The ASML share price rose on Wednesday as the company published strong financial results that demonstrated demand in the artificial intelligence industry. It was trading at €846, up by about 67% from its lowest point this year, giving it a market capitalization of over €337 billion. 

ASML earnings download

ASML is a top company in the technology industry that makes large equipment used to manufacture computer chips. It is the only company with the capacity to manufacture lithography tools used by firms such as TSMC, Global Foundries, and Intel in their manufacturing processes. 

ASML has benefited substantially from the ongoing artificial intelligence (AI) boom that has led to a substantial increase in chip demand. 

The company’s results, which were published today, showed that the company made €5.4 billion in bookings in the third quarter, higher than the average estimate of €4.9 billion. 

Read more: Mistral AI secures €1.7 billion as ASML becomes top backer

Its total sales jumped to €7.5 billion in the quarter. It now expects that the fourth quarter revenue will be between €9.2 billion and €9.8 billion, with its gross margin being between 51% and 53%. 

ASML has continued to reward its shareholders. It declared an ordinary dividend of €1.6 per share and repurchased shares worth about €148 million. It has already repurchased shares worth about €5.9 billion in the ongoing €12 billion program. In a statement, the management said:

“In line with our plans to support our customers in the 3D integration space, we shipped ASML’s first product serving Advanced Packaging, the TWINSCAN XT:260, an i-line scanner offering up to 4x productivity compared to existing solutions.”

ASML is fairly valued

ASML stock price has done well in the past few years as demand from the industry soared. This demand will likely continue after the recent announcements in the AI industry. 

For example, Broadcom has reported a backlog of over $455 billion. Nvidia has announced a $100 billion investment in OpenAI, while OpenAI has announced a big investment in AMD. 

Data shows that the company is fairly valued considering its important role in the AI industry. The company has a forward price-to-earnings (P/E) ratio of 35, and a PEG ratio of 0.88. 

ASML share price technical analysis

The daily chart shows that the ASML stock price has rebounded in the past few weeks, moving from a low of €500 in April to €840 today. 

It formed an inverse head-and-shoulders pattern, which is a common bullish reversal sign. It has moved above the important resistance at €742, the pattern’s neckline. 

The stock has also formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. It has also formed a bullish flag pattern and moved above the 61.8% retracement point. 

Therefore, the stock will likely continue rising as bulls target the psychological point at €1,000. A drop below the support at €814 will invalidate the bullish view.

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The Rolls-Royce share price has pulled back in  the past few days, moving from the year-to-date high of 1,195p to the current 1,115p, as investors book profits as they wait for the upcoming trading update in November. So, will the stock crash to 1,000p or rebound to 1,200p?

Rolls-Royce share price technical analysis 

The daily timeframe chart shows that the RR share price has retreated in the past few days, moving from a record high of 1,200p to a low of 1,115p.

This pullback happened as it neared the important resistance level at 1,200p. It is common for a stock to retreat before hitting key resistance levels.

The retreat happened after it formed a rising wedge pattern, which is characterized by two rising and converging trendlines that reached their convergence in September. This pattern is one of the most common bearish reversal signs in technical analysis.

Rolls-Royce share price has also formed a bearish divergence pattern. The Percentage Price Oscillator has moved from 7.7 in March and is about to cross the zero line. Its histogram have remained below the zero line since October 2.

The Relative Strength Index (RSI) has also formed a bearish divergence pattern as it has continued falling even as the stock rose to a record high.

Therefore, the most likely scenario is where the Rolls-Royce stock price continues falling in the near term as investors wait for its earnings. Such a move will likely see it plunge to the psychological level at 1,000p. 

On the flip side, a move above the year-to-date high of 1,196p will point to more gains to 1,200p and above.

Rolls-Royce business is doing well 

The Rolls-Royce stock price has been in a strong uptrend in the past few years as it faced numerous tailwinds across its businesses.

It benefited as the civil aviation industry rebounded after the COVID pandemic. Most airlines have already gone back to their pre-pandemic levels, and orders for new aircraft has jumped in the past few months.

The company’s defense business has continued doing well in the past few years as European companies have boosted their spending.

Most importantly, the Small Modular Nuclear business has become a crown jewel in its operations. It has already inked a deal with the UK government, and chances are that it will enter similar deals with companies, especially in the data center industry. Similar companies in the sector, like Oklo, NuScale, and TerraPower, have received multi-billion-dollar valuations. 

