Welcome to Markets Desk, your midday read on what's moving markets and the broader economy.
General Motors has now absorbed nearly eleven billion dollars in total charges to reset its electric vehicle strategy, including a fresh two point three billion dollar hit last quarter. The company delivered thirty-one thousand fewer EVs to dealerships in the period, though management insists the painful restructuring is nearly complete, with gas-powered truck profits continuing to carry the load.
Shifting to tech, Morgan Stanley is making a bold call on Microsoft, arguing Wall Street is fundamentally misreading the company's artificial intelligence strategy. The bank sees three underappreciated growth drivers that could push the stock fifty percent higher from current levels, suggesting the market has not yet priced in the full monetization runway of Microsoft's AI infrastructure buildout.
And speaking of artificial intelligence, the technology has now resolved a mathematical problem that stumped the field since nineteen thirty-nine. An AI model cracked the decades-old proof over the weekend, verified by peers at Imperial College London by the following morning. Mathematicians are describing the pace of AI's encroachment into pure mathematics as very rapid and very unsettling, a phrase that carries real weight coming from that community.
That's the tape. Markets Desk, signing off the floor.
