Fears of an AI bubble are drawing comparisons with the dot-com era, when a hot tech trend led to a stock market crash. Here's what to watch out for. ...

OpenAI on Thursday confirmed a $110 billion valuation, fueling expectations that it could stage the largest IPO in US tech history if it moves forward with a public listing. The company has not yet filed for an IPO. However, the valuation announced on February 27 positions OpenAI above several landmark Silicon Valley debuts and signals strong backing from major technology investors. Who are the Big Tech Going All-In on OpenAI? OpenAI has raised billions in private funding over the past few years. Its mos ...

Core Viewpoint - The anti-AI trade in February has led to significant shifts in the stock market, raising questions about whether this trend has reached an excessive level [1] Group 1 - The stock market is experiencing a dramatic rotation, influenced by the anti-AI sentiment that has emerged recently [1] - Investors are increasingly moving away from technology stocks, particularly those related to artificial intelligence, in favor of more traditional sectors [1] - This shift has resulted in notable changes in stock valuations and market dynamics, prompting discussions about the sustainability of the current market trends [1]

The Dow's 'Citrini Selloff' Is Back. Blame Block.LIVE[Dow Slides as Risk-Off Trade Gathers Pace]Last Updated:---21 min ago# The Dow's 'Citrini Selloff' Is Back. Blame Block.By[Connor Smith]Block's mass layoffs reignited Wall Street's paranoia about artificial intelligence advancements.The Dow fell 588 points, or 1.2%. The S&P 500 was down 0.6%. The Nasdaq Composite was down 0.8%. Among the hardest hit stocks in the Dow were American Express, Goldman Sachs Group, Salesforce, and JPMorgan Chase.Days after the ...

Core Viewpoint - Eutelsat Communications is set to offer dual tranche senior unsecured notes, with the stabilization period expected to start on February 25, 2026, and end no later than April 4, 2026 [3]. Group 1: Securities Offering - The issuer of the securities is Eutelsat Communications, and the aggregate nominal amount is to be confirmed (TBC) [3]. - The offer price for the securities is also TBC, with no additional offer terms provided [3]. - The stabilization managers involved in the offering include HELABA, NATIXIS, COMMERZBANK, GS, ING, INTESA, BNP, CACIB, and SG [3]. Group 2: Stabilization Details - The stabilization managers may over-allot the securities as permitted by applicable law, with the aim of supporting the market price during the stabilization period [3]. - Stabilization trading will occur over-the-counter (OTC), and any stabilization actions may cease at any time [3].

In light of these supply-related forces, we continue to look for durable improvements to global steel demand as the catalyst needed to improve met markets across the quality spectrum in a sustainable way. All of this is important market context as we look at what is ahead for 2026. While the high-vol market remains crowded on the supply side with incremental tons coming from Alabama and Northern Appalachia, we are looking forward to completing development at the Kingston Wildcat low-vol mine, which Jason ha ...

Core Viewpoint - The company is urged to expedite the restructuring of its board in the initial shareholder letter related to the ongoing proxy fight [1] Group 1 - The call for a faster overhaul indicates a push for significant changes in governance to enhance company performance [1] - The proxy fight suggests potential dissatisfaction among shareholders regarding current board effectiveness [1] - The letter serves as a formal communication to shareholders, highlighting the urgency of the proposed changes [1]

Core Insights - Allison Transmission Holdings (ALSN) announced a 7% increase in its quarterly dividend to 29 cents per share, marking the seventh consecutive year of dividend increases, reflecting a commitment to capital allocation and shareholder returns [1][7] Financial Performance - In Q4 2025, Allison reported earnings of $1.70 per share, a decline of 15.4% year over year, with total revenues decreasing by 7.4% to $737 million [2] - The company projects 2026 net sales between $5.575 billion and $5.925 billion, significantly up from $3.01 billion in 2025, with consolidated adjusted EBITDA expected to be between $1.365 billion and $1.515 billion, compared to $1.130 billion in 2025 [6][8] Growth Opportunities - Defense sales increased by 26% year over year in 2025, driven by expanding programs in the U.S. and internationally, with the 3040MX platform identified as a key growth driver [3] - International expansion is a major long-term growth opportunity, particularly in the On-Highway segment, where the company achieved record revenues of $507 million in Q4 [4] - The acquisition of Dana's Off-Highway Drive & Motion Systems Business enhances Allison's global footprint and access to new markets [4][8] Technological Advancements - The company is focused on advanced technology and innovation, with customer wins such as PACCAR standardizing Allison's fuel-saving features [5] - The eGen Power portfolio, including various e-axles, positions Allison to adapt to changing industry dynamics, with significant contracts like the eGen Force selected for the Optionally Manned Fighting Vehicle program [5] Market Outlook - Management's optimistic outlook for 2026, with expectations of higher sales and improved profitability, supports the growth narrative [9] - The combination of dependable dividends, defense market exposure, and expanding international opportunities positions Allison as a solid addition to a diversified long-term investment portfolio [7][9]

Group 1 - Clarivate shares have rebounded significantly, recovering from a 33% loss earlier in February, with a 29.9% increase noted recently [1][2] - The company reported strong fourth-quarter 2025 financial results, with revenue of $617 million, surpassing analysts' expectations of $604.8 million, and adjusted EPS of $0.20, exceeding the anticipated $0.16 [2][3] - Clarivate's free cash flow for Q4 2025 was $89.2 million, marking a 50.9% year-over-year increase, despite a 6.9% decline in sales [3] Group 2 - For 2026, management projects adjusted diluted EPS between $0.70 and $0.80, indicating an expected 8.7% year-over-year increase, and anticipates free cash flow growth to between $365 million and $435 million, representing a 9.5% year-over-year growth based on 2025 figures [4] - Despite the recent rise in stock price, Clarivate shares are still trading at a discount, at 2.6 times operating cash flow compared to a five-year average of 7.6 [5]

On February 17, 2026, Casdin Capital disclosed a buy of 1,662,193 shares of Relay Therapeutics (NASDAQ:RLAY), an estimated $11.86 million trade based on quarterly average pricing, in its Form 13F filing. What happened According to an SEC filing dated February 17, 2026, Casdin Capital increased its holding in Relay Therapeutics by 1,662,193 shares, bringing its total to 13,003,574 shares. The estimated transaction value was $11.86 million, calculated using the quarterly average share price. The quarter-en ...