Primoris Services’ (NYSE: PRIM ) stock has risen 54.54% since the last time I wrote on the energy and utility construction firm in August. A big driver for the march upward for shares has been the immense (and increasing demand) forThis account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies ...

Hedge Fund Activity - Lone Pine Capital sold 364,426 shares of Microsoft, reducing the position by 18%, and bought 496,900 shares of Meta Platforms, increasing the position by 36%, making Meta the largest holding and Microsoft dropping from second to fifth [1] - Moore Capital Management sold 93,922 shares of Microsoft, cutting the stake by 70%, and bought 128,207 shares of Meta Platforms, increasing the position by 961%, making Meta the second-largest holding and Microsoft no longer in the top 50 [1] Microsoft - Microsoft's $13 billion investment in OpenAI is expected to result in a $1.5 billion drag on income in the current quarter, with the headwind likely to persist in the near term, but the company is entitled to a portion of OpenAI's earnings once profitability is reached [2] - Microsoft's AI business is expected to surpass an annual revenue run rate of $10 billion next quarter, four times faster than the cloud business reached the same milestone, with potential for AI revenue to grow tenfold to $100 billion annually in the future [3] - Microsoft reported Q1 fiscal 2025 revenue of $65 billion, up 16%, driven by strong momentum in enterprise software and cloud services, with GAAP net income increasing 10% to $3.30, but the stock declined due to concerns over aggressive AI investments and a 7% decline in free cash flow [10][12] - Microsoft trades at 36 times earnings, a premium to the five-year average of 33 times earnings, with a PEG ratio of 2.7, considered expensive as values above 2 are typically seen as overvalued [12] Meta Platforms - Meta Platforms reported Q3 revenue of $40 billion, up 19%, with operating margin expanding 3 percentage points and GAAP net income surging 37% to $6.03 per diluted share, despite the stock declining due to slower-than-expected active user growth [5] - Meta Platforms is the second-largest adtech company globally, projected to gain market share through 2026, and operates four of the seven most popular social media platforms, leveraging consumer data for targeted advertising [6][9] - Meta Platforms trades at 28 times earnings, a premium to the five-year average of 25.5 times earnings, but the valuation is attractive with expected earnings growth of 18% annually over the next three years, resulting in a PEG ratio of 1.6, making it cheaper than Microsoft [11] - Meta Platforms effectively uses AI to boost engagement, with AI-driven feed and video recommendations leading to an 8% increase in time spent on Facebook and a 6% increase on Instagram this year, and over a million brands using generative AI tools for ad content creation in the last month [13] Wall Street Sentiment - Wall Street is bullish on both Microsoft and Meta Platforms, with a consensus buy rating and median target prices implying at least 10% upside as of Dec 27, though hedge fund billionaires sold Microsoft and bought Meta Platforms in Q3, underperforming the S&P 500 over the last three years [8]

Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry's AI ambitions driving much of the surge.Data centers powering AI and cloud computing could soon grow so large that they could use more electricity than entire cities.As leaders in the AI race push for further technological advancements and deployment, many are fin ...

Key TakeawaysArtificial intelligence startup OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a for-profit structure next year. The ChatGPT maker said its existing for-profit division will become a corporation with ordinary shares of stock.It plans to maintain a non-profit arm that will undertake charitable initiatives. Artificial intelligence (AI) startup OpenAI said Friday it needs to raise more money than expected to meet its goals, and laid out plans ...

In this articleMSFTSam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup."The hundreds of billions of do ...

AGI Definition and Agreement - OpenAI and Microsoft define AGI as a system capable of generating $100 billion in profits [1][6] - OpenAI publicly defines AGI as a highly autonomous system outperforming humans in most economically valuable work [1] - The nonprofit board of OpenAI will decide whether AGI has been achieved [1] OpenAI's Financial and Structural Developments - OpenAI is in preliminary talks with California's attorney general's office about transitioning to a for-profit company [2] - OpenAI closed a $6.6 billion funding round in October 2023, valuing the company at $157 billion [2] - OpenAI expects to accumulate losses of around $44 billion between 2023 and 2028 [5] - OpenAI could reach $100 billion in revenue by 2029 [5] AGI and Commercial Terms with Microsoft - AGI systems are excluded from IP licenses and other commercial terms with Microsoft, which only apply to pre-AGI technology [4] - OpenAI and Microsoft have an internal agreement defining AGI based on its profit-generating potential [6] CEO's Perspective on AGI - OpenAI CEO Sam Altman believes AGI will be achieved sooner than most people expect and its impact will be less significant than anticipated [7]

TACOMA, Wash., Dec. 26, 2024 (GLOBE NEWSWIRE) -- GROUPIRA®, INC. (GROUPIRA®), a leader in financial technology innovation, proudly announces the launch of GROUPIRA® 5.0, a groundbreaking platform designed to revolutionize individual retirement account (IRA) rollovers for its channel partners. By leveraging advanced technologies such as Microsoft Azure, FIS Relius, LexisNexis, Plaid, DocuSign, and Veratad, GROUPIRA® 5.0 enhances efficiency, accuracy, and automation in the rollover process. In addition to thi ...

OpenAI's "o3" Breakthrough and Nvidia - OpenAI's "o3" breakthrough has a profound impact on Nvidia (NVDA) [1] - The science behind "o3" and its implications for Nvidia were previously discussed and well-received by readers [1] Analyst's Position and Disclosure - The analyst holds a beneficial long position in Nvidia (NVDA) through stock ownership, options, or other derivatives [2] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with mentioned companies [2]

The JPM Healthcare Conference is the largest and most informative health care investment symposium in the industry which connects global industry leaders, emerging fast-growth companies, innovative technology creators and members of the investment community.Pioneering the Economics of Health to examine the interdependencies of the healthcare ecosystem which are often overlooked when only considering a singular silo of it.AI In Biopharma to highlight how AI-driven technologies can revolutionize drug discover ...

In Brief Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this definition, OpenAI is many years away from reaching it.The two companies reportedly signed an agreement last year stating OpenAI has only achieved AGI when it develops AI systems that can generate at least $100 billion in profits. That’s far from the rigorous technical and philosophical definition of AGI m ...