Bank of America highlights seven stocks that have driven most of this year's market gains

cnbc.com Most of the stock market gains this year have been powered by a handful of tech-focused names that have posted outsized increases, according to Bank of America. Call them…

What’s Inside Nvidia’s AI Supercomputer? Powerful Chips and a Lot of Memory

barrons.com Artificial-intelligence applications will soon receive a massive jolt of computing power. This past Monday, chip giant Nvidia which has seen its shares nearly triple to over…

Tech stocks close out first six-week rally since January 2020

cnbc.com Tech stocks still haven't fully rebounded from a miserable 2022, but they're rewarding investors who saw the sell-off as too extreme. The Nasdaq Composite gained 2% this…

These money and investing tips are the real deal in this AI-driven market

marketwatch.com Nvidia and these 6 tech giants will gobble up the AI pie Nvidia and other tech plays are overpriced. Here’s where you’ll find the next big-money stocks. Sign up here to get…

Surging US megacap stocks leave some wondering when to cash out

investing.com As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay…

Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

cointelegraph.com Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto…

Dow jumps 700 points as US stocks soar on end to the debt ceiling fight and strong May jobs report

markets.businessinsider.com Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 13, 2020 at Wall Street in New York City. Johannes Eisele/AFP/Getty Images The Dow soared…

Y Combinator founder Paul Graham thinks stock market investors are missing out on the AI boom

businessinsider.com Paul Graham thinks public market investors don't have enough AI investment options. Joe Corrigan/Getty Images In a recent tweet, Graham said he believes all the good AI…

Stock market today: Dow in weekly win on blowout jobs report; U.S. averts default By

investing.com Investing.com -- The Dow racked up gains Friday, wrapping up a weekly win as investors cheered strong labor market data, and news the debt-ceiling bill could likely be…

S&P 500 rallies as jobs report surprises to upside, U.S. averts default

investing.com Investing.com -- The S&P 500 surged Friday as the measure aimed at lifting the debt ceiling passed the final hurdle to put the U.S. on track to avoid a default, while a…

93% of CEOs are preparing for a recession

cnbc.com If you've followed financial headlines over the past few months, it seems like everyone with an MBA thinks a recession is coming. Economists peg the odds that a recession…

Nasdaq, S&P 500 Set 2023 Highs

forbes.com The tech-heavy Nasdaq hit a 14-month high Friday, largely driven by massive gains from a handful of the widely tracked tech index’s largest companies, while the Dow Jones…

Should I Buy Amazon Stock?

watcher.guru There is no understating of the rapid growth of Amazon since its inception. As the leader in online retail, the company has become one of the most widely used services in…

Intel Receives Stamp of Approval From Nvidia CEO

thestreet.com Intel, which once dominated PC chip making, has been struggling to regain its footing. The company has fallen behind rivals like AMD and Nvidia, which has made a specialty…

Wharton professor Jeremy Siegel says investors' hopes of a Fed pause are pushing stocks higher

finance.yahoo.com None Wharton professor Jeremy Siegel said hopes of a Fed pause are fueling the stock market rally. • None Halting interest-rate hikes now could lower the chances of a…

Hard Fork: AI Extinction Risk and Nvidia’s Trillion-Dollar Valuation

nytimes.com A few days after a lawyer used ChatGPT to write a brief filled with made-up cases, a group of A.I. experts released a letter warning of the “risk of extinction” from the…

Musk leaves China after whirlwind trip filled with praise and politics

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article HONG KONG — A figure of growing controversy in the United…

Traders are betting on a short-term reversal for chip stocks, ETF flows show

cnbc.com The artificial intelligence boom has led to a surge for semiconductor stocks that some on Wall Street are worried has gone too far, and some traders are using leveraged…

HP CEO says A.I. will change career trajectories: ‘From doing things to interpreting things’

fortune.com What happens when A.I. tools ChatGPT and GPT-4 can accomplish tasks faster than employees? HP CEO Enrique Lores believes artificial intelligence is poised to disrupt career…

Long-Time Nvidia Investor Trims Holdings as AI Rally Overheats

finance.yahoo.com One of Nvidia Corp.’s long-term investors is trimming bets on the stock, saying the frenzy around artificial intelligence has pushed valuations too far. • None China Is…

