Wall Street

According to a report by the Financial Times today, JPMorgan Chase has begun to launch a generative AI product within the company and told employees that this "own version of ChatGPT" can complete the work of research analysts. ▲ Source JPMorgan Chase The report quoted an internal memo from JPMorgan Chase saying that the company has provided a large language model platform called LLM Suite to employees in its asset and wealth management department. Executives told employees that LLM Suite can help them write, generate ideas and summarize documents by accessing third-party models. LLM Suite…

In the world of Wall Street investing, Berkshire Hathaway CEO Warren Buffett is a unique investment tycoon. Since taking over Berkshire in 1965, the cumulative return on the company's Class A shares he manages has reached 50,284,29%, as of the close of July 10. Buffett's secret to success mainly involves buying shares of well-known, time-tested companies with clear competitive advantages. Although this strategy focuses mainly on value stocks, growth stocks occasionally appear in…

According to Reuters today, starting from Tuesday local time, Wall Street began to be optimistic about Tempus AI, a genetic testing company supported by SoftBank. The company has an AI-driven clinical and molecular database and is believed to bring more powerful diagnostic and testing tools. Tempus AI is headquartered in Chicago, USA, and sells genomic diagnostic testing products to clinicians and hospital systems, covering oncology, psychiatry, radiology and cardiology. Seven brokerages including JPMorgan Chase, Morgan Stanley, Bank of America Global Research and Stifel gave the first...

Nvidia plans to release its third-quarter earnings report after the market closes on Tuesday, and Wall Street is eagerly awaiting updates on the fundamentals behind the AI boom. Nvidia shares closed at a record high of $504.09 per share on Monday, as artificial intelligence once again became the focus of investors as Sam Altman left ChatGPT maker OpenAI and joined Microsoft. As Nvidia has become the face of the AI story in 2023, market expectations for the chip giant are high…

Microsoft and Google both reported mostly strong earnings on Tuesday, but the mixed reactions from investors suggest Wall Street is all about artificial intelligence right now. While Microsoft shares MSFT, +0.37% rose 4% in after-hours trading following the company’s latest report, Alphabet shares GOOG, +1.61%GOOGL, +1.69% fell 6% as Wall Street sensed that AI was playing out differently in the company’s cloud business. Microsoft surprised investors with a 28% constant-currency growth rate for its Azure cloud computing business, outpacing the company’s…