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☆ Why Apple will be the big winner of AI's 2nd wave, according to 'Big Short' investor Steve Eisman
▼ + stars: | 2024-05-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Steve Eisman told Bloomberg TV that Apple will benefit from the coming wave of AI-based applications. Prospects of an AI iPhone have spurred bullish calls among other analysts. AdvertisementApple is well positioned to exploit the second leg of artificial intelligence, as the technology starts to take the form of mobile applications, Steve Eisman said. Sacconaghi's bullishness preceded Apple's winning earnings, during which CEO Tim Cook teased big AI announcements to come. AdvertisementWhen it comes to AI, Eisman has previously touted big investments in infrastructure, which would benefit from the tech's massive power demand.

Persons: Steve Eisman, —, everybody's, Neuberger Berman, we're, Eisman, Bernstein's, Toni Sacconaghi, Sacconaghi's bullishness, Tim Cook, Dan Ives Organizations: Bloomberg, Apple, Service, Nvidia, AMD, Cook, Co, Securities, Worldwide Locations: China

☆ Bernstein's Nadine Sarwat breaks down why Gen Z is shifting away from alcohol
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Nadine Sarwat breaks down why Gen Z is shifting away from alcoholNadine Sarwat, Bernstein director and equity research analyst, joins 'Power Lunch' to discuss young Americans moving away from drinking beer.

Persons: Nadine Sarwat, Bernstein

☆ Apple's stock could be poised for more run-up, says Bernstein's Toni Sacconaghi
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's stock could be poised for more run-up, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein senior research analyst, joins 'Power Lunch' to discuss Apple as the stock of iPhone maker popped on earnings beat.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein Organizations: Apple

☆ The market needs to price in the possibility of more rate hikes: Richard Bernstein's Contopoulos
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market needs to price in the possibility of more rate hikes: Richard Bernstein's ContopoulosMichael Contopoulos, Richard Bernstein Advisors, joins the 'Fast Money' table to talk the FOMC's rate decision today, the state of the economy, if stagflation is a problem right now, and more.

Persons: Richard Bernstein's Contopoulos Michael Contopoulos, Richard Bernstein, stagflation Organizations: Richard Bernstein Advisors

☆ Bernstein's Stacy Rasgon previews AMD ahead of its earnings
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Stacy Rasgon previews AMD ahead of its earningsStacy Rasgon, Bernstein semiconductor analyst, joins 'Closing Bell' to discuss AMD ahead of the company's earnings report.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein Organizations: AMD

☆ 'Be like Buffett' and buy the dip in Apple stock before its next iPhone announcement, analyst says
▼ + stars: | 2024-04-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors should imitate Warren Buffett and buy Apple while it's cheap, Bernstein's Toni Sacconaghi said. He says the stock is attractively priced, pushed down by cyclical issues in China, not due to fundamental problems. The stock will also see boosted upside from its forthcoming iPhone 16 cycle, he told CNBC. AdvertisementInvestors should grab Apple because it's looking cheap, Bernstein said on Monday, turning bullish on the stock for the first time in years. "What we found is, we're getting a price break on it," Sacconaghi told CNBC Tuesday.

Persons: Warren Buffett, Toni Sacconaghi, —, Bernstein, Buffett, we're, Sacconaghi, Apple's Organizations: Apple, CNBC, Service Locations: China, Bernstein's

☆ Cramer says Apple's Monday rally doesn't have 'staying power' after analyst upgrade
▼ + stars: | 2024-04-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer was wary of Apple 's Monday rally, which he said was spurred by an analyst upgrade. On Monday, Bernstein's Toni Sacconaghi upgraded the stock from neutral to buy and said it's time to "buy the fear." Cramer said he's not trying to disregard Sacconaghi, who he called a "genuinely great analyst," but said he's an "Apple skeptic" who doesn't analyze the stock accurately. Cramer added that "it feels a bit suspect" that this moment is when Sacconaghi "climbs on the bandwagon" for Apple. "Apple rallied on an upgrade from an analyst who, historically, does not have a great understanding of this particular stock," Cramer said.

Persons: CNBC's Jim Cramer, Bernstein's Toni Sacconaghi, Sacconaghi, it's, Toni, Cramer, you've, he's, Apple Organizations: Apple, CNBC Locations: China

☆ Monday's analyst calls: Apple gets a big upgrade, headwinds seen for Lululemon and Tesla
▼ + stars: | 2024-04-29 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. The firm downgraded Ulta stock to equal weight from overweight, and lowered its price target to $434 per share from $612. — Brian Evans 6:30 a.m. Evercore slashes Tesla price target Evercore ISI says its forecast for Tesla stock is due for an update as headwinds from the start of the year converge and pressure the electric vehicle company. Apple stock has pulled back 12.1% in 2024 but was up 1.7% in premarket trading Monday. Lululemon stock has slipped nearly 29% in 2024 and was off 1.9% premarket Monday.

