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China Poised to Replace US as AI Superpower



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The National Security Commission on AI chaired by former Google CEO Eric Schmidt warned that China could soon replace the US as the world’s AI superpower. If this happens, there are serious military implications to consider. He said the US isn’t ready to compete nor defend in the AI area.

News For The Day: Weak US Dollar Poised to Rebound This Year

5 Stocks to Watch Out For Wednesday, March 3

Rocket Companies Inc ▲(RKT 41.60 USD +17.30 (71.19%)) skyrocketed more than 70% during yesterday’s trading despite the lack of any news surrounding the stock. Outside, a number of hedge funds made large short-bets against the company, attracting wallstreetbets investors who started a buying frenzy. After hours, stock prices are dropping to head off WSB. It’s another epic battle in the making. 

Fox Corp Class A ▲(FOXA 37.95 USD +3.16 (9.08%) and Fox Corp Class B ▲(FOX 36.05 USD +2.66 (7.97%)) shares gained ground as Nielsen Media Research proclaimed the company’s FOX News Channel (FNC) as the top-rated network in all of cable in primetime during February. It remained the top-rated cable network post-Inauguration to date. 

Nielsen Holdings PLC ▲(NLSN 24.89 USD +1.75 (7.56%)) shares outperformed some of its competitors in the communications sector in what turned out to be a dismal day for the stock market. Meanwhile, Nielsen posted its second consecutive day of gains and hit a new 52-week high, surpassing its previous peak of $24.38 last February 24th.

Tripadvisor Inc Common Stock ▲(TRIP 52.64 USD +3.29 (6.67%)) shares rose near 10% yesterday before closing 6.67% higher. Citigroup upgraded the stock from “Neutral” to “Buy” and increased the price target by almost double, from $29 per share to $62.

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