Share prices of Advanced Micro Devices (NASDAQ: AMD) have climbed 454% over the last five years. An investment of $10,000 in AMD back in June 2019 would be worth $55,410 today. That’s a lot of growth in a relatively short time. Can AMD continue to grow at this pace over the next five years? This
Fears of investing in the artificial-intelligence startup boom—and feeding a bubble like the one that devastated firms in the dot-com era—have investors wary of writing checks with the fervor of prior years. Fears of investing in the artificial-intelligence startup boom—and feeding a bubble like the one that devastated firms in the dot-com era—have investors wary
AI crypto tokens rally after Nvidia posts record gains. (Chiang Ying-ying, Associated Press) AI-related cryptocurrency tokens have rallied in the past 24 hours, outperforming major digital assets, such as bitcoin (BTC-USD) and ether (ETH-USD). The artificial intelligence token market cap has increased by over 14%, to now stand at $29.9bn (£23.55bn), according to Coingecko data.
The travel technology investment climate hasn’t been exactly balmy of late. According to Phocuswright’s report The State of Travel Funding 2023, there has been a cooling in the last couple of years. Data has shown travel funding totaled $4.6 billion in 2023, a drop from $12 billion in 2022. And 2024 is off to a weak
“Just saying ‘AI’ 15 times is not going to cut it anymore.” So said Stuart Kaiser, head of U.S. equity trading strategy at Citi, speaking to the Financial Times (FT) Wednesday (June 19) about the state of artificial intelligence (AI) investments. As that report noted, most of the stocks that jumped amid last year’s AI
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented by AI. “AI-powered clients could increase price competition in the
(Bloomberg) — The long-favored arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co.’s Taipei shares while shorting its US listing is starting to become painful. Most Read from Bloomberg The enthusiasm over artificial intelligence in the US has pushed TSMC’s American depositary receipts to their most expensive price versus the Taiwan stock since 2009 this quarter,
Has the FinTech industry hit bottom after years of skyrocketing investments? That seemed to be the sentiment among some executives and investors at the Money20/20 event in Amsterdam earlier this month, CNBC reported Thursday (June 13). Among them was Iana Dimitrova, CEO of embedded finance startup OpenPayd, who told CNBC that the market has “recalibrated.”
Load growth is becoming controversial in Texas, where its isolated, uniquely free market electricity system makes a sometimes awkward fit with the state’s distinctive right-wing politics. They crashed together Wednesday, when the state’s conservative Lieutenant Governor Dan Patrick, who a few weeks ago was attending Donald Trump’s criminal trialin New York City, expressed skepticism of
When generative AI tools started making waves in late 2022 after the launch of ChatGPT, the finance industry was one of the first to recognize these tools’ potential for speeding up the data-gathering and research process. Speed, after all, is vital when you’re advising investors who need to respond quickly to market changes. Now a