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☆ Altimeter Capital CEO on the future of Tesla
▼ + 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 EmailAltimeter Capital CEO on the future of TeslaBrad Gerstner, Altimeter Capital founder & CEO, joins CNBC's "Halftime Report" to discuss his stake in Tesla.

Persons: Tesla Brad Gerstner Locations: Tesla

☆ Altimeter Capital CEO on why Nvidia's stock is rising this year
▼ + 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 EmailAltimeter Capital CEO on why Nvidia's stock is rising this yearBrad Gerstner, founder and CEO at Altimeter Capital, joins CNBC's 'Halftime Report' to discuss his latest strategy in the tech sector.

Persons: Brad Gerstner

☆ Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some Nvidia
▼ + stars: | 2024-05-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

But the chipmaking darling is far from the only artificial intelligence stock that's run too far too fast. Elsewhere, Altimeter's Brad Gerstner eased his stake in the chipmaker and other winning technology stocks, he told CNBC's " Halftime Report ." Nvidia isn't the only AI play vulnerable to profit taking here. Of the group, Micron Technology shares trade at the most significant premium. Over the last year, shares have surged 493% and trade at a 185% premium to their five-year average PE.

Persons: Stanley Druckenmiller, CNBC's, Altimeter's Brad Gerstner, Druckenmiller, We've, Broadcom's Organizations: Nvidia, CNBC Pro, Devices, Micron Technology, Arm Holdings, Broadcom, Arista Networks, Applied Materials, KLA Corporation Locations: British

☆ Altimeter’s Brad Gerstner says he trimmed positions across portfolio after 2024's strong tech run
▼ + stars: | 2024-05-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

I think it makes sense to trim a little and so that's what we've done across our portfolios," he said. Also, corporate tax rates might go up as the reduction from 2017 is set to expire, Gerstner said. "We started the year expecting six rate cuts. Now we're down to maybe zero rate cuts," he said. "We want to be in the names like Nvidia that are reaccelerating, in the names like Amazon and Google and Microsoft and Snowflake that we believe are reaccelerating.

Persons: Brad Gerstner, Gerstner, you've, they're, That's, Stanley Druckenmiller, We've Organizations: Meta, Microsoft, Nvidia, Federal Reserve, Harvard Business School, Google

☆ Tesla shares have tanked 34% this year. Investors raise doubts over whether the EV maker will return to form
▼ + stars: | 2024-04-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Disappointing investors Tesla's inability to meet estimates and boost demand for its models has spurrred the newfound skepticism. The comments from Wood came one day after her firm purchased nearly $40 million worth of Tesla shares. A lack of investor understanding of the value of these alternative businesses and their future contribution to Tesla profits is plaguing Tesla shares, according to Corestone Capital's Will McDonough. TSLA 1Y mountain Tesla shares over the last year "Valuing Tesla as a car company is akin to valuing Amazon as a book sale company," the investor said. "There are definitely concerns in the marketplace around demand" for Tesla vehicles, said Robert W. Baird senior research analyst Ben Kallo.

Persons: Tesla, Morgan Stanley, Adam Jonas, Wedbush's Dan Ives, Ives, Michael Sansoterra, Tim Pagliara, EVs, Sansoterra, that's, CNBC's Andrew Ross Sorkin, Cathie Wood, Wood, Brad Gerstner, Elon Musk, Corestone Capital's Will McDonough, Robert W, Baird, Ben Kallo, We're Organizations: Elon, Silvant Capital Management, Wall, Motors, Ford, Toyota, Silvant, Ark Investment Locations: U.S, China

☆ Investors say underperforming Alphabet is a buying opportunity as it rights its AI missteps
▼ + stars: | 2024-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Alphabet needs to correct its artificial intelligence flubs and prove its monetization potential if it hopes to renew investors confidence. GOOGL YTD mountain Alphabet shares this year "There's uncertainty around the moat," said Jamie Meyers, an analyst at Laffer Tengler Investments. "It's an opportunity that is meaningfully underestimated by investors given everything that's happened," said Deepwater Asset Management's Gene Munster. Using the pullback as an opportunity Many investors, however, are finding the positive in Alphabet's recent troubles for their portfolios, and using the recent stock performance as a buying opportunity. Laffer Tengler's Meyers also noted that Alphabet's advantage in personal data, strong user base and dominant market position could give them and edge in AI once they correct their mistakes.

Persons: giant's, Jamie Meyers, It's, They're, Alphabet's, Gene Munster, OpenAI, Dan Hanson, Neuberger Berman, They've, Michael Sansoterra, they're, Hanna Howard, Brad Gerstner, CNBC's, Laffer Tengler's Meyers, Deepwater's Munster Organizations: Microsoft, Meta, Nvidia, Investments, Google, Investors, Silvant Locations: Munster

☆ Tesla's stock wraps up one of its worst quarters on record as global dominance wanes
▼ + stars: | 2024-03-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +11 min

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.

Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware

☆ Investor Brad Gerstner bought notable first-quarter underperformers Tesla and Alphabet on the dip
▼ + stars: | 2024-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Altimeter Capital's Brad Gerstner is betting on some of the first quarter's biggest technology underperformers, revealing fresh Alphabet and Tesla stakes during an interview with C NBC's "Halftime Report" on Wednesday. Both Alphabet and Tesla have lagged most of their "Magnificent 7" peers year to date as they grapple with a slew of company-specific headwinds. Despite the recent mishaps, Gerstner views Alphabet as a "super capable" company with "extraordinary resources," highlighting monetization potential within search among the reasons for diving back into shares. TSLA YTD mountain Tesla stock this year Despite some difficulties in China and the potential for Tesla to miss upcoming delivery numbers, Gerstner views much of the negativity as already priced in. "This is not for the faint of heart," he said, adding that investors need to willingly buy more shares on pullbacks.

Persons: Brad Gerstner, Tesla's, Tesla, that's, Sundar Pichai, Gerstner, Elon Musk Organizations: Nvidia, Meta, Elon Locations: China, pullbacks

☆ Google's mission is organizing the world's information. Its 'woke' AI debacle prompted critics to say it's failing.
▼ + stars: | 2024-02-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."

Persons: —, Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP

☆ K2 Space, a startup with SpaceX veterans building monster satellites, raises $50 million
▼ + stars: | 2024-02-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Los Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that are coming to market. The company's latest fundraiser was led by tech investor Brad Gerstner's Altimeter Capital and joined by Alpine Space Ventures, adding to the $8.5 million in seed funding it raised from investors including First Round Capital and Republic Capital. K2 declined to specify its valuation after the most recent round. "This round is effectively built for the demand that we're seeing for launching constellations of the Mega class satellites," Karan Kunjur told CNBC. K2's Mega class satellite bus — the physical structure of a spacecraft that provides power, movement and more — is sized to fit in "heavy" and "super heavy" rockets.

Persons: Karan Kunjur, Neel Kunjur, Brad, Glenn Organizations: K2, Alpine Space Ventures, First, Capital, Republic Capital, CNBC Locations: Los Angeles

☆ Altimeter Capital CEO on Meta: The year of belt-tightening from 2023 is over
▼ + stars: | 2024-02-02 | 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 EmailAltimeter Capital CEO on Meta: The year of belt-tightening from 2023 is overBrad Gerstner, Founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss Meta's surge after earnings, what he sees next for the stock, and more.

Persons: Brad Gerstner Organizations: Meta

☆ Altimeter Capital CEO on Amazon: They have a dominant retail business that will benefit from AI
▼ + stars: | 2024-02-02 | 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 EmailAltimeter Capital CEO on Amazon: They have a dominant retail business that will benefit from AIBrad Gerstner, Founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss Amazon and why he's a "big believer" in the name.

Persons: Brad Gerstner

☆ Lawmakers to grill CEOs of Meta, TikTok, X and other social media firms at hearing on child safety
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face a grilling on Wednesday from lawmakers concerned about child exploitation and safety on their services. Lawmakers from both sides of the aisle have blasted the companies for failing to properly address what some have called a "plague of online child sexual exploitation" on social media apps. Wednesday's hearing is focused specifically on issues pertaining to child exploitation and the prevalence of child sexual abuse material on social media. The social media executives are expected to detail their efforts combating child exploitation on their platforms, which include working with law enforcement and tasks like proactively identifying potential predators. Watch: Early Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings week

Persons: Mark Zuckerberg, Linda Yaccarino, Evan Spiegel, —, Shou Zi Chew, Jason Citron, Sen, Dick Durbin, Lindsey Graham, S.C, Citron, Meta, Brad Gerstner Organizations: Meta, U.S, Senate, Intelligence, Capitol, Washington , D.C, TikTok, Spiegel, Google YouTube, Committee, Lawmakers, Electronic Frontier Foundation, American Civil Liberties Union Locations: Washington ,, Washington, . New

☆ CNBC Daily Open: Fed rate cut path in sharp focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermidThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ends highU.S. stocks ended on a positive note on Monday. The S&P 500 closed at a new record high as Wall Street looked ahead to Big Tech earnings and the Federal Reserve's rate policy decision.

Persons: Brendan McDermid, Erek Barron, Biden, Joe Biden, Brad Gerstner Organizations: New York Stock Exchange, REUTERS, CNBC, Big Tech, Dow, Nasdaq, DOJ, SEC, of Justice, Securities and Exchange Commission, Republicans, Hamas Locations: New York City, U.S, Maryland, Iran, Jordan, Iraq, Iranian, Israel

☆ Brad Gerstner says Meta is better positioned than the rest of the ‘Magnificent Seven’ this earnings season
▼ + stars: | 2024-01-29 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Altimeter Capital Chair and CEO Brad Gerstner said on Monday that Meta Platforms , one of his top holdings, is poised to outshine other so-called "Magnificent Seven" stocks during this busy earnings reporting week. "If there was one name that I think is better positioned this week, it's Meta," Gerstner said on CNBC's "Fast Money ." "I think people still underappreciate the commitment to efficiency at Meta." "Meta is actually deploying those AI tools to increase monetization to increase engagement for the benefit of the consumer," he said. For Big Tech earnings this week, Gerstner thinks the bar is high given how much the stocks have rallied this year.

