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GOOGL

Insider Sale: CEO Sundar Pichai Sells 22,500 Shares of Alphabet Inc (GOOG)

On June 5, 2024, Sundar Pichai, CEO of Alphabet Inc (NASDAQ:GOOG), executed a sale of 22,500 shares of the company, according to the SEC Filing...

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GOOGL

US Probes Microsoft’s Deal With AI Firm Inflection, WSJ Says

(Bloomberg) -- US regulators are investigating whether a deal Microsoft Corp. struck with AI startup Inflection may have been structured to avoid scrutiny, the Wall Street Journal reported, citing a person familiar with the matter.Most Read from BloombergA Struggling Business Park Deals a Blow to Singapore's Regional Hub AmbitionsBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayNvidia Tops $3 Trillion in Market Value, Leapfrogging Apple‘Everything Is Not Going to Be OK’ in Private E...

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GOOGL

Google: Fundamentals Keep Improving

Google's revenue growth momentum shines, with dominance in digital advertising and a promising potential in the autonomous driving industry. Read more here...

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AMZN GOOGL MSFT

Tracking Dan Loeb’s Third Point Portfolio – Q1 2024 Update

Dan Loeb's 13F portfolio surged to $7.85B in Q1 2024 with notable additions of Alphabet, Goldman Sachs, Marvell, and S&P Global among others. Read more here...

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GOOGL

Elon Musk’s xAI to Develop New Supercomputer in Memphis

(Bloomberg) -- Elon Musk’s xAI plans to develop a new facility in Memphis to house a giant supercomputer, a move by the artificial intelligence startup to boost its capacity in the race to build and offer chatbots and other AI-powered tools. Most Read from BloombergBlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSES&P 500 Hits 25th Record This Year as Tech Soars: Markets WrapSEC Hedge Fund Fee Disclosure Rule Struck Down by US CourtModi Vows to Retain Power Even as Party Loses Ind...

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GOOGL

Apple Regains Its $3 Trillion Market Cap. Wall Street Is Getting Excited About WWDC.

‘WWDC represents the most important event for Apple in over a decade,’ Wedbush analyst Dan Ives writes...

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GOOGL

Google And Eli Lilly Have Things In Common Besides Being Mutual Fund Favorites

Google stock is a mutual fund favorite and is near a buy point. Two other leading growth stocks top the list of fund favorites...

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GOOGL MSFT

Why Apple’s generative AI push won’t launch an iPhone supercycle in 2024

Apple is expected to unveil its big generative AI push with new capabilities for the iPhone. But don’t expect generative AI itself to spur a new iPhone sales supercycle this year...

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GOOGL

Boeing Starliner launches first crewed space flight

Boeing has launched its new Starliner astronaut capsule in a much-delayed first test flight with a crew as the company steps up the pressure on Elon Musk’s Space X...

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GOOGL

ISM Services PMI beat, Eli Lilly CFO to join Alphabet: Catalysts

On today's episode of Catalysts, Yahoo Finance's Madison Mills breaks down key economic data and major tech news, from Alphabet's new CFO to AI regulation. May's ISM Services PMI beat expectations, coming in at 53.8 against the expected 51. Meanwhile, the ADP National Employment Report showed private payroll growth slowed in May. FS Investments Chief US Economist Lara Rhame explains that despite the mixed data, the current economy is strong and adds, "Against that backdrop, there's no urgency for the Fed to cut rates. I think they want to get it done. I think it may not happen until after the election, and today's data doesn't really change my view of that." Alphabet (GOOGL, GOOG) announced that the current executive vice president and CFO of Eli Lilly (LLY), Anat Ashkenazi, will become the tech giant's new CFO effective July 31. Mizuho Senior Analyst Jared Holz breaks down Ashkenazi's qualifications, explaining, "I think just being able to navigate what has become an enormous company in Lilly ... $800 billion of market cap, trumps every other peer by a pretty wide margin." Bank of America Securities Senior Internet Technology Analyst Justin Post adds that Ashkenazi is joining Alphabet during a "good cost trajectory," as the company beat earnings expectations last quarter and executed small layoffs. On the AI front, tech employees are advocating for heightened oversight and regulation. Former and current employees from AI giants like OpenAI, Alphabet's Google (GOOG, GOOGL), and Anthropic have released an open letter highlighting concerns about the lack of governance to ensure the safe development of AI technologies. Appian (APPN) CEO Matt Calkins supports the letter, calling it "an extremely responsible step." This comes as Qualcomm (QCOM) is set to roll out Arm-based (ARM) chips in AI PCs. This post was written by Melanie Riehl...

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