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CNBC
24 minutes ago
- Business
- CNBC
Gabelli Funds highlights the AI stocks to buy as craze continues
The trillion-dollar investment cycle into generative artificial intelligence is only just beginning, and is already starting to pay off, according to John Belton, portfolio manager at Gabelli Funds. Tech companies are set to invest roughly $1 trillion in capital expenditures into AI infrastructure over the coming years, causing some investors to worry the businesses may be spending too much for not enough payoff. In 2025 alone, Google parent Alphabet, Amazon, Meta Platforms and Microsoft are planning to spend as much as $320 billion combined on AI technologies and data center buildouts. However, early signs suggest investors have yet to grasp the full potential of generative AI, given that some initial investments are already starting to bear fruit, according to Belton. "This is a trillion-dollar investment cycle," Belton told attendees during a panel on AI at the Morningstar Investment Conference in Chicago. "Adoption and usage is really only now starting to hit this very steep part of the so-called S-curve, another two and a half years after the launch of ChatGPT." "The largest investors in AI infrastructure are generating the most attractive returns today," he said. The portfolio manager of the Gabelli Growth Fund has significant exposure to the "Magnificent Seven" companies, with Microsoft, Nvidia and Amazon being its top three holdings. This year, the fund has outperformed, sitting in the top 12% of funds in its category, according to Morningstar data . Yet, there are two reasons to remain confident in the potential for AI, Belton said. Specifically, the cost of the technology is coming down, while its capabilities are improving, meaning the number of use cases for companies is growing. Belton said AI capabilities are already superior to human capabilities across a wide range of disciplines, including reading comprehension, science and math. "As AI is becoming cheaper and more capable, the vision is that it's just going to be used in more and more corporate productivity initiatives," Belton said. "And it's going to be used as in many cases, a labor replacement across enterprises, in all different sectors, in all different parts of the enterprise." Some examples include using AI to cut supply chain costs, or to generate revenue across marketing and operations departments. Meta Platforms , for example, is already using AI for targeted advertisements, a change that has helped the tech company boost sales. Meanwhile, tech companies such as Alphabet and Microsoft have recently divulged that AI is already generating roughly 30% of their internal database, suggesting the role of a software engineer and developer will change. Other use cases are still emerging, including AI used in autonomous vehicles such as at Tesla , as well as drug discovery in health care. Given this, here are some of the companies that can tap into AI potential, Belton said. NOW YTD mountain ServiceNow shares year to date ServiceNow is one holding with a roughly 2% weighting in the Gabelli Growth Fund. The enterprise software firm sells agentic technology to help companies to automate their businesses. Agentic revenue is already tracking close to 10% next year, Belton said, adding it's a small but promising sign of a "big, exciting" new area for growth. Broadcom shares are another holding that has exposure to the AI theme. The stock is up more than 16% this year, and is a consensus buy on the Street, according to LSEG. GE Vernova and Applied Materials are two other holdings that can benefit from the AI theme, according to the investor. AVGO YTD mountain Broadcom shares year to date.
Daily Mirror
28 minutes ago
- Entertainment
- Daily Mirror
Calvin Klein £24 perfume that 'lasts all day' hailed 'the best ever' by shoppers
Calvin Klein's Eternity Moment perfume has been hailed by shoppers 'the best ever made' and #an absolute game changer' and it's priced at a budget-friendly £23.94 Perfume aficionados are raving about a fragrance that's been hailed as "the best ever made" by its legion of fans. The scent in question, Calvin Klein's Eternity Moment for Women Eau De Parfum, is flying off the shelves at the wallet-friendly price of £23.94, with many customers declaring they "can't imagine being without it." Eternity Moment is a concoction of sweet lychee and guava mingled with passionflower and musks, creating a light floral aroma renowned for its impressive longevity. It has clinched the title of 'number one best-seller' in its category on Amazon, amassing an incredible 24,793 reviews on the platform alone and boasting an average score of 4.6 out of 5 stars. For those on the hunt for a bargain with a penchant for floral and musk fragrances, Cosmic by Kylie Jenner Eau de Parfum might tickle your fancy, with a 100ml bottle currently priced at £44 on LookFantastic. In addition, a 30ml bottle of Narciso Rodriguez For Her Musc Noir at a reduced price of £50.40 down from £63, reports the Liverpool Echo. Meanwhile, back on Amazon, Calvin Klein's sought-after perfume continues to garner heaps of praise, with most