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☆ We could have a new member of the $2 trillion market cap club this week
▼ + stars: | 2024-01-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

On Monday, Alphabet closed at a market capitalization of $1.91 trillion, less than $100 billion away from a $2 trillion market cap and trailing Microsoft and Apple with market capitalizations last at $3.03 trillion and $2.91 trillion, respectively. Beyond Alphabet Alphabet is close to entering the $2 trillion club, but other prominent mega-cap tech companies are making progress, too. Amazon's market cap finished Monday at $1.64 trillion. The managing partner also sees Meta Platforms as a future $2 trillion market cap candidate. The maker of sophisticated graphics processing units reached a $1 trillion market cap for the first time only in 2023, when it climbed almost 240%.

Persons: Paul Meeks, Meeks, Merrill Lynch, bode, Gene Munster, Dan Ives, Ives, they're, Deepwater's Munster, Wedbush's Ives, Jensen Organizations: Microsoft, Apple, Merrill, Merrill Lynch Investment, Deepwater Asset Management, Amazon Web Services, Munster, Nvidia Locations: U.S

☆ Nvidia and tech stocks will 'rip higher' into second half of 2023, says Wedbush's Ives
▼ + stars: | 2023-08-29 | 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 EmailNvidia and tech stocks will 'rip higher' into second half of 2023, says Wedbush's IvesDan Ives, Wedbush Securities, joins 'Squawk on the Street' to discuss Ives' thoughts on the market environment for tech stocks, the concerns around Nvidia's stock reaction to earnings, and a name of the mega-cap tech stocks Ives would rate as underweight.

Persons: Wedbush's Ives Dan Ives, Ives Organizations: Nvidia, Wedbush Securities

☆ This beef between Musk and Zuckerberg will ultimately be settled in the cage, says Wedbush's Ives
▼ + stars: | 2023-06-23 | 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 EmailThis beef between Musk and Zuckerberg will ultimately be settled in the cage, says Wedbush's IvesDan Ives, Wedbush Securities managing director, and Mark Mahaney, Evercore ISI head of internet research, join 'Squawk on the Street' to discuss the potential fight between Elon Musk and Mark Zuckerberg, whether or not Mahaney saw Meta and Tesla as the preeminent showdown in tech, and more.

Persons: Zuckerberg, Wedbush's Ives Dan Ives, Mark Mahaney, Elon Musk, Mark Zuckerberg, Tesla Organizations: Wedbush Securities, Elon

☆ Tim Cook's mysterious silence on ChatGPT is making Apple look out of touch
▼ + stars: | 2023-02-16 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Apple CEO Tim Cook needs to balance AI development with its ongoing supply chain issues. Apple CEO Tim Cook himself has said that AI "will affect every product and service we have." Delivering an interesting AI product is not the only problem Apple needs to address. Apple faced supply chain issues in 2021, delaying the delivery of the iPhone 14 Pro after protests around Covid-19 shutdowns temporarily closed its Chinese manufacturing hubs. The company has talked about diversifying its supply chain process, which could take decades.

☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.

☆ Teslas are finally getting cheaper. It's a sign Elon Musk's back is against the wall.
▼ + stars: | 2023-01-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tesla cutting prices by up to 20% on its models in a sign of trouble for Elon Musk. Interest rate hikes have also increased the costs of financing the purchase of a Tesla, making it harder for consumers already battered by inflation to make the switch. Moores added that when it comes to demand, "backlog orders have come down significantly for Tesla," making price cuts is "a good way to increase the immediate- and medium-term sales pipeline". Price cuts will of course be welcomed by consumers. Wedbush's Ives estimates that "all together these price cuts could spur demand" by 12-15% globally in 2023.

☆ Elon had to choose between Twitter and Tesla. He's choosing Tesla.
▼ + stars: | 2022-12-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Elon Musk has been forced to make a tough choice: Tesla or Twitter. He's picking Tesla, which represents nearly half his $156 billion in estimated wealth, and the Twitter poll gave him a handy escape pod. That red ink wasn't as much of a problem when interest rates were low, and Tesla's shares were soaring. But as the Federal Reserve has aggressively hiked interest rates to curb inflation, using Tesla stock to pay off the debt on the Twitter buyout is a problem for Tesla. "Tesla is so much an Elon stock, it stands or falls because of him," Beauchamp said.

☆ China Covid protests could lead to iPhone production hit of up to 10%, Wedbush says
▼ + stars: | 2022-11-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Apple could deal with a major iPhone shortage of up to 10% this holiday season because of Covid protests in China, according to Wedbush's Dan Ives. The protests marked an escalation in dissent in the country after hundreds of workers joined protests at Foxconn's iPhone plant in China earlier this month. For Apple, the Covid restrictions have meant a shortage in iPhones heading into the major holiday season. "The zero China Covid policy has been an absolute gut punch to Apple's supply chain with the Foxconn protests in Zhengzhou a black eye for both Apple and Foxconn," Ives wrote. "Now its the painful waiting game to see what ramped production looks like over the next week for Apple to ease some iPhone shortages that are building globally," he said.

[1/2] The Apple iPhone 14, The Apple iPhone 14 Pro and the Apple iPhone 14 Pro Max are seen at the Apple Fifth Avenue store in Manhattan, New York City, U.S., September 16, 2022. Similarly, Abisha Luitel wanted to get an iPhone 14 Pro for her 21-year old cousin. In a statement on Nov. 7, it said it expected lower iPhone 14 Pro and iPhone 14 Pro Max shipments than previously anticipated. Foxconn's plant in China makes Apple's premium models including the latest iPhone 14 Pro, a source told Reuters. At an Apple store in a Bethesda, Maryland mall, an employee said there were almost no 14 Pro and Pro Max in stock.

☆ 8 companies Amazon, Microsoft, or Google might buy as they shop for deals amid the market downturn, including Workday, Unity, and Roku
▼ + stars: | 2022-09-15 | by ( Belle Lin | ) www.businessinsider.com time to read: +13 min

That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.

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