Fri, Apr 26, 2024 7:38 PM
Google parent Alphabet reclaims spot in $2 trillion valuation club
A Flip by Avya Verma
The economy is a feeling a touch blue — as seen through the lens of one of the world's largest tech players, IBM (IBM)."Interest rates are higher for longer than most people supposed in the middle of last year. So as you take that into account, if interest rates are 2%, 3% higher for the five and 10-year (bond), then people thought that means all of the debt is going to carry an extra price.
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Semiconductor chipmaker Advanced Micro Devices (NASDAQ: AMD) has benefited from the rise of artificial intelligence (AI). Demand for the company's AI-tailored chips spurred its stock to skyrocket from under $100 per share last year to a 52-week high of $227.30 in March.But after the company announced earnings for its fiscal first quarter, which ended March 30, AMD's shares experienced a drop.
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Metals stocks have been thriving recently, supported by favorable economic data and global market trends. Strong PMI data from China and robust economic fundamentals in the US have propelled commodity prices upward, especially for base metals such as copper and aluminum. Supply constraints in these metals, combined with the London Metal Exchange's ban on Russian-origin metals, have contributed.
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