“Short-term traders to stay cautious and observe stock price stabilising above the 5-day moving average,” the Futubull artificial intelligence (AI) chatbot said in a demo. “Long-term traders, instead, should build positions in batches as low valuation (price-earnings ratio 9.96, price-to-book ratio 0.32) and high dividend yield provide a margin of safety.” The bot also advised…
Mar 2, 2025 Honor, a prominent Chinese smartphone manufacturer, has announced plans to invest $10 billion over the next five years into developing artificial intelligence for its devices. For more details, see Honor’s recent announcement on Yahoo Finance. The company, which was previously a unit of Huawei, is gearing up for a public offering as…
Feb 15, 2025 Amid growing investment in artificial intelligence, concerns are mounting about parallels with historical market bubbles. Bank of America strategists, in a client note, have compared current market trends to the infamous “Nifty Fifty” and “dot-com” bubbles, highlighting a potential risk of an impending downturn. Source. This observation draws attention to the concentration…
China and Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%. Hong Kong’s benchmark…