Artificial intelligence has swiftly entered the common vocabulary of most investors, a trend that hasn’t escaped the attention of Cathie Wood, the visionary behind Ark Invest. Wood’s involvement with Nvidia Corp (NASDAQ:NVDA) dates back to at least 2016, and according to her, the AI trade still holds great promise. In fact, she believes that AI…
OpenAI, the company behind the popular AI system ChatGPT, has taken a step towards the future by filing a trademark application for ChatGPT-5. The news was shared by trademark lawyer Josh Gerben in a tweet on Monday, revealing that the filing was made with the USPTO on July 18th. Since the successful launch of ChatGPT…
Bernstein’s outlook for Nvidia appears more positive, bolstered by the latest news from major cloud-computing vendors regarding their AI spending plans. The technology analysts at Bernstein downplayed short-term and medium-term risks of an AI infrastructure oversupply leading to a potential boom and bust cycle for Nvidia’s semiconductors. Instead, they see robust customer demand for Nvidia…
Apple, Inc (NASDAQ:AAPL) exhibited a 1.6% increase on Friday, following a predominantly upward trajectory within a rising channel pattern. The Cupertino, California-based company’s current pattern indicates a bullish outlook, at least for the short-term. Additionally, Apple is currently trading within an inside bar pattern, signaling a period of consolidation that typically precedes a continuation of…
It has been a difficult period for highly valued tech names. Dow component Salesforce, Inc (CRM) has been one of the worst-performing mega-cap growth names as its business model around M&A activity and stock-based compensation has stretched valuations. Shares of CRM were down 37% in 2022 heading into its Tuesday afternoon earnings report. This compares…
Nvidia (NVDA) stepped up to the earnings plate last night. There was a lot of pressure to perform. Supply issues led to poor performance and a 14% decline at Cisco last week. Snap (SNAP) delivered a negative pre-announced a few days later that led to widespread selling in the tech space. Neither company indicated any…
Semiconductors are a curious case for the market. The group has enjoyed a long cycle of demand and grown at an incredible pace. However, investors remain concerned about a ‘peak’ cycle in the group. This is a concept that argues, that while sales are fantastic, they are not sustainable. Price action in the group suggests…
Markets are under pressure as we prepare for the busiest week of earnings. Over the next five sessions, 167 companies from the S&P report Q1 results. This includes four of the five companies that are in the ultra-exclusive “Trillian Dollar Club”. Alphabet (GOOG) and Microsoft (MSFT) report earnings Tuesday after the market closes. Amazon (AMZN)…
