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What Are The Magnificent 7 Stocks? Why Do They Dominate The Market?
Thursday, February 1, 2024 - 4:13pm | 1746The Magnificent Seven stocks are a group of seven high-profile stocks in the technology sector that have delivered outstanding returns in the last few years. Bank of America analyst Michael Hartnett coined the phrase, borrowing the name from a 1960 Western movie depicting a group of seven...
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Billionaire Investor Chamath Palihapitiya's New AI Venture Could Kill Software Companies, Mark Cuban Says Not So Fast
Monday, January 15, 2024 - 10:38am | 673Billionaire investor Chamath Palihapitiya has gained notoriety over the years for investing in technology companies and specific growth sectors, including through a handful of companies that went public via SPAC mergers. Palihapitiya has a new idea that could transform the software market. What...
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CES 2024: NVIDIA Highlights New Products, Video Game, Automotive Partnerships, Stock Hits All-Time Highs: What Investors Should Know
Monday, January 8, 2024 - 2:46pm | 885Technology company NVIDIA Corp (NASDAQ:NVDA) is one of many that will highlight upcoming product launches at the annual CES 2024 event in Las Vegas this week. Here's a look at the highlights from Monday. What Happened: Nvidia was one of the best-performing stocks of 2023, hitting a market...
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Aditxt, Occidental Petroleum, Cava Group, Adobe, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Tuesday, December 12, 2023 - 10:01pm | 638U.S. stocks showed a positive trend on Tuesday, with the Dow Jones index climbing over 170 points. The Dow traded up 0.48% to 36,577.94, while the NASDAQ rose 0.70% to 14,533.40. The S&P 500 also experienced gains, rising 0.46% to 4,643.70. These are the top stocks that gained the attention of...
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Rakuten Set To Launch 'Very Unique' AI Language Model, Anticipates Profitable Growth
Sunday, December 10, 2023 - 11:51pm | 595Japanese e-commerce heavyweight Rakuten has announced its plans to introduce an in-house artificial intelligence (AI) language model in the coming two months. What Happened: During a recent discussion with CNBC, Hiroshi “Mickey” Mikitani, the CEO of Rakuten, shed light on the company...
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McKinsey Predicts China Would Invest Trillions In AI Innovation, Drive Economy Over Next Decade
Wednesday, November 29, 2023 - 8:03am | 492Chinese companies are set to make substantial investments in artificial intelligence (AI) over the next decade. This could result in trillions of dollars in yearly returns and become a crucial factor for economic growth. As stated in a South China Morning Post report, the senior partner and...
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Cambridge Dictionary's Word Of The Year 'Hallucinate' Highlights AI Big Problem
Wednesday, November 22, 2023 - 10:49pm | 585The Cambridge Dictionary has named ‘hallucinate’ as its Word of the Year, indicative of a significant shift within the artificial intelligence (AI) industry. What Happened: ‘Hallucinate’ has been given a fresh interpretation within the AI field, reported Business Insider....
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ChatGPT Google Search Soars To Record High, Paid Service Suspended To New Signups
Thursday, November 16, 2023 - 12:27pm | 472The growing fascination for generative AI tools saw searches for ChatGPT on Google (NASDAQ:GOOGL) rise to a global record high in November and this week the company’s paid service ChatGPT Plus was closed to new sign ups due to high demand. Google Trends, which measures global interest in...
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NASDAQ's AI Push To Meet Evolving Data Demands From Retail Traders
Monday, November 13, 2023 - 6:30pm | 615Bill Dague, vice president and head of data products at NASDAQ Inc. (NASDAQ:NDAQ) delivered key insights on the transformation of data services at NASDAQ in response to emerging market needs in the era of artificial intelligence at Monday’s Benzinga Fintech Deal Day. Moderated by Jake...
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AI-Fueled Stock Boom Means This Former Microsoft Employee Could Soon Outshine Bill Gates In Billionaire Rankings
Monday, October 30, 2023 - 8:53pm | 584The former CEO of Microsoft, Steve Ballmer, is swiftly climbing the ranks of the world’s wealthiest, soon expected to surpass his predecessor, Bill Gates. What Happened: As per Business Insider’s Sunday report, Ballmer’s net worth has seen an estimated growth of $29 billion this...
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Microsoft's Satya Nadella On AI Future: 'We Must Not Lose Control'
Monday, October 23, 2023 - 4:21am | 520Microsoft’s (NASDAQ:MSFT) CEO, Satya Nadella, recently shared his views on the company’s future, emphasizing a focus on artificial intelligence (AI). As reported by Business Insider, Nadella was speaking in Berlin at Axel Springer’s headquarters after...
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This Investment Manager Just Sold Nvidia Stock, Says Microsoft Will Be The 'Number One Beneficiary Of AI'
Monday, October 9, 2023 - 4:55pm | 537Short Hills Capital's Steve Weiss sold out of his Nvidia Corp (NASDAQ: NVDA) position as he saw Microsoft Corp (NASDAQ: MSFT) as a bigger beneficiary of the AI boom. Why Sell Nvidia: Nvidia shares have more than tripled since the beginning of the year on the back of...
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AI Knows If You've Recently Smoked Cannabis, Researchers Say: Here's Why They Care
Friday, October 6, 2023 - 3:43pm | 523An artificial intelligence model can detect if someone has recently used cannabis, according to scientists who say this could help quickly assess if someone is dangerously intoxicated and may need medical care. Experts concur that urine, saliva and hair strand tests can ascertain if someone has...
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ChatGPT Portfolio Slips This Week Alongside Funds, ETFs In Benzinga Challenge
Friday, September 29, 2023 - 3:50pm | 554Here we are at the 21st week of Benzinga's six-month series, “Is ChatGPT A Better Financial Advisor?” With only five more weeks to go in our financial challenge, the question is: Can ChatGPT reclaim its former glory and secure a top spot among the financial titans? At the outset,...
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Cathie Wood's Ark Invest Increases Palantir Exposure By $10.08M Amid Market Volatility, Offloads Shopify Stock
Thursday, August 31, 2023 - 10:47pm | 761On Thursday, Cathie Wood-led Ark Invest made a significant move by increasing its stake in Palantir Technologies Inc (NYSE:PLTR) by $10.08M, despite recent turbulence in the stock’s performance. This comes on the heels of a downgrade from Morgan Stanley and a recent sale of stock options by...