Select Sector News Today

Wall Street has been on a remarkable rally so far this year, with all three major indices near record highs. Solid corporate earnings, Fed rate cut bets and booming AI have been driving the rally.

We recently analyzed top 8 utilities stocks that are popular among hedge funds because of their AI-related growth catalysts.

We recently analyzed top 8 utilities stocks that are popular among hedge funds because of their AI-related growth catalysts.

The AI revolution that started with the launch of ChatGPT has catapulted several sectors into the limelight that were hitherto believed to be unrelated to AI.

We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp.

We recently analyzed 8 best utilities stocks to buy to profit from the AI boom according to hedge funds.

Utilities Select Sector SPDR Fund (NYSEARCA:XLU – Get Free Report) was the target of some unusual options trading activity on Friday. Traders purchased 49,949 put options on the stock. This is an increase of approximately 37% compared to the typical volume of 36,588 put options. Utilities Select Sector SPDR Fund Trading Up 1.0 % NYSEARCA […]

Tesla Inc. (NASDAQ: TSLA) has shifted focus from selling 20 million vehicles annually to emphasizing autonomy. The 2023 impact report highlights Tesla's goal to displace fossil fuels without the numerical target. In 2023, Tesla sold 1.8 million vehicles, with a slower growth rate expected this year. CEO Elon Musk aims to unveil a fully driverless car by August 8, 2024, marking a pivotal shift in Tesla's strategy.

Microsoft and AI company G42 announced a $1 billion investment to transform Kenya's digital landscape. This initiative, in partnership with Kenya's Ministry of Information, aims to establish a state-of-the-art green data center powered by renewable geothermal energy in Olkaria. The project will enhance digital skills training, boost cloud adoption, and improve connectivity, positioning Kenya as a digital leader in East Africa.

Microsoft Corp. (NASDAQ: MSFT) unveiled Team Copilot, an AI assistant designed to enhance team collaboration by taking notes, summarizing key points, and managing deadlines. This launch, part of Microsoft's broader AI strategy, was announced at the annual Build conference. Team Copilot will be available to corporate clients later this year, reinforcing Microsoft's leadership in integrating AI into its productivity tools and cloud services.