AI stocks boost Wall Street
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Wall Street execs say the AI stocks dominating the market will soon be split into winners and losers
Stock valuations — seen by many as flying too close to the sun — took a hit on Tuesday after a chorus of bank execs spoke up to throw their weight behind that view. Chief among them were Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon.
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has been the odd one out in the Magnificent Seven for a while. The stock didn’t make parabolic gains, whereas most other AI stocks were on a rally that was truly deserving of the “Magnificent” title.
Michael Intrator said the multitrillion-dollar investments were worthwhile “if you’re building something that accelerates the economy.”
Pretty much everyone on Wall Street is in for a sweet payday. But the threat of job cuts from AI looms, a new report predicts.
CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.
Investors in the region are looking to Chinese autonomous vehicle firms WeRide and Pony.ai's listing debut in Hong Kong later in the day.
JPMorgan, Citi, and Goldman Sachs are investing heavily in AI technology to transform operations, enhance productivity, and stay competitive.
The Wall Street Journal’s annual event features interviews with executives from OpenAI, CoreWeave and more.
2025 -Wall Street futures gained on Monday, kicking off November on firmer ground, on the back of optimism around AI demand and a U.S.-China trade truce.
Driving Netflix's soaring stock price was impressive operating results. Over the past decade, Netflix's revenue has climbed an impressive 538%, fueling a 5,800% increase in net income. This, in turn, fueled a stock price that surged 922% (as of this writing), setting the stage for its much-ballyhooed stock split.