A top strategist at Fundstrat believes the next leg of the stock market’s rally will be fueled by renewed investor optimism in the Magnificent 7 (Mag 7) stocks. In a new Fox Business technical analysis session, Fundstrat head of technical strategy Mark Newton says he’s keeping a close watch on the MAGS ETF chart, which tracks the performance of large-cap tech names including Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft and Nvidia. According to Newton, MAGS has broken out of a recent consolidation phase and is now trading at all-time high levels to resume its uptrend. “We’ve seen a little…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Amazon is launching one of its largest corporate layoffs in years as artificial intelligence transforms how the company manages efficiency and staffing. The tech giant plans to eliminate as many as 30,000 corporate roles beginning this week, part of a broader effort to trim expenses and streamline operations following heavy pandemic-era hiring, reports Reuters. While the number accounts for a fraction of the firm’s 1.55 million employees, it represents about 10% of Amazon’s 350,000 corporate workforce. Sources familiar with the matter say the reductions will affect multiple divisions including human resources, operations, devices and services and Amazon Web Services. The…
Bank of America says Qualcomm’s (QCOM) latest rally may not be sustainable, believing that investors may be overestimating the near-term payoff from the company’s new AI chips. In a new press release, the Nvidia (NVDA) rival unveiled its next-generation AI200 and AI250 inference chips for data centers designed for power efficiency and memory performance for generative AI workloads. “Building off the Company’s NPU technology leadership, these solutions offer rack-scale performance and superior memory capacity for fast generative AI inference at high performance per dollar per watt—marking a major leap forward in enabling scalable, efficient, and flexible generative AI across industries.”…
A new survey on the rise of generative media finds that most companies investing in AI-powered image and video tools are already seeing returns. The State of Generative Media Survey Report 2025 by Artificial Analysis, in collaboration with fal, gathered responses from roughly 300 developers and creators to understand how organizations are adopting image and video generation models. The research shows that 65% of organizations report a return on investment within 12 months. Another 34% are already profitable, and 31% expect returns soon. Among image models, Google Gemini leads adoption at 74%, while ChatGPT remains the most popular interface for…
A longtime market strategist says the stock market could surge further into the year-end as earnings and liquidity drive valuations higher. In a new CNBC interview, Ed Yardeni, president of Yardeni Research, says the equity market’s complacency is justified by economic strength and resilient corporate profits. Yardeni also sees the bull market extending into 2026, aided by a supportive rate environment and strong profit momentum. “Yeah, it’s kind of an odd situation. We’ve got some indicators actually suggesting that at least retail investors aren’t as bullish as the data shows from the flows. But the complacency of the stock market…
A new survey shows that AI-powered fraud in US and UK firms is spreading fast, and many finance teams can’t spot it. A survey by software automation firm Medius polled 1,000 finance professionals across two countries about fraud and generative AI. Medius finds that nearly a third (32%) of finance professionals in the US and UK admit they wouldn’t recognize a fake expense report if it landed on their desk. The research warns that the launch of OpenAI’s GPT 5.0 could make detecting false receipts even harder. Since early 2024, when GPT 4.0 went live, three in ten finance workers…
The chief executive of Barclays says artificial intelligence is changing financial operations at a structural level — but warns that lasting results won’t come from shortcuts. In a new interview with Bloomberg, Barclays CEO C.S. Venkatakrishnan responds to a question about an MIT study showing that 95% of firms adopting AI have failed to deliver profits. According to Venkatakrishnan, integrating AI across large institutions requires not just new tools but also the conviction to reshape a firm’s workflows. “So there’s technology at one side, and there’s making it available to our staff, which we have done. And then there is…
A number of people on welfare in the US and UK say they do not trust the government’s use of AI to decide who gets help, after being wrongly denied benefits or accused of fraud. The warning comes from a Nature Communications study by researchers from the Max Planck Institute after surveying 3,249 respondents in the US and the UK. The study notes that while AI can speed up welfare payments, it also risks wrongly denying people or falsely flagging applications as fraudulent. Amid the potential inaccuracies, the survey finds a clear divergence between non-claimants and claimants. Non-claimants or the…
An executive at the world’s largest alternative asset manager says investors fixated on AI bubble talk are overlooking the scale of the coming productivity boom. In a new interview with CNBC, Blackstone president and COO Jon Gray says the current wave of capital pouring into chips, data centers and energy infrastructure reflects a rational pursuit of long-term productivity gains rather than speculation. He points to early results in several industries showing tangible benefits from AI. “But I do think the AI, which gets a lot of bubble talk, it’s worth thinking about why people are investing this much capital. We…
A new survey shows a majority of bank leaders believe agentic AI will fundamentally reshape the industry, and many of them aren’t waiting to get on board. The report, commissioned by SoundHound AI and conducted by Arizent’s American Banker, polled 200 qualified managers, executives and directors working at US retail, commercial banks and credit unions, with assets ranging from under $10 billion to more than $1 trillion. The survey finds that 70% of US banking leaders now expect agentic AI, systems that take action on behalf of users, to have a “significant or game-changing” impact on the banking industry. In…