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Attention is turning to Microsoft (MSFT) and Meta Platforms (META) as the next members of the "Magnificent Seven" tech companies set to report their third quarter earnings. To discuss the outlook for these industry leaders, Howard Capital Management CEO and chief investment officer Vance Howard joins Wealth! Howard believes investors should be adding to all of the "Magnificent Seven" names, calling them "the most interesting part of the market," even including Tesla (TSLA), despite its recent stumbles. "Everybody worries about these 'Magnificent Seven', but they are leading this market higher and creating some of the most interesting and dynamic products and services," Howard states. He adds that these tech giants are "making money hand over fist." Regarding the transformative impact of artificial intelligence on these names, Howard drew an analogy to golf, saying that if we were on an 18-hole course, AI would still be "on the very first hole." While acknowledging there is still substantial work to be done in the AI space, Howard remains "incredibly bullish" on its long-term potential. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith...
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Top Midday Stories: Google Reports Better-Than-Expected Q3 Earnings; Ernst & Young Resigns as Super Micro's Accounting Firm...
Continue ReadingSuper Micro Computer (SMCI) is plunging by nearly a third after its auditor resigned...
Continue ReadingPhunware is working to reignite growth with a GenAI feature planned for mid-2025. See why PHUN stock could be worth watching amid recent challenges...
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Tesla investors are looking for new avenues for growth...
Continue ReadingThe Dow and other major indices jumped Wednesday morning, fueled by a stronger-than-expected earnings report from Alphabet (GOOGL) Google’s parent company, and new GDP data signaling a stable U.S. economy. Released just days before the U.S. election, the third-quarter Gross Domestic Product (GDP) report showed an annualized growth rate of 2.8%. Although this pace is slightly below the second quarter’s 3% expansion, it surpassed economists’ predictions of 2.6%, offering a positive snapshot of the...
Continue ReadingApple stock is hovering around a new high on improving demand for its latest iPhone 16...
Continue ReadingThe new line of MacBook Pro laptops will start at $1,599 for the 14-inch variant, with the higher-end versions sporting more powerful M4 Pro and M4 Max processors. Customers have been looking to upgrade to personal computers with more powerful chips to ensure their systems can process artificial intelligence tools. Apple Intelligence can be accessed in most regions worldwide when the device and Siri language are set to U.S. English, with a free software update available starting Wednesday for Macs with M1 chips or later...
Continue ReadingApple revealed its updated MacBook Pro lineup on Wednesday complete with its a new, more powerful M4 Max chip...
Continue ReadingCUPERTINO, Calif., October 30, 2024--Apple® today announced M4 Pro and M4 Max, two new chips that — along with M4 — bring far more power-efficient performance and advanced capabilities to the Mac®. All three chips are built using industry-leading, second-generation 3-nanometer technology, which improves performance and power efficiency. The CPUs across the M4 family feature the world’s fastest CPU core, delivering the industry’s best single-threaded performance, and dramatically faster multithre...
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