Artificial Intelligence Stocks News Today

"The higher we go this year, the more we're going to fall next year," said Gil Luria, an analyst at DA Davidson.

In 2023, artificial intelligence drove numerous technological advancements, with automation and machine learning expected to further enhance the tech ecosystem in 2024.

Carvana surged 32.1% on Friday after reporting its first-ever annual profit, helped by its pact with bondholders to cut its outstanding debt by $1 billion.

A slew of economic indicators are still in "deep recession territory," one market vet warned, and stocks are at risk of a big correction.

Bank of America expects Super Micro Computer's AI-enabled servers to take market share from competitors and drive significant revenue growth.

Arm Holdings shares are up 80% since Wednesday, after the company forecast better-than-expected quarterly results powered by demand for its technology to design chips for artificial intelligence features.

The strategist who nailed his 2023 stock market forecast says AI demand is real and mind-boggling gains for some stocks don't amount to a bubble.

"More and more AI is running on more end devices, and that's all running on Arm," ARM CEO Rene Haas said on the earnings call.

With its expertise in AI, strategic diversification, and a proven track record of successful transformations, Cyient is well-positioned to ride the AI wave. For investors seeking exposure to high-growth sectors, the midcap IT stock deserves a closer look

The Magnificent Seven stocks were valued at $11.7 trillion as of Tuesday, about the size of three developed nations' stock markets combined.