Author: Henry Kanapi

An AI-driven investment manager is naming three technology giants it says are best positioned to benefit from the artificial intelligence boom. In a new Squawk Box interview, Doug Clinton, Intelligent Alpha founder and CEO, believes the AI trade still has momentum amid the massive capital expenditure (CapEx) spending spree. “Oracle, I can say this. They are a stock to watch. They’ve had a great year so far, up 90% now year to date. And I think there’s a bigger thing that’s going on as we think about what happened with their earnings, why the stock was up so much this…

Fundstrat’s Tom Lee says the artificial intelligence trade remains undervalued even after a string of rallies, and he believes another corner of the market could offer even greater upside. In a new CNBC interview, the investor points to Oracle’s surge after earnings as proof that investors continue to underestimate the AI theme. He ties the stock’s move to a shift in how markets are valuing long-term demand for cloud and data services. “Oracle surging 41% after they report earnings tells me that AI is an undervalued sector, because how else do you explain a stock that is as large as…

OpenAI is burning cash at a scale that would make the dot-com bubble blush. The startup has committed to $328 billion in spending — $300 billion to Oracle for compute, $18 billion for a data-center venture, and $10 billion for Broadcom chips — while pulling in just $13 billion a year. The Oracle deal alone averages $60 billion annually over five years, more than four times OpenAI’s current top line. Losses already run into the billions each year, and chief executive Sam Altman has told investors they will stack to $44 billion by 2029, the first year OpenAI is projected…

A top fintech strategist says the stock market’s defining theme still has years left to run, but investors may need to look beyond the obvious winners. In a new CNBC interview, SoFi’s Liz Thomas says she expects the artificial intelligence trade to broaden out She predicts that investments will move away from the obvious picks-and-shovels semiconductor plays and rotate to builders who turn AI into usable products and services. “Well, so earlier this year, when I came out with my 2025 outlook, I talked about software being the next conduit, mostly in the semiconductor space. So if you think about…

Truist, one of the largest banks in the United States, says artificial intelligence remains the driving force behind the stock market’s latest leg higher, but points to a different asset that has quietly outpaced even the biggest tech names. In a new Yahoo Finance interview, Truist chief investment officer Keith Lerner says the macro environment has been shifting for the past few years, but AI and tech have been steadily fueling market rallies to new highs. “If you think about the last couple of years, I mean, this market has had to deal with a lot of different narratives. We…

D.A. Davidson has turned bullish on Nvidia, lifting its rating to buy and calling the chipmaker the cheapest way to play artificial intelligence despite a year-long surge in the stock. In a new CNBC Power Lunch interview, D.A. Davidson managing director Gil Luria says the AI trade has broadened to include companies with far weaker growth prospects, leaving Nvidia discounted by comparison. He also says that investors appear to have taken their eyes off NVDA, despite its strong earnings growth and AI leadership. “But what’s happened at the same time is people have tried to expand the AI trade away…

The U.S. Federal Trade Commission has opened a broad inquiry into consumer AI chatbots, zeroing in on how conversations are monetized and how data is handled. The agency has issued compulsory 6(b) orders to seven firms and asked for detailed disclosures. Recipients include Alphabet, Meta, OpenAI, Character.AI, Instagram, Snap, and xAI. The study is not an enforcement action but can inform future cases. The regulator wants to see how companies measure and monitor negative impacts, process user inputs, generate outputs, and use information gleaned from chats, with a special focus on child safety. Says FTC Chairman Andrew N. Ferguson, “Protecting…

Ex-Goldman Sachs chief executive Lloyd Blankfein says he’s fully invested in stocks as he sees the current setup as one of the most powerful market moments he has ever witnessed. In a new Squawk Box interview, the former Goldman Sachs chief points to a convergence of monetary policy and technology as the drivers of the next leg higher. Blankfein, who ran the Wall Street bank through the 2008 Global Financial Crisis, explains that rate cuts combined with investor enthusiasm for artificial intelligence are creating what he views as a unique alignment of tailwinds. “I have all these bearish thoughts, but…

Brookfield’s chief executive says the AI boom is now a backbone investment for sovereigns and corporations, with capital commitments measured in the tens of billions. Speaking at the firm’s investor day, Bruce Flatt describes how the Canadian asset manager is positioning itself to supply the infrastructure fueling the AI buildout, from power and data centers to compute capacity. He also notes that while there’s froth in AI, he sees the space as a solid long-term investment opportunity. “So remember what we do is build the backbone of the global economy. So we are building power data centers with compute capacity…

OpenAI and Nvidia are reportedly gearing up to channel billions of dollars into UK data centers as the competition to dominate artificial intelligence infrastructure intensifies. The two companies are expected to announce their plans during President Donald Trump’s visit to Britain next week, when American firms across multiple industries are expected to unveil tens of billions of dollars in new investments, reports Bloomberg. OpenAI is partnering with London-based Nscale Global Holdings on the project. The UK company has been building out sites designed for large-scale AI workloads, including a facility in Essex with capacity for as many as 45,000 Nvidia…