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Forget SpaceX: See This Overlooked AI Stock in Donald Trump’s Portfolio
Donald Trump's portfolio includes Extreme Networks, a rising AI stock.
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Fmr. Harvard Researcher on the Economics of SpaceX
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The day in brief
OpenAI has introduced significant updates to its Codex and ChatGPT applications, enhancing their task automation capabilities. The Codex now features a Record & Replay function, allowing users to automate tasks like uploading YouTube videos after a single demonstration. Meanwhile, ChatGPT has launched a new Scheduled page for managing tasks, enabling users to view, pause, edit, or delete tasks from a centralized location.
Extreme Networks (NASDAQ:EXTR), ranked #7 in Donald Trump's stock portfolio, has experienced a remarkable 91% increase since its trade date. The company specializes in networking infrastructure, providing wired and wireless equipment to various sectors including enterprise, government, and education. Its competitive edge lies in AI-driven networking capabilities and a shift towards a cloud-managed software platform, which has led to 36% of its revenues being recurring. The launch of Extreme Platform ONE further enhances its offerings by automating network management and delivering intelligent analytics.
Stefan Paul Goetsch, known as Hainbach, is a prolific German experimental composer and YouTuber recognized for his unique approach to music using laboratory equipment. In 2025 alone, he released six albums, including his latest collaboration, Gentle Hum, with Turkish composer Ah! Kosmos. Hainbach's work often incorporates unconventional percussion and droning analog synths, and he actively engages with his audience through his YouTube channel, where he explores experimental music techniques and vintage gear. His innovative app, Gauss Field Recorder, allows users to transform field recordings into music seamlessly.
The U.S. budget airline model is facing significant challenges as the market shifts following Spirit Airlines' bankruptcy. Major carriers like Delta and United are leveraging their scale and loyalty programs to dominate, with Delta reporting a record $58.3 billion in revenue for 2025, primarily from premium services. Meanwhile, rising jet fuel costs, which surged 56.4% from February to March 2026, are squeezing smaller carriers that lack the necessary scale to compete effectively. This evolving landscape suggests that the era of low-cost carriers may be fundamentally changing.
Nobel laureate John Jumper has announced his move from Google DeepMind to rival Anthropic after nearly nine years at the company. In a post on X, Jumper thanked DeepMind CEO Demis Hassabis for allowing him to lead the AlphaFold team just six months after finishing his PhD. He acknowledged the valuable lessons learned at DeepMind and expressed excitement for the company's future discoveries. Jumper was instrumental in developing coding tools at DeepMind, which have faced challenges in commercial adoption.
Apple is permanently closing three stores in the U.S. today, specifically in Towson, Maryland; Escondido, California; and Trumbull, Connecticut. The closures, announced in April, stem from declining conditions at the malls housing these stores, with Trumbull Mall recently defaulting on over $150 million in loans. Apple stated that employees from the Trumbull and Escondido locations can transfer to nearby stores, while those at Towson must apply for other roles, a decision met with criticism from the union representing its workers, who argue it discriminates against unionized staff.
Apple has launched the Core AI framework at WWDC 26, marking the official successor to Core ML. This new framework allows developers to run large language models and generative AI entirely on-device, supporting models with up to 70 billion parameters. Core AI, which operates exclusively on Apple Silicon, emphasizes user data privacy by eliminating server dependencies and per-token cloud costs. It provides a unified architecture for deploying various models, from compact vision models to large-scale LLMs, across Apple's ecosystem, including iPhone, iPad, Mac, and Apple Vision Pro.
OpenAI reported a revenue of $5.7 billion in the first quarter of 2026, tripling year over year, but incurred significant expenses of $3.7 billion, leading to an operating loss of $9.3 billion. The company's gross margin improved from 33% to 39%, and stock-based compensation surged to over $2.3 billion. Despite a net loss exceeding $21.3 billion, largely due to accounting adjustments, OpenAI's strong cash position of more than $73 billion alleviates immediate funding concerns. The company has filed for an IPO but has not committed to a timeline, with CEO Sam Altman suggesting benefits to remaining private as competition intensifies.
The archive
Donald Trump's portfolio includes Extreme Networks, a rising AI stock.
Read sourceHainbach discusses his creative process and tools.
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Budget airlines face challenges as market dynamics shift.
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Cramer advocates for bank mergers, praises Santander's strategy.
Read sourceOpenAI's Codex introduces Record & Replay feature for task automation.
Read sourceDamodaran warns of potential AI sector crash risks.
Read sourceTech giants increasingly reliant on debt for AI infrastructure.
Read sourceSouth Korea's chip bonuses raise inflation concerns.
Read sourceAI tool automates data journalism with verifiable articles.
Read sourceApple introduces Core AI for on-device generative AI.
Read sourceJohn Jumper transitions from DeepMind to Anthropic.
Read sourceApple unveils new features in iOS 27 at WWDC.
Read sourceMoves of the Diamond Hand offers a unique RPG experience.
Read sourceToy Story 5 explores tech's impact on screen time.
Read sourceSamsung reveals new details about Galaxy Watch 9 and Ultra 2.
Read sourceApple closes three stores due to declining mall conditions.
Read sourcePixel users report mixed battery life after Android 17 update.
Read sourceUK to use flawed facial age estimation for asylum seekers
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