Daily Spotlight: AI Investment Lifts 1Q GDP

American manufacturers grew in April for the fourth month in a row — the longest streak in four years — but an embryonic recovery faces fresh hurdles from rising oil prices and higher inflation tied to the Iran war.

A cyclical uptick in economic activity in May, presaged by the boom in semiconductors, should see a reversal in the most in and out of favour sectors.

Atlassian's stock has been hit hard in the "SaaS-pocalypse" sweeping software names as AI threatens to disrupt their business models.

Roblox is facing over 140 federal lawsuits accusing it of failing to prevent child exploitation, and last month settled with Alabama and West Virginia.