Data: FactSet; Chart: Matt Phillips/Axios The momentum trade is having a terrible start to the second half. Why it matters: Momentum shares drove the market gains early in the year, and it will be harder for the rally to continue without their participation. How it works: Momentum is one of the "factors" some mathematically minded investors, known as quants , use to describe and organize the market according to certain well-understood market trends. - Momentum stocks are defined, more or less, as shares that have been going up — and outperforming the broader market — for roughly a year. - The academic research that quantitative investing is based on has found that such trends have a tendency to persist. - In other words, a momentum…
Data: FactSet; Chart: Matt Phillips/Axios The momentum trade is having a terrible start to the second half. Why it matters: Momentum shares drove the market gains early in the year, and it will be harder for the rally to continue without their participation. How it works: Momentum is one of the "factors" some mathematically minded investors, known as quants , use to describe and organize the market according to certain well-understood market trends. - Momentum stocks are defined, more or less, as shares that have been going up — and outperforming the broader market — for roughly a year. - The academic research that quantitative investing is based on has found that such trends have a tendency to persist. - In other words, a momentum…Open
OpenAI may give the U.S. government a 5% stake in the company, per the Financial Times . The proposal is in very preliminary conversations, according to a person familiar with the matter. Why it matters: If the overture is taken up by the Trump administration, that would mean the government would have a vested interest in weighing whether or not to limit the release of an OpenAI model. Catch up quick: OpenAI views the potential government stake as a way to give the general public a share of the upside of AI, and CEO Sam Altman has previously shared with Axios his interest in some sort of public wealth fund. - The goal is to include other AI labs giving over a similar stake. - This could look like including shares in Trump accounts or…
OpenAI may give the U.S. government a 5% stake in the company, per the Financial Times . The proposal is in very preliminary conversations, according to a person familiar with the matter. Why it matters: If the overture is taken up by the Trump administration, that would mean the government would have a vested interest in weighing whether or not to limit the release of an OpenAI model. Catch up quick: OpenAI views the potential government stake as a way to give the general public a share of the upside of AI, and CEO Sam Altman has previously shared with Axios his interest in some sort of public wealth fund. - The goal is to include other AI labs giving over a similar stake. - This could look like including shares in Trump accounts or…Open
Vice President JD Vance headlined an RNC fundraiser on Thursday night in Palo Alto, California, at the residence of influential investor and All-In Podcast host Chamath Palihapitiya , raking in $4.2 million for the Republican Party, a source familiar with the dinner tells Axios. Why it matters: Vance, who worked in venture capital before becoming a U.S. senator from Ohio, has always had strong ties to Silicon Valley and the tech world. The dinner was co-hosted by John Underwood of Goldman Sachs. Attendees included Coinbase co-founder and CEO Brian Armstrong , a popular voice of economic freedom on X, and Intel CEO Lip-Bu Tan . - About two dozen supporters paid $250,000 each. Between the lines: Vance's hat as RNC finance chair is helping…
Vice President JD Vance headlined an RNC fundraiser on Thursday night in Palo Alto, California, at the residence of influential investor and All-In Podcast host Chamath Palihapitiya , raking in $4.2 million for the Republican Party, a source familiar with the dinner tells Axios. Why it matters: Vance, who worked in venture capital before becoming a U.S. senator from Ohio, has always had strong ties to Silicon Valley and the tech world. The dinner was co-hosted by John Underwood of Goldman Sachs. Attendees included Coinbase co-founder and CEO Brian Armstrong , a popular voice of economic freedom on X, and Intel CEO Lip-Bu Tan . - About two dozen supporters paid $250,000 each. Between the lines: Vance's hat as RNC finance chair is helping…Open
Vice President JD Vance headlined an RNC fundraiser on Thursday night in Palo Alto, California, at the residence of influential investor and All-In Podcast host Chamath Palihapitiya , raking in $4.2 million for the Republican Party, a source familiar with the dinner tells Axios. Why it matters: Vance, who worked in venture capital before becoming a U.S. senator from Ohio, has always had strong ties to Silicon Valley and the tech world. The dinner was co-hosted by John Underwood of Goldman Sachs. Attendees included Coinbase co-founder and CEO Brian Armstrong , a popular voice of economic freedom on X, and Intel CEO Lip-Bu Tan . - About two dozen supporters paid $250,000 each. Between the lines: Vance's hat as RNC finance chair is helping…
Vice President JD Vance headlined an RNC fundraiser on Thursday night in Palo Alto, California, at the residence of influential investor and All-In Podcast host Chamath Palihapitiya , raking in $4.2 million for the Republican Party, a source familiar with the dinner tells Axios. Why it matters: Vance, who worked in venture capital before becoming a U.S. senator from Ohio, has always had strong ties to Silicon Valley and the tech world. The dinner was co-hosted by John Underwood of Goldman Sachs. Attendees included Coinbase co-founder and CEO Brian Armstrong , a popular voice of economic freedom on X, and Intel CEO Lip-Bu Tan . - About two dozen supporters paid $250,000 each. Between the lines: Vance's hat as RNC finance chair is helping…Open
It is the centerpiece of President Trump’s drive to make more chips in the United States, but the company still has a long way to go before it can be called a complete turnaround.
President Trump is pursuing a Bernie-like interest in having the U.S. government take stakes in AI giants — not out of populism, but with a dealmaker's eye for profit. Why it matters: Having the government take equity in private companies — anathema to free-market capitalism and Republican dogma about "picking winners and losers" — has become a defining feature of Trump's second term. - The U.S. government now owns shares of chipmakers, miners and quantum computing companies, often taking a stake in exchange for federal money that was originally meant to come with no ownership strings attached. - Trump said Friday that he "should be a stockbroker," pointing to his administration's recent deal to take a stake in Intel. By the…
President Trump is pursuing a Bernie-like interest in having the U.S. government take stakes in AI giants — not out of populism, but with a dealmaker's eye for profit. Why it matters: Having the government take equity in private companies — anathema to free-market capitalism and Republican dogma about "picking winners and losers" — has become a defining feature of Trump's second term. - The U.S. government now owns shares of chipmakers, miners and quantum computing companies, often taking a stake in exchange for federal money that was originally meant to come with no ownership strings attached. - Trump said Friday that he "should be a stockbroker," pointing to his administration's recent deal to take a stake in Intel. By the…Open
The company best known for powering the AI boom is coming for the PC: Nvidia is expected next week to debut the first Windows computers that use its chips as the main processor, sources confirm to Axios. Why it matters: Microsoft's first AI PC push stumbled , but Nvidia's arrival gives it a second chance, this time with the world's hottest chipmaker attached. Driving the news: Nvidia and Microsoft will unveil their joint work and the first computers running the chips at two key industry conferences — the Computex trade show in Taiwan and Microsoft's Build developer conference in San Francisco. - Nvidia-powered PCs are expected both from Microsoft's homegrown Surface brand as well as other computer makers, including Dell, sources…
The company best known for powering the AI boom is coming for the PC: Nvidia is expected next week to debut the first Windows computers that use its chips as the main processor, sources confirm to Axios. Why it matters: Microsoft's first AI PC push stumbled , but Nvidia's arrival gives it a second chance, this time with the world's hottest chipmaker attached. Driving the news: Nvidia and Microsoft will unveil their joint work and the first computers running the chips at two key industry conferences — the Computex trade show in Taiwan and Microsoft's Build developer conference in San Francisco. - Nvidia-powered PCs are expected both from Microsoft's homegrown Surface brand as well as other computer makers, including Dell, sources…Open