Fidelity Global Technology: A Contrarian Approach to Nvidia and AI’s Future

TipsForTraders | February 28, 2024

In the fast-paced world of technology investments, one fund stands out not just for its exceptional performance but for its distinctive investment strategy—particularly its stance on Nvidia (NVDA), the current darling of the market. The Fidelity Global Technology fund, the largest tech stock fund in Europe, has deliberately chosen to bypass Nvidia’s shares despite their […]

Apollo CEO Warns of AI Bubble Bursting

TipsForTraders | February 27, 2024

In the latest edition of Tips4Traders, we delve into the burgeoning artificial intelligence (AI) market, a sector that has captivated investors and analysts alike with its explosive growth and unprecedented valuations. Amidst this fervor, a voice from Apollo Global Management has sounded a note of caution, likening the current AI bubble to the infamous tech […]

Navigating the Tesla Turbulence: Is It Time to Buy?

Aline Medeiros | February 20, 2024

In the ever-evolving landscape of the stock market, Tesla (NASDAQ: TSLA) has recently been at the center of attention for investors and analysts alike. The electric vehicle (EV) giant, known for its revolutionary approach and market-shifting innovations, has experienced a notable decline in its stock value year-to-date, dropping nearly 20% and 15% over the last […]

Musk seeks Tesla shareholder vote on moving incorporation to Texas

reuters | February 1, 2024

By Shubham Kalia, Maria Ponnezhath and Samrhitha A (Reuters) – Tesla CEO Elon Musk said on Thursday the company will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, days after a judge invalidated his $56 billion pay package at the electric vehicle (EV) maker. On Tuesday, Delaware judge Kathaleen […]

US semiconductor index jumps as TSMC signals strong AI chip demand

reuters | January 18, 2024

By Caroline Valetkevitch NEW YORK (Reuters) – An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor Manufacturing cited strong demand for high-end chips used in artificial intelligence (AI). U.S.-listed shares of the world’s largest contract semiconductor maker, which also forecast more […]

Volvo Cars sees ‘tremendous growth’ in EVs, CEO says

reuters | January 17, 2024

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) -Volvo Cars remains confident of “tremendous growth” in the electric vehicles market, CEO Jim Rowan told the Reuters Global Markets Forum in Davos on Wednesday, countering gloomier projections from rivals. The carmaker, which aims for electric vehicles (EVs) to contribute half its sales volume by mid-decade […]

ABB buys tech company to give industrial robots eyes and brains

reuters | January 12, 2024

By John Revill ZURICH (Reuters) – ABB has bought a company specializing in boosting the mobility of industrial robots – by using artificial intelligence and 3D vision to move around factories and warehouses. The deal to buy Sevensense, a Swiss start-up, is the latest robotics investment by ABB and follows growing demand for industrial robots […]

US plans $162 million award to Microchip Technology to boost production

reuters | January 4, 2024

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Thursday it plans to award Microchip Technology $162 million in government grants to step up U.S. production of semiconductors and microcontroller units (MCUs) key to the consumer and defense industries. The funds will allow Microchip to triple production of mature-node semiconductor chips and […]

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