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Nvidia shares have skyrocketed this year, up more than 175% since the start of 2023. It's all thanks to the rise of generative AI. Really powerful chips called graphics processing units (GPUs) are needed to power these new AI systems. These are the kinds of GPUs Nvidia makes. Despite it's rise, Nvidia does have its detractors. ARK Invest's (ARKK) Cathie Wood explained why her firm sold their Nvidia shares back in January, saying the stock was overpriced. Nvidia's strong performance has sent the its stock not just to new highs, but granted it entry to an exclusive club: the stocks that have a market cap of $1 trillion plus. Nvidia (NVDA) joins such tech giants as Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN) in the club. Apple was the first member, surpassing the $1 trillion mark in August 2018. Former members of the club include Meta (META) and Tesla (TSLA), which now have market caps of $600 billion+. Yahoo Finance's Brad Smith tells Seana Smith and Akiko Fujita how it took Nvidia about 24 years to become a $1 trillion company and how that compares to other members' rise. Key video moments: 00:00:20 $1 Trillion club members 00:00:44 How Nvidia compares to other $1T members 00:01:35 How AI boosted Nvidia shares
Yahoo Finance Live anchor Julie Hyman takes a look at several trending stocks including Nvidia, Tesla, Palantir, C3.ai, AMD, as well as Cathie Wood removing Nvidia from her Ark Innovation ETF holdings.
With the Nasdaq now up more than 2.5% in the last five days, Wood argues there are going to be other winners in the AI space outside of Nvidia.
Yahoo Finance Executive Editor Brian Sozzi breaks down Nvidia shares hitting an all-time high as investors eye the recent AI boom and growing semiconductor demand.
Yahoo Finance markets contributor Remy Blaire discusses Palantir stock rallying, hitting a 52-week high as Cathie Wood buys shares.
Tasha Keeney, ARK Invest Director of Investment Analysis & Institutional Strategies, joins Yahoo Finance Live to discuss the performance of Tesla shares, Tesla's delivery of Cybertrucks, and key takeaways from Tesla CEO Elon Musk's speech at Tesla's 2023 shareholders meeting.
Generative AI, augmented intelligence, machine learning- these topics have dominated the conversation around tech in 2023, and by now we’ve all heard the rumors: AI is coming for your job, it will take your family, and it will eat the food off your dinner plate, but is there any truth behind this? To find out more, we went to the ground floor of the new tech sector, where technology meets culture, and the South meets the Southwest. Webster’s dictionary defines AI as “the simulation of human behavior in computers”. Sounds harmless right? But with the exploding popularity of generative chat bots like ChatGPT, many people are reexamining where they stand on the technological food chain. Ian Beacraft is one of the leading voices in deep tech and AI. His company, Signal and Cipher, teaches large companies how to adapt to new technology. “Generative ai is here. it's in everyone's palms and it's not going anywhere,” says Ian, telling Yahoo Finance that we’ve only scratched the surface of what AI can do. “We are at the very beginning of one of the biggest revolutions in knowledge work in human history and a lot of people look at this as a large step change in the way that we do our work… what we're doing is we are digitizing skills the same way that we mechanized physical labor in the industrial revolution… we're doing things at a scale, at a volume, and at a breadth that human minds aren't really capable of.” So, will the rise of AI lead to job losses? And if so, why should we embrace this technology? We met with Garry Kasparov, the former chess Grandmaster and Avast Security Ambassador, famous for his series of chess matches against the 1980’s supercomputer, “Deep Blue”. “Every new technology in the past has threatened jobs, actually destroyed jobs, destroyed industry before creating new opportunities,” Kasparov told us. “AI is not the exception. Machines made us stronger in the past, made us faster in the past… so, many jobs we are doing today, in my view, are like zombie jobs. They're already dead. They just don't know yet.” So far, our experts have not painted a particularly rosy picture for the future of mankind, so we went directly to the source. You know what they say- keep your enemies close. According to ChatGPT, “Artificial intelligence has the potential to greatly impact the future of humanity in both positive and negative ways. On the positive side, AI has the potential to improve many aspects of our