Persons: Bernstein, Toni Sacconaghi, Barclays downgrades Ulta, Adrienne Yih, Yih, — Brian Evans, Chris McNally, McNally, Bernstein's Toni Sacconaghi, Sacconaghi, Barclays downgrades Lululemon, headwinds, LULU Organizations: CNBC, Apple, Tesla, Barclays, ISI Locations: China, Friday's, Mexico

☆ Two 2024 tech laggards are driving the stock market higher Monday — here's why
▼ + stars: | 2024-04-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Driving the S & P 500 higher, ironically, are the two "Magnificent 7" stocks that have underperformed all year: Tesla and Apple . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Tesla, Elon Musk, Bernstein, There's, Cramer, Eli Lilly, Jim Cramer's, Jim, Tim Cook, Pedro Pardo Organizations: CNBC, GE Healthcare, PayPal, McDonalds, Devices, Jim Cramer's Charitable, Apple's, China Development Forum, AFP, Getty Locations: China, Wells, Wells Fargo, Eaton, Beijing

☆ Bernstein's Stacy Rasgon previews Intel shares ahead of earnings
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Stacy Rasgon previews Intel shares ahead of earningsStacy Rasgon, Bernstein Research, joins 'Closing Bell' to discus two big semiconductor stocks Nvidia and Intel, which reports its earnings after the bell.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon Organizations: Bernstein Research, Nvidia, Intel

☆ Watch CNBC's full interview with Bernstein's Toni Sacconaghi on Tesla earnings
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bernstein's Toni Sacconaghi on Tesla earningsToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and Robotaxi plans, and what happens in the next 5-10 years for Tesla.

Persons: Bernstein's Toni Sacconaghi, Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV

☆ Tesla skepticism remains centered on potential new models, says Bernstein's Toni Sacconaghi
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla skepticism remains centered on potential new models, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and robotaxi plans, and what happens in the next five to 10 years for Tesla.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV

☆ Earnings this week will be dominated by Big Tech. What analysts expect
▼ + stars: | 2024-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.

Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China

☆ Earnings growth will continue to be a windfall for investors, says Richard Bernstein's Dan Suzuki
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings growth will continue to be a windfall for investors, says Richard Bernstein's Dan SuzukiDan Suzuki, Richard Bernstein Advisors deputy CIO, joins 'Power Lunch' to discuss the state of the market and earnings.

Persons: Richard Bernstein's Dan Suzuki Dan Suzuki, Richard Bernstein

☆ Bernstein's Doug Harned breaks down Boeing's outlook after Calhoun exit
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Doug Harned breaks down Boeing's outlook after Calhoun exitDoug Harned, Bernstein Aerospace & Defense Analyst, joins 'Closing Bell: Overtime' to discuss Boeing's CEO stepping down and what it means for the company's stock.

Persons: Doug Harned, Calhoun Organizations: Bernstein Aerospace, Defense

☆ Overall impact of China's potential chip ban won't be that big, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOverall impact of China's potential chip ban won't be that big, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein semiconductor analyst, joins 'Power Lunch' to discuss why Rasgon has kept his forecasts the same for Intel and AMD, whether the potential chip ban could escalate trade tensions, and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein, Rasgon Organizations: Intel, AMD

☆ All the big Nvidia calls after AI conference: Goldman raises target to $1,000, JPMorgan sees 'dominance'
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."

Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose

Mizuho initiated Home Depot with a buy rating, calling for roughly 10% upside. The bank upgraded shares of the industrial equipment manufacturer to a buy rating. Analyst Manav Gupta also lifted his price target to $170 from his prior target of $152. Analyst Gavin Parsons reiterated his buy rating on the stock and price target of $275. The bank initiated coverage of the home improvement stock at a buy rating, setting a price target of $415.

Persons: Mizuho, Manav Gupta, Howden, Gupta, GTLS, — Lisa Kailai Han, Gavin Parsons, Parsons, Fred Imbert, David Bellinger, Bellinger, Wells Fargo, Aaron Rakers, Goldman Sachs, Toshiya Hari, Bernstein's Stacy Rasgon, Taylor Swift, Jensen, Huang Organizations: CNBC, UBS, Boeing, Nvidia, Industries, YE2026E, Department of Energy, Alaska Airlines, Mizuho, SAP Center, Blackwell, ~$ Locations: Howden, GTLS, Mizuho, San Jose

☆ AI Is Upending Google's Search Business. a Lady Gaga Query Shows How.
▼ + stars: | 2024-03-19 | by ( Kali Hays | Hugh Langley | ) www.businessinsider.com time to read: +16 min

Search versus SGESince December, Business Insider has plugged the same queries into Google's traditional search engine and its generative AI version to see how information is presented differently. Mark Mahaney, a top internet analyst at ISI Evercore, has been testing SGE alongside generative AI rivals like Perplexity and OpenAI's ChatGPT. Ray has spotted answers in SGE results that are not sourced from websites that rank in the top 100 positions for that query in traditional Search results. Neither query produced any sort of generative AI response — although a search for "common cold" did. They've already got billions of people using Chrome and using Google search," Shmulik told BI.

