Strip Out AI and the S&P 500 Looks Very Different, Goldman Index Shows

The S&P 500 has gained 18.3% in six months, against 6.7% for Goldman Sachs’ index excluding artificial intelligence (AI) enablers. A chip-led AI rally pushed the benchmark to a record, while that index sits 6.4% below its high. The S&P 500 and Nasdaq Composite both closed at records on Tuesday. Goldman’s ex-AI index, by contrast, […]

Wells Fargo Hands Meta a $1,000 Target and a Warning About 2027 Earnings

Wells Fargo raised its Meta Platforms stock price target to $1,000 from $796 this week. The new figure ranks among the highest targets on Wall Street. The bank kept its overweight rating. However, the same note expects Meta’s earnings to bottom out before its artificial intelligence (AI) push shows up in estimates. Wells Fargo Doubles […]

ENJ Plummets 10.03%, Is $0.03031 the New Normal?

The crypto market just witnessed a sharp move as Enjin Coin (ENJ) plummeted 10.03% in just 60 minutes. Currently, ENJ trades at $0.03031, down from a recent price of $0.03369. This decline reflects a growing sense of uncertainty among traders, particularly in light of the broader market’s mixed signals. What Went Down In the last […]