Amid fears that artificial intelligence is just a bubble ready to be popped, billionaire investor Howard Marks said that it is very real and capable of doing a lot of work. However, he remains inconclusive regarding whether investing in AI will be profitable. “Since we don’t have full knowledge of AI’s business potential or its…
Shares of XTGlobal Infotech were locked in the 20% upper circuit at Rs 33.18 on the BSE on Thursday after the company announced it had been selected for an AI Enablement for Engineering Services engagement by a prominent US-based state transportation agency. The total contract value for the initial six-month engagement is approximately $796,900. Managing…
The end of the year is marked in many different ways. In Ecuador and some parts of India, people build and burn effigies to symbolise the destruction of past grievances and the welcome of a fresh start. In Denmark, smashing plates is said to banish bad spirits, while people jump, as is the custom in…
Sharp falls in technology stock prices are cause for caution but not panic yet, said brokers and investors who have been riding a runaway market to record highs and some stretched valuations. Selling extended into a second day on Wednesday to leave bourses in Seoul and Tokyo around 5% beneath peaks reached on Tuesday morning….
Japan’s Nikkei share average touched its highest in almost five months on Thursday, as a period of calm in the Middle East encouraged investors to buy back riskier assets, particularly chip and other high-tech shares. The Nikkei climbed 1.7% to 39,584.58 at the close and reached 39,615.59 at its highest point during the session, a…
The artificial intelligence (AI) sector is experiencing rapid growth and innovation, with companies like NVIDIA experiencing unprecedented stock surges. This AI frenzy has generated significant wealth for many investors and fueled concerns about overvaluation and potential bubbles reminiscent of the dot-com era. However, Brownstone Research founder and chief investment analyst Jeff Brown believes that a…
Just as enthusiasm over artificial intelligence and China’s stimulus fades, a familiar weakness has come back to haunt equity investors in emerging markets: sinking corporate profits. With 96% of companies in the MSCI Emerging Markets Index done with their quarterly results, the earnings season is almost over. And the picture isn’t pretty — Almost half…