Economist Justin Wolfers has issued a stark warning that white-collar professionals are now facing their “Detroit auto worker” moment due to the rise of artificial intelligence (AI).AI Is Coming For Cognitive JobsSpeaking on MSNBC, Wolfers argued that, unlike every major technological shift in the past, AI is the first to replace cognitive work rather than manual labor.“Almost every previous technological revolution—the plow, the steam engine, electricity—has been technology… doing the work of brawn, of mus ...

U.S. stock futures advanced on Monday after Friday’s mixed close. Futures of major benchmark indices were higher.Even as the full resumption of post-shutdown economic data remains uncertain, investors will receive the long-awaited September jobs report on Thursday, according to the BLS website.This delayed report offers a crucial snapshot of the labor market, especially as recent caution from Fed officials has cast doubt on a rate cut next month.Additionally, investors await Nvidia Corp.‘s (NASDAQ:NVDA) ear ...

U.S. stock futures advanced on Monday after Friday’s mixed close. Futures of major benchmark indices were higher.Even as the full resumption of post-shutdown economic data remains uncertain, investors will receive the long-awaited September jobs report on Thursday, according to the BLS website.This delayed report offers a crucial snapshot of the labor market, especially as recent caution from Fed officials has cast doubt on a rate cut next month.Additionally, investors await Nvidia Corp.‘s (NASDAQ:NVDA) ear ...

Legendary investor Howard Marks has drawn powerful parallels between the current market excitement over artificial intelligence (AI) and the 1999 dot-com bubble, warning that it's nearly impossible to know who the long-term winners will be.Market Has Gone From ‘Elevated’ To ‘Worrisome’Speaking with 3PROTV’s Global Money Talk in South Korea, the Co-Chairman of Oaktree Capital Management said the U.S. stock market has moved from “elevated to worrisome.”However, he stopped short of calling it a full-blown bubb ...

Group 1 - Investor Steve Eisman disagrees with Michael Burry's concerns regarding the accounting practices of major technology companies related to their AI infrastructure spending, suggesting the issue is not as significant as Burry claims [1][2][5] - Burry has raised alarms about companies like Meta Platforms Inc. and Oracle Corp. potentially overstating their earnings by 26.9% and 20.8% respectively by 2028 due to changes in depreciation schedules [4][5] - Eisman acknowledges Burry's calculations but believes that the long-term impact of these accounting changes on AI investments will not be meaningful [5][6] Group 2 - The critical question surrounding AI spending is the returns and cost savings that these substantial investments will generate, which remains uncertain for the time being [6] - Burry has expressed dissatisfaction with the performance of his hedge fund, Scion Asset Management, indicating a disconnect with market trends and valuations [6][7] - Burry has hinted at a new development set to begin on November 25, 2025, suggesting a shift in focus to "much better things" [7]

Paul Singer's Elliott Investment Management has significantly changed its market hedges, increasing its bearish bet against gold miners while establishing a new bullish position on the Nasdaq 100, according to its third-quarter 13F filing released Friday.Singer Bets Against Gold Miners While Loading Up On QQQThe 13F filing, which details the firm’s holdings as of Sept. 30, 2025, reveals a complex outlook on the market. Elliott dramatically increased its put position on the VanEck Gold Miners ETF (NYSE:GDX) ...

Shares of Quantum Computing Inc. (NASDAQ:QUBT) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results.Quantum Computing posted quarterly earnings of 1 cent per share, compared to market estimates of loss of 6 cents per share. The company's quarterly sales came in at $384.000K, beating expectations of $116.667K.Quantum Computing shares jumped 23.5% to $13.09 in the pre-market trading session.Here are some other stocks moving in pre-market trading.Ga ...

A small-cap AI stock that is taking on the likes of Microsoft Corp.’s (NASDAQ:MSFT) Power Apps, with its low/no-code, AI-powered business process management solution, is beginning to heat up, with its Momentum scores surging in Benzinga’s Edge Stock Rankings.The stock in question is Appian Corp. (NASDAQ:APPN) , which allows businesses to build apps to power and optimize internal processes.Microsoft Challenger Sees Momentum Scores SurgeThe Momentum score in Benzinga’s Edge Rankings assesses the relative stre ...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Sunday said that the EV giant held back on its AI training efforts as it wasn't a hurdle in the development of its Full Self-Driving (FSD) technology in the past.Tesla Customers Paying For Inference Compute CapexTaking to the social media platform X on Sunday, investment firm Atreides Management's investor Gavin Baker responded to investor Jim Chanos' criticism of Tesla and its spending on AI.Baker highlighted that Tesla customers were effectively paying for inferen ...

Billionaire Peter Thiel has sold his entire stake in Nvidia Corporation (NASDAQ:NVDA) and significantly cut his holdings in Tesla Inc. (NASDAQ:TSLA) , apparently amid growing apprehensions of a potential AI bubble.Apple, Microsoft Replace Nvidia Thiel offloaded approximately 537,742 Nvidia shares during the July-September period, according to a Form 13F filing from his Thiel Macro fund. The filing confirmed that Thiel held no Nvidia shares as of September 30.Additionally, Thiel reduced his Tesla stake to 65 ...