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Bank of America reiterates Nvidia as buy Bank of America raised its price target on the stock to $1,320 per share from $1,100 following earnings. Deutsche Bank initiates Freshpet a buy Deutsche said it sees "multiple structural tailwinds" for shares of the pet food and health company. Deutsche Bank initiates BellRing Brands as buy Deutsche said it sees a long runway for growth for the food company. " Deutsche Bank initiates Legend Biotech as buy Deutsche said it's bullish on the biotech company's multiple myeloma drug Carvykti. Bank of America reiterates Super Micro Computer as buy Bank of America said Nvidia's earnings report on Wednesday bode well for companies like Super Micro.
Persons: Bernstein, Ford, Morgan Stanley downgrades NetEase, Morgan Stanley, Evercore, BRBR, Wedbush, Jefferies, GDRX, Oppenheimer, Armour, Kevin, Dell, Chubb, Stephens, FHN, Tesla, Argus, it's bullish, bode Organizations: " Bank of America, Nvidia, Bank of America, Deutsche Bank, Deutsche, BellRing Brands, JPMorgan, Hasbro, RBC, Norfolk Southern, NSC, GE Vernova, GE, UBS, Eastman Chemical, Eastman, SAP, underperform Bank of America, Berkshire Hathaway's, of America, Rockstar Games, NextEra Energy Partners, Argus, Wynn, Biotech, Computer Locations: U.S, China, Berkshire, Macau, Las Vegas, 2H24
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The party is just getting started' for AI: Wedbush's Dan Ives following Nvidia's blowout earningsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wedbush's Dan Ives and Gerber Kawasaki's Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Gerber Kawasaki's Ross Gerber, Brian Sullivan, Organizations: CNBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is about to have a renaissance of growth, says Wedbush's Dan IvesDan Ives, Wedbush, joins 'Closing Bell' to discuss Microsoft and Apple following the former's event today and its build conference this week.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Microsoft, Apple
Read previewIt's about to be a big week for Microsoft. Copilot and other AI features in WindowsWedbush analysts expect Microsoft to roll out more Copilot and AI features into its consumer and enterprise product stack. Related storiesIves said putting AI features into Windows will give developers the foundation to build AI use cases through Windows and, ultimately, Azure. Ives said the new AI Surface updates will start a new PC-driven cycle that's "AI-led, from Dell to Microsoft, and ultimately to Apple as well." But according to Ives, Microsoft will be a "showstopper."
Persons: , Dan Ives, Wedbush's, Wedbush, Ives, Google Organizations: Service, Microsoft, Google, Business, Windows, Oracle, Apple, Dell, Ives
Slinging a crimson electric guitar onto his shoulder, Blinken told the crowd he knew they were facing a "really, really difficult time." So much of the world is with you and they're fighting not just for a free Ukraine, but for the free world. "For ten years, we've been explaining to the free world that we are defending it too," he wrote. Residents self-evacuate from a multi-story residential building hit by a Russian UMPB D-30 glide bomb on May 14, 2024 in Kharkiv, Ukraine. The lyrics of "Rockin' in the Free World" are often seen as a criticism of American patriotism and George H.W.
Persons: , Antony Blinken, Neil Young's, Blinken, Ukraine, Antony, Muddy Waters, Bohdan Yaremenko, Trump, he's, we've, Oleg Simoroz, Valeriy, it's, Matviyenko, Yevhen, Oleksandr Syrskyi, Illia Ponomarenko, George H.W, Bush, Donald Trump, Sen, Bernie Sanders, Biden Organizations: Service, Business, U.S, US State Department, Blinken, Music Diplomacy Initiative, Facebook, AFP, Ukrainian NGO Agency, Getty Images, Ukrainian, Ukrainian Armed Forces, Kyiv, Guardian, Los Angeles Times, Soviet Union, State Department Locations: Kyiv, Ukraine, Russian, Kharkiv, United States, Muddy, Ukrainian, Russia, KABs, Sumy, Getty Images Russia, Polina, Soviet
Apple looks kind of ridiculous right now
  + stars: | 2024-05-15 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple, though, has kept pretty quiet about its own AI ambitions so far — and it's increasingly obvious. "The buzz around AI, and specifically GenAI, has been so deafening that Apple is noticeable by omission," Dipanjan Chatterjee, vice president and principal analyst at Forrester, told Business Insider. Still, if the rumors about OpenAI or Gemini iPhone integration are true, this week's "strong announcements actually would bode well for Apple," William Kerwin, an analyst at Morningstar, said. AdvertisementThe analyst told BI that the new iPad rollout is simply an "appetizer to the real meat and potatoes" of Apple's AI strategy, expected to be announced at the WWDC in June.
