Nvidia Inc NVDA and Meta Platforms Inc META , top artificial intelligence (AI) plays and elite members of the Magnificent 7 club, are topping the S&P 500 leaderboard so far this year.
These two stocks were among the best performers of 2023 indeed, Nvidia was the years winner by a country mile with a gain of 239% and also led the powerful fourth-quarter surge that has resumed in the opening weeks of 2024.
Much of this momentum is based on the anticipation that AI will become a significant revenue stream, despite it not yet making a substantial impact on the earnings of either company.
Some fear that these AI expectations have become overplayed and the risk of disappointment could burst this AI baby bubble, as analysts at Bank of America call it.
Also Read: Is Tesla Still A Magnificent 7 Stock? Berkshire Hathaway, Broadcom, Eli Lilly Line Up As ContendersAI Plays Outside Magnificent 7
If, however, investors believe that AI will come to dominate tech growth, there are a number of stocks sitting outside the Magnificent 7 that are also right up there on the S&P 500 leaderboard but at less lofty valuations.
Among the likely most important use cases for AI will be cybersecurity. As cyber criminals become more sophisticated, those safeguarding corporate networks and data are expected to deploy AI models to maintain a lead in security measures.
Palo Alto Networks PANW says: AI is a critical piece of our history of solutions that prevent successful cyber-attacks.
Cortex is Palo Alto Network's AI-based continuous-security platform, which continually evolves to help
the security operations center stop the most sophisticated threats.
Palo Alto shares are up 28% so far in 2024, having gained 111% in 2023.
The companys last quarterly earnings report was impressive, reporting earning of $1.36 per share, comfortably beating consensus expectations of $1.16.
Fortinet FTNT plays out a similar theme. The company says: Our experts develop and utilize leading-edge machine learning (ML) and AI technologies to provide timely and consistently top-rated protection and actionable threat intelligence.
Its shares are up 20% so far in 2024, and gained 20% during 2023 despite a sharp drop in August 2023.Loading… Loading…
Nevertheless, its fourth-quarter earnings report last Wednesday beat market expectations and analysts like the stock, with Goldman Sachs on Thursday raising its price target to $85. The shares currently stand at $70.44.
Juniper Networks JNPR calls itself a leader in AI and cloud networking. The company says of its product: [Our] highly performant and adaptive network infrastructures are optimized for the connectivity, data volume, and speed requirements of mission-critical AI workloads.
Year to date, Junipers shares are up 26%, following a 6% loss in 2023. However, the shares surged around 20% alone on Jan. 8 after it was reported that Hewlett Packard HPE was in advanced talks to take over the company.
Arista Networks ANET has also developed AI networking systems, and says: Arista's open, interoperable solutions and emphasis on operational efficiency,automation, and streamlined management workflows contribute to lower operational costs and overall total cost of ownership for AI networking deployments.
So far in 2024 Aristas shares have gained 20%, after rising 94% over 2023.
The company reports its fourth-quarter earnings on Thursday, and is expected to post earnings per share of $1.70, up from $1.41 in the same quarter a year ago.
Now Read: AI Titans Meta, Microsoft, Nvidia Join Biden On Safety Initiative
An oil tanker seized by the US off the Venezuelan coast on Wednesday spent years trying to sail the seas unnoticed.
Changing names, switching flags, and vanishing from tracking systems.
That all came to an end this week, when American coast guard teams descending from helicopters with guns drawn stormed the ship, named Skipper.
A US official said the helicopters that took the teams to the tanker came from the aircraft carrier USS Gerald R Ford.
Image: The USS Gerald R Ford (in grey) off the US Virgin Islands on 4 December. Source: Copernicus
The sanctioned tanker
Over the past two years, Skipper has been tracked to countries under US sanctions including Iran.
TankerTrackers.com, which monitors crude oil shipments, estimates Skipper has transported nearly 13 million barrels of Iranian and Venezuelan oil since 2021.
More on Nicolas Maduro
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And in 2022, the US Treasury Office of Foreign Assets Control (OFAC) placed Skipper, then known as Adisa, on its sanctions list.
But that did not stop the ship’s activities.
Image: Skipper pictured from the Venezuelan shore. Source: TankerTrackers.com
In mid-November 2025, it was pictured at the Jose Oil Export Terminal in Venezuela, where it was loaded with more than one million barrels of crude oil.
