Artificial intelligence (AI) could be the most transformative technology in a generation. A recent survey by McKinsey and Company suggests that 72% of companies already use it in at least one business function.
China’s major technology stocks have been left behind in this year’s global frenzy over artificial intelligence, and a lack of demand for actual AI usage coupled with geopolitical pressures make it unlikely they can cash in anytime soon.
The startup has signed on ExodusPoint, Soros Fund, and Millennium Management, whose founder Izzy Englander also invested in a past round.
Citron pounding the table that $NBIS is . A sleeper with no analyst coverage yet, the market hasn’t caught on to its massive potential-or its undervaluation vs. CoreWeave. If it trades at a 50% discount to Coreweave multiple that puts $NBIS at $60 (napkin math) CEO Arkady Volozh is the real deal.
Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more uncertainty ahead for the chip maker.
Salesforce Inc.’s big push into artificial intelligence has helped drive shares to a record high. Now, Wall Street wants proof that the heavy spending is going to pay off.
Apple is the IBD Stock Of The Day as Wall Street focuses on iPhone 16 demand amid the holiday shopping season and iOS 18 release with AI features.
The biggest contributor to the company’s growth was sales of new custom AI acceleration chips for Amazon.com and other builders of hyperscale data centers.
Global investors are queueing up to invest in data centre operators in Asia Pacific either by buying stakes directly or via public offerings, unfazed by their rich valuations that are driven by demand for artificial intelligence-based services.
Coatue Management's Philippe Laffont slashed his fund's stake in Nvidia and AMD over the prior six quarters -- and it may have to do with more than just profit-taking. Meanwhile, Laffont absolutely piled into an outperforming consumer brand that conducted a historic stock split in June.