Last week was The best week of the year on the stock market - thanks to youFederal Reserve gives investors hope for interest rate cuts still to come.
We have already seen how artificial intelligence has revolutionized the technology sector and markets. Here's what to watch in the markets this week.
GameStop Earnings
Global video game retailer GameStop will release its earnings report on Tuesday. The company intends to diversify its production, since its video game business has become obsolete.
GameStop Stock Peaked in 2021 when a group of small investors, encouraged by the Reddit WallStreetBets community and helped by a Elon Musk tweet, caused the shares to skyrocket 1,000% in two weeks. The price reached an all-time high of $483 per share.
GameStop hasn't seen significant growth for some time; It now trades at around $13 per share. It will be important to monitor revenue performance and operating margins in the next report as they may affect the share price.
AI Stock Rally Continues to Rise
Google, Apple, Microsoft โ everyone wants a piece of AI.
Apple wants to integrate AIAlphabet, Google's parent company, is already working on it, and AI chip companies like Nvidia and Micron are experiencing surges in stocks, and the hype is unlikely to die down anytime soon. In fact, you could just extend outward.
Apple, Alphabet, Nvidia and Micron were the star stocks last week, ending the week with jumps of 0.5%, 2%, 3% and 0.3%, respectively.
Don't forget Trump
Donald Trump's Truth Social merged with Digital World Acquisition Company on Friday, which could mean a billion-dollar windfall for the former president as he attempts to return to the White House.
DWAC shares quickly fell 12%. Now, the newly merged company, Trump Media, will begin trading on Monday under the new stock symbol DJT.
