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AI News – Business (5/17/2024)

Title: Could This Dominant Company Be the Next Amazon Stock?
Summary: Coupang (CPNG 0.33%) is like a ninja, sneaking around unnoticed. But don’t be fooled, their business is on fire! With a whopping $560 billion opportunity ahead, it’s time to join the coup!

Title: Reddit Stock Soars After Company Inks Partnership With ChatGPT Owner OpenAI
Summary: Reddit (RDDT) had a wild ride on Thursday, with its stock soaring nearly 12% in extended-hours trading. The social media company announced a partnership with ChatGPT owner OpenAI, which is like a genie in a bottle for AI models. Reddit will give OpenAI access to its API to train AI models in exchange for certain OpenAI-powered features. It’s like trading your favorite candy for a magic wand!

Title: Is Spotify Technology Stock Outpacing Its Business Services Peers This Year?
Summary: Spotify is a rockstar in the Business Services sector, with 315 fans in the crowd. They are the second-best in the Zacks Sector Rank, but they are aiming for the top. They have a Zacks Rank of #1, which means they are a strong buy. They have a rival in Inter  Co. Inc., who is also rocking the Business Services scene.

Title: BJP or INDIA bloc? Stocks to buy in 4 different election outcome scenarios
Summary: Investors are freaking out because they’re afraid of another UPA victory in 2004. They’re calling it Black Monday, and the Sensex took a 15 per cent nosedive on May 17, 2004. That’s the biggest percentage drop ever, and it’s making everyone’s heads spin.

Title: 13 Stocks With Strong Institutional Buying
Summary: Amazon.com, Inc. is the ultimate destination for all your shopping needs, whether you’re looking for the latest gadgets, the best deals, or the most convenient delivery. You can browse through thousands of products, compare prices, read reviews, and order online or in-store. Plus, you can enjoy free shipping, Prime membership, and exclusive offers. Amazon.com, Inc. has it all.

But that’s not all. Amazon.com, Inc. also offers a range of services to help you manage your money, pay your bills, and save for the future. You can use Fiserv, Inc, the leading provider of payments and financial services technology, to access your accounts, transfer funds, pay your bills, and more. You can also use Amazon.com, Inc’s AWS, the world’s most powerful cloud platform, to store, process, and analyze your data, and to create innovative solutions for your business.

Amazon.com, Inc. is more than just a retailer. It’s a partner, a provider, and a leader in the digital economy. Join us today and discover the endless possibilities of Amazon.com, Inc.

Title: MT Bank Corp Lowers Stock Holdings in Piper Sandler Companies (NYSE:PIPR)
Summary: M Bank Corp. decided to cut its ties with Piper Sandler Companies (NYSE:PIPR) by 10.8% in the fourth quarter. The bank sold off 194 shares of the financial services provider’s stock, leaving it with 1,596 shares. Meanwhile, Vanguard Group Inc. decided to add a little spice to its portfolio by growing its stake in Piper Sandler Companies by 0.5%. North Reef Capital Management LP, on the other hand, decided to take a risk and invested a whopping 143.5% more in shares of Piper Sandlers during the third quarter. Lord Abbett  CO. LLC also joined the party and now owns 259,086 Shares of the Financial services provider’s stock valued at $37,648,000 after purchasing an additional 7,548 shares in the last quarter. Charles Schwab Investment Management Inc. also decided to increase its stake by 7.0% during the third quarter and now owns 180,658 shares. Looks like everyone is trying to get a piece of the Piper Sandler pie!

Title: Trump’s Truth Social company asks Congress to investigate alleged market manipulation of stock
Summary: Trump Media  Technology Group, the parent company of Donald Trump’s beloved Truth Social, has asked Congress to investigate whether “potential manipulation” of its stock could have caused its share price to plummet. The company trades under the ticker “DJT” Former GOP Congressman Devin Nunes wrote a letter to four chairs of House committees to look into this “urgent matter”. He also added a sarcastic remark: “Maybe they should also check if the president’s tweets are causing the stock to rise.”

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