Temasek's chief investment officer Rohit Sipahimalani said at the Milken Institute Asia Summit that a reversal of the AI trade is the biggest risk facing markets, though he doesn't see it as imminent and flagged possible 'bumps' in 2027. He noted that while the S&P 500 sits near record highs on AI-driven earnings momentum, roughly half of Russell 3000 stocks are at least 20% below their June peaks. Temasek remains bullish on AI long-term and is shifting more of its AI exposure toward publicly traded assets, aiming for 70-75% from about 50% currently.
cnbc.com
· 2026-10-07
Micron Technology reported fiscal fourth-quarter results that exceeded Wall Street expectations on both revenue and earnings, driven by an 11-fold jump in data center revenue. The chipmaker also issued stronger-than-expected guidance for the current quarter, though shares dipped slightly in premarket trading despite the beat.
cnbc.com
· 2026-10-01
CNBC's Jim Cramer said on 'Mad Money' that public sentiment has shifted against AI companies and their products, arguing that industry proponents have been slow to respond. He cited rising concerns over electricity costs, water use and job displacement, alongside a leaked Anthropic IPO document warning of 'catastrophic or existential risk' and OpenAI's delay of its next model over safety concerns.
cnbc.com
· 2026-09-29
Warren Buffett announced he is stepping down as chairman of Berkshire Hathaway after more than six decades at the helm, transitioning to the role of chairman emeritus while remaining on the board. His son Howard Buffett will take over as chairman, following Greg Abel's earlier appointment as CEO less than a year ago. Buffett, 96, cited his age in a shareholder letter while expressing confidence in Berkshire's future.
cnbc.com
· 2026-09-18
Major U.S. indexes closed lower for the week as crude oil topped $100 a barrel amid U.S.-Iran tensions and the 10-year Treasury yield hit its highest level since October 2023, reviving fears the Fed will raise rates again. The Dow fell 1.6%, while the S&P 500 and Nasdaq dropped 0.8% and 0.7% respectively, despite a Friday rebound. Inflation readings from the producer and consumer price indexes came in largely as expected, but portfolio holdings Meta and Apple offered upbeat signals about their AI prospects.
cnbc.com
· 2026-09-12
Nvidia posted stronger-than-expected fiscal second-quarter results and issued a bullish forward outlook, reinforcing confidence that AI infrastructure spending remains robust. On the earnings call, Nvidia disclosed that Amazon will buy an additional 2 million of its GPUs in 2027 and 2028 even as it builds its own AI chips, and the strong report helped push the Nasdaq, S&P 500 and Dow to their best trading day since early August.
cnbc.com
· 2026-08-29
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