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As the trial about whether the Angels should be held at least partially liable for the death of Tyler Skaggs enters its third week, major league officials are closely monitoring the proceedings.

The trial is scheduled to last several more weeks, and it would be premature for the league to determine what action it might take against the Angels — if any — until all evidence is revealed in court and a verdict or a settlement is reached.

However, it is considered highly unlikely that the league would compel Angels owner Arte Moreno to sell the team.

Consideration of any action probably would be deferred until the league could conduct its own investigation and until a jury verdict, if there is one, is fully reviewed by an appeals court.

The Skaggs family is seeking $785 million in damages, as first reported by the Athletic, based on the allegation the Angels knew or should have known that former staffer Eric Kay was using illegal drugs, including the pills he provided to Skaggs on the night the pitcher died in 2019. The Angels deny the allegations.

The jury would not have to decide whether to award all of that money or none of it. The jury first would have to determine who was liable: the Angels, Kay, Skaggs and any other parties. Then the jury would decide what percentage of liability each of those parties should assume and what the financial compensation should be.

As an example, a jury could decide the damages should be $210 million — the amount the family listed as a minimum in a court filing — and the Angels should be held one-third responsible. Under that example, they would be assessed $70 million.

In 1943, Philadelphia Phillies owner William Cox was banned for life for betting on baseball.

If history is any indication, if the league believes an owner merits discipline, an owner would be more likely to be suspended than banned. In 1993, Cincinnati Reds owner Marge Schott was suspended one year for racist and insensitive comments.

New York Yankees owner George Steinbrenner was suspended three times: two years for illegal contributions to President Nixon’s 1972 campaign; one week after publicly criticizing umpires; and two years and five months for paying a gambler to dig up disparaging information on All-Star outfielder Dave Winfield. That last suspension originally was announced as a lifetime ban; Steinbrenner was later reinstated.

Kay, who provided Skaggs with counterfeit oxycodone pills that were laced with fentanyl, is serving a 22-year sentence in federal prison. Skaggs died in his hotel room in Texas of asphyxiation, according to an autopsy, choking on his own vomit while under the influence of oxycodone, fentanyl and alcohol.

With roughly 10 weeks to go before 2025 comes to a close, it looks as if it’ll be another banner year on Wall Street — and the evolution of artificial intelligence (AI) is a big reason why.

Empowering software and systems with AI capabilities affords them the opportunity to make split-second decisions and become more efficient at their assigned tasks without human intervention. It’s a game-changing technology that the analysts at PwC believe can add $15.7 trillion to the global economy by the turn of the decade.

Although dozens of public companies have benefited from the AI revolution, none have taken their spot on Wall Street’s mantle quite like Nvidia (NVDA 0.86%), the largest publicly traded company, and Palantir Technologies (PLTR 0.11%). Since 2022 came to a close, Nvidia stock has rocketed higher by more than 1,100% and added over $4 trillion in market value. Meanwhile, Palantir shares are approaching a nearly 2,700% cumulative gain, as of the closing bell on Oct. 16, 2025.

Image source: Getty Images.

While there’s a laundry list of reasons that can justify the breathtaking rallies we’ve witnessed in both companies, this dynamic AI duo has also issued a very clear warning to Wall Street that can’t be swept under the rug.

Nvidia’s and Palantir’s success derives from their sustainable moats

There are few business characteristics investors appreciate more than sustainable moats. Companies that possess superior technology, production methods, or platforms don’t have to worry about competitors siphoning away their customers.

Nvidia is best known for its world-leading graphics processing units (GPUs), which act as the brains of enterprise AI-accelerated data centers. Though estimates vary, Nvidia is believed to control 90% or more of the AI-GPUs currently deployed in corporate data centers.

No external GPU developers have come close to challenging Nvidia’s Hopper (H100), Blackwell, or Blackwell Ultra chips, in terms of compute abilities. With CEO Jensen Huang targeting the release of a new advanced AI chip in the latter half of 2026 and 2027, it seems highly unlikely that Nvidia will cede much of its AI-GPU data center share anytime soon.

To add fuel to the fire, Nvidia’s CUDA software platform has served as an unsung hero. This is the toolkit used by developers to build and train large language models, as well as maximize the compute abilities of their Nvidia hardware. The value of this software is exemplified by Nvidia’s ability to keep its clients within its ecosystem of products and services.

Meanwhile, the beauty of Palantir’s operating model is that no other company exists that can match its two core AI- and machine learning-inspired platforms at scale.

Gotham is Palantir’s true breadwinner. This software-as-a-service platform is used by the U.S. government and its primary allies to plan and oversee military missions, as well as gather and analyze data. The other core platform is Foundry, which is a subscription-based service for businesses looking to make sense of their data and automate some aspects of their operations to improve efficiency.

Palantir’s government contracts have supported a consistent annual sales growth rate of 25% or above, and played a key role in pushing the company to recurring profitability well ahead of Wall Street’s consensus forecast.