Analysts anticipate that the company’s business will continue growing over time. The average estimate is that its revenue this year will be £19.5 billion, while the free cash flow will hit £3.17 billion. 

These numbers are expected to keep growing, with the revenue set to hit £21.5 billion in 2026, £23.3 billion in 2027, and £25.35 billion in 2028. 

The free cash flow is also expected to be about £3.5 billion, £4.17 billion, and £4.6 billion in the next three years. Barring any major event, chances are that the company will beat estimates as it has done in the past. 

At the same time, while Rolls-Royce is not cheap, its valuation is not all that extended. With a market cap of over £92 billion and an estimated FCF of £3.1 billion this year, the company has a price to FCF multiple of 29. 

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Burberry share price jumped by 6.50% on Wednesday as investors reacted to the latest earnings from LVMH, the biggest company in the industry. BRBY stock jumped by 6% to 1,235p, up from last month’s low of 1,150p.

Burberry share price jumps after the strong LVMH numbers

The main reason why the Burberry stock price has jumped is that LVMH returned to growth in the third quarter. Its revenue rose by 1% to 18.3 billion euros, snapping two quarters of straight declines.

Most of the growth came from its selective retailing, whose revenue jumped by 7%. Its perfumes and cosmetics, and watches and jewelry revenue rose by 2%. This growth was offset by the decline of in the fashion and leather goods.

These results led to a strong surge among luxury goods companies, with Christine Dior, Moncler, and Hermes rising by 13%, 8%, and 7%, respectively. 

The numbers mean that the industry has started to bottom after going through a rough patch in the past few months. The most recent results showed that Burberry sales dropped to £433 million in the first quarter of the year. 

Its comparable store sales dropped by 1% in the same period, much better than the 20% drop in the same period last year. 

The company also hinted that its business this year will be a bit better. However, the management warned that wholesale revenue would be lower this year, partly because of Donald Trump’s tariffs.

The company’s profitability is expected to improve after it announced major layoffs. It expects that its restructuring charge will be about £50 million, while its estimated cost savings will be about £80 million. 

Meanwhile, Burberry’s business is relatively cheaper than its peers because of its slump in the past few years. It trades at 1.8 times 2026 sales, much lower than Kering’s 2.4.

Burberry stock price technical analysis 

The weekly timeframe chart shows that the Burberry stock price has bounced back in the past few months. It formed a double-bottom pattern at 600p and a neckline at 1,247p. A double-bottom is one of the most common bullish patterns in technical analysis.

Burberry stock price has now moved to the neckline at 1,247p. It has also moved above the 50-week and 100-week Exponential Moving Averages (EMA), a sign that bulls are in control.

The stock has also moved above the 38.2% Fibonacci Retracement level at 1,245. Therefore, the stock will likely continue rising as bulls target the key resistance at 1,505p, the highest point this year. 

This price is also along the 50% Fibonacci Retracement point, which is about 20% above the current level. A move above that level will point to more gains to the 61.8% retracement point at 1,725p. A move below the psychological point at 1,000p will invalidate the bullish view.

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The GBP/USD exchange rate remained in a tight range this week as investors focused on the recent statements by Jerome Powell and Andrew Bailey, and the recently released UK jobs numbers. It was trading at 1.3342 on Wednesday, down from the year-to-date high of 1.3790.

Dovish Federal Reserve statements 

The GBP/USD exchange rate was under pressure after Jerome Powell hinted that the Federal Reserve will continue cutting interest rates in the coming meeting, citing the downward risks to the labor market.

Equally important, Powell hinted that the bank will either end or dramatically slow down the quantitative tightening process, which involves reducing the size of the balance sheet. 

Other Federal Reserve officials have hinted that the bank will continue with its cuts. In her statement, Susan Collins, the head of the Boston Fed, said that she supported two more cuts this year. She justified the view noting that inflation risks were contained, but that the labor market was a bigger risk. She said:

“With inflation risks somewhat more contained, but greater downside risks to employment, it seems prudent to normalize policy a bit further this year to support the labor market.”

The next important catalyst for the GBP/USD exchange rate will be statements by some Federal Reserve officials, many who have supported interest rate cuts in the past.

