AIQ

To gain an edge, this is what you need to know today. GDP Brings Buying  Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ.  The drop in QQQ was triggered by speculative sentiment pulling back.  As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold.  Oversold markets tend to bounce. The chart shows that the volume was low on the selloff.  This indicates a lack of conviction in selling. Especially hard hit in

Tech stocks sold off on Wednesday, weighed down by comments from Republican presidential nominee Donald Trump and lukewarm forward guidance issued by European chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). Tech venture capitalist and Deepwater Asset Management Managing Partner Gene Munster weighed in on the implications of the geopolitical rhetoric from either side of the aisle for the sector in general and artificial intelligence technology in particular. What Happened: The Nasdaq Composite Index ended Wednesday’s session down 2.5% and the Nasdaq 100, comprising 100 of the biggest non-financial tech stocks, fell a steeper 2.94%. The sharp plunge has been triggered by a vortex of g

Alibaba Group Holding (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), and other peers are amid a price war as they slash the prices of their latest AI models to compete with China’s domestic AI startups. As Chinese artificial intelligence startups, like Baichuan AI, race to secure customers, they face intense competition from tech giants offering significantly lower prices. At a recent exhibition in Shanghai, Baichuan AI showcased its advanced healthcare chatbot powered by its latest large language model, Baichuan4. The startup claims that Baichuan4 outperforms OpenAI’s GPT-4 in certain areas, Nikkei Asia reports. Also Read: China’s AI Leaders Alibaba and SenseTime Showcase Breakthroug

Alibaba Group Holding Group’s (NYSE:BABA) cloud computing unit will shut down its data centers in Australia and India as it redirects infrastructure spending to other markets. The decision comes as part of an “infrastructure strategy update” following a careful assessment to prioritize investments in Southeast Asia and Mexico. Alibaba Cloud will halt its data center services in India after July 15, and in Australia after September 30, SCMP reports. Also Read: After Nvidia and Apple, Alibaba Chases Vietnam: New Data Center to Boost Control and Meet Local Laws Alibaba notified customers in these regions to migrate their business operations to data centers in Singapore and other loc

Alibaba Group Holding Ltd’s (NYSE:BABA) cloud unit has introduced its first "AI programmer" powered by the company's self-developed large language model (LLM). Introduced by Alibaba Cloud, the AI programmer aims to help developers shorten development time for applications, sometimes reducing the process to mere minutes, the South China Morning Post reports. Also Read: Apple’s AI Strategy Faces Hurdles In China, Talks With Local Firms Are Ongoing Xu Dong, general manager of Alibaba Cloud's Tongyi Qianwen LLM service, at the company's Cloud AI summit in Shanghai, emphasized that in the future, users will only need to identify problems and express requirements, making it possible to co

Alibaba Group Holding Ltd.‘s (NYSE:BABA) online shopping platform Lazada Group has denied reports of the parent company planning to sell its Thailand unit. The company refuted rumors of discussions with potential investors. According to Crunchbase data, in 2023, Alibaba invested $845 million in July and $634 million in December, followed by an additional $230 million in May, bringing the total investment to $7.4 billion, SCMP reports. Also Read: Alibaba’s 618 Shopping Festival Boosts Sales with Big Brands Like Apple, Xiaomi Leading the Way Lazada is part of Alibaba’s International Digital Commerce Group, one of the six major business groups established during the company’s reorga

Alibaba Group Holding Ltd (NYSE:BABA) affiliate Ant Group Co spent $2.9 billion (21.2 billion yuan) on research in 2023 to advance its artificial intelligence ambitions. The Jack Ma-backed fintech company has been spending heavily on research and development over the past three years. Ant has been developing technology, including its large language model BaiLing, which won the Chinese government approval in 2023 to showcase products powered by its “Bailing” artificial intelligence (AI) large language model to the public, Bloomberg reports. The model has been powering various AI assistants on its Alipay platform, including a “smart healthcare manager” and “smart financial manager,” R

Alibaba Group Holding Limited (NYSE:BABA), heavily investing in generative AI, has updated its open-source AI models, claiming they surpass Meta Platforms Inc’s (NASDAQ:META) Llama 3 in specific tasks. Alibaba Cloud launched Qwen2, the second version of its Tongyi Qianwen large language models (LLMs), featuring multilingual pre-training and an expanded context window for longer queries and answers. Qwen2, which comes in five variations, consistently outperformed Meta’s Llama 3-70B model in benchmarks across various disciplines, the SCMP reports. Also Read: Temu’s Growth Surge Makes Parent PDD Surpass Alibaba as China’s Most Valuable E-Commerce Giant The company unveiled Qwen2 sho

