ANTHROPIC CEO DARIO AMODEI SAYS AI HAS "INCREDIBLE BENEFITS" BUT ALSO "VERY REAL RISKS" He pointed to the technology's medical benefits and repeated the president's line that "whoever wins AI wins." How to address the risks is "still under discussion," he said, but "we can win and we can win safely" if everyone works together with the president.

HERE'S WHAT THE 🇺🇸 STOCK MARKET LOOKED LIKE TODAY Up: - Bloom Energy $BE +10.8% - Lumentum $LITE +5.7% - Applied Materials $AMAT +5.2% - Corning $GLW +4.7% - Marvell $MRVL +4.5% - Oracle $ORCL +4.0% - KLA $KLAC +3.9% - Meta $META +3.2% Down: - SLB $SLB -3.1% - United Rentals $URI -2.8% - Texas Pacific Land $TPL -2.8% - Medtronic $MDT -2.7% - Apple $AAPL -2.7% - Illinois Tool Works $ITW -2.4% - T-Mobile $TMUS -2.1% - Walmart $WMT -1.8% Meta recovered about two-thirds of Monday's -4.8%. Apple and Qualcomm fell for a second straight day. Utilities went from lower on Monday to the best sector in the market today.

HERE'S WHAT YOU CAN DO WITH PUBLIC'S AI AGENTS Our partners at Public laid out what their new agents can handle for your portfolio: - Reinvest dividends automatically based on tax efficiency, or sweep payouts into higher-yield accounts - Move cash between portfolios and your bank on a schedule or custom triggers - Set trades that execute only when several market conditions are all met - Rebalance your portfolio daily to your own strategy and risk tolerance - Trade off technical indicators like MACD, RSI and Bollinger Bands - Enter a position and let the agent adjust your protection over time and manage the exit - Run options strategies: covered calls, cash-secured puts, collars, debit spreads and rolls based on DTE or delta - Ask any market question with real-time data and 30 years of earnings, financials and prices, or have it review your portfolio

THE DAYS OF SETTING A FIVE-YEAR STRATEGY AND RESTING ON YOUR LAURELS ARE OVER "You have to be dynamic," Indiggo CEO Janeen Gelbart @Janeengelbart says. A good CEO adds a lot of value, but her company measures what happens after the vision is laid out, and whether the strategy is actually taking shape. Indiggo's scores also power an ETF from our partners at @WedbushFunds. The Wedbush ReturnOnLeadership U.S. Large-Cap ETF $EXEQ holds the 50 U.S. large-cap companies with the highest Indiggo ReturnOnLeadership scores, which use AI to rate how well management teams turn strategy into results.

Everything OpenAI announced at DevDay 2026: Dots: always-on AI agents that keep working in the background GPT-6.1 Sol: OpenAI’s new flagship model for coding and professional work Ultrafast: a much faster inference mode for latency-sensitive tasks Pro 500: a new $500/month plan with much higher usage limits Codex in the cloud: Codex can keep coding remotely without your laptop running Codex Security Cloud: scans codebases for security issues and helps prepare fixes Agents API: lets developers build AI agents that can use tools and interact with software Decisions API: lets AI choose between predefined actions or outcomes Plugin extensions: developers can build interactive apps directly inside ChatGPT Sign in with ChatGPT: use your ChatGPT account and subscription across supported third-party apps ChatGPT Space: shared workspaces where teams, ChatGPT and agents can work together And more across Slack, Microsoft Teams, Pages, Slides, automations and enterprise tools.

OPENAI UNVEILED ALWAYS-ON AUTONOMOUS AGENTS CALLED "DOTS" AND SAYS CHATGPT NOW REACHES 1.2 BILLION USERS WORLDWIDE It also announced a partnership with Amazon $AMZN to run managed agents on AWS infrastructure. More from OpenAI's Developer Day: - GPT-6.1 Sol, which OpenAI says matches Astra's performance at one-fifth the cost - An enterprise marketplace with 32 launch partners, including Salesforce $CRM, Adobe $ADBE and CrowdStrike $CRWD - ChatGPT in Slack and Microsoft $MSFT Teams, with no individual licenses required - A new $500 Pro plan with ultrafast processing in Codex and ChatGPT - A preview of confidential "private inference" coming this fall Dots agents will be available across paid tiers. OpenAI also says 35 million people build with ChatGPT Work and Codex every week.

