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…
Cloud computing is the backbone of digital transformation in modern enterprises. It enables businesses to access, store and process data and applications over the internet, rather than on-premises servers. Cloud computing offers many benefits, such as scalability, flexibility, cost-efficiency and security. However, not all cloud computing businesses have been successful in 2023. Not only is…
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…
After Nvidia‘s (NVDA) massive beat-and-raise report powered by its artificial intelligence initiatives, investors are on the lookout for the next catalysts likely to drive AI stocks in the months ahead. X Investment bank Morgan Stanley on Thursday detailed more than 10 upcoming events linked to artificial intelligence that could move AI stocks this year. They…
Ken Griffin’s Citadel is the most profitable hedge fund in history. As of December 2022, it had earned nearly $66 billion for clients since its inception in 1990, while Ray Dalio’s Bridgewater ranked second with $58 billion in profits. That accomplishment qualifies Griffin as a brilliant investor, and it makes his recent stock purchases particularly…
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…
Cloud computing boomed during the 2010s, but growth in this next-gen IT industry is still in the early innings. For years, organizations around the globe have been migrating their operations to the cloud — digital data and services stored within a remote data center and accessed via the internet. However, the rise of remote work…
