ABCNEWS - What to know about the AI chip stock selloff
Shares of artificial intelligence chipmakers continued to slide on Friday.
AXIOS (Matt Phillips) - What the momentum trade tells us about the stock market
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
AXIOS (Mike Zapler) - How the Anthropic saga could threaten American AI dominance
The Trump administration says it wants American AI to dominate the world. - But its decision to force Anthropic to abruptly cut off access to one of its most advanced models risks sending foreign governments and companies a very different message: Don't build your future on U.S. AI. Why it matters: As the Trump administration shapes its AI regulatory regime in real time, the precedents it sets could reverberate far beyond an individual showdown with Anthropic. Catch up quick: The last month of AI policymaking has been a blur of zigs and zags by the administration. - First Trump delayed an executive order that would have created a voluntary reporting system for advanced AI releases. He said he didn't want to threaten America's lead over…
The Trump administration says it wants American AI to dominate the world. - But its decision to force Anthropic to abruptly cut off access to one of its most advanced models risks sending foreign governments and companies a very different message: Don't build your future on U.S. AI. Why it matters: As the Trump administration shapes its AI regulatory regime in real time, the precedents it sets could reverberate far beyond an individual showdown with Anthropic. Catch up quick: The last month of AI policymaking has been a blur of zigs and zags by the administration. - First Trump delayed an executive order that would have created a voluntary reporting system for advanced AI releases. He said he didn't want to threaten America's lead over…Open
NYTIMES (Meaghan Tobin) - Chinese A.I. Firms Push Beyond Nvidia as DeepSeek Turns to Huawei
Before this week’s U.S.-Chinese summit, Beijing reached a milestone in its quest for technological self-sufficiency.
AXIOS (Amy Harder) - Trump-branded AI data center megaproject stalls, CEO departs
The world's largest data center project — backed by Trump allies and bearing his name — is stalled by delays and logistical hurdles that could stop it before it even starts. - The latest sign of trouble emerged Friday: CEO Toby Neugebarger abruptly departed . That sent the company's shares, which already shed 75% in the last six months, plummeting in aftermarket trading. Why it matters: Fermi America, co-founded by President Trump's former Energy Secretary Rick Perry, is emerging as a high-profile test of whether the biggest, most ambitious AI infrastructure projects can deliver on their promises. Behind the scenes: In an interview with Axios on Thursday, Neugebarger defended the project while acknowledging some shortcomings. He gave…
The world's largest data center project — backed by Trump allies and bearing his name — is stalled by delays and logistical hurdles that could stop it before it even starts. - The latest sign of trouble emerged Friday: CEO Toby Neugebarger abruptly departed . That sent the company's shares, which already shed 75% in the last six months, plummeting in aftermarket trading. Why it matters: Fermi America, co-founded by President Trump's former Energy Secretary Rick Perry, is emerging as a high-profile test of whether the biggest, most ambitious AI infrastructure projects can deliver on their promises. Behind the scenes: In an interview with Axios on Thursday, Neugebarger defended the project while acknowledging some shortcomings. He gave…Open