Company - OpenAI will begin testing advertisements in ChatGPT to seek new revenue sources [5] - Google has requested a U.S. judge to postpone the order to share data during its appeal [5] - JPMorgan has surpassed Dimensional to become the world's largest active ETF company [6] - Fannie Mae and Freddie Mac continue to decline, raising concerns about their IPO prospects [6] - Spotify plans to generate significant profits through another price increase [6] Industry - The U.S. housing builder confidence index has dropped to 37 in January, marking the first decline in five months and falling below all estimates [5] - The U.S. manufacturing output is expected to grow in the last few months of 2025 [5] - The job market remains a concern, with the Federal Reserve advised to prepare for potential rate cuts [6] - The artificial intelligence sector is accelerating job reductions in key global industries [6] - Oil prices have slightly recovered, but traders remain cautious about risks related to Iran [6]

Key Points Within the Magnificent Seven, Alphabet and Nvidia performed the best in 2025. Now, the question is whether the outperformers or underperformers in the group will rise in 2026. While many investors are more cautious on this group, Wall Street analysts still see plenty of room to run for most. 10 stocks we like better than Nvidia › The "Magnificent Seven" stocks had a fascinating year in 2025. Despite being at the center of most market-related conversations and consuming over one-third ...

Core Insights - OpenAI is aggressively expanding its partnerships with chipmakers to secure processing power for its AI technology, with a recent $10 billion deal with Cerebras marking a significant step in this direction [2][17] - The company has committed over $1.4 trillion to infrastructure deals with major players like Nvidia, AMD, and Broadcom, aiming for a $500 billion private market valuation [3] - Nvidia remains a key partner, having invested $100 billion to support OpenAI's infrastructure, which includes a project to deploy 10 gigawatts of Nvidia systems [5][6] Nvidia - OpenAI has relied on Nvidia's GPUs since its inception, and the partnership has deepened with Nvidia's commitment of $100 billion to support OpenAI's infrastructure [4][5] - The first phase of the Nvidia project is expected to come online in the second half of the year, although there are uncertainties regarding the progression of the agreement [7] - Nvidia's investment will be deployed upon the completion of the first gigawatt of power [8] AMD - OpenAI plans to deploy six gigawatts of AMD's GPUs over multiple years, with AMD issuing a warrant for up to 160 million shares, potentially giving OpenAI a 10% stake in AMD [10] - The first gigawatt of AMD chips is expected to roll out in the second half of 2026, with the deal valued in the billions [11] Broadcom - OpenAI and Broadcom have agreed to deploy 10 gigawatts of custom AI accelerators, with the project expected to be completed by the end of 2029 [14] - Broadcom's CEO has indicated that significant revenue from this partnership is not anticipated in 2026, framing it as a long-term collaboration [15] Cerebras - OpenAI's recent agreement with Cerebras involves deploying 750 megawatts of AI chips, with the deal valued at over $10 billion [16][17] - Cerebras' chips are designed to deliver responses up to 15 times faster than traditional GPU systems, positioning the company for potential public market entry [17] Potential Partners - OpenAI has signed a $38 billion cloud deal with Amazon Web Services, which includes plans for additional infrastructure development [20] - Discussions are ongoing for Amazon to potentially invest over $10 billion in OpenAI, although no official decisions have been made [21] - Google Cloud provides computing capacity to OpenAI, but OpenAI has no plans to utilize Google's in-house chips [22] - Intel, which has lagged in AI chip development, is working on a new data center GPU designed for AI workloads, with customer sampling expected in late 2026 [24]

Core Viewpoint - The discussion centers on which AI stock among Alphabet, Microsoft, and Nvidia is likely to be the biggest winner by 2026, with Nvidia being highlighted as the top pick due to its strong demand for its Blackwell architecture and leadership in the AI hardware market [3][6]. Group 1: Company Performance - Nvidia has shown remarkable growth with significant gains in 2023 and 2024, and an expected growth of approximately 35% in 2025 [4]. - Alphabet is regaining momentum through strong AI product releases, while Microsoft is experiencing accelerated growth in its Azure cloud services [6]. Group 2: Market Demand and Supply - Nvidia's Blackwell architecture is facing overwhelming demand and remains supply constrained as new data centers are being built globally [3][6]. - The ongoing construction of data centers indicates that the AI cycle is still in its early stages, suggesting continued demand for Nvidia's products [4]. Group 3: Investment Outlook - Nvidia is favored for its valuation and long-term leadership, with a strong need for its Blackwell chips as data centers expand to meet demand [6]. - Analysts suggest that even a 20% to 30% return in 2026 would be outstanding for Nvidia, reinforcing its position as a desirable investment [4].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, indicating a looming crisis in power supply as AI continues to grow [2][3] Investment Opportunity - A specific company is presented as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for supporting the increasing energy needs of AI data centers [3][7] - This company is described as a "toll booth" operator in the AI energy boom, benefiting from the surge in demand for electricity driven by AI advancements [4][5] Market Position - The company is noted for its unique position in the market, being involved in nuclear energy infrastructure and capable of executing large-scale engineering projects across various energy sectors [7][8] - It is highlighted that the company is debt-free and has significant cash reserves, equating to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened by debt [8][10] Growth Potential - The company also holds a substantial equity stake in another AI-related venture, providing investors with indirect exposure to multiple growth opportunities in the AI sector [9][10] - The stock is characterized as undervalued, trading at less than seven times earnings, which presents a compelling investment case given its ties to the rapidly growing AI and energy markets [10][11] Industry Trends - The article discusses the broader trends of onshoring and increased U.S. LNG exports, driven by political policies, which further enhance the company's strategic importance in the energy landscape [6][14] - The influx of talent into the AI sector is noted, ensuring continuous innovation and advancements, which will likely drive further demand for energy [12]