Stephen Moran, who became a Fed governor in September, will likely continue to make the case for more cuts i the next meetings. He was the first governor to vote for a 0.50% cut in the last meeting.

Christopher Waller, another highly dovish official, will continue to make the case for cuts in the coming meetings. Other Fed members to talk will be Raphael Bostic and Jeffrey Schmid. 

The GBP/USD pair will also react to the upcoming Federal Reserve Beige Book, which shows the performance of the key US regions. 

UK GDP data ahead

The other key catalyst for the GBP/USD exchange rate will be the upcoming UK GDP data. Economists expect the data to show that the economy slowed to 1.3% in August from the previous 1.4%. On a MoM basis, the economy is expected to have grown by 0.1% after stalling in July.

The Office of National Statistics (ONS) will also react to the upcoming manufacturing and industrial production numbers.

These reports come two days after it reported weak jobs numbers. In a statement on Tuesday, Andrew Bailey, the BoE Chair hinted that the bank will hold rates steady in the coming meetings as inflation is a big challenge.

GBP/USD technical analysis 

GBPUSD chart | Source: TradingView

The GBP/USD exchange rate has pulled back in the past few weeks. It dropped from a high of 1.3721 in September to the current 1.3350. 

The pair has formed a head-and-shoulders pattern and is now at the neckline. It has retested that neckline. Therefore, the pair will likely continue falling as sellers target the key support at 1.3135, its lowest point on August 1. 

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Tilray stock price surged to the highest point since April last year and then pulled back after its mixed financial results. TLRY’s US shares ended the week at $1.72, down by 26% from its highest point this year. 

Tilray Brands earnings review

The main catalyst for the Tilray stock price was its first-quarter earnings, which came out stronger than expected. In a statement, the company said that its revenue rose by 5% in the quarter to $209.5 million. 

The improvement was notable as the company suffered a big sales decline in the fourth quarter. Q1’s revenue growth was mostly because of the cannabis division, whose revenue rose by 5% to $64.5 million. 

The distribution revenue rose to $74.1 million from the previous $$68.1 million. Its wellness division made $15.2 million, up from $14.8 million. 

On the other hand, the beverage revenue dropped to $55.7 million from $56 million in the same period last year. Worse, the gross margin dropped to 38% from the previous 41%.

Most importantly, Tilray Brands turned a profit in the last quarter, which was a big reversal from the $34 million loss it made in the same period last year. Its adjusted EBITDA jumped by $10 million to $3.9 million. The CEO said:

“Achieving a record Q1 net revenue of $210 million, delivering net income, and fortifying our balance sheet are not just milestones; they are proof points of our commitment to building sustainable growth, operational excellence, and unlocking value for our shareholders.”

The main reason why the Tilray stock price crashed is that the beverage unit posted a revenue decline. This is notable as the division was once seen as its growth engine, and the company has spent millions of dollars in acquisitions in the past few years. 

Cannabis rescheduling will be the next catalyst

The main catalyst for the Tilray stock price will be the cannabis rescheduling news by Donald Trump. While Trump has supported the rescheduling, he has not made the announcement formally. 

That could be a sign that the president is facing rebellion inside his party. Some Republican influencers like Tucker Carlson and the Late Charlie Kirk, have opposed the rescheduling noting that it will make America less safe. 

These risks explain why the options market is pricing in downward risk for the Tilray stock price. This is a major issue as the company has pointed to the rescheduling as the main catalyst for the stock and its business prospects.

Tilray stock price technical analysis

The daily timeframe chart shows the TLRY stock peaked at $2.32 on October 9. It formed a shooting star candle, which is made up of a small body and an upper shadow. A shooting star is one of the most popular bearish reversal patterns in technical analysis.

The Tilray stock’s Relative Strength Index (RSI) has pointed downwards in the past few days. It dropped from the overbought level of 71 to the current 58.

Therefore, the stock will likely continue falling in the near term as sellers target the next key support level at $1. A move above avoiding the resistance level at $2.32 will invalidate the bearish outlook and point to more gains.

What is clear, however, is that the stock will maintain its volatility ahead of Donald Trump’s decision on rescheduling cannabis, a move that will help Tilray expand its cannabis business to the country.

