New technologies are exciting, but investors chasing the next big trend can get burned. Artificial intelligence (AI) might be the hottest thing on Wall Street in some time. Hype over its potential has played a significant role in driving the stock prices of many companies connected to the industry higher since last year — among …
Microsoft (MSFT) announced its second quarter earnings on Tuesday, beating expectations on the top and bottom lines. The company reported adjusted earnings per share of $2.93 on revenue of $62 billion, beating expectations of adjusted EPS of $2.78 on revenue of $61.1 billion. The beats, however, failed to completely satisfy investors, as the stock moved …
Cathie Wood and Warren Buffett don’t have a ton in common. Buffett is an investor who traditionally seeks steady growth and often looks for dividend plays. This simple investment strategy has become a modern-day staple for investors of all ages. On the other side, Wood has taken bullish stances on emerging markets such as artificial …
Let us be thankful for the AI industry. Its leaders may be nudging humans closer to extinction, but this year, they provided us with a gloriously messy spectacle of progress. When I say “year,” I mean the long year that began late last November, when OpenAI released ChatGPT and, in doing so, launched generative AI …