Recent market activity shows a mixed performance for AI stocks, impacting major indexes. Nvidia and Palantir Technologies experienced drops, influencing the S&P 500 and Nasdaq, though both recovered partially. Investors are awaiting insights on interest rates from the Federal Reserve's meeting in Jackson Hole. Despite some AI stocks facing challenges, Mizuho has a positive outlook on Oracle, raising its price target to $300 due to Oracle Cloud's potential in AI training. AMD Ventures made a strategic investment in Somite.ai to enhance its AI models for cell therapy using AMD Instinct GPUs. Hedge funds are increasing their investments in Big Tech, with Microsoft becoming a top holding. Bridgewater Associates has significantly increased its stake in Nvidia. In the AI cryptocurrency space, traders are eyeing new opportunities like DeepSnitch, while established AI stocks face scrutiny amid reports of failing AI pilot programs, potentially benefiting consulting firms like IBM. Intel saw a stock jump following a $2 billion investment from SoftBank Group. Analysts are comparing AI stocks like BigBear.ai, Vertiv Holdings, and Super Micro Computer, with Vertiv Holdings receiving a Strong Buy rating. Celestica is currently considered a better AI investment than BlackBerry due to its strong execution in manufacturing servers and storage for AI. AI-focused ETFs include Snowflake, Astera Labs, Oracle, and Nvidia as top picks.
Key Takeaways
- Nvidia and Palantir Technologies stock drops have negatively impacted the S&P 500 and Nasdaq.
- Mizuho increased Oracle's stock price target to $300, citing Oracle Cloud's AI training capabilities.
- AMD Ventures invested in Somite.ai to advance AI models for cell therapy using AMD Instinct GPUs.
- Microsoft is now the most valuable holding among hedge funds, reflecting increased investment in Big Tech for AI.
- Intel's stock rose after SoftBank Group invested $2 billion in the company.
- Analysts are comparing BigBear.ai, Vertiv Holdings, and Super Micro Computer, with Vertiv Holdings receiving a Strong Buy rating.
- Celestica is currently favored over BlackBerry as an AI investment due to its strong execution in manufacturing AI-related hardware.
- AI-focused ETFs are investing in Snowflake, Astera Labs, Oracle, and Nvidia.
- An MIT report suggests that failing AI pilot programs could benefit tech consulting firms like IBM.
- DeepSnitch, an AI cryptocurrency platform, is gaining attention from traders seeking new opportunities in the AI crypto space.
AI stock drops drag Wall Street lower
Wall Street decreased on Tuesday because AI stocks like Nvidia and Palantir Technologies dropped. The S&P 500 fell 0.6%, while the Dow Jones Industrial Average slightly increased. Palantir Technologies had the biggest loss in the S&P 500, dropping 9.4%. Investors are concerned that stock prices have risen too quickly. The Federal Reserve will meet in Jackson Hole, Wyo., with hopes of cutting interest rates soon.
Tech stocks stumble as investors await Fed's Jackson Hole meeting
The Nasdaq and S&P 500 fell on Tuesday, led by drops in tech stocks. Investors are waiting for Federal Reserve Chair Jerome Powell's comments on interest rates at the Jackson Hole conference. Nvidia had its biggest drop in nearly four months, falling 3.5%. Some worry about an AI bubble after OpenAI's CEO Sam Altman spoke about it. Intel's stock jumped after SoftBank Group invested $2 billion.
AI stock drops drag Wall Street lower
Wall Street decreased on Tuesday because AI stocks like Nvidia and Palantir Technologies dropped. The S&P 500 fell 0.6%, while the Dow Jones Industrial Average slightly increased. Palantir Technologies had the biggest loss in the S&P 500, dropping 9.4%. Investors are concerned that stock prices have risen too quickly. The Federal Reserve will meet in Jackson Hole, Wyo., with hopes of cutting interest rates soon.
Asian markets fall following Wall Street's tech stock losses
U.S. stock indexes had mixed results Wednesday after AI stocks like Nvidia and Palantir recovered from morning losses. The S&P 500 fell 0.2%, while the Dow Jones Industrial Average rose slightly. Nvidia initially dropped but recovered, impacting market indexes due to its value. Target's CEO Brian Cornell will step down Feb 1 and be replaced by Michael Fiddelke. Investors are awaiting Federal Reserve Chair Jerome Powell's speech in Jackson Hole, Wyoming, hoping for hints about interest rate cuts.
Mizuho predicts Oracle will win in AI, stock target raised to $300
Mizuho analyst Siti Panigrahi believes Oracle Corporation will be a key player in artificial intelligence. She raised the stock's price target to $300 from $245, with an Outperform rating. Oracle Cloud's unique design is seeing high demand for AI training, boosting growth. Mizuho thinks Oracle's analyst day in October could further increase the stock's value. Oracle is a leading provider of database management and cloud services.
Mizuho predicts Oracle will win in AI, stock target raised to $300
Mizuho analyst Siti Panigrahi increased Oracle's stock price target to $300, maintaining an Outperform rating. Oracle is expected to benefit from growing demand for AI infrastructure and services. Mizuho believes Oracle's cloud services and partnerships will help it gain a large share of the AI market. The firm's positive outlook is based on Oracle's strong performance and ability to use AI for future growth.
