Dominating the tech-heavy S&P 500 (^GSPC) this year were the Magnificent Seven tech stocks — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — which are up around 70% year-to-date. Many of these companies have, in some form or another, implemented the buzziest tech of Wall Street: Artificial intelligence.
With such a strong performance, it begs the question of whether these companies and AI have hit their peaks or will they continue to grow in 2024? TECHnalysis Research, LLC President and Chief Analyst Bob O’Donnell joins Yahoo Finance to discuss AI and its use within these companies as we head into 2024.
“You think about things like Microsoft’s 365, Google’s Workspace. Now, what’s happening is really it’s been a tech industry discussion and a little bit of a financial industry discussion, but those tools are starting to get into the hands of people, and really, we won’t see that until 2024,” O’Donnell says. “And I think a lot of people are just going to have their minds blown by this stuff, because it really is powerful stuff.”
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Yawn
👍I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement🚀🚀
Yes I Agree, I’ve been talking to Nick Dranchak for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring..
HOW !! I know it’s possible , I would appreciate if you show me how to go about.
hype
TQQQ To The MOONNNNN!!!
My goodness, how impressive !
Does this require more home computer power hardware wise ?
The bears yall had on yesterday were embarrassing.
7
Apple 🍏
Remember all the hypes about autonomous driving cars only a few years back? Cruize is having a major layoff and executives desertion. Tesla is recalling every single much hyped self-driving car. Many automakers quietly abandoned or pushed out their similar projects.
Beware of some generative AI becomes degenerative AI. Even Google’s Youtube video recommendations are pitiful. Its search is all about pushing paid ads. Siri is dumb as a rock.
AI Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
I’ve been in touch with a financial advisor ever since I started my business. Knowing today’s culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems
My advisor is Margaret Johnson Arndt , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Margaret really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. her is a fiduciary who will act in my best interest. So, I booked a session with her.
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