A leading Wall Street firm says the powerful rally in the AI trade still has room to run to the upside, even as valuations surge. In a new CNBC interview, Stacey Rasgon, senior US semiconductor analyst and managing director at Bernstein, says fears of a sudden stop in the AI boom may be overdone given recent earnings and forward guidance. “The worry that people would have on all these is that the music stops, like the numbers have gotten so big so quickly that, I mean, you worry about sustainability, and that’s always been the big concern. But I think…
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.
Microsoft’s top technologist is placing OpenAI at the center of the company’s future, while acknowledging growing demand for rival Anthropic. Speaking at Italian Tech Week in Turin, Chief Technology Officer Kevin Scott compares the OpenAI partnership to Microsoft’s foundational alliances in the personal computing era. He recalls how the Intel–Microsoft alignment once defined the rise of the PC industry. “OpenAI is maybe the most important partner that Microsoft has ever had. And Microsoft is in this interesting position that we’ve had over its 50-year history a bunch of important partners. It used to be the thing that drove the entirety…
The AI mania is sweeping into startups, reshaping what employees can do and how teams are built. In a new report compiled with fintech Mercury, venture capital firm Andreessen Horowitz says the shift is hitting small firms harder than large incumbents, as AI-native companies emerge with new structures built around next-generation software. “AI is changing what skills people have, what tasks people do, and what teams look like.” The venture firm analyzed financial data from over 200,000 Mercury customers between June and August, ranking the top 50 AI-native application layer companies by spend. Unlike infrastructure providers, which reflect capacity, these…
Fidelity executive Jurrien Timmer warns that the surge in the stock market fueled by the AI boom shows similarities to the late-1990s market. In a new post on X, Fidelity’s director of global macro says the AI-driven S&P 500 surge since 2022 appears to mirror the index’s price action from 1994 to 1998 with a minor difference. According to Timmer, the stock market’s recovery following the tariff tantrum in April mirrors the S&P 500’s rally in 1998 after Long-Term Capital Management (LTCM), a highly leveraged hedge fund, failed spectacularly primarily due to global financial market turmoil. “Whether the AI boom…
OpenAI CEO Sam Altman warns that artificial intelligence could pose a threat to humanity in more ways than one. In a new interview with Axel Springer CEO Mathias Döpfner, Altman outlines how the technology, when directed by nation-states in conflict, could be turned toward devastating ends. According to Altman, AI models are designed to follow user commands, noting that someone can weaponize the tech. “AI systems do exactly what we tell them to do, but somebody is able to build one and a country, and we talked about warfare, a country that is using it to wage war is able to…
Tesla (TSLA) posts its strongest-ever quarter for deliveries, prompting a veteran analyst to predict a multi-trillion-dollar valuation for the electric vehicle maker. In a new press release, the company reports production of 447,000 vehicles and deliveries of 497,000 in the third quarter of this year, alongside a record 12.5 GWh of energy storage deployments. Deliveries shattered Wall Street estimates of about 443,000. News of the firm’s record-breaking quarter prompted Dan Ives, Wedbush Securities’ global head of technology research, to call Tesla one of the top AI plays in the coming years. “Look the main thing is my view is on…
An ex-Morgan Stanley strategist warns that links inside the AI trade could create risks across the stock market. Adam Parker, now chief executive of Trivariate Research, says multiple sectors are tied more closely to AI semiconductors than many investors realize. He highlights that holdings spread across financials, industrials, and power stocks may be less diversified than they appear. “The biggest worrisome thing I see is the correlation between, you know, what’s called the alternative asset managers, even the big three, Goldman, Morgan Stanley, JPMorgan, and let’s say industrials like Eaton and Caterpillar and obviously power, GE Vernova, Vistra, Constellation. They…
OpenAI’s enterprise usage report reveals where ChatGPT is actually making its mark inside American companies. In snippets of the report shared by Andreessen Horowitz partner Olivia Moore on X, the findings point squarely to white-collar workflows, with writing and programming dominating early adoption. The data comes from the first 90 days of ChatGPT Enterprise. It breaks down usage by department and industry, showing how organizations are deploying the tool at scale. Across departments, the largest slice of activity centered on text generation. In communications departments, half of all activity involves writing and text generation. Administrative teams leaned just as heavily,…
Marc Andreessen says the fear of AI eliminating work on a massive scale is misplaced, arguing that the technology is set to expand productivity and ultimately lift jobs and incomes. In a new Cheeky Pint interview, the co-founder of venture capital firm Andreessen Horowitz (a16z) says that the AI doomsday view, where automation leaves workers behind and power concentrates into a handful of corporations, is a false narrative. Andreessen says he subscribes to the conventional view of economics, where AI is seen as a massive productivity booster, benefiting companies while also driving employment growth. “When you put a technology in…
Panda Security says a new class of AI browsers can be tricked into spending money and leaking bank account details, exposing users to fraud on a scale not yet seen. The cybersecurity firm says it tested so-called agentic browsers like Comet from Perplexity, which can automatically surf the web, fill out forms, make purchases, and manage accounts. Unlike voice assistants such as Siri or Alexa, these browsers are designed to act without explicit human approval. To test the resilience of AI browsers, researchers created scenarios that mimicked common online scams. The goal was to see whether the AI systems could…