Yet in spite of these well-defined competitive edges, this AI-inspired dynamic duo has offered a stark warning to Wall Street and investors.

Image source: Getty Images.

Nvidia’s and Palantir’s insiders are sending a clear message to Wall Street

Though AI has been the hottest thing since sliced bread over the last three years, it’s not without headwinds.

For example, every next-big-thing technology and hyped innovation since (and including) the advent of the internet more than 30 years ago has endured an early innings bubble-bursting event. This is to say that all new technologies have needed time to mature, and evidence of that maturation isn’t wholly evident from the companies investing in AI solutions.

But perhaps the most damning message of all comes from the insiders at Nvidia and Palantir Technologies.

An “insider” refers to a high-ranking employee, member of the board, or beneficial owner holding at least 10% of a company’s outstanding shares. These are folks who may possess non-public information and know their company better than anyone on Wall Street or Main Street.

Insiders of publicly traded companies are required to be transparent with their trading activity. No later than two business days following a transaction — buying or selling shares of their company, or exercising options — insiders are required to file Form 4 with the Securities and Exchange Commission. These filings tell quite the tale with these two high-flying AI stocks.

Over the trailing five-year period, net-selling activity by insiders is as follows:

• Nvidia: $5.342 billion in net selling of shares
• Palantir: $7.178 billion in net selling of shares

In other words, insiders at the two hottest stocks in the AI arena have, collectively, sold $12.5 billion more of their own company’s stock than has been purchased since Oct. 16, 2020.

The stipulation to this publicly reported data is that most executive and board members at public companies receive their compensation in the form of common stock and/or options. To cover the federal and/or state tax liability tied to their compensation, company insiders often sell stock. In short, there are viable reasons for insiders to head for the exit that aren’t necessarily bad news.

What may be even more telling with Nvidia and Palantir Technologies is the complete lack of insider buying we’ve witnessed. The last time an Nvidia executive or board member purchased stock, based on Form 4 filings, was in early December 2020. Meanwhile, there’s been just one purchase by an executive or board member for Palantir since the company went public in late September 2020.

Neither Nvidia nor Palantir Technologies are inexpensive stocks, based on their price-to-sales (P/S) ratios. Over the trailing-12-month period, Nvidia and Palantir are valued at P/S ratios of 27 and 131, respectively. History tells us both figures aren’t sustainable over an extended period.

If no insiders from either company are willing to buy shares of their own stock, why should everyday investors?

STATE COLLEGE, Pa. — James Franklin is out at Penn State.

The school fired the longtime head coach on Sunday, less than 24 hours after a 22-21 home loss to Northwestern all but ended whatever remote chance the preseason No. 2 team had of reaching the College Football Playoff.

Terry Smith will serve as the interim head coach for the rest of the season for the Nittany Lions (3-3, 0-3 Big Ten), who began the year with hopes of winning the national title only to have those hopes evaporate by early October with three consecutive losses, each one more stinging than the last.

Penn State, which reached the CFP semifinals 10 months ago, fell at home to Oregon in overtime in late September. A road loss at previously winless UCLA followed. The final straw came on Saturday at Beaver Stadium, where the Nittany Lions let Northwestern escape with a victory and lost quarterback Drew Allar to injury for the rest of the season.

Franklin went 104-45 during his 11-plus seasons at Penn State. Yet the Nittany Lions often stumbled against top-tier opponents, going 4-21 against teams ranked in the top 10 during his tenure.

Hired in 2014 in the wake of Bill O’Brien’s departure for the NFL, Franklin inherited a team still feeling the effects of unprecedented NCAA sanctions in the wake of the Jerry Sandusky scandal.

Armed with relentless optimism and an ability to recruit, Franklin’s program regularly churned out NFL-level talent, from Philadelphia Eagles running back Saquon Barkley to Green Bay Packers edge rusher Micah Parsons. Franklin guided the Nittany Lions to the 2016 Big Ten title and a seemingly permanent spot in the rankings.

There was hope this fall might be the one when Penn State would finally break through and win its third national championship and first since 1986. Yet after three easy wins during a light nonconference schedule, the Nittany Lions crumbled.

Athletic director Pat Kraft said the school owes Franklin — who is due nearly $50 million in a buyout — an “enormous amount of gratitude” for leading the Nittany Lions back to relevance but felt it was time to make a change.

“We hold our athletics programs to the highest of standards, and we believe this is the right moment for new leadership at the helm of our football program to advance us toward Big Ten and national championships,” Kraft said.

Smith now will be tasked with trying to stop the bleeding on what has become a disastrous season. He will have his work cut out for him: Penn State’s next three games are at Iowa on Saturday, at No. 1 Ohio State on Nov. 1 and home against No. 3 Indiana on Nov. 8.

The matchups with the Buckeyes and Hoosiers were expected to be a chance for the Nittany Lions to bolster their CFP credentials. In the span of a handful of weeks, Penn State will instead find itself in the role of spoiler.

Johnson writes for the Associated Press. AP Sports Writer Will Graves in Pittsburgh contributed to this report.