Amazon's AWS (AMZN) made a series of AI-related announcements at its annual re:Invent conference, including a new AI chatbot called Q and an expansion of their relationship with Nvidia (NVDA). The company also announced a series of new chips, including the AWS Graviton4 and AWS Trainium2. As AWS CEO Adam Selipsky tells Yahoo Finance's Allie Garfinkle in the video above, the chips are a part of the company's push to improve price performance, especially given that customer needs are growing. "These workloads, thees things that customers want to do aren't going to be economically feasible unless we keep on dramatically improving price performance," Selipsky says. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
GraniteShares plans to increase the amount of leverage on most of its single-stock exchange-traded funds (ETFs) to 200%, allowing investors to make bigger bets on daily movements in a handful of widely traded stocks, a Thursday filing with the Securities and Exchange Commission showed. In the filing, GraniteShares said the move, which will include leverage boosts of 0.25 to 0.50 percentage points on ETFs targeting particularly volatile stocks like Tesla and Nvidia, will become effective January 22, 2024. The ETFs currently feature leverage levels ranging from 1.25x to 1.75x, meaning that the issuer has structured the funds to deliver between 125% and 175% of the daily underlying share price move in stocks like Tesla, Meta and Coinbase.
These companies are on track to deliver robust long-term growth and give investors' retirement portfolios a nice boost.