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Alphabet surged nearly 5% on Thursday as Wall Street cheered the launch of Gemini, saying the new artificial intelligence model could help narrow the gap in a race with Microsoft-backed OpenAI. Long considered a leader in AI research, Alphabet lost the spotlight when OpenAI's ChatGPT swept the tech landscape upon its launch in November last year and allowed Microsoft to aggressively roll out AI-powered software to businesses. Now, Gemini looks poised to boost Alphabet's AI heft again...
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Meta Platforms has been the comeback stock of the year, with shares of the Facebook parent more than tripling from their low in 2022. Meta currently has a market cap of $822 billion, meaning the stock price would have to increase by 22% next year to roughly $400 a share, assuming that its share count held steady...
Continue ReadingFinancial conditions are now looser than in September, says economist...
Continue ReadingWedbush analyst Dan Ives says that the meeting could shed light on software firm Microsoft’s artificial-intelligence strategy going forward...
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Peek into the future of AI investing. These household names are poised to perform in the new era, and their stocks look affordable today...
Continue ReadingWhether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service...
Continue Reading[**GameStop (GME)**](https://www.wsj.com/market-data/quotes/GME): The videogame retailer reported a [9% sales drop](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-12-06-2023/card/gamestop-sales-drop-9-loss-narrows-on-cost-cuts-Wn9X6ozc38pVmhRbVgOH?mod=lctimeline_finance) for its most-recent quarter...
Continue ReadingThe Dow Jones climbed Thursday after the Labor Department's jobless claims. AI stock C3.ai plunged on earnings...
Continue ReadingTesla lost a legal battle with Sweden's postal service on Thursday as a fight with Nordic trade unions escalates. A Swedish court said PostNord does not for the time being need to deliver licence plates to Tesla that are being blocked by the postal service's workers, in the latest twist in a fight over collective bargaining agreements. Tesla is facing growing pressure in Sweden, Norway and Denmark from unions backing Swedish IF Metall's mechanics who went on strike on Oct. 27 demanding a collective agreement with the company...
Continue ReadingTesla's Cybertruck is loaded with innovations, the most obvious of which is perhaps its stainless-steel, bulletproof body. The Cybertruck takes advantage of a 48-volt architecture, compared with the 12-volt architecture that has been the industry standard for decades. The architecture refers to the electric wiring of the car, which powers everything from power windows to phone chargers...
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