The ups and downs of the major indexes over the last three years has been a frustrating experience for new investors. But history shows that the strongest companies always bounce back, providing investors a chance to buy top stocks before they take off again.
Is AI a bubble? Who knows! But it has become an obsession and big names believe it's going to change almost everything in business.
The Goldman Sachs Communacopia + Technology Conference is wrapping up. Yahoo Finance Executive Editor Brian Sozzi interviewed everyone from AT&T's CEO (T) to the CEO of Paramount Global (PARA). Sozzi noted that there was a lot of talk about AI. He also pointed out what he called "Microsoft creep" (MSFT) and the growing concerns about the company's relationship with ChatGPT parent OpenAI. Sozzi also says there is "a little bit less appetite" for owning big-cap tech stocks given higher interest rates and China concerns. The last thing Sozzi points out is that it's "not a great time to be a tech company in a turnaround," specifically pointing out how Peloton's stock (PTON) fell following comments from the company's CFO at the conference. Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia tech conference.