Get ready for more AI mania this earnings season
8 months, 2 weeks ago

Get ready for more AI mania this earnings season

Live Mint  

Artificial intelligence is about to be the undisputed star of yet another earnings season. This would make it the best quarter for earnings growth since the January-to-March period of 2022, confirming that companies have left behind the period when inflation eroded profit margins. In the second quarter, S&P 500 firms that should benefit directly from the technology are expected to increase their net income by a whopping 24% compared with the same period of 2023. Of the expected top 10 contributors to earnings growth, six are tech giants, including Meta Platforms, Alphabet, Amazon.com, Micron and Microsoft as well as AI-chip darling Nvidia. The catch-up is expected to continue, with “old economy" stocks delivering 12% year-over-year growth in net income in the fourth quarter—almost as much as the AI beneficiaries, where growth is forecast to cool.

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History of this topic

Investors are in a bad mood. This time, they might be right.
3 weeks ago

Investors are in a bad mood. This time, they might be right.

Live Mint  

A Friday rally can’t hide the fact that the stock market is stuck in an ominous pattern—and it’s not clear what will shake it out. The word “uncertainty" came up 47 times this week in the Federal Reserve’s latest Beige Book, which gathers evidence on economic conditions around the country—about three times as often as it was mentioned in January. …

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
2 months, 3 weeks ago

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024

The Hindu  

Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year, compared to less than 10% a decade earlier. The enthusiasm …

From M&A to AI, how CFOs are mapping out the year ahead
2 months, 3 weeks ago

From M&A to AI, how CFOs are mapping out the year ahead

Live Mint  

Corporate chiefs spent much of the year concerned about inflation and the U.S. election and generally focused on how to wring more operational efficiencies out of their organizations. And with the new Trump administration set to take office, expectations for lower interest rates, measures to curb inflation and a pullback in regulatory scrutiny also have some chief financial officers adjusting …

The big risk for the market: Becoming an AI echo chamber
7 months, 2 weeks ago

The big risk for the market: Becoming an AI echo chamber

Live Mint  

Whatever you think of it, generative artificial intelligence has proven adept at something: generating profits for other AI projects. Digging a bit further into the broad moniker of “AI firms," however, might also help explain the market’s recent concerns. The former group involves “AI implementation" firms that develop tools such as the large language models popularized by OpenAI’s ChatGPT since …

This record stock market is riding on questionable AI assumptions
9 months, 4 weeks ago

This record stock market is riding on questionable AI assumptions

Live Mint  

Remember all the bulls earlier this year getting excited that the rally was broadening out beyond the “Magnificent Seven” stocks, and how wider gains were a sign that the market’s rise was sustainable? AI has had an astounding run since OpenAI unveiled ChatGPT to the world in late 2022, and Nvidia has been the biggest winner as everyone races to …

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit
11 months ago

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thursday’s quarterly financial announcements from big tech firms were a mixed bag, with …

Experts: AI will boost stock market
1 year ago

Experts: AI will boost stock market

China Daily  

A view of the booth of Nvidia during an expo in Hangzhou, Zhejiang province. The global artificial intelligence surge, both technologically and investment-wise, combined with China's emphasis on new quality productive forces, will boost AI-related A-share performance, which in turn will drive up associated indexes this year, said experts. Zhang Yidong, chief global strategist at Industrial Securities, said the global …

AI will lead to an unavoidable market crash, cause 'massive' financial crisis warns Wall Street watchdog
1 year, 5 months ago

AI will lead to an unavoidable market crash, cause 'massive' financial crisis warns Wall Street watchdog

Firstpost  

Gary Gensler, the Chairman of the US SEC has warned that using AI in the financial markets in an unregulated manner will lead to a massive stock market crash, which in turn will lead to a gargantuan, one of the worst financial crashes Gary Gensler, the Chairman of the US Securities and Exchange Commission, has issued a stark warning about …

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