The buying frenzy for artificial intelligence (AI) stocks over the past 12 months drove many investors to Microsoft (NASDAQ: MSFT) and Palantir (NYSE: PLTR). Microsoft's stock rallied 65% while Palantir's stock soared more than 150%.
The buying frenzy for artificial intelligence (AI) stocks over the past 12 months drove many investors to Microsoft (NASDAQ: MSFT) and Palantir (NYSE: PLTR). Microsoft's stock rallied 65% while Palantir's stock soared more than 150%.
After falling more than 25% in 2022, the stock market came roaring back in 2023, and history suggests there's more to come. The S&P 500 closed just shy of its all-time high as of market close on Tuesday. When it does finally hit a new record high, that event combined with a m
After falling more than 25% in 2022, the stock market came roaring back in 2023, and history suggests there's more to come. The S&P 500 closed just shy of its all-time high as of market close on Tuesday. When it does finally hit a new record high, that event combined with a m
The Nasdaq Composite surged 43% in 2023, and one of the big investing themes driving investor enthusiasm was the booming demand for artificial intelligence (AI) technology. The IDC projects spending on AI software to grow 31% per year and reach $251 billion annually by 2027.
The Nasdaq Composite surged 43% in 2023, and one of the big investing themes driving investor enthusiasm was the booming demand for artificial intelligence (AI) technology. The IDC projects spending on AI software to grow 31% per year and reach $251 billion annually by 2027.
Microsoft's stock market value ended a trading session higher than Apple's for the first time since 2021 on Friday, making it the world's most valuable company as worries about demand hit the iPhone maker's shares.
Microsoft's stock market value ended a trading session higher than Apple's for the first time since 2021 on Friday, making it the world's most valuable company as worries about demand hit the iPhone maker's shares.
The first full week of trading in 2024 was a momentous one, with the debut of 10 physical bitcoin ETFs, the first of their kind. WisdomTree; Grayscale; Bitwise Asset Management; ARK Investment Management and 21Shares; Invesco and Galaxy, Fidelity Investments, Franklin Templeton, BlackRock, VanEck, and Valkyrie all unveiled new ETFs tracking spot bitcoin performance on [...]
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Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Booking Holdings Inc (Symbol: BKNG), where a total volume of 5,611 contracts has been traded thus far today, a contract volume which is representative of approx
Cerence CRNC is benefiting from an expanding clientele and enhancing its global footprint in the automotive industry, bolstered by a robust network of partners.Building on this momentum, Cerence reported solid financial results in