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Market pullback ahead? Dryden Pence says buy these stocks on a dip

Market pullback ahead? Dryden Pence says buy these stocks on a dip

Dryden Pence, CIO of Pence Capital Management explains why he sees a pullback ahead—revealing the stocks he’d add on a dip.
TheStreet TheStreet
Bank of America doubles down on Nvidia stock despite big risk

Bank of America doubles down on Nvidia stock despite big risk

One growing concern is not shaking the bank’s conviction
Reuters Reuters
Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

By Anhata Rooprai Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has offered the search giant the right to buy a potential $12.2 billion stake, the latest deal in which Big Tech is investing in the suppliers powering its AI build-out.
The Columbus Dispatch The Columbus Dispatch
OpenAI to give Ohio college, tech students AI tools through development deal

OpenAI to give Ohio college, tech students AI tools through development deal

OpenAI will give college students $100 in credits for AI tools as part of a deal to lease energy from a massive data center in Pike County.
Reuters Reuters
The new kingmakers: Crypto, AI and betting firms fuel record spending on the 2026 midterms

The new kingmakers: Crypto, AI and betting firms fuel record spending on the 2026 midterms

By Dawn Kopecki NEW YORK, Aug 20 (Reuters) - A handful of billionaires and companies are driving corporate spending in U.S. midterm elections this year, and they aren’t the usual power brokers who have sat atop the political food chain in Washington in previous decades.
Reuters Reuters
Nasdaq futures gain as tech stocks climb

Nasdaq futures gain as tech stocks climb

Aug 17 (Reuters) - Nasdaq and S&P 500 futures rose on Monday, boosted as a strong revenue forecast from AI leader Anthropic supported technology stocks, while investors weighed the prospect of fewer interest-rate hikes against Middle East tensions.
Reuters Reuters
S&P on track for muted open as Middle East tensions weigh; AI stocks boost Nasdaq

S&P on track for muted open as Middle East tensions weigh; AI stocks boost Nasdaq

By Avinash P and Purvi Agarwal Aug 17 (Reuters) - The S&P 500 was set to open subdued on Monday as markets weighed the prospect of fewer interest-rate hikes against Middle East tensions, while the report of a strong revenue forecast from AI lab Anthropic put the Nasdaq on course for a higher open.
TheStreet TheStreet
Nvidia just took a very serious step on SpaceX stock

Nvidia just took a very serious step on SpaceX stock

There is a version of the AI trade that everyone can see. Nvidia sells chips. Hyperscalers buy chips. The money flows one direction. It's a clean story. The SEC filing Nvidia dropped on August 14 tells a different version of that story, one where the chip supplier is also one of the largest ...
Reuters Reuters
Wall Street indexes slip as oil prices rise, retail results awaited

Wall Street indexes slip as oil prices rise, retail results awaited

(Removes first bullet point which contained old information) By Sinéad Carew and Avinash P Aug 17 (Reuters) - Wall Street's three major indexes fell on Monday as investors waited for quarterly reports from large retailers to provide insights into U.S. consumer spending, while oil prices rose as the
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Analysis-Big investors hunt for tomorrow's AI winners as capex angst fades

Analysis-Big investors hunt for tomorrow's AI winners as capex angst fades

By Danilo Masoni MILAN, Aug 17 (Reuters) - The rally in AI-linked stocks that marked the latest earnings season has shifted the focus of the AI investment story from whether Big Tech's spending spree will pay off to the kind of companies that will deliver returns over the longer term, investors say.
The Columbus Dispatch The Columbus Dispatch
OpenAI commits to massive buildout of Pike County data center campus.

OpenAI commits to massive buildout of Pike County data center campus.

Japanese-owned SB Energy, U.S. Department of Energy and Calif.-based Nvidia will partner with Open AI, a leader in artificial intelligence development.
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European Central Bank Blog Predicts U.S. Tech Stock Correction Amid AI Enthusiasm

European Central Bank Blog Predicts U.S. Tech Stock Correction Amid AI Enthusiasm

European Central Bank Blog Predicts U.S. Tech Stock Correction Amid AI Enthusiasm