Tag Archive for: invest

Invest in 5 Internet Software Stocks for Sparkling Returns – 24/7 Wall St.

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The technology sector is seeing a dream run in 2023 after a highly disappointing 2022. Year to date, out of the 11 broad sectors of the S&P 500 Index, the Technology Select SPDR (XLK) is the largest gainer, jumping 43.6%. Its close resemblance — the Communication Services Select Sector SPDR (XLC) — has also surged 43.3%. Moreover, the tech-heavy Nasdaq Composite has rallied 36.5% year to date.

Within the technology sector, the Zacks Defined Internet-Software Industry is currently placed in the top 25% of all industries with a year-to-date return of 61.5%. The Internet software industry is benefiting from continued demand for a global digital transformation. Growth prospects are alluring primarily due to the rapid adoption of Software as a Service (SaaS), which offers flexible and cost-effective delivery of applications.

SaaS attempts to deliver applications to any user, anywhere, anytime and on any device. It has been effective in addressing customer expectations of seamless communications across multiple channels, including voice, chat, email, web, social media and mobile.

The growing need to secure cloud platforms amid rampant incidences of cyber-attacks and hacking is driving the demand for web-based cyber security software. As enterprises continue to move their on-premise workload to cloud environments, application and infrastructure monitoring is gaining importance. This is increasing demand for web-based performance management monitoring tools.

Moreover, the pay-as-you-go model helps Internet software providers scale their offerings per the needs of different users. The subscription-based business model ensures recurring revenues for the industry participants.

At this stage, it will be prudent to invest in Internet software stocks with a favorable Zacks Rank to strengthen one’s portfolio.

Our Top Picks

We have narrowed our search to five Internet software stocks with strong potential for the rest of 2023. These stocks have seen positive earnings estimate revisions in the last 30 days. Each of our picks carries a Zacks Rank #1 (Strong Buy).

CrowdStrike Holdings Inc. CRWD is benefiting from the rising demand for cyber-security solutions owing to the slew of data…

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Want To Invest In Artificial Intelligence? Here Are 6 Front Runners In Machine Learning

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Key takeaways

  • AI currently allows computers to manage basic tasks so people have time for other things.
  • As AI technology advances, it will take over more complex tasks, improving safety and efficiency.
  • Many companies are entering this space, but IBM, Micron and CrowdStrike are a few of the leaders in this industry.

When you think of artificial intelligence, you might imagine a world where robots and computers run the show. But looking at how AI is used in today’s world, from voice-activated assistants to virtual assistants answering phones, you will recognize how this technology is improving our lives. Here is a deeper dive into artificial intelligence and the companies leading the way right now.

What is artificial intelligence?

Artificial intelligence is the concept of teaching a computer to think and act independently. That includes rational speech, complex problem-solving, speech recognition, decision making, and initiating actions. The goal of artificial intelligence, also known as AI, is to get a computer to think independently and make better decisions than a human does.

The current state of AI is known as narrow artificial intelligence because AI systems are relegated to performing one task or a set of related tasks. For example, virtual assistants like Alexa or Siri can turn on music or answer questions. Robotic vacuums learn the best route for cleaning your floor, and self-driving cars can get you from point A to point B.

Companies are currently in the process of creating AI with broader abilities. But most of the efforts surrounding the development of AI are focused on what it can do now, not what it can do in the future. But the universe of AI capabilities only stands to expand.

TryqAbout Q.ai’s Global Trends Investment Kit | Q.ai – a Forbes company

What benefits does AI offer?

Artificial intelligence is a technology that promises to make daily life a lot easier, eliminate the need for someone to do repetitive, low-level tasks, and improve safety. AI has sped up the production of everything from automobiles to healthcare and finance. AI operations require less oversight and frees people up to do work that AI can’t handle.

It’s long been known…

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How To Invest In The Metaverse – Forbes Advisor UK

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You may not have visited it yourself, but chances are you’ll have heard of the metaverse and how it is being promoted as the ‘next big thing’ in the technology and social media sectors.

The metaverse – with its roots in role-play gaming – is already awash with applications and various forms of commercial activity, many of which offer investment potential.

Here’s a look at what the metaverse is, how it works, plus the best ways for retail investors such as you and me to own a piece of the action.

Note: all forms of investing are speculative and carry the potential for partial or total financial loss.

What is the metaverse?

Internet technology has become a dominant force in entertainment, socialising and work, and it underpins key everyday services such as health, commerce, finance, transport and security. 

In terms of internet evolution, Web 1.0 can be said to have connected people to information, while Web 2.0 connected them to the social media revolution.

Web 3.0, meanwhile, involves the metaverse, where people are connected digitally to virtual places and things.

Instead of accessing the internet in two dimensions through a screen, the metaverse allows individuals to inhabit virtual or augmented reality worlds and to interact with each other in shared, three-dimensional online spaces.

This could be for a variety of purposes, from business and shopping to recreational or leisure-based activities. The rebranding of social media giant Facebook to Meta clearly reflects the importance Mark Zuckerberg attaches to the development of an online environment where people ‘live’ in a virtual universe.

From a commercial perspective, Dina Ting, head of global index portfolio management at Franklin Templeton, describes the metaverse as “an amalgamation of worlds that allows companies and content producers to address their target audience in entirely new ways and accelerate digital value creation.”

She says: “The metaverse will become the internet of internets, offering a seamless and immersive experience. With an avatar [an image representing the computer user], you will be able to walk around virtual worlds and settings to…

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Fake crypto giveaways steal millions using Elon Musk Ark Invest video

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Fake crypto giveaways reuse YouTube videos of Musk, Dorsey to make millions

Fake cryptocurrency giveaways are stealing millions of dollars simply by replaying old Elon Musk and Jack Dorsey Ark Invest videos on YouTube.

The scheme is the old “double your investment” ruse that promises to pay back twice the cryptocurrency amount the victim sends the scammer.

The fraudsters made more than $1.3 million after re-streaming an edited version of an old live panel discussion on cryptocurrency with Elon Musk, Jack Dorsey, and Cathie Wood at Ark Invest’s “The ₿ Word” conference.

In the past, scammers used other videos related to Elon Musk, including SpaceX launches or Tesla videos, to successfully promote fake giveaways and steal millions of dollars while doing so.

Simple operation

At a quick search, BleepingComputer found that close to 10 YouTube channels have published the discussion, albeit in a smaller format edited to include additional elements that promoted the scam, including the link to the fraudulent crypto giveaway website.

Our findings are just a glimpse of the entire scheme, which we observed unfold since March. However, there are reports of it going as far back as January and bringing scammers $400,000 in just seven hours. 

Security researchers at cybersecurity firm McAfee were also monitoring the scam and published a report on Thursday in which they identified 11 fraudulent websites.

Fraudulent websites hosting crypto scam
source: McAfee

McAfee updated the post the next day saying that the number of these websites had increased to 26 in just 24 hours.

“The YouTube streams advertised several sites which shared a similar theme. They claim to send cryptocurrency worth double the value which they’ve received. For example, if you send 1BTC you will receive 2BTC in return” – McAfee

However, these websites appear every day and scammers generate new wallets to receive funds from gullible cryptocurrency users. Here’s some that BleepingComputer and…

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