Stock market

A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by large numbers of investors coordinating their strategy over social media, including Reddit itself, on forums such as r/wallstreetbets.Reddit’s IPO is a test of investor appetite for tech IPOs, which have been a rarity in recent years. Low interest rates had made raising and borrowing cash on private markets easy, and economic effects from the war in Ukraine…

Unveiling the Impact of AI in Financial Forecasting on the Stock Market In the realm of finance, particularly in stock market analysis, the last twenty years have witnessed a remarkable transformation fueled by the rapid advancement of artificial intelligence (AI). AI, a broad term encompassing various technologies that empower machines to perform tasks requiring human-like intelligence, has made significant strides in financial forecasting, reshaping how we understand and predict stock market trends. This…

Reddit, the launchpad for many meme stocks, could now become one: The social media giant makes its debut on Wall Street this week in one of the most highly anticipated initial public offerings of the year. The nearly 20-year-old company is seeking to raise up to $748 million in its IPO on March 21, putting its valuation at about $6.4 billion. It’s the first time that a major social media company has gone public since Snap (i.e., Snapchat) in 2017. It will sell approximately 22 million shares priced at $31 to $34 each…

Editor’s note: The second column in this two-part series will run next month on April 21. Every three years, the Federal Reserve publishes a report about the finances of U.S. families. Based on data and interviews, the triennial “Survey of Consumer Finances,” “…collects information about family income, net worth, balance sheet components, credit use, and other financial outcomes.” In short, it reports how Americans are faring financially. But their recent report was a little different. Published in November 2023, it…

Nvidia Corp.'s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth when those hopes turned to disappointment. That stock belongs to Tesla Inc., which sparked its own mania in 2017 as investors bet that electric vehicles were going to take over the world. Back then, Elon Musk's company was a phenomenon as it blew past established…

Stock market soars to record highs, fueled by AI optimism - CBS News <figure id="breaking-news" class="breaking-news lazyload" data-live-headline-options="{" adapter="" a::href="" data-smart-banner-options="{" banneranchorselector="" data-component=" Stock market soars to record highs, fueled by AI optimism - CBS NewsWatch CBS News…

Hedge fund Blackwells Capital, which owns about $5 million worth of Disney stock (a drop in the bucket compared to Trian’s $3 billion), is pressing Disney to create a CTO position that oversees all technology and innovation at the company, arguing that without someone in that role, the company will never be valued as high as a technology firm.Right now, Disney essentially has two CTOs on staff—Aaron LaBerge, president and CTO of Disney entertainment and ESPN; and Gail Evans, EVP and chief digital and technology officer…

Sebi is using Artificial Intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney said on Saturday and emphasised that entities should keep track of technological developments. Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations will cause problems. In response to a question by PTI on whether Sebi is using AI, Varshney said, "we are using Al for investigations... and also using for a lot…

Nvidia, on Wednesday, posted record Q4 revenue of $22 billion, boasting a 265% increase from the same quarter the prior year and earnings that blew past expectations. Yet, in the immediate aftermath of those earnings, the stock fell 3% in the after-hours market.That dip didn’t last, it’s worth noting. And it’s less a commentary on Nvidia’s earnings and more one about the extraordinarily high expectations investors have for the artificial intelligence market. As of 5:15 p.m. ET, Nvidia shares were up 8% in after-hours…

Stocks are opening lower on Wall Street as weakness in technology companies continues to drag on the market. The S&P 500 was off 0.3% in the early going Wednesday. The tech-heavy Nasdaq gave up 0.5% and the Dow Jones Industrial Average slipped 153 points, or 0.4%. Palo Alto Networks was a big loser. The network security company lost a quarter of its value after giving forecasts for future billings that came in well below what analysts were looking for. Amazon rose following an announcement that it would be added to…