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…
Google parent Alphabet (GOOGL) reported third quarter earnings that topped consensus estimates while revenue edged by views. GOOGL stock fell Wednesday as cloud-computing sales growth in Q3 missed amid apparent market share loss to Microsoft (MSFT) amid a battle in artificial intelligence. X Reported after the market close on Tuesday, Google earnings for the quarter…
Semiconductor stocks have taken off in 2023 thanks to artificial intelligence (AI) as chips are playing a mission-critical role in the proliferation of this technology in multiple ways. This explains why the PHLX Semiconductor Sector index has recorded impressive gains of 37% so far this year. Training large AI models requires a lot of computing power,…
In the future, investors may remember 2023 as the year Palantir (PLTR -3.23%) began its comeback. After falling by 85% from its peak at one point late in 2022, it has started rebounding, rising by more than 140% since this year began. However, the artificial intelligence (AI) stock achieved most of those gains in the…
The artificial intelligence (AI) arms race is a heated contest. On one side lies Big Tech. In particular, Microsoft and Alphabet have invested billions into large language models (LLMs) and other AI-powered applications. On the other side are integrators such as Cathie Wood favorites UiPath and Twilio or data services platforms such as Snowflake. But in…
What companies come to mind when you think about artificial intelligence (AI)? Most people would probably answer with the names of AI developers such as OpenAI or AI chipmakers like Nvidia. However, there are many companies outside of the technology sector that are deploying AI. You might not think of them as AI stocks per…
After a tumultuous summer, history says we might be due for a rally into year-end. According to Ryan Detrick at the Carson Group, when stocks fall more than 1% in August and September, they usually see a bounce in October. Overall, software-as-a-service (SaaS) stocks have done well this year. And the outlook is still favorable…