In a recent report, it was suggested that NVIDIA Corp (NASDAQ:NVDA) has one customer that contributes to a significant portion of its revenue, with Microsoft Corp (NASDAQ:MSFT) being the likely candidate. What Happened: A UBS note speculated that Microsoft might be Nvidia’s largest indirect customer, responsible for 19% of the chipmaker’s revenue in fiscal 2024, reported CNBC. The report highlighted that Nvidia’s revenue is heavily reliant on a few major customers, with Microsoft possibly being the most significant. This revelation comes at a time when Nvidia’s sales are soaring, largely due to the demand for its advanced processors for artificial intelligence technology. Despite th

Artificial intelligence companies have captivated the markets as the proliferation of AI looks to be a major disruptor in several industries. Investors have poured funds into AI exchange-traded funds (ETFs) to diversify their portfolios. The largest AI ETFs are the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) and the ROBO Global Robotics And Automation Index ETF (ASX: ROBO). A question to ask is: Have they beaten the overall market? BOTZ ETF: According to data compiled from etf.com, the BOTZ ETF is the largest AI ETF with $2.76 billion in assets under management. BOTZ has appreciated by 10.63% in year-

According to Deloitte, the manufacturing sector faces a widespread shortage of skilled labor. Last year, three-quarters of manufacturing executives surveyed by the National Association of Manufacturers showed that "attracting and retaining a quality workforce" is “a primary business challenge." Some 83% of manufacturers quoted in the report said they believed smart factory solutions "will transform the way products are made in five years." The Biden administration’s ongoing effort to bolster U.S.-based manufacturing and impose tariffs puts the automation industry in a strategic position to cut costs to remain competitive. And automation combines emerging technologies in two dist

The artificial intelligence revolution kicked into high gear in early 2023 following the widespread adoption of OpenAI‘s ChatGPT chatbot. Companies rushed to leverage this technology, leading to a notable improvement in their financial performance. As a result, the publicly-listed shares of these companies surged, enriching their founders and executives whose compensation is closely tied to stock awards. Here’s a breakdown of the notable executives who reaped substantial gains by spearheading the AI revolution at their respective companies (or by just being in the right place at the right time): 1. Jensen Huang Photo courtesy: Shutterstock Net worth: $79.5 billion Forbes Billi

Investment guru Warren Buffett conceded on Saturday that he was wrong on the influence of technological advances, especially generative AI. What Happened: Speaking at Berkshire Hathaway’s annual shareholder meeting in Nebraska, Omaha, Buffett said, “I don’t know anything about AI.” He reminded shareholders about his comments about nuclear weapons at last year’s meeting. “We let the genie out of the bottle when we developed nuclear weapons. That genie has been doing terrible things lately, and the power of the genie scares the hell out of me, and I don't know any way to get the genie back into the bottle,” he said, repeating his comments from the previous meeting. On Saturday, he sai

Thomson Reuters Corp (NYSE: TRI) reported fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, beating the analyst consensus of $1.86 billion.  The business information services provider’s adjusted EPS of $1.11 beat the analyst consensus of $0.95. The stock price gained after the print. Organic revenues increased by 9%, driven by 9% growth in recurring revenues (76% of total revenues).  The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively comprised 83% of total revenues and reported organic revenue growth of 10%.  Legal Professionals’ revenue grew by 1% Y/Y to $721 million, Corporates’ revenue rose 17% Y/

Following a report that said the U.S. and Saudi Arabia are nearing a historic pact that would offer the latter security guarantees and lay out a possible pathway to diplomatic ties with Israel, an investment advisor weighed in on what may have precipitated the development. What Happened: Saudi Arabia may have come around because of its need for data centers and semiconductors said, Lumida Wealth co-founder Ram Ahluwalia, explaining the potential backstory behind the rumored deal. “Semiconductors are the New Oil,” the wealth manager said. In a win-win proposition, the U.S. would want lower oil and gas prices and a win in the Middle East, Ahluwalia said. The U.S., though not having e

The question of whether AI and robots will replace humans in the workplace has been a growing concern. However, in a recent appearance on CBS News’ “60 Minutes,” Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang offered some reassurance. Job Security In The AI Age: During the interview, host Bill Whitaker spoke with Brett Adcock, CEO of Nvidia-funded Figure AI, about the company’s robot prototype, Figure 01.  Adcock emphasized the robot’s capabilities, including physical tasks like walking and reasoning. When prompted for a healthier option, the robot even managed to pick an orange from a basket of mixed snacks. Adcock’s remarks sparked concerns about human job displacement, prompting Whi

Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), and Meta Platforms Inc (NASDAQ:META) have each made significant strides in cloud capital expenditure (capex) and artificial intelligence (AI) investments. According to a JPMorgan research report, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ:ANET), Coherent Corp (COHR), Dell Technologies Inc (NYSE:DELL) and Lumentum Holdings Inc (NASDAQ:LI). The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ:FLEX) and Jabil Inc. (NYSE:JBL). Also Read: ‘Meta Actually Has Major Profit Margins Unlike Tesla’: Redditor Reacts To Stock Drop Fol

