Investors Should Focus on Trading Momentum in Big Tech Stocks Investors Should Focus on Trading Momentum in Big Tech Stocks Introduction Investors should focus on trading momentum rather than worry too much about lofty valuations in Big Tech stocks, according to chief investment officer Patrick Armstrong. Armstrong manages the Plurimi AI Global Equity Strategy and…
Risk of Concentration in Big Cap Tech Stocks Introduction The risk of too great a concentration in big cap tech stocks is once again in focus. Wells Fargo’s Chris Harvey and many other experts have been warning about increased concentration risks among mega-cap tech stocks for some time. The recent Russell reconstitution provided an opportunity…
Moskovitz’s philanthropic ambitions and interest in AI drive his buying spree and ownership expansion Dustin Moskovitz, known as a co-founder of Facebook, has rewritten the traditional tech founder playbook. As the co-founder of Asana, a collaborative work software company, Moskovitz has taken a unique approach to ownership and investing. His recent buying spree has pushed…
Unicorn Hunters Outperform the Market, Defying Conventional Wisdom, Says Morgan Stanley The Numbers Behind Unicorn Hunting A group of “unicorn hunters” are successfully acquiring companies without upsetting the market, according to Morgan Stanley. And their performance can turn conventional wisdom on its head. There are 19 public companies that have acquired at least two “unicorns”…
Palantir CEO Opposes Pause in AI Research Letter from Future of Life Institute Palantir’s boss Alex Karp opposes the idea of a pause in artificial intelligence research, in contrast to an open letter from the Future of Life Institute signed by some of the biggest names in the tech industry. The letter, which has garnered…
Byju’s Unveils Transformer Models to Enhance Learning Experience Introduction Byju’s, India’s most valuable startup, recently launched three transformer models that are intended to enhance the quality of its services and streamline the learning and personalization experience for students. These models signify the company’s bet on AI to transform various aspects of its business. Transformer Models…
Tech Stocks Reward Investors Despite 2022 Slump Nasdaq Composite Gains Momentum Tech stocks still haven’t fully rebounded from a miserable 2022, but they’re rewarding investors who saw the selloff as too extreme. The Nasdaq Composite gained 2% this week, wrapping up the sixth straight weekly rally for the tech-heavy index. It’s the longest such stretch…
Renowned Economist Jeremy Siegel Bullish on Big Tech AI Boom The AI Chip Craze Wharton professor and renowned economist Jeremy Siegel is bullish on a Big Tech boom fueled by artificial intelligence despite concerns of a bubble. An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics processing units — used to…
Dubai-based Emirates Group reported record profit and revenue figures for the year ending April 2023, with customer numbers booming as the majority of pandemic-induced travel restrictions were lifted. The group reported an annual profit of 10.9 billion United Arab Emirates dirhams ($3 billion), while Emirates’ revenue increased by 81% to 119.8 billion dirhams. Passenger numbers…
During the Covid-19 pandemic, more people gained a better awareness of their health and nutritional needs. However, staying active wasn’t easy amidst the lockdowns, as gyms closed down and outside exercise was limited. How did the fitness industry stay afloat and the health-conscious take care of their bodies then? The answer is technology. Many gyms…
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