A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.
Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person’s entire fortune in one morning.
The stock is on pace for its second-best day on Wall Street ever.
Large technology stocks flails as lower interest rates appear on deck and investors view a Trump presidency as increasingly likely.
“You can’t align the stars any better for a BTC price acceleration” than Trump’s economic blueprint, according to Cuban, who simultaneously predicted the decline of the dollar under Trump.
Tesla stock, viewed by analysts as a beneficiary of a Trump Administration, gained 5% in the first day of trading after its CEO Elon Musk endorsed Trump following the attempt on Trump’s life.
Apple can generate a whopping $485 billion in iPhone revenues over the next two years as users upgrade to AI-enabled devices, according to Morgan Stanley analyst projections.
Amazon is a $2 trillion company for first time ever
Analysts expect Microsoft and Nvidia to become more profitable than Apple before the end of the 2020s.
It’s Apple stock’s best day since October 2022.