In recent years, stock market observers have noticed that a small group of mega-sized technology stocks, nicknamed the “Magnificent Seven,” have driven an outsized portion of the return in the broad stock market.
A decade ago, it was FANGs (Facebook, Amazon, Netflix and Google — sometimes,
For years now, Wall Street pundits have been talking about the “AI trade.” But exactly what they’re referring to isn’t always clear.
Are they talking about the “Magnificent Seven,” which includes stocks in tech and tech-adjacent sectors that are investing heavily in AI?
Investors are closely watching Friday’s U.S. nonfarm payrolls report, with economists expecting job growth to slow sharply in April while the unemployment rate holds steady,
From
Newsflash: the US economy added more jobs than expected in April.
Non-farm payrolls rose by 115,000 last month, the Bureau for Labor Statistics reports,
Nvidia (NVDA +1.80%) has been one of the biggest beneficiaries of the artificial intelligence (AI) chip boom. Its graphics processing units (GPUs) are parallel processors, designed to break down certain types of massively complex calculations into a host of smaller parts, and then perform all of those small calculations simultaneously,
PointClickCare CEO Dave Wessinger says the probability of the company moving to the U.S. is low and a ‘worst case scenario’ plan that would come into effect only if needed to protect the interests of the business.Fred Lum/The Globe and Mail
One of Canada’s largest homegrown technology companies,
The Big Short’s Michael Burry has been warning of a market crash amid AI bubble fears, citing the extreme overvaluation of companies like Tesla. After placing bets against Nvidia and Palantir Technologies last year, Burry had explained how most US megacap tech stocks artificially inflate their earnings for higher valuations.
In an X post this week,
It’s been a wild past few weeks for the stock market. Although S&P 500 soared more than 10% in April, that was mostly just a bounce from the nearly 6% setback it suffered in March following a more muted loss in February. It’s the sort of volatility that prompts knee-jerk reactions, for better and for worse.
» Read more about: Even in a Volatile Market, These 3 Warren Buffett Stocks Are No-Brainers »
Start-up rare-earth miner Critical Metals has no revenue and won’t turn profitable before 2029.
It’s running out of cash, too.
There’s still a chance it can survive to 2029.
Up an astounding 687% in share price over the past year —
» Read more about: Is Critical Metals Stock Going to $0 Before It Ever Becomes a Real Miner? »
Many older Americans today rely on Social Security for a stress-free retirement. But even if you didn’t manage to earn enough money during your career to qualify for Social Security on your own, you may be entitled to spousal benefits. You may also be eligible for spousal benefits if those payments are larger than the monthly benefits your own wage history allows for.
» Read more about: Divorced? Your Ex May Still Be Tied To Your Social Security »
