In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. AI juggernauts like Nvidia and Palantir are driving the tech-bloated S&P 500 today. Buyer beware. Atthe end of the 1990s, there was one narrative on every stock broker’s lips. The so-called world wide web would change everything about…
Since his wedding day in late June, Bezos netted nearly 5.7 billion from the sale of Amazon.com Inc. shares. Jeff Bezos wrapped up a massive sale of Amazon.com Inc. shares valued at $1.7 billion, according to reports. The Amazon founder made the transaction between July 21 and 22 – days before the company’s earnings report…
Topline Anticipated earnings reports from the world’s largest stocks boosted the S&P 500 and Nasdaq to new all-time highs Monday, marking the latest records for both indexes in recent weeks, though one analyst warned investor optimism might be short-lived as others say AI firms could propel the rally even more. One analyst warned of “intense…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The broadening of the AI trade is here. One of the most common calls among Wall Street strategists entering the year was for the AI trade to expand further from seven key popular…