Futures rose after the Dow Jones rose for a seventh straight session Thursday. Nvidia chipmaker Taiwan Semi reported strong sales, leading AI stocks near buy points.
It appears GameStop meme investors got suckered — again. Investors who jumped into the latest online frenzy over shares of the struggling video game retailer lost $13.1 billion in just three days from the mania's high, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. It's been a costly lesson for investors, some of which may have lost billions the last time on GameStop and other highly shorted stocks touted on social media.
Data center services are witnessing outsized demand as the AI revolution unfolds.
New indicators of a cooling economy eased inflation concerns, driving the S&P 500 to record highs last week. The index, which dropped around 4% in April, is now up 11% for the year. Will this momentum continue? Savita Subramanian, head of US Equity and Quantitative strategy at Bank of America, believes it will. She’s taking an upbeat stance on the current market outlook, and backs it with a look at long-term results from the past 300-plus quarters. “20 were recessionary, 13 were stagflationary,
Consumer prices climbed 3.4% year-on-year in April.
Prominent billionaire investors shockingly sent two premier income stocks to the chopping block in the March-ended quarter, while piling into a monthly dividend payer with a nearly 15% yield.
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
Buffett's mystery stock is finally revealed.
These energy stocks are set to generate significant amounts of cash and will return much of it to shareholders through dividends and buybacks.
The stock market is right at highs but Nvidia earnings offer a major test. Five AI stocks are near buy points.
Data center services are on the rise as generative AI continues to fuel the broader technology sector.