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2024-09-24 09:34:54
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AIbase
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11.9k
Meta Doubles Down on AI and Analysts are Optimistic, Market Cap Surpasses $1.43 Trillion
In this year's stock market, Meta, the parent company of Facebook, has stood out significantly, particularly among the so-called 'Big Seven' stocks. Except for Nvidia, Meta's performance is especially remarkable. Recently, Meta's stock price continued to rise during Monday's trading session, mainly due to a top Wall Street analyst raising their price target for the stock. Meta (Ticker: META) reached new highs in today's trading, reflecting overall strong market performance, and its market cap has increased this year.
2024-08-26 10:39:42
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AIbase
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11.3k
Disappointing Results in AI Stock Picking: Most Funds Underperform the S&P 500 Index
Recent research shows that exchange-traded funds (ETFs) that heavily rely on artificial intelligence (AI) systems for investment decisions have performed poorly, with most failing to outperform the S&P 500 Index. Among the 43 funds partially relying on AI, only 10 outperformed the index. In the case of 11 funds that completely rely on AI without human intervention, all underperformed the S&P 500 since October 2017, with six funds even recording losses despite an overall bullish market, averaging an annual loss of 1.8%. The research indicates that AI...