Semiconductor Stocks Just Tumbled. This Tech ETF Soared 6% Instead. Here's Why.
Something surprising happened to tech stocks on Monday. As semiconductor manufacturers sold off, one segment of the artificial intelligence (AI) trade soared instead.
Chip stocks fell after two frontier AI CEOs, Dario Amodei of Anthropic and Sam Altman of OpenAI, published weekend warnings about the pace of AI development and its risks.
US Stocks Set for Higher Open as Tech Shares Rise and Oil Prices Retreat
The benchmark 10-year US Treasury yield moved back below 5%, falling to around 4.95%. The yield had climbed above 5% after the Fed announced its policy decision on Wednesday.
Lower Treasury yields reduced some pressure on equities, particularly technology companies. Higher government bond yields can make risk-free assets more competitive with stocks and increase financing costs for businesses.
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Read MorePresident Trump Claims He Told Federal Reserve Chair ‘Do What You Want’ on Interest Rate Hike Vote
President Donald Trump apparently offered some advice to Federal Reserve chair Kevin Warsh before the board unanimously voted to raise interest rates by a quarter point on Wednesday, September 16.
On Wednesday, a reporter asked the commander in chief, 80, “Do you still have confidence in the Fed chair Kevin?”
Read MoreConocoPhillips Sold 43,000 South Texas Acres for $1.2 Billion. At 63, a Landowner Can Keep Getting Oil Royalties Without Social Security Calling Them Work.
A 63-year-old mineral owner collects royalty checks while another company drills his wells, but filing for Social Security early turns that seemingly passive income into a high-stakes question about which dollars actually count against him.
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Read MoreAMD stock crosses $1 trillion market cap for first time
Advanced Micro Devices crossed $1 trillion in market capitalization for the first time on Monday, as its stock hit a record intraday high of $613.92 on the strength of a five-day rally tied to AI chip demand.
AMD stock climbed as much as 10% on the day,
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Read MoreThe Burst
Market Commentary: Champion Traders Key Rule To Win
When you win the US trading championships numerous times, you deserve closer scrutiny than the ordinary trader. And that’s why in today’s post we examine an absolutely crucial component of successful trading that just about every ordinary trader ignores, dismisses, or simply fails to adhere to in spite of knowing better.
To exemplify the rule,
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Read MoreThe Ivy
The ONLY Fund Buffett Recommends (hint, it’s not his own)
As probably the world’s best-regarded stock picker, Warren Buffett isn’t usually associated with ETFs. Nevertheless, the legendary value investor’s portfolio at Berkshire Hathaway contains two ETFs, both of which track the S&P 500 index.
These two funds, namely SPY and VOO, account for a little over $45 billion of Berkshire’s total holdings. Why does Buffett own the S&P 500,
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Read MoreThe Spotlight
1 Cybersecurity Stock To Hold For 10 Years
The sheer volume of sensitive information stored in digital format is mind-boggling. Everything from medical records to financial data has been moved from paper files to electronic alternatives, and most major organizations keep trade secrets and intellectual property on their networks.
In addition to consumer and business data, critical infrastructure relies on digital controls.
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