Two industry-leading AI stocks may be poised to plummet in the new year, based on the prognostications of two Wall Street analysts.
November was a big month for Wall Street. The heart of earnings season, Election Day, and key economic reports (jobs and inflation data), set the tone that lifted the Dow Jones Industrial Average, S&P 500,
Palo Alto and SoundHound AI have enjoyed the spoils from the artificial intelligence boom this year. Palo Alto focuses on cybersecurity, while SoundHound builds AI voice solutions. Both companies have been on a nice run,
Bank leaders want to see results from AI investments, but many banks are stuck in a proof-of-concept "purgatory," says McKinsey.
A top Wall Street strategist is predicting stocks will keep climbing and multiples will increase as AI boosts earnings across all sectors.
It seems that major tech companies in Silicon Valley are forging relationships with the defense industry these days.
NEW YORK (AP) — The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs this year. That’s on top of its 24.2% spurt the year before, a spectacular two-year run unmatched since the dot-com boom.
U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom.
GE Vernova's gas-powered turbines will be key for big tech companies looking to power data center campuses.
There’s never a great time to tell investors your bills are going to double. For Oracle, its latest earnings report proved a particularly bad one. Oracle’s [fiscal second-quarter report](
Oracle’s net income rose 26% from a year earlier, to $3.15 billion. Revenue from cloud services and license support sales increased 12%, to $10.8 billion, accounting for 77% of the company’s total, while sales of cloud and on-premises licenses inched up 1%, to $1.2 billion.
In this regard, AI ETFs can play a significant role in helping investors gain targeted exposure while mitigating some of the risks associated with investing in individual AI stocks. They are a smart way for investors to invest in a theme for seeking longer-term gains.