Core Insights - The article discusses the strong performance of technology stocks, particularly driven by artificial intelligence (AI) investments, while also highlighting the risks associated with market concentration in the tech sector [4][5][10]. Group 1: Market Performance - The information technology sector gained 23% year-to-date as of October 21, 2025, while the tech-focused communication services sector increased by 25% [4]. - The Magnificent Seven, comprising major tech companies, accounted for 36.6% of the S&P 500 as of October 2025, a significant increase from 12.3% in 2015 [5]. - Year-to-date returns for the Magnificent Seven were 18.6%, outperforming the S&P 500's 14.5% [5]. Group 2: AI Investment Trends - Corporate AI investment reached $252.3 billion in 2024, with private investment up 44.5% year-over-year and mergers and acquisitions increasing by 12.1% [6]. - The excitement surrounding AI is driven by investor expectations, which can create a leverage-like effect in the market [10]. Group 3: Market Structure and Risks - The S&P 500 exhibits survivor bias, where the largest companies dominate the index, leading to concerns about high exposure to tech stocks [7][9]. - The performance of the S&P 500 is heavily influenced by a few large tech stocks, raising concerns about potential corrections in the sector [9][12]. - Emerging markets have shown strong performance, up almost 30% year-to-date, suggesting opportunities outside the tech-heavy S&P 500 [12][13]. Group 4: Investment Strategies - A diversified portfolio is recommended to mitigate risks associated with tech concentration, allowing investors to capture upside without being overly reliant on tech stocks [14]. - Direct indexing is suggested as a strategy to mimic existing stock indices while selectively investing in tech areas that offer potential without full exposure [14].

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing extensive experience in journalism, particularly in finance and current affairs [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, especially in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media and Industry Engagement - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers, establishing him as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap markets [4] Professional Expertise - Jeremy has served as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]

Core Viewpoint - The earnings reports from the Magnificent Seven tech companies highlighted Amazon's significant performance, particularly in its cloud unit, which experienced the strongest growth rate in nearly three years, leading to a notable increase in its stock price [1] Group 1: Company Performance - Amazon's shares rose nearly nine percent over the week, outperforming other major tech companies [1] - The cloud unit's growth was a key driver of Amazon's stock performance, attracting positive attention from investors [1] - Analysts have increased price targets for Amazon, with 80 out of 93 analysts rating it a buy and an average price target of US$288, while shares were trading around US$245 [1] Group 2: Market Context - The Magnificent Seven, including Tesla and Nvidia, represent over one third of the S&P 500's market capitalization [1] - Despite the strong performance of tech stocks, the overall S&P 500 index has remained stagnant at the same level as six weeks ago when excluding the tech sector, indicating a bifurcation in the bull market [1]

US stocks bounced back Friday, with Wall Street notching weekly and monthly wins as investors embraced strong earnings from Amazon (AMZN) that eased some doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) rose 0.6%, while the S&P 500 (^GSPC) gained 0.3%, both restoring solid gains after wavering earlier in the session. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, rose 0.1%. All three major averages ended the month with wins, with the Nasdaq gaining more than 4 ...

Core Insights - The U.S. stock market is currently being significantly influenced by growth tech companies, indicating a reliance on these firms within major indices like the Russell 1000 [1] Group 1: Market Influence - The top 10 holdings of the Russell 1000 serve as a clear indicator of the index's dependence on growth tech companies [1]

AI spending of course a key focus during earnings this quarter. Apple, Apple, Meta, Alphabet all reporting a massive jump in AI spend. Total capex spend reaching 116 billion leads to plenty of bubble talk on the street as you know.But our next guest says those spending levels are in fact sustainable. Let's bring in Goldman Sachs economist Joseph Briggs to talk about it. Widely watched report that she put out a few days ago.Welcome. Good to see you. >> Great to be here.>> So you're you're sort of taking a lo ...

Goldman Sachs senior global economist Joseph Briggs argued that current AI spending levels are sustainable, despite recent massive jumps in investments from tech giants like Apple (AAPL), Meta (META), and Alphabet (GOOGL), (GOOG). Total AI spending in the U.S. currently sits ...

Core Insights - Despite concerns about an AI bubble, major Silicon Valley companies are making substantial investments in AI infrastructure [1] Company Investments - Companies like Google, Apple, Meta, Microsoft, and Amazon are investing tens of billions of dollars into AI-related technologies [1] - Investments are focused on chips, infrastructure, and data centers to support AI development [1]

Market Overview - U.S. stocks traded higher, with the Nasdaq Composite gaining more than 1% on Friday, while the Dow rose 0.09% to 47,563.80, and the S&P 500 increased by 0.58% to 6,862.07 [1] - Consumer discretionary shares saw a significant jump of 4.3% on Friday, indicating strong performance in that sector [1] Company Performance - Apple Inc. reported fiscal fourth-quarter revenue of $102.47 billion, surpassing analyst estimates of $102.17 billion, and earnings of $1.85 per share, exceeding expectations of $1.76 per share [3] - EPWK Holdings Ltd. shares surged 137% to $0.1559, while Getty Images Holdings, Inc. shares rose 45% to $2.93 following a multi-year licensing agreement with Perplexity AI [10] - MSP Recovery, Inc. shares increased by 77% to $0.56 [10] Declines in Company Stocks - Luminar Technologies, Inc. shares dropped 34% to $1.3801 after receiving a subpoena from the SEC and suspending its FY25 guidance [10] - Intensity Therapeutics, Inc. shares fell 28% to $0.95 after announcing a $4 million registered direct offering of common stock [10] - OneSpan Inc. shares decreased by 26% to $11.52 due to worse-than-expected third-quarter sales results and a cut in FY25 sales guidance [10] Commodity Market - Oil prices increased by 0.7% to $61.04, while gold rose by 0.4% to $4,031.90 [6] - Silver prices fell by 0.3% to $48.485, and copper decreased by 0.4% to $5.0860 [6] International Markets - European shares were lower, with the eurozone's STOXX 600 slipping 0.5% and major indices in Spain, London, Germany, and France also experiencing declines [7] - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining 2.12%, while Hong Kong's Hang Seng fell 1.43%, and China's Shanghai Composite dipped 0.81% [8]

Kevin Hanks. I'm That's why I'm going to bring Kevin Hanks in. CBOE pre-bell playbook.Um, a lot of mega cap tech earnings. I don't know what they're going to continue to do. They've been trying to bring bills forward pertaining to the government shutdown.In the meantime, let's start with what investors are certainly focused on and that's mega tech. Good morning. Happy Friday, Kevin.>> Good morning, Nicole. Yeah, what a difference a day makes, huh. I mean, yesterday's focus was all about Microsoft Meta Platf ...