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From Hype To Reality, AI Reshapes Pharmaceutical Industry Across Drug Discovery To Marketing - Stocks To Watch
Friday, May 10, 2024 - 2:49pm | 762Pharmaceutical companies have been at the forefront of artificial intelligence for quite some time. Researchers have been using advanced AI models to understand disease mechanisms even before the recent surge in interest. Wednesday, researchers at Alphabet Inc’s (NASDAQ:GOOG) (...
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Cathie Wood's Ark Invest Continues To Shed Coinbase, Nvidia Shares
Monday, April 15, 2024 - 11:44pm | 598On Monday, Cathie Wood-led Ark Invest made significant trades involving Coinbase Global Inc. (NASDAQ:COIN) and NVIDIA Corp. (NASDAQ:NVDA). The COIN Trade Ark Invest decided to offload 3,689 shares of Coinbase from its ARK Next Generation Internet ETF (NYSE:ARKW) fund. The value of the sold COIN...
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Potential iPhone Killer? Humane AI Pin's Design, Interface 'Inherently Flawed,' Says Gurman: 'Can Merely Be An Extra Accessory'
Sunday, April 14, 2024 - 5:13pm | 694Humane’s Ai Pin, a device that was expected to revolutionize the consumer tech industry, may not be the game-changer it was hyped up to be, said Bloomberg columnist Mark Gurman. Not A Replacement: Testing of the the Humane Ai Pin revealed that “smartphones aren't going anywhere,”...
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Google's Gemini 1.5 Pro AI Could Change How You Play Games And File Insurance Claims
Tuesday, April 9, 2024 - 10:26pm | 783Google Cloud, a subsidiary of Alphabet Inc. (NASDAQ:GOOG), has unveiled the public preview of its advanced AI model, Gemini 1.5 Pro, at the Cloud Next event. What Happened: As per the Google Cloud blog post, the latest model of the search giant’s AI brings incremental upgrades over the last...
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OpenAI Transcribes Over A Million YouTube Hours: Navigating The Gray Area Of AI Data Use
Monday, April 8, 2024 - 7:16pm | 421OpenAI developed its Whisper audio transcription model, which was reportedly used to transcribe over a million hours of Alphabet Inc‘s (NASDAQ:GOOGL)(NASDAQ:GOOG) YouTube videos to train GPT-4. The initiative, described as a means to navigate the challenge of limited training data...
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Blockchain-Focused Polychain Capital Fuels AI Firm Ritual's $25M Funding Round With Significant Investment
Monday, April 8, 2024 - 9:37am | 462Blockchain-centric venture capital company Polychain Capital has invested a significant amount in artificial intelligence (AI) platform Ritual. What Happened: The investment by Polychain supplements Ritual’s $25 million funding round from last November. The round, led by Archetype, also saw...
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EXCLUSIVE: The Top Crypto VC Funding Trends In 2024
Friday, April 5, 2024 - 12:39pm | 991The crypto venture capital landscape is showing signs of a significant shift, with a clear focus emerging on specific sectors attracting the most funding. Benzinga talked to crypto venture capitalists and uncovered a newfound focus highlighting the industry’s changed priorities. Crypto VC...
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5 AI Stocks That Drove S&P 500's Q1 Gains
Tuesday, April 2, 2024 - 8:50am | 697Artificial Intelligence (AI) has become a cornerstone technology driving innovation across various sectors, from healthcare to finance. In the first quarter (Q1) of this year, the S&P 500 Index witnessed gains of over 10% year-to-date (YTD). A significant portion of these gains can be...
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Tesla's Tactical Change May Deliver Fewer Vehicles But Could Raise Profitability: Analyst
Monday, March 25, 2024 - 12:05pm | 714Tesla Inc (NASDAQ:TSLA) appears to be changing its strategy after noting in its last quarterly earnings report that it was facing lower demand for electric vehicles and that delivery growth rates in 2024 would be “notably lower” than in 2023. The company’s fourth-quarter earnings...
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AMD Stock Worth A 27% Return If It Reclaims Recent Record Highs
Friday, March 22, 2024 - 9:41am | 727Nvidia Corporation (NASDAQ:NVDA) isn’t the only artificial intelligence chip stock in town, and Advanced Micro Devices (NASDAQ:AMD) has been striving to prove this over the past weeks. Despite announcements on new product launches and partnerships, the shares haven’t responded — at...
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Nvidia Blazes Trail For 3 Further Phases Of AI Investment Opportunity, Says Analyst
Friday, March 15, 2024 - 2:21pm | 820NVIDIA Corp (NASDAQ:NVDA) blazed the trail for artificial intelligence-related stocks, raising some fears of overvaluation and a mounting tech bubble. Not so, said analysts at Goldman Sachs this week, as earnings growth expectations warrant current lofty share price gains. While Nvidia returned...
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Analysts Raise S&P 500 Earnings Outlook On AI Investments, Eye Trump Tariff Risks After Election
Wednesday, March 13, 2024 - 11:39am | 554Bank of America recently upgraded its forecast for S&P 500 earnings per share (EPS) for 2024, setting the bar high with a new estimate of $250 (+12% year-over-year), compared to the previous projection of $235 (+6% year-over-year). This adjustment, which marks the highest top-down prediction...
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Oracle's Stock Value Surges As Company Enters 'Hypergrowth' Phase
Tuesday, March 12, 2024 - 1:03pm | 696Oracle Corporation (NYSE:ORCL), while not quite Magnificent Seven material, the company has been a fighter to maintain its position among the cloud technology giants such as Microsoft Corporation (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN). A solid set of results after the market close on...
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Nvidia Vs. Microsoft: 'Insane' Gains Aim Tech 'Beast' At No. 1 Market Cap Slot
Friday, March 8, 2024 - 11:17am | 761“This is insane,” says one market analyst on X (formerly Twitter). “It’s a beast,” says another on CNBC. It’s becoming difficult to find suitable superlatives to describe the market performance of Nvidia Corporation (NASDAQ:NVDA) The Kobeissi Letter on X on...
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Apple Vs. Nvidia: Only 1 Adds $1 Trillion In 67 Days In Battle For Mega-Cap Dominance
Thursday, March 7, 2024 - 4:20pm | 872We’ve written a lot over the past months — as has every financial media organization — about the meteoric rise of Nvidia Corporation (NASDAQ:NVDA), the artificial intelligence (AI)-linked semiconductor stock. We’ve asked a lot of questions: Is it overvalued after a 1,634% rise over the...