Wedbush Securities projects the Nasdaq will reach 30,000 points within a year, driven by strong tech earnings and growing enthusiasm for AI-related investments. The current tech earnings season has replaced earlier investor caution with bullish sentiment, particularly around AI infrastructure and memory chip demand. Despite warnings comparing the AI rally to the dot-com bubble, experts like Dan Ives remain confident the AI-driven market growth will continue for at least two more years. Key tech stocks and semiconductor companies have seen significant gains, supporting this optimistic outlook.
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF gained 460.92% over the past year, far exceeding the 126.59% rise of its underlying semiconductor index due to daily compounding in a trending market. However, recent volatility showed the ri...
The Open Secure AI Alliance (OSAA), led by Nvidia and comprising over 120 companies, has created the Shared AI Findings Exchange (SAFE) to improve AI cybersecurity. The group, managed by The Linux Foundation, presented proposals for confidential inci...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
