Businesses and consumers have used artificial intelligence (AI) before 2023, but ChatGPT’s launch thrust the technology into the spotlight. Many AI stocks led the stock market and outperformed major indices. Although AI stocks performed well in 2023, promising financials and tremendous runways suggest the rally can continue with plenty of AI stocks to buy for growth
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From monetary policy tightening in 2022 and 2023, the world is moving towards expansionary monetary policies next year. The Bank of America (NYSE:BAC) expects that central banks globally will cut rates 152 times in 2024. Besides excess liquidity potentially supporting asset markets, the likely rate cuts will boost global growth. I would therefore remain optimistic
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Flying car stocks are booming among retail investors as the technology approaches full-scale deployment. Last week, the Japanese company NEC tested a passenger-carrying aircraft. The vehicle stayed airborne for a minute. But Japan isn’t the only country eager to launch passenger-carrying aircraft. Dubai, Singapore, and New Zealand are among other countries ready to get in
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Yuichiro Chino | Moment | Getty Images Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the way firms do business. To be clear, artificial intelligence, like natural language processing and machine learning, has been used by wealth management and asset management firms for years.
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In the relentless and dynamic waves of the cryptocurrency market, the resilience and adaptability of key players hold the essence of value growth. Amidst the volatile realm of digital currencies, three distinct names illuminate the landscape with their strategic moves and operational prowess. These companies, symbolic of the crypto industry’s dynamism, exhibit remarkable growth trajectories.
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Fintech stocks represent companies that have built and continue to build payment platforms. The financial space continues to evolve away from traditional fiat money and toward more digital innovation. The space is characterized by annual growth rates that should continue at approximately 14% through 2030. The expectation of strong growth should be enough to continue to
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Lithium stocks continue to look particularly intriguing at the moment. Their prices remain low, mainly due to weak demand from China, the world’s largest electric vehicle market. However, the long-term outlook continues to be strong for electric vehicles and the lithium used to produce EV batteries. Lithium prices are again approaching their pre-pandemic levels, which suggests that now
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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. When you think of stocks that can double your money, what comes to mind? Tech investors might immediately consider high-growth unicorns. Rocketing startups like Uber Technologies (NYSE:UBER) and Airbnb (NASDAQ:ABNB) can turn small seed
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Advanced Micro Devices (NASDAQ:AMD) has unveiled the “Ryzen 8040” microchips designed to enhance AI applications by 60%. Set for integration into laptops and PCs from Q1 2024; these chips are anticipated to drive revenue and stock performance for AMD stock. Additionally, AMD’s MI300X accelerator microchip, a competitor to Nvidia’s high-powered AI chips, is now available.
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There are some indications that Tesla’s (NASDAQ:TSLA) Cybertruck could become a huge hit that will also cause the demand for the other vehicles to soar for TSLA stock. However, the EV’s specifications are also less impressive than what CEO Elon Musk originally promised, while the Cybertruck is facing serious competition from Rivian’s (NASDAQ:RIVN) R1T and
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EHang (NASDAQ:EH), a global passenger autonomous aerial vehicle technology platform company, focuses on producing AVVs for passenger transportation, logistics, smart city management, and aerial media products. Recently, China’s Civil Aviation Administration officially approved EHang’s unmanned aircraft cloud system, enabling commercial operations. This will have big implications for EH stock. The company is expanding its global
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