It was a good day of earnings for Big Tech companies. Three of the Magnificent 7 results dominated the headlines: Meta, Amazon and Apple. Nasdaq and S&P 500 gained in ‘after the bell’ trading. This after a punishing day for Alphabet and Microsoft, despite good results. Nasdaq 100 closed at: 17344Read More →
U.S. microchip giant Advanced Micro Devices (AMD) is investing in AI PCs to take on the likes of Nvidia and Intel and Arm as the AI race gains momentum. As the AI market expands so too will AI powered personal computer (PC). These are personal computers embedded with processors specifically designed to perform AI functions suchRead More →
Gold demand hit record highs in 2023 on the back of persistent geopolitical tensions and continued weakness in some world economies, particularly China according to the World Gold Council. Total gold demand stood at 4,899 tons in 2023 compared to 4,741 tons in 2022. Gold purchases from central banks ledRead More →
Space smells – fact or fiction? It’s true, space has a smell. Space is a vacuum, so no one can smell it directly. But astronauts can smell the things that have been in space, such as their suits or tools. They report that space smells like hot metal, diesel fumes, barbecue, or burning hydrocarbons. TheseRead More →
The Nasdaq 100 climbed to a new high of: 17314 on 19th January 2024 The NASDAQ 100 Index is a widely used benchmark for the performance of the technology sector in the U.S. market. It consists of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. Some ofRead More →
The Magnificent Seven is a term coined to describe the seven most valuable and popularly owned tech companies in the U.S. stock market. It was also a 1960’s movie… The Seven Apple (AAPL) The world’s largest software company, known for its iPhone, iPad, Mac, Apple Watch, AirPods, and other devices, asRead More →
World Gold Council The two most significant events for gold demand in 2023 were the collapse of Silicon Valley Bank and the Hamas attack on Israel, the World Gold Council (WGC) said, estimating that geopolitics added between 3% and 6% to gold’s performance over the year. The WGC estimated thatRead More →
Gold was on a tear overnight 3rd December 2023 ripping to a new all-time intra-day high of 2135. Gold prices are on course to hit fresh highs in 2024 and could remain above $2,000 levels, analysts predict. Geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts areRead More →
Some expect gold to above climb $2,500 Gold prices are on track to rally to all-time highs in 2024 on the back of interest rates increases, inflation fear, looming recessionary concerns and geo-political unrest. The precious metal is always sought after as a safe haven asset. The gold price hit aRead More →
The Nasdaq is a stock market index that tracks the performance of over 3,000 companies, mostly in the technology sector. Correction A correction is a term used to describe a decline of 10% or more from a recent peak in the price of an asset. The Nasdaq entered correction territory onRead More →
The U.S. reportedly announced new restrictions on exports of advanced chips to China, including two made-for-China chips from Nvidia. U.S. chip stocks fell as the curbs also hit Advanced Micro Devices and Intel. Loopholes The curbs are aimed at closing loopholes that became apparent after the U.S. announced export curbs on microchipsRead More →
Gold value has been slipping in recent months of 2023 – here are some of the reasons gold prices fluctuate. Dynamic market Gold is a precious metal that is often seen as a safe haven investment and a store of value, but it is also subject to the forces ofRead More →
The Magnificent Seven tech stocks These are the seven largest U.S. listed companies in the technology sector. Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla and Meta Platforms. According to a report released Monday 2nd October 2023, these tech’ stocks have seen their valuation drop relative to the median stock in theRead More →
Meta has announced a series of new chatbots to be used in its Messenger service. Charming The chatbots will have ‘personality’ and specialise in certain subjects, like holidays, and cooking. Let’s hope they haven’t been modelled on the company boss then. It is the latest attempt in a chatbot ‘chat’Read More →
Top tech stocks The Magnificent Seven is a term to describe seven tech’ stocks that have been surging in 2023. Dominant These seven stocks are considered to be dominant in their respective fields and have strong growth prospects driven by innovation and artificial intelligence (AI). They have outperformed the broaderRead More →
‘Is this the end of the line’? Yet more strike action continues to create chaos for travellers Much of the UK will have no train services on Friday 1st Septemebr 2023 as the latest major strike action takes place. Members of Aslef, the train drivers’ union, who work at moreRead More →
Think of the biggest market for a physical product you can possibly imagine – are you thinking mobile phones, cars or game devices even? Think again…? They are all big commercial markets but in the coming decades a new product is coming and it will be so desirable that itRead More →
Nvidia shares rose 4.2% Tuesday 29th August 2023 to close at a record high, after the company announced a partnership with Google that could expand distribution of its artificial intelligence technology (AI). The stock’s bountiful run continued, now up 234% in 2023, making it by far the best performer in the S&P 500.Read More →
Aristotle 384–322 BC Aristotle was an ancient Greek philosopher and scientist, who is considered one of the greatest intellectual figures of Western history. He wrote on a wide range of subjects, including logic, metaphysics, ethics, politics, biology, natural sciences, philosophy, linguistics, economics, politics, psychology and the arts. He founded the Lyceum, a school of philosophy inRead More →
Amazon is one of the leading companies in the field of artificial intelligence (AI) and has been developing its own custom chips to power its AI applications and services. Amazon’s AI chips are designed to perform tasks such as natural language processing, computer vision, speech recognition, and machine learning inferenceRead More →
Gallium and germanium No, nor me – never heard of them, but they are extremely important elements needed in microchip manufacturing and China is the world’s largest producer. Germanium and gallium are two elements that are used in the production of semiconductor chips, which are essential for various electronic devicesRead More →
Threads Open Social Network Threads is a new app, owned by Meta (Facebook), and built by the Instagram team, for sharing public conversations akin to Twitter. You log in using your Instagram account and posts can be up to 500 characters long and include links, photos, and videos with a 5 minute limit. Threads is Meta’s first app envisionedRead More →
The entrepreneur Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX and Neuralink, has revealed his latest venture: xAI, a new artificial intelligence company that aims to “understand the true nature of the universe”. Musk announced the formation of xAI on Wednesday on Twitter and on the company’s official website, whichRead More →
Baidu said its AI system called Ernie 3.5 outperformed OpenAI’s ChatGPT and GPT4 in several key areas. ERNIE – Enhanced Language RepresentatioN with Informative Entities Ernie was first introduced in 2019, and since then, Baidu has been improving and upgrading it with new versions. The latest version, Ernie 3.5, was announcedRead More →
AI stands for Artificial Intelligence, which is the ability of machines to perform tasks that normally require human intelligence. AI can involve various aspects of cognition, such as perceiving, reasoning, learning, problem-solving, and even creativity. Types of AI AI can be classified into different types based on the level ofRead More →