Tech Stocks Surge Amid AI Euphoria; Bristol Myers

Tech Stocks Surge Amid AI Euphoria; Bristol Myers

Tech stocks led a rally in U.S. markets on Thursday, buoyed by excitement over advancements in artificial intelligence (AI). Alphabet (GOOG, Financial) (GOOGL, Financial) shares jumped following the unveiling of its new Gemini large language model, which is expected to power Google’s AI chatbot, Bard. This move positions Google as a key player in the … Read more

Investor patience tested as pharmaceutical stocks take a tumble

Investor patience tested as pharmaceutical stocks take a tumble

Key Points The Health Care Select Sector SPDR Fund has dropped 3.81% in the last month and 8.03% in the past three months. Pharmaceuticals’ weak earnings reports are contributing to the healthcare sector’s recent underperformance. Bristol Myers Squibb, AbbVie, Merck, Johnson & Johnson, and Pfizer all traded below previous highs due to earnings concerns. 5 … Read more