lives, such as healthcare, education, and transportation.” That doesn’t sound too bad, but it goes on: “One major concern is that as AI systems become more advanced, they may become difficult to control, potentially leading to unintended consequences or even catastrophic outcomes.” Therein lies the concern, and why many in the tech industry are approaching AI with a good deal of caution. “People are getting freaked out. They’re saying ‘Hey, what is this thing? Can we trust it?’” “I see both sides of the argument. and, you know, in some ways, there is a lot of opportunity, but on the other hand, we also have to be careful, just like with any technology,” says Pulkit Agrawal, Assistant Professor of Computer Science at MIT. Instead of thinking of AI as a replacement for human beings, according to Pulkit, we should think of AI as a tool. Like the invention of the PC, artificial intelligence may actually improve our work and make humans more efficient in performing our day-to-day tasks. “If an AI system can look at CT scans, and make a diagnosis, is it going to replace a doctor or not? I would say no. I think the right way to implement the system is to make the system be an advisor to a doctor, because this AI system has looked at more CT scans than any doctor could have looked in his life,” Pulkit says. While the possibilities for AI may seem limitless, it could be the key to unlocking the potential of the human brain. More Yahoo Finance coverage here: At SXSW 2023, dealmaking carries on against banking crisis backdrop The surprising companies one firm thinks will benefit from the AI 'tidal wave' US Copyright Office opens door to protecting AI-assisted works
Yahoo Finance markets reporter Jared Blikre breaks down a tough Tuesday for the markets following earlier retail earnings releases.
Individual investors have been snapping up stocks at the fastest pace ever as U.S. equity markets charge higher this year.
Cathie Wood of ARK Invest says AI will trigger an "astounding and shocking" surge in productivity.
AI-related stocks are rallying as investors look for ways to make money off the hottest topic on Wall Street: artificial intelligence.
Tesla's price cuts will make it harder for everyone else in EVs, says longtime bull Cathie Wood.
ARK Invest Founder Cathie Wood joins Yahoo Finance Live to discuss the impact of AI amid the ongoing ChatGPT hype, themes and trends driving new investments, innovation, Sam Bankman-Fried's FTX chaos, and the outlook for Tesla and Elon Musk.
ARK Invest Founder and CEO Cathie Wood joins Yahoo Finance Live to discuss Fed Chair Powell’s remarks at Wednesday’s FOMC meeting, inflation, the state of the economy, how AI is transforming industries, investor sentiment, and the outlook for Big Tech.
Last year was a tough one for the ARK Innovation ETF (NYSE Arca: ARKK) as it lost two-thirds of its ...
Yahoo Finance markets reporter Jared Blikre examines stock and sector index trends, while also commenting on ARK ETF components, Nasdaq leaders, and the impact of an NYSE outage on stocks.
ARK Invest Director of Life Sciences Research Simon Barnett joins Yahoo Finance Live to explain why he's bullish on Exact Sciences stock and why it could hit $140 per share by 2027.
Yahoo Finance tech editor Dan Howley discusses news that Cathie Wood’s flagship ARK fund has sold Nvidia stock.
Back before Tesla (TSLA) traded as high as it did, ARK Invest ETF (ARKK) built a big position. The conviction ...
Yahoo Finance’s Alexandra Semenova joins the Live show to discuss Cathie Wood’s ARK Innovation ETF losing more than $1 billion before this year’s wipeout.
BMO Global Asset Management today announced the 2022 annual reinvested distributions for BMO Exchange Traded Funds (BMO ETFs) and ETF Series of the BMO Mutual Funds (ETF Series)1. These annual reinvested distributions generally represent realized capital gains and special income within the BMO ETFs and ETF Series, and are paid to unitholders, as required, to ensure that the BMO ETFs and ETF Series are not liable for ordinary income tax.
Yahoo Finance's Alexandra Semenova joins the Live show to discuss Cathie Wood's Ark Invest buying the dip on Tesla stock.
Elon Musk fan Cathie Wood seized a sizable chunk of Tesla shares late Wednesday after the stock extended a recent skid to its lowest level in more than two years.
ARK ETF Founder Cathie Wood joins Yahoo Finance Live for a wide-ranging interview on the state of the crypto market, Elon Musk, Fed policy, Teladoc, and more.
Bold bets on high-flying technology stocks by ARK Invest founder and chief executive Cathie Wood have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found.