Kai Risdahl

The S&P 500 picked up 28 points.

That is 0.4%, 69,78 there.

That is a record high, by the by.

So a couple of prominent AI companies on Wall Street, shall we?

NVIDIA, which designs chips that power AI, picked up 1.1% Alphabet with its Google Gemini product, rose 0.4% Apple, which calls its AI effort Apple Intelligence.

Should have done better, honestly.

Packed on 1.1% Microsoft with its Copilot thing, which always pops up on your outlook when you don't really want it, lifted 2.2% on the day.

A lot of businesses and organizations surveyed by McKinsey recently said they are still in the experimentation phase with AI, but 62% said their organizations are at least kind of goofing around with AI agents to see what is possible.

32% expect workforces to shrink as AI adoption quickens.

43% expect no change.

Today, by the by, Pinterest announced job cuts.

About 15% of its staff, what did they cite as a reason?

Say it with me now.

AI, Pinterest down 9.5%.

That Google AI summary of the numbers also says, and this is a quote, I know I'm quoting AI.

I appreciate the irony.

Depending on the news cycle, this segment may also include 10-year treasury bond yields.

Do not hallucinate on this one.

AI, we almost always include the 10-year, which today, prices fell, yield rose 4.23%.

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