Zoom (NASDAQ: ZM) is looking to expand beyond video conferencing notoriety by introducing a slew of artificial intelligence (AI) driven productivity tools. These new AI features include meeting summaries, email drafts, and more to its video conferencing app through its Zoom IQ assistant.In a blog post, Zoom announced a collaboration with AI darling OpenAI in effort to expand and improve its Zoom IQ offering, evolving...
Alibaba (NYSE: BABA) said Tuesday that it is embarking on the "most significant government overhaul" in the company's 24-year history as it splits into six business groups, each with their own CEO and ability to go public.The Chinese e-commerce giant said in a statement the move is "designed to unlock shareholder value and foster market competitiveness."

Two semiconductor exchange-traded funds (ETF) have posted their best quarterly performances since 2020 as investors bet chipmakers are on the rebound as interest in artificial intelligence (AI) gains momentum.

The VanEck Semiconductor ETF (NASDAQ: SMH) has risen over 30% year-to-date, while the iShares Semiconductor ETF (NASDAQ: SOXX) has climbed 29% this quarter, marking their best respective quarterly performances since 2Q and 4Q of 2020.

That broader market outperformance -- as the S&P 500 (NYSE: SPY) and Nasdaq Composite (NASDAQ: QQQ) have only risen roughly 7.5% and 21%, respectively, in the first quarter -- was driven by outstandingly strong performances from chipmakers including Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC) and Micron Technology (NASDAQ: MU).

Standing out from its peers, Nvidia has risen over 94% year-to-date, soaring over 22% in the month of March alone, as the stock posts its best quarterly performance since the fourth quarter of 2001.

Much of Nvidia's gains come from investor optimism that the chipmaker is going to become an industry leader for the hardware that powers AI technology.

This week, Bernstein analyst Stacy Rasgon reiterated the firm's Outperform rating Nvidia and raised the stock's price target to $300 from $265 as the firm becomes increasingly bullish towards the chipmak...

First Citizens to Buy Large Portion of S... First Citizens (NASDAQ: FCNCP) has agreed to buy a large portion of Silicon Valley Bank, the U.S. Federal Deposit Insurance Corporation (FDI...
First Citizens to Buy Large Portion of S... First Citizens (NASDAQ: FCNCP) has agreed to buy a large portion of Silicon Valley Bank, the U.S. Federal Deposit Insurance Corporation (FDI...
First Citizens to Buy Large Portion of S... First Citizens (NASDAQ: FCNCP) has agreed to buy a large portion of Silicon Valley Bank, the U.S. Federal Deposit Insurance Corporation (FDI...
First Citizens to Buy Large Portion of S... First Citizens (NASDAQ: FCNCP) has agreed to buy a large portion of Silicon Valley Bank, the U.S. Federal Deposit Insurance Corporation (FDI...
Block Shares Fall After Hindenburg Resea... Shares of Block (NYSE: SQ), the payments platform formerly known as Square, tumbled on Thursday after Hindenburg Research entered a short po...
Block Shares Fall After Hindenburg Resea... Shares of Block (NYSE: SQ), the payments platform formerly known as Square, tumbled on Thursday after Hindenburg Research entered a short po...
Block Shares Fall After Hindenburg Resea... Shares of Block (NYSE: SQ), the payments platform formerly known as Square, tumbled on Thursday after Hindenburg Research entered a short po...
Block Shares Fall After Hindenburg Resea... Shares of Block (NYSE: SQ), the payments platform formerly known as Square, tumbled on Thursday after Hindenburg Research entered a short po...
Apple, Microsoft Combined Account for Ov... The combined weight of Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MFST) in the S&P 500 (NYSE: SPY) is at its highest level since at least 1...
Apple, Microsoft Combined Account for Ov... The combined weight of Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MFST) in the S&P 500 (NYSE: SPY) is at its highest level since at least 1...
Apple, Microsoft Combined Account for Ov... The combined weight of Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MFST) in the S&P 500 (NYSE: SPY) is at its highest level since at least 1...
Apple, Microsoft Combined Account for Ov... The combined weight of Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MFST) in the S&P 500 (NYSE: SPY) is at its highest level since at least 1...
UBS Agrees to "Emergency Rescue" of Cred... Over the weekend, UBS (NYSE: UBS) took over Credit Suisse for more than $3 billion as Swiss regulators organized the largest banking deal in...
UBS Agrees to "Emergency Rescue" of Cred... Over the weekend, UBS (NYSE: UBS) took over Credit Suisse for more than $3 billion as Swiss regulators organized the largest banking deal in...
UBS Agrees to "Emergency Rescue" of Cred... Over the weekend, UBS (NYSE: UBS) took over Credit Suisse for more than $3 billion as Swiss regulators organized the largest banking deal in...
UBS Agrees to "Emergency Rescue" of Cred... Over the weekend, UBS (NYSE: UBS) took over Credit Suisse for more than $3 billion as Swiss regulators organized the largest banking deal in...
Virgin Orbit Plans Potential Insolvency... Richard Branson's smaller space venture Virgin Orbit (NASDAQ: VORB) is reportedly in talks with potential investors it seeking to avoid inso...
Virgin Orbit Plans Potential Insolvency... Richard Branson's smaller space venture Virgin Orbit (NASDAQ: VORB) is reportedly in talks with potential investors it seeking to avoid inso...
Virgin Orbit Plans Potential Insolvency... Richard Branson's smaller space venture Virgin Orbit (NASDAQ: VORB) is reportedly in talks with potential investors it seeking to avoid inso...
Virgin Orbit Plans Potential Insolvency... Richard Branson's smaller space venture Virgin Orbit (NASDAQ: VORB) is reportedly in talks with potential investors it seeking to avoid inso...
SHEIN May IPO Later This Year, Shake Up... Chinese online fashion retailer SHEIN is seeking an initial public offering (IPO) in the second half of this year,
SHEIN May IPO Later This Year, Shake Up... Chinese online fashion retailer SHEIN is seeking an initial public offering (IPO) in the second half of this year,
SHEIN May IPO Later This Year, Shake Up... Chinese online fashion retailer SHEIN is seeking an initial public offering (IPO) in the second half of this year,
SHEIN May IPO Later This Year, Shake Up... Chinese online fashion retailer SHEIN is seeking an initial public offering (IPO) in the second half of this year,

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