With so much focus on Nvidia (NVDA), investors may be missing out on some other spectacular plays for their portfolio. In addition, some analysts warn that it may not be a good idea to focus on one sector or stock too heavily. GLOBALT Investments Senior Portfolio Manager Keith Buchanan joins Yahoo Finance to discuss the broadening market rally and alternative stock plays for investors to add to their portfolio, other than Nvidia. Buchanan explains why one of his top picks is Walmart (WMT): "Call me old fashioned, I like execution and that's what Walmart has proven time and time again. In the heart of the pandemic, coming out of the pandemic, they were able to keep prices ahead of inflation, now inflation is starting to turn down lower. The Vizio (VZIO) purchase... is really an example of where they see the corporation 10 years from now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation of about $2 billion, according to the report. Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million, the report added. Investments in artificial intelligence startups have sparked after the launch of OpenAI's viral chatbot ChatGPT in November 2022, as investors sense an opportunity, betting on these startups that they might outpace bigger rivals.
Since the late 1970s, new Dow 30 stocks have struggled in the year after joining. Amazon, a Magnificent Seven stock, has a formidable retail business, and is fueled by its cloud computing business. But the history is the history.