Goldman Sachs' top stock analyst: AI will not trigger an economic revolution, the bubble will burst eventually.

Jim Covello believes that the economic benefits brought by AI are not even comparable to those of smart phones and the internet; AI replaces low-paying jobs with expensive technology, which is completely opposite to the technological transformation that has occurred in the technology industry in the past thirty years.

wallstreetcn07:47

Ansys, Nvidia, and Super Micro Partner To Boost Simulation Efficiency

Ansys Inc (NASDAQ:ANSS) is partnering with artificial intelligence server company Super Micro Computer, Inc (NASDAQ:SMCI) and Nvidia Corp (NASDAQ:NVDA) to provide turnkey hardware solutions that dramatically accelerate Ansys multiphysics simulation capabilities.

Benzinga01:09

Top 20 turnover: Apple fell more than 2%, and well-known analyst said that the order for iPhone 16 may not increase; Eli Lilly and Co fell again by more than 6%, with a cumulative decline of nearly 10% in two days.

On Thursday, Nvidia, the top stock in trading volume, rose 2.8%, with a turnover of $38.415 billion. Tesla, the second highest, rose 0.29%, with a turnover of $27.937 billion. Apple, the third highest, fell 2.03%, with a turnover of $14.863 billion.

Sina Finance07:22

US stocks closed with the Dow falling more than 1% ending a six-day consecutive rise, while the Russell 2000 fell nearly 2%; Taiwan Semiconductor narrowly rose, and Nvidia rose nearly 3%.

Nasdaq and S&P fell more than 1% in intraday trading, and the Dow fell 1.3%, halting its six-day winning streak without reaching a new high. Russell small-cap stocks, which had been overbought to their highest level since 2017, have fallen for two consecutive days.

wallstreetcn07:13

Super Micro Computer Options Spot-On: On July 18th, 210.55K Contracts Were Traded, With 426.44K Open Interest

On July 18th ET, $Super Micro Computer(SMCI.US)$ had active options trading, with a total trading volume of 210.55K options for the day, of which put options accounted for 50.35% of the total

Futu News04:30

What's Going On With Super Micro Computer Shares Today?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) are trading lower on Thursday. The decline is part of a broader selloff in the semiconductor and hardware sectors, which have been experiencing

Benzinga03:41