Euphoria surrounding stock splits has played a key role in lifting Wall Street's major indexes to new highs in 2024. Companies completing forward stock splits have, since 1980, handily outperformed the S&P 500 in the 12 months following their split announcement.
Ken Griffin is arguably one of the most successful investors of all time. He made a name for himself when he shorted stocks just ahead of the 1987 market crash that came to be known as "Black Monday." His profits last year topped $7 billion as his returns of roughly 15% outpaced many of his peers.
To be clear, the idea that an AI-related fever could keep driving stock prices higher hasn't been forgotten among Wall Street strategists. Just two weeks ago, Evercore ISI's Julian Emanuel wrote that he sees the S&P 500 reaching 6,600 by June 2025 as ...
We recently published a list of 15 AI News Updates Taking Wall Street By Storm. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other AI news updates taking Wall Street by storm. xAI, the AI startup ...
The artificial intelligence (AI) analytics company Palantir Technologies (NYSE: PLTR) enjoyed quite the run in the market, surging this year partly due to the AI trade. Palantir's stock is up nearly 285% this year.
According to the Journal, xAI will raise more funding next year to support its growth efforts. The company has received at least $11 billion since it was launched by Elon Musk last year.
Like the web version of Grok, the mobile app would likely use the Grok-2 model. The most recent iteration of the Grok line of models, Grok-2, offers similar conversational abilities to ChatGPT and other AI chatbots but is boosted with real-time information from X.
Artificial intelligence (AI) has defined the investment narrative of 2024, and Palantir Technologies Inc. (PLTR) has emerged as a massive beneficiary of this transformative trend thanks to its cutting-edge Artificial Intelligence Platform (AIP),
A coalition of Canadian news publishers, including The Canadian Press, Torstar, Globe and Mail, Postmedia and CBC/Radio-Canada, has filed a lawsuit against OpenAI for using news content to train its ChatGPT generative artificial intelligence system.
Five leading Canadian news outlets filed a suit against OpenAI on Friday, alleging the ChatGPT owner of violating copyright laws to train its artificial intelligence (AI) models. The