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LPL shares spike after CEO finally unveils his firm's artificial intelligence play, Cyan, to counter Hazel, after months of stock

AI News July 29, 2026 09:30 AM
LPL shares spike after CEO finally unveils his firm's artificial intelligence play, Cyan, to counter Hazel, after months of stock

LPL shares rose $10.68 to $343 or 3.22% after Rich Steinmeier promised 'agentic' AI as part of $2-billion tech spend, but not AI that can directly advise investors; the LPL stock price was as low as $265 last month