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☆ Will the 'Magnificent Seven' have another good run in 2024? Morgan Stanley's Mike Wilson weighs in
▼ + stars: | 2023-11-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Much of the gains in the S & P 500 this year can be attributed to the "Magnificent Seven" stocks. The S & P 500 has rocketed nearly 19% in the year to date. His 2024 price target for the S & P 500 is 4,500. But, he said, "There's going to be … a very good stock picking opportunity, probably away from those seven [stocks] … where there should be more opportunities in the 493." "In today's volatile interest rate environment, we see this cohort offering a balance of relative performance stability along with attractive growth properties," Morgan Stanley said.

Persons: Mike Wilson, Morgan Stanley, CNBC's, Wilson, they've, —, we're, we've, barbells, Eli Lilly, Morgan Organizations: Apple, Microsoft, Nvidia, Tesla, Morgan, Microsoft Tech, Keysight Financial, Visa, Mastercard Consumer, Marriott International Pharmaceuticals, Walmart, Costco . Utilities, DTE Energy, Exelon Corporation . Energy, ConocoPhillips, Marathon Oil, Valero Energy Locations: U.S, Morgan Stanley Asia, Singapore

☆ AMD's stock pops after Microsoft tech chief touts chipmaker's AI products
▼ + stars: | 2023-09-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Shares of AMD rose almost 5% Thursday, a day after Microsoft's technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. For years, Microsoft has offered some AMD GPUs to its Azure cloud customers, in addition to powering some of its computers and its Xbox consoles with AMD chips. In May, AMD said Microsoft had started offering a cloud networking service to clients, drawing on the chipmaker's Pensando products. Bloomberg reported in May that AMD was working with Microsoft on a custom AI chip, but Scott declined to say if that's actually happening. Microsoft's cloud rivals Amazon and Google have developed homegrown silicon.

Persons: chatbot, Kevin Scott, Nilay Patel, Scott, Lisa Su, Bryn Organizations: AMD, Nvidia, Microsoft, Bloomberg, Google Locations: Dana Point , California

☆ Chinese hackers stole 60,000 emails from senior State Department officials in May, source says
▼ + stars: | 2023-09-28 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —The Chinese hackers who breached multiple US government agencies in May stole some 60,000 emails from senior State Department officials, including information on officials’ travel itineraries, a Senate staffer briefed on the matter told CNN. The hackers were also able to access a list of every State Department email address, according to the Senate staffer. That kind of reconnaissance could be useful information for any follow-on hacking efforts aimed at the State Department. At a press briefing Thursday, State Department spokesperson Matthew Miller confirmed that the hackers accessed about 60,000 State Department emails. “[T]his was a hack of Microsoft systems that the State Department uncovered and notified Microsoft about,” Miller told reporters.

Persons: Antony Blinken, Republican Sen, Eric Schmitt of Missouri, Matthew Miller, ” Miller, China Nicholas Burns, Gina Raimondo, Daniel Kritenbrink, Don Bacon of Nebraska, Schmitt, ”, ” Schmitt Organizations: CNN, State Department, Republican, State Department IT, State, Department, Microsoft, The State Department, Biden, East Locations: Pacific, China, East Asia, Blinken

☆ Microsoft technology chief says supply of Nvidia's AI chips is improving
▼ + stars: | 2023-09-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

"Demand was far exceeding the supply of GPU capacity that the whole ecosystem could produce," Scott told the Verge's Nilay Patel. Microsoft, like Google and other tech companies, has been quickly adding generative AI to its own products and selling the technology's capabilities to clients. Training and deploying the underlying AI models has mainly relied on Nvidia's GPUs, creating scarcity of supply. Nvidia expects to increase supply each quarter through next year, finance chief Colette Kress told analysts on last month's earnings call. Traffic to ChatGPT has declined month over month for three consecutive months, Similarweb said in a blog post.

Persons: Nilay Patel, Kevin Scott, Scott, OpenAi, we've, Patel, that's, Colette Kress, Similarweb, I'm, Doug Clinton Organizations: The Ritz, Carlton Laguna, Microsoft, Nvidia, Training, Qualcomm, PCs Locations: Dana Point , California, OpenAI

☆ CNBC Daily Open: Don’t fight the Fed? What’s that?
▼ + stars: | 2023-06-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Journeys to the eastWith U.S.-China ties growing rocky, venture capitalists in China are turning to Middle East investors to raise capital. The Federal Reserve said it's likely to raise rates further at its later meetings — and then keep them high for longer. Either the Fed's lying about rates or economic data's lying about a recession.

Persons: Antony Blinken, Bill Gates, Xi Jinping, A.I, Kevin Scott, it's, CNBC's Bob Pisani Organizations: CNBC, ECB, European Central Bank, Nikkei, Bank of Japan, U.S, Microsoft, Federal Reserve Locations: Asia, Pacific, China, East, U.S, Beijing

☆ CNBC Daily Open: Don’t fight the Fed? What Fed?
▼ + stars: | 2023-06-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets liked the pauseU.S. markets rallied Thursday as traders digested the Federal Reserve's rate pause — and seemed to decide it was a good thing. But traders in Europe didn't like the ECB's rate hike, resulting in a 0.13% drop in the pan-European Stoxx 600 index. Either the Fed's lying about rates or economic data's lying about a recession.

Persons: Richard Branson, Trade Bell, Coinbase, Kevin Scott, it's, CNBC's Bob Pisani Organizations: of Virgin Galactic, Trade, New York Stock Exchange, CNBC, ECB, European Central Bank, Markets, BlackRock, U.S . Securities, Exchange Commission, SEC, Microsoft, Federal Reserve Locations: New York City, Europe

☆ Microsoft's stock hits record after executives predict $10 billion in annual A.I. revenue
▼ + stars: | 2023-06-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker's growth prospects in artificial intelligence. AI has been a hot topic all year, after Microsoft-backed OpenAI in November released the ChatGPT chatbot, which quickly went viral. In the past four quarters, Microsoft has generated almost $208 billion in total revenue. Negative sentiment around cloud growth and a contracting PC market led to pessimism on Wall Street last year. But the excitement around AI in addition to the cost-cutting measures that tech companies implemented produced a renewed bullishness.

Persons: Bing Chatbot, Satya Nadella, Amy Hood, Kevin Scott, Hood, Scott, MSFT Organizations: Microsoft, JPMorgan Chase, Nasdaq, Tech, JPMorgan, Security Locations: OpenAI

☆ Microsoft Tech to Boost London Stock Exchange’s Quest for Data Dominance
▼ + stars: | 2022-12-23 | by ( Josh Mitchell | ) www.wsj.com time to read: 1 min

LONDON—The London Stock Exchange Group PLC has staked its future on financial data. A new deal with Microsoft Corp. means it poses a bigger threat to industry leader Bloomberg LP, analysts say. LSEG said last week it would spend $2.8 billion over the next decade on Microsoft products, mainly the latter’s cloud service. As part of the deal, Microsoft will take a 4% equity stake in LSEG, buying stock from some of the company’s major existing shareholders.

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