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Nvidia's Race With Apple, Ark Invest's Big Moves And AI's Future In Smartphones: Top Updates This Week In Artificial Intelligence
The past weekend was a rollercoaster ride in the tech and investment world. From Nvidia Corp. (NASDAQ:NVDA) inching closer to Apple Inc. (NASDAQ:AAPL) in terms of market capitalization, to Ark Invest
Elon Musk Mocks Steve Jobs, Apple's Potential Deal With OpenAI, Siri's AI Overhaul And More: This Week In Appleverse
The past week has been a rollercoaster ride in the tech world, with Elon Musk taking a dig at Apple Inc. (NASDAQ:AAPL), Apple's reported deal with OpenAI, and the tech giant's plans to revamp Siri. Le
Here's What's Really Bothering Me About the Exploding Nasdaq
The Top US Economic Indicator Every Investor Should Know
On the last trading day of May, US stocks staged a “spectacular reversal in 20 minutes”! Will the offensive continue in June?
In the final trading phase in May, a new round of fluctuations enveloped the US stock market. Amid alternating fluctuations in technology and other industries, buying on dips greatly boosted the market. According to reports, with the help of a strong rebound in US stocks in the last 20 minutes, the benchmark stock index for US stocks, the S&P 500 index, finally rose nearly 1% on Friday, hitting its best monthly performance since February this year. In the last 20 minutes, the S&P 500 index rebounded sharply from a 0.2% drop to close at a rate close to 1%, while the intraday decline was close to 1%. Earlier in the US stock market on Friday, dragged down by large technology stocks, the S&P 500 index
Apple took the lead. In May, US stocks announced repurchases of more than 200 billion US dollars, a record high for the same period
Apple's record buyback program has boosted repurchase activity across US stocks. According to Birinyi Associates data, US listed companies announced a $2010 billion share repurchase plan in May, up more than 41% year over year, setting a record high for that month in history, and the fifth highest since records began. At the beginning of May, Apple officially announced a stock repurchase plan of 110 billion US dollars during the first quarter earnings call, accounting for more than half of the total US stock repurchase plan. Analysts believe that large-scale stock repurchase plans may help support underperforming US stocks since the end of March. Stock repurchases