buyers celebrating its delightful scent and durability. However, a few have mentioned it's "too sweet" for their liking, serving as a reminder that scent preferences are highly subjective. One satisfied customer proclaimed: "Absolute Game Changer. This has genuinely made such a difference-I didn't realise how much I needed it until I had it. Now I can't imagine being without it. It's reliable, well made, and just makes life that little bit better every day. Total game changer. If you're on the fence, take this as your sign to go for it!" Whilst another enthusiastic shopper shared: "The best perfume ever made. You wanna know how good this perfume is? I have tried probably 30-40 perfumes in my life and never found one that I love AND actually stays on my skin. This lasts all day. Literally all day. I put it on yesterday after my bath about 6pm.. can still smell it 10am the next day and on clothes even longer. I love it that much I ordered another bottle a few days later as didn't wanna lose out on the amazing price. If you're contemplating it just get it it's incredible I've finally found my signature scent!" Nonetheless, fragrance preferences are subjective, and the scent may not be for everyone. A three-star review stated: "Not that keen on the scent when it arrived but will use it with other perfumes. Wish we could have small samples before buying." For another, the aroma was too sugary: "Very sweet smelling. Age range range for the young." On the flip side, someone else enthused: "Great! I recommend it: good price, great fragrance and great staying power. The best investment you can make is in yourself. You won't be disappointed." For those who fancy sampling a variety of fragrances before settling on a full-sized bottle, the Sol de Janeiro Exclusive and Limited Edition Perfume Mist Discovery Set could be an ideal choice. Currently reduced to £28.50, this set includes four 30ml bottles of their top-selling scents. Join our Shopping & Deals WhatsApp for the best bargains and fashion news WHATSAPP: Get the best deals and exclusive discount codes straight to your phone via our WhatsApp group. Users must download or already have WhatsApp on their phones to join in. All you have to do to join is click on this link, select 'Join Chat' and you're in! We may also send you stories from other titles across the Reach group. We will also treat our community members to special offers, promotions, and adverts from us and our partners. Some of these articles will contain affiliate links where we will receive a commission on any sales we generate from them. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose Exit group. If you're curious, you can read our Privacy Notice.
NDTV
31 minutes ago
- NDTV
Watch: Indian Woman Shows "Reality Of Canada", Massive Queue For Just 5 Job Positions
Dozens of Indians and other foreign students in Canada have been seen queuing up to seek jobs at a modest employment fair. Taking to Instagram, an Indian woman living in Canada shared a video of the long queue of applicants outside the job fair, highlighting the intense competition for employment among international students. In the clip, she addresses a common perception among many Indians that foreign countries guarantee abundant job opportunities and a better lifestyle, and contrasts it with the challenging reality faced by many international students. "Guys, hamare jo Indian friends ya relatives hain jinko lagta hai ki Canada mein bahut jobs aur paisa hai, unko ye video dikha dena," the Indian woman says in the video. She then shows the long queue of job seekers outside the employment fair. She reveals that the job opening is for a basic internship and that only 5 to 6 people will be hired. "This is the reality of Canada. If you're prepared for this, then come to Canada-otherwise India is better," the woman says. "Life abroad isn't always a dream. Sometimes it's just... a long queue," the caption of the post reads. Watch the video below: View this post on Instagram A post shared by Kanupria | Canada Explorer (@kanutalescanada) The clip, which has gone viral, highlights the job crisis and rising unemployment in Canada. It has prompted a wave of reactions from both immigrants and those aspiring to move abroad. "First honest video I saw of letting people know the truth. There are other influencers trying to give people the wrong information and impression to move to Canada," wrote one user. "Same situation here in Toronto. Even for survival jobs, it's a long wait," commented another. "Everyone thinks it's a land of opportunity until they see the reality," said a third user. However, some users were more optimistic. "Yes, it's tough, but with the right skills, you can still make it," wrote one user. "This is exaggerated. There are jobs if you know where to look," said another. "Vancouver has jobs , the issue is skill mismatch, not job shortage. Companies like Microsoft, Amazon, Lululemon, BC Hydro, Telus, FortisBC, and Vancouver Coastal Health are always hiring. It's about having the right skills, not blaming the city/country," one user wrote. "Only entry level jobs have competition, once you have experience and skills you will be valued," said another.
