Tag: Tech sector

Bank of America is encouraging investors to consider AI as a new trend in their investment strategy. Savita Subramanian, Head of US Equity and Quantitative Strategy, highlights productivity and increased focus on capex cycle on automation, reshoring, and green initiatives as a potential boost for firms with higher capital spending. Her team upgraded the tech sector to Market weight while downgrading healthcare, communication services, and consumer staples stocks. For investors, it's recommended to invest in value lines within mid-cap and small-cap stocks.

Citigroup strategists have upgraded U.S. Equities and Tech sector from 'Underweight' to 'Neutral' due to advances in AI. It suggests that AI stocks will continue to be strong due to the Federal Reserve's monetary policy rate-hiking cycle and debt-ceiling deal. Nvidia's stock, which skyrocketed, could now become a trillion-dollar company.

Discover what OpenAI CEO Sam Altman and Operation Hope CEO John Hope Bryant had to say about President Biden and Vice President Harris' AI meeting. From the A.I. arms race to the need for regulation, explore their thoughts on the implications and importance of such events in the tech sector. Learn why Altman feels this is one of the most crucial questions of our time.