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 …
Software company Palantir Technologies (NYSE: PLTR) and chip company Nvidia (NASDAQ: NVDA) are two of the hottest stocks on Wall Street. Both stocks are up over 240% over the past year and have fierce loyalty among investors. Is one artificial intelligence (AI) stock better than the other? To find out, I compared them head-to-head to …
(Bloomberg) — Adobe Inc. gave a lukewarm outlook for sales in 2024, disappointing investors who expected new generative artificial intelligence tools would quickly boost the software company’s results. Most Read from Bloomberg Revenue will be about $21.4 billion in the fiscal year ending in December 2024, the company said Wednesday in a statement. Profit, excluding …