AI likely to go the way of robo-advisers in financial planning, Morningstar says
A new paper published by Morningstar argues the tech is unlikely to replace advisers because it fails to garner trust from humans.
Source: yahoo.com
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Tech Rally Sputters as yields rise before Powell: Markets wrap
Big tech rally weakened due to rising bond yields. Traders analyze Federal Reserve comments, await Powell's speech for interest rate insights.
Source: hindustantimes.com
Nvidia's A.I.-fueled profit beat has investors cheering—but a deeper analysis shows serious valuation problems
"Nvidia's valuation is ridiculous," says analyst David Trainer. "People should not be chasing this stock before it drops by around 80% to below $100."
Source: yahoo.com
Nvidia Stock Is 'Ridiculously' High Even After Blowout Earnings: Analyst
"Nvidia is the stock market's new Tesla, where the market blindly assigns a ridiculously high and unrealistic valuation," one veteran analyst says.
Source: businessinsider.com
Nvidia Passes $500 For First Time Ever — Analysts Think It Can Explode Past Amazon
One firm even believes Nvidia should approach a $3 trillion valuation.
Source: forbes.com