Image: Skipper (R) loads up with crude oil at the Jose Oil Export Terminal in Venezuela. Source: Planet
It left Jose Oil Export Terminal between 4 and 5 December, according to TankerTrackers.com.
And on 6 or 7 December, Skipper did a ship-to-ship transfer with another tanker in the Caribbean, the Neptune 6.
Ship-to-ship transfers allow sanctioned vessels to obscure where oil shipments have come from.
The transfer with Neptune 6 took place while Skipper’s tracking system, known as AIS, was turned off.
Image: Skipper (R) and Neptune 6 in the Caribbean Sea during an AIS gap. Source: European Union Copernicus Sentinel and Kpler
Dimitris Ampatzidis, senior risk and compliance manager at Kpler, told Sky News: “Vessels, when they are trying to hide the origin of the cargo or a port call or any operation that they are taking, they can just switch off the AIS.”
Matt Smith, head analyst US at Kpler, said they believe the ship’s destination was Cuba.
Around five days after leaving the Venezuelan port, it was seized around 70 miles off the coast.
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Skipper has tried to go unnoticed by using a method called ‘spoofing’.
This is where a ship transmits a false location to hide its real movements.
“When we’re talking about spoofing, we’re talking about when the vessel manipulates the AIS data in order to present that she’s in a specific region,” Mr Ampatzidis explained.
“So you declare false AIS data and everyone else in the region, they are not aware about your real location, they are only aware of the false location that you are transmitted.”
When it was intercepted by the US, it was sharing a different location more than 400 miles away from its actual position.
Image: The distance between Skipper’s spoofed position on AIS (towards the bottom right hand corner) and its real position when seized by the US. Source: MarineTraffic
Skipper was manipulating its tracking signals to falsely place itself in Guyanese waters and fraudulently flying the flag of Guyana.
“We have really real concerns about the spoofing events,” Mr Ampatzidis told Sky News.
“It’s about the safety on the seas. As a shipping industry, we have inserted the AIS data, the AIS technology, this GPS tracking technology, more than a decade back, in order to ensure that vessels and crew on board on these vessels are safe when they’re travelling.”
Dozens of sanctioned tankers ‘operating off Venezuela’
Skipper is not the only sanctioned ship off the coast of Venezuela.
According to analysis by Windward, 30 sanctioned tankers were operating in Venezuelan ports and waters as of 11 December.
Image: About 30 sanctioned tankers are currently operating in Venezuelan waters. Source: Windward Maritime AI Platform
The tanker seizure is a highly unusual move from the US government and is part of the Trump administration’s increasing pressure on Venezuelan President Nicolas Maduro.
In the past, Mr Ampatzidis explained, actions like sanctions have had a limited effect on illegally operating tankers.
But the seizure of Skipper will send a signal to other dark fleet ships.
“From today, they will know that if they are doing spoofing, if they are doing dark activities in closer regions of the US, they will be in the spotlight and they will be the key targets from the US Navy.”
The Data X Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.
A 52-year-old carpenter from Surrey has been found guilty of murdering his wife in a rare retrial, eight years after being acquitted.
Robert Rhodes killed his estranged wife, Dawn Rhodes, by slitting her throat with a knife at their family home in Redhill, Surrey, in June 2016.
He was previously found not guilty after a trial at the Old Bailey in 2017, where he convinced jurors that he had acted in self-defence during an argument.
It has since emerged that this was a “cover-up”, after the couple’s child came forward with new evidence that Rhodes killed Ms Rhodes, and they were involved in the murder too.
In 2021, the child, who was under the age of 10 at the time of the murder, told police they had been manipulated into lying about the true version of events by their father.
Both Rhodes and the child were found with knife wounds at the scene, which were initially claimed to have been inflicted in an attack by Ms Rhodes.
The child’s new account stated that after Rhodes killed his wife, he inflicted two wounds to his scalp before instructing the child to inflict two more on their father’s back. He then cut his own child’s arm so deeply that it required stitches under general anaesthetic.
Under the double jeopardy rule a person cannot be tried twice for the same crime, unless new and compelling evidence comes out after an acquittal or conviction for serious offences.
On Friday, jurors at Inner London Crown Court convicted Rhodes of murder and child cruelty.
He was also found guilty of perverting the course of justice and two counts of perjury.
Rhodes will be sentenced on 16 January.
What is the law on double jeopardy?
The double jeopardy rule is a legal principle that prevents a person from being tried twice for the same crime after they have been acquitted or convicted.
