BOTZ

The soaring investor interest in artificial intelligence has propelled a rally in U.S. stock markets, but it has also fueled concerns about a potential AI-bubble burst akin to the dotcom-bubble eruption of the late 1990s. The excitement over AI in recent weeks has sent the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), to new highs after gaining more than 50% from an October 2022 low. Meanwhile, the Nasdaq Composite Index, which is tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has soared more than 70% since the end of 2022, Reuters reported. Nvidia and a handful of other giant tech stocks are driving the current market, much in the same way that the “Four Horsemen” C

In a recent report, it was suggested that NVIDIA Corp (NASDAQ:NVDA) has one customer that contributes to a significant portion of its revenue, with Microsoft Corp (NASDAQ:MSFT) being the likely candidate. What Happened: A UBS note speculated that Microsoft might be Nvidia’s largest indirect customer, responsible for 19% of the chipmaker’s revenue in fiscal 2024, reported CNBC. The report highlighted that Nvidia’s revenue is heavily reliant on a few major customers, with Microsoft possibly being the most significant. This revelation comes at a time when Nvidia’s sales are soaring, largely due to the demand for its advanced processors for artificial intelligence technology. Despite th

Artificial intelligence companies have captivated the markets as the proliferation of AI looks to be a major disruptor in several industries. Investors have poured funds into AI exchange-traded funds (ETFs) to diversify their portfolios. The largest AI ETFs are the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) and the ROBO Global Robotics And Automation Index ETF (ASX: ROBO). A question to ask is: Have they beaten the overall market? BOTZ ETF: According to data compiled from etf.com, the BOTZ ETF is the largest AI ETF with $2.76 billion in assets under management. BOTZ has appreciated by 10.63% in year-

According to Deloitte, the manufacturing sector faces a widespread shortage of skilled labor. Last year, three-quarters of manufacturing executives surveyed by the National Association of Manufacturers showed that "attracting and retaining a quality workforce" is “a primary business challenge." Some 83% of manufacturers quoted in the report said they believed smart factory solutions "will transform the way products are made in five years." The Biden administration’s ongoing effort to bolster U.S.-based manufacturing and impose tariffs puts the automation industry in a strategic position to cut costs to remain competitive. And automation combines emerging technologies in two dist

Ahead of Nvidia Corp.’s (NASDAQ:NVDA) earnings on Wednesday, Wedbush analyst Daniel Ives sounded upbeat about about AI-levered stocks and offered his take on what to expect from the AI stalwart’s quarterly report. Beat In The Cards: The big debate between bears and bulls, coming into 2024 was around monetization of the AI revolution, said Ives in a note. Investors were seeking proof for enterprise spending ramping up to justify the valuations of AI-levered stocks, he said. Big techs such as Microsoft Corp. (NASDAQ:MSFT), Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:META), Amazon, Inc. (NASDAQ:AMZN) and others confirmed over the last few weeks that “AI mon

In an exclusive interview with Benzinga, Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, shared his insights on sectors and themes that are currently capturing the firm's attention. As we navigate through the first half of 2024, he pointed to one area that stands out prominently: artificial intelligence (AI) and its transformative potential across various industries. AI: The Game Changer For 2024 Schwartz highlighted that global corporations are investing heavily in computing infrastructure, with over $100 billion being allocated annually. “We are also observing the emergence of superior chatbots and "CoPilots" that optimize existing software as well as conversa

Nvidia Corp (NASDAQ:NVDA) remained at the forefront of investor attention Monday amid reports of Chinese regulators instructing local tech firms to reduce their consumption of the key U.S. artificial intelligence chip designer. China urged domestic tech firms, including TikTok parent ByteDance, Tencent Holding Ltd (OTC:TCEHY), Alibaba Group Holding Limited  (NYSE:BABA), and Baidu Inc (NASDAQ:BIDU), to invest in more domestically made AI chips instead, the Information cites familiar sources.  Also Read: Is Nvidia Benefiting From US Sanctions On China? In 2023, the U.S. imposed strict restrictions on the import of advanced artificial intelligence chips from companies like Nvidia and A

Nvidia Corp (NASDAQ:NVDA) is enhancing its experimental ChatRTX chatbot by adding more AI models for RTX GPU owners.  The chatbot operates locally on Windows PCs and uses Mistral or Llama 2 models to analyze personal documents.  The update will expand its capabilities to include Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s Gemma, ChatGLM3, and OpenAI’s CLIP model, improving photo search functionality, the Verge reports. Initially launched in February as “Chat with RTX” and available as a demo app, ChatRTX requires an RTX 30- or 40-series GPU with at least 8GB of VRAM.  It is a local chatbot server accessible via a browser, allowing users to input documents and YouTube video

Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), and Meta Platforms Inc (NASDAQ:META) have each made significant strides in cloud capital expenditure (capex) and artificial intelligence (AI) investments. According to a JPMorgan research report, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ:ANET), Coherent Corp (COHR), Dell Technologies Inc (NYSE:DELL) and Lumentum Holdings Inc (NASDAQ:LI). The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ:FLEX) and Jabil Inc. (NYSE:JBL). Also Read: ‘Meta Actually Has Major Profit Margins Unlike Tesla’: Redditor Reacts To Stock Drop Fol