Persons: , Sam Altman's, Google's, Dipanjan Chatterjee, Forrester, Chatterjee, Gene Munster, it'd, Apple's, bode, William Kerwin, Siri, Dan Ives Organizations: Service, Big Tech, Business, Apple, Conference, Google, Deepwater Asset Management, Morningstar, Microsoft
Read previewPresident Joe Biden's campaign is trolling Donald Trump over his Manhattan criminal trial while pushing the former president to agree to an unprecedented summer presidential debate. On Wednesday morning, Biden's campaign proposed two presidential debates outside the traditional nonpartisan organization that has scheduled such contests for decades. Their suggestion includes an unprecedented June debate, which would easily be the earliest major presidential debate. ;'"The biggest shake-up to presidential debates in decadesBiden's proposed debates would be in June and early September. The organization, the Commission on Presidential Debates, has faced criticism in recent years, especially from Republicans, over its selection of moderators.
Persons: , Joe Biden's, Donald Trump, Biden, CNN's, I’ve, Donald, — Joe Biden, Trump, Juan Merchan, doesn't, Let's, Biden's, Robert F, Kennedy Jr, Jen O'Malley Dillon, Dillon, George H.W Bush's, O'Malley Dillon Organizations: Service, Manhattan, Business, Republican National Convention, Electoral College –, American Locations: @CNN, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle still doesn't have an answer to Apple's AI-potential, says Wedbush's Dan IvesDan Ives, Wedbush, joins 'Power Lunch' to discuss the latest announcements from Google's i/O event and what it means for the stock and position in the AI mega cap sector.
Persons: Wedbush's Dan Ives Dan Ives
The Biden administration is set to raise tariffs on China EVs from 25% to roughly 100%. Wedbush's Dan Ives told Bloomberg on Friday that China is very likely to retaliate against the move. Ives said rising competition from cheap Chinese EVs would pose risks to the US domestic EV market. AdvertisementChina is likely to retaliate against the move by President Joe Biden's administration to impose new tariffs on electric vehicles from China, says Wedbush's analyst Dan Ives. Legacy automakers would also take a hit given their large bets on EVs, so the tariffs would protect the Detroit car companies as well as Tesla.
Persons: Biden, Wedbush's Dan Ives, Ives, , Joe Biden's, Dan Ives, Tesla Organizations: Bloomberg, EV, Service, Street, Detroit Locations: China, Nio
The AI revolution is just starting, says Wedbush's Dan Ives
  + stars: | 2024-05-08 | 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 EmailThe AI revolution is just starting, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
Apple: Here's why Wedbush's Dan Ives is bullish on the stock
  + stars: | 2024-05-03 | 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 EmailApple: Here's why Wedbush's Dan Ives is bullish on the stockDan Ives, Wedbush Securities managing director, joins 'Squawk on the Street' to discuss Ives' overall thoughts on Apple's performance in China, when the company will see growth in China, and how vital Apple's next announcement will be.
Persons: Wedbush's Dan Ives, Dan Ives, Ives Organizations: Wedbush Securities Locations: China
Tim Cook has said major AI announcements are coming. Analysts are hoping Apple's AI strategy can boost slumping iPhone sales. Wedbush's Dan Ives said Apple's AI efforts are set to drive a "supercycle" starting with the iPhone 16. Analysts pushed the Apple CEO to talk about its upcoming generative AI announcements on Thursday's earnings call — with very little success. Cook continued to keep a tight lid on all things AI, merely teasing big AI announcements in the "coming weeks."
Persons: Tim Cook, Wedbush's Dan Ives, , Cook Organizations: Service, Apple, Business
If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."
Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, , that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America
Tesla's stock price jumped 10% in Monday's premarket as traders reacted to Elon Musk's China trip. Musk seems to have won key support for rolling out Tesla's autonomous driving technology in China. The Wall Street Journal reported that China's government had signaled to Musk that it would support Tesla's full self-driving rollout. Signs of slowing demand in China have dragged on Tesla's stock price in recent months, although shares rallied last week after Musk's company said it planned to launch cheaper models in 2025. "Musk winning FSD approval in the key China market is a watershed moment for the Tesla story in our view," Ives said in a note seen by BI.
Persons: Wedbush's Dan Ives, , Tesla, Elon Musk, Premier Li Qiang, Dan Ives, Ives Organizations: Service, Tesla, Baidu, Bloomberg, Premier, Street Journal, BI Locations: Monday's premarket, Elon Musk's China, China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia isn't crazy expensive from a multiple perspective, says Wedbush's Matt BrysonMatt Bryson, Wedbush Securities SVP of equity research, joins 'Squawk on the Street' to discuss how much Nvidia will profit from peer AI spending, how to model Nvidia's growth prospects, and more.
