Despite the economic uncertainty caused by the pandemic—or possibly because of it—US retirement account balances rose to record levels during the fourth quarter of 2020, as reported by Fidelity Investments. The firm said individual contributions to individual retirement accounts (IRA), as well as 401(k) and 403(b) retirement accounts remained strong during the last three months of the year.
From Bitcoin mining roadblock to AI infrastructure goldmine—Frank Holmes never planned to build an artificial intelligence company. Yet HIVE Digital Technologies has evolved from a 2017 cryptocurrency workaround into a renewable-energy-powered data center operation generating $800,000 daily revenue with just 25 employees. Now positioned at the intersection of crypto and AI growth, HIVE owns the essential hardware both booming industries desperately need, creating a scalable infrastructure play that analysts value at $10–$12 per share.
Rick Rieder, BlackRock’s CIO of global fixed income, believes investors are entering “the best investing environment ever.”