On Wednesday, Nvidia Corp (NASDAQ:NVDA) announced its acquisition of Run:ai, an Israeli startup specializing in software that simplifies the management of complex AI workloads and computing resources on a single platform. Reports indicate a valuation between $600 million – $700 million. The acquisition marks Nvidia’s most significant in Israel since its $6.9 billion purchase of Mellanox Technologies Ltd. in 2020, the Times of Israel reports. Also Read: AMD and Nvidia Recover Losses as AI Market Expansion and New Products Drive Growth Run: ai’s team will integrate into Nvidia’s expansive operations in Israel, which currently employs around 4,000 people across seven R&D centers, inclu

Advanced Micro Devices, Inc (NASDAQ:AMD) stock continued its upward trajectory Tuesday after the Friday’s selloff, along with Nvidia Corp (NASDAQ:NVDA) stock. The key artificial intelligence beneficiaries lost close to 6% – 10% in stock value last Friday as the Street grew wary of the U.S. Federal Reserve’s rate cuts and Iran and Israel strike. Meanwhile, reports indicated that Chinese companies are succeeding in procuring advanced Nvidia chips from third-party vendors.  Previously, Chinese tech juggernaut Alibaba Group Holding Limited (NYSE:BABA) voiced how the U.S. embargo harmed China’s AI ambitions. Prior reports had also indicated how the U.S. embargo led to a captive underg

Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) face challenges in China, where the East Asian country retaliated against the U.S. semiconductor sanctions by eliminating foreign technology from its telecom systems.  In 2024, Chinese officials directed major telecom carriers to phase out foreign processors, notably impacting American chip giants Intel and AMD. China set the deadline for 2027.  This Ministry of Industry and Information Technology directive accelerates Beijing’s ambitions to end the use of foreign core chips in its telecom infrastructure.  The Wall Street Journal reports that China tasked its telecom operators with inspecting their networks for n

It's been a monster year for Nvidia (NASDAQ:NVDA). The pioneering chipmaker has become the hottest stock in a hot tech market driven by the rapid adoption of Artificial Intelligence (AI) technology. Nvidia is up roughly 230% since this time last year, while the S&P 500 gained about 26%. It's not just Nvidia that's seen huge gains. The semiconductor industry as a whole has benefited from AI hype. The technology requires massive amounts of data processing and advanced computing that is continuing to push the bounds of what is possible. Marvell Technology (NASDAQ:MRVL), another chipmaker, has seen a boost this year, rising about 73%, but the gains have fallen short of Nvidia. Why? Nvid

BofA analyst Vivek Arya maintained a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a price target of 1,100. Nvidia is down about -11%, underperforming the SOX and SPX since an all-time high of $950 on March 25 following its GTC tradeshow, Arya said. The current selloff marks the 9-time Nvidia stock has declined ~10% or more since ChatGPT’s launch in late 2022. Also Read: Taiwan Semi Clocks Double-Digit Q1 Revenue Growth, Eyes Robust 2024 Amid AI Boom On a fundamental basis, the analyst flagged investor concern around rising competition and reducing lead times for Nvidia GPU accelerators.  While there is always the potential for near-term summer consolidation in Nvidia stock, Arya

Nvidia Corp (NASDAQ:NVDA) is a prime example of U.S. dominance in the generative artificial intelligence market. From consumer applications to foundational technologies, cloud infrastructure, and semiconductors, U.S. firms lead, with Nvidia capturing a staggering 92% market share in data center GPUs.  This market leadership is underpinned by the widespread use of Nvidia’s CUDA development platform, which has been embraced by over 4 million developers worldwide for AI and parallel computing applications, Nikkei Asia reports. Also Read: Nvidia Leads AI Chip Rivalry with New GPUs, While AMD and Intel Bet Big on AI PCs The U.S. generative AI market, valued at $16.1 billion last year

Last week, Nvidia Corp (NASDAQ:NVDA) announced significant collaborations with Johnson & Johnson (NYSE:JNJ) and General Electric Co (NYSE:GE) GE Healthcare to integrate generative AI into surgery and enhance medical imaging.  The company flagged the partnerships at Nvidia’s 2024 GTC AI conference, where the company unveiled about two dozen new AI-based healthcare tools, marking a significant push into the medical sector.  Raj Joshi from Moody’s Ratings emphasized Nvidia’s crucial role in facilitating previously complex tasks in healthcare, indicating the sector’s potential for Nvidia’s revenue outside the tech sphere, CNBC reports. Also Read: Nvidia’s Groundbreaking AI Innovations a

Nvidia Corp (NASDAQ:NVDA) is on the cusp of its annual artificial intelligence conference, with high expectations for the semiconductor giant to unveil news that could further fuel its stock’s impressive rally.  The Nvidia GTC, a premier event for GPU technology that has evolved into a critical global AI conference for developers, is scheduled to run from March 18-21 in San Jose, California.  Nvidia’s CEO, Jensen Huang, is slated to kick off the event with a keynote speech that could potentially stabilize the stock’s recent volatility and continue its significant upward trajectory of over 80% this year, Bloomberg reports. Nvidia’s market capitalization recently surpassed $2 trillion