Top AI stocks compared BigBear vs Vertiv vs Super Micro Computer
Wall Street analysts are comparing three AI stocks BigBear.ai, Vertiv Holdings, and Super Micro Computer to determine the best investment. BigBear.ai offers AI decision-making tools but its stock has recently declined. Vertiv Holdings provides data center infrastructure and is experiencing high demand. Super Micro Computer makes AI servers, but faces challenges in scaling production. Analysts have given Vertiv Holdings a Strong Buy rating, while BigBear.ai and Super Micro Computer have Moderate Buy and Hold ratings, respectively.
Somite.ai gets AMD investment to boost cell therapy AI models
Somite.ai, which creates AI models for stem cells, received a strategic investment from AMD Ventures. This follows a $47 million Series A funding round. Somite's data platform will use AMD Instinct GPUs to train its AI models faster. Somite aims to improve cell therapy development, potentially helping millions of patients. The collaboration will also focus on improving software for biological data.
Celestica or BlackBerry which Canadian AI stock is better
Celestica and BlackBerry are two Canadian tech stocks benefiting from AI investments. Celestica, an electronics manufacturer, has seen its stock rise significantly due to manufacturing servers and storage for AI. BlackBerry, a cybersecurity and IoT company, is also involved in AI with its QNX software. Celestica's strong execution is currently driving its stock price, making it a better AI investment than BlackBerry. However, BlackBerry's potential could increase if its execution improves.
Top 10 AI stocks hedge funds are watching now
Hedge funds are investing heavily in Big Tech to take advantage of the rise of artificial intelligence. Microsoft is now the most valuable holding among hedge funds. Bridgewater Associates has more than doubled its stake in Nvidia. Arm Holdings hired Amazon's AI chip director to develop its own chips. IBM and the USTA are launching new AI-powered digital experiences at the US Open.
AI ETFs top picks Snowflake Astera Oracle and NVIDIA lead
AI-focused ETFs are investing in companies like Snowflake, Astera Labs, Oracle, and Alphabet. These companies lead in cloud data platforms, AI hardware, and software. Deutsche Bank AG increased its shares in Astera Labs Inc. Snowflake Inc. is a leading cloud data platform provider. Oracle Corp. and Alphabet Inc. are also top holdings in these ETFs. Investors can use these ETFs as a guide to build their own AI-focused portfolios.
DeepSnitch new AI crypto traders are watching after TAO PAAL gains
Traders are looking for new AI cryptocurrencies with potential for big gains, like TAO and PAAL AI. DeepSnitch, priced at $0.01602 in presale, uses five AI agents to help traders. These agents track social media, scan new tokens, and provide instant analysis. TAO's price could reach $3,000 if it breaks out, while PAAL AI is expected to steadily climb. DeepSnitch aims to give smaller traders access to powerful AI tools.
MIT report worries AI investors IBM and others may benefit
An MIT report showing that many AI pilot programs are failing is causing concern among investors. This could benefit tech consulting companies like IBM and Accenture. These companies can help businesses make their AI investments more effective. Companies that help modernize data and IT infrastructure, like Dell and Cisco, may also benefit. Nvidia and Palantir stocks have been affected by these concerns.
AI stock sell-off drags down S&P 500 despite most stocks rising
The S&P 500 fell 0.6% due to a sell-off of AI-related stocks, even though most stocks increased. Palantir led the decline, falling 9.3%. The drop was concentrated in the tech sector. Intel rose 6.9% after SoftBank Group invested in the company. Meta is cutting jobs and restructuring its AI division. Viking Therapeutics fell 42% after disappointing results from a weight-loss pill trial.
Sources
- Wall Street sinks following drops for AI stocks
- Nasdaq tumbles as Jackson Hole jitters hit tech stocks
- Wall Street sinks following drops for AI stocks
- Asian shares retreat, tracking tech losses on Wall Street
- Mizuho Sees Oracle (ORCL) as Structural AI Winner, Raises Target to $300
- Mizuho Sees Oracle (ORCL) as Structural AI Winner, Raises Target to $300
- BBAI vs. VRT vs. SMCI: Which AI Stock Is Wall Street’s Best Pick?
- Somite.ai Announces Strategic Investment from AMD Ventures to Accelerate Foundation Models for Cell Therapy
- Which Is the Better Canadian Artificial Intelligence (AI) Stock to Buy Right Now: Celestica or BlackBerry?
- 10 Trending AI Stocks in Focus This Week
- AI ETF Top Holdings: Snowflake, Astera, Oracle, and NVIDIA Lead the Way
- Best Altcoins to Buy Right Now: Traders Bet on DeepSnitch After TAO and PAAL AI Explosive Gains
- MIT Report On Gen AI Struggles Spooks Investors. Analyst Sees Opening For IBM And These Stocks.
- S&P 500 falls even with most stocks rising as traders dump AI names
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