It’s a protection for that person from harassment. However, the law permits a retrial where someone was acquitted of a serious offence, but new and compelling evidence has since come to light which indicates the person might actually be guilty.
In this case, the new evidence from the child was compelling enough for the Court of Appeal to quash the acquittal and a retrial to take place.
Crucially, the child’s evidence was so compelling that the Court of Appeal agreed Rhodes needed to be tried again.
Surrey Police told Sky News that the child, who was of primary school age at the time and is below the age of criminal responsibility, was “groomed” by Rhodes into lying.
The Crown Prosecution Service said “the child’s part in the plan was that they would distract the mother by saying to the mother ‘hold out your hands, I’ve got a surprise for you’, and the child would then put a drawing into the hands of the mother”.
Rhodes then cut his wife’s throat. She was found lying face down in a pool of blood in the dining room.
How the case unfolded
2 June 2016 – Dawn Rhodes killed
5 June 2016 – Robert Rhodes charged with murder
2 May 2017 – first trial begins
30 May 2017 – not guilty verdict
18 November 2021 – child gives therapist new account
Late November 2021 – police reopen case
4 June 2024 – Robert Rhodes rearrested and charged the next day
7 November 2024 – Rhodes’s acquittal quashed
2 October 2025 – second trial begins
Libby Clark, specialist prosecutor for the Crown Prosecution Service’s South East Area Complex Casework Unit, said the child showed “great bravery and strength” in coming forward with the truth.
She said: “The child has grown up with the dawning realisation, I would say, that they were part of a plan. They were complicit in the murder of the mother, Dawn Rhodes.”
Legal commentator Joshua Rozenberg said there are “very few cases” where a retrial like this happens.
He said: “It’s very unusual. I don’t think there’s been a case that I can think of where a witness who was present at the scene of the crime has come forward and given evidence, which has led to a conviction.”
Traditional financial markets are moving rapidly onchain as the US Securities and Exchange Commission chair doubled down on the idea of an “innovation exemption” to accelerate tokenization.
“U.S. financial markets are poised to move on-chain,” wrote Paul Atkins, chair of the SEC, in a Friday X post, adding that the agency is “embracing new technologies to enable this onchain future.”
His comments come shortly after the SEC issued a “no action” letter to a subsidiary of the Depository Trust and Clearing Corporation (DTCC), enabling it to offer a new securities market tokenization service.
The DTCC plans to tokenize assets, including the Russell 1000 index, exchange-traded funds tracking major indexes and US Treasury bills and bonds, which Atkins called an “important step towards onchain capital markets.”
“On-chain markets will bring greater predictability, transparency, and efficiency for investors,” he said.
However, the green light for the DTCC’s pilot is only the beginning, as the SEC will consider an innovation exemption to enable builders to start “transitioning our markets onchain,” without being burdened by “cumbersome regulatory requirements,” added Atkins.
Atkins pledged to encourage innovation as the industry moves toward onchain settlement, which would mean settling transactions on a blockchain ledger, removing intermediaries, enabling 24/7 trading and faster transaction finality.
Cointelegraph has contacted the SEC for comment on the details and timeline of an innovation exemption for tokenization.
Atkins first proposed an innovation exemption for tokenization during his remarks at the Crypto Task Force Roundtable on DeFi on June 9.
The SEC’s no-action letter means that the agency won’t take enforcement action if the DTCC’s product operates as described. The DTCC provides clearing, settlements and trading services as one of the most important infrastructure providers for US securities.
Asset tokenization involves minting tangible assets on the blockchain ledger, offering more investor access through fractionalized shares and 24/7 trading opportunities.
DTCC pilot and RWA builders push more TradFi onchain
Crypto analysts have praised the SEC’s move to allow the DTCC’s new market tokenization service, which will award tokenized assets the same entitlements and investor protection mechanisms as traditional assets.
“Not sure people fully appreciate how quickly financial markets are heading towards full tokenization… Moving even faster than I expected,” wrote ETF analyst Nate Geraci, in a Friday X post.
Over the past few months, the SEC issued two no-action letters: one for a Solana-based decentralized physical infrastructure network (DePIN) project, and a second no-action letter in September that allowed investment advisers to use state trust companies as crypto custodians.
Meanwhile, crypto projects continue to raise funds to build the infrastructure necessary for tokenized onchain markets.
On Tuesday, asset tokenization network Real Finance closed a $29 million private funding round to build an infrastructure layer for real-world assets (RWAs) that can boost institutional participation.