Saudi Arabia’s New Pitch to Wall Street: Less Neom, More AI
In 2017, Crown Prince Mohammed bin Salman sat alongside Steve Schwarzman and Masayoshi Son at the first iteration of Saudi Arabia’s annual financial summit to unveil a next-century city called Neom. The two billionaire investors were quick to heap praise on the $500 billion plan that envisioned a metropolis with more robots than humans and enough solar panels to fill out the Great Wall of China.
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Read MoreTom Lee Says Nvidia (NVDA) Valuation Still Attractive, It’s Wrong to Believe We Are Near The End of AI Rally
We recently published 10 Trending Stocks Moving These Days. NVIDIA Corporation (NASDAQ:NVDA) is one of the trending stocks moving these days.
Tom Lee from Fundstrat reiterated his bullish take on the AI rally in a recent program on CNBC and said that the market is still underestimating the potential impact of AI.
Read MoreTech stocks look shaky and the market is ‘showing early signs of vulnerability,’ JPMorgan analyst says
Cathie Wood Bets Millions On Robinhood And Netflix, Dumps AMD And Palantir
This article first appeared on GuruFocus.
Oct 23 – Cathie Wood’s ARK ETFs Made Large Bets In Fintech And Media While Trimming Semiconductors, According To Wednesday Trade Filings.
The firm bought 167,489 shares of Robinhood Markets (NASDAQ:HOOD) worth about $22.1 million,
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Read MoreFed Is Likely to Cut Rates Again as ‘Insurance’ Against a Weakening Economy
The Federal Reserve is expected to cut interest rates by a quarter of a percentage point at its policy meeting on Wednesday, to a target range of 3.75%-4.00%. That would follow a quarter-point cut in September, the first reduction in the federal-funds rate this year.
Although the government shutdown,
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Read MoreThe Burst
Is This the Spark to Ignite Cannabis Stocks?
The cannabis industry seems like an obvious way for investors to make money. There’s immense demand for cannabis products, and plenty of companies would like to sell edibles, concentrates, flowers and similar items to consumers.
Common wisdom says that the value of cannabis stocks will grow as more states legalize medical and recreational access.
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Read MoreThe Ivy
Alert: 33.2% Upside In Little-Known Insurance Stock
Investment Alert: Buy Chubb (CB) Under $205/share
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