The European Union Parliament made a significant stride in technology regulation by endorsing the world’s first comprehensive regulatory framework for artificial intelligence (AI), positioning Europe as a leader in setting global standards for AI.  This landmark decision, which saw 523 votes in favor, came after achieving a provisional political consensus in early December.  Thierry Breton, the European Commissioner for the internal market, celebrated Europe’s newfound status as a global standard-setter in AI, CNBC reports. Also Read: Nvidia’s Push for AI Advances Promises Lower Costs, Challenges $7T Chip Initiative Introduced in 2021, the EU AI Act categorizes AI technologies ba

Nvidia Corp’s (NASDAQ:NVDA) remarkable surge has escalated its market value by over $1 trillion this year, propelling the AI leader to consider another stock split.  Following a four-for-one split in May 2021, when shares were around $600, Nvidia’s price is now approaching $1,000, building on last year’s 240% gain.  Experts believe a split could make shares more accessible, especially to small retail investors deterred by the high share price, Bloomberg reports.  Ken Mahoney of Mahoney Asset Management anticipates a potential split within the next year to attract these investors.  Without indicating immediate plans for a split, Nvidia has seen its shares skyrocket past previous l

Mizuho analyst Vijay Rakesh reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), and Arm Holdings Plc (NASDAQ:ARM). The analyst raised the price target of Arm from $100 to $160, given further custom silicon and mobile upside. Rakesh raised the price target of Nvidia to $1,000 (from $850), Broadcom to $1,550 (from $1,450), and AMD to $235 (from $200), citing multiple expansion with multiple catalysts ahead. The stock prices of Nvidia, Broadcom, and Arm are trading higher Thursday. The analyst highlighted Arm’s accelerating custom silicon roadmap with Neoverse N3 and V3 and foundry collaboration with Intel Corp (NA

The debate over active and passive management strategies has weathered the test of time. The passive approach, typified by following broad market indices like the S&P 500, has its advocates, especially given its cost efficiency and simplicity. However, there’s a growing interest in the potential of actively managed funds to outperform the market. Despite the skepticism often surrounding active management—fueled by studies like the one from S&P Dow Jones Indices, which highlighted that more than 92% of U.S. large-cap funds failed to beat the S&P 500 over a 15-year period — TrueMark Investment is making a compelling case for its model. The investment firm offers actively managed ETF

Nvidia Corp’s (NASDAQ:NVDA) CEO, Jensen Huang, suggested at a Stanford University economic forum that artificial general intelligence (AGI) could become a reality within the next five years, depending on how its achievement is defined.  With Nvidia at the forefront of producing AI chips, crucial for developing AI systems like OpenAI’s ChatGPT, Huang’s insights carry significant weight in the tech industry.  He proposed that measuring AGI by a computer’s ability to pass a comprehensive array of human tests could lead to reaching this milestone relatively soon, Reuters reports. Also Read: Nvidia, Microsoft Back Figure AI with $675M Investment for Humanoid Robots Integration Current

Microsoft Corp (NASDAQ:MSFT), ChatGPT parent OpenAI, and Nvidia Corp (NASDAQ:NVDA) are investing in a Silicon Valley startup, Figure AI, aiming to revolutionize the workforce with AI-powered humanoid robots. With a recent funding round of $675 million, raising the company’s valuation to $2.6 billion, Figure AI plans to expand AI training, robot manufacturing, and engineering teams.  The startup has partnered with OpenAI to develop advanced AI models for humanoid robots and secured an AI infrastructure deal with Microsoft to accelerate the deployment of these robots in real-world applications, the Financial Times reports.  Also Read: Nvidia’s Data Center Dominance and AMD’s Rising Share

Shares of NVIDIA Corp (NASDAQ:NVDA) rose over 15% on Thursday after the company reported quarterly earnings that beat even the most optimistic forecasts. As a provider of key technology needed to develop artificial intelligence (AI) platforms, the company is strategically positioned to benefit from the ongoing AI craze.  Jensen Huang, Nvidia's co-founder and chief executive, said during the late Wednesday call that "a whole new industry is being formed, and that's driving our growth."  Investors took these words seriously, taking much of the tech sector up. While big tech companies like Meta Platforms Inc (NASDAQ:META), Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), Microsoft Corp (NA

As 2022 drew to a close, AI pioneer OpenAI released ChatGPT to the public. Before two months had passed, the revolutionary LLM - or Large Language Model - had surpassed 100 million active users, by far the fastest adoption of a new technology in history ChatGPT, and Artificial Intelligence as a whole, dominated the news cycle for much of 2023 and drove incredible investor interest in the technology and the companies driving its development. This is not just hype, AI has the potential to truly transform our economy potentially faster than a technology ever has before. PwC estimates AI could add an eye-watering $15.7 trillion to the global economy before the decade is out. Investors are righ