Persons: Brad Gerstner, it's, Gerstner, Meta, —, he's, Mark Zuckerberg, Tesla Organizations: Meta, Apple, Microsoft, Big Tech Locations: Meta

☆ Early Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings week
▼ + stars: | 2024-01-29 | 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 EmailEarly Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings weekBrad Gerstner, Altimeter Capital Founder & CEO, joins the 'Fast Money' traders to discuss his expectations from big tech earnings.

Persons: Brad Gerstner

☆ Altimeter's Brad Gerstner, a top tech investor for 15 years, is showing no signs of slowing
▼ + stars: | 2023-12-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Brad Gerstner rose to prominence in the tech investment scene for his early lucrative bets in Snowflake and Meta Platforms , and he's showing no signs of slowing down. The tech investor launched his investment firm Altimeter Capital in the depths of the 2008 financial crisis with less than $3 million raised from his family and friends. Altimeter has also been an on-and-off investor in Meta Platforms since the early 2010s. As a top 15 institutional investor, Gerstner wrote a critical open letter in October 2022, saying the company needed to slash headcount and stop spending so much money on metaverse. The widely followed tech investor called the rise of AI a "super-cycle" just like the dot-com boom in the late 1990s.

Persons: Brad Gerstner, Gerstner, Snowflake, Meta, Mark Zuckerberg, he's Organizations: Harvard Business School, Microsoft, Nvidia, Federal Reserve Locations: Snowflake

☆ How some of 2023's biggest AI winners have fared a year after ChatGPT's launch
▼ + stars: | 2023-12-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .

Persons: –, hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce

☆ Tech stocks going to outperform non-tech in 2024, says Altimeter's Brad Gerstner
▼ + stars: | 2023-11-30 | 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 EmailTech stocks going to outperform non-tech in 2024, says Altimeter's Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Halftime Report' to discuss tech vs. non-tech performance, the outlook for 2024, and more.

Persons: Brad Gerstner Brad Gerstner Organizations: Tech

☆ Google won't be able to replicate search dominance in AI, says Altimeter's Brad Gerstner
▼ + stars: | 2023-11-30 | 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 EmailGoogle won't be able to replicate search dominance in AI, says Altimeter's Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Halftime Report' to discuss tech vs. non-tech performance, the outlook for 2024, and more.

Persons: Brad Gerstner Brad Gerstner Organizations: Google

☆ Former Apple designers launch $700 Humane AI Pin as smartphone replacement
▼ + stars: | 2023-11-09 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

The Humane AI Pin is designed to replace your smartphone, allowing the user to make calls, send texts and look up information through voice controls. Humane said it will begin taking orders for the AI Pin on Nov. 16. The AI Pin has a built-in speaker and camera, and a light flashes when those functions are turned on. Users can access AI services from the internet, rather than downloaded apps. Microsoft, Google , OpenAI, and other companies are contributing AI services, the company said.

Persons: Imran Chaudhri, Bethany Bongiorno, Chaudhri, Sam Altman, Marc Benioff, Bongiorno, Brad Gerstner Organizations: Apple, Mobile, Microsoft, Tiger Global, Qualcomm, Qualcomm Ventures, Google

☆ Altimeter CEO Brad Gerstner: What we haven't had the last 3 years is predictability
▼ + stars: | 2023-11-08 | 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 EmailAltimeter CEO Brad Gerstner: What we haven't had the last 3 years is predictabilityBrad Gerstner, Altimeter Capital founder and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, venture capital environment, artificial intelligence, the state of the IPO market, investing in America, and much more.

Persons: Brad Gerstner, Brad Locations: America

☆ Watch CNBC's full interview with Altimeter CEO Brad Gerstner
▼ + stars: | 2023-11-08 | 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 Altimeter CEO Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, venture capital environment, artificial intelligence, the state of the IPO market, investing in America, and much more.

Persons: Brad Gerstner Brad Gerstner Locations: America

☆ Brad Gerstner: We have a 'historic moment' right now to get everybody into the game of capitalism
▼ + stars: | 2023-11-08 | 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 EmailBrad Gerstner: We have a 'historic moment' right now to get everybody into the game of capitalismBrad Gerstner, Altimeter Capital founder and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, venture capital environment, artificial intelligence, the state of the IPO market, investing in America, and much more.

Persons: Brad Gerstner Locations: America

☆ Altimeter's Gerstner says he's taken down exposure, but still bullish on American companies
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Altimeter Capital Chair and CEO Brad Gerstner said Wednesday that he has reduced exposure on the stock market after this year's rally, but he remains bullish on American companies. "We've taken some risk off the table as prices have gone up, but we're still leaning forward and still bullish on America," Gerstner said on CNBC's " Squawk Box ." The tech investor revealed that his net exposure today is 60%, down from 93% at the beginning of the year. However, as for buying opportunities in technology names, Gerstner cautioned that not all tech is created equal. The widely followed investor listed Upstart as one of the companies that enjoyed outsized boost from the pandemic.

Persons: Brad Gerstner, We've, Gerstner, haven't, Robinhood Organizations: Nasdaq Locations: America, Ukraine, Israel

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