Persons: It's, Mark Mahaney, Mahaney, SGE, Adweek, Alan Antin, Google's SGE, Gaga's, Gaga, Tiffany, Kali Hays, Google's, Sundar Pichai, Lily Ray, Ray, Mark Shmulik, Bernstein, Susan Orlean, Evercore's Mahoney, we're, Bernstein's, Shmulik, he's, ChatGPT Organizations: Google, Business, Microsoft, Gartner, ISI, New York Magazine, BI, GitHub, LinkedIn, SGE, Bing Locations: SGE, OpenAI

☆ Watch CNBC’s full interview with DCLA's Sarat Sethi and Bernstein's Toni Sacconaghi
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with DCLA's Sarat Sethi and Bernstein's Toni SacconaghiSarat Sethi, DCLA managing partner and portfolio manager, and Toni Sacconaghi, Bernstein senior analyst, join 'Power Lunch' to discuss Apple and Tesla as both companies' stocks have not been performing well.

Persons: DCLA's Sarat Sethi, Bernstein's Toni Sacconaghi Sarat Sethi, DCLA, Toni Sacconaghi, Bernstein Organizations: Apple

☆ Your complete investing guide to 'AI Woodstock' next week: 3 buys ahead of the event
▼ + stars: | 2024-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.

Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California

☆ We expect the crypto market to triple from here to $7.5 trillion, says Bernstein's Gautam Chhugani
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the crypto market to triple from here to $7.5 trillion, says Bernstein's Gautam ChhuganiGautam Chhugani, Bernstein analyst, joins 'Money Movers' to discuss what needs to change for Robinhood's stock to get to $30, why the crypto market will triple in the near-term, and much more.

Persons: Bernstein's Gautam Chhugani Gautam Chhugani, Bernstein

☆ 'Take the emotion out of investing' during a presidential election year, strategist says. What to do instead
▼ + stars: | 2024-03-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Video of former President Donald Trump and President Joe Biden is played during a hearing by the Select Committee to Investigate the January 6th Attack on the U.S. Capitol on June 13, 2022 in Washington. WEST PALM BEACH, Fla. — Investors' emotions may run high in 2024, especially in the realm of politics as President Joe Biden and former President Donald Trump are poised for a rematch in this year's presidential election. "Politics have become increasingly more emotional," Moira McLachlan, senior investment strategist in AllianceBernstein's wealth strategies group, said Wednesday at Financial Advisor Magazine's Invest in Women conference in West Palm Beach, Florida. However, investors should avoid knee-jerk reactions by setting and sticking to an investment plan, strategists said. "It's so important to stay invested, and you have to try to take the emotion out of investing" to keep from doing something "detrimental" to your goals, said Kristina Hooper, chief global market strategist at Invesco.

Persons: Donald Trump, Joe Biden, Moira McLachlan, Magazine's, Kristina Hooper Organizations: U.S, Capitol, WEST, Magazine's Invest, Women Locations: Washington, BEACH, Fla, West Palm Beach , Florida

☆ Here's when the Fed is likely to start cutting interest rates, according to investment strategists
▼ + stars: | 2024-03-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Kent Nishimura | Getty Images News | Getty ImagesWest Palm Beach, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of second quarter despite recent "hotter than expected" inflation data, according to Kristina Hooper, chief global market strategist at Invesco. The question has become, at what point — and how quickly — does the central bank start to cut rates in order to avoid plunging the economy into a downturn? Fed chair Jerome Powell said last week that the Fed may not be far off from throttling back. The Fed last raised interest rates in summer 2023; in prior interest-rate-hiking cycles, the Fed began cutting rates about 8½ months later, Hooper said. Jenny Johnson, president and CEO of Franklin Templeton, also expects the central bank to begin cutting rates this year, though in the second half of 2024 at Fed policy meetings in July or September.

Persons: Jerome Powell, Kent Nishimura, Kristina Hooper, it's, Hooper, Jenny Johnson, Franklin Templeton, Moira McLachlan Organizations: Banking, Housing, Urban Affairs Committee, Getty, U.S . Federal, Women, Fed Locations: Palm Beach, Fla, U.S, West Palm Beach , Florida

☆ Watch CNBC’s full interview with Bernstein's Stacy Rasgon and Solus' Dan Greenhaus
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bernstein's Stacy Rasgon and Solus' Dan GreenhausStacy Rasgon, Bernstein semiconductor analyst, and Dan Greenhaus, Solus Alternative Asset Management chief strategist, join 'Closing Bell' to discuss the chipmakers being down, the bifurcation of the 'Mag 7', and what it all means for the sector.

Persons: Bernstein's Stacy Rasgon, Solus, Dan Greenhaus Stacy Rasgon, Bernstein, Dan Greenhaus Organizations: Asset Management

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