AI to Lead the Market for Years: Defiance ETFs’ Jablonski

Dan Ives, the global head of technology research at Wedbush Securities, stated that it is too early to declare an AI bubble, emphasizing the U.S. commitment to maintaining its chip market against competitors like Huawei and Nvidia. This perspective was shared during an interview on Bloomberg The Close with Romaine Bostick.

The latest analysis from Bloomberg highlights a significant lag in the performance of major tech stocks, particularly the so-called Magnificent 7, amidst a broader rebound in the S&P 500. This trend raises concerns about the sustainability of the tech sector's growth, especially as companies like Okta report mixed earnings and adjust profit forecasts. Additionally, TikTok has announced plans to invest over $37 billion in a new data center in Brazil, marking its first major project in Latin America.

Some YouTube creators are increasingly producing low-effort, low-quality AI-generated videos, referred to as 'AI Slop,' targeting viewers under two years old. This trend has raised concerns among critics regarding the appropriateness and educational value of such content for infants. Bloomberg's Alex Levine discussed this phenomenon on 'Bloomberg Tech.'

Okta CEO Todd McKinnon highlighted the company's optimistic outlook driven by advancements in artificial intelligence (AI) during an interview on Bloomberg Tech. He emphasized the significant opportunities AI presents for enhancing software solutions and driving growth.

Amazon has launched its latest AI chip, Trainium3, as part of its ongoing efforts to enhance its chipmaking capabilities in the United States. JoAnne Feeney from Advisors Capital Management discussed this development during an interview on Bloomberg Tech with Caroline Hyde, highlighting its significance in the competitive AI landscape.

Uber Technologies Inc. has partnered with Avride Inc. to launch a robotaxi service in Dallas, marking the company's fourth U.S. city to offer autonomous ride options, following Phoenix, Austin, and Atlanta. This initiative aims to enhance urban transportation by integrating self-driving technology into its services.

Some YouTube creators are increasingly utilizing AI tools to produce videos aimed at children and infants, which has sparked concerns among experts regarding the potential negative effects on early brain development. Critics argue that these AI-generated videos, often masquerading as educational content, may not provide the cognitive benefits that traditional educational materials offer.

Check Point Software Technologies Ltd. is raising $1.5 billion through the sale of a five-year zero-coupon convertible bond, with plans to allocate up to $225 million for stock buybacks. This financial maneuver aims to strengthen the company's capital structure and enhance shareholder value.