Tesla Inc. (NASDAQ:TSLA) stock fell by 10% after a less-than-stellar robotaxi reveal event on Friday that failed to wow Wall Street. What Happened: Tesla CEO Elon Musk unveiled the company’s future vision on Friday, which includes two-seater Cybercabs operating without human intervention. Notably, these vehicles are designed without a steering wheel or foot pedals. According to the report by Business Insider, Wall Street was not impressed, especially considering the already operational robotaxi...
Continue ReadingQQQ is trading at a bubble-like valuation, with PE above 40. Click here to find out more about the valuation and the Gen AI hype...
Continue ReadingNetflix's crackdown on password sharing is expected to help user numbers. September retail sales expected to rise. Warren Buffett buys more SiriusXM...
Continue ReadingWall Street is closely watching Big Tech earnings this week, with giants like Microsoft (MSFT), Meta (META), Apple (AAPL), and Amazon (AMZN) set to report their quarterly results. Rockland Trust chief investment officer David Smith joins Catalysts to share his outlook on tech stocks. Smith notes, "It's a data-intensive point in the season," with earnings reports and Federal Reserve decisions all scheduled for this week. However, following lackluster reports from companies like Alphabet (GOOG, GOOGL) and Tesla (TSLA) last week, Smith observes that "there's very little appetite for companies that miss earnings," especially in the technology sector, which explains the massive sell-offs markets have seen. Regarding AI investments by Big Tech companies, Smith explains to Yahoo Finance, "I think... AI is important to all of the Magnificent 7 in different ways, so to paint them all with the same brush is a little bit risky." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith...
Continue ReadingIPO Edge hosted a fireside chat on July 29 at Nasdaq MarketSite with Hooman Shahidi, Co-Founder & CEO of EVPassport. The in-person interview was joined by Editor-in-Chief John Jannarone and they […]...
Continue ReadingMorgan Stanley’s Adam Jonas made Tesla stock his top pick, but the value he sees for the company’s core car business is falling...
Continue ReadingThe new peril Google faces from generative AI could play a role in the outcome of a landmark trial where a judge must decide whether the tech giant illegally monopolized online search...
Continue Reading(Bloomberg) -- Tesla Inc. released a software update to 1.85 million cars in the US to guard against its vehicles’ hoods flying open during driving.Most Read from BloombergLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedRich Hong Kong Families Sell Mansions at Discounts to Repay DebtVenezuela’s Opposition Says It Has Proof of Election FraudTesla Analyst Nearly Crashes While Using ‘Full Self-Driving’Harris’ Running-Mate Search Zeroes In on Three Top ContendersBeginning on June 18,...
Continue ReadingThe Competition and Markets Authority has asked for comment on the partnership between the AI firms ahead of a formal investigation...
Continue Reading(Bloomberg) -- Nini Loomis, a registered nurse with almost two decades of experience, was tasked with testing a new Google-powered tool that uses artificial intelligence to analyze patient medical records. The technology is designed to generate a concise report that can be seamlessly handed from one caregiver to the next at the end of a shift.Most Read from BloombergLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedRich Hong Kong Families Sell Mansions at Discounts to Repay DebtVene...
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