Google plans to spend up to $185 billion this year, and analysts say its data-center suppliers stand to benefit. ...

Bitcoin prices fell below $70,000 a coin on Thursday as a painful crypto rout deepened, sending the price of the pioneering digital asset to its lowest level in 15 months. ...

Core Viewpoint - Peloton is experiencing significant financial difficulties, reporting quarterly losses and a decline in connected-fitness subscriptions to their lowest level in over four years [1] Group 1: Financial Performance - Peloton reported quarterly losses again, marking a continuation of financial struggles [1] - Sales have decreased for six consecutive quarters, indicating a persistent downward trend [1] - The number of connected-fitness subscriptions has fallen to the lowest level in more than four years, reflecting a decline in user engagement [1] Group 2: Management Changes - The company announced that Chief Financial Officer Liz Coddington will be leaving after approximately four years with Peloton [1] - This management change comes a year after CEO Peter Stern took charge, suggesting ongoing challenges in executing a successful turnaround strategy [1]

Group 1 - Mark Hulbert is a columnist for MarketWatch, providing insights on investment newsletters [1] - The Hulbert Ratings service tracks investment newsletters that pay a flat fee for auditing [1]

Core Viewpoint - The traditional investment strategy of buying the S&P 500 and holding it is currently considered one of the worst stock-market strategies due to its heavy concentration in technology stocks [1] Group 1 - The S&P 500 is now viewed as a concentrated technology fund, with tech holdings significantly higher than what is deemed prudent [1]

Core Viewpoint - Muddy Waters' CEO Carson Block advises investors to be patient before attempting to short the AI revolution, indicating that the current market dynamics may not favor short-selling strategies at this time [1] Group 1 - The AI sector is experiencing significant growth, attracting considerable investor interest and leading to inflated valuations [1] - Block emphasizes the importance of timing in short-selling, suggesting that the market may not yet be ready for such strategies against AI companies [1] - The commentary reflects a cautious approach towards the AI market, highlighting the potential for volatility and the need for careful analysis before making investment decisions [1]

High beta momentum names dive amid tech rout ...

Core Viewpoint - A JPMorgan strategist has made a contrarian call, suggesting that bitcoin is now more appealing than gold following a significant increase in gold's price [1] Group 1 - The strategist's view indicates a shift in investment preference from traditional assets like gold to cryptocurrencies, particularly bitcoin [1] - The surge in gold prices has prompted this reevaluation, highlighting the changing dynamics in the investment landscape [1]

Core Viewpoint - Silver futures experienced a significant decline, falling as much as 13% late Wednesday, indicating ongoing volatility in the precious metals market [1] Group 1 - The decline in silver futures reflects broader volatility within the precious metals complex [1]

Core Viewpoint - Arm Holdings' stock declined despite reporting strong earnings, indicating that investor expectations for AI companies are exceptionally high in the current market environment [1] Earnings Results - Arm reported revenue of $1.24 billion for the fiscal third quarter, representing a 26% increase from the previous year and slightly exceeding analyst expectations of $1.23 billion [1] - Adjusted earnings per share were 43 cents, surpassing the FactSet consensus of 41 cents [1] Market Context - The decline in Arm's stock post-earnings reflects a broader trend where investors are scrutinizing AI companies more rigorously [1] - CEO Rene Haas mentioned that memory shortages could have a minor impact on the business, highlighting potential supply chain challenges [1]