Nasdaq Artificial Intelligence

Financial institutions are constantly looking to add new tools to prevent fraud—and AI might be the best one yet.

Artificial intelligence isn’t going to shatter the glass ceiling, but it could cause a few cracks.

Artificial Intelligence is now actively applied in finance across three key areas: optimizing financial portfolios, predicting future prices or trends in financial assets and analyzing sentiments expressed in news or social media comments related to assets or companies.

Apple (AAPL) shares have not performed as well so far in 2024 as investors would like, but could that change soon?

As digitization continues to evolve the global economy, we will see the competitive advantage AI delivers in talent recruitment and retention.

Automation has revolutionized the accounts payable (AP) department, eliminating time-consuming, mundane tasks needed to process and pay scores of invoices and freeing people to become more strategic players in their organization.

In the printing industry, AI is streamlining the processes of design, supply, and execution to bring companies into a more cost-efficient and sustainable future, and there’s plenty of company growth to be achieved on the way

Given the explosive growth in publicly available AI tools over the past year, it’s no surprise that investors are looking into how these new technologies can help them make decisions about their portfolios.

Coming off last week’s market strength, investors are taking a more cautious tone ahead of tomorrow’s January PCE Price Index data and Friday’s February Manufacturing PMI reports.

With AI expected to fuel Microsoft’s market share among enterprise customers not only cloud adoption but also in its search capabilities, Microsoft remains a must-own stock for any portfolio.

With Nvidia stock skyrocketing some 60% this year, investors want to know if this strong momentum can continue.

The artificial intelligence (AI) driven surge in related stocks following Nvidia’s (NVDA) blowout earnings and guidance last week looks to continue following a wave of AI announcements at Mobile World Congress 2024

