AI mania has powered Wall Street’s latest record run, creating trillions in market value. But the market may have already priced in most of the potential gains from the technology, wrote Goldman Sachs analysts in a Sunday note. Investors, the analysts said, often over-aggregate and over-extrapolate during major innovation booms. “Individual companies may be capable…
The stock market may look like it’s on a high, but according to Goldman Sachs (GS), it hasn’t crossed into bubble territory. “There are elements of investor behaviour and market pricing currently that rhyme with previous bubbles,” Peter Oppenheimer, Goldman’s chief global equity strategist, wrote in a new note. “However, we see key differences.” The…
By Noel Randewich and Lewis Krauskopf (Reuters) -Wall Street’s “AI trade” has propelled the market to record highs this year, and Oracle’s stunning share-price gains are giving investors another reason to back the trade. Oracle shares jumped 36% on Wednesday after the company pointed to a demand surge from AI firms for its cloud services….
(Bloomberg) — Chinese stocks capped another strong week of gains, intensifying a debate over the fate of a rally that’s defied the nation’s economic troubles to add $1.3 trillion in market value just this month. Turnover for the onshore market climbed to a record this month as the benchmark CSI 300 Index (000300.SS) rose for…
By Laura Matthews NEW YORK (Reuters) -Options traders are pricing in about a $260 billion swing in Nvidia’s market value following the chipmaker’s second-quarter earnings expected on Wednesday, U.S. options market data showed. Nvidia options implied a roughly 6% swing for the shares in either direction following the results, which will be reported after markets…
Warren Buffett may be cashing in stocks because he sees a storm on the horizon — and could buy them back once prices tumble, a senior market strategist says. The “Oracle of Omaha” has a “history of selling out of the stock market” when economic and financial indicators are “signaling a bear market or a…