China News Daily TheBitTimes.com

Despite the step back that the US stock market has taken this year, artificial intelligence is still dominating the conversation surrounding the sector. Indeed, it is still driving demand in tech and driving significant investment. In one rather surprising development, Meta Platforms (META) has seen its AI outperform in its recent earnings, leading many to question if the stock is a clear buy in May. The company is often one of the most overlooked Magnificent 7 stocks. It doesn’t yet have the widespread appeal of an AI chipmaker like Nvidia (NVDA) or a diversified tech giant like Amazon (AMZN). However, its recent data could help solidify it as a stock to watch out for this month. Source: Reuters / Andrew Kelly Also Read: Jim Cramer Calls META Stock Cheap: Should You Buy Now? META Earnings Show Strong AI Performance: Is the Stock Now a Buy? In late April, Meta Platforms announced a new AI standalone app. Indeed, the offering was set to help it better compete with companies dominat...

Bitcoin dropped to $89,900 on January 13, its lowest decline in two months James Toledano, COO at Unity Wallet, said one of the reasons for the drop is profit-taking after Bitcoin hit $108,000 in mid-December The inauguration of President-elect Donald Trump could spark renewed buying interest, Toledano said Bitcoin fell below $90,000 for the first time in two months, dropping 3.6% in 24 hours as the market experienced selling pressure. Data from CoinMarketCap shows that Bitcoin’s price dropped to around $89,900 on January 13. However, at the time of publication, it’s trading over $95,000. Bitcoin drops below $89,000. Source: CoinMarketCap According to James Toledano, COO at Unity Wallet, there are several reasons why Bitcoin’s price fell. “The first is profit-taking, after hitting a peak of around $108,300 in mid-December, the market has seen a massive amount of it, particularly following the election of pro-crypto President-elect D...