Welcome to the AI extravaganza edition of The Investing Journal, where we're diving into the wild world of artificial intelligence and the juicy stories shaking up the investment landscape.
First up on our rollercoaster ride: Microsoft snaps up Sam Altman after a dramatic exit from OpenAI – talk about a plot twist! And if you're eyeing the crystal ball for your next big move, we've got the scoop on the 5 hottest AI stocks stealing the show in 2023.
But hold onto your hats 'cause we're also delving into the age-old question: Is AI on a mission to steal your job? Spoiler alert: 65% of workers out there are seriously sweating it!
Grab your caramel macchiato and let's get into it! ☕️👇️
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Investing for the Holiday Season (5 minute read)
With the holiday season peeking around the corner, the big question buzzing in the investor hive is: "Will it be a holly-jolly shopping season?" The recent earnings gossip suggests a mixed bag – some companies hinting at a softer year-end, like Target and Walmart sharing tales of consumer weariness.
The stats? They show wallets are still crackling, but sentiment on the street is folks are eyeing those price tags a bit more closely. So, who's likely to sleigh the season? Cue the spotlight on value-driven big box stores! Think TJX Companies (TJX), the wizard behind TJ Maxx, Marshall’s, and Home Goods, or perhaps Kohl's (KSS) doing its holiday dance. Time to tinsel up those investment portfolios!
Microsoft hires former OpenAI CEO Sam Altman (3 minute read)
This weekend has seen a serious rollercoaster in the AI world! Altman got the boot from OpenAI, with the board giving him the ol' vote of no confidence in his leadership skills. But after a weekend of nail-biting negotiations, Microsoft’s big boss, Satya Nadella, swoops in to announce a game-changer! Both Altman and Greg Brockman are hitching their wagons to Microsoft (MSFT), taking the reins of their spanking new advanced AI research team. Ex-Twitch boss Emmett Shear has been appointed as the interim CEO for OpenAI.
5 big analyst AI moves: Microsoft and NVIDIA reign supreme 5 minute read)
Microsoft's (MSFT) making waves at the Ignite conference with a lineup of shiny new AI goodies, think AI Copilots for Azure and Service. Meanwhile, over at NVIDIA (NVDA), they're rolling out the red carpet for the swanky new HGX H200 AI accelerator, an upgrade from the H100 – talk about a turbo boost! And Morgan Stanley's crystal ball is all aglow, chatting up potential GenAI champs for 2024. Eyes are on Meta Platforms Inc. (META) as the heavyweight mega-cap contender. Looks like the AI arena's heating up, folks!
5 Best AI Stocks to Invest In for 2023 (6 minute read)
Let's peek at the contenders: NVIDIA's (NVDA) hitting the throttle with graphics chips and self-driving cars, while IBM's (IBM) all about boosting human smarts across different fields. Microsoft's (MSFT) diving into memory chips for data centers and the self-driving scene, while Amazon's (AMZN) wielding its magic in voice tech, cloud computing, and the e-commerce universe. And don't forget about C3.AI (AI), using software-as-a-service to bring the big guns of AI to enterprise-scale applications.
But check this out: a fresh poll spills the tea that a whopping 2 out of 3 Americans are sweating bullets, convinced AI is lurking around the corner, ready to snatch careers from their industries. Whether you're Team Revolution or Team Dystopia, the worry is real, folks!