Billionaire Dan Loeb Sold Third Point's Entire Stake in Alphabet in Favor of One of Wall Street's Priciest (and High-Flying) Artificial Intelligence (AI) Stocks

Year two of Wall Street's bull market rally didn't disappoint investors. When the curtain closed on 2024, the mature stock-driven Dow Jones Industrial Average, broad-based S&P 500, and growth-fueled Nasdaq Composite respectively ended the year higher by 13%, 23%, and 29%.These gains were powered by a confluence of factors, including excitement for stock splits, improved corporate earnings, and even Donald Trump's November victory. Trump's first term in the White House saw the Dow, S&P 500, and Nasdaq Composite climb by 57%, 70%, and 142%, respectively.But among these catalysts, none have been more front-and-center than the rise of artificial intelligence (AI). Incorporating AI into software and systems is a $15.7 trillion addressable market by 2030, based on the forecast of PwC in Sizing the Prize.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool