Technology & AI
- Oracle jumps 30%. Oracle (ORCL) stock jumped more than 30% in early trading Wednesday after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year.
- Amazon may be the best way to own the AI infrastructure. Motley Fool. Amazon is up 6.41% year to date.
- Amazon through AWS has a market share of 30%. “It’s hard to overstate how impressive AWS’ market share is. The next two biggest competitors — Microsoft and Alphabet — combine for just 33% of the market”. The Motley Fool.
- Google/Alphabet is now up 25% year to date. Bill Ackman has 15% of his funds invested in Alphabet.
- Apple introduced a super thin phone the IPhone Air as part of the IPhone 17 debut. This may excite buyers. Apple is down nearly 8.43% year to date.
Pharmaceuticals & Healthcare
- Novo Nordisk slashes 9,000 jobs to slim down in fierce weight-loss drug battle. Reuters.
- Novo Nordisk is down 60% year to date.
Investment Firms & Asset Managers
- Private equity powerhouse KKR is up more than 300% over the last 5 years. Even if the stock is down 5% this year, that’s remarkable.
- Zacks Investment Research says buy the dip in Alliance Bernstein L.P. AllianceBernstein stock lands a Zacks Rank #2 (Buy), making the argument for a retrace to its one-year peak of $43 a share while offering a very generous 7.71% annual dividend yield.”