QQQ 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 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) -- 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...
Continue ReadingAlphabet (GOOGL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock...
Continue ReadingAlphabet just reported another solid quarter...
Continue Reading(Reuters) -Britain's antitrust watchdog is scrutinising Google-parent Alphabet's partnership with artificial intelligence startup Anthropic and its impact on competition, the regulator said on Tuesday. More than 18 months after Microsoft-backed OpenAI triggered an AI boom with the release of ChatGPT, antitrust regulators around the world have been increasingly concerned by multiple deals struck between smaller industry startups and big tech giants. Agreements under scrutiny include Microsoft's partnerships with startups such as OpenAI, Inflection AI, and Mistral AI, as well as Alphabet's ties to other smaller companies such as Anthropic and Cohere...
Continue ReadingAlphabet is one of the cheapest megacap technology stocks, despite being a leader in AI...
Continue ReadingMeta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns. Alphabet's warning last week that capital expenses would stay high this year, overshadowed a jump in ad sales and pushed its stock down. Meta is betting on an open-source approach for its generative AI push...
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