UNCOVERED: 7 - The Untold Story

SanDisk Rips 10%, Micron Rises 6% as AI Memory Frenzy Builds: Stock Market Today

U.S. stocks drifted lower at midday Monday as a violent melt-up in AI optical and memory names collided with a bond market that refuses to settle down, leaving the S&P 500 a whisker below Friday’s close after last week’s record.

Benzinga · Aug 17

Bill Ackman Bets Big on Magnificent 7 Stocks, But Only Loves 3 of Them

Bill Ackman and Pershing Square Capital (NYSE:PS) have unveiled their portfolio for the second quarter, which includes several new stocks added. The quarter also included major changes to Ackman’s growing bets on the Magnificent Seven stocks.

Benzinga · Aug 17

Anthropic Paying 33% Above Market for AI Capacity, JPMorgan Says

The AI race may be driving a new pricing benchmark. JPMorgan estimates Anthropic agreed to pay roughly $2.4 per watt per year for capacity at Riot Platforms, Inc‘s (NASDAQ:RIOT) Texas data center — about 33% above the firm’s estimated industry average of $1.8 per watt per year — suggesting that…

Benzinga · Aug 17

'Big Short' Investor Steve Eisman Says AI Has an 'Achilles' Heel' — But It's Too Early to Short the Boom

“Big Short” investor Steve Eisman says the AI boom has an “Achilles’ heel”: its enormous dependence on OpenAI and Anthropic.

Benzinga · Aug 17

David Tepper Cuts Micron Stake, Exits SanDisk as Appaloosa Goes Big on These Magnificent 7 Stocks in Q2

David Tepper’s Appaloosa Management shifted heavily toward megacap tech stocks in Q2 while trimming or exiting once-hot memory chip investments.

Benzinga · Aug 17

Argenx’s Next Blockbuster? Stock Jumps 12% After Phase 3 Myositis Trial Hits Key Goal

Argenx SE (NASDAQ:ARGX) stock jumped about 12% in Monday’s premarket trading after the company reported positive topline results from its Phase 3 ALKIVIA study.

Benzinga · Aug 17

The Top 5% of Americans Are Outspending Their Own Paychecks. That's the Risk to Watch.

America’s consumer may be less divided than investors think. But one group is still behaving very differently from everyone else: the richest 5% of households.

Benzinga · Aug 17

Student Debt Could Take a Chunk Out of Older Americans’ Social Security — Sanders, Warren Back New Bill to Stop It

Older Americans and borrowers with disabilities who default on federal student loans could get new protection from having their Social Security benefits garnished under legislation introduced Monday by Democratic lawmakers.

Benzinga · Aug 17

Marjorie Taylor Greene Claims Trump Officials Are Discussing Nuclear Strikes on Iran: ‘It’s Pure Evil’ (UPDATED)

Editor’s note: The story has been updated to include a comment from a White House spokesperson.

Benzinga · Aug 17

Jim Jordan Defends Trump’s Economy but Admits Costs Are ‘Tough’ for Middle-Class Families

Rep. Jim Jordan (R-Ohio) said the U.S. economy is moving in a "pretty good direction," while acknowledging that higher costs remain difficult for middle-class and working-class families.

Benzinga · Aug 17