With Nvidia's (NVDA) earnings failing to drive markets the way investors had hoped, Commerce Street Capital CEO Dory Wiley joins Market Domination to share his market outlook and discuss how investors should position themselves within the Big Tech sector. Wiley highlights the importance of Nvidia's earnings: "Nvidia drives Mag 7, Mag 7 drives the market." He acknowledges that Nvidia "blew it out of the water" with its results. However, he notes that Big Tech has been "a weak spot in the market" despite Nvidia's value proposition. Despite the recent pressure on Big Tech and the "Magnificent 7," Wiley remains optimistic about these stocks' long-term prospects: "[They] have fundamental reasons to keep growing and to keep driving the markets ... If you under-allocate, you're in big trouble." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Ask Google if cats have been on the moon and it used to spit out a ranked list of websites so you could discover the answer for yourself. “Yes, astronauts have met cats on the moon, played with them, and provided care," said Google's newly retooled search engine in response to a query by an Associated Press reporter. Similar errors — some funny, others harmful falsehoods — have been shared on social media since Google this month unleashed AI overviews, a makeover of its search page that frequently puts the summaries on top of search results.
Companies usually don’t make a move without knowing their return on investment. When it comes to AI, we’re operating largely in the dark.