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- Yahoo
Along With $100 Billion U.S. Manufacturing Commitment, Apple's Tim Cook Gifted Trump A Glass 'Made In USA' Plaque On 24-Karat Gold
Apple (NASDAQ:AAPL) CEO Tim Cook earned the title of "tech's Trump whisperer" in the president's first term, and he just may have shown why. Cook gifted President Donald Trump a glass plaque with a 24-karat gold base on Aug. 6. The move came as he announced at the White House that Apple would invest $100 billion in the U.S. over the next four years, adding to the $500 billion the company had announced in February. The plaque was engraved with Trump's name, a reference to Apple's U.S. manufacturing efforts, Cook's signature and the phrase "MADE IN USA." Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Bill Gates Warned About Water Scarcity. "It's a unique unit of one," Cook said. He pointed out that the glass came from U.S. glass maker Corning (NYSE:GLW) and that the base came from Utah. What's more? Cook said it was all designed by a former U.S. Marine who now works for Apple. "Thank you very much, it's fantastic," Trump said. Cook's gift may offer a masterclass on how to curry favor with the president, combining two things of apparent symbolic importance to Trump: gold and the military. From golden tweezers to gold merchandise and, most recently, the gold card visa, Trump's love for gold is well documented. In the same vein, he is also known for his love of displays of military might, though his treatment of veterans has come under question. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can But Cook's gift also adds to mounting legal and ethical concerns about Trump accepting gifts from foreign governments and business leaders seeking to curry favor. Still, the White House continues to deny any wrongdoing on the part of the president. "Elected leaders and business titans from around the world are traveling to the Oval Office to make historic investments into America because of President Trump's bold vision," White House spokesperson Davis Ingle told Axios. "Often these leaders are eager to share gifts highlighting the exciting work they are doing." Nonetheless, for Cook and Apple, the recent presentation has had the desired effect. During the meeting, Trump announced plans for a 100% tariff on semiconductor chips, adding that Apple would be exempt from the charge."The good news for companies like Apple is if you're building in the United States or have committed to build in the United States, there will be no charge," Trump said. Despite this major U.S. commitment and a personal exemption from new chip tariffs, Apple still faces significant challenges navigating the global trade landscape created by Trump. Cook said in May that tariffs on goods from India and Vietnam could add $900 million to its costs in its fiscal Q2. Read Next: These five entrepreneurs are worth $223 billion – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CORNING (GLW): Free Stock Analysis Report This article Along With $100 Billion U.S. Manufacturing Commitment, Apple's Tim Cook Gifted Trump A Glass 'Made In USA' Plaque On 24-Karat Gold originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
3 hours ago
- Yahoo
SoundHound's millionaire boss founded 3 software startups before even graduating—he tells Gen Z who want to be their own boss ‘throw darts randomly'
SoundHound AI CEO Keyvan Mohajer built his -inspired $6.5 billion company in his Stanford dorm room—but even before then, he already had three software startups under his belt. They weren't all unicorns, but the willingness to pursue big ideas despite the risk of failure is a lesson Gen Z founders can embrace, he tells Fortune. As someone who immigrated from Iran at age 17 knowing little English, becoming a tech entrepreneur one day may have seemed like a far-fetched dream. But Keyvan Mohajer always kept the mindset: You cannot hit big unless you try. And try he did. By the time he walked across the stage at the University of Toronto to receive his bachelor's degree in engineering, Mohajer already had three software companies to his name. Each later became profitable and helped seed the voice-AI project he began in his Stanford dorm room in 2004—which evolved into SoundHound AI. Today, the AI-voice communication company is worth more than $6.5 billion and has landed deals with clients including Nvidia, Snapchat, Mercedes-Benz, and more. For Mohajer, who serves as CEO, failure has only ever served as motivation. And, it's a lesson Gen Z eager to launch side gigs can learn from: The willingness to go out on a limb and build a company from scratch may sound intimidating—but it only takes one good idea to explode into major success. 'Every attempt, you should think of it as this is the one that's going to succeed… Because if you just throw darts randomly at the target, for every attempt, there is the one that's going to get the bullseye,' Mohajer tells Fortune. From dorm room to the boardroom Mohajer grew up always fascinated by two things: movies and robots. So, after first seeing Star Trek, he always dreamed of how to bring computerized voice systems into the real world. But only after meeting his later cofounders, James Hom and Majid Emami, during his Stanford electrical engineering doctoral program did he realize he could be part of the team to make it a reality. Their first product was simple: query by humming. Two weeks prior to Christmas, the team didn't leave their dorm room until they could build a product that could take their database of 20,000 media files and detect what song was being hummed. But by December 24, the code was cracked.'It was on Christmas Eve that I finally hummed this Godfather soundtrack, and it told me, 'You're singing The Godfather,'' he said to the Iranian Students of California's The Tale of a Success series. His pitch to investors became simple: AI-powered voice is the future. 'In 20 years we will talk to computers and they will talk back to us and that will change computing.' And while it took years for SoundHound to get up off the ground, he tells Fortune finding his passion, or what makes his 'heart beat faster,' has been core to his success today. 