Tech stocks will likely carry on racking up gains thanks to AI, according to Wedbush.
Expect tech stocks' stellar run to continue thanks to a looming surge in spending on AI, according to Wedbush.'s second-quarter earnings signaled there will be a massive rise in investment in the sector over the next 12 to 18 months that'll ease investors' worries about the Federal Reserve's interest-rate hikes, analyst Dan Ives said in a research note seen by Insider.
Ives predicted the slowdown this month will prove to be a temporary blip, rather than a longer-term trend, and pointed to profit guidance numbers published last week by Nvidia as evidence of an upcoming AI spending spree.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Global shares mostly rise after Fed chief's speechTOKYO (AP) — Global shares were mostly higher Monday, as investors were relieved by the head of the Federal Reserve indicating it will “proceed carefully” on interest rates. France's CAC 40 added 0.8% in early trading to 7,288.58. Germany's DAX rose 0.6% to 15,730.05. Trading was closed in Britain for a bank holiday. U.S. shares were set to drift higher with Dow futures up 0.3% at 34,464.00. S&P 500 futures rose 0.2% to 4,423.50. Japan's benchmark Nikkei 225 added 1.7% to finish at 32,169.99. Au
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
European shares rise as fresh Chinese measures lift mood, tech stocks rally(Reuters) - European shares advanced at the open on Monday, with technology stocks leading gains following an upbeat close on Wall Street and ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Emerging-Market Rally Runs Into Doubts Over China and Fed PolicyA rally in emerging markets faded as doubts over China’s commitment to revive its faltering economy and confusion over the US Federal Reserve’s next steps kept sentiment in check.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Emerging-Market Rally Runs Into Doubts Over China and Fed(Bloomberg) -- A rally in emerging markets faded as doubts over China’s commitment to revive its faltering economy and confusion over the US Federal Reserve’s next steps kept sentiment in check. Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeTraders Have S&P 500 Comebacks Fading at Historic Pace3M Agrees to Pay More Than $5.5 Billion Over Combat EarplugsTrump Doesn’t Look So Invincible in Post-Debate PollsMarkets Ready for Swings After High-Rates Mantra o
Source: YahooFinanceCA - 🏆 47. / 63 Read more »