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According to Goldman Sachs’ hedge fund positioning data, Strategy (Nasdaq: MSTR) occupies the top spot among the most shorted large-cap U.S. stocks. It's a sharp turnaround from a year ago when it wasn't even among the top 50 shorted stocks.
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Netflix and ServiceNow recently completed stock splits, and both companies' shares look attractive at current prices.
Stocks surged to records in large part because of hope — and hype — about artificial intelligence.
According to Goldman Sachs’ hedge fund positioning data, Strategy has climbed to the top spot among the most shorted large-cap U.S. stocks, measured by short interest as a percentage of market cap. A year ago, it wasn’t even in the top 50.
Around 73% of Bill's revenue comes from transaction fees whenever an SMB sends or receives a payment using its platform. Only 17% of its revenue comes from software licensing subscriptions that are charged on a per-user basis, so the company won't be overly exposed if technologies like AI shrink its customers' workforces.
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Wall Street ended higher on Wednesday, extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology's potential benefits.
Artificial intelligence chipmaker Nvidia on Wednesday will deliver a quarterly report likely to sway a jittery stock market as investors weigh whether the massive bets riding on technology's latest cr