With the market suddenly turning bearish on some of the best artificial intelligence (AI) stocks in the market, I decided now is the perfect time to take action and buy some shares. The company I bought most recently is fairly popular and has been a top AI pick for a long time. However, one of the greatest pieces of investing advice I've ever heard came from Peter Lynch, who noted, "Sometimes the ...
With the market suddenly turning bearish on some of the best artificial intelligence (AI) stocks in the market, I decided now is the perfect time to take action and buy some shares. The company I bought most recently is fairly popular and has been a top AI pick for a long time. However, one of the greatest pieces of investing advice I've ever heard came from Peter Lynch, who noted, "Sometimes the best stock to buy is one you already own." I agree with that philosophy, which is why I recently purchased Nvidia (NVDA 2.94%) stock before earnings. While I may be somewhat disappointed that Nvidia's stock didn't soar following earnings, and could have gotten it for cheaper if I waited, I'm confident in its long-term prospects and believe it's still a great buy today. AI spending isn't slowing down The biggest reason some of the big tech stocks are down alongside Nvidia is the market's growing skepticism of AI spending. The big four hyperscalers alone are slated to spend about $650 billion on capital expenditures this year, with the vast majority of that going toward AI aspirations. There has been a ton of innovation with AI over recent months, and it doesn't look to be slowing down anytime soon. However, what's missing are the massive revenue streams needed to justify this spending, and that's what has the market concerned. If there is no real return on investment, why are they spending so much? The reality is, none of these companies can afford to be left behind. If they choose not to invest in AI, and it turns out to be the real deal, it will be nearly impossible to catch up, obsoleting their business in just a handful of years. So each of them chooses to continue spending. Nvidia receives a huge cut of that spending for its graphics processing units (GPUs), so if the hyperscalers decreased their AI spending, its business would be harmed. But the reality is, nobody is slowing down; they're speeding up. This is showcased by Nvidia's latest quarterly results, where its re...
China has vowed to firmly safeguard its overseas interests – a core objective reaffirmed in its latest five-year plan – at a time when global volatility is testing supply chains and regional influence. Foreign Minister Wang Yi said on Sunday that Beijing would continue to strengthen its capacity to protect Chinese interests and citizens abroad, put the people first, and develop a global system for...
China has vowed to firmly safeguard its overseas interests – a core objective reaffirmed in its latest five-year plan – at a time when global volatility is testing supply chains and regional influence. Foreign Minister Wang Yi said on Sunday that Beijing would continue to strengthen its capacity to protect Chinese interests and citizens abroad, put the people first, and develop a global system for security and risk prevention. According to analysts, his remarks reflect the growing pressures on Beijing – from regional conflicts to commercial disputes and hostility with the US. Advertisement These could be crucial factors in shaping its foreign policy direction, they said. Beijing lays out its views on world order at Chinese Foreign Minister’s press conference Beijing lays out its views on world order at Chinese Foreign Minister’s press conference Addressing a high-profile press conference in Beijing, Wang underscored China’s unwavering commitment to its citizens abroad. Advertisement “I want to tell our compatriots overseas: while the world before you is fraught with turmoil, the motherland behind you stands as firm as a mountain,” Wang said.
Escalating geopolitical tensions will not derail Hong Kong’s goal set out in the country’s 15th five-year plan and its efforts to implement the blueprint, former leader Leung Chun-ying has said, describing agility and adaptability as in the city’s DNA. The vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also said that Beijing expe...
Escalating geopolitical tensions will not derail Hong Kong’s goal set out in the country’s 15th five-year plan and its efforts to implement the blueprint, former leader Leung Chun-ying has said, describing agility and adaptability as in the city’s DNA. The vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also said that Beijing expected Hong Kong to serve national development more proactively, calling on the city to “step forward to raise our hand”. Speaking to the South China Morning Post in Beijing on the sidelines of the annual “two sessions” political gathering, Leung expressed confidence that Hong Kong could navigate the heightened geopolitical tensions. Advertisement “Hong Kong has always been very quick off its feet, very adaptive,” he said. “It is in our DNA, so I have full confidence in Hong Kong people, particularly the Hong Kong business sector, to steer the course, whatever happens to the geopolitical situation.” Leung added that Hong Kong could achieve the goals set out by Beijing as long as it stayed focused on the initiative highlighted in the blueprint. Advertisement His remarks came after US-Israel strikes on Iran disrupted global supply chains and drove up oil prices, with United States President Donald Trump demanding Tehran’s unconditional surrender.
