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🤖 AI And The Markets

Big Tech Earnings Will Test Investors’ Fervor For A.I. – NY Times

Nasdaq was up on Tuesday, ahead of a Big Tech earnings bonanza that kicks off when Microsoft and Alphabet report second-quarter results after the closing bell. One question is at the top of many investors’ minds: Is the hype around artificial intelligence, which has propelled tech giants’ stock prices sky-high in recent months, justified, or is this the end of the road?

Palantir Announces New Partnership With J.D. Power – AutoNews

“We wanted to ride that AI trend,” J.D. Power’s Chief Digital Officer said. “We have the best data sets in the world, the industry has big problems to solve, and what Palantir brings is the ability to take all these data sets, apply AI and deploy AI to our clients in a way that is safe.”

JPMorgan Warns Of AI Bubble As Mega-Cap Stocks Soar – Insider

JPMorgan is unfazed by the S&P 500’s strong rally since its mid-October low and is reiterating their bearish view on stocks. “The hype around AI is brewing a bubble in the stock market that probably won’t end well for investors. The bubble is evidenced by the fact that stock concentration in the S&P 500 is at 60-year high, as the top seven companies make up more than 25% of the index.



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