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AI is everywhere in the product. But revenue growth is decelerating, from 16% to 13% to 12% guided. The productivity benefits are arriving for users and end-consumers of AI, though it's not hitting the income statement (at least yet) for most companies.
Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 668 shares, an increase of 19.9% from the March 15th total of 557 shares. Approximately 0.1% of
Thanks to profound leaps in digital innovation, companies such as Nvidia Corp NVDA and Microsoft Corp MSFT managed to secure the vaunted $3 trillion valuation. Of course, much of this achievement has to do with their advancement of artificial intelligence.
As the Nasdaq-100 continues to push higher, it doesn't appear as though certain hedge funds are sensing any frothiness. Per a Reuters report, hedge funds continue to load up on technology stocks as rate cuts loom.
It almost goes without saying that artificial intelligence (AI) has been a hot ticket item for short-term traders to capitalize on in the 2024 rally, but with volatility forthcoming, it's best to stay flexible. The general consensus is that the long-term trend will benefit AI.
The momentum of tech stocks don't appear to be waning as the hype around artificial intelligence (AI) continues to garner investor interest. Given that, Direxion Investments has three leveraged ETFs to capture the ongoing upside.
When it comes to investing themes, none has captured the imagination of investors more than the artificial intelligence (AI) trend. In turn, the theme is also capturing a lot of investment capital.
On Wednesday, Direxion released a pair of dueling ETFs. They are the Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and the Direxion Daily AI and Big Data Bear 2X Shares (AIBD) ETFs.
SEC filings for AIBU aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.