Day: September 19, 2023

The tech-heavy Nasdaq 100 Index ($IUXX) has had a pretty decent run so far in 2023, rising 38% to more than double the percentage gains of the S&P 500 Index ($SPX) – which is up just 15.6% since the start of the year. This rise has been fueled in large part by euphoria around the artificial intelligence (AI) space, with Nvidia (NVDA) being the most noteworthy beneficiary. And the prospects are only expected to get better for AI and AI-related industries. According to a recent study by Statista, the global AI market is forecast to reach about $1.85 trillion by 2030, up from roughly $207.9 bill… Read More “3 AI Stocks to Avoid at Current Prices”

The geopolitical landscape is increasingly becoming a key variable in the decision-making process of the largest publicly traded companies when directing investments abroad, new data points out. The World is once again becoming fragmented in two blocs, but the playing field is by far more complicated than that of the cold war, when the Soviet Union and the U.S. became the leaders of a World divided by economic and political views. A new analysis by Bloomberg Economics reveals that cost-effectiveness is beginning to cease being the main factor companies look at when investing abroad. A new tren… Read More “S&P 500 Companies Sidestep China, Invest In Politically Aligned Nations”

Intel Corporation (NASDAQ: INTC) shares are trading lower Tuesday. The stock has continued to trend downward since last Friday which was marked by weakness in semiconductor and chip stocks, as well as news that Taiwan Semiconductor Mfg. Co. Ltd. reportedly told its suppliers to postpone high-end chipmaking equipment delivery. Also, Intel held its Intel Innovation 2023 event on Tuesday. What To Know: TSMC, a leading semiconductor foundry, cited demand uncertainty as its reason for the decision. The company plays a particular role in Intel’s business functions, not only as a supplier, but also i… Read More “What’s Going On With Intel Stock?”

Washington (AFP) – Researchers at Google DeepMind, the tech giant’s artificial intelligence arm, on Tuesday introduced a tool that predicts whether genetic mutations are likely to cause harm, a breakthrough that could help research into rare diseases. The findings are “another step in recognising the impact that AI is having in the natural sciences,” said Pushmeet Kohli, vice president for research at Google DeepMind.  The tool focuses on so-called “missense” mutations, where a single letter of the genetic code is affected. A typical human has 9,000 such mutations throughout their genome; they… Read More “Google AI tool predicts danger of genetic mutations”

In today’s news roundup for Walmart Inc. (NYSE: WMT), we delve into the company’s recent decision to reduce operating hours at select Atlanta-area stores, its collaboration with the Canadian government to stabilize food prices, and a patent infringement lawsuit it is currently facing. Reduced Operating Hours in Atlanta: Walmart has announced a reduction in operating hours at five stores in the Atlanta area, now closing at 9 p.m. instead of 11 p.m. The decision was made based on feedback from store managers, employees, and shoppers. While the exact reasons for the change were not specified, it … Read More “Walmart’s Mixed News: Reduced Hours in Atlanta, Canadian Food Price Initiative, and Patent Infringement Case”

The 2024 presidential election could end up being a rematch of the 2020 race, which saw voters choose between Donald Trump and Joe Biden. Currently serving as the 46th president, Biden defeated Trump in the 2020 election. Here’s a look into a weekly poll’s insights on a potential face-off between the current and former presidents. What Happened: President Biden has been the consensus nominee for the Democratic Party in the 2024 election. While some in his party have expressed concern over his age, Biden has been able to fend off the limited challenges to his bid for the Democratic Party nomina… Read More “Trump Pulls Even With Biden In Latest 2024 Election Poll: Sign Of What’s To Come Or A One-Off?”

By Jess Jones Jeremy Hunt will meet with technology and creative firms on the west coast of the United States as part of efforts to make Britain the “next Silicon Valley”. The Chancellor will hold talks with tech giants including Microsoft, Amazon and Alphabet in Los Angeles, San Francisco and Seattle as he seeks to boost investment in the UK. His trip, starting on Wednesday, will also feature a speech to British senior tech leaders, entrepreneurs and investors to highlight the UK’s success in the region, according to the Treasury. He will also hold a roundtable with representatives from the b… Read More “Jeremy Hunt to woo US tech firms on west coast tour”

By Sinéad Carew and Lewis Krauskopf (Reuters) -Shares of Arm Holdings closed down 4.9% on Tuesday, in their third daily decline out of the stock’s first four sessions as a listed company, as investor interest faded in the biggest initial public offering (IPO) for the year so far. With short sellers looking to profit from the stock, it closed at $55.17 after touching a high of $69 on Friday. The chip designer, in which Softbank holds a roughly 90% stake, closed at $63.59 on Thursday, which was almost 25% higher than its IPO price of $51. Arm shares underperformed the Philadelphia semiconductor … Read More “Arm shares post third daily loss with IPO buzz fizzling, short sellers hovering”

The World currently seems to have entered the artificial intelligence (AI) era which future generations may one day refer to as before AI and after AI. What Do The Experts Say? Goldman Sachs (GS) Research estimated AI investment is likely to peak at $200 billion globally by 2025 and $100 billion in the U.S. GS Research economists Joseph Briggs and Devesh Kodnani believed the majority of AI investments will originate from hardware investment to train AI models and run AI queries, as well as increased spending on AI-enabled software. If these projections come true, AI-related investment could su… Read More “AI Bubble Or Revolution? Goldman Sachs Research Takes A Look”

NEW YORK — A New York appeals court on Tuesday signaled it was unlikely to release Sam Bankman-Fried from jail pretrial, with one judge quipping the disgraced crypto entrepreneur had made the bed “he’s sleeping in” when he leaked the digital diary of the star witness in his case. Bankman-Fried, 31, has been at Brooklyn’s Metropolitan Detention Center since Aug. 11, when Manhattan federal court Judge Lewis Kaplan revoked his staggering $250 million bond amid witness tampering allegations. Prosecutors requested the judge make the dramatic move amid suspicions the fallen FTX founder had leaked th… Read More “NY appeals court signals it won’t release FTX crypto exec SBF from jail pretrial: ‘He makes his own bed, he sleeps in it’”