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Baupost Group’s Seth Klarman picked up Amazon in the fourth quarter, but that bet hasn’t paid off for value investors yet as tech stocks have taken a hit this year. The Boston-based hedge fund manager has taken a new position in Amazon worth $489.7 million, making the online retailer its second-largest holding in the company, according to a securities filing. But the tech sector is highly valued, and Amazon has already fallen 13% year-to-date amid continued concerns that AI won’t deliver on its lofty promises. In fact, this megacap entered a bear market last week, falling more than 22% from…

Amazon is rolling out a new user interface for its Fire TV streaming devices designed to put more focus on content while simplifying navigation. The update will initially be available to Fire TV owners in the United States and is the first major Fire TV redesign in years. This change comes as the explosion of streaming content makes it increasingly difficult to know what’s available on which services, and streaming platforms like Fire TV need to act as discovery hubs rather than just tools to launch streaming apps. The company first previewed the new design at the Consumer Electronics Show…

meta will spend millions Nvidia The sweeping new deal announced Tuesday gives Nvidia access to the company’s artificial intelligence data center chips, including new standalone CPUs and next-generation Vera Rubin systems.Meta CEO Mark Zuckerberg said in a statement that the expanded partnership continues the company’s commitment to “bringing personal superintelligence to every person in the world,” a vision announced in July.Financial terms of the deal were not disclosed.Shares of Meta and Nvidia rose during extended trading Tuesday. advanced micro device The stock price fell about 4% on the news.In January, Meta announced plans to spend up to $135 billion on…

The timeline jumps to 2015, where Evan and Bree’s wedding takes place, after Lucy is expelled from Baird College and Stephen’s offer is revoked from Yale University for sending pornographic images (a reference to a photo Stephen emailed to Princess Diana’s father). In the time jump, it is revealed that Stephen is engaged to Lucy’s former best friend Lydia (Natalie Linez), but the engagement is short-lived because that morning, Stephen admits to having an affair with Lucy and tells her that they were together only to make Lucy jealous. In true Stephen style, he mercilessly dumped her. Later, at his…

According to Goldman Sachs, not all software stocks are losers after the recent debacle in software stocks. Software companies have been among the most oversold stocks in the S&P 500 index in recent weeks and continued to weigh on the overall market during trading Tuesday. The group has come under fire over concerns that artificial intelligence tools could disrupt the traditional “per-seat” subscription model used by traditional software giants, displacing their own products and squeezing companies’ pricing power. Analyst Gabriela Borges wrote in a note to clients on Monday that the rapidly evolving nature of agent technology ultimately makes it…

Automattic’s website hosting platform, WordPress.com, will include the WordPress AI assistant, the company announced Tuesday. This feature is designed to work within a website and understand its content and layout, allowing site owners to make changes using natural language commands. New tools allow you to adjust your site’s layout, style, and other patterns by issuing commands to your AI assistant. You can see your changes reflected on your site as you work. These instructions don’t have to be precisely customized prompts, the company says. Instead, you can use more general language such as “make this section feel more modern or…

palo alto networks Shares fell 6% after the bell on Tuesday after beating Wall Street’s fiscal second-quarter expectations but disappointing guidance.Here’s how the company performed against LSEG’s estimates:Earnings per share: $1.03 per share excluding items (94 cents expected) Revenue: $2.59 billion ($2.58 billion expected)The cybersecurity company expected fiscal third-quarter earnings to be lackluster in the range of 78 cents to 80 cents, falling short of LSEG’s forecast of 92 cents. Sales are expected to reach between $2.94 billion and $2.95 billion, exceeding expectations of $2.6 billion.The company said sales increased 15% from $2.3 billion in the same period last year.…

James Van Der Beek renews wedding vows before wife Kimberly Van Der Beek passes awayJames Van Der Beek and Kimberly Van Der Beek didn’t wait for the final milestone. On February 11, just days before his death at the age of 48, the Dawson’s Creek star and his wife of 15 years renewed their marriage vows in a bedside service at their home in Texas. “We decided two days ago, our friend gave us a new ring, we filled our bedroom with flowers and candles, and we renewed our vows from bed,” Kimberly told People magazine in an interview published…

Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. The Dow, S&P 500 and Nasdaq rose in afternoon trading Tuesday after bouncing back and forth earlier in the session. As concerns persist that artificial intelligence will harm business, the usual suspects have come under fire again these days: enterprise software. Salesforce fell more than 3%, while CrowdStrike and Palo Alto Networks fell more than 4.5% and 2%, respectively. We can’t defend Salesforce here, just hold it. But as we have said repeatedly, our cybersecurity…

The European Parliament has reportedly blocked lawmakers from using AI tools built into work devices, citing cybersecurity and privacy risks from uploading sensitive communications to the cloud. Congress’ IT department said it could not guarantee the security of data uploaded to the AI ​​companies’ servers and that the full scope of information shared with the companies was “still being evaluated,” according to an email reviewed by Politico. As such, the email said, “We believe it is safer to disable such features.” For example, uploading data to AI chatbots such as Anthropic’s Claude, Microsoft’s Copilot, and OpenAI’s ChatGPT means that U.S.…