Author: arthursheikin@gmail.com

[ad_1] JPMorgan has high expectations for chip giant Micron Technology when it reports earnings next week, during an otherwise quiet period on Wall Street. “We expect revenue, gross margin, and EPS to exceed consensus expectations,” the Wall Street firm said in a note to clients Friday. “This is driven by sustained momentum in high-bandwidth memory (HBM) demand trends, along with upside in consumer applications.” The summer doldrums are setting in, and traders don’t have much to focus on except for Micron earnings Wednesday after the bell. The chip stock has outperformed the broader market significantly this year, up more than 44%.…

[ad_1] Mark Zuckerberg’s AI talent hiring spree continues. In recent months, Meta tried to acquire Safe Superintelligence, the $32 billion AI startup co-founded by OpenAI’s former chief scientist, Ilya Sutskever, according to a report from CNBC on Thursday. Sutskever ultimately turned Meta down, according to CNBC, but the company is now in talks to hire Safe Superintelligence’s co-founder and CEO, Daniel Gross. Earlier this week, The Information reported that Meta was in talks to hire Gross, as well as former GitHub CEO Nat Friedman. Meta is also reportedly taking a stake in Friedman and Gross’s joint venture firm, NFDG, which…

[ad_1] As graduation season winds down, a new study shows that many Gen Z high school students feel unprepared to figure out what to do next.According to a new survey from Gallup, Jobs for the Future (JFF), and the Walton Family Foundation, most Gen Z high schoolers know relatively little about the vast array of education programs and career paths available after graduation.At this time of staggering student loan debt and many graduates questioning the value of a college degree, information about other postsecondary options is vitally important.The survey showed that about one in three students knows a “great deal”…

[ad_1] The scorching hot sun is setting on advertising’s annual shindig in the south of France, Cannes Lions, for another year.At the sprawling event, there was a level of thematic whiplash. In the span of an hour on the main stage in the Palais you go from hearing about the creation of the iconic Snickers “You’re only you when you’re hungry” campaign to hearing a speech from human-rights activist Sonita Alizadeh on the humanitarian crisis of child brides in Iran and Afghanistan. Festival goers could catch a Mark Ronson DJ set on Spotify Beach. Dave Benett/Getty Images for Spotify There…

[ad_1] SoftBank is going all in on AI. Just months after announcing its involvement in the $500 billion Stargate AI Infrastructure project, of which SoftBank is rumored to be fronting a cool $19 billion, the Japanese investing conglomerate is reportedly looking to launch its largest AI project yet. The company is looking to team up with Taiwan Semiconductor Manufacturing Company (TSMC) to launch a trillion-dollar industrial complex in Arizona to build AI and robotics, according to reporting from Bloomberg, citing sources familiar with the project. The initiative, dubbed Project Crystal Land, appears to still be in its very early stages.…

[ad_1] (This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — During the last earnings season, the hyperscalers all affirmed their guidance for capital expenditures this year. The AI data center and infrastructure buildout is not slowing down. Earnings results and AI-related commentary from Oracle and AMD over the past week make it clear that this theme remains on fire. Lots of the companies on the Best Stocks in the Market list are direct or indirect beneficiaries of all this spend. Today we’re going to introduce…

[ad_1] Despite beating earnings estimates and maintaining solid profit margins, Carvana (CVNA) has been under pressure recently, losing more than 9% in the last eight sessions — all on tariff scare headlines. While tariffs are a legitimate concern for many companies, this kind of sharp drop is a textbook example of a knee-jerk reaction — and the market is full of them. As a mean reversion trader, the goal is to identify these overreactions and take the other side when the setup aligns. In this case, I’m using a couple of key technical indicators to spot whether CVNA is setting…

[ad_1] CNN  —  After three months of legal battles and lobbying, the Voice of America network is officially being reduced to a fraction of its pre-Trump form. Widespread layoffs took place Friday at VOA and its parent agency, the US Agency for Global Media, or USAGM for short, which has led America’s efforts to broadcast information around the world for decades. “This move follows USAGM’s firing of more than 500 contractors last month. It spells the death of 83 years of independent journalism that upholds US ideals of democracy and freedom around the world,” three VOA journalists who sued to…

[ad_1] As my daughter can attest, it’s a tough job market out there. She’s a mechanical engineer, which seems steady demand-wise. But many of her college friends are struggling to find that crucial entry-level job or internship. Some are wondering if computer science and similar courses were the right decision, with AI automating software tasks at companies.Just look at what’s happening at Amazon. CEO Andy Jassy said this week that his corporate workforce will shrink over the next few years as the company uses more generative AI tools and agents.Not so coincidentally, Business Insider just spent weeks interviewing Gen Z…

[ad_1] After months of rumors, Meta has officially announced its next pair of smart glasses with Oakley. The smart glasses have double the battery life of the Meta Ray-Bans and are able to capture 3K video. The models are based on Oakley’s HSTN (pronounced “how-stuhn”) design, and are described as Meta’s “first product for athletes and fans alike.” The limited-edition Oakley Meta HSTN model with gold-colored accents costs $499 and will be available for preorder on July 11th. The rest of the collection starts at $399 and is dropping later this summer, Meta says. The glasses feature a front-facing camera,…