Gene Munster, a tech analyst at Deepwater Asset Management, predicts that OpenAI could become a significant competitor to Google in the search business, despite its ties with Microsoft. Munster's forecast follows reports of a potential partnership between Apple and OpenAI.
Anthropic, an AI startup backed by Google and Amazon, has launched its Claude chatbot and subscription plans in Europe, aiming to expand its market presence amidst strong competition.
Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.
In recent years, PayPal Holdings Inc (NASDAQ: PYPL) has been struggling as Big Tech titans, Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG)(NASDAQ:
Stocks rallied last week with the S&P 500 rising 1.9% to close at 5,222.68. The index is now up 9.5% year to date and up 46% from its October 12, 2022 closing low of 3,577.03.