Even the biggest winners of Nvidia's stock spike are cutting back as AI hype goes into overdrive

markets.businessinsider.com A 3D illustration of future financial technology controlled by AI robot using machine learning and artificial intelligence to analyze business data and give advice on…

Nasdaq Hits Highest Level Since Last April, Dow On Pace For 2nd-Best Day Of 2023

forbes.com The tech-heavy Nasdaq hit a 14-month high Friday, largely driven by massive gains from a handful of the widely-tracked tech index’s largest companies, while the Dow Jones…

Here’s how the debt-ceiling deal can hurt stock prices while disrupting the bond market

marketwatch.com President Joe Biden is expected to sign legislation into law to raise the federal debt ceiling and avert a potential default on U.S. Treasury securities. The Senate passed…

OpenAI in Trouble With Japanese Watchdog as Expert Investor Questions AI Rally

beincrypto.com The Japanese privacy watchdog has warned OpenAI about collecting sensitive data. Meanwhile, the founder of GQG partners is questioning whether the stock market rebound is…

Does Broadcom Stock Still Have Upside After Wild Price Action?

thestreet.com Many investors over the years have seemed to feel comfortable ignoring Broadcom. Despite Broadcom's strong cash flows and hefty yield, investors have refused to bid the…

Here's the Startup That Could Win Bill Gates' AI race

thestreet.com Though artificial intelligence is not necessarily new, the field entered a notably new environment when ChatGPT launched in November. Something that had long been under the…

Multiple Catalysts Lift Markets, Week In Review

forbes.com Asian equities ended a relatively positive week on a high note as internet stocks rebounded following a slump earlier in the week on high short volumes and index…

Stock Market Rally Revs Higher As Congress OKs Debt-Ceiling Deal, Fed Rate-Hike Odds Fall: Weekly Review

investors.com The stock market rally showed broad gains, with the debt-ceiling deal clearing Congress and Fed rate hike odds plunging. The Nasdaq and S&P 500 advanced to fresh 2023 highs.…

Salesforce: Time to Snap it Up as the Market Buys the Dip?

marketbeat.com Shares of Salesforce Inc. NYSE: CRM are down following the Q1 earnings release, but the market is already buying the dip. The news and guidance were better than the…

Stock market today: Wall Street rallies after strong jobs report, Dow jumps 500

aol.com Stocks are rallying Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 was 1.3% higher in…

Why MongoDB Stock Surged 30% Higher

thestreet.com Get Free Report investors are smiling today. After reporting first-quarter earnings results and guidance for the remainder of the year, shares in the cloud database…

What's Going On With Intel (INTC) Stock - Intel (NASDAQ:INTC)

benzinga.com Intel Corporation INTC shares are trading higher by 10.9% to $31.34 over the trailing five sessions. The stock has experienced marked strength amid strength in overall tech…

Jim Cramer Raves About The 'Magnificent 7' Stocks That Have Outperformed the Market This Year

thestreet.com The S&P 500 is up around 10% for the year. But if you discount the massive gains from the index's seven top companies, the S&P would be slightly down, senior index analyst…

Microsoft Inks Deal With Nvidia-Backed CoreWeave For AI Computing Power

mediapost.com Microsoft needs more ways to tap Nvidia's graphic processing units as demand grows for processing power and cloud infrastructure to run generative AI models. Microsoft seems…

AI: Good News For Bad Guys

zerohedge.com AI: Good News For Bad Guys Authored by James Rickards via DailyReckoning.com, ChatGPT and artificial intelligence (AI) are all the rage right now. In fact, AI and GPT…

Tech Stocks Stay Strong Despite Mixed Employment Report

forbes.com The S&P 500 and Nasdaq Composite closed at their highest levels since August on Thursday. A higher close today would see the Nasdaq making it six consecutive weekly gains.…

Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets

marketbeat.com Broadcom Corp. NYSE: AVGO shares showed mixed price action ahead of the Q2 report — expected from a market in transition. The results and guidance from NVIDIA Co. NASDAQ:…

Wall St eyes higher open after jobs data; debt default averted

investing.com U.S. stock indexes eyed a higher open on Friday after data showed a moderation in wage growth in May boosted bets that the Federal Reserve will skip raising interest rates…

