Indirectly, Meta Platforms (NASDAQ:META) stock could be a way for investors to get exposure to artificial intelligence (AI) technology. Plus, a well-known fund manager is reportedly taking long positions in Meta Platforms. With these considerations in mind, you might want to add a few Meta Platforms shares to your own portfolio. Frankly, I’ve been wary of
Stock Market
Have you ever bought the stock of an excellent company only to lose money? It happens all the time. The longer you invest, the more you realize you won’t make perfect decisions. More importantly, avoiding bad stocks is the key to long-term success. Warren Buffett’s investment advice on his top two rules for investing: “Don’t
If you have to boil down 2023 into a single theme, it would have to be artificial intelligence. Even though AI in various forms has been around for a while, it’s the emergence of generative AI and ChatGPT that has turned enthusiasm into outright mania. That’s also instigated a furious mega-cap tech stock rally that’s
Meta Platforms (NASDAQ:META) has been the hottest of the “Cloud Czars” in 2023, with its stock up 125%. The other Czars, who among them own the bulk of the world’s hyperscale data centers, include names like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Apple (NASDAQ:AAPL). Their stocks are also up, but not by half as much. Meta is the
On Monday, Mullen Automotive (NASDAQ:MULN) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D
So far this year, the only advice you’ve needed with Nvidia (NASDAQ:NVDA) stock has been to not fight the tape. With the emergence of the generative artificial intelligence mega-trend at the start of 2023, NVDA stock has zoomed from $150 per share, up to $200, $300, and most recently, $400 per share. However, with the
Nvidia (NASDAQ:NVDA) established itself as a powerhouse for software companies looking to tap into the exponential growth potential of AI and other high-growth technologies. Even better, year to date, the Nvidia stock has surged this year on strong earnings. In addition, Nvidia’s chips continue to hold a strong market share relative to competitors like Intel (NASDAQ:INTC)
Li Auto (NASDAQ:LI) stock just got a little more complicated. It has won a reputation in China as its best producer of luxury electric vehicles, but its latest model is a hybrid. The company announced the Li 7, a five-seat SUV, February. Li delivered over 10,000 Li 7s in its first month of production. Its
If you feel that 2023’s financial-sector crisis has passed, you might be tempted to load up on Goldman Sachs (NYSE:GS) stock. Yet, a top executive at Goldman Sachs recently issued a warning that investors should pay attention to. Along with that, Goldman Sachs’s planned staff reduction suggests that the company’s management might anticipate near-term challenges. Don’t
Since its last earnings release last month, there has been little news out of Rivian Automotive (NASDAQ:RIVN). With this, there is plenty of speculation regarding what happens next for the company, and for RIVN stock. Based on how the early-stage electric vehicle maker’s shares are performing right now, it’s clear that the market overall holds
I was wrong about Nvidia (NASDAQ:NVDA) stock. I called it overpriced. While it’s a long-term winner, I thought paying 23 times revenue was too much. Nvidia’s first quarter earnings of $2.04 billion, 82 cents per share, and revenue of $7.19 billion, were well ahead of expectations. But what sent NVDA stock up nearly 25% was
Not long ago, I issued a bullish call on Nvidia (NASDAQ:NVDA) stock. I still like Nvidia’s long-term prospects as a company. However, I don’t recommend investing at any price. My concern is that artificial intelligence (AI) hype has distorted Nvidia’s valuation, so a share price pullback may be due. There are growth stocks in 2023, and
Owning Meta Platforms (NASDAQ:META) stock was one of the biggest mistakes of 2022. It tossed tens of billions of dollars in developing something it couldn’t even define, “the metaverse.” It’s one of the best deals of 2023, because all that effort is being redirected and called “artificial intelligence.” Shares that were worth nearly $380 each
Today, I have potentially good news and bad news concerning SoFi Technologies (NASDAQ:SOFI). SOFI stock investors can certainly celebrate the U.S. government’s passage of the debt ceiling deal. On the other hand, an upcoming decision from the Federal Reserve might be problematic for SoFi Technologies and its stakeholders. Don’t get the wrong idea here. Overall,
Electric vehicle (EV) manufacturer Tesla (NASDAQ:TSLA) certainly uses artificial intelligence (AI) to its advantage. However, this doesn’t automatically mean TSLA stock should be classified as an AI stock. Nevertheless, Tesla’s loyal investors can remain optimistic about the future prospects of the company and the stock. On May 12, I declared, “It’s definitely not too late to
While uncertainty looms large, long-term investors have an opportunity within some high-growth sectors in the stock market. The headlines are dominated by the impact of inflation and interest rates, which will likely cause some volatility in the near term. But zooming out further, there are plenty of opportunities for growth. In some cases, outsized growth.
The term “magnificent 7 stocks” refers to leading tech firms that are propping up the market as AI mania holds strong. The group of ultra-high market capitalization companies continues to receive strong capital investment on those AI tailwinds and forward hopes. Bullish investors are likely to continue to pile money into those shares. The overarching
Microsoft (NASDAQ:MSFT) shares have continued to climb at a moderately-high pace. Positive news regarding regulatory approval of the tech giant’s acquisition of Activision (NASDAQ:ATVI) has somewhat played a role in the MSFT stock rally. However, the key driver was high excitement about Microsoft’s high exposure to the artificial intelligence mega-trend. As a first-mover among big
Mullen Automotive (NASDAQ:MULN) stock has reached its put up or shut up moment. The electric vehicle start-up says it will begin producing Class 3 trucks at a plant in Mississippi next month. It claims to have $279 million of orders from Randy Marion Automotive, based in North Carolina. This is on top of a $200
Nvidia (NASDAQ:NVDA) has seen incredible growth following its earnings report on May 24, with Nvidia stock surging around 30% in roughly one week. However, prior to this announcement, Nvidia has remained on a tear. On a year-to-date basis, this is a stock that’s surged approximately 175%, nearly tripling in short order. What’s truly incredible about
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