ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told …
Alphabet Inc. closed decisively above a $2 trillion market capitalization for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence. The stock rose 10% to $171.95, its biggest one-day jump since July 2015, resulting in a valuation of $2.15 trillion. …
Artificial intelligence (AI) stocks have skyrocketed in recent months, thanks to their potential to transform so many industries. There could be a lot of winners, including companies selling AI tools or using these tools to make their businesses more efficient. Investors who buy shares of these players could score a win, too. Even though many …
The artificial intelligence (AI) gold rush is in full swing. The technology-heavy Nasdaq Composite advanced 31% over the past year as investors piled into the market, hoping to strike it rich. Sentiment is still running hot, but it’s important to be choosy when buying stocks. Not every company will be a long-term winner, and not …
“This is not hype. This is real. When we had the internet bubble the first time around … that was hype. This is not hype. It’s real,” Dimon said. “People are deploying it at different speeds, but it will handle a tremendous amount of stuff.” Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate …
The near-term growth story for Nvidia remains promising amid ongoing demand for artificial intelligence processors, according to Morgan Stanley. The Wall Street investment bank raised its price target to $750 from $603 and reiterated an overweight investment rating ahead of the dominant AI chipmaker’s quarterly earnings release set for Feb. 21. The new price target …
The news fix All aboard the AI hype train! 2024 is going to be the “year of artificial intelligence,” or at least that is what investors are saying with their money. Look at Microsoft, which has toppled Apple as the most valuable company in the world, at least temporarily. This week, it rose past $3 trillion in …
A risk-on attitude in 2024 could create tailwinds for digital ad companies — even after Big Tech’s blockbuster year, according to RBC Capital Markets. Tech giants, including Nvidia and Meta , carried the Nasdaq Composite to a 43% gain in 2023. Although some on Wall Street are concerned that last year’s tech stock rally has …
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. “AI is going to be bigger than the internet, …
South Korean conglomerate LG and Qraft Technologies partnered to launch an exchange traded fund that uses artificial intelligence to take investors’ emotions out of the stock-picking process. The LG Qraft AI-Powered U.S. Large Cap Core ETF (LQAI) , which debuted in early November, marks LG’s first step into tapping its AI technology for financial markets. …