Previous Close | 0.0100 |
Open | 0.0100 |
Bid | 0.0100 |
Ask | 0.0200 |
Strike | 60.00 |
Expire Date | 2025-01-17 |
Day's Range | 0.0100 - 0.0100 |
Contract Range | N/A |
Volume | |
Open Interest | 1.96k |
The chip sector is undergoing a sector-wide correction as concerns grow around slowing demand for the products. Moor Insights and Strategy Founder and CEO Patrick Moorhead discusses why he believes markets are getting "ahead of [themselves] with some of the doom and gloom." Moorhead notes "there's still this insatiable need" for semiconductor products, saying consumers "just can't get enough." He notes that oftentimes the products require a pairing across companies, so the demand is still there. While uncertainty persists around headwinds such as inflation and geopolitical tensions, he says this has forced investors to adopt "a wait-and-see attitude" in regard to the sector. When asked if he believes markets are overreacting Moorehead tells Yahoo Finance: "I think this is just a cautious blow." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
Big Tech earnings are coming up, and Wall Street wants to know how companies are making money on their massive AI investments.
AI has been quite the buzz on Wall Street recently as top tech companies with heavy investments in AI have led the recent rally seen in the market. With more and more companies getting involved in AI, it can be hard for any investor to wade through the names and find a great entry point for their portfolio. Morgan Stanley Equity Analyst Stephen Byrd joins Yahoo Finance to break down some of the best AI picks that have gone under the radar for many on Wall Street and what investors need to keep in mind with the AI sector. Byrd points out one of the biggest drives behind his picks and why they have much room to grow: "We see about a 50% drop in... essentially the cost of compute, cost of computation, in these data centers. That's really all Nvidia (NVDA). It's these new chips that are just much more efficient. And that's flowing through the entire ecosystem. As those costs drop, we think demand for a variety of gen. AI applications will rise, and that's essentially the thesis of our view of gen. AI adoption across many industries." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino