A month ago, Alphabet briefly surpassed Nvidia by market cap. The stock has experienced a continuous decline, culminating in its fourth consecutive weekly decrease, marking the longest losing streak in over a year. That is the prevailing sentiment in the market as Alphabet seeks to secure $85 billion in new capital to support its artificial Read More
In a note to clients released on Friday, Barclays adjusted its rating for design software company Adobe, moving it from overweight to equal weight. The downgrade follows Adobe’s announcement regarding CEO Shantanu Narayen’s impending departure, contingent upon the appointment of a successor. Narayen, having served as CEO since 2007, will continue in his role as Read More
The decline in shares of various gaming stocks this week can be attributed to concerns regarding the disruptive potential of artificial intelligence, further exacerbating the turmoil observed across multiple sectors of the market. The recent launch of Google’s Project Genie, an interactive AI world generator that can respond to real-time user interactions, has raised apprehensions Read More
