The true reason behind the panic sell of the tech giants associated with AI, especially NVIDIA, was, there was no profit made from the crazy AI investment so far. Now that there is a stronger competitor who has much lower cost will mean those giants will most likely suffer great loss.
🌟🌟🌟$Energy Select Sector SPDR Fund(XLE)$ has risen 143% since President Biden took office in January 2021 through to May 30 2024 according to Morningstar Research. That is about 3 times the total return of $SPDR S&P 500 ETF Trust(SPY)$ in the same time frame. In contrast the technology sector which is in second place, does not even come close. It has a total return of 67% in that time. The energy sector has offered returns that equals those from the Technology, Industrial and Financial Sectors combined. The reasons behind the spectacular rise in the Energy sector stocks are the Corona Virus Pandemic, OPEC's response to it as well as the US san
SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming Hallow
They called Woods the lady Buffett or something like that. Look at the market performance with the imminent QE quitting and rate hike, I can't help thinking of Buffett's favourite quote "only when the tide goes out do you discover who's been swimming naked." How true it is!