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Traders have made artificial intelligence (AI) 2023’s hottest investing theme and with good reason. It’s truly remarkable how quickly generative AI solutions have developed in chatbot and image generation fields. However, this technology has created a lot of overvalued AI stocks. Reportedly, there were approximately 2,000 companies involved in the U.S. car industry in its
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You may have noticed. The 2023 stock market rally has been very unbalanced. The so-called Magnificent 7 mega-cap tech stocks – Meta (META), Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Tesla (TSLA), and Nvidia (NVDA) – are up nearly 60% so far this year.  The other 493 stocks in the S&P 500 are up
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This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. The dot-com bubble made the early 2000s a terrible time to invest. Shares of the best-regarded tech stocks were trading at enormous premiums, reducing their potential future returns. Even today, Cisco Systems (NASDAQ:CSCO) and
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While the stock market has performed well this year, the gains have not been spread broadly. Many well-known companies and underperforming blue-chip stocks have trailed the market’s performance and disappointed investors. Poor-performing blue chips reached their current predicaments due to several factors, such as declining sales, weak earnings, sour sentiment, and rising competition. Whatever the
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Discerning investors are locking their radars onto the top renewable energy stocks in navigating the rapidly transforming energy landscape. These stocks aren’t just bright spots on the horizon; they represent critical pillars underpinning the global shift towards clean, sustainable power. The International Energy Agency forecasts a surge in electricity demand, set to rev up this year, propelled
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The year started on a cautious note for equities. However, the S&P 500 index has gained momentum as macroeconomic worries wane. Several sectors have made a strong comeback in the first two quarters. Among these, the technology sector is worth mentioning. Blue-chip tech stocks have surged higher as investors focus on areas of machine learning, AI,
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Snapping up low-cost stocks in this environment can be one of the best ways to amplify your portfolio when the broader market bounces back. The downturn investors saw over the last two years has caused the stock prices of many well-established companies to plunge to historically low prices, due to short-term concerns about their profitability
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The stock market continues to rip higher. And this year, the gains are primarily concentrated in technology stocks, specifically companies that are involved in artificial intelligence. Year to date, the benchmark S&P 500 index is up 20%, while the tech-laden Nasdaq has gained nearly 40%. In fact, only seven tech stocks have accounted for most of
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With global auto sales at 79.4 million units last year, auto stocks are essential to any portfolio consideration. But a changing dynamic broadens the investing landscape beyond just the traditional Detroit automakers. Emerging markets such as India, the Middle East, Southeast Asia and Africa are seeing growing strength in the global auto market. Those areas
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Based on Qualcomm’s (NASDAQ:QCOM) recent price performance, it is clear that growing optimism is helping to counter more negative aspects to the QCOM stock story. The mobile chip maker’s possible generative artificial intelligence catalysts excites some investors. As I discussed previously, Qualcomm’s management has been touting how it is well-positioned to benefit from a likely
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