Traders chase gains in artificial-intelligence related stocks
- Technology shares fall, but not as much as the broader market
- Traders focus on artificial-intelligence related stocks
- Nvidia’s stock reaches highest levels since August
- AI stocks have strong earnings-growth prospects
- Tesla includes clause in Cybertruck terms of service to prevent early resale
- Google files lawsuit against scammers targeting small businesses’ social media accounts
Shares of technology companies fell, but not by as much as the broad market, as traders chased gains in artificial-intelligence related stocks. Nvidia, a maker of high-end chips used for AI applications, saw its stock reach its highest levels since August after a significant selloff in the third quarter. These ‘high-flying’ AI stocks also have some of the best earnings-growth prospects in the coming quarters, according to J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. In other news, Tesla surprised customers with a clause in the terms of service for its Cybertruck, stating that owners agree not to sell or attempt to sell the truck within the first year of delivery. Additionally, Google has filed a lawsuit against scammers who are taking advantage of the growing interest in artificial-intelligence tools to steal social media account passwords from U.S. small businesses.
Factuality Level: 7
Factuality Justification: The article provides information about the performance of technology companies and the reasons behind it. It also includes quotes from a financial advisor and mentions a surprising clause in Tesla’s terms of service. However, it lacks specific details about the alleged scam and does not provide any evidence or further information about the lawsuit filed by Google.
Noise Level: 3
Noise Justification: The article contains relevant information about the performance of technology companies and the rise of AI stocks. However, it also includes unrelated information about Tesla’s terms of service and Google’s lawsuit, which are not directly related to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: Shares of technology companies
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the performance of technology companies and the impact on their shares. There is no mention of an extreme event or any specific impact rating.
Public Companies: Nvidia (NVDA), Tesla (TSLA), Google (GOOGL)
Key People: J.D. Joyce (President of Joyce Wealth Management)
Reported publicly:
www.marketwatch.com 
