Brad Gerstner’s Altimeter is making dramatic changes in its portfolio, dumping tens of millions of dollars in Alphabet (GOOGL) in a span of three months. The News Altimeter’s latest 13F filing from the U.S. Securities and Exchange Commission shows that the fund fully exited its stake in Alphabet in Q1 of this year. The tech-focused firm unloaded all 519,290 GOOGL shares previously valued at $162.537 million. Altimeter used the freed-up cash to accumulate picks-and-shovels plays in AI, starting with a new position in the AI chip architecture and licensing company ARM Holdings (ARM). The fund gobbled up 1,715,440 ARM shares…
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.
Billionaire Jeff Bezos is pushing back on the narrative that AI will trigger a wave of job displacement, believing that the technology will ultimately cause labor shortages. The News In a new CNBC interview, Bezos says people who are predicting AI-driven job losses are just wrong because he believes the technology is a tool that elevates worker productivity rather than replace them. Bezos also predicts that the AI-driven productivity gains will eventually lead to labor shortages as the prices of goods and services get cheaper over time. “What’s really going to happen is that it’s going to elevate all of…
Fundstrat’s head of research, Tom Lee, says there is one specific driver behind the latest Ethereum (ETH) sell-off, and it’s not market sentiment or major hacks in the ecosystem. The Move In a post on X, Lee points to Ethereum’s inverse correlation with oil prices, highlighting that it’s at the highest level in ETH’s history. “Rising oil prices are the biggest headwind. ETH’s inverse correlation to oil is the highest ever. As oil rose in the past six weeks, ETH prices have fallen. Oil price is inverted (higher prices = downward). Thus, oil reversing = ETH prices recovering.” Lee also…
A former global head of commodities research at Goldman Sachs believes that the boom in AI CapEx will propel one asset class to much higher levels, triggering a multi-year supercycle. The Move In a new Bloomberg interview, Jeffrey Currie, now co-chairman at Abaxx Markets, says history has shown that tech and energy have taken turns in leading the stock market, going as far back as more than a century of investment data. “Going back to the entire postwar era, there are two sectors that lead the equity market: One is energy. The other is tech. If you can’t turn on…
Stanley Druckenmiller’s Duquesne Family Office has opened new stakes to the tune of more than $160 million in companies primed to directly benefit from the massive AI CapEx this year. The Move Data from the firm’s latest 13F filing with the U.S. Securities and Exchange Commission shows that Druckenmiller initiated a new stake in Broadcom, gobbling up 195,955 AVGO shares worth $60.65 million in Q1 of this year. Broadcom’s custom silicon is used by hyperscalers including Google and Meta to power their AI training and inference workloads, making it one of the most direct beneficiaries of the AI infrastructure buildout.…
Morgan Stanley’s chief investment officer says the earnings backdrop is strong enough and the AI tailwind broad enough to justify a meaningful upgrade to the bank’s S&P 500 price target. In a new episode of Morgan Stanley’s Thoughts on the Market podcast, Mike Wilson says the bank has raised its 12-month S&P 500 price target to 8,300, driven entirely by higher earnings estimates rather than multiple expansion. “We raised our S&P 500 EPS by approximately 5% as operating leverage from the rolling recovery, AI adoption, fiscal support, and a CapEx cycle that continues to broaden. In fact, we assumed some…
A Bank of America analyst says ServiceNow (NOW) has cracked the code on turning artificial intelligence into actual revenue growth, while noting that Microsoft’s (MSFT) AI strategy is being widely misread by investors who think it is trying to compete head-to-head with frontier model makers. In a new CNBC interview, Bank of America analyst Tal Liani says the bank has reinstated ServiceNow as a buy with a $130 price target, arguing that the company has the right portfolio to turn AI into a genuine growth engine at a moment when most software companies are still figuring out how. Liani says…
Veteran Wall Street strategist Ed Yardeni believes the Federal Reserve will raise interest rates, noting that the bond market is already sending a clear signal that the central bank is falling behind on inflation. In a new CNBC interview, Yardeni predicts that the path forward for the Fed will begin with a shift in posture at the June meeting before following through with an actual rate hike. “I think the reason bond yields have gone up is because the perception is that the Fed is behind the curve on inflation. The Fed has to clearly show that they’re dropping their…
A new global study from McAfee is revealing the staggering human and financial cost of AI voice-cloning scams, finding that the vast majority of people who receive these calls lose money. In a survey of 7,000 people worldwide, McAfee finds that one in four had experienced an AI voice-cloning scam or knew someone who had. Of those who received a message from an AI voice clone, 77% say they lost money as a result. McAfee says 36% of victims lost between $500 and $3,000, while 7% lost between $5,000 and $15,000. According to McAfee, AI has made fake voices nearly indistinguishable…
Social media giant Meta is reportedly moving thousands of employees to focus more on intelligence ahead of its plans to let go of 10% of its workforce. Meta told employees it was reassigning 7,000 workers to new AI-focused organizations just days before laying off roughly 8,000 others, the latest move in what is becoming one of the most sweeping corporate restructurings in the company’s history, The New York Times reports. Janelle Gale, Meta’s head of human resources, says the reassigned workers will be moved to four new organizations built around AI tools and apps, using what she describes as AI-native…