A Closer Look
This past week, the stock market saw continued gains, with the S&P 500 and Dow Jones Industrial Average reaching new record highs. Despite a higher-than-expected inflation report, interest rate expectations remained unchanged, with traders still anticipating a rate cut in November.
However, Chinese stocks experienced their worst weekly performance of the year, as investor sentiment was dampened by the lack of expected stimulus measures.
Palantir's Shyam Sankar on AI Implementation: Palantir CTO Shyam Sankar believes companies should embrace hands-on AI implementation instead of relying on consultants.
Shiba Inu has surged 39% in the last month, with traders predicting further gains driven by bullish chart patterns and increased community activity.
Josh Brown highlighted significant call-buying in Nvidia, suggesting institutional investors expect the stock to rise above $190 by March 2025.
Analyst Pierre Ferragu outlines scenarios for Tesla's future valuation, ranging from $1.4 to $4.7 trillion based on the success of its FSD and Robotaxi programs.
Cannabis investor Ross Gerber believes a "tsunami of money" will pour into cannabis companies upon federal legalization.
Google Faces Potential Breakup as DOJ Moves to Curb Search Dominance: Alphabet Inc. faces a potential breakup as the DOJ considers measures to curb its search dominance.
Rivian Automotive lowered its annual production forecast by up to 18% after a miscommunication with a supplier led to a shortage of essential components.
Chinese stocks, including Alibaba and Baidu, tumbled as investors reacted to the lack of aggressive fiscal stimulus.
Goldman Sachs predicts Hurricane Milton will negatively impact Disney's attendance and revenue.
SEC Chair Gary Gensler expresses doubts about the future of cryptocurrency, stating that leading figures are either in jail or awaiting extradition.
For more in-depth analysis and breaking news, follow Benzinga on Twitter.