Thursday saw U.S. equities embracing a risk-on sentiment, with major averages all showing gains as investors anticipated a potentially slowing labor market pace in March, which could bolster the case for rate cuts starting in June. Data released this morning revealed a surge in last week’s unemployment claims, exceeding predictions at 221,000 compared to the expected 214,000. Economists anticipate a moderation in nonfarm payrolls from 274,000 in February to 200,000 in March, along with a further easing in average hourly earnings growth from 4.3% to 4.1% year-on-year. At midday trading in New York, the S&P 500 surged by 0.8% to 5,250 points, poised to achieve a record-high close. Simila

Goldman Sachs analysts Joseph Briggs and Devesh Kodnani recently shed light on the ongoing adoption of artificial intelligence (AI). The transition toward AI is advancing steadily, the analysts said. A major economic impact is still “several years off.” Many U.S. workers have already begun integrating AI tools into their work routines. Over 25% use these technologies every week. Despite these figures, formal adoption by firms remains modest — less than 5% of companies leverage AI to enhance their product and service offerings. The adoption rate is notably higher in certain sectors including information technology, professional services, and finance. Companies anticipate a surge

Alibaba Group Holding Ltd (NYSE:BABA) has offloaded nearly $360 million worth of stock in Bilibili Inc (NASDAQ:BILI), a Chinese streaming platform, marking a significant step in its strategy to gather funds for AI investments and rejuvenate its business.  The e-commerce giant sold 30.85 million Bilibili American depositary receipts at $11.60 each, which reflects a 5.5% discount to Bilibili’s closing price on a recent Wednesday, leading to a plunge in Bilibili’s stock.  This sale is part of Alibaba’s broader initiative to divest from various sectors, including electric vehicles and AI, to focus more on its core retail and technology ventures, particularly in cloud computing and artifici

Alibaba Group Holding Ltd (NYSE:BABA) has extended its “five-day delivery” service to the U.S., intensifying its competition with Temu and Shein in the lucrative market.  This service, provided through AliExpress, Alibaba’s global e-commerce platform, guarantees U.S. customers their packages within five days, thanks to delivery efforts by Cainiao, Alibaba’s logistics branch. Initially launched in 2023, this rapid delivery initiative now includes other regions such as Germany, France, Portugal, Saudi Arabia, and Mexico, showcasing Alibaba’s ambition to enhance its global e-commerce presence, SCMP reports. Also Read: Alibaba’s AliExpress Under EU Investigation: Consumer Safety and Ill

NVIDIA Corp (NASDAQ:NVDA) blazed the trail for artificial intelligence-related stocks, raising some fears of overvaluation and a mounting tech bubble. Not so, said analysts at Goldman Sachs this week, as earnings growth expectations warrant current lofty share price gains. While Nvidia returned 522% since the start of 2022 and 84% year-to-date, Goldman analyst Ryan Hammond said the company’s price/earnings ratio was broadly unchanged since the start of 2023 with nearly all its return attributable to a higher stream of earnings. For the sector, fears of a bubble could be largely discounted, he said. Three-year earnings growth expectations among the largest 10 tech stocks were around

Alibaba Group Holding Ltd (NYSE:BABA) has embarked on an ambitious multibillion-dollar initiative to revitalize Hong Kong’s culture and film sectors, aiming to catapult local productions into the global arena once again.  Industry experts, however, express concerns about the city’s ability to compete on the world stage.  The Chinese e-commerce behemoth’s entertainment and media division has committed to investing at least HK$5 billion ($639.3 million) over the next five years, significantly boosting investor confidence in these industries, SCMP reports. Also Read: Alibaba Amplifies AI Investment, Valuing MiniMax Over $2.5B in Latest Financing Round According to Crucindo Hung Cho-

The debate over active and passive management strategies has weathered the test of time. The passive approach, typified by following broad market indices like the S&P 500, has its advocates, especially given its cost efficiency and simplicity. However, there’s a growing interest in the potential of actively managed funds to outperform the market. Despite the skepticism often surrounding active management—fueled by studies like the one from S&P Dow Jones Indices, which highlighted that more than 92% of U.S. large-cap funds failed to beat the S&P 500 over a 15-year period — TrueMark Investment is making a compelling case for its model. The investment firm offers actively managed ETF

President Joe Biden currently leads as the favored candidate for the Democratic nomination in the 2024 presidential election. While he's not campaigning, Biden is busy governing the country and focusing on top priorities. Voters will hear more about those priorities and recent wins from his administration during the president's upcoming State of the Union address. What Happened: Biden is set to give his State of the Union speech on March 7 in front of a joint session of Congress, Supreme Court justices, members of his Cabinet, military leaders and millions of viewers watching on television at home. As of now, Biden's speech could come with the government in a partial shutdown, which