Shares of Duolingo, Inc. (DUOL) have been struggling lately and have lost 8.2% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ear ...

Duolingo, Inc. (DUOL) has been on a downward spiral lately with significant selling pressure. After declining 18.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stoc ...

Artificial intelligence (AI) isn't an empty buzzword in 2024. It's the driving force behind the year's most promising tech stocks. With the mostly academic AI developments of 2023 behind us, it's time for AI-powered products and services with significant real-world utility. If you thought OpenAI's ChatGPT was cool, you ain't seen nothin' yet.And the new AI stuff should drive many tech stocks higher this year. In the words of Wedbush Morgan analyst Dan Ives, 2024 will be "the year of AI" and the tech sector ...

da-kukThe Nasdaq 100 capped off 2023 with a return of +53.8%, erasing 2022’s losses and recording its highest annual return since 1999. This year had countless winners, but 5 stocks surprised and shocked the market with significant outperformance relative to the broader indices. We think it’s important to pause and draw some parallels around the stocks that performed well in 2023 to form an opinion on what might perform well in 2024, as well as identify common themes that are seeing high levels of inves ...

Shares of language learning platform Duolingo (NASDAQ:DUOL) moved higher on Tuesday afternoon following a controversial decision. Management disclosed that the company cut some contractors, partly attributed to the wider deployment of generative artificial intelligence (AI). Further, the Duolingo layoffs underscore a much broader discussion about AI replacing human workers. Still, the framework isn’t quite as clear-cut as the mainstream narrative would suggest.According to a Bloomberg report, the language l ...

Duolingo is the latest company to cite AI as a reason for job cuts. The company confirmed it cut around 10% of its contractor workforce at the end of 2023, as it turns to AI models like OpenAI’s GPT-4 to streamline content production and translations.The broad application of ChatGPT and other large language models could impact a wide range of job roles, including language-based tasks. According to the World Economic Forum’s 2023 Future of Jobs report, AI will transform 23% of jobs in the next five years.Red ...

Duolingo has cut about 10% of its contractors due to its use of generative artificial intelligence (AI) to create content. The maker of software for learning languages has been shifting tasks from staff to AI tools, Bloomberg reported Monday (Jan. 8). “We just no longer need as many people to do the type of work some of these contractors were doing,” a Duolingo spokesperson told the media outlet. “Part of that could be attributed to AI.” Duolingo CEO Luis von Ahn said in a November letter to shareholders th ...

The U.S. Business Services space has been benefitting from the strong fundamentals of the economy. Despite facing a record-high interest rate and extremely tight monetary control by the Fed, this sector has provided double-digit returns in the past year.Within this sector, the technology services industry is mature, with demand for services in good shape. Revenues, income and cash flows are anticipated to gradually reach the pre-pandemic levels, aiding most industry players to pay out stable dividends.Growt ...

The stock market is coming off a great year in 2023, with the S&P 500 index surging 26.3%, including dividends. It's on the cusp of setting a new all-time high for the first time in two years. It only has to gain another 2.2% to get there, and it would mark the official beginning of a new bull market. Artificial intelligence (AI) was the hottest stock market theme in 2023, led by Nvidia which seized a dominant share in the market for AI data center chips. Its stock soared a whopping 239% for the year.But i ...

Successful businesses disrupt entire industries. And in that process, they can make shareholders a ton of money.Think about Netflix, which upended the home video rental market with its direct-to-consumer DVD business, then killed DVDs altogether with its introduction of streaming video in 2007. Since 2007, Netflix shares have risen a remarkable 13,000% -- meaning an initial investment of $10,000 investment would be worth over $1.3 million as of this writing. Finding disruptors like Netflix isn't easy -- but ...