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Amazon Leaps Over Tesla as Second Most Active Stock Option Amid AI Optimism
Powell Says Economic Strength Gives Fed Ability to Take Time on Rate Cuts
Everything in the US stock market seems quite beautiful before the end of the year.
So far this year, the usa stock market has set 55 historical highs. Goldman sachs experts indicate that the 56th is not far off, as the usa stock market is experiencing a record inflow of funds towards the end of the year. Retail investors have also returned to the market after the Thanksgiving holiday. Moreover, with strong demand for share buyback from usa companies and lower market volatility, the usa stock market is expected to rise even further.
Options Market Statistics: Marvell's Stock Skyrockets on AI Hopes; Options Pop
Tech giants are spending extravagantly, the AI arms race is heating up, and chip stocks are soaring across the board.
The competition among technology giants in AI hardware is intensifying. This week, amazon claimed it would build the world's largest AI computing cluster, followed closely by Meta announcing a $10 billion AI datacenter. There are also reports that xAI, under Elon Musk, is planning to expand its supercomputer project tenfold...
1 million GPUs! Musk plans to expand the Colossus AI supercomputer cluster tenfold, continuing the arms race in AI infrastructure.
The investment required to expand Colossus is estimated to reach hundreds of billions of dollars, while also incurring relatively high costs for construction, power supply, and cooling. However, xAI has raised approximately $11 billion from investors this year.
