Key Points Alphabet is a leader in developing quantum computing technology. Microsoft is also pursuing its own quantum processing unit. Nvidia believes the future will be a hybrid computing architecture. 10 stocks we like better than Alphabet › All eyes are currently on the artificial intelligence (AI) buildout, and for good reason. AI is gradually … Read more
5 Big Consumer Discretionary Stocks to Buy Despite Recent Headwinds
Russ Cohen
The consumer discretionary sector has witnessed moderate growth in the past year, despite a strong rally in U.S. stock markets. The situation has aggravated as the sector is in the negative year to date. Structurally, the consumer discretionary sector is growth-oriented. The share prices of these companies grow over a long time period. Growth sectors … Read more
Crypto Market Update: Kraken Confirms Active SEC Filing for Initial Public Offering
Russ Cohen
Here’s a quick recap of the crypto landscape for Wednesday (April 15) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Bitcoin (BTC) was priced at US$74,145.60, down by 1.3 percent over the last 24 hours. Chart via TradingView Bitcoin price performance, … Read more
S&P 500, Nasdaq 100 Rally as Tech Gains Outweigh Energy Pullback
Key Points If you blinked, you might have missed it: U.S. stocks are largely green again. The S&P 500 (SNPINDEX: ^GSPC) is up by 1.1% as of 2 p.m. ET, aiming for the eighth positive daily move in the last nine market days. The Nasdaq-100 index is jumping even higher with a 1.6% gain as … Read more
AI Stocks Just Did Something That's Been Witnessed Only 4 Times in 62 Years — Is It Finally Time to Sound the Alarm?
Key Points Artificial intelligence (AI) is the most captivating trend on Wall Street, with industry leaders Nvidia and Palantir Technologies thriving. AI stock concentration has hit a new high within the S&P 500 — and we’ve seen this scenario play out a few times before. Additionally, GPU scarcity can shift from a catalyst to a … Read more
Anthropic Has Wiped Out Trillions From the Software Sector. 2 Things Can Happen Next
Key Points Software stocks have plunged this year, primarily because of new innovations from Anthropic. AI poses a real threat to software, though software stocks have continued to deliver strong growth. The value that’s been erased in software should appear elsewhere in the stock market. 10 stocks we like better than Microsoft › Software stocks … Read more