Stocks

“Lumen Technologies Stock Jumped 93%. 3 Reasons Why.”

“Lumen Technologies… shares soared after the telecommunications company said it had secured $5 billion in new deals. And there’s a raft of other positive news that seems to be driving the stock… Lumen shares were up 43% in Wednesday’s premarket. The… Continue Reading…

Business

“Microsoft stock drops after results fall short in latest AI disappointment”

“…For the quarter, Microsoft reported earnings per share (EPS) of $2.95 on revenue of $64.7 billion. Wall Street was anticipating EPS of $2.94 on revenue of $64.5 billion, according to data compiled by Bloomberg. Microsoft reported EPS of $2.69 and… Continue Reading…

Business

“TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts”

“TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications… Revenue in the April-June period of this year came in… Continue Reading…

Stocks

“Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment”

“Corning shares closed up 12% Monday after the company raised its second-quarter guidance, marking the stock’s best trading day since March 2020. The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical connectivity… Continue Reading…

Business

“Job scams surged 118% in 2023, aided by AI. Here’s how to stop them”

“… …” https://www.cnbc.com/2024/07/07/job-scams-surged-118percent-in-2023-aided-by-ai-heres-how-to-stop-them.html How do you stop scams? Meet the people in person. This lowers risk dramatically. Scams are far less likely to happen when you’re in strangling range of the scammer. I don’t recommend violence. I’m just stating the… Continue Reading…

Stocks

“This Semiconductor Stock Has Jumped 48% in 2024, and Artificial Intelligence (AI) Could Help It Soar Further”

“ Share prices of Cirrus Logic (NASDAQ: CRUS) have been in fine form so far in 2024, clocking gains of 48% as Wall Street turns bullish on the chipmaker’s prospects. The market is excited about a turnaround in the smartphone market, its solid… Continue Reading…

Stocks

” Magnificent Stock Down 78% to Buy Hand Over Fist”

“…SentinelOne (NYSE: S) specializes in automated cybersecurity software driven by AI, which reduces the workload on human operators so that fewer incidents slip through. SentinelOne stock is trading 78% below its all-time high that was set during the 2021 tech frenzy. However,… Continue Reading…

Business, Economy

“Generative AI Sales Could Surge 2,026%: Here’s My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)”

“…Bloomberg Intelligence says generative AI sales across hardware, software, and services could soar 2,026% to $1.4 trillion by 2032. That puts investors in front of a once-in-a-generation opportunity… Alphabet shares trade at a reasonable valuation Going forward, digital ad spending… Continue Reading…

Business

“Nvidia Stock Eyes These Milestones After AI Leader Surges Above 1,000”

“Nvidia (NVDA) continues to skyrocket, surging last week above the 1,000 level for the first time last week. Its market cap raced past $2.5 trillion, less than a year after reaching the $1 trillion mark. Shares surged again on Tuesday. With… Continue Reading…

Banking

“Bank of Italy warns against AI-powered fake videos”

“…The Bank of Italy warned on Wednesday against fraudulent video messages circulating online, in which artificial intelligence (AI) technology is used to reproduce fake messages from financial authorities and other institutions. “Such content, known as deepfakes, is also generated using… Continue Reading…