Tag: cloud computing

Apple and Amazon are set to release their financial results this week. Analysts will be paying attention to the growth of the iPhone, Apple's services business, and any updates on its AI strategy. Amazon's earnings will highlight the performance of its cloud computing business, AWS, and potential dividend announcements.

Microsoft and Google's parent company, Alphabet, had impressive quarterly results. Their cloud businesses drove growth, and they beat financial expectations. Alphabet announced a dividend payout, aligning with Meta. While AI will be discussed in their earnings calls, major announcements are expected at upcoming conferences, showcasing AI's potential in their ecosystems and platforms.

RH, Estée Lauder, and Verint Systems stocks rose due to strong performance and upgrades, while Reddit, Chemours, AMC Entertainment, MillerKnoll, Braze, and TD Synnex fell due to factors such as insider selling, internal issues, disappointing guidance, or secondary offerings.

Amazon has invested $2.75 billion more in Anthropic, an AI startup seen as a competitor to OpenAI's ChatGPT. This is part of a broader spending spree by cloud providers to gain an edge in the AI race, with Amazon providing cloud services and chips to Anthropic in return. The investment will help Anthropic develop more advanced generative AI models, but raises concerns about potential risks and regulatory scrutiny given the circular nature of such partnerships.

AI investments are booming as its impact on industries grows. There are several promising AI ETFs to consider if you want to capitalize on this growth. These ETFs invest in companies involved in AI development and adoption. Top performers include Invesco Semiconductors, QRA AI-Enhanced ETF, and Invesco QQQ Series 1 ETF. By investing in these ETFs, you can tap into the anticipated surge in AI adoption and technological advancements expected in the next decade.

Technology stock expert C.J. is upbeat on S&P's future. He expects hardware upgrades, software expansion, and advances in AI to drive growth. Despite its high valuation, he believes S&P's growth potential justifies it. C.J. sees AI as a major growth area and suggests investing in S&P and companies that supply components for AI systems. While value stocks and edge computing companies offer potential, he urges caution with analog stocks.