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President-elect Donald Trump announced Gail Slater as his pick to lead the Department of Justice's antitrust division amid ongoing antitrust cases in Big Tech names like Alphabet (GOOG, GOOGL). Catalysts Funds co-founder and chief investment officer David Miller sits down with Market Domination Overtime Co-Hosts Julie Hyman and Josh Lipton to discuss what Trump's DOJ antitrust pick and comments about Big Tech signal ahead of his second term in the White House. "I think it is a signal as to what an amazing position these companies are in," Miller says, adding, "There's never been a time in history where companies had such incredible global market share, such high margins, such significant tailwinds to their growth, that you'd ever hear a president-elect say things about US companies like that." "When a company gets considered to be a monopoly by the federal government, that hasn't historically been a bad thing for their stock. If you look at companies, whenever the federal government started considering them to be a monopoly, those have been some pretty big winners in terms of a stock price thereafter," the strategist says, highlighting Microsoft's (MSFT) gains since its antitrust woes in the 1990s. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan...
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Hitting a new 52-week high of $220 a share on Wednesday, investors and technical traders may be amused by Amazon's (AMZN) AI initiatives...
Continue ReadingShares in uranium, nuclear fuels, and nuclear operating plant services company Cameco Corporation (NYSE: CCJ) powered higher by 15.2% in November, according to data provided by S&P Global Market Intelligence. The move coincides with a solid third-quarter earnings report released early in the month in an environment of improving optimism around the role of nuclear energy in the provision of power. The underlying results from Cameco were good in the third quarter, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rising by 32% to $308 million compared to the same quarter a year ago...
Continue ReadingAWS is betting that an AI model marketplace with low prices and wide selection will be the key to success...
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Columbia Disciplined Growth Fund Institutional Class shares returned 2.36% for the quarter ending September 30, 2024. Click here to read the full commentary...
Continue ReadingAmazon stock gained after it announced plans for its own AI server and an "Ultracluster" to train AI models...
Continue ReadingTiger Global Management's 13F portfolio increased to $23.44B. Check out the notable increases, decreases, and new stakes of the portfolio here...
Continue ReadingAWS, Amazon's cloud computing unit, today announced the Education Equity Initiative, which aims to provide "education organizations with technologies to build digital learning innovations for underrepresented communities." AWS is committing $100 million in cloud credits to this effort over the next five years. Tom Berry, who leads the education work within AWS' Social Impact and Responsibility team, told me that this initiative is a bit of a departure from how the company has traditionally thoug...
Continue ReadingAmazon is betting that offering AI models of similar capability to others but at a lower price will be the key to winning marketshare...
Continue ReadingOpenAI said it would set up a new office in Zurich, Switzerland, as part of efforts from the ChatGPT maker to bolster its presence in Europe as the continent emerges as a key battleground for regulating artificial intelligence...
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