Group 1 - Calpers has made significant adjustments to its investment portfolio, increasing its focus on artificial intelligence and clean energy [1][2] - The pension fund established a new position in Bloom Energy, purchasing 361,883 shares valued at approximately $30.6 million, which has since appreciated to about $341 million, reflecting a 326% increase in stock price this year [1] - Calpers also initiated a position in AeroVironment, acquiring 50,332 shares valued at around $15.8 million, with the current valuation slightly above $14 million, marking an 80% increase in stock price year-to-date [1] Group 2 - Calpers has significantly increased its holdings in Oracle, adding over 250,000 shares to reach a total of 3,021,454 shares, indicating confidence in the company's long-term competitiveness amid concerns over AI infrastructure spending [2] - The pension fund expanded its investments in major tech and AI beneficiary stocks, including increased holdings in Meta, Amazon, and Alphabet [2] - Notably, Calpers raised its stake in Nvidia from 64,728,856 shares to 66,062,378 shares, solidifying its position in a leading company in the AI sector [2] Group 3 - Calpers manages over $500 billion in assets for more than 2 million members, with a total portfolio value of $592.37 billion as of November 25, further establishing its status as a key long-term investor globally [3]

A federal judge on Wednesday granted Amazon.com a preliminary injunction to block the New York State Public Employment Relations Board from enforcing a new state law that the online retailer considers... ...

Core Insights - The discussion revolves around the current market dynamics, particularly focusing on the impact of interest rates, the performance of tech stocks, and the overall market correction that is perceived as a regular occurrence rather than a panic situation [8][16][20]. Market Dynamics - The U.S. stock market is experiencing high correlation among stocks, leading to questions about the relevance of individual stocks and ETFs [9]. - Concerns about a potential "AI bubble" are prevalent, but the focus should be on portfolio performance rather than labeling market conditions [8][7]. - The current market correction is viewed as a necessary adjustment, with many stocks, including tech, undergoing significant declines [16][10]. Stock Performance - Notable declines in stocks such as Nike (NKE) down 9%, Uber (UBER) down over 11%, and UnitedHealth Group (UNH) down 14% are highlighted, while some AI-related stocks like Nvidia (NVDA) and Micron (MU) have shown resilience [12][13][14]. - The performance of Nvidia is particularly noted, with a decline of only 14%, suggesting that it is not as overheated as perceived [14]. Economic Indicators - Labor market data indicates rising unemployment, contributing to uncertainty about the Federal Reserve's trajectory and potential rate cuts [21][22]. - The discussion emphasizes the disconnect between market performance and fundamental economic indicators, suggesting that the market may not reflect the underlying economic realities [19][18]. Investment Strategies - A contrarian approach is recommended, focusing on undervalued real assets and companies with solid fundamentals, such as Brookfield (BAM) and VICI Properties (VICI) [28][42]. - Risk management is emphasized, with suggestions to limit exposure to high-risk stocks and consider defensive strategies, including cash positions and bond ladders [60][61][70]. Future Outlook - The potential for a recession is debated, with some analysts suggesting that current market conditions do not necessarily indicate an impending recession, despite consumer sentiment reflecting otherwise [37][34]. - The importance of understanding market dynamics and the role of interest rates in shaping investor behavior is highlighted, with a call for more education on risk management strategies [73][56].

Amazon is warning its over 300 million customers to watch out for cybercriminals who are out in force this holiday season impersonating reps from the e-commerce giant — as the FBI said online crooks have stolen nearly $300 million by taking over victims’ accounts so far this year.The largest online retailer in the world recently emailed customers about criminals trying to “get access to sensitive information like personal or financial information or Amazon account details,” according to Forbes. The warning ...

This disruptive technology business has a strong position in multiple end markets.Amazon (AMZN +0.06%) started out as an online bookseller. But these days, it has evolved into a thriving tech titan with a presence in many industries. The business is massive, sporting a market cap of $2.4 trillion.The stock's long-term returns are magnificent. But they're not as impressive on a shorter time frame. If you bought $100 worth of Amazon shares five years ago, here's how much you'd have today. Amazon lags the S&P ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Behind me is the start of what will be the largest cluster of non-invidia chips in the world in Amazon's newest data center mega project now fully operational here in New Carile, Indiana. These seven completed buildings replaced empty cornfields fast [music] in about a year. Once completed, the project will connect hundreds of thousands of Amazon's own custom Tranium 2 chips and soon Tranium 3 across the US entirely devoted to running AI workloads for a single [music] customer.OpenAI rival Anthropic, backed ...

Core Viewpoint - Amazon's cloud and AI sectors are experiencing significant growth, which is being overlooked by the market following a recent stock pullback. The company's strong performance in Amazon Web Services (AWS) and partnerships with firms like Anthropic and OpenAI are key drivers of this momentum [1][2]. Group 1: AWS Performance and Growth - AWS has reported its fastest growth in nearly three years during the third quarter, indicating a robust demand for its services [2]. - The backlog for AWS grew by 22% year-over-year to $200 billion, with more bookings in October than in the entire third quarter, showcasing strong future demand [7]. Group 2: Partnerships and Strategic Initiatives - Amazon is expanding its partnership with Anthropic through Project Rainier, doubling Anthropic's access to Trainium 2 chips from about 500,000 to over one million by year-end, which is expected to generate around $9 billion in annual AWS revenue [6]. - A newly announced partnership with OpenAI includes a $38 billion, seven-year commitment to scale workloads on AWS infrastructure, further solidifying AWS's market position [7]. Group 3: Upcoming Developments and Expectations - The upcoming re:Invent conference is anticipated to provide important updates on AWS's AI strategy, including the timing and performance of the Trainium 3 AI chip, which is projected to deliver 40% better price-performance than its predecessor [4][5]. - Anmuth expects AWS growth to accelerate in 2026, potentially surpassing Microsoft Azure in quarterly revenue gains starting early 2026 [8]. Group 4: Investment Outlook - JP Morgan analyst Doug Anmuth maintains an Overweight rating on Amazon, projecting a price target of $305, and recommends buying the stock following its post-earnings dip, viewing it as a top pick for the upcoming year [1][9]. - Fourth-quarter revenue is projected at $212.67 billion with an adjusted EPS of $2.76, indicating strong financial performance [10].

24/7 Wall St. Quick Read JPMorgan just reiterated an outperform rating on Amazon, noting that the dip is an opportunity. Heading into earnings next week, Broadcom just saw a price target hike from Goldman Sachs. Analysts at Piper Sandler upgraded Oscar Health to an overweight rating with a price target of $25 from $13. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to ...

Amazon is facing a federal probe after one of its delivery drones downed an internet cable in central Texas last week. The probe comes as Amazon vies to expand drone deliveries to more pockets of the U.S. The incident occurred on Nov. 18 around 12:45 p.m. Central in Waco, Texas. After dropping off a package, one of Amazon’s MK30 drones was ascending out of a customer’s yard when one of its six propellers got tangled in a nearby internet cable, according to a video of the incident viewed and verified by CNBC ...