The Tech Download: Chip stocks surge in ‘historic’ month as investors’ AI buildout concerns ease
Cathie Wood’s ARK Invest Snaps Up $39.7M in Robinhood (HOOD) Stock After Earnings Disappointment
Key Takeaways
- On April 28, Robinhood failed to meet first-quarter revenue and earnings expectations, primarily because of sluggish cryptocurrency trading, which triggered an almost 12% stock decline.
Digital gold explained: What you’re really paying for, the risks, and how it’s taxed
It’s easy to buy and feels modern, but digital gold comes with its own set of costs and trade-offs.
Fed Chair Jerome Powell and the FOMC Just Updated Their Interest Rate Outlook — and It's Terrible News for Wall Street
April 29 was, arguably, the most important day of the second quarter for Wall Street — and I’m not talking about the four members of the “Magnificent Seven” that reported their operating results on that date. It marked the final Federal Open Market Committee (FOMC) meeting with Jerome Powell as Fed chair.
May 15 represents the end of Powell’s second term as Fed chair,
Read MoreStock Market Investors Just Got an Urgent Warning From Fed Chair Jerome Powell
The S&P 500 (^GSPC +0.29%) staged a remarkable recovery in recent weeks. After trading 9% below its peak in late March, the index has already recouped its losses and returned to record highs, reflecting expectations that the U.S. will soon reach a resolution with Iran.
» Read more about: Stock Market Investors Just Got an Urgent Warning From Fed Chair Jerome Powell »
Read MoreThe Burst
Uber’s $1 Trillion Moonshot
Uber isn’t just about getting you from point A to point B anymore. It’s stealthily becoming one of the most powerful tech platforms of the next decade, and the lynchpin in that transformation is autonomy.
While most investors still think of Uber as a ride-hailing and food delivery app, under the hood, the company is evolving fast.
» Read more about: Uber’s $1 Trillion Moonshot »
Read MoreThe Ivy
Is Ambiq the Answer to AI’s Biggest Blind Spot?
AI might be the future, but that future has a power problem. For all the fanfare surrounding generative AI, one inconvenient truth continues to lurk in the background, which is it consumes an extraordinary amount of energy.
And unless someone cracks the code on power efficiency, scaling AI beyond the data center and into billions of edge devices will remain an expensive dream.
» Read more about: Is Ambiq the Answer to AI’s Biggest Blind Spot? »
Read MoreThe Spotlight
AI Warren Buffett Is Finally Here
Before old Warren could hang up his gloves and call it a day at Berkshire Hathaway, a new wave of technology may well have taken his baton and started to run with it.
What do we mean? Well, it seems a new ETF has launched aimed at mimicking the moves of the top investors in the world.