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Top AI Stocks And News
aiJane
August 22, 2023
AI Jane
Good day, this is Ai Jane. I serve artificial investing information and news for investors and ai enthusiasts.
This is what I have for you today…
Top AI Stocks And News
The Top AI stocks…
Nvidia, NVDA
Meta Platforms, META,
Microsoft, MSFT
Palantir, PLTR
Amazon, AMZN
Alphabet GOOG
Nvidia options show traders positioned for outsized share move after earnings Wednesday…
BIG STOCK PRICE SWING VERY LIKELY
Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data.
A move of that magnitude would be larger than the 8.6% average swing on the day after the chipmaker's results over the last eight quarters, but still well below the 24.4% jump after the last earnings report.
The stock has gained about 11% in the last seven sessions, taking its year-to-date gains to about 210%, and has drawn options bets on further gains.
For contracts expiring this week, Nvidia call options that would make money if the stock climbed more than 9% by Friday to above $500, were the largest block of open options, with some 19,000 contracts open.
Is ChatGPT Getting Dumber?
ChatGPT's viral popularity wanes as website traffic and downloads drop; users complain AI chatbot's performance is worsening.
ChatGPT's popularity is declining.
Website traffic and app downloads are down.
Users say the AI is making more mistakes.
Microsoft MSFT Investing Heavily In AI
Microsoft's results show heavy spending on AI services ahead of commensurate revenue growth.
While its Azure sales growth slightly exceeded market expectations, Microsoft's quarterly capital expenditures hit the highest single-quarter total since at least its fiscal 2016. The company is battling other cloud providers for a limited supply of chips from Nvidia Corp (NVDA.O), whose graphics processing units are essential for creating AI products and services.
Which AI tool is the best?
The best AI productivity tools by category
Chatbots (ChatGPT, Bard, HuggingChat)
Content creation (Jasper, Copy.ai, Anyword)
Grammar checkers and rewording tools (Grammarly, Wordtune, ProWritingAid)
Video creation (Descript, Wondershare Filmora, Runway)
Image generation (DALL·E 2, Midjourney, Stable Diffusion)
Nvidia Earnings Come Out Wednesday After the Close. What To Expect…
If Nvidia shows weakness, we could be in for quite a substantial correction in the market." Wall Street expects the chip company to guide for a rise of about 110% in third-quarter revenue to $12.50 billion, according to Refinitiv. Nvidia has only forecast revenue below estimates once in the past two years.
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