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Pop Mart share price crashed and formed a bearish flag pattern as the hype surrounding the Labubu collectible faded. It also plunged as analysts turned sour on the company after it tripled in the past few months. This article explores whether the stock is a good buy today.

Why the Pop Mart share price has plunged 

Pop Mart stock jumped by over 6% and then pared back some of the losses after Tim Cook, Apple’s CEO, visited one of its stores in China. In a social media post, he noted that he was proud to see a senior designer using its iPad.

Cook’s visit rekindled the interest of the company from investors. It also led some analysts to start thinking of a potential collaboration between the two companies, although no details on this have been shared. Such a collaboration would be good for the company because of the popularity of Apple’s products.

The visit came as analysts turned sour on the Pop Mart share price. In a recent note, JPMorgan analysts slashed their target from  H$400 to H$300, citing its elevated valuation and the fact that the Labubu craze was running out of steam. 

The most recent data shows that the company has a trailing price-to-earnings (P/E) ratio of 46 and a forward multiple of 25, higher than comparable companies. It is also higher than the Hang Seng Index average. 

Sales growth to decelerate

The most recent results showed that the Labubu craze helped the company achieve strong results. 

Its numbers showed that its revenue jumped by 204% to RMB 13 billion in the first six months of the year. This growth made it the fastest-growing company in the Hang Seng Index and in China. Its growth momentum was also much higher than that of companies in industries like artificial intelligence and quantum computing.

Pop Mart’s results showed that its operating profit rose by 234% to RMB 9.7 billion, while the net profit soared by 385% to RMB 4.57 billion. The soaring Labubu sales also helped to boost its gross and net profit margin to 70.3% and 33.7%.

In addition to its Labubu product, the company benefited from its other products, especially Molly, SkullPanda, Cry Baby, Hirono, and Dimoo. Its growth was also because of its store openings globally. It added 41 new stores, bringing the total to 571 stores across 18 countries.

Read more: Pop Mart shares fall on China’s blind-box alert, but analysts see global growth ahead

Pop Mart stock price analysis 

Pop Mart stock chart | Source: TradingView

The daily timeframe chart shows that the Pop Mart share price peaked at $339 in September, much higher than the year-to-date low of $79.95. It has recently moved below the 50-day moving average, sign that the stock was losing momentum. 

Pop Mart share price is now forming a bearish flag pattern, which is made up of a vertical line and a channel. This pattern often leads to more downside over time. 

Therefore, the most likely scenario is where the stock makes a bearish breakout and hits the psychological point at $200, which is about 25% below the current level.

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XRP price crashed to a low of $2.5440, down by over 30% from the year-to-date high. Ripple was trading at $2.5485, up sharply from last Friday’s low of $1.7768. This article explores whether XRP is a good investment as the XRPR ETF nears a $100 million milestone. 

XRPR ETF growth is accelerating

The recently launched REX-Osprey XRP ETF (XRPR) is firing on all cylinders. It has achieved over $92 million in assets, less than a month after its launch, a sign that there is robust demand from institutional investors. 

XRPR ETF has gained assets despite its high expense ratio of 0.75%. In contrast, most spot Bitcoin ETFs have a ratio of less than 0.25%. As such, its continued inflows is a sign that there is substantial demand for the coin from institutional investors. 

The Teucrium 2x XRP ETF (XXRP) has also had substantial inflows in the past few months and now has over $355 million in assets under management.

These ETFs mean that the spot XRP ETFs by more mainstream companies like Franklin Templeton, Invesco, and Bitwise will be more popular in Wall Street if the Securities and Exchange Commission (SEC) approves them after the government shutdown ends.

Analysts expect that XRP ETFs will have billions in inflows and assets in the first year of launch. JPMorgan analysts expect the funds will have over $8 billion in inflows in the first year. 

American investors have had substantial interest in the crypto industry. Spot Bitcoin ETFs have had over $62.4 billion in inflows since their inception, while Ethereum funds have had over $14.48 billion in inflows. The two have over $130 billion and $28.75 billion in assets under management.

XRP price chart | Source: TradingView

Other catalysts for the Ripple price 

The other main catalyst for the XRP price is the ongoing stablecoin growth. Data shows that the Ripple USD (RLUSD) stablecoin has over $839 million in assets, a robust growth for a coin that was launched late last year. RLUSD is widely used, with its daily volume being $105 million.

