Crude Oil Down 1%; MicroVision Shares Plummet
Portfolio Pulse from Lisa Levin
U.S. stocks traded mixed with Dow Jones dropping over 100 points, while NASDAQ and S&P 500 rose. Crude oil inventories climbed by 7.919 million barrels, against market estimates of a 0.51 million decline. WeTrade Group shares surged after launching an AI-generated language model, while MicroVision shares plummeted following a proposed public offering.
June 14, 2023 | 4:10 pm
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POSITIVE IMPACT
WeTrade Group shares shot up 110% after launching a large-scale AI-generated language model to increase product applications in the field of artificial intelligence.
WeTrade Group's launch of an AI-generated language model is expected to increase product applications in the field of artificial intelligence, which has led to a surge in its share price. This positive news is likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MicroVision shares fell 28% following the announcement of a proposed public offering.
MicroVision's announcement of a proposed public offering has led to a significant drop in its share price. This negative news is likely to drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100