On today's Ask the Trend, host Josh Lipton breaks down the latest market trends, from the AI race to a surge in call options trading volume for large U.S. growth and tech stocks.
As AI continues to propel the market to new heights, Foundry founder and CEO Jared Quincy Davis argues that GPUs are one of the most important commodities, and that the AI sector is currently experiencing a problem with GPU underutilization. He points to complex AI systems as evidence of this undervaluation:[It] “It's not reflected in the pricing yet, but we're seeing demand from all sectors. We're seeing demand not only from enterprises that are finding more productive use cases for AI and are increasingly adopting it in production, but also from startups that are application companies that are using AI for their end applications.”
Jared Blikre of Yahoo Finance talks about three key takeaways from the trading day. He explains that stock market leadership is in flux as the energy sector rises. He also notes that July has historically been a positive month for the Nasdaq (^IXIC). Finally, he notes that Bitcoin (BTC-USD) is facing a “Mt. Gox cliff” as the former cryptocurrency exchange plans to distribute $140,000 as part of its bankruptcy agreement.
As part of Yahoo Finance's “Space Race: Investing on the Final Frontier” feature, Voyager Space co-founder and president Matthew Kuta speaks with Brad Smith about the future of private operators in the space economy. “If you go back to the days of the Space Shuttle, it cost a whopping $1 million to launch a kilogram of something into space. And now with commercialization, it's much cheaper to launch a kilogram of something into orbit, $1,000,” Kuta explains. “So a lot of business models are starting to close. Now that we can get objects into orbit, it's much more cost-effective. And now that we have business models that actually close, we can use space not just for space, but for the betterment of humanity here on Earth.”
Check out more special space stories from Yahoo Finance this week as part of our “Space Race: Investing in the Final Frontier” series.
Finally, in a new note, Deutsche Bank highlights a surge in call option volume on large U.S. growth and tech stocks: Yahoo Finance's Julie Hyman breaks down the charts of net call volume compared to the rest of the S&P 500 (^GSPC).
This post was written by Melanie Leal