Persons: Matt Bryson Matt Bryson Organizations: Nvidia, Wedbush Securities
Microsoft and Alphabet reported quarterly earnings that beat Wall Street's expectations. On Thursday, just off the heels of Meta's mixed first-quarter results that caused a dip on Wall Street, Microsoft and Alphabet just proved that there's money to be made off of artificial intelligence. However, the executive also made sure to highlight the contributions of Google Cloud, which now comes with generative AI services through Google's AI model, Gemini. Investors appeared pleased with Microsoft's and Alphabet's quarterly performance, which gave the companies a stock surge, as Wall Street continues to nurse a hangover from Meta's first-quarter report. "They have a goldmine of AI engineers and data, and now they're starting to monetize it," Ives said of Alphabet and Microsoft.
Persons: Wedbush's Dan Ives, , Meta's, Sundar Pichai, Mercedes, Pichai, Ruth Porat, Satya Nadella's, Nadella, Microsoft's, Dan Ives, Ives Organizations: Microsoft, CNBC, Service, Google, Bayer, Cintas, Mercedes Benz, Walmart
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan IvesVirtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan Ives, join 'Closing Bell' to discuss whether markets have hit a landing, earnings, inflation and the Fed.
Persons: Virtus ’ Joe Terranova, Fundstrat’s Tom Lee, Wedbush's Dan Ives, Joe Terranova Organizations: Virtus ’, Wedbush's Dan Ives Virtus
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet bulls will 'sleep well at night with this quarter,' says Wedbush's Dan IvesDan Ives, Wedbush Securities Managing Director, joins 'Closing Bell Overtime' to talk Alphabet earnings, the response to Big Tech earnings so far, what's ahead for the sector and more.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities, Big Tech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview on Tesla earnings with Wedbush's Dan Ives and Gerber Kawasaki's Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Gerber Kawasaki's Ross Gerber, Brian Sullivan, Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShelving Model 2 for Robotaxi could be a gamble that defines Tesla, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins 'Squawk on the Street' to discuss why Ives believes shelving Tesla's Model 2 for Robotaxi would be a considerable gamble, what would be a disaster of epic proportions, and more.
Persons: Wedbush's Dan Ives Dan Ives, Ives Organizations: Wedbush Securities
AdvertisementFor months, the House has been sitting on a bill that would provide aid to Ukraine, Israel, Taiwan, and humanitarian funding for Gaza. But many, if not most, House Republicans are opposed to further Ukraine aid, and House Speaker Mike Johnson now has to deal with Rep. Marjorie Taylor Greene's threat to call a vote on his ouster if he allows more Ukraine aid to pass. AdvertisementMany Republicans oppose Ukraine aid, while Democrats are increasingly skeptical of Israel aidJohnson's plan is aimed at addressing two separate pockets of opposition to the foreign aid package. After October 7, the Biden administration and Senate leaders insisted on tying Israel and Ukraine aid together, with the idea being that including Israel aid would incentivize Republicans to swallow more Ukraine aid. Johnson's plan is designed to allow progressive Democrats to vote against Israel aid, while hard-right Republicans can vote against the Ukraine aid — all while allowing the whole package to move forward.
Persons: Johnson, , Mike Johnson, Marjorie Taylor, Israel •, they're, I'm, Democratic Sen, Chris Murphy, Biden, they've, Israel, Nancy Pelosi, George W, Greene, Thomas Massie of Kentucky, Boehner, — Thomas Massie, Massie, Republicans —, Kevin McCarthy's, Abigail Spanberger Organizations: Service, Republicans, Senate, • Fund, Democratic, Georgia, @RepMTG Locations: Israel, Ukraine, Taiwan, Gaza, Connecticut, Iraq, Russia, Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a 'fork in the road' period for Musk and Tesla, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
The bank reports $1.26 in earnings per share vs. $1.11 expected. A round of price target increases on Constellation Brands after its strong quarter and upside guide Thursday. Following the release and conference call, we reiterated our buy-equivalent 1 rating on shares and raised our price target to $300 from $270. A couple more price target cuts on Tesla . BMO starts coverage on the Novo Nordisk shares with a buy-equivalent outperform rating and a $163 per share price target.
Persons: Wells Fargo, Jefferies, Rosenblatt, Wells, Wedbush's Dan Ives, robotaxi, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Bank, JPMorgan, Citigroup, Constellation Brands, BMO, Devices, Arista Networks, Citi, EV, Boeing, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: China, Tesla, Wells Fargo
Wedbush's Matt Bryson talks the AI chip space
  + stars: | 2024-04-12 | 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 EmailWedbush's Matt Bryson talks the AI chip spaceMatt Bryson, Wedbush Enterprise Hardware Analyst, joins 'Closing Bell Overtime' to talks the AI chipmakers including Nvidia and recent comments from CEO Jensen Huang.
Persons: Matt Bryson, Jensen Huang Organizations: Enterprise, Nvidia
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