SAM ALTMAN SAYS OPENAI HELD BACK A NEW AI MODEL OVER SAFETY CONCERNS, BUT "THERE'S NOT A BIG SCARY THING IN THIS CASE" The model came in "a little bit worse on a few of the evals," he told CNBC today, and he called the decision an abundance of caution. OpenAI's rule, Altman says, is that alignment, safety, monitoring and security have to stay "way ahead of capabilities." The company has held models back before, fixed them and launched them later, and he put this one in that same category. He also says OpenAI is pacing its progress, which sometimes means not training a model at all. "Pacing doesn't always mean slowing," he said.

INFLEQTION CEO SAYS THE QUANTUM COMPUTING RACE WILL HAVE ONE BREAKAWAY LEADER Whichever design first beats classical computers on real problems will pull money, customers and talent away from the rest, giving it "some breakaway speed." The others will likely catch up, he said, but the leader gets "a very big tailwind behind it." He says Infleqtion is focused every day on making sure neutral atoms get there first, and he thinks it has a very good chance.

APPLE’S NEW CEO PUSHES YEAR-ROUND PRODUCT LAUNCHES, LEANER ORG Apple $AAPL CEO John Ternus is moving to reshape the company just weeks into the role, with a focus on faster product development, fewer management layers and more frequent product launches, Bloomberg reports. Apple is considering moving away from its traditional spring and fall release schedule and launching products throughout the year instead. The company has also started cutting engineering program manager roles, including several senior directors, as Ternus looks to reduce layers between engineers and senior leadership. AI is part of the efficiency push as well. Apple explored a plan to cut roughly 5,000 AppleCare workers by using AI-powered phone and web agents, although that plan was later put on hold. At the same time, Apple is preparing a large product pipeline for next year, including camera-equipped AirPods, its first smart glasses and a redesigned iPhone for the device’s 20th anniversary. Ternus and Apple’s leadership team are also looking for new sources of revenue as Services growth slows, while some teams are being asked to keep headcount flat and reduce spending. Source: Bloomberg

Stock Talk @stocktalkweekly says you can't build real conviction by trying to be an expert in 20 industries. When he sees investors switching from banks to AI to healthcare, he doubts they understand what they own. His answer was to narrow down. He has spent the last decade trading almost only technology stocks and learning semiconductors, electronics manufacturing, supply chains and batteries, down to which parts are cyclical, where the moats are and what the margins look like.

Grok was given $10,000 of Evan's real money below to invest in the stock market This is what the portfolio Grok made looks like $1,470.88 of Nvidia $NVDA $1,176.58 of Taiwan Semiconductor $TSM $1,176.56 of Amazon $AMZN $1,176.54 of Microsoft $MSFT $981.36 of Eli Lilly $LLY $980.64 of Broadcom $AVGO $783.23 of Google $GOOGL $30.65 of Google $GOOGL $24.69 of Visa $V $24.69 of Eaton $ETN $24.68 of Intuitive Surgical $ISRG $2,100 of available cash

CARNIVAL $CCL JUST REPORTED Q3 EARNINGS - Revenue: $8.4B, beating est. of $8.3B 🟢 - Adj EPS: $1.43, beating est. of $1.36 🟢 - Adj EBITDA: $3.0B (flat YoY) - Adj Net Income: $2.0B - Net Yields (cc): $255.09 (+2.4% YoY) - Oper Income: $2.2B (-2% YoY) - Net Income: $1.9B - Customer Deposits: $7.6B Q4 Guidance: - Adj Net Income: ~$274M - Adj EPS: ~$0.20, below est. of $0.25 🔴 - Adj EBITDA: ~$1.3B - Net Yields (cc): +1.7% - Adj Cruise Costs ex-Fuel/ALBD (cc): +1.7% FY26 Guidance: - Adj Net Income: ~$3.1B - Adj EPS: ~$2.24, above est. of $2.21 🟢 - Adj EBITDA: ~$7.1B - Net Yields (cc): +2.3% - Adj Cruise Costs ex-Fuel/ALBD (cc): +2.2% Key Updates: - 2027 Bookings: Record occupancy and pricing - Debt: $500M of seven percent coupon notes redeemed - Credit Rating: S&P upgrade made Carnival investment grade - Dividends: $204M paid during Q3

AT&T $T and Corning $GLW signed a multi-year fiber supply agreement worth more than $3B, with Corning supplying fiber and cable for AT&T’s U.S. network expansion as the company works toward reaching 60M Americans with fiber by 2030.

$CBOE and S&P Dow Jones Indices extended their exclusive licensing deal through 2051, preserving Cboe’s exclusive rights to offer S&P 500 Index (SPX) options, while also opening the door to new products including tokenized options contracts.