RLUSD’s success is important because some of the supply is in the XRP Ledger network. It is also notable that after Donald Trump signed the GENIUS Act.

There are other catalysts, including its growing market share in the RWA industry, where its total assets have jumped to $361 million, up by 3.39%. Some of the top RWA assets in the platform are VERT Capital, RLUSD, OpenEden Digital, Archax, Ondo, and Braza Crypto.

XRP price technical analysis

XRP price chart | Source: TradingView

The daily timeframe chart shows that the XRP price has plunged in the past few weeks, moving from a high $3.6650 to $2.53. It has moved below the 50-day and 200-day Exponential Moving Averages (EMA).

The coin has formed a giant hammer candlestick, which is a common bullish reversal pattern. Still, the most likely scenario is where the token resumes the downward trend and move to the support at $2. A move above the resistance point at $2.84, the 200-day moving average will invalidate the bearish view.

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Aston Martin share price has come under pressure since its initial public offering as the company has continued burning cash. AML was trading at 64.5p on Monday, down by over 90% from its highest point after its initial public offering. So, is it safe to buy this vehicle stock?

Aston Martin Lagonda is the real burning platform

Tufan Erginbilgic, the highly successful CEO of Rolls-Royce Holdings, described his company as a burning platform shortly after he became CEO in 2023. His view was that the company was incinerating cash at a rapid pace. 

Since then, he has turned around the company and made it one of the best-performing players in the FTSE 100 Index. It has also become a company with a valuation of over $128 billion, making it the biggest industrial firm in the UK. 

The term ‘burning platform’ is the best one to describe Aston Martin Lagonda, a company that makes popular and highly expensive vehicles, including those of Aston Martin fame. 

Data shows that all Aston Martin vehicles sold since 2014 have lost the company money. The average cash lost in this period was about £42,000, meaning that the company has lost over £2.8 billion. 

The huge subsidy has been funded by equity and debt. Data shows that the shares outstanding jumped to over 1.01 billion, up from 310 million in 2021. 

It will likely need more capital in the coming months, with analysts at JPMorgan predicting that it will burn £360 million this year and £230 million in the first half of last year. JPM sees the company raising at least £200 million in the next few months.

The most recent trading update showed that the company delivered 1,430 wholesale units in the third quarter. These units were much lower than what the company was expecting. It blamed the fall to weaker-than-expected demand from the United States as Donald Trump’s tariffs made its vehicles more expensive. 

The management also warned that the company will not meet its target for the year and the fourth quarter. 

Its first half results showed that the company’s revenue plunged by 25% to £454 million, while its gross profit and margin tumbled to £126 million and 27.9%, respectively. Its EBIT was minus £121 million, a big drop from the previous £99 million. 

Aston Martin stock price technical analysis 

The weekly chart shows that the Aston Martin share price peaked at 850p in 2021 to the currently 64.55p. Its attempts to recover found substantial resistance at 395p, its highest point in June 2023.

AML stock has remained below the 50-week and 100-week Exponential Moving Averages (EMA). It has also formed a bearish flag pattern and an inverse cup-and-handle pattern. 

Therefore, the most likely situation is where the stock continues falling, with the next point to watch being at 50p. A move above the resistance at 87.75 will invalidate the bearish outlook. 

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The Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is having a good year, with inflows rising and its stock jumping to a record high. It peaked at $52.80 on Friday, up sharply from the all-time low of $31.54. This article explores whether the 10% yielding GPIQ ETF is a good buy.

What is the GPIQ ETF and how does it work?

GPIQ ETF is Goldman Sachs’ answer to the JPMorgan Nasdaq 100 Premium Equity ETF (JEPQ), the $30 billion fund. It is a fund that aims to provide investors an exposure to the tech-heavy Nasdaq 100 Index and then generate yield. 

The fund generates a return by embracing a dynamic options ‘overwrite’ strategy, where it sells call options on a varying percentage of the market performance. 

A call option is a transaction that gives investors the right to buy an asset at a certain price before it hits the strike price. A call transaction comes with a premium, which the company uses to pay its shareholders. The premium rises when the market is highly volatile. 

Using the covered call approach has an advantage in that shareholders receive a monthly return in all market conditions. When the Nasdaq 100 Index is flat, its return will be positive as the fund will still make money from the options premium. 

