The S&P 500's 10% gain is mainly due to Apple, Amazon, Alphabet, Microsoft, and Nvidia, whose $2.9tn net worth represented 96% of the benchmark's progress in 2023.
The stock market has been dominated by big-cap AI stocks like AAPL, AMZN, and MSFT. But the lack of broad strength is a concern. What's next? Read more.
C3.ai's stock price surge of over 20% ahead of their earnings report is attributed to their integration with Amazon and Alphabet's cloud divisions. As a pure play on the AI space, investors seek returns with tomorrow's earnings report being the market-matching driver or disappointment and volatility.
Microsoft's shares rise over 1% as Wedbush Securities report highlights the potential of AI integration, including ChatGPT technology, boosting the company's monetization opportunities. Analyst Dan Ives predicts Microsoft to benefit from the $800bn AI market over the next decade with a target share price of $375. #Microsoft #AI #ChatGPT #WedbushSecurities #DanIves #Monetization
Stay up-to-date on the latest tech news this Tech Tuesday! Learn about Amazon's advancements in AI, a cautionary tale from a former Googler, and more. #TechNews #AI #Amazon
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?