NVIDIA (NASDAQ:NVDA) was the talk of the tech space this week as it shared its latest results. Meanwhile, new evidence was brought to light in the case against an Australian man claiming to be Satoshi Nakamoto. In the US, California state Senator Scott Wiener put forward legislation to regulate the development of artificial intelligence (AI), and an American spacecraft landed on the moon for the first time in over 50 years.Stay informed on the latest developments in the tech world with the Investing News Network's weekly round-up. 1. NVIDIA shares highly anticipated results NVIDIA reported strong results for its fourth fiscal quarter of 2024 on Wednesday (February 21).Quarterly revenue hit a record US$22.1 billion, 22 percent higher than Q3 and up 265 percent year-on-year. The company said gains were driven primarily by data center revenue, which came to US$18.4 billion, up 27 percent from Q3 and 409 percent versus last year. Non-GAAP earnings per diluted share were up 28 percent from Q3, coming in at US$5.16; that's higher than analysts' expectations of US$4.64 and represents 486 percent year-on-year growth.Revenue for NVIDIA's 2024 fiscal year was up 126 percent to US$60.9 billion. The market responded positively — NVIDIA's share price climbed 11.27 percent in after-hours trading, taking it from US$674.72 to US$750.75 by the time the exchange opened on Thursday (February 22). The increase held relatively steady for the rest of the week, with shares surpassing US$800 on Friday (February 23) morning before closing at US$788.17. The news also added US$272 billion to the company's market cap on Thursday, the largest one day gain ever recorded.The effects reverberated throughout the entire tech industry, with all the major players experiencing volatility at the start of the week and seeing market reactions in after-hours trading on Wednesday. Here's a snapshot of how key tech stocks performed this past week: Alphabet’s (NASDAQ:GOOGL) share price started the week at US$139.60 and peaked at US$144.98 early on Thursday before closing at US$143.96 on Friday.Microsoft (NASDAQ:MSFT) opened at US$403 on Tuesday (February 20), and fell to a weekly low of US$398.65 on Wednesday. It rose as high as US$415.75 on Friday morning and closed at US$410.34.Amazon (NASDAQ:AMZN) shares had tumbled to US$165.99 by midday on Tuesday, but increased to US$173.10 on Thursday. The company hit its peak for the week of US$174.99 on Friday.Meta Platforms (NASDAQ:META) sank as low as US$464.13 on Wednesday, but picked back up on Thursday. It peaked for the week at US$492.14 on Friday before closing the week at US$484.03.Apple’s (NASDAQ:AAPL) share price fell slightly this week to close Friday at US$182.52. The company faced a volatile period that included a spike in after-hours trading on Wednesday.Tesla (NASDAQ:TSLA) was also on the decline this past week, closing at US$191.97 on Friday after opening moderately higher at US$196.26 on Tuesday. 2. Google releases Gemma Google unveiled a new family of state-of-the-art, open-source AI models called Gemma on Wednesday. They are built on the same research and tech used to create Gemini, the newest iteration of which was released on February 8. “Gemma is built for the open community of developers and researchers powering AI innovation,” Google said.Available in two sizes, Gemma 2B and Gemma 7B, these models offer developers and researchers new tools for building AI systems with a focus on safety and accessibility. The inclusion of a Responsible Generative AI Toolkit provides resources for ethical AI application development, like the Learning Interpretability Tool, which monitors Gemma’s behavior and addresses potential concerns. The models are optimized for various hardware platforms, including NVIDIA's GPUs, and are integrated with popular existing AI tools such as Hugging Face and NVIDIA's NeMo.Google has announced that developers can begin using Gemma for free through the data science platform Kaggle. First-time users of Google Cloud will receive US$300 worth of Google Cloud credits. Additionally, researchers who are currently working on projects can apply for up to US$500,000 in Google Cloud credits. 3. California introduces AI regulation bill As federal efforts to regulate AI remain stalled, states are taking the initiative to address the potential risks and challenges of AI development. In California, Democratic state Senator Scott Wiener has introduced a bill aimed at ensuring AI safety and regulating its development and implementation in a state that has become synonymous with AI. There were approximately 400 AI-related bills across 44 states as of early February, and Wiener has argued that his proposal stands out as one of the most complete, building on previously taken measures such as Governor Gavin Newsom’s September 2023 executive order, which was signed to “prepare California for the progress of AI.” “... We’ve seen the consequences of allowing the unchecked growth of new technology without evaluating, understanding, or mitigating the risks,” Wiener stated in an announcement on his website. “SB 1047 does just that, by developing responsible, appropriate guardrails around development of the biggest, most high-impact AI systems to ensure they are used to improve Californians’ lives, without compromising safety or security.”SB-1047 would require large, powerful AI models to be fully tested before being released to the public. Testing protocols would need to be disclosed to the state and have effective guardrails in place to prevent “critical harm.”The bill would also establish CalCompute, a public cloud computing cluster that would allow smaller groups like startups and community members to participate in AI development. “By providing a broad range of stakeholders with access to the AI development process, CalCompute will help align large-scale AI systems with the values and needs of California communities,” Wiener stated. SB-1047 has been referred to the Judiciary Committee and the Governmental Organization Committee, which will hold hearings for the bill on or after March 9. 4. New evidence emerges in Nakamoto case New evidence has surfaced in the legal dispute between Australian computer scientist Craig Wright and the Crypto Open Patent Alliance (COPA). Wright is accused of falsely claiming to be Nakamoto, the mysterious entity behind Bitcoin, allegedly forging documents to support his claim and using scorched-earth litigation tactics against anyone who challenges him. The case was opened by COPA in April 2021 and commenced on February 5, 2024.On Tuesday, Adam Back, CEO and founder of blockchain technology company Blockstream, was interviewed by the UK High Court of Justice and presented to the court a series of emails between himself and Nakamoto. The emails were subsequently shared on X, formerly known as Twitter, by Pete Rizzo, editor of Bitcoin Magazine, on Thursday.According to the newly disclosed evidence, the correspondence between Nakamoto and Back began in August 2008, a few months before Bitcoin’s launch. Nakamoto reached out to Back to verify a citation in a Hashcash paper written by Back, which Nakamoto referenced in a draft of his Bitcoin whitepaper. Back responded with additional information on cryptocurrencies for Nakamoto to read, including Wei Dai’s B-money. Dai is a computer engineer who has been subject to speculation that he might be Nakamoto, although he has denied this claim. Back has also been considered as a potential candidate for Nakamoto's identity, but the emails he shared seemingly refute that possibility. In the final email, dated January 2009, Nakamoto thanks Back for suggesting the other papers and shares that he has launched his open-source Bitcoin software.On Friday, Wright took the stand to be interviewed by COPA’s lawyer, Alexander Gunning. Gunning pointed out that edits had been made to the Bitcoin whitepaper that Wright’s team submitted into evidence. Wright acknowledged the changes, but said that he made them as part of a demonstration for his lawyers at Shoosmiths. Gunning argued the edits were made for Wright’s benefit so that his whitepaper would more closely match the layout of the original. The trial is set to continue next week. 5. Unmanned spacecraft makes the first lunar landing in 50 years On Thursday, Intuitive Machines (NASDAQ:LUNR), a space exploration company based in Houston, made history by landing the first commercial spacecraft on the surface of the moon. This event also marked the first lunar landing by the US in 50 years.The spacecraft, an unmanned vehicle called Odysseus, launched on Monday (February 19), and coverage of the event was live-streamed on the company’s website. After a 10 minute period of silence, officials confirmed that Odysseus had touched down on the moon at 6:23 p.m. EST on Thursday. “I know this was a nail-biter, but we are on the surface, and we are transmitting,” Steve Altemus, CEO of Intuitive Machines, said after the landing was confirmed. “Welcome to the moon.”The expedition is part of NASA’s bid to collaborate on space exploration programs with companies through its Commercial Lunar Payload Services initiative. It is part of NASA’s larger Artemis program, which aims to send humans back to the moon in late 2026. The program has the long-term goal of establishing lunar bases in orbit and on the surface. Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

So how can companies make their customers more comfortable with AI initiatives? It’s going to come down to a few factors:

It has been the market attempting to keep pace with the rapid growth that came as the company transformed itself from a successful but uninspiring maker of video chips and graphics cards to the world’s leader in producing AI capable hardware.

