U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:30 AM EDTCadence Design Systems (CDNS) added $22.24 to an all-time high at $356.00 after reporting higher than consensus second quarter results. The company also raised guidance. Whirlpool (WHR) dropped 12.91 to $85.00 after reporting less than consensus second quarter revenues and earnings. Nucor (NUE)...Read More
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AI spending now tops 10% of GDP, echoing the rail boom frenzy. #AIBoom #TechInvestment #GDP #NiallFerguson ...Read More
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America is in the midst of a fierce contest with China for AI supremacy.China is getting closer in terms of AI model quality. The latest models from DeepSeek, Alibaba, and Moonshot are competitive with the best OpenAI, Anthropic, and Google have to offer.American firms are still putting out the best models in the world, but the code quality competition is heating up.The good news is that the U.S....Read More
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