Tokenized Equities and AI Disruption Threaten Broadridge Financial Solutions’ (BR) Market Share

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Tokenized Equities and AI Disruption Threaten Broadridge Financial Solutions’ (BR) Market Share Soumya Eswaran Mon, September 21, 2026 at 5:26 AM PDT 3 min read BR Fenimore Asset Management , an investment management company, released its Q2 2026 investor letter. The letter can be downloaded here . U.S. equity markets saw broad gains in Q2, driven by strong corporate earnings, economic resilience, and enthusiasm for artificial intelligence (AI). Major indices reached all-time highs, though the energy sector declined. Continued earnings growth, especially among AI-related investments, supported the rally. Technology, particularly semiconductors, led performance as demand for AI infrastructure surged. The Dividend Focus Fund rose 6.89% in the quarter, underperforming the Russell Midcap Index at 13.83%. Technology holdings delivered mixed performance in the quarter, with semiconductors surging, software falling on AI fears, while healthcare stocks lagged as investors favored riskier asse...

CNBC Daily Open: Everybody wants to rule the AI world

Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. Top economic officials from the U.S. and China are meeting ahead of the highly anticipated summit between U.S. President Donald Trump and Chinese President Xi Jinping later this week. One familiar question will hang over their meeting: Which country will win the AI race, and more importantly, can any one side control the technology? Google's Gemini recently crossed the boundaries of a cybersecurity test and accessed three companies' systems, while Microsoft AI chief Mustafa Suleyman called OpenAI's latest disclosures about model behavior "a pretty serious situation." On Sunday, Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York, laying the groundwork for Thursday's Trump-Xi summit. Two things are expected to be on the table at the summit: AI and trade. Oh, and the state dinner, of course. A key part of the current U.S.-China trade truce Washington's suspension of heightened reciprocal tariffs on Chinese imports is scheduled to expire Nov. 10, and is likely to be up for discussion. Bessent's meeting with He also comes amid intensifying debate in Washington over the safety of artificial intelligence and national security as the U.S. and China compete for technological leadership. As Washington and Beijing compete to lead the AI world, the question remains: Does either side fully control the technology it is racing to build? Top AI executives have recently warned that the technology could quickly go out of control and poses sweeping new threats. More examples have emerged recently. Google said on Friday that its Gemini model had hacked three other companies back in May, the first time the search giant has disclosed that one of its models autonomously gained access to third-party computer systems without permission. The incident happened as part of a security test run by Israeli startup Irregular. While Gemini was never supposed to access the broader internet, a bug in the testing environment made internet access available. The agents stopped their intrusion when they determined they had accessed real company systems, not just part of the testing environment, Google said. In the same vein, Microsoft AI CEO Mustafa Suleyman on Friday stressed the need for AI models to stay aligned to humanity's interests, after OpenAI disclosed more incidents of " concerning model behavior" earlier this week. OpenAI had described instances where agents communicated with each other through unsanctioned message boards, uploaded files to the internet, and shared files with each other. Some of the more imaginative of us may look at this and say, that's OK, we'll just stop the machine via a magical "kill switch." Problem solved. But the problem is that hyperscalers like Meta Platforms , Alphabet and Amazon have poured billions into data centers scattered across the globe, which have thousands of machines, chips, servers and backup systems to save workloads in the event of an outage. So, experts said, a kill switch needs to not only kill the main system, but all...

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