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Consumers and businesses around the world are spending heavily for data protection and digital infrastructure. Cybersecurity companies embrace this trend. Worldwide spending on cybersecurity is forecast to reach a record $151 billion in 2023, according to data from Nasdaq Investment Intelligence. Furthermore, revenue growth in the cybersecurity industry is expected to grow 11% per year
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It’s certainly not difficult to find folks who are super-bullish on Nvidia (NASDAQ:NVDA) as a purveyor of hardware for artificial intelligence (AI) applications. However, at least one well-known investor is signaling caution on NVDA stock, which appears to be over-hyped and overpriced. As we’ll see, the investor I’m referring to is concerned about Nvidia and about
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Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Shutterstock — Shares of the stock image, video and music provider jumped 10% after Shutterstock announced a six-year, expanded partnership with OpenAI, the maker of ChatGPT. Newell Brands — Shares of the consumer goods company jumped more than 10%
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Goldman Sachs recently asserted “that AI adoption could boost productivity growth by 1.5 percentage points per year over a 10-year period.” The venerable firm’s estimate shows how tremendously valuable the technology can be to many companies. These three AI stocks are the best way to play the technology now because they are growing rapidly, their stock prices are a very long
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Investors are actively seeking AI stocks as businesses increasingly utilize artificial intelligence for improved customer experiences and revenue growth. While many AI-related stocks have seen significant gains, a few companies continue to offer promising investment opportunities. Here are three top AI stocks to consider for July, allowing investors to position themselves for the AI boom.
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When investors want maximum returns, they go for growth stocks. With stronger momentum than value stocks, these stocks can produce generational wealth. Granted, this level of potential also comes with significant risk, as growth stocks usually carry frothy valuations and must produce excellent earnings to maintain their valuations.  While you can buy and hold growth
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After a swift rally in SoFi Technologies (NASDAQ:SOFI) stock, a pullback ensued but caution is still advised. Recent developments pertaining to student loan repayments, and the benefits that SoFi Technologies will gain, were already anticipated and factored into the SoFi Technologies share price. So, don’t be surprised if the shares decline to $6 in the coming
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Despite some positive recent momentum, investors should remain cautious with GameStop (NYSE:GME) stock. This meme stock is one that continues to trade divorced from fundamentals. However significant challenges remain for the bricks-and-mortar retailer, with little help coming from key insiders that have been relied upon for previous rallies. It’s my view that traders should approach
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Investors can achieve solid returns by focusing on long-term investing in growth stocks with strong fundamentals. These potential millionaire-maker stocks have demonstrated top-and-bottom-line growth, operate in promising industries, and have a track record of rewarding long-term investors in recent decades. Before we delve into the specifics of these three growth stocks, it’s important to understand
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