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Technology
Bitbot in focus as Gene Munster dubs AI ‘the biggest opportunity’
August 28, 2024 01:59 AM AEST| By InvezzGene Munster of Deepwater Asset Management continues to see artificial intelligence as “the biggest opportunity we have seen in 20 years”. In fact, he forecasts a “3 to 5-year tech bull market powered by AI” ahead. But who’s to say that stocks will b...
AI tokens surge: RENDER, FET, NEAR, ICP rise pre-Nvidia Q2 earnings report
August 27, 2024 01:58 AM AEST| By InvezzAI-focused tokens led by NEAR Protocol (NEAR), Internet Computer (ICP), Artificial Superintelligence Alliance (FET), Bittensor (TAO), Render (RENDER), and The Graph (GRT) are experiencing significant price surges, driven by anticipation surrounding t...
Whale regrets selling Fetch.ai (FET) after a 75% weekly surge, rebuys at a higher price
August 26, 2024 06:59 PM AEST| By InvezzFetch.ai (FET) recorded impressive price actions over the past week, gaining 75% on its seven-day chart. Meanwhile, one whale caught the attention of traders and investors with a significant transaction involving Fetch.ai. According to Lookonchain, t...
Airbnb stock price is falling, and it could get worse soon
August 23, 2024 06:03 PM AEST| By InvezzAirbnb (ABNB) stock price has moved to a deep bear market, falling by over 32% from the highest point this year. It retreated to $115.45 and is hovering near its lowest point this year as concerns about its business strategy continue. Good comp...
JD.com falls by over 10% on reports of Walmart stake sale
August 21, 2024 03:22 PM AEST| By InvezzShares of Chinese e-commerce giant JD.com plummeted 10% on Wednesday in Hong Kong after Walmart confirmed its intention to sell its stake in the company. The US retail giant, which has been a strategic partner of JD.com since 2016, said that the deci...
BofA downgrades Silicon Motion, slashes price target to $60: Time to sell or hold?
August 17, 2024 02:04 AM AEST| By InvezzSilicon Motion Technology Corp. (NASDAQ: SIMO) is grappling with a significant blow as Bank of America (BofA) downgrades the stock from a Buy to an Underperform rating and slashes its price target from $90 to $60. This drastic revision points to a po...
Epic Games launches free AltStore PAL in Europe, challenging Apple’s App Store monopoly
August 16, 2024 05:24 AM AEST| By InvezzEpic Games has intensified its rivalry with Apple by offering the alternative app store, AltStore PAL, for free in the EU. Will the move help gamers in Europe?
GoPro stock price is a bargain for the right buyer
August 15, 2024 02:36 AM AEST| By InvezzGoPro (GPRO) stock price collapsed to a record low this week, a tragic situation for a company that was highly popular among investors and traders. It has dropped by more than 65% this year and by over 70% in the past five years. It remains over 90%...
Wells Fargo reduces price target on Dell to $150: Time to hold or sell?
August 15, 2024 01:48 AM AEST| By InvezzDell Technologies Inc. (NYSE: DELL) is in the spotlight today following Wells Fargo’s decision to reduce its price target on the company from $175 to $150, still reflecting a potential upside of 50% from its current price. This adjustment comes amids...
Is Perplexity AI really a threat to Google Search?
August 13, 2024 02:21 AM AEST| By InvezzPerplexity AI is emerging as a challenger to Big Tech’s dominance in search. Despite Google and Microsoft's best efforts, they're not providing what the public is looking for.
io.net and NetMind.AI partner to boost AI and machine learning capabilities
August 13, 2024 02:04 AM AEST| By InvezzIn a strategic move aimed at enhancing Artificial Intelligence (AI) and machine learning (ML) capabilities, io.net and NetMind.AI have announced a partnership that will leverage the strengths of both companies. This collaboration is set to provide po...
Down by 70% from ATH, Atlassian stock is still expensive
August 10, 2024 04:47 AM AEST| By InvezzAtlassian (TEAM) stock price has been a big loser in 2024, shedding over 40% of its valuation amid concerns about its growth and competition. It was trading at $142 on Friday, down by over 70% from its all-time high (ATH). Atlassian has grown w...
Biden marks two years of CHIPS Act as US aims for 30% global chip production by 2032
August 09, 2024 09:39 PM AEST| By InvezzUnited States President Joe Biden marked the second anniversary of the CHIPS and Science Act by highlighting the significant strides the US has made in semiconductor manufacturing. The legislation, passed in 2022, aims to revitalise domestic chip pro...
SoundHound stock surges 18% following acquisition of Amelia AI: Good time to buy?
August 09, 2024 05:53 AM AEST| By InvezzSoundhound has demonstrated its financial strength by acquiring Amelia AI in an all cash deal, sparking interest among investors.
Palantir shares surge 6% following strategic partnership with Microsoft
August 09, 2024 04:48 AM AEST| By InvezzPalantir Technologies saw a 6% surge in its stock price on Thursday following the announcement of a strategic partnership with Microsoft. This collaboration aims to enhance secure cloud, analytics, and artificial intelligence (AI) capabilities for th...
Interview: Most central banks, especially the Fed, get interest rates wrong, says Jim Rogers
August 08, 2024 08:06 PM AEST| By InvezzThe wild swing that Japan, Asia and global markets including the US witnessed on Monday following data on US jobs and the unwinding of yen carry trade has stabilised for now, but fears of the US slipping into a recession, remain. Ace American investo...
Upstart Holdings jumps over 45% after Q2 earnings beat estimates, Citi upgrade: Should you buy?
August 08, 2024 01:46 AM AEST| By InvezzFollowing an impressive second-quarter earnings report, Upstart Holdings Inc (NASDAQ: UPST) has witnessed a significant shift in analyst perceptions. Notably, Citi upgraded the company from ‘Sell/High Risk’ to ‘Neutral/High Risk,...
Lumen Technologies stock is soaring, a crash could be coming
August 07, 2024 09:55 PM AEST| By InvezzLumen Technologies (NYSE: LUMN) stock price has gone vertical in the past few days as the company emerged as a top player in the artificial intelligence (AI) industry. The stock has soared in the past two straight days, reaching a high of $6.78...
Intel stock price forecast: don’t buy when there’s blood in the street
August 07, 2024 04:02 PM AEST| By InvezzIntel (INTC) stock price has imploded, leaving the former semiconductor giant into a shell of its former self. Its stock has tumbled to $19.80, its lowest level since May 2024. This drop means that an investor who bought shares worth $100,000 in Apri...
Ocado share price analysis: a glimmer of hope emerges
August 07, 2024 12:02 PM AEST| By InvezzOcado (LON: OCDO) share price has continued to underperform the market as investors remain worried about its business and profits. It has crashed by almost 50% this year while the blue-chip FTSE 100 index has risen by about 4%. £4.5 billion has...
