The big story in the stock market over the past few years has been artificial intelligence (AI). Generative AI, which can create text, images, videos, and audio, looks likely to be a transformative technology. Tech leaders like Microsoft, Alphabet, and Advanced Micro Devices are betting heavily on AI to drive growth. While the stocks of […]
Tag: trounced
Billionaires Bill Gates and Warren Buffett Both Own This Stock — and It’s Trounced the S&P 500 Over the Long Run
Warren Buffett and Bill Gates have a surprising number of things in common. They both rank among the wealthiest people in the world, of course. Each man has given significantly to charity. Both play bridge (often against each other). Buffett and Gates also read a lot. They even invest in some of the same stocks. […]
Why Iovance Biotherapeutics Stock Got Trounced on Thursday
Iovance Biotherapeutics (NASDAQ: IOVA), one of the more high-flying biotech stocks of late, fell earthward in trading on Thursday. This was a direct consequence of its latest quarterly figures and operational update that were published after hours on Wednesday and received a fairly negative reaction from investors. The shares closed the day nearly 9% lower, […]
Small-cap stocks got trounced by the Magnificent 7 this year. Here’s the case for them to explode higher in 2024.
org Spencer Platt/Getty Images Mega-cap tech stocks dominated the stock market in 2023, but that could change in 2024. Morgan Stanley told investors to expect sharp outperformance from small-cap stocks next year. “There could be a much more sustainable relative trade away from quality and toward small caps.” Mega-cap tech giants have dominated the stock […]