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Jim Cramer Supports Megacaps for the Long Term, Even as Wall Street Continues to Sell
As megacaps continue to decline, CNBC’s Jim Cramer said he remains optimistic about their prospects in the long run.
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.
Top 20 US stock trading volume on July 18: a well-known analyst said that orders for the Apple iPhone 16 may not have increased.
On Thursday, Nvidia, the top-performing stock in trading volume, rose 2.8%, partially recovering from the huge losses suffered on Wednesday, with a transaction value of $38.113 billion. As of the close of trading on Thursday, the stock had fallen more than 6.3% and may record a decline this week. Tesla, in second place, rose 0.29%, with a transaction value of $27.806 billion. According to the California New Car Dealers Association (CNCDA), Tesla's sales in California in the second quarter of 2024 sharply fell by 24%. The CNCDA reported on Thursday that Tesla's car registration in California has dropped 17% so far this year compared to last year, despite Tesla's.
Adobe SVP Mark Garfield Resigns to Pursue New Opportunity
During the period of Amazon Prime membership, online sales in the United States reached a record-breaking $14.2 billion.
According to Adobe Analytics, during Amazon's 48-hour Prime Day event, online spending in the United States surged 11% year-on-year to reach $14.2 billion, exceeding expectations and setting a new record. The institution said that the strong performance of retail sales was driven by back-to-school shopping peaks and a "clear product update cycle", as a large number of consumers sought to snap up new tablets, televisions, and Bluetooth speakers. The institution said that this year's retail trends have changed compared to last year. Last year, shoppers struggling with inflation tended to use discount events to stockpile food and other household items.
Amazon Prime Day Boosts US Online Sales to Record $14.2 Billion, Adobe Says
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Earning Lunch Money : cool. So we shd b able to see significant progress tmr ?