Microsoft cloud unit may have been the standout performer in its quarterly earnings but Wall Street is becoming increasingly enthusiastic about its AI growth opportunity. Analysts noted encouraging signs that its AI services—following its investment in OpenAI—were beginning to have an impact on market share and performance. Significantly, that includes roughly one percentage point from AI services, Chief Financial Officer Amy Hood said on the company’s earnings call. Read More...
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Down More Than 50%: Buy These 3 Beaten-Down Stocks Before They Rebound, Say Analysts
Despite the early recovery seen at the start of the year, following 2022’s resolute bear, a sustained bull rally has failed to materialize since. Weighed down by an uncertain global economic backdrop and the prospect of a recession, market conditions have been volatile, with investors seeking clear signals on the market’s direction. Well, according to Carson Group chief market strategist Ryan Detrick, there are plenty of them flashing brightly right now. In contrast to those predicting rough day
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