Core Insights - Meta Platforms has shown exceptional performance compared to its hyperscaler peers including Apple, Amazon, Alphabet, and Microsoft [1] Group 1 - Meta Platforms is categorized as a hyperscaler alongside major tech companies [1] - The performance of Meta Platforms is highlighted as outstanding in comparison to its peers [1]

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences across the company [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a major shift in the global economy driven by AI innovation [2] - Major consulting firms like PwC and McKinsey recognize the potential of AI to unlock multi-trillion-dollar opportunities, supporting the ambitious market valuation [3] Company and Industry Analysis - A breakthrough in AI technology is redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, suggesting that it could be a significant investment opportunity [4] - Prominent figures in technology and finance, including Bill Gates and Warren Buffett, are expressing strong support for AI, highlighting its potential to impact various sectors positively [8]

Group 1 - Alphabet Inc. is currently viewed as a leading player in the AI sector, particularly with its Gemini 3 AI platform, which is seen as a competitor to ChatGPT [2] - The company's stock performance was strong last year, increasing by approximately 65%, largely unaffected by antitrust trials [2] - Alphabet's commitment to clean energy for its data centers is highlighted, contrasting with other tech companies like Microsoft and Meta Platforms [1] Group 2 - The company provides a range of tech-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play [2] - There is a suggestion that while Alphabet has potential as an investment, other AI stocks may offer greater upside potential with less downside risk [2]

Key Points Alphabet topped $100 billion in revenue in Q3 2025 and had $24.5 billion in free cash flow. Its robust finances enable it to invest heavily in AI. Alphabet's full-stack AI approach is a key competitive advantage that could help it outperform the market. 10 stocks we like better than Alphabet › The tech sector is home to several of the largest publicly traded companies. One of the most successful is Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), which recently reached a market cap of $4 trilli ...

Market Overview - The market this week was driven by two main themes: the investigation rumors surrounding Federal Reserve Chairman Jerome Powell and the fluctuating geopolitical situation regarding Iran, impacting gold, silver, and oil prices [2][3] - The US dollar index faced initial pressure due to political uncertainty but later strengthened, supported by better-than-expected economic data and reduced rate cut expectations, aiming for a third consecutive week of gains [2] - Gold prices reached a historical high of $4642.85 per ounce before settling at $4583 per ounce, while silver peaked at nearly $93.70 per ounce, marking a nearly 30% increase this year [3] Federal Reserve Insights - Concerns over the independence of the Federal Reserve have led to speculation that it may adopt a more hawkish stance, as indicated by various financial institutions [5] - Multiple Federal Reserve officials emphasized the need to maintain independence and base decisions on data rather than political pressure, with some suggesting that current economic data does not support immediate rate cuts [12][13] Geopolitical Developments - The geopolitical situation in Iran has seen a temporary easing, with the US indicating a reduced likelihood of large-scale military action, although military readiness remains [14][15] - Diplomatic efforts from Middle Eastern countries have contributed to the de-escalation of tensions, with the US maintaining a stance of observing Iran's actions closely [15] Investment Strategies - The introduction of dynamic margin requirements for precious metals by CME is expected to increase market volatility, particularly affecting high-leverage traders [16] - The National Grid of China plans to invest 4 trillion yuan in the construction of a new power system during the 14th Five-Year Plan, marking a 40% increase from the previous plan [21] Corporate Earnings - Major banks such as Goldman Sachs and Morgan Stanley reported strong quarterly earnings, driven by a rebound in investment banking activities and robust trading revenues [27] - TSMC reported a record net profit of NT$505.7 billion (approximately $16 billion) for Q4 2025, with a 35% year-on-year increase, attributed to strong demand for AI-related chips [24]