Posts

Showing posts with the label asset manager

Microsoft (MSFT) Called a 'Must Buy' From Bernstein: Here's Why

Image
Amid what has been a tremendous year for the stock, Microsoft (MSFT) has been called a must-buy by $806 billion asset manager Bernstein. Indeed, the manager urged all investors to hold the tech company. They currently hold an outperform rating while holding a price target of $511. The firm has continued to diversify over the last two years, most notably becoming a major player in the artificial intelligence space. With exposure and success growing throughout this year, there are high hopes for how the stock will perform in 2025. Source: Wealth Management Also Read: Could Bitcoin Shift Lead Microsoft to a Record 2025? Bernstein Says Investors Should Own Microsoft Amid Outperform Rating The last year has seen Wall Street continue to be enamored with the growing AI sector. Investors have embraced the AI arms race, with the prominent technology and its potential driving continued interest. That has led one company and its potential to stand out among experts. Microsoft (MSFT) has been call...

World’s largest asset manager BlackRock holds $24 billion in Bitcoin

Image
When Larry Fink, the CEO of BlackRock (NYSE: BLK), the world’s largest asset manager, managing an eye-popping $13 trillion, admits he was wrong about Bitcoin, people take notice.  On October 14, 2024, BlackRock’s Bitcoin (BTC) strategy reached new heights as the company’s spot Bitcoin ETF broke $1.65 billion in 24-hour trading volume. But the headline isn’t just about numbers—it’s about Fink’s evolving view on Bitcoin.  Picks for you SingularityDAO, Cogito Finance, and SelfKey merge tokens to drive AI finance 12 mins ago Crypto trader turns $727 into $2.42 million in just four days 34 mins ago Is Gold accumulation t...

BlackRock Bitcoin ETF Gets Largest Inflow in August as BTC Slips

Image
BlackRock’s leading Spot Bitcoin ETF has seen its largest inflow in a month amid BTCs recent slip. Indeed, the $10 trillion asset manager iShares Bitcoin Trust (IBIT) has observed its largest inflow since July 22. Moreover, it took place as the leading crypto fell below the $64,000 level. It has been a volatile few months for Bitcoin and for its various ETF offerings. Yet, BlackRock has remained in the driver’s seat, with its recent performance looking like a return to form the investment offering. This could especially be true as investors are looking to take advantage of BTC’s underwhelming position. Source: Financial News London Also Read: BlackRock to Launch L2 Network Compatible With Ethereum? BlackRock Bitcoin ETF has Largest Inflow Since July 2024 has been quite the year for Bitcoin. Although it had reached an all-time high of $73,000 in March, it hasn’t enjoyed that level of success since. In the last 30 days, the token has fallen more than 9% according t...