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Caterpillar is among the most overbought stocks on Wall Street after a post-earnings surge. Here are the others
Strong earnings boosted the artificial intelligence trade and sent stocks higher on Friday, but some stocks could soon head for a selloff, according to one technical yardstick. As of Friday, about 63% of companies in the S & P 500 had reported their latest earnings. Of these, nearly 83% had posted an upside earnings surprise, […]
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CNBC Daily Open: Rallies and tech ‘revolution’ — all powered by AI
OpenAI CEO Sam Altman (L) shakes hands with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at the Seattle Convention Center Summit Building in Seattle, Washington, U.S., on May 21, 2024. Jason Redmond | Afp | Getty Images Investors can’t get enough of artificial intelligence, despite […]
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CNBC Daily Open: It’s a boom, it’s a bubble, it’s still not enough for investors: It’s AI
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images Investors can’t get enough of artificial intelligence, despite worries over the sector’s excessively high […]
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