NVIDIA (NASDAQ:NVDA) reported strong results for its fourth fiscal quarter of 2024 on Wednesday (February 21).Quarterly revenue hit a record US$22.1 billion, 22 percent higher than Q3 and up 265 percent compared to a year ago. The company said gains were driven primarily by data center revenue, which came to US$18.4 billion, up 27 percent from Q3 and 409 percent versus last year. Non-GAAP earnings per diluted share were up 28 percent from Q3, coming in at US$5.16; that's higher than analysts' expectations of US$4.64 and represents 486 percent year-on-year growth. Revenue for NVIDIA's 2024 fiscal year was up 126 percent to US$60.9 billion.The company has become the poster child for artificial intelligence (AI), and has surpassed analysts’ estimates quarter after quarter. NVIDIA's Q3 metrics reveal revenue of US$18.12 billion, 34 percent higher than the amount seen in Q2 and up 206 percent year-on-year. Non-GAAP earnings per diluted share of US$4.02 were up 49 percent quarter-on-quarter and nearly six times year-on-year. Growth was again driven by NVIDIA's data center business.At the time of its Q3 release, NVIDIA was expecting Q4 revenue of US$20 billion, plus or minus 2 percent. Ahead of Wednesday's release, analysts were calling for the company's revenue to more than triple compared to a year ago. NVIDIA's share price tripled in value in 2023 and has already gained more than 50 percent in 2024, driven by growing demand for the company’s AI-focused products and services. The firm blazed a trail in the AI industry last year following the emergence of AI-powered chatbots like ChatGPT. Leading the pack of tech giants dubbed the "Magnificent Seven," NVIDIA overtook Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) last week to become the world’s third most valuable company. Together, Big Tech has propelled the S&P 500 (INDEXSP:.INX) to new heights, with the index surpassing the 5,000 level on February 8. NVIDIA reportedly accounts for a third of those gains on its own. The strong performance of NVIDIA's share price reflects the broader optimism surrounding the tech industry, as well as the continued growth of AI and other cutting-edge technologies. In the days leading up to the company's Q4 results, investors added nearly US$200 billion in market value in options positions, implying a 10.6 percent move in either direction; analysts at Goldman Sachs (NYSE:GS) referred to NVIDIA as “the most important stock on planet Earth." NVIDIA has also received attention for its strategic expansion into the custom chip market. Reporting on the news on February 9, Reuters said that by entering this market, NVIDIA aims to maintain its competitive edge in the booming AI sector. While NVIDIA's general-purpose H100 and A100 chips have been its driving force, the market for custom AI chips has been dominated by competitors like Broadcom (NASDAQ:AVGO), Marvell (NASDAQ:MRVL) and AMD (NASDAQ:AMD). These companies are the go-to providers for cloud giants Microsoft (NASDAQ:MSFT), Alphabet and Meta (NASDAQ:META), which have been working on developing their own chips. However, NVIDIA's expertise in AI combined with its expansion strategy could disrupt these plans. By offering custom chips at competitive prices or with superior performance, NVIDIA could make it harder for other companies to justify the cost and effort of developing custom chips.Along with AI, NVIDIA is reportedly in talks with Swedish networking and telecommunications company Ericsson to develop a wireless chip for telecom infrastructure. Custom chips for the automotive and gaming industries are also part of the company's pipeline, according to sources referenced by Reuters. Despite its recent success, NVIDIA's performance was volatile leading up to its Q4 results. After closing at US$726.13 on February 16, NVIDIA declined slightly, opening at US$719.05 on Tuesday (February 20). By day’s end, it had fallen 3.4 percent. Although NVIDIA beat out Tesla (NASDAQ:TSLA) as Wall Street’s most-traded stock on Tuesday, it dropped 2 percent that day and a further 2.3 percent in after-hours trading. The downward trend continued on Wednesday, with the stock opening at US$678.41 and declining throughout the day before rebounding to close at US$674.72, down 0.54 percent. It picked up during after-hours trading, rising as high as US$743.98 as of 5:30 p.m. EST. This volatility could have been influenced by fears of a potential technology bubble resembling the dot-com burst in 2000, a "sell-the-news" mindset and export bans to China stimulating growth in local chip-manufacturing companies. On the whole, NVIDIA's strong performance is symbolic of the growing importance of AI in today's technology landscape, and the company expects growth to continue in the first quarter of its 2025 fiscal year. In a statement shared on Wednesday, NVIDIA CEO Jensen Huang said, “NVIDIA RTX, introduced less than six years ago, is now a massive PC platform for generative AI, enjoyed by 100 million gamers and creators. The year ahead will bring major new product cycles with exceptional innovations to help propel our industry forward."Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

The behavioral component or human synthesis with AI and the manner in which it is deployed internally, beyond mere corporate logistics, seems to be a puzzle piece that is consistently missing.

For investors, it is clear that AI and machine learning technologies have matured past the point of novelty and have begun to show real value in automating and scaling operations for companies in every industry.

Climate change has contributed to the intensification of extreme weather events, leading to more frequent and severe damage to properties and infrastructure.

The company is set to report fourth quarter fiscal 2023 earnings results after the closing bell Wednesday.