'You can do things and go through life and get by and check boxes and be average,' he says. 'But I really wanted to be excellent, and I wanted to push boundaries. I want to go to places others haven't gone before, and that gave me the drive to be an entrepreneur and just push the limits and combining the two.' While SoundHound's market performance has had dramatic ebbs and flows, the stock price is up over 200% in the past year. This is thanks in part to a better-than-expected earnings report from earlier this month; the company's revenue is up 217% year-over-year. Its market cap is over $6.5 billion. Founders who got their start in the dorm room At a time when college students are questioning the value of a degree, SoundHound's founding story is another reminder of the innovation that often spurs across college campuses—even if it is just from cofounders meeting for the first time. Companies such as Databricks, a $62 billion data software company, as well as Google, worth over $2.4 trillion, also planted roots in college. Both sets of founders met on Stanford's campus. But there perhaps is no more famous company that spurred from the college experience than Facebook. Mark Zuckerberg met his cofounders, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes at Harvard University and built the foundation of the social platform now known as Meta (now worth nearly $2 trillion). The billionaire returned to his alma mater in 2017 and said he never expected to be such an entrepreneurial success story. 'The thing is, it never even occurred to me that someone might be us,' Zuckerberg said. 'We were just college kids. We didn't know anything about that. There were all these big technology companies with resources. I just assumed one of them would do it.' 'We've all started lifelong friendships here, and some of us even families,' he added. 'That's why I'm so grateful to this place. Thanks, Harvard.' This story was originally featured on
Yahoo
3 hours ago
- Yahoo
2 Soaring Tech Stocks to Buy and Hold for the Next Decade
Key Points Microsoft is well on its way to dethroning Amazon in the ever-expanding cloud market. Oracle's autonomous database business is booming, and it sees further room for growth. 10 stocks we like better than Microsoft › Investors looking for winning stock ideas for the next decade need to look no further than the companies enabling artificial intelligence (AI) adoption. The recent financial results of leading companies serving the cloud computing market show that enterprise investment in AI is still in the early stages. Here are two stocks to profit from this opportunity. 1. Microsoft Microsoft (NASDAQ: MSFT) is the 800-pound gorilla in the cloud services market. While Amazon continues to control the top spot in market share, Microsoft Azure is growing faster and is on pace to eventually overtake the No. 1 position in the cloud market. Microsoft stock is up 26% year to date. Azure and other cloud services from Microsoft posted a 39% year-over-year increase in revenue for the fiscal fourth quarter (which ended in June). Management credits its growing footprint of over 400 data centers in 70 regions around the world for its momentum. The company is further bolstering its competitive position with tools like Microsoft Fabric. This is a data and analytics platform that is rapidly expanding. Revenue grew 55% year over year last quarter, indicating that Microsoft is positioned to capture demand for AI-driven database services. Microsoft generates $281 billion in annual revenue right now, yet management noted that there is $368 billion worth of contracted backlog across its cloud business. With a company this large growing earnings per share at 24% year over year in the recent quarter, it's possible that Wall Street is still underestimating the size of the AI opportunity. Analysts are projecting low-double-digit earnings growth over the next few years, but that might be underestimating the company's opportunity. Microsoft has delivered excellent returns for investors for many years, and that streak doesn't appear to be ending anytime soon. 2. Oracle Oracle (NYSE: ORCL) is another top tech stock to ride the growing investment in cloud services. Oracle's Cloud Infrastructure business is experiencing explosive growth, which sent the stock to new highs after its fiscal Q4 earnings report in June. "In Q4, we hit double-digit revenue growth and it's only going up from here," CEO Safra Catz said during the earnings call. Oracle has been building up its cloud offering for over a decade, and it's paying off. Companies are choosing Oracle for its market-leading database services to leverage autonomous features. Autonomous database consumption revenue grew 47% year over year, accelerating from 27% growth in the year-ago quarter. Beginning in fiscal 2026, management expects growth to accelerate. Company guidance calls for total cloud revenue growth to be over 40% in constant currency, with cloud infrastructure growth of over 70%, which includes the autonomous database business. Oracle is playing an important role in enabling the AI revolution across the economy. This is evidenced by its participation in the Stargate Project with OpenAI, which aims to build state-of-the-art AI infrastructure in the U.S. The revenue expected from Stargate should at least marginally contribute to Oracle's growth over the next decade. For what it's worth, Wall Street analysts expect Oracle's adjusted (non-GAAP) earnings to grow at an annualized rate of 19% through fiscal 2030. Oracle is an industry-leading cloud database provider with a large suite of enterprise applications. It has a long history of delivering solid returns to investors, with the stock up over 500% in the last decade. With growth accelerating due to AI, it should continue to reward shareholders. Should you buy stock in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Microsoft wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Microsoft, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 2 Soaring Tech Stocks to Buy and Hold for the Next Decade was originally published by The Motley Fool