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It's been just over a year since ChatGPT started to dominate headlines. The OpenAI platform introduced the world to generative AI, a type of AI that can be used in everyday functions. But what will 2024 bring? More AI. Bob O’Donnell, TECHnalysis Research President & Chief Analyst joins Yahoo Finance Live to discuss what the next wave of AI means for users, companies, and investors. Despite the craze over generative AI in the past year, O’Donnell says that not many people in the workforce have been directly using the applications, but that’s all going to change in the coming year. While everyday people are going to be using AI, businesses are going to see a greater impact than the average consumer, O’Donnell maintains. Nvidia (NVDA) has been the biggest name associated with AI, but "in 2024, we're going to see a ton of other semiconductor companies, obviously, be going after Nvidia. And the truth is, the market is looking for more competition,” O’Donnell says. In terms of semiconductors, O'Donnell points to announcements from Intel (INTC) and Advanced Micro Devices (AMD) and how those companies will be looking to bring their chips to the masses. He also explains how tech companies like Amazon (AMZN) and Microsoft (MSFT) are going to join the ring with Nvidia and Qualcomm (QCOM), pioneering the next generation of AI-processing software.For more episodes from our NEXT series, click here. To read more about AI from Yahoo Finance's Tech Editor Dan Howley, click here...
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Ned Davis Research has identified stocks like Apple (APPL), ExxonMobil (XOM) and Visa (V) as top long-term picks after assessing over 200 metrics spanning 40 years. Global Investment Solutions Head Brian Sanborn cautions against investors trying to "neglect the long-term drivers of stock returns," just because of recent volatility. Sanborn tells Yahoo Finance that by analyzing five vital areas - cash flow multiples, operating cash efficiency, accrual ratios, earnings alignments and price momentum - NDR's model is able to tap enduring performance through varied conditions. Sanborn notes that diverse sectors are represented, from tech to energy, and that companies that did make the list have remained cash-flow generating, even through crises such as the COVID-19 pandemic. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingNothing has changed our lives more this year than the advances made in artificial intelligence — and they have the potential to alter our lives in even more.....
Continue ReadingA Stifel strategist expects the S&P 500 to be rangebound for nearly a decade...
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These companies have powerful positions in their industry and are poised to provide big gains over the long term...
Continue ReadingSingapore plans to triple its pool of artificial intelligence experts, including machine-learning scientists and engineers, to 15,000, as part of its national AI strategy, deputy prime minister Lawrence Wong said on Monday. Nvidia revenue for the quarter that ended in October included $2.7 billion that originated from Singapore, trailing only the U.S, China, and Taiwan, according to a company filing to the U.S Securities and Exchange Commission. Singapore also pledged under its AI strategy to increase government incentives for the sector, including by backing accelerator programs for AI startups and encouraging companies to set up AI "centres of excellence."...
Continue ReadingBYD delivered just over 301,000 passenger vehicles in November, up about 31% year over year. Included in the total were just over 170,000 all-battery electric vehicles, or BEVs, up almost 50% year over year...
Continue ReadingIn 2018, former Amazon.com Inc. Founder and CEO Jeff Bezos expressed a distinctive view on stock market dynamics and company growth. Despite Amazon’s fluctuating stock prices, Bezos insisted, “I don't spend any time thinking about the daily stock price; I don't.” He elaborated on his philosophy during an interview at the Economic Club of Washington, D.C., saying, “At almost every all-hands meeting I say: ‘Look, when the stock is up 30% in a month, don't feel 30% smarter. Because when the stock i...
Continue ReadingShares of International Business Machines Corp. inched 0.34% higher to $161.10 Monday, on what proved to be an all-around dismal trading session for the.....
Continue ReadingShares of Adobe Inc. slid 1.29% to $604.56 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index.....
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