{ }
Symbol GOOG
Name Alphabet Inc.
Currency USD
Sector Communication Services
IndustryGroup Telecommunication Services
Industry Diversified Telecommunication Services
Market NASDAQ Global Select
Country United States
State CA
City Mountain View
Zipcode 94043
Website http://www.abc.xyz
Swiss Life Asset Managers has significantly expanded its asset management capabilities, managing CHF 262 billion, with CHF 117 billion from third-party clients, positioning itself as a top player in Switzerland. The firm focuses on stable income-generating investments in real estate, infrastructure, and securities, while leveraging unique market opportunities and maintaining strong client relationships. With a strategic emphasis on organic growth and sustainable investments, Swiss Life aims to enhance its portfolio amidst a competitive landscape.
Dow Jones, S&P 500, and Nasdaq futures will open Sunday evening, with the final Federal Reserve meeting of 2024 scheduled for Dec. 17-18, where a quarter-point rate cut is expected. The stock market had a mixed week, with the Nasdaq slightly up, driven by gains in Alphabet, Tesla, and Broadcom, while Nvidia lagged amid rising Treasury yields. Palantir, MicroStrategy, and Axon Enterprise will join the Nasdaq 100 index, replacing Moderna, Super Micro Computer, and Illumina.
UBS predicts that AI will evolve into a trillion-dollar industry by the decade's end, driven by significant investments from major tech firms. The bank advises investors to diversify their portfolios by adjusting AI allocations, investing in supporting infrastructure, and balancing large companies with emerging players, while being cautious of risks in private markets. Key sectors poised for growth include healthcare, cybersecurity, and fintech, alongside rising energy demands due to AI's intensive nature.
IonQ, a leading player in quantum computing, has seen its stock soar 143% this year, but faces significant risks, including unprofitability and competition from tech giants like Google and Microsoft. While the potential for disruption in various industries exists, the path to commercial success remains uncertain, with many quantum firms still in the research phase and struggling to generate substantial revenue. Investors should weigh these challenges carefully before considering an investment in IonQ.
Tech leaders, including Jeff Bezos of Amazon, Mark Zuckerberg of Meta, and Sundar Pichai of Alphabet, are actively engaging with Donald Trump to navigate potential challenges posed by his administration. Bezos praised Trump's newfound calmness, while Zuckerberg reflected on his own reactions to recent events, and Pichai expressed optimism about future innovations under Trump's leadership.
Adobe's 2025 sales and earnings guidance fell short of expectations as the company focuses on expanding its generative AI technology before monetization, leading to a stock decline. Oracle also reported mixed results, with a 10% EPS gain and 9% sales increase, but missed high expectations. Meanwhile, Tesla reached a record high amid optimism about self-driving technology, and Alphabet's stock surged following the announcement of a breakthrough quantum computing chip and new AI tools.
Broadcom's stock surged over 21% after the company projected AI chip sales could reach $60 billion to $90 billion by fiscal 2027, up from $12.2 billion in 2024. CEO Hock Tan highlighted strong demand from major clients like Google, Meta, and ByteDance, with additional potential from Apple and OpenAI. Analysts responded positively, raising price targets and noting Broadcom's competitive edge in the AI chip market.
Stocks turned lower in late-morning trading, with the S&P 500 and Nasdaq Composite down 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average remained flat. Broadcom's strong earnings initially boosted chip stocks, but major tech companies like Apple and Microsoft saw losses. As the market anticipates a Federal Reserve rate cut next week, the yield on 10-year Treasurys rose to 4.38%.
OpenAI's ChatGPT faced an outage due to high demand following its integration with Apple’s iOS, while Meta experienced disruptions across its platforms. As AI services expand, major tech firms are expected to increase AI capital expenditures significantly, driving growth in data centers and energy demand. This surge will necessitate substantial investments in electricity infrastructure and critical metals, with forecasts suggesting a combined annual investment of around USD 3.0 trillion by the decade's end.
Global markets faced a downturn this week as rising government bond yields followed the US inflation data and the ECB's hawkish rate cut. European stocks showed mixed results, with consumer stocks rallying amid hopes for Chinese stimulus, while US markets were mixed, led by gains in technology shares despite losses in most sectors. In China, stock markets rallied on expectations of further stimulus measures.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.