A chorus of market commentators has proclaimed that the Magnificent Seven cohort is dead, and Bill Smead joins the funeral. In an interview with Business Insider on Tuesday, Smead, who manages the Smead Value Fund (SMVLX), which, according to Morningstar data, has outperformed 98% of similar funds over the past 15 years, said Mag 7
OpenAI announced Wednesday that it will spend $750 billion on infrastructure through 2030, about 25% more than it estimated earlier this year, The Wall Street Journal reported. The renewed blitz comes as its Stargate data center project appears to have stalled. The first salvo in OpenAI’s spending spree will be a $20 billion data center
However, the deal is already facing criticism in Israel and the United States. When news of the deal emerged on Wednesday, some Israeli politicians argued that Saudi Arabia could become a new nuclear threat in the region. Israel is widely believed to have nuclear weapons, although it has not publicly acknowledged this, and joined the
Spanish-language media giant TelevisaUnivision said it posted a loss in the second quarter despite an increase in revenue from its rights to broadcast the World Cup in Mexico, a sign of the challenges continued to face the company, formed from the combination of Univision in the United States and Grupo Televisa in Mexico. The company
Shhh…shut up. The stock market is trying to tell us something. The message begins with the chipmaker sector, which saw an electrifying surge of more than 100% in 2026 before hitting a wall in recent weeks. That selloff coincided with a rally in hyperscalers, which have forged a kind of market rivalry with chipmakers. But
White House science adviser Michael Kratsios said Moonshot, the Chinese company behind the Kimi K3, the largest open-weight LLM available, built its model by copying Anthropic’s Fable LLM while using chips that are not authorized for export to China. “Large-scale covert industrial distillation aimed at stealing patented American technology and undermining American research is unacceptable,”
