Over the past two quarters, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has been buying a “secret stock” — secret in the sense that a major investment fund can request the SEC withhold the name of a new buy in a fund’s 13F quarterly report, since disclosing the position could reveal an ongoing buying […]
Elon Musk’s artificial intelligence startup xAI is in talks with Oracle (ORCL) on a multiyear, $10 billion cloud-computing deal, The Information reported Tuesday. Oracle stock jumped on the news. X Musk’s xAI startup would become one of Oracle’s largest customers, according to the report. The Information cited a person involved in the talks. The year-old […]
(Bloomberg) — Oracle Corp. gained as much as 5.3% after the Information reported the company is close to a deal for a $10 billion cloud contract with Elon Musk’s artificial intelligence startup xAI. Most Read from Bloomberg Oracle Chairman Larry Ellison said last September that the company had a deal to provide cloud infrastructure to […]
The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis. While she has recently warned of the dangers that the “crisis of the American male” poses to the economy and the […]
PM Images/Getty Images A housing proposal could unlock nearly $1 trillion for homeowners, Meredith Whitney wrote for the FT. The idea is for Freddie Mac to start purchasing secondary mortgages, offering a cost-effective way for borrowers to tap equity. Homeowners face few options to do this, as there aren’t many willing buyers. An idea is […]
From accelerated computing to cloud infrastructure, humanoid robotics, and self-driving cars, the “Magnificent Seven” stocks of Microsoft, Alphabet, Amazon, Apple, Nvidia, Meta Platforms, and Tesla are leading the artificial intelligence (AI) revolution. As a result, investors have cheered on big tech, which has led to outsize movements in these stocks — helping fuel the S&P […]
Palantir Technologies (NYSE: PLTR) stock has been in crushing form on the market in the past year with gains of 182%, and artificial intelligence (AI) has played a critical role in powering this red-hot rally. For instance, in February this year, Palantir stock shot up impressively after posting its fourth-quarter 2023 results. Wall Street appreciated […]
One of the most high-profile trends over the past year or so has been the growing adoption of artificial intelligence (AI). The latest advances in this quickly evolving field have created something of an AI gold rush as businesses scramble to determine how best to leverage this nascent technology. There are a vast and growing […]
Palantir Technologies (PLTR) and Oracle (ORCL) on Thursday said they will partner to offer artificial intelligence software and services hosted on Oracle’s cloud computing platform. Palantir stock rose on the news. X Denver-based Palantir sells three software platforms. Palantir Gotham is used primarily by government agencies. Also, there’s Palantir Metropolis for banks, financial services firms […]
Meredith Whitney, deemed the “Oracle of Wall Street” for successfully calling the financial crisis, says home prices are likely to fall substantially, and the reasons have to do with habits picked up by young guys. “You have men staying single longer…and then you have what I call a growing crisis of the young American male…they’re […]
Microsoft‘s (NASDAQ: MSFT) stock surged nearly 1,000% over the past decade and turned it into the world’s most valuable company, with a market cap of $3.2 trillion. That massive growth spurt was driven by the expansion of its mobile, cloud, and AI ecosystems under Satya Nadella, who became the company’s CEO in 2014. Microsoft is […]
(Bloomberg) — South Africa’s Special Investigation Unit, established to tackle corruption and the misuse of public funds, asked the National Treasury to bar Oracle Corp. from doing business with the government because of what it says was a flawed tender. Most Read from Bloomberg The contract, which is with the Treasury, is related to a […]