Tag Archives: craze

AI related stocks soar on artificial intelligence craze

AI related stocks soar on artificial intelligence craze

AI-related stocks are rallying as investors look for ways to make money off the hottest topic in Wall Street: artificial intelligence. The AI craze is fueled by Microsoft (MSFT)-backed OpenAI’s ChatGPT. The chatbot, launched in November, has become wildly popular in the Internet and spurred discussion over efficiencies in the workplace. Shares of AI maker C3.ai (AI), whose clients include Bank of America, Shell, and 3M, have skyrocketed more than 100% year-to-date. Smaller-cap, lesser-known… Source link

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Behind the madcap craze of massive NBA draft picks packages

Behind the madcap craze of massive NBA draft picks packages

Who were the Minnesota Timberwolves competing against when they traded three playoff rotational players and the rights to seven of their first-round draft picks from this decade for 30-year-old center Rudy Gobert? If you are the head of basketball operations on the other end of the phone, all it takes is one new ownership group or empowered executive desperate to make a splash, or both, to outbid a player’s value. A reckless negotiation should never set a market, but the 2019 trade of Anthony… Source link

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The meme stock craze is ‘pretty bro-y,’ says CEO of investing platform for women

The meme stock craze is ‘pretty bro-y,’ says CEO of investing platform for women

The meme stock craze — which multiplied the value of beleaguered companies like GameStop (GME) and squeezed hedge funds that bet against them — became a symbol of the populist fight between small-time traders and Wall Street juggernauts. But the most visible figures associated with the movement on behalf of everyday traders, which took off in January 2021, shared something in common: their gender. Keith Gill, a day trader who rose to prominence through his YouTube persona “Roaring Kitty,”… Source link

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The Getty, Google Arts, & Banana Craze Create Three Online Shows Worth a Visit

In my search for online exhibitions with compelling presentations and content, I have recently become apprised of three shows that take advantage of the digital medium to display words and images (only one show contains sounds in these examples) in ways that I wouldn’t quite be able to experience IRL. They do all share a basic approach: to use visual and historical examinations of an object or objects to discuss how it has come to be and how… Source link

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NFT craze breathes life into first ETF, investors seek to ‘connect and create’

A new exchange traded fund (ETF) is trying to capture the white-hot market for non-fungible tokens (NFTs) in one financial product.  But the catch is that it won’t actually own any NFTs, crypto assets or related derivatives. Listed under the symbol “NFTZ” by issuer Defiance ETFs, the Defiance Digital Revolution ETF launches Thursday on the New York Stock Exchange’s Arca platform. The fund owns shares in publicly traded blockchain-related companies like Coinbase (COIN), in addition to those… Source link

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Shiba Inus or Squids? Crypto investors ride latest craze, fanning bubble debate

The Shiba Inu (SHIB-USD) digital coin has risen from obscurity (or meme status, depending on who you ask) to become the hottest trade in cryptocurrency.  Already, wild stories have emerged about small investors making a fortune on the digital coin bearing the likeness of a canine. For the uninitiated, Shiba Inu should not be confused with Dogecoin (DOGE-USD) — another dog-faced digital currency. Coincidentally, Doge also started life as a joke of sorts, en route to becoming one of the… Source link

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Hollywood taps into NFT craze with Anthony Hopkins movie, using blockchain for auction

Hollywood is seeking a new revenue stream in the hot market for non-fungible tokens (NFTs). With COVID-19 scaring away many moviegoers from theaters, and making blockbuster ticket sales harder to come by, a few entrepreneurs are getting more creative using blockchain technology. Enter a brand-new science-fiction movie starring Anthony Hopkins, which will be the first film to be auctioned off as an NFT. “Zero Contact” is being auctioned off by Vuele, an NFT film distribution platform that hopes… Source link

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Why the meme stock craze is more significant than you think

As trading platforms like Robinhood create a rise in retail investor market participation and spark a renewed interest in shares of companies dubbed “meme stocks” like GameStop (GME), BlackBerry (BB), and AMC (AMC), the world of finance is seeing an intersection with the social media sphere. “What you’re seeing is a much larger trend here,” Alexis Ohanian, founder of venture capital firm Seven Seven Six and co-founder of Reddit, told Yahoo Finance Live. “It is the intersection of… Source link

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Elon Musks, dogecoin craze add to heightened demand for Shiba Inu dogs

Elon Musk, the CEO of Tesla Motors (TSLA) during the day and a Johnny-come-lately cryptocurrency influencer in his spare time, is no stranger to setting trends.  He can now add a special breed of dogs to that list.  On Friday Musk tweeted, “My Shiba Inu will be named Floki,” sending both dog and crypto lovers on a frenzy amid heightened interest around dogecoin (DOGE-USD), the digital currency that features the Shiba Inu dog.  Interestingly enough, dog breeders Tom & Sandie Rolenaitis… Source link

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