Hindustan Times
41 minutes ago
- Entertainment
- Hindustan Times
Who is Mark Bezos? Jeff Bezos' rarely seen half-brother shines at Venice wedding as he resembles to This Hollywood star
Mark Bezos, the younger half-brother of Jeff Bezos, and his wife Lisa Bezos attended the Amazon's founder's groom's party in Venice. As Mark attended the wedding in black tux, he resembled a Hollywood star. Mark Bezos with his wife Lisa Bezos at the wedding of Jeff Bezos in Venice. (Image: AFP via Getty Images) He is said to be lookalikes of Bruce Willis and even Dwayne 'The Rock' Johnson, who starred in Moana and Jumanji. While Mark isn't a Hollywood celebrity, he has been rubbing elbows with a handful of the celebrities and wealthy who made their way to Venice to witness the wedding. Mark is a businessman like his elder half-brother, but he avoids the limelight and prefers to work more behind the scenes. In 1996, Mark decided to assist his elder brother Jeff and his firm, Amazon, continuing some of his family's traditions. Bloomberg reported that he purchased 30,000 Amazon shares for $10,000 that year, joining sister Christina. It is estimated that they would have been valued $640 million in 2018 if they had opted to keep the shares. Mark, who is also known for charities, works as a director of Robin Hood, an esteemed anti-poverty group in New York City. In addition to his charitable work, he co-founded the consumer brand-focused private equity business HighPost Capital. Also Read: Jeff Bezos, Lauren Sanchez join list of richest married couples; Here's how prenups for wealthiest people take place A quick recap of Jeff Bezos and Lauren Sanchez's wedding Jeff Bezos and Lauren Sanchez tied a knot on June 27 in an extraordinarily lavish Venice wedding, after a few days of star-studded nuptial events. The family matriarch Kris Jenner, sisters Kim and Khloé Kardashian, their youngest sisters Kendall and Kylie Jenner, Oprah Winfrey, model Brooks Nader, Leonardo DiCaprio and his model girlfriend Vittoria Ceretti, and Bezos' fellow billionaire Bill Gates were among the A-list guests photographed en route to the ceremony. According to Vogue magazine, Lauren Sánchez Bezos wore a high-neck Dolce & Gabbana silhouette dress with a tulle-and-lace veil that was similar to the veil worn by famous Italian actress Sophia Loren in the 1958 movie 'Houseboat.' About 70 of the 200 guests were the couple's relatives, according to Vogue. Before sharing her wedding photo, she wiped her Instagram, leaving just three (now archived) pictures. In addition, the journalist changed her handle to @laurensanchezbezos and her display name to 'Lauren Sánchez Bezos'.
Time of India
42 minutes ago
- Entertainment
- Time of India
Jeff Bezos and Lauren Sanchez's wedding isn't over yet—another lavish bash awaits
Source: Instagram/@laurensanchezbezos Jeff Bezos and Lauren Sanchez are officially married. The Amazon founder, 61, and the Emmy-winning journalist, 55, exchanged vows on the romantic island of San Giorgio Maggiore in Venice, Italy, on Friday night, June 27, 2025. With only about 200 handpicked guests arriving by motorboat to the exclusive ceremony, the couple tied the knot in what is being called the 'wedding of the century.' Dressed in a stunning custom Dolce & Gabbana lace gown, Sanchez beamed in a photo she shared on Instagram shortly after the ceremony, standing arm-in-arm with Bezos, who wore a classic black tuxedo. It was a moment of glamour and celebration—but if you've been following the festivities closely, you'll know: the wedding isn't over yet. Another party tonight in Venice According to Daily Mail, the newlyweds are throwing yet another party tonight, June 28, just hours after their wedding ceremony. The next round of celebrations will unfold in the Arsenale area of Venice, known for its historical grandeur and spacious venues. Source: Instagram/@laurensanchezbezos While the main event may be behind them, the couple clearly isn't done celebrating. This second celebration is expected to match the extravagance of their nuptials, giving their high-profile guests one more night of opulence, dancing, and high fashion under the Venetian sky. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Confirmed - This is the deadliest snake in the world Novelodge Undo Inside the three-day wedding extravaganza The Friday ceremony was the centerpiece of a three-day celebration that transformed Venice into a temporary playground for the ultra-rich and famous. The couple and their guests began arriving earlier in the week aboard private planes and luxurious yachts, creating a frenzy of celebrity sightings across the city's iconic canals. Guests were treated to high-end events, gourmet dining, and live performances, including a romantic appearance by Matteo Bocelli, son of world-renowned tenor Andrea Bocelli. Cheers echoed across the Venetian lagoon on Friday evening as the ceremony concluded, followed by private parties behind tightly guarded doors. Among the guests spotted: Oprah Winfrey, Leonardo DiCaprio, Orlando Bloom, Katy Perry, Barry Diller, Usher, Jewel, Tom Brady, Bill Gates, Ivanka Trump and Jared Kushner, and OpenAI CEO Sam Altman. The gathering blended Hollywood glitz, tech titans, and global elites—all under one carefully curated guest list. A wedding worth tens of millions Source: Instagram/@laurensanchezbezos Pulling off such an extravagant affair in Venice came with serious logistical challenges and a staggering price tag. Veneto Governor Luca Zaia estimated the total cost of the celebration at €40–48 million (up to $56 million), which is more than 1,000 times the $36,000 average wedding cost for American couples in 2025, according to Zola's wedding report. Hosting a wedding in Venice, where every flower arrangement, sound system, and glass of champagne must be transported by boat, significantly increases costs. 'There's very tight control, especially on movement there with boats,' said Jack Ezon, CEO of luxury travel firm Embark Beyond, in a quote to AP. 'It at least triples the cost versus staging the same soiree in Rome or Florence.' Despite the challenges, the event was executed with flawless precision, turning Venice into a floating stage of love, wealth, and spectacle.