Nvidia Says It Trusts Taiwan for Chip Supply

tipranks.com Yesterday, we found out that Nvidia (NASDAQ:NVDA) was likely to tap Intel (NASDAQ:INTC) for its chipmaking needs. Now, however, we’ve found out something that may either…

The AI craze drove investors to pour a record $8.5 billion into tech funds last week, Bank of America says

markets.businessinsider.com Tech stocks have started 2023 on a tear, with the Nasdaq Composite up 25% year-to-date. Noam Galai/Getty Images Investors poured a record $8.5 billion of cash into tech…

Who Relies on Taiwanese Trade?

statista.com The United States and Taiwan signed a trade agreement on Thursday to strengthen their economic ties, in a move that has stoked tensions with China. The U.S.-Taiwan…

Futures Jump After Senate Passes Debt Deal, China Plans New Stimulus Package

zerohedge.com Futures Jump After Senate Passes Debt Deal, China Plans New Stimulus Package US Futures extended yesterday’s rally after the Senate passed a bill late on Thursday to raise…

'Magnificent 7' Mega Cap Tech Stocks Have Dominated Markets This Year. That's Not Good

thestreet.com The market's biggest tech stocks have overpowered the S&P 500 so far this year, driving the vast majority of the benchmark's year-to-date gains and creating a worrying…

Getting rich is only a swipe away

businessinsider.com The weekend is here! Dan DeFrancesco in NYC, and I'm disappointed Prison Mike didn't give me a heads up on these 11 slang terms you hear in prison. Fun Fact Friday: None of…

Nvidia Is Still a ‘Buy’ on Wall Street as Analysts Race to Boost Price Targets

wsj.com An investor craze for artificial intelligence has powered Nvidia’s dizzying rise and pushed the stock to lofty valuations. Wall Street analysts are predicting it has more…

AI Boom Fuels Record Weekly Inflow For Tech Stocks: BofA

asiafinancial.com Tech stocks recorded their biggest weekly inflows this week, as investors raced to be part of the artificial intelligence boom, according to BofA Global Research released on…

The Narrow Rally Likely Is Almost Over: 7 ‘Strong Buy’ Safe-Haven Dividend Kings to Buy Now

247wallst.com With the debt ceiling issue once again kicked down the proverbial road, investors can focus on what the upcoming summer months will have to offer, and it may not be pretty.…

US Futures Gain Ahead of NFP, Dollar Declines

financialjuice.com As the debt-ceiling agreement cleared the final Congressional obstacle, US futures rose, and traders are now anticipating Friday's US jobs report, which could provide…

How a Jiffy Lube franchisee with 500 locations used machine learning to fine-tune their finance tech transformation

fortune.com “People are keeping their cars longer, and that’s good for our business to continue to grow,” Matt Castonguay, SVP of finance, analytics, and supply chain at Team Car Care,…

10 Friday AM Reads

ritholtz.com My end-of-week morning train WFH reads: • Wall Street Banks Are Using AI to Rewire the World of Finance: Lenders are experimenting with artificial intelligence. Not even…

'Dean of Valuation' Aswath Damodaran cashed in his Nvidia stake after the chipmaker's scorching stock rally

markets.businessinsider.com NYU finance professor Aswath Damodaran. Twitter.com/aswatchdamodaran Aswath Damodaran dumped his Nvidia stake because he couldn't justify holding it as a value investor.…

AI Chip Gold Rush Pumps Up SoftBank Shares Ahead of Arm IPO

asiafinancial.com Shares of Japan’s SoftBank Group are seeing quick gains ahead of a planned initial public offering (IPO) of the technology investor’s chip designer Arm, as investors across…

Jim Cramer Says These ‘Magnificent Seven’ Stocks Are Winners

benzinga.com Prominent market commentator Jim Cramer reportedly said on Thursday it's important to stick with the "Magnificent Seven" winning stocks, even if it feels tiresome to go with…

Former Ethereum Miner CoreWeave Inks Billion-Dollar AI Computing Contract With Microsoft

beincrypto.com CoreWeave, a former Ethereum miner, has signed a billion-dollar AI deal with Microsoft. The deal will see the former’s cloud infrastructure used for OpenAI’s ChatGPT. The…