The AI investing craze has continued to heat up in 2024. AI chip maker Nvidia’s stock alone is up 77% since of the start of the year. While some Wall Street analysts warn that the AI frenzy is a “bubble within a bubble,” others argue that the big tech stocks are actually undervalued. Analysts at Goldman Sachs, led by Ryan Hammond, said in a new note that AI stocks still have room to grow — and that Goldman analysts are already starting to see which companies will benefit from the AI boom next. ...
By Nicole Goodkind, CNN New York (CNN) — It’s been a bumpy road for the stock market this year, but investors aren’t complaining. That’s because markets have rallied to new highs and have already soared past analysts’ 2024 estimates. The S&P 500 has surged more than 10% since January, and last week it surpassed Goldman
U.S. stocks have "limited upside" from here and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management.
Retail investors have been the primary driving force in the recent rise of Bitcoin and cryptocurrency prices in general. However, institutional investors are now beginning to enter the market, according to Mathew McDermott, the head of digital assets at Goldman Sachs. Bitcoin Rally Cools Down Speaking at the Digital Asset Summit (DAS) conference in London, […]
Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Goldman Sachs’ Asia Pacific head of digital assets. Goldman Sachs’ Clients Getting Active […]
The Nasdaq Composite is officially in a bull market, a milestone the index has reached only eight other times since 1990. The Nasdaq Composite (^IXIC 0.16%) is one of three major U.S. financial indexes, the other two being the S&P 500 (^GSPC -0.14%) and the Dow Jones Industrial Average (^DJI -0.77%). Whereas the S&P 500 […]
Digital World Acquisition sizzled, too, ahead of tomorrow's merger with Trump Media & Technology Group.
The main indexes erased early losses Tuesday as mega-cap tech stock Nvidia swung higher.
The main indexes started the week strong after several mega-cap stocks rallied.
Weakness in several Magnificent 7 stocks created headwinds for the main indexes Friday.
A furious rally on Wall Street to start 2024 took a breather at the
Trump Media, the parent company of Donald Trump's Truth Social platform, is