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.

wallstreetcn18:18 ET

"The most knowledgeable about Apple" analyst Ming-Chi Kuo predicts that there will not be a big change in iPhone 16 orders.

Guo Mingchi poured cold water on the market's optimistic expectations for Apple. He pointed out that the recent financial conference calls of Apple's two major suppliers, Taiwan Semiconductor and Dowlight, hinted that orders for the iPhone 16 may not have increased. He believes that consumer expectations for purchasing the new iPhone 16 for the test version of Apple Intelligence in the second half of this year may be too optimistic.

wallstreetcn17:09 ET

Wall Street Today | Market Faces Second-Day Pullback

The overall market pulled back for the second day in a row Thursday after a semiconductor sell-off Wednesday.

Column16:31 ET

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity

Benzinga13:35 ET

Why Domino's Pizza Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Domino's Pizza, Inc. (NYSE:DPZ) fell sharply during Thursday's session after the company reported mixed quarterly results.The company reported second-quarter FY24 sales growth of 7.1% year-

Benzinga13:19 ET

"The most powerful and cost-effective"! OpenAI releases GPT-4o mini model.

Starting from Thursday, GPT-4o mini will be available to free users of ChatGPT, ChatGPT Plus, and team subscribers, and will be available to ChatGPT enterprise users next week. OpenAI plans to integrate images, videos, and audio into this model in the future.

wallstreetcnJul 18 11:11 ET