STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

MONTHLY REVIEW

The international stock markets have the month FEBRUARY with slight losses ended.

DRIVING FACTORS

Inflation and interest rates

EQUITIES IN FOCUS

Meta climbs on plans to build an A team that focuses on AI products

Meta confirms that it is founding a new top-level product group with a focus on generative artificial intelligence ( KI ), while big-tech companies are running for the integration of AI into their products.

„ We start by bringing together many teams that work on generative AI throughout the company to form a group that focuses on creating attractive experiences around this technology “, said CEO Mark Zuckerberg in an Instagram post

Last week, Meta announced that it was publishing a new language model, the core software of a new AI system.

MONTH OUTLOOK

After the brilliant start to the year in January, the stock exchanges took a breather in February. The further trend will continue to depend on interest rates, inflation and the economy.

We expect the consolidation trend to continue on the stock markets in March 2023.

STOCK RECOMMENDATION: META