Alphabet ai – pressnews

Investors Are Happy to Pay Premium for Tech, But Not for AI

31Jul

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Technology

Investors Are Happy to Pay Premium for Tech, But Not for AI

[ad_1] Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype.Some 77% of the 514 respondents to the latest Markets Live Pulse survey are planning to either increase their exposure to technology stocks or keep it steady over the next six months. Meanwhile, less than 10% see a bubble in the sector bursting anytime soon. That bullishness has pushed the Nasdaq 100 to its best first half in history, ramping up market valuations and blindsiding pros on the Street. Yet while survey participants are likely riding the AI-fueled market melt-up thanks to their broad equity exposure, they aren't going all-in on the technology just yet. Half are disinclined to pa...

Alphabet Moving ‘Too Fast’ in AI, Bernstein Warns in Downgrade

[ad_1] Alphabet Inc. received another downgrade on Tuesday, with Bernstein becoming the latest firm on Wall Street to step away from the Google parent company.Shares fell 1.5% after the cut to market perform from outperform. The stock is on track for its sixth negative session of the past seven, though it remains up more than 30% this year. Analyst Mark Shmulik wrote that the stock's narrative “has quickly caught up to fundamentals,” resulting in a balanced risk profile. The firm also noted risks related to artificial intelligence, an emerging technology that Alphabet is seen as a major player in, and which has fueled 2023 rallies in megacap stocks like Microsoft Corp. and Nvidia Corp. Alphabet has gone “from too slow to too fast in AI” and the “aggressive push to integrate GenAI into c...

What is Nvidia’s role in the AI boom and why are its shares soaring?

[ad_1] Nvidia Corp soared to a trillion-dollar market value on Tuesday as shares continued to surge after a bumper earnings report that forced Wall Street to reassess the potential windfall for the chipmaker from an artificial intelligence boom.Here's an explainer on Nvidia and its role in AI boom.HOW BIG IS NVIDIA IN TERMS OF MARKET VALUE? Nvidia's $1 trillion valuation makes it the fifth most valuable U.S. company behind Apple, Microsoft, Alphabet and Amazon. FROM GAMING TO AI: NVIDIA'S FOCUS SHIFTNvidia, known for its chips used in videogames, pivoted to the data center market over the last few years.The company's business rapidly expanded during the pandemic when gaming took off, cloud adoption surged and crypto enthusiasts turned to its chips for mining coins.Data center chip busi...