Core Viewpoint - The investment strategy involves rotating out of overvalued AI and technology stocks into sectors that are seen as undervalued but still related to technology, such as utilities and emerging markets [4][5][10]. Group 1: AI and Technology Trends - The belief is that there are still years of growth potential in AI and related technologies, including cybersecurity and digital assets [2][3]. - AI is expected to complement other technologies and enhance daily life, indicating a long-term trend rather than a short-term spike [3]. Group 2: Sector Rotation Strategy - In August, the company reduced exposure to communication services due to perceived overvaluation and shifted investments into utilities, which have a lower price-to-earnings (PE) ratio [4]. - By the end of October, a similar strategy was applied to information technology, with funds redirected towards emerging markets, particularly in chip and hardware manufacturing [5]. Group 3: Investment Approaches - Investors are encouraged to either seek undervalued fundamental stories in these sectors or consider ETFs and mutual funds that track these trends [7]. - A small allocation to a diversified basket of emerging markets is suggested as a way to capitalize on growth similar to the tech sector's rise in the U.S. [8]. Group 4: Current Market Dynamics - There has been a rotation away from technology stocks towards more defensive sectors, with consumer stocks performing well recently [10]. - Healthcare stocks have also seen significant attention, and the strategy involves adjusting allocations back to market weight while favoring utilities, industrials, and financials [11]. Group 5: Financial Sector Insights - Financials are viewed as an attractive investment due to expectations of falling short-term interest rates while longer-term rates remain stable or increase, benefiting banks [12][14]. - The expansion of technology companies through debt is also seen as a potential opportunity within the financial sector, providing diversification away from a heavy reliance on technology [15].

Core Points - Radware, a leader in application security and delivery solutions, will hold its 2025 Annual General Meeting on December 22, 2025, at 9:00 a.m. (EST) [1] - The record date for shareholders to participate in the meeting is November 18, 2025 [1] - The agenda includes the presentation of financial statements for the year ended December 31, 2024, and the auditors' report [2] Proposals - The meeting will include proposals to elect three Class II directors until the 2028 annual meeting [8] - Approval of the renewal of the Company's Compensation Policy for Executive Officers and Directors is on the agenda [8] - Compensation terms for non-employee directors, including equity-based awards, will be proposed [8] - The reappointment of Kost Forer Gabbay & Kasierer as auditors and authorization for the Board to fix their remuneration will be discussed [8] Voting Requirements - All proposals require a simple majority of shares voted, with specific conditions for Proposals 2 and 3 regarding disinterested shareholders [3] - The company currently has no controlling shareholder as defined by Israeli law [3] Quorum and Adjournment - If a quorum is not present, the meeting will be adjourned to the same time and place the following week [4] Additional Information - Shareholders will receive a proxy statement detailing the proposals and a proxy card for voting [5] - The proxy statement will also be filed with the U.S. Securities and Exchange Commission [5] Company Overview - Radware specializes in cybersecurity and application delivery solutions for various data center environments [6] - The company aims to provide infrastructure and IT protection to enhance business continuity and productivity while managing costs [6]

For more, let's bring in Jeff Kilberg, KKM Financial founder and CEO, a CNBC contributor. It's almost like having this shopping list and thinking, "Oh, I can't afford that. I can't afford it." And waiting for it to go on sale. >> You're absolutely right, contestant.I wouldn't say the damage is done necessarily in some of these AI themed big tech names. I think just some profit taking has occurred. We've seen two consecutive weeks of profit taking.The jitters really were spurred by the uncertainty what the F ...

Core Insights - Arog's earnings have significantly increased, with shares rising by 26-27% following the announcement [1] - Adjusted earnings per share (EPS) came in at 22 cents, surpassing estimates of 16 cents [1] - Revenue also exceeded expectations, reported at $137 million compared to the anticipated $128 million [1] - The company provided optimistic fourth-quarter guidance for both EPS and revenue, with EPS guidance set at 18 to 20 cents, again above the 16 cents estimate [1] Industry Context - Cybersecurity challenges in the market are influencing Arog's performance, as the company plays a role in securing software amidst these challenges [2]

Core Viewpoint - British retailer Marks & Spencer experienced a significant decline in first-half underlying profit, dropping by 55.4%, primarily due to the adverse effects on sales and margins from a cyber hack incident in April that led to the suspension of online clothing orders [1] Financial Performance - The first-half underlying profit fell by 55.4%, indicating a substantial impact on the company's financial health [1] - The cyber hack incident in April directly affected sales and margins, highlighting vulnerabilities in the company's online operations [1] Operational Impact - The cyber hack forced Marks & Spencer to suspend online clothing orders, which contributed to the decline in sales [1] - The incident underscores the importance of cybersecurity measures in protecting retail operations and maintaining customer trust [1]

[Music] In 2020, a publisher reached out and asked me to write a book about crypto scams. I was flattered and thought, "How hard can this be?" So, turns out it's hard and takes a lot of research. But I'd been working in the industry for years by this point.My job is to advise on risks and scams. I'd read the scammers textbooks. I know scams.So, I figured at least I wouldn't fall for one. So, guess who did. And 4.2% 2 million people did in England and Wales last year.There's always been scams, but scams and ...

Core Insights - The recent outage at Amazon is not considered a hack but highlights the fragility of cloud infrastructure, indicating that small changes can lead to significant disruptions [2][3] - Companies are prompted to reconsider their reliance on single cloud providers and explore diversifying their IT infrastructure to mitigate risks associated with outages [4][8] - The competitive landscape in the cloud market is shifting, with Google potentially gaining market share due to its advancements in AI cloud infrastructure [9] Company-Specific Insights - Amazon has experienced outages in the past, and while it has reduced the frequency and severity over the years, the recent incident raises questions about its reliability [4][5] - Microsoft has faced longer outage durations compared to Amazon, but both companies are learning from these experiences to minimize future disruptions [5][6] - Google is seen as well-positioned to transition from being the third player in the cloud market to potentially becoming a close second, thanks to its strategic investments in AI cloud technology [9] Industry Insights - The critical infrastructure sector, which is largely privately owned, is at risk due to outdated systems, necessitating a shift towards more technologically advanced solutions [10][11] - The convergence of IT and operational technology (OT) is essential for enhancing the security and reliability of critical infrastructure, which includes utilities and financial systems [11][12] - There is a growing need for redundant systems in critical infrastructure to ensure consistent service delivery, especially in light of recent outages affecting various sectors [12]

AI Capex & Investment Trends - Barclays 分析显示，2025 年上半年与 AI 相关的支出使美国 GDP 增长了约 1 个百分点 [1] - 预计到 2027 年，五大超大规模企业的资本支出将增加约 30% 至 5100 亿美元，但增速较 2025 年的 71% 大幅放缓 [2] - 报告认为，市场高估了总体影响，即使科技巨头投入数千亿美元，相对于美国每年超过 4 万亿美元的商业投资总额而言，仍然相对较小 [3] - 报告指出，AI 支出水平无疑令人印象深刻，但增长率正在迅速下降，而增长率才是驱动 GDP 的因素 [4] Industry Perspectives & Company Strategies - 预计 2030 年前 AI 资本支出复合年增长率约为 25%，且不仅限于超大规模企业，公用事业公司和工业企业也在增加 AI 投资 [7][8] - Meta 正在利用 ARM Holdings 为 Facebook 和 Instagram 的 AI 提供动力 [14][26] - Broadcom 认为到 2028 年，AI 对他们来说可能是一个 1000 亿美元的机会，并且他们拥有多元化的业务，包括软件、AI 和非 AI 基础设施 [20] Market Dynamics & Investment Opportunities - 市场关注 AI 资本支出热潮是否会在下半年放缓，以及这是否会对市场产生影响 [5] - Nvidia 的芯片积压订单量巨大，因此短期内不必担心其基本面 [16] - 投资者正在寻找对 AI 投资估值的理由，关注收入是否会真正实现，以及用例是否真实，是否能惠及多个行业的公司 [23][24][25]

Cyber Security Landscape - The UK has experienced a notable surge in major cyberattacks from criminals and hostile states over the past year [1] - This increase follows a series of high-profile incidents targeting companies [1] Agency Response - The UK's cyber security agency has acknowledged the significant increase in cyberattacks [1]

Core Viewpoint - The July breach was identified as Australia's most significant cyberattack to date [1] Group 1 - The incident highlights the increasing vulnerability of companies to cyber threats in Australia [1] - It raises concerns about the adequacy of current cybersecurity measures in place across various industries [1] - The breach may lead to stricter regulations and compliance requirements for companies handling sensitive data [1]