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Magnificent 7 Stocks Skyrocket 5X, Adding $10 Trillion in 5 Years
Discover how the Magnificent 7 stocks have soared 5 times in value, contributing an astounding $10 trillion to the market. The post Magnificent 7 Stocks Skyrocket 5X, Adding $10 Trillion in 5 Years appeared first on BanklessTimes .
Samsung’s Global Smartphone Shipment Share Shrinks 38% in 10 Years
Samsung has been a significant player in the smartphone market. However, its market share has decreased significantly over the last ten years. In Q2 2024, Samsungs global smartphone market share was 18.9 percent, which is quite a drop from its dominant position in the early 2010s. According to BanklessTimes.com, Samsung’s global smartphone shipment share dec
Number of Wallets Buying or Selling NFTs Drops by 75% in the Last Year
In this post: The once-bustling NFT market has experienced a staggering reduction in active wallets. According to BanklessTimes.com, the number of wallets buying or selling NFTs has dropped by 75% in the last year. Speaking on the development, Edith Reads, a financial analyst from BanklessTimes, said: “ Several projects and digital assets are saturated in […
Nvidia Gaming Sector Revenue Drops 26% While Data Revenue Rockets 6x in 2 Years
According to BanklessTimes.com, Nvidia’s gaming sector is down by nearly 30%. However, the AI chipmaker covered the downturn with an incredible rise in data revenue, which has surged six-fold since its fiscal year 2023. The site’s financial analyst, Elizabeth Kerr, comments, “The generative AI momentum is picking up, fueling the need for data centres and […]
Netflix’s Paid Subscribers Worldwide Rise by 30% in 4 years
Despite price hikes and password restrictions, Netflix’s subscriber base has surged, bringing massive profits for the streaming service. According to Banklesstimes.com, Netflix’s subscribers have risen by 30% in the last four years. From Q2’21, Netflix had only 209 million subscribers; now, this figure has snowballed to 277 million in Q2’24. The site’s finan
Banking Sector Leads AI Investment Surge with $20.6 B, Outpacing Retail
Global spending on AI projects is rising, with the banking sector taking the lead in investments. According to BanklessTimes.com, banking services poured over $20.6 billion in AI investments in 2023. The site’s financial analyst, Elizabeth Kerr, comments, “The diverse application of AI technologies- including machine learning and NLP can drive meaningful res
Over 70% Worried About Scams from Generative AI
While Generative AI has proven invaluable, many consumers worry that these AI tools might scam them out of money or sensitive information. BanklessTimes.com reports that over 70% of people fear scams from Generative AI. “Elizabeth Kerr, the site’s financial analyst, comments that cybercriminals are sadly manipulating Generative AI’s ability to generate highl