Similarly, the ETF also generates an income when the Nasdaq 100 Index is in a downtrend. However, a major risk happens when the Nasdaq 100 Index rises and crosses the strike price. 

GPIQ vs JEPI vs QQQM ETFs performance

The GPIQ ETF has an expense ratio of 0.29%, which is better than JEPQ’s 0.35%, making it more ideal to investors. The two funds also have a similar dividend yield of about 10%. 

The best way to identify the better ETF to buy is to consider its total return. Data compiled by Seeking Alpha shows that the JEPQ ETF has returned 16% in the last 12 months. In contrast, the GPIQ fund has returned about 20% in the same period.

The same thing is happening this year as the GPIQ ETF has had a total return of 16% compared to JEPQ’s 10%. 

Still, history shows that investing in a generic fund like Invesco QQQ is a better approach than covered call funds like GPIQ and JEPQ. For example, QQQ ETF has had a total return of 18.20% this year, higher than GPIQ and JEPQ’s 16% and 10%. 

QQQ has returned 22% this year, compared to GPIQ and JEPQ’s 20% and 16% and 20%, respectively. As such, while the GPIQ ETF is a better fund than JEPQ. History shows that the pure QQQ ETF is a better fund to own.

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The S&P 500 Index and its ETFs, like SPY and VOO suffered a harsh reversal on Friday as the Fear and Greed Index moved to the fear zone after Donald Trump unveiled new tariffs on China. It plunged to a low of $6,552, its lowest level since September 11 and 3% below the highest level this year. This article looks at the top catalysts for the index this week.

US and China trade war 

The main catalyst for the S&P 500 Index and its ETFs, like VOO and SPY is the ongoing trade war between the US and China, which escalated on Friday.

This crisis has been simmering in the past few weeks as China made major announcements targeting US companies. For example, after the US allowed Nvidia to start shipping the H20 chips to China, Beijing launched an investigation, and ultimately asked companies not to use those chips.

China has insisted that its companies should use local semiconductors, which authorities believe are equally good. Its goal is to become self-reliant as the US has used chips as a trade weapon before.

The country launched an investigation into Qualcomm last week and then announced some tariff measures, including on ships docking from the United States. Most importantly, China is no longer buying soybeans from the US and put measures to reduce export of rare earth materials.

As a result, Donald Trump announced a 130% tariff on goods brought from China and export controls on crucial software, leading to the stock market crash on Friday. Therefore,  the S&P 500 Index will react to more trade news from the US and China.

US earnings season 

The other major catalyst for the S&P 500 Index will be the second quarter earnings season, which will start on Tuesday when companies like JPMorgan, Johnson & Johnson, Wells Fargo, Goldman Sachs, and Citigroup publish their results.

A report by FactSet notes that the estimated growth rate for the S&P 500 Index is about 8%, which will mark the ninth consecutive quarter of earnings growth. However, the report also predicted that the real earnings growth will be above 13%, which will mark the fourth straight quarter of double-digit growth. It noted:

“The actual earnings growth rate has exceeded the estimated earnings growth rate at the end of the quarter in 37 of the past 40 quarters for the S&P 500. The only exceptions were Q1 2020, Q3 2022, and Q4 2022.”

US government shutdown news

The other notable catalyst for the S&P 500 Index and its ETFs, like VOO, IVV, and SPY this week will be the government shutdown, which has now entered the third week.

This shutdown was triggered by the disagreements between Democrats and Republicans on how to fund the government. Republicans prefer a clean spending bill, while Democrats want to attach healthcare and Medicare to the spending package.

Analysts believe that the continued shutdown will have an impact on the economy since the government is a major spender in the US. It will also worsen the labor market, which has been deteriorating in the past few months. 

This shutdown could, therefore, be a good thing for the S&P 500 Index because it will lead to more interest rate cuts by the Federal Reserve, which has already been slashed in the last meeting. This is one reason why US bond yields tumbled, with the 10-year falling to 4%.

AI news to move the S&P 500 Index 

Meanwhile, the stock market will react to the latest news on artificial intelligence (AI), which has driven the gains in the past few months. 

One of the key AI news to watch will come from ASML and TSMC, which will publish their financial results on Tuesday and Wednesday.

Traders will also react to any major announcements from companies like OpenAI, Microsoft, and Google as there are lingering fears that we are in an AI bubble.

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