The cybersecurity industry is quickly growing in both importance and value as businesses face advanced threats in an increasingly online planet. Palo Alto Networks (PANW -0.34%) is one of the world’s leading providers of protection. In a recent presentation to investors, Palo Alto said financially motivated ransomware attacks are up 37% this year compared to…
Earnings season is in full swing, and when it comes to technology companies, all eyes have been on how they are competing in artificial intelligence (AI). Microsoft got it all started earlier this year, turning heads with its multibillion-dollar investment in ChatGPT developer OpenAI. While this could have given the Seattle-based Windows maker a head…
Artificial intelligence (AI) has swept the market this year following the launch of ChatGPT late last year. Interest in AI is a big reason why the Nasdaq Composite has jumped this year, up 22% so far. However, tech stocks have pulled back more recently as interest in AI seems to have faded, and investors have realized…
Recent breakthroughs in artificial intelligence (AI) have worked Wall Street into a frenzy, and Wedbush Securities strategist Dan Ives is particularly bullish. He recently told clients: “We believe the stage is set for a ‘1995 moment’ as AI is the most transformational technology we have seen since the internet started to take shape.” That commentary…
Warren Buffett’s Berkshire Hathaway made an unusual investment three years ago by investing $735 million in Snowflake (SNOW -1.80%), a cloud-based data platform provider, when it went public in September 2020. The investment was not in line with the Oracle of Omaha’s investment philosophy as Snowflake was richly valued at that time. Also, Buffett has historically…
While artificial intelligence (AI) stocks were all the rage in the first half of the year, they’ve cooled off since July. This pullback was likely necessary, as the market was trading too much on hype rather than actual results. Still, there are a few AI stocks worth buying right now, and these three are at…
Source: elenabsl/Shutterstock Automation is a trend that’s been ongoing for decades. As companies seek greater productivity, automating undesirable tasks will continue to happen, and AI and machine learning will help us get there. Recently, machine learning mainly involved predictive models classifying data for forecasts, with limited corporate spending. The Nasdaq surged 31% in 2023 due…
The cloud consists of data centers loaded with servers and data storage systems. All of those data centers, of course, contain huge amounts of data. By using the cloud, companies enable themselves and their customers to quickly and easily access their information. This has led to the rise of the best cloud computing stocks to…
