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?
Russ Cohen
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
Russ Cohen
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
This $500 Stock Could Be Your Ticket to Generational Wealth
Key Points Berkshire Hathaway Class B shares come with all of the benefits of the stock at a lower price point. Warren Buffett built up his holding company to include businesses that will always be relevant to the economy. Berkshire Hathaway has seriously outperformed the S&P 500 over many decades. 10 stocks we like better … Read more
Crypto Market Update: Bitcoin, Digital Assets Following Macro Signals
Here’s a quick recap of the crypto landscape for Friday (April 10) as of 9:00 p.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$73,170.23, up by 1.5 percent over the last 24 hours. Chart via TradingView. Bitcoin price performance, … Read more
AI Layoffs Are Spreading Faster Than Expected
What started in fintech is now hitting software, crypto, and banking – and accelerating AI layoffs are accelerating – and they’re spreading across the economy. Fintech. Enterprise software. Crypto. Now traditional banking. Different industries, same message: fewer people are needed to do the same work. Not long ago, we detailed Jack Dorsey’s 40% headcount cut … Read more