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The Lakers as a $12.5 Billion Tax Shelter

In early August, former Walt Disney CEO Bob Iger and investor Josh Kushner bought a majority stake in the Los Angeles Lakers at a record $12.5 billion valuation—$2.5 billion more than the sale price a year ago. Another is not-so-obvious: tax benefits. Since 2004, pro franchises have been considered “Section 197 intangibles,” says tax expert Robert Willens.

Barrons.com
Neoclouds Shine in AI Build Out

Neoclouds -- companies that buy and rent out GPUs for AI -- are seeing incredible demand for the assets they’re building.

Motley Fool

Nvidia is effectively centralizing the artificial intelligence supply chain by bypassing traditional mergers and acquisitions in favor of a repeatable, non-traditional financial mechanism. By deploying a licensing-plus-hire strategy, the company absorbs the operational capacity of critical AI startups while avoiding the regulatory scrutiny that typically accompanies full-scale corporate integration. This approach, most recently evidenced by […]

Forkast News
Broadcom (AVGO) Is Down 6.2% After Google Expands AI Chip Ties With Marvell - What's Changed

Recently, Broadcom’s role as a core custom AI chip supplier came under scrutiny after Google expanded its long-term partnership with Marvell Technology to co-develop additional accelerators and controllers for its AI hardware ecosystem. At the same time, Broadcom is exploring a very large debt-financing package, reportedly up to US$100.00 billion, to back AI chip deals for Anthropic and others, underscoring both its centrality to AI infrastructure build-outs and the financial and competitive...

Simply Wall St.
Why Is Tesla Stock Up Today?

Tesla caught two breaks: Nevada regulators cleared it to put as many as 5,000 driverless robotaxis on Las Vegas streets, and its electric semi truck is headed to Germany.

Motley Fool

Investing.com -- Anthropic (NASDAQ:ANTP) has hired former Google executive Amir Salek to join its compute team as the artificial intelligence lab lays the groundwork for an in-house semiconductor initiative, according to a report from Bloomberg. Salek, who previously led Alphabet Inc.’s custom silicon efforts and delivered seven generations of Tensor Processing Units, will report directly to Anthropic compute lead James Bradbury. The executive recruitment underscores Anthropic’s ambition to secu

Investing.com
Jefferies Just Said Sell Apple (AAPL). Here’s the iPhone Feature That Got Canceled

On August 10, Jefferies downgraded Apple Inc. (NASDAQ:AAPL) to underperform from hold, cutting its price target to $263.66 from $285.56, implying roughly a 16% downside from Friday’s close of $313.33. Analyst Edison Lee said supply chain checks show Apple has canceled its planned all-glass 20th-anniversary iPhone, expected to launch in September 2027, due to poor […]

Insider Monkey