Change is a constant on Wall Street, with innovation, competition, mergers and acquisitions and bankruptcies regularly shuffling the stock market’s “rankings.” The rise of artificial intelligence (AI) has helped propel Taiwan Semiconductor Manufacturing and Broadcom past the $1 trillion plateau in 2024. However, AI is not the main growth driver for an industry leader that … Read more
U.S. stock futures sank on Thursday as Oracle ( ORCL ) earnings revived concerns about artificial intelligence trading, taking the wind out of Wall Street’s rally following the Federal Reserve’s latest interest rate cut. Contracts on the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 0.8% and 1.2%, respectively. Dow Jones Industrial Average (YM=F) … Read more
Tepper’s hedge fund Appaloosa trimmed its positions in Alphabet and Amazon in Q3. However, the billionaire loaded up on Qualcomm. Analyst views on Qualcomm are mixed, but the stock’s valuation and growth prospects look attractive. 10 Stocks We Like More Than Qualcomm › Hedge fund managers and Wall Street analysts have several things in common. … Read more