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.
What's the best example of a stock benefiting from the recent election results? Palantir Technologies (NASDAQ: PLTR) should rank near the top of the list. Shares of the artificial intelligence (AI) and data analytics software company have nearly quadrupled in value year to date.
On Monday, storied Swiss bank UBS Group initiated coverage of Arm's stock. Analyst Timothy Arcuri flagged the highly specialized AI stock as a buy, with a price target of $160 per share. That's 17% higher than the stock's most recent closing price.
The startup has signed on ExodusPoint, Soros Fund, and Millennium Management, whose founder Izzy Englander also invested in a past round.
Equity analyst Dan Ives see artificial intelligence (AI) as the fourth industrial revolution, and Wall Street is broadly bullish on Alphabet and Pinterest. Alphabet's Google is the largest ad tech company and third-largest public cloud,
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.
TOKYO (AP) — Asian shares mostly rose Tuesday, after technology stocks pulled Wall Street to another record finish. The S&P 500 rose 0.2% Monday from the previous session's all-time high to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%.
However, now is also a good time to start building positions in AI software stocks. Datadog (NASDAQ: DDOG) checks that box, and Wall Street is overwhelmingly bullish. Of the 45 analysts following ...
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They are increasingly leaning on artificial intelligence for work—but also for love and adventure.
Latest reports from tech news platform TechCrunch indicate that MatX, a chip-design startup focused on supporting large language models, has raised $80 million in a funding round.
While much of the media's attention has been squarely focused on Nvidia, longtime tech behemoth Microsoft (NASDAQ: MSFT) is an artificial intelligence (AI) force to be reckoned with as well. Aside from this direct investment,