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

TSM, Nvidia, Tesla Climb Thursday Morning | Herd on Wall Street

Morning traders, happy Thursday, July 18th we celebrated the grand opening of the moomoo JC office today! My name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.

ColumnJul 18 10:34 ET

Today's Morning Movers and Top Ratings: TSM, UAL, DPZ, BX and More

Domino's Pizza's shares tumbled over 12% on weak second-quarter results. U.S. comparable store sales growing less than forecast. Check out how TSM, United Airlines, and Blackstone's stocks are moving today.

Movers and ShakersJul 18 09:00 ET · Movers

Semiconductor Stocks Plunge: Opportunity or Risk?

Semiconductor stocks suffered a brutal sell-off on Wednesday, with the Philadelphia Semiconductor Index dropping nearly 7%, marking its worst performance since 2020.

Moomoo News GlobalJul 18 07:48 ET · Editors' Picks