Wall Street Analyst Predicts Tech Bull Market Will Continue Into 2025, Says This Stock Billionaire Stanley Druckenmiller Dumped Is Set To Hit Trillion-Dollar Market Cap
Wedbush Securities’ Dan Ives says that US equities are in the middle of a new tech bull market, with some stocks set to be major beneficiaries.
In a new interview on Bloomberg Television, Ives, the managing director of the $5.7 billion firm, says that the market dip at the close of this week would end up being a small hiccup in an otherwise raging bull run.
Read MoreWarren Buffett's AI Bets: 22% of Berkshire Hathaway's $294 Billion Stock Portfolio Is Held in These 2 Artificial Intelligence Growth Stocks
Warren Buffett and Berkshire Hathaway have been making some stock moves that AI investors might want to pay attention to.
Since purchasing a controlling stake in the company and becoming its CEO in 1965, Warren Buffett has built Berkshire Hathaway (BRK.A 0.18%) (BRK.B -0.06%) into the world’s most successful investment conglomerate.
Asian markets rise on US rate cut hopes
Photo: Kazuhiro NOGI / AFP
Source: AFP
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Asian markets kicked off the week with a rally Monday morning,
» Read more about: Asian markets rise on US rate cut hopes »
Read MoreAustralian Dollar slips as US Dollar advances despite Fed rate cut bets rise
- The Australian Dollar may regain ground as the likelihood grows for a Fed rate cut in September.
- The Reserve Bank of Australia is expected to resume easing with a larger 50 basis-point rate cut in November.
- The CME FedWatch Tool indicates an 87% chance of a 25 basis-point rate cut in the next meeting.
» Read more about: Australian Dollar slips as US Dollar advances despite Fed rate cut bets rise »
Read MoreChina Warns Against Nvidia H20 Chips: Here's Why That Won't Stop the AI Leader
Key Points
Nvidia (NASDAQ: NVDA) received a shock on Friday after the Chinese government told its tech companies to stop using the company’s H20 chips.
» Read more about: China Warns Against Nvidia H20 Chips: Here's Why That Won't Stop the AI Leader »
Read MoreThe Burst
Will Historic Lows in Market Breadth Trigger a Stocks Crash?
Market concentration refers to periods when a few stocks or a single sector dramatically outperform the rest of the market, driving a disproportionate share of index gains. In such times, market breadth is “narrow” meaning the rally relies on a small cluster of leaders while the majority of stocks lag.
Over the past 50 years,
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Read MoreThe Ivy
Uber’s Stock Is Down But Business Is Booming, Why It Might Be a Buy
Uber (NYSE: UBER) has had its fair share of ups and downs lately. After peaking last October, the stock took a hit on the heels of Tesla’s flashy Cybercab announcement, a move that spooked investors and led to a sustained selloff into year-end.
While the stock has been slowly clawing its way back,
» Read more about: Uber’s Stock Is Down But Business Is Booming, Why It Might Be a Buy »
Read MoreThe Spotlight
Why Buffett Is All In On This Energy Stock
In recent months, Chevron has garnered attention for winning the confidence of Warren Buffett whose Berkshire Hathaway has taken a large stake. But Chevron’s roots trace all the way back to the 19th century when it was originally part of the Pacific Coast Oil Company.
Since then, Chevron has evolved to become one of the largest and most diversified energy companies in the world,
» Read more about: Why Buffett Is All In On This Energy Stock »