Intel’s best day since 1987 leads the US stock market to more records
NEW YORK (AP) — A surge for Intel following a blowout profit report led the U.S. stock market to more records Friday, while oil prices kept yo-yoing in the wait for what’s next with the Iran war.
The S&P 500 climbed 0.8% and topped its prior all-time high,
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Read MoreGot $5,000? 5 Tech Stocks to Buy and Hold for the Long Term.
Technology investing has always been about identifying the next key industry trend. It is no surprise that artificial intelligence (AI) has emerged as the dominant force in today’s market, even as some investors worry that AI spending may be nearing a peak.
Those concerns are understandable after the strong stock rallies seen over the past couple of years,
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Read MoreS&P 500, Nasdaq close at records on tech lift, Iran peace talk hopes
The S&P 500 and Nasdaq closed at record highs on Friday, bolstered by optimism for possible negotiations between the U.S. and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks. Pakistani government sources said Iran’s foreign minister,
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Read MoreGoogle investing up to $40 billion more in OpenAI rival Anthropic
US tech company Google is investing $10 billion in Anthropic, the OpenAI rival said on Friday.
A further $30 billion may follow if the development firm behind the chatbot Claude meets agreed targets,
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Read MoreUS economy grows 2% as layoffs plunge to 55-year low, inflation lingers
Fresh data showed the US economy grew at a 2% annualized pace in the first quarter while core inflation rose 3.2% year-over-year in March as data shows a resilient, if uneven, recovery.
Economic growth came in a touch softer than expected, with the Commerce Department reporting a 2% annualized expansion in the first quarter — just below the roughly 2.2% to 2.3% pace economists had penciled in heading into the release.
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Read MoreThe Burst
Best AI Stock That’s Not Nvidia?
While the buzz around Artificial Intelligence (AI) has recently centered around companies like Nvidia, which boasts a trillion-dollar market cap, investors may be overlooking a potential gem in the tech landscape—NXP Semiconductors (NASDAQ: NXPI).
Despite its more modest market performance, NXP brings a unique approach to AI that could make it an intriguing investment opportunity.
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Read MoreThe Ivy
36 Stocks Up 30% Year-to-Date
Famously, a common pitfall of ordinary traders is to buy the dip and ignore the stocks going from strength to strength. It’s just so tempting to buy stocks that have sold off in the hopes of making the big returns while ignoring those powering higher from one day to the next.
If we turn our attention to those stocks that have been going higher this year,
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