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Key Points The “Magnificent Seven” stocks have been rallying lately, and that has pushed tech stocks up as a whole. The Technology Select Sector SPDR ETF currently averages a price-to-earnings multiple of nearly 37, which is far higher than the S&P 500 average. Investing in funds like the iShares Russell 2000 Growth ETF or the ...
Here’s a quick recap of the crypto landscape for Monday (May 4) as of 10:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Bitcoin (BTC) was priced at US$79,832.34, up by 0.7 percent over the last 24 hours. Chart via TradingView Bitcoin price performance, ...
Key Points It’s been eight years since Apple became the first $1 trillion stock, and there are now 10 U.S. companies that have reached that threshold. Apple has gone on to become the first $3 trillion company, too, and it’s now joined by Microsoft, Alphabet and Nvidia in the $3 trillion club, although Nvidia became ...
Key Points Amazon’s first-quarter results reveals that consumers are starting to spend money again. Walmart is coming off a quarter in which its e-commerce sales surged 24% year over year. TJX has rarely experienced a down year in sales, and it continues to expand its off-price model globally. 10 stocks we like better than Walmart ...
It’s peak earnings season in the tech sector, but it’s not just the AI hyperscalers making headlines this quarter. Some of the biggest surprises this quarter have come from companies powering the infrastructure behind AI buildouts. Three AI-adjacent names just posted results that shocked the market in a good way and pushed shares sharply higher. ...
Key Points In April, AMD stock got a strong tailwind from the overall market’s strength, but also had plenty of company-specific catalysts. Catalysts include TSMC’s robust results, a deepened AI partnership with France, and further increases in AI capital expenditures by the big technology companies. AMD is scheduled to report its first-quarter results on Tuesday, ...
The first wave of AI gains went to the Mag 7, but the next opportunity may be forming in a very different part of the market. Hello, Reader. Hollywood loves a “second chance” story. It’s no surprise that It’s a Wonderful Life ranks No. 1 on the American Film Institute’s 100 YEARS…100 CHEERS list of ...
Key Points Amazon’s combined chip business now sits at an annual revenue run rate of more than $20 billion. CEO Andy Jassy said the run rate would be $50 billion if the chip business were a standalone operation. Amazon’s chip momentum is helping fuel its fastest cloud computing growth rate in 15 quarters. These 10 ...
Here’s a quick recap of the crypto landscape for Wednesday (April 29) as of 8:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Bitcoin (BTC) was priced at US$75,469.06, down by 1.2 percent over the last 24 hours. Chart via TradingView. Bitcoin price performance, ...
Key Points Few companies exert a bigger influence on the artificial intelligence (AI) industry than OpenAI. The AI lab is at the forefront of developing large language models with its GPT models, and it’s planning to spend hundreds of billions of dollars on computing capacity to train those models and serve its user base. But ...
