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Wall Street has been on a solid rally in June, buoyed by the continued artificial intelligence (AI) boom. In the month, the Nasdaq and S&P 500 have risen nearly 6.7% and 4.7%, respectively, while the Dow has gained 2.8%...
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We recently published a list of the Top 10 Overbought AI Stocks in 2024. Since Microsoft Corp (NASDAQ:MSFT) ranks 2nd on the list, it deserves a deeper look. The second half of 2024 is here and rate cuts from the Federal Reserve remain elusive, with warnings about valuations and AI-led market hype growing louder. A number […]...
Continue ReadingWe recently published a list of the Top 10 Overbought AI Stocks in 2024. Since Amazon.com, Inc. (NASDAQ:AMZN) ranks 1st on the list, it deserves a deeper look. The second half of 2024 is here and rate cuts from the Federal Reserve remain elusive, with warnings about valuations and AI-led market hype growing louder. A number […]...
Continue ReadingRosenblatt Securities analyst Barton Crockett downgraded Alphabet stock to Neutral from Buy on worries a shift toward AI-powered search could have adverse effects...
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Apple will be "a dominating force in consumer AI" thanks to its unique advantages, an analyst said in a report Friday...
Continue ReadingRosenblatt Securities has downgraded Alphabet's (GOOG, GOOGL) stock to Neutral from Buy and trimmed its price target. The firm cites transitional risks and increasing competition as key factors in its decision. Catalysts hosts Seana Smith and Madison Mills break down the details. 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 ReadingBRUSSELS (Reuters) -EU antitrust regulators will seek additional third-party views on the partnership between Microsoft and OpenAI as well Google's artificial-intelligence deal with Samsung, EU competition chief Margrethe Vestager said on Friday. Vestager had in March sent questionnaires to Microsoft, Google, Meta's Facebook and ByteDance's TikTok as well as other big tech companies related to their AI partnerships...
Continue ReadingApple struggles in China with competition and declining sales...
Continue ReadingApple's (AAPL) iPhone shipments in China are growing, with a 40% year-over-year increase recorded in May, according to reports. This growth comes as the tech giant intensifies its discounting efforts to capture a larger Chinese market share. Yahoo Finance's Seana Smith and Brad Smith break down the details, providing insights into other international markets where Apple is looking to grow. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith...
Continue ReadingApple stock will continue to rise as the company’s generative artificial intelligence products, set to launch this fall, lead to an acceleration of growth in revenue and earnings, an Oppenheimer analyst says. Analyst Martin Yang increased his price target for Apple to $250 from $200, which implies a 21% increase from the stock’s closing price of $214.10 on Thursday. Yang wrote on Friday that he expects the stock to rise based on optimism over the company’s AI initiatives and how they are geared toward the consumer experience...
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