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Consumer confidence drops as AI stocks soar, leaving bitcoin behind at half its peak.

Market News
17 Aug 2026
Bitcoin
View Source
Bearish
Consumer confidence drops as AI stocks soar, leaving bitcoin behind at half its peak.

Consumer confidence in the U.S. remains near decade lows despite record highs in AI-driven stocks. While investors are moving money out of cash, capital is flowing into AI-focused equities and tokens rather than bitcoin, which trades at about half its October 2025 peak. Bitcoin's muted response to stable inflation and declining trading volumes suggests institutional interest has waned, as some bitcoin miners shift resources toward AI workloads. This shift challenges bitcoin's role as a go-to asset during economic uncertainty, though its long-term value case remains intact.

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BMO Capital rates Tenet Healthcare 'Market Perform' with 24% EPS growth forecast

BMO Capital rates Tenet Healthcare 'Market Perform' with 24% EPS growth forecast

BMO Capital initiated coverage on Tenet Healthcare with a 'Market Perform' rating, indicating the stock is expected to perform in line with the broader market. The company is forecasted to report a 24.05% increase in Earnings Per Share (EPS) to $4.59...

Analyst Insights
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Stocks JAGX, GRML, and VKTX soar on FDA approvals, biotech data, and mineral interest.

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Market News
Bullish
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Market downturn hits top stocks: New Fortress Energy falls nearly 25%, quantum and tech stocks also slide.

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The market experienced a downturn with significant losses among key stocks. New Fortress Energy dropped 24.7% amid ongoing volatility in energy sectors, while Xanadu Quantum Technologies fell 21.7% reflecting sensitivity in quantum stocks to commerci...

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Capri Holdings rated Hold amid takeover uncertainty but expects growth from new products and marketing.

Capri Holdings rated Hold amid takeover uncertainty but expects growth from new products and marketing.

Jefferies maintains a Hold rating on Capri Holdings due to uncertainty over a potential takeover. Despite a flat global luxury market, Capri's management expects growth in the second half of 2026, driven by new product launches, increased marketing, ...

Analyst Insights
Neutral
2 hours ago
VGT ETF excludes Google, Meta, Amazon due to sector rules, focusing on semiconductors and software instead.

VGT ETF excludes Google, Meta, Amazon due to sector rules, focusing on semiconductors and software instead.

The Vanguard Information Technology ETF (VGT) excludes major tech-adjacent companies like Alphabet (Google), Meta, and Amazon due to a 2018 sector reclassification that moved these firms out of the Information Technology sector. Instead, VGT focuses ...

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Neutral
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