A little girl from central China has touched millions of hearts online with a handwritten farewell message and money for her parents as they left for work. Xinyu, a 10-year-old from Shangqiu, Henan province, is raised by her grandmother with her younger brother while her parents work in Suzhou, eastern China. According to mainland reports, her parents only return home once a year during the Spring...
A little girl from central China has touched millions of hearts online with a handwritten farewell message and money for her parents as they left for work. Xinyu, a 10-year-old from Shangqiu, Henan province, is raised by her grandmother with her younger brother while her parents work in Suzhou, eastern China. According to mainland reports, her parents only return home once a year during the Spring Festival, which this year ran from February 15 to 23, the longest holiday in recent years. Advertisement Before leaving for Suzhou on February 23, Xinyu’s father, surnamed Xu, informed his children of their plans. The actions of Xinyu, pictured smiling above, left her parents in tears. Photo: Douyin When the couple went to take a final look at their children the night before leaving, they found a heartfelt note from his daughter and a stack of 805 yuan (US$120) in cash.
國泰夥西九推第五代「香港精神號」 AI山水畫機身即日起載客 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】國泰慶祝成立80周年，與西九文化區合作，推出第五代「香港精神號」客機。 客機貼上不同顏色的創新山水畫元素圖...
國泰夥西九推第五代「香港精神號」 AI山水畫機身即日起載客 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】國泰慶祝成立80周年，與西九文化區合作，推出第五代「香港精神號」客機。 客機貼上不同顏色的創新山水畫元素圖案，是本地藝術家黃宏達以本港地理數據配合人工智能創作，即日起投入載客。西九文化區管理局董事局主席陳智思致辭時說，十五五規劃綱要草案支持香港作為建設中外文化藝術的交流中心，香港應繼續透過跨界別合作，促進「文、體、旅」協同發展，又期望今次合作可將本地藝術家的創意精神帶到全世界。
(RTTNews) - The Australian stock market is sharply lower on Monday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is tumbling more than 3 percent to near the 8,5500.00 level, with weakness across most sectors led by financial, mining and technology stocks amid concerns about the military conflict...
(RTTNews) - The Australian stock market is sharply lower on Monday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is tumbling more than 3 percent to near the 8,5500.00 level, with weakness across most sectors led by financial, mining and technology stocks amid concerns about the military conflict in the Middle-East. Energy stocks are the only bright spot amid spiking crude oil prices. The benchmark S&P/ASX 200 Index is losing 300.60 points or 3.40 percent to 8,550.40, after hitting a low of 8,536.10 earlier. The broader All Ordinaries Index is down 307.00 points or 3.38 percent to 8,778.10. Australian stocks closed significantly lower on Friday. Among the major miners, Mineral Resources is tumbling almost 7 percent, Rio Tinto is declining almost 4 percent, Fortescue is losing more than 3 percent and BHP Group is sliding more than 5 percent. Oil stocks are mostly higher. Beach energy is gaining almost 1 percent, Woodside Energy is adding more than 1 percent and Santos is advancing more than 2 percent, while Origin Energy is edging down 0.5 percent. Among tech stocks, Afterpay owner Block is declining more than 4 percent, WiseTech Global is losing more than 2 percent, Appen is slipping almost 5 percent, Zip is tumbling almost 6 percent and Xero is down more than 4 percent. Gold miners are lower. Northern Star Resources and Evolution Mining are losing more than 5 percent each, while Resolute Mining is slipping almost 6 percent, Newmont is down more than 3 percent and Genesis Minerals is declining almost 5 percent. Among the big four banks, Commonwealth Bank, Westpac, ANZ Banking and National Australia Bank are all losing almost 4 percent each. In the currency market, the Aussie dollar is trading at $0.697 on Monday. On Wall Street, stocks moved sharply lower during trading on Friday, adding to the losses posted in the previous session. With the steep losses on the day...