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Shanthi Rexaline

'Nvidia Is Sucking The Oxygen Out Of The Room:' Wealth Manager Says Stocks With 'Good Fundamental Execution' Can Still Decline Because Of AI Stalwart

Nvidia is second-best performer among S&P 500 stocks, thanks to its AI exposure, and the strength is expected to last multiple years.

S&P 500 Index Year-End Target Raised To 5,600 By Goldman Sachs On Strong Tech Earnings And Valuation Expansion

Goldman Sachs Group has revised its year-end target for the S&P 500 Index to 5,600, up from the previous 5,200. The adjustment is attributed to the robust earnings growth of five major U.S. tech companies and an increased fair value price-to-earnings ratio.

Bill Gates Pledges To 'Put In Billions More' To Propel Terrapower's Nuclear Initiatives: 'If We Don't...Country Will Fall Behind The Demand For Electricity'

Gates also mentioned ongoing talks with utilities to construct a fleet of reactors, with ambitions to create a substantial network of over 100 units.

Shanthi Rexaline

S&P 500 Poised To Extend Bull Run? Market Strategist Sees 'AI Fervor' And Ebbing Inflation Pushing Valuation Toward Dot-com Peak

AI will likely be the market driver in the near- to mid-term and the keep the S&P 500 in an upward trending trajectory, an analyst says.

Apple Could Partner With Japanese Firms Like Canon To Amplify Vision Pro's Reach, Says Lead Developer

Apple is partnering with Japanese companies, including Canon, to enhance the development and popularity of its mixed-reality headset, Vision Pro, with pre-orders starting in Japan and sales beginning on June 28.

Apples AI Rollout Could Extend Beyond Fall, Much-Anticipated ChatGPT Integration May Not Come Until 2025, Says Mark Gurman: Here's What To Expect

Apple's new AI offerings, including Apple Intelligence, will gradually roll out starting this fall, with some major features and enhancements not expected until 2025.

Kaustubh Bagalkote

Taiwan Semiconductor Arbitrage Trade Faces Challenges As US Stock Premium Hits 15-Year High: 'AI Boom Is Not Over'

The popular arbitrage trade involving Taiwan Semiconductor Manufacturing Co is causing unexpected pain as the U.S. stock premium over its Taiwanese counterpart reaches a 15-year high.

Microsoft Regional Chief Says This Country Has 'Caught Up' In AI Technology And Continues To Pick Up The Pace: 'I Think It Will Continue To Accelerate'

Microsoft Japan president Miki Tsusaka believes the country's rapid adoption of artificial intelligence, driven by digitalization efforts during the pandemic, could significantly boost its economy and technology sector.

What's New In the Consumer Tech World Last Week? News That You Should Know (June 9-June 15, 2024)

Apple's AI Privacy Measures, Elon Musk's Robot Prediction, And More: This Week In Artificial Intelligence

Apple and Tesla dominate tech news with new AI privacy measures and predictions of a robot population boom. OpenAI accused of hindering AI progress.

Benzinga Bulls And Bears: GameStop, Apple, Tesla, Bitcoin And Raoul Pal's Dogecoin ETF Prediction

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Apple, Nvidia Are The Most Overbought Stocks On Wall Street Amid AI Frenzy: Here Are Other Stocks With Potential For Pullback

Apple has emerged as one of the most overbought stocks on Wall Street following its recent surge to record highs, driven by its foray into consumer-centric AI.

Hayden Buckfire

Would You Vote For An AI Chatbot? Voters Have Opportunity To Elect AI Leaders In 2024

Experts predict AI will surpass human intelligence in a few years. Chatbot candidates for public office in the UK and Wyoming raise questions about AI governance.

Inflation Cools In May, Fed Hints At Slower Pace Of Rate Cuts, Stocks Hit New Record Highs: This Week In The Market

Wall Street resilient as tech stocks reclaim dominance with record highs for S&P 500 and Nasdaq 100, driven by tech giants like Apple, Nvidia, and Microsoft. Fed's updated projections and cooler inflation reports contribute to hopes for rate cuts. Broadcom's AI chip demand boosts stock, while Apple's WWDC 2024 innovations lead to higher iPhone sales projections. Economist declares victory over inflation, while GameStop stock surges.

Here's How Much Tesla Shares Are Up Since Elon Musk's Original 2018 Pay Package Was Approved

A pay compensation package for Elon Musk was approved by Tesla shareholders. A look at how much shares are up since the original 2018 plan was approved.

Bitcoiner Miner Stocks Bitfarm, Bitdeer Warrant 'Cautious Optimism:' 10x Research

10x Research offered a detailed analysis of the Bitcoin (CRYPTO: BTC) mining sector in its latest newsletter, highlighting significant gains from stocks like Bitfarms (NASDAQ:BITF) and Bitdeer

Semiconductors Hit Record Highs As Industry Reaches $6.3 Trillion: 5 Chip Stocks That Outpaced Nvidia This Week

Semiconductor industry reaches $6.3 trillion valuation driven by AI. Nvidia becomes 3rd largest company. Broadcom, Arm, and Qorvo top gainers.

Benzinga Insights

Smart Money Is Betting Big In UPST Options

Signet Q1 Earnings Surpass Estimates, Sales Dip Y/Y

Signet Jewelers Limited (NYSE: SIG) posted first-quarter fiscal 2025 results, wherein both the top and bottom lines beat the Zacks Consensus Estimate. However, both revenues and earnings declined year over year. Also, same-store sales fell 8.9% from the year-ago period.

Zimmer Biomet Advances in GenAI Technology With RevelAi

Zimmer Biomet (NYSE: ZBH) and RevelAi Health accepted a multi-year co-marketing agreement to commercialize generative artificial intelligence-powered engagement solutions, which, in turn, should help the advancement of value-based orthopedic care and health equity.