The tech market has come a long way since 2022, when macroeconomic headwinds caused a market downturn that saw the Nasdaq-100 Technology index plunge 40%. The same index has since risen 68%, driven by easing inflation and advances in budding markets like artificial intelligence (AI). Amazon(NASDAQ: AMZN) has been a major growth driver in the …
Use cases revolving around artificial intelligence (AI) are exploding. Every industry is seeking to leverage the technology in some fashion. While the rapid pace of innovation is exciting, it’s worth noting that some AI applications will be more impactful than others. One key opportunity is autonomous driving. Once a concept reserved for science fiction, some …
The artificial intelligence (AI) gold rush is in full swing, and Nvidia has been one of the biggest winners thus far. Its chips power the most advanced AI systems, including ChatGPT from OpenAI, and its share price rocketed 230% over the past year. But Goldman Sachs thinks software and services companies could be the biggest …
The “Magnificent Seven” stocks control a disproportionate amount of the global technology sector. These seven stocks alone could cause massive swings in the overall market regardless of whatever the remaining thousands of stocks are doing. In fact, these seven stocks together account for a market cap of over $13 trillion, with six out of seven …
There is an answer for investors who fear they missed out on the big rally in technology stocks. After strong 2023 returns, Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL) stock has underperformed the tech-heavy Nasdaq Composite index so far this year. Shares of Google’s parent company are up about 1% in 2024 while the index has returned nearly 7%. …
Nvidia(NASDAQ: NVDA) shares soared 270% over the past year as enthusiasm for all things related to artificial intelligence (AI) whipped investors into a frenzy. But some on Wall Street think the chipmaker is nearing the end of its record run, at least for the time being. Indeed, some analysts see Microsoft(NASDAQ: MSFT) and Docebo(NASDAQ: DCBO) …
You can’t spell growth without AI these days. I’m kidding, of course, but there’s at least some truth in the tongue-in-cheek statement. AI provided a massive tailwind for the top growth stocks last year. These high-flying stocks are collectively known as the “Magnificent Seven: Google parent Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia(NASDAQ: NVDA), and …
If you own a stake in Amazon(NASDAQ: AMZN), the odds are good that its fast-growing cloud computing arm is the key reason you do. While Amazon Web Services (AWS) may only account for 15% of the company’s top-line revenue, Amazon’s cloud business accounts for two-thirds of the company’s operating profits. Better still, AWS’ sales improved …
Some innovations, like e-commerce and the cloud, are so big they can take many years to play out. The companies that create the best investment returns can tap into that growth and ride it for decades. It’s still early, but it looks like artificial intelligence (AI) is the next great tech frontier. Three Fools combed …
Despite Apple, Microsoft, and Tesla delivering some of the best gains in stock market history since they each came public, they aren’t the best performing names in the S&P 500 index over the last 10 years. In fact, none of them even crack the top 10. However, the time frame does play a very important …