We recently compiled a list of the 10 Stocks Hedge Funds Are Crazy About Right Now. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other hedge fund-approved stocks. Investing, broadly speaking, narrows down to two strategies. These see an investor decide whether to buy a
Apple ‘s Worldwide Developer Conference on Monday gave us exactly what we needed — reason to believe iPhone users will upgrade their devices sooner rather than later in order to access a new suite of artificial intelligence features. On Monday, the longtime Club holding unveiled its long-awaited generative AI initiatives, known as Apple Intelligence. But
Big Tech has been a closely watched theme over the past year, with investors piling into AI poster child Nvidia and the other so-called “Magnificent Seven” stocks: Alphabet , Amazon , Apple , Meta , Microsoft and Tesla . But this heavy focus on just a few stocks has led one portfolio manager to urge
Shares of Nvidia surged to record highs Thursday, following the artificial intelligence chip giant’s after-the-bell quarterly results that effortlessly smashed quite possibly the highest bar ever set heading into an earnings release. While known for sizeable pullbacks in the past, the upward trajectory of Nvidia’s stock last year and this year cannot be denied. So,
Hedge funds have been adding a number of lesser-known beneficiaries from the artificial intelligence boom, while dialing back exposure to megacap tech stocks after a strong rally, according to Goldman Sachs. The Wall Street investment bank analyzed the holdings of 707 hedge funds with $2.7 trillion of gross equity positions at the start of the
(Bloomberg) — The National Labor Relations Board dismissed the most serious allegations against Apple Inc. in a high-profile case involving fired retail store employees, though officials still maintain that the company mistreated workers. Most Read from Bloomberg Last year, the company terminated five workers who helped organize union activity at its store in Kansas City,
Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world’s largest sovereign wealth fund, said it had a value of 17.7 trillion kroner at the end of March. It described the
(Bloomberg) — Investors are becoming more optimistic about Alphabet Inc.’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. Most Read from Bloomberg The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and
In this article, we will take a look at the 11 oversold blue chip stocks to buy right now. To skip our analysis of the recent trends and market activity, you can go directly to see the 5 Oversold Blue Chip Stocks to Buy Right Now. The S&P 500 Index, widely regarded as the leading
iPhone | Cryptocurrencies In a recent ruling, a lawsuit accusing Apple of monopolistic practices in its App Store by restricting cryptocurrency transactions was dismissed by a judge in San Francisco. Filed by users of Venmo and Cash App, the lawsuit argued that Apple’s policies forced these payment apps to increase their fees. The plaintiffs contended