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The AI industry, now a $197 billion market, is booming with a projected 37% CAGR through 2030. Key players like Microsoft and Intel are making strategic moves, reshaping the tech landscape. Let’s delve into their AI journeys: 1. Microsoft (NASDAQ: MSFT): A front-runner in AI, Microsoft’s strategic $1 billion investment in OpenAI in 2019 has […]
In contrast to the robust performance of commodities in 2021 and 2022, 2023 did not follow the expected trajectory of strength. A mild European winter and an overestimated impact of geopolitical tensions, including Russia’s invasion of Ukraine and China’s economic instability, particularly in its property sector, led to a downturn in the commodities market. This […]
Zoom Video Communications, Inc. (NASDAQ: ZM) shares saw an uplift of over 1% in after-hours trading, following the announcement of third-quarter results that surpassed market expectations. The company’s Earnings Per Share (EPS) stood at $1.29, eclipsing the anticipated consensus of $1.08. A 3.2% growth in revenue year-over-year was observed, reaching $1.14 billion and exceeding the […]
Consumers may be gearing up for a resurgence,. Despite a tough year for consumer stocks overall, the Consumer Discretionary Select Sector SPDR ETF, buoyed by heavyweights like Amazon and Tesla, has seen a substantial rise. However, the Invesc S&P 500 Equal Weight Consumer Discretionary ETF, which gives less weight to these giants in favor of […]
The journey toward fully autonomous vehicles has been fraught with setbacks, but Mobileye Global (MBLY) is charting a distinctive course in the self-driving landscape. While industry giants like Tesla and General Motors face regulatory and safety hurdles, Mobileye has emerged as a beacon of progress in autonomous driving technology. Returning to the public market after […]
The Walt Disney Company recently showcased a robust fiscal-fourth-quarter performance that caught the attention and approval of many of its investors. The entertainment giant announced an ambitious plan to intensify its cost-reduction strategies with an additional $2 billion savings goal, alongside intentions to reinstate its shareholder dividends. This news propelled the company’s stock to its […]
OpenAI, the renowned artificial intelligence (AI) start-up behind ChatGPT, is reportedly in discussions with potential investors regarding a valuation ranging from $80 billion to $90 billion. This staggering figure would not only make OpenAI more valuable than several major publicly-traded AI giants, such as Microsoft, Alphabet, and Nvidia, but also denotes the bullish sentiment surrounding […]
Microsoft’s foray into cloud-computing services designed for artificial intelligence (AI) is hinting at significant financial potential. Recent assessments reveal a buoyant perspective on Microsoft, with expert opinions maintaining an “Outperform” rating for the tech giant. With a suggested price target revision from $398 to $400, Microsoft shares eventually rested at $328.65. Microsoft appears to be […]
Walt Disney Co., an emblem of the entertainment industry, has just declared its ambition to almost double down on its park business. The intention? To pour around $60 billion into the Disney Parks Experiences and Products (DPEP) segment over the coming decade. This move, while promising in terms of expansion, appears to have jolted Wall […]
Tesla’s supercomputer, Dojo, which is geared towards training AI for autonomous vehicles, is projected to bolster Tesla’s market cap by a whopping $600B (76%), according to Morgan Stanley. Here’s a rundown: DOJO Deep Dive: Kickstarted in July, Tesla’s investment in Dojo is set to cross $1B in the coming year. Its potential? Beyond just vehicles. […]