What investor out there wouldn’t like to hop in a time machine and travel back to 1997 and pick up some Amazon.com shares for a mere 10 cents, spotting a theme early on and riding it to the top.
fleet-footed capital has pivoted back to safety…or on to the next,” a team of strategists led by Edward Stanley told clients on Thursday. Morgan Stanley’s U.S. tech team has calculated a 7 times higher cost per query than paid search for ChatGPT, though that’s not necessarily a deterrent. “The speed of new product launches is ramping up, which is creating opportunities through the stack,” they said.
And then there’s the debate about the future of workers and white-collar job disruption from chatbots. Will it be a creative destruction moment for companies and employees, a re-skilling catalyst, wage dispersion enabler? This could have major implications for knowledge and customer outsourcing sectors across Asia, for starters, they said.
Robinhood Markets HOOD admitted to a $57 million mistake — accidentally selling Cosmos Health COSM short in December, triggering an earnings miss and causing bonus cancellations. But shares are up after the trading app said it would buy FTX founder Sam Bankman-Fried’s stock.
But what does Mikey Bear Wilson have to say? He’s always right…;)
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