Wall Street Breakfast

Is Apple the new AI torchbearer?

Aug 29, 2024
Citi has identified Apple as the top AI stock pick, outshining Nvidia. Recent GDP revisions point to stronger growth, hinting at a robust labor market. Dollar General faces a steep decline due to disappointing guidance. Meanwhile, the rise of 401(k) millionaires signals a booming retirement savings trend. In retail, mixed performances emerge as inflation shows signs of easing, aided by revisions in consumer spending.
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