Advanced Micro Devices remains one of the most compelling opportunities in the semiconductor space, well-positioned to capitalize on the ongoing AI revolution, accelerating data center demand, and robust growth in high-performance computing. Despite recent stock weakness, AMD’s strategic positioning in emerging technologies, particularly its MI300 artificial intelligence accelerator s and EPYC server processors , gives the company an edge in capturing market share from competitors. AMD”s long-term growth potential is underpinned by its ability to innovate and deliver best-in-class products across gaming, data centers and AI. As the demand for AI chips intensifies, AMD’s competitive positioning against dominant players like…
Author: usaeverydaylife
A woman shops at a Target store in Chicago on Nov. 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesHeading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31 is “clearly on track” to reach a record, between $979.5 billion and $989 billion.”Job and wage gains, modest inflation and a heathy balance sheet have led to solid holiday spending,” the NRF’s chief economist, Jack Kleinhenz, said in a statement.But other…
Tennis is back. Did you miss it? The season resumes from today, December 27, with the United Cup opening proceedings in Perth, Australia.The Athletic’s tennis writers Matt Futterman and Charlie Eccleshare are here for the second of two mailbags, answering your questions submitted earlier this month. The first focused on tennis in 2024; this one will focus more on 2025 and the state of the sport, before a deeper look into storylines on the ATP and WTA Tours at the start of January.Read on for their views on players to watch this year, the state of the political machinations at…
The year just ending delivered another blowout return for technology stocks as investors and megacap companies themselves poured billions into artificial intelligence, driving market favorites to new heights. The ” Magnificent Seven ” stocks led by Nvidia dominated the investment landscape, as they did in 2023, sending broad market indexes to record after record. Nvidia, the dominant maker of AI semiconductors, won a coveted spot in the Dow Jones Industrial Average late this year, and all but Microsoft outperformed the benchmark S & P 500 index, which soared 27% in 2024 while the Nasdaq Composite jumped 34%. Looking ahead, many…
OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup.”The hundreds of billions of dollars that major companies are now investing into AI development show what it will really take for OpenAI to continue pursuing the mission,” OpenAI’s board wrote in the post. “We once again need to raise more capital than we’d imagined. Investors want to back us but, at this scale of capital, need conventional equity and…
As the new year approaches, investors should keep an eye on some stocks that could outperform over the next 12 months, according to Citi. It has already been a strong year for stocks with all three major averages posting sizable gains. The tech-heavy Nasdaq Composite has seen the most of all, rising more than 33% year to date. That’s followed by the broad market S & P 500 at more than 26%, and then the blue-chip Dow Jones Industrial Average at about 15% year to date. In light of this backdrop, Citi updated its focus list of bottom-up, highest conviction…
Check out the companies making headlines before the bell. Rigetti Computing , Quantum Computing , D-Wave Quantum – Stocks tied to quantum computing were surging in premarket trading, building on a strong year-end rally for the budding industry . Shares of Rigetti rose 27%, while D-Wave Quantum’s stock jumped 5% and Quantum Computing shares added almost 8%. KULR Technology Group – The stock added more than 11%. On Thursday, shares of the space technology company soared more than 40% after it said it bought 217.18 bitcoin worth about $21 million. The purchase was the company’s first since its announcement of…
Here are the most important news items that investors need to start their trading day:1. Green ChristmasA Christmas tree stands in front of the New York Stock Exchange (NYSE), on the day U.S. President-elect Donald Trump is expected to ring the opening bell at NYSE to celebrate being named Time magazine’s ‘Person of the Year’, in New York City, New York, U.S., December 12, 2024. Adam Gray | ReutersInvestors hope stocks will close the holiday shortened week strong. While trading has been sparse, the three major U.S. averages have all climbed this week. The S&P 500 has gained 1.8%, the Dow…
NEW YORK, NY – NOVEMBER 01: Sundar Pichai, C.E.O., Google Inc. speaks at the New York Times DealBook conference on November 1, 2018 in New York City. (Photo by Stephanie Keith/Getty Images)Stephanie Keith | Getty Images News | Getty ImagesGoogle’s blowout earnings report in April, which sparked the biggest rally in Alphabet shares since 2015 and pushed its market cap past $2 trillion for the first time, tempered fear that the company was falling behind in artificial intelligence.As executives enthusiastically talked about the results with Google’s employees at an all-hands meeting the following week, it was clear that Wall Street…
Fmr. Time Warner CEO Richard Parsons dies at age 76. Source link
