Goldman Sachs says to buy the dip in AI

September 19, 2024

The AI Investing Pulse

September 19th, 2024

Goldman Sachs says to buy the dip in AI - Fortune

Artificial intelligence-related stocks have taken a beating recently, but with lower interest rates on the way and fundamentals remaining strong, Goldman trading desk thinks it’s time to buy the dip.

WEEKLY AI STOCK IDEAS

  • Nvidia (NVDA), ServiceNow (NOW), Dell (DELL) - Barchart

    5 'Strong Buy' AI stocks that could benefit from a Fed rate cut.

  • Coherent (COHR) - 24/7 Wallst

    Small AI stock ($11.5B) taking advantage of the growth of components that link GPUs across clusters.

  • Atlassian (TEAM) - The Motley Fool

    Down 64% to buy on the dip according to Wall Street.

THE MARKET

INDEX

TICKER

WEEKLY

Nasdaq 100

QQQ

0.60%

S&P 500

SPY

1.26%

TOP AI STOCKS & ETFs

STOCKS & ETF

TICKER

WEEKLY

Symbotic

SYM

28.90%

Ginkgo Bioworks

DNA

18.75%

Themes Gen AI ETF

WISE

1.55%

ROBO Global ETF

THNQ

1.37%

AI STOCKS & ETFs NEWS

  • Microsoft announces updates to AI-powered 365 Copilot  - SiliconAngle

    The updates include autonomous agents designed to improve productivity and streamline workflows for users.

  • What investors need to know ahead of the Tesla robotaxi event - IBD

    The event outlined key strategies that could significantly impact Tesla's growth and market position in the coming years.

  • 20 trending AI stocks - Insider Monkey

    These AI stocks are based on the latest news and analyst ratings and are also popular among hedge funds.

AI STARTUPS

  • Salesforce Ventures doubles AI commitment to $1bn with new fund - Global Venturing

    It has formed a second $500m fund, having invested in two dozen artificial intelligence startups, including Anthropic, Mistral and Cohere, in the past 18 months.

  • AWS selects 7 generative AI startups from India - Indian Startup News

    Seven innovative generative AI startups from India have been selected for a global accelerator program by AWS. This initiative aims to foster growth and collaboration within the rapidly evolving AI landscape.

  • Where healthcare AI startups are raising venture capital funding - Yahoo Finance

    Healthcare AI startups are increasingly attracting significant investments as they innovate solutions to enhance patient care and streamline operations.

  • BlackRock, Global Infrastructure Partners, Microsoft, and MGX launch new AI partnership - Businesswire

    This collaboration aims to leverage AI technology to enhance operational efficiencies and scaling capabilities within this critical sector.

  • Blockchain AI market: 2024-2031 growth forecast and key insights - OpenPR

    Key factors influencing this growth include innovations in AI algorithms and the integration of blockchain for enhanced security and transparency.

  • Tech and AI investing trends: a stock picker's take - SeekingAlpha

    Tony Kim, BlackRock portfolio manager says: “Maybe in the next two years, we are overestimating the impact of AI, but in the 10 years we might be underestimating the impact of AI”.

  • IDC: AI will contribute $19.9 trillion to the global economy through 2030 and drive 3.5% of global GDP in 2030 - IDC

    Every dollar spent on AI will generate $4.60 into the global economy.

OTHER

  • Survey: how investors are using generative AI - The Motley Fool

    Respondents shared insights on how AI is influencing decision-making and portfolio management practices in the investment landscape.

  • 8 most accurate stock predictors for 2024 - Techopedia

    Here are the most accurate stock predictors paying close attention to key metrics such as win rates, subscription fees, supported assets and more.