The artificial intelligence software market is starting to flex its muscles and shows no sign of slowing down anytime soon. As usual, the data tells the story. According to ABI research, the worldwide AI software market hit the $98 billion mark in 2024 and will reach $391.43 billion by 2028. That results in a 30%…
The AI-driven market surge has hit troubled times and JPMorgan analyst Jason Hunter is telling investors to be cautious. Recent bear gaps in AI stocks have cracked short-term trend support, leaving tech darlings like Nvidia Corp (NVDA), Broadcom Inc (AVGO) and Marvell Technology Inc (MRVL) looking vulnerable. But before VOO investors start sweating, there’s a…
The electric vehicle market lost some juice earlier in 2024, but October showed a sector comeback with some serious battery power. According to Cox Automotive, new EV sales were up 2.3% for the month and have cleared one million units for the year to date. Cox attributed the growth to aggressive dealer incentives and attractive…
The battle for AI supremacy isn’t just about innovation — it’s a clash of titans in the stock market. Nvidia Corp NVDA and Palantir Technologies Inc PLTR are two names synonymous with AI dominance, but which one deserves a spot in your portfolio? Let’s break down the numbers and signals analysts are sending. Nvidia, with…
EV charging stocks hit the brakes in November, down 21% over the past month, trailing both broader market indices and the EV sector average. Yet, JPMorgan analyst Bill Peterson sees a bright spot in EVgo Inc EVGO, which continues to pull ahead of peers despite the industry’s sluggish growth. EV Deployments: Running On Fumes The…
SoundHound AI Inc SOUN has been stealing the show in the stock market with a jaw-dropping 564% gain year-to-date. The stock’s trajectory has been up, fueled by optimism over its voice AI technology. But is the rally sustainable, or is this just a short-term hit? Chart created using Benzinga Pro The technical indicators for SoundHound…
In the electric vehicle (EV) battle, Tesla Inc. TSLA and BYD Co Ltd BYDDF BYDDY are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability. With Tesla…
U.S. stock futures advanced on Friday after a day’s break for Thanksgiving as investors look to end November on a high note. The dollar slipped below the 106 mark in the hope of more measured tariffs. U.S. markets will close at 1 p.m. ET on Friday during the truncated week. Futures for the three major…
A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S. stock indices to new record heights during Monday morning trading, marking what could be another historic session on Wall Street. The S&P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and…
The S&P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party may not last forever. According to Hartnett’s latest Flow Show report, published Friday, the U.S….