If you’re invested in AI, you might want to pay attention. Bill Smead, founder of Smead Capital Management, says the market frenzy around AI has all the signs of a bubble, driven by the momentum of stocks like Nvidia. “We’re in the crazy stage,” Smead told Business Insider, comparing today’s market to the eve of…
(Bloomberg) — It’s too early to be worried about a bubble in high-flying US technology stocks. Most Read from Bloomberg That’s the view of Goldman Sachs Group Inc. strategist Peter Oppenheimer, who said the record-breaking rally in tech heavyweights has been accompanied by robust earnings growth. In past bubbles, the market was driven higher mainly…
(Reuters) -Robinhood Markets will replace casino operator Caesars Entertainment in the benchmark S&P 500, marking a pivotal moment for the financial technology sector as the retail trading platform joins the ranks of the most influential U.S. companies. The inclusion, announced by S&P Dow Jones Indices on Friday, is expected to boost demand for Robinhood’s stock…
Shares of technology giant Microsoft (NASDAQ:MSFT) fell 2.6% in the afternoon session after disclosure that CEO Satya Nadella sold a significant amount of company stock, compounding a broader sell-off in the technology sector. According to a regulatory filing, Nadella offloaded $75.3 million worth of Microsoft shares on September 3 as part of a pre-arranged trading…