Author: Henry Kanapi

Cisco (CSCO) chief executive Chuck Robbins says AI has ignited a new supercycle that directly benefits companies operating in the networking hardware space. In a new CNBC interview, Robbins says the AI-driven expansion of data center infrastructure is creating a networking boom that the industry has not seen before. “It feels like there’s a bit of a networking super cycle that we’re entering right now. I remember sitting in a boardroom literally probably seven or eight years ago when someone said, are we sure that companies are going to continue to buy Ethernet switch ports? And I think we’ve proven…

Anthropic warns that it is within the realm of possibility for China to reach near-parity with the US in just a couple of years, and closing the gap could give the country’s cyber force the ability to disrupt critical infrastructure across the world. In a new report, the Claude creator lays out two possible futures for the global AI race and their implications for national security. In the more alarming of the two scenarios, Anthropic says Chinese AI labs could close the gap with their US counterparts within months through a combination of factors that are already underway. “Despite a…

Altimeter Capital founder Brad Gerstner says a company he invested in nearly a decade ago has emerged as one of the most important solutions to the single biggest bottleneck in artificial intelligence today, and the market is beginning to take notice. In a new CNBC interview, Gerstner says the AI industry has shifted from a world dominated by raw computing power to one where the ability to move data around a chip as fast as possible has become the critical constraint. Gerstner says Cerebras (CBRS), the wafer-scale chip company Altimeter backed eight to nine years ago, is uniquely positioned to…

The global head of equities at JPMorgan Asset Management says one of the most debated equity trades in the market today cannot be ignored or dismissed, as three indicators he watches most closely for signs of a peak have not yet fired. In a new Bloomberg interview, Paul Quinsee says the fundamental backdrop supporting the tech trade remains too strong to fade, even though some warning signs are beginning to appear. “You can’t ignore it, obviously, and you can’t just dismiss it. And yes, we see these warning signs. You see incredible interest in these ETFs booming. Those are things…

JPMorgan Chase chief executive Jamie Dimon says the emergence of Anthropic’s Claude Mythos has escalated an already critical cybersecurity threat, highlighting that banks, governments and corporations are in a race to deploy the technology responsibly before bad actors can exploit it. In a new Bloomberg interview, Dimon says Mythos represents a legitimate and powerful new threat vector that the financial industry is taking with extraordinary seriousness. “Mythos is so powerful and covers a lot of vulnerabilities. And we’re all trying to figure out how to deal with it, not just for ourselves but all of our friends: big banks, small…

Billionaire investor Ron Baron says SpaceX is on a trajectory to become the most valuable company in the history of human civilization, noting even his own staggering price target may dramatically underestimate where the company ultimately ends up. In a new CNBC interview, the founder of Baron Capital says that while he’s not sure at what valuation SpaceX could debut in the public markets, he’s confident that Elon Musk’s rocket firm will soar to an astronomical market cap in a decade or so. “This is going to become the largest company on the planet. When you go public, I don’t…

Ex-Morgan Stanley managing director Jordi Visser believes that Bitcoin (BTC) has just triggered the single most favorable macro condition based on historical data. In a new post on X, Visser says April’s Consumer Price Index (CPI) print at 3.8% means that inflation is now higher than the yield on the US 3-Month Treasury at 3.696%. If yields on short-dated US Treasuries are negative, investors will likely seek other fast-moving opportunities to protect their funds from inflationary pressures. According to Visser, the negative yield environment comes at a time when Bitcoin is trying to break out of its 200-day moving average.…

A former head of technical and market analysis at Bank of America believes the S&P 500 could soar to astronomical levels in the coming years before sparking a major downturn. In a new Bloomberg interview, Wall Street veteran Mary Ann Bartels says she expects the current secular bull market in equities to last until the end of the decade. According to Bartels, investors have a few more years to ride an “amazing wave” in stocks. “So secular bull markets last 15 to 20 years. We started a secular bull market in 2013. I’m estimating we’re going to end that cycle…

A new study from researchers at Carnegie Mellon University, the University of Oxford, UCLA and MIT is raising fresh concerns about what happens to human problem-solving capacity after even brief exposure to AI assistance. The study finds that people who used AI assistance performed significantly worse and were significantly more likely to give up once the AI was removed, compared to participants who never had access to it. In the first experiment involving fraction arithmetic, participants in the AI condition had a significantly lower solve rate than those in the control group and were nearly twice as likely to skip…

Morgan Stanley says mega-cap tech firms are on track to pour nearly $1 trillion into AI spending this year, regardless of rising prices in infrastructure material and equipment. In a new episode of Morgan Stanley’s Thoughts on the Market podcast, Andrew Sheets, global head of fixed income research, says US tech giants are now price-insensitive and willing to sustain their massive AI spending, despite soaring costs. “We estimate about $800 billion of investment by large US technology companies this year, almost double their spending last year and triple their spending in 2024. But it’s not just the size, it’s the…