Cloud and hyperscale datacenter spending on AI is increasing, driven by big players like Microsoft, Alphabet, and Meta. This benefits chip manufacturers like Broadcom and Marvell.
Ark, which prides itself as an investor in disruptive innovation, increased its holdings of two AI plays and also resumed purchases of a Chinese EV stock.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The S&P 500 and Nasdaq just had their best week since November, rising 2.7% and 4.2% respectively, ending their recent streaks of losses. The Dow also increased slightly by 0.7%.