Elon Musk, the CEO of Tesla Inc. (NASDAQ: TSLA) and SpaceX, reportedly lobbied the Trump administration to include his AI startup, xAI, in a deal with Sam Altman's OpenAI to build a massive AI data center in Abu Dhabi.
Large-cap stocks usually command their industries because they have the scale to drive market trends.
The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task.
In a sliding market, Snowflake has defied the odds, trading up to $206.89 per share. Its 18.4% gain since November 2024 has outpaced the S&P 500’s 1.9% drop. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Workday (NASDAQ:WDAY) and the best and worst performers in the finance and hr software industry.
Viking Global Investors' billionaire chief sold the most fundamentally attractive member of the Magnificent Seven in favor of a trio of foundational artificial intelligence (AI) stocks.
Expensive stocks often command premium valuations because the market thinks their business models are exceptional.
However, the downside is that high expectations are already baked into their prices, leaving little room for error if they stumble even slightly.
