With the rise of AI, many industries are looking to incorporate it into their services and products. Slatestone Wealth Management Chief Market Strategist Kenny Polcari joins Yahoo Finance Live to discuss Amazon's (AMZN) investment in Anthropic and how investors can invest in AI. Polcari states that although AI is “very much in its infancy” it is already incorporated into a lot of businesses—"you’re going to get AI exposure” he notes. For investors looking for opportunities to boost their portfolio, Polcari suggests looking “in other parts of the space” due to the difficulty of investing directly into venture deals. Regarding the buzz around AI, Polcari insists “this AI story is just beginning” and that it needs to have a “core place” in every investor’s portfolio. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
If e-commerce stocks are making a comeback this year, somebody forgot to tell Etsy (NASDAQ: ETSY). While peers like Amazon, Wayfair, and Shopify have seen their stock prices bounce back this year in response to signs that the online retail market is strengthening, Etsy has missed out on the rally. Shares of the online marketplace for crafts and vintage items are down 47% year-to-date, missing out on the broader rally that's sent the Nasdaq Composite up 27%.
Stock splits don't actually do anything to change the fundamentals of a stock, but they do get investors excited in a way that few other moves do. Often, it's because the price has hit some milestone, and the company believes a single share is too expensive. This is likely a consequence of the momentum the stock had going into the split, and possibly some market psychology since investors will buy the stock-split stock if they believe the split will make it go higher.