Wall Street was upbeat Tuesday, with Dow Jones Industrial Average rising more than 150 points and S&P 500 and Nasdaq jumping to record highs as Nvidia and a Microsoft-OpenAI deal boosted US stocks.  With the Federal Reserve interest rate decision…

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The post You will see a 30 to 50% correction in many AI-related names next year, says Dan Niles appeared first on StartupHub.ai.

“You will see a 30 to 50% correction in many AI-related names next year,” stated Dan Niles, founder and portfolio manager at Niles Investment Management, during a recent appearance on CNBC’s ‘Money Movers’. Niles joined the broadcast to discuss his outlook on Big Tech earnings and the current market sentiment surrounding technology stocks, particularly those […]

The post You will see a 30 to 50% correction in many AI-related names next year, says Dan Niles appeared first on StartupHub.ai.

US stocks edged higher on Monday, with the Dow Jones Industrial Average gaining 250 points in early trading as Wall Street cheered a potential US-China trade deal. As risk-on sentiment creeped back into the markets, the Dow Jones Industrial Average…

US stocks reacted sharply to the consumer price index inflation reading for September, with the Dow Jones Industrial Average jumping more than 350 points and both the S&P 500 and the Nasdaq hitting new all-time highs. US stocks rose on…