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  • Yahoo Finance Video

    CrowdStrike fallout, US economy, Tesla robotaxi: Market Domination

    Tech-heavy markets are feeling the brunt of the global IT outages linked back to a CrowdStrike (CRWD) software update on Microsoft Windows systems (MSFT). Julie Hyman and Josh Lipton monitor these market moves in Friday's final trading hour in this episode of Market Domination. Microsoft corporate vice president and deputy CISO Ann Johnson comes onto the program to explain how and why these outages occurred, believing it to be linked to "something that was unexpected" and beyond CrowdStrike's control. Baird managing director and market strategist Michael Antonelli talks about whether markets (^DJI, ^IXIC, ^GSPC) still have room to grow as investors move out of Big Tech and eye the uncertainty surrounding the 2024 election and Federal Reserve interest rate cuts: "I want everybody to remember the US economy is not an on-off switch. It's a dimmer... It grows brighter, grows darker. That's how it works." Top trending stock tickers on the Yahoo Finance platform today also include Travelers Companies (TRV), Intuitive Surgical (ISRG), and Starbucks (SBUX). This post was written by Luke Carberry Mogan.

  • Yahoo Finance Video

    CrowdStrike 'too critical a tool' to cast off after outages

    Major tech outages happened worldwide as issues with a CrowdStrike (CRWD) software update disrupted airline operators, banking institutions, and healthcare systems. Global issues arose after CrowdStrike updated software in Microsoft Windows (MSFT) systems. Citizens JMP Securities equity research analyst Trevor Walsh joins Market Domination to give insight into the incident with CrowdStrike and what it means for company and those in the cyber security sector moving forward. Walsh argues this incident won't really affect CrowdStrike's overall health ahead of its next earnings release on September 4, reducing it to "one-off basis" rather than a broader risk to the cybersecurity firm. "The criticality of CrowdStrike as a security platform tends to, I think, outweigh some of those issues in the sense of customers can't afford to just turn them off and not renew because of one incident. They're just too tied into the ecosystem," Walsh tells Yahoo Finance. "They're too critical of a tool and what kind of within the overall stack. So I think those conversations certainly have the potential to emerge..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

  • Yahoo Finance Video

    AI still years out from 'physical' applications: Strategist

    Big Tech has experienced a dip in the past few trading days as investors seem to be rotating out of the sector in favor of small-cap stocks. Spear Invest founder and CIO Ivana Delevska joins Market Domination to give insight into the current performance of the tech sector (XLK) and inform investors know what to keep in mind moving forward. Deleveska argues that Big Tech isn't going anywhere because, to truly implement AI in these businesses, it will take considerable investments.  Using Google's (GOOG, GOOGL) and Meta Platforms' (META) products as examples, she states: "As we go forward, it's going to take 2 to 3 years to see real applications come through. We are already seeing it on the early side with customer service and productivity improvement tools that are really leveraging the large language models, but the next level, the next layer of opportunity, will be in the physical, like robotics, autonomous driving, and that's going to take a little bit longer to play out. Nevertheless, you do need to make the investments today in compute to be able to advance these applications even a little bit. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino