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☆ Morgan Stanley picks global stocks to play a $100 billion AI boom, giving one 40% upside
▼ + stars: | 2024-05-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The analysts project that over $100 billion will be channeled toward such "potential investments propel[ling] AI and spur[ring] power demand growth in Asia." Here are three of Morgan Stanley's overweight-rated stock picks with more than 35% upside potential over the next 12 months. Morgan Stanley has a target price of 7.20 Singapore dollars ($5.35) on the Singapore Exchange -listed shares, giving them 36.9% potential upside. GDS Holdings Another Morgan Stanley favorite is Chinese data center developer and operator GDS Holdings . Morgan Stanley has a target price of $13.30 on the Nasdaq-listed stock, which translates to 40% potential upside.

Persons: Morgan Stanley, Morgan Stanley's, Tenaga Nasional Morgan Stanley, — CNBC's Michael Bloom Organizations: Tenaga Nasional, Tenaga, Microsoft, Amazon Web Services, U.S, Global X FTSE, Asia, Malaysian, Industries, Sembcorp, Morgan, Singapore, Sembcorp Industries, GDS, GDS Holdings, ASEAN, Nasdaq Locations: Asia, U.S, Malaysian, Tenaga Nasional, Bursa Malaysia, Malaysia, Singapore, Cambria, China, Japan, Hong Kong, Indonesia

☆ Baupost’s Seth Klarman picked up a few AI-linked stocks in the first quarter
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Baupost's Seth Klarman found a slew of buying opportunities in the first quarter, including a handful of artificial intelligence-linked stocks, according to a new regulatory filing. The noted hedge fund investor added a sizable stake in web recommendation platform Outbrain last quarter, building a bet worth more than $100 million and making it his ninth largest position. Klarman also took a small bet in Soundhound AI , a voice AI and speech recognition company. And just like Buffett, Klarman has increased his exposure to the tech sector in recent years to take advantage of its explosive growth. In this case, Klarman significantly increased exposure to the group after prices got a lot cheaper.

Persons: Baupost's Seth Klarman, Klarman, Warren Buffett, Buffett, Klarman hasn't Organizations: GDS Holdings, CNBC Locations: China

☆ Morning Bid: AI buzzes but market shrugs at Nvidia beat
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +5 min

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. Remarkably, Nvidia managed to vault the sky-high bar for quarterly earnings, revenue and projections yet again in its latest update overnight. Bond volatility (.MOVE) has also fallen to two-month lows, while currency market 'vol' (.DBCVIX) is plumbing 20-month lows. CONCERN OVER HOME SALES, HOLIDAY SEASON SALESNews of a drop in U.S. existing home sales last month to a 13-year low was perhaps as important as the Fed minutes - as was warnings from more major U.S. retailers, this time Best Buy and Nordstrom, about sticky holiday season sales and the need for discounting. The dollar (.DXY) was a touch higher on Wednesday, meantime, with most overseas stock markets firmer too.

Persons: Lucas Jackson, Mike Dolan, thrall, OpenAI, Sam Altman, Changpeng Zhao, October's, Jeremy Hunt's, underperformed, Jeremy Hunt, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, U.S, Nvidia, Federal, Nordstrom, University of Michigan, Bank of Canada, Treasury, Deere, Reuters Graphics Reuters, Thomson, Reuters Locations: New York, U.S, Gaza, China, yearend, York, Beijing

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 5 (Reuters) - Enbridge (ENB.TO) will buy three utilities from Dominion Energy (D.N) for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business. The deals for East Ohio Gas, Questar Gas, and Public Service Co of North Carolina will consist of $9.4 billion in cash and $4.6 billion of assumed debt. U.S.-listed shares of Enbridge fell 6.5% to $33.01 in extended trading after the company also announced a C$4 billion ($2.9 billion) bought-share sale to fund a portion of the deal. The modest improvement in Enbridge's business risk profile is not enough to "offset ongoing pressure on the company's financial profile," said Gavin MacFarlane, vice president and senior credit officer at Moody's, in a statement.

Persons: Chris Helgren, Berkshire Hathaway, Greg Ebel, Enbridge, Patrick Murray, Moody's, Gavin MacFarlane, Morgan Stanley, Sullivan, Cromwell, McCarthy Tétrault, Arunima Kumar, David French, Denny Thomas, Shailesh Kuber, Sriraj Kalluvila, Richard Chang Organizations: REUTERS, Dominion Energy, East Ohio Gas, Public Service Co, Dominion, Federal Trade Commission, Foreign Investment, Co LLC, RBC Capital Markets, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Canadian, North Carolina, Enbridge, Point, United States, Ohio , North Carolina , Utah , Idaho, Wyoming, North America, Bengaluru, New York

☆ Bain’s Chindata buyout saga verges on absurd
▼ + stars: | 2023-07-13 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

On first blush, that appears to be what Bain Capital (BCSF.N) is trying to do with Chinese data centre operator Chindata . But it’s a saga that’s starting to verge on the absurd. Bain took Chindata public on the Nasdaq in September 2020. Less than three years later, the U.S. leveraged buyout veteran offered $8 per American Depositary receipt, valuing the company at $2.9 billion. The company has yet to acknowledge the offer from China Merchants Capital.

Persons: Bain, Chindata, there’s, Bain’s, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, Bain Capital, Nasdaq, U.S, Bloomberg, China Merchants Group, Chindata, Citi, Bain, China Merchants Capital, Thomson Locations: People’s Republic

☆ Morgan Stanley says these stocks will benefit from an A.I. boom
▼ + stars: | 2023-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The current buzz surrounding artificial intelligence is here to stay, creating plenty of trading opportunities as the technology grows, according to Morgan Stanley analyst Shawn Kim. However, the hype around generative AI may be justified and the technology feels genuinely exciting," Kim said in a note on Tuesday. Morgan Stanley anticipates that increased demand for computer power needed for AI training will lead to rapidly growing markets for graphics and central processing units. In the generative AI world, "the raw material is data; the user of that material is hyperscale data centers; the enabling workhorse is semiconductors," wrote Kim. GDS "has more balanced exposure to all internet companies," Kim said, adding that its "valuation is more reasonable."

read moreAbout 10 officials from the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF) have arrived in Hong Kong and joined the audit inspection, which started on Monday, three of the people said. State-owned China Southern Airlines and data centre company GDS Holdings are among the U.S.-listed Chinese companies for audit inspection in the Asian financial hub, two separate sources said. Reuters reported last month that U.S. regulators had picked a number of U.S.-listed Chinese companies including e-commerce majors Alibaba Group Holding Ltd (9988.HK) and JD.com Inc (9618.HK) for audit inspection. It was not clear whether the Chinese officials would be present for every step of the inspection process with PCAOB representatives. The onsite inspections by the PCAOB are being conducted in the Hong Kong offices of the selected Chinese companies' audit firms, said two of the sources.

read moreAbout 10 officials from the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF) have arrived in Hong Kong and joined the audit inspection, which started on Monday, three of the people said. However, in a speech on Thursday, PCAOB chair Erica Williams said agency officials had arrived in Hong Kong to begin the inspections. As with all inspections, they will look at factors, including the audits of the selected companies and the overall quality control systems of the audit companies. State-owned China Southern Airlines and data centre company GDS Holdings are among the U.S.-listed Chinese companies for audit inspection in the Asian financial hub, two separate sources said. The onsite inspections by the PCAOB are being conducted in the Hong Kong offices of the selected Chinese companies' audit firms, said two of the sources.

☆ В Молдове ожидается туман
▼ + stars: | 2020-10-28 | by ( ) www.moldpres.md time to read: 1 min

Государственная гидрометеорологическая служба объявила на завтра "желтый" код метеоопасности в связи с туманом на большей части территории Молдовы, передает МОЛДПРЕС. По сообщению синоптиков, туман будет сохраняться на большей части территории, в основном в центральных и южных регионах, видимость составит менее 200 метров. Полиция напоминает водителям о необходимости соблюдать условия безопасного движения в условиях плохой видимости: снизить скорость; воздерживаться от маневров, которые могут быть опасны в условиях низкой видимости; использовать противотуманные фары в оснащении автомобилей. В последующие дни в стране ожидается температура 13-18 градусов. В выходные дни ожидается пасмурная и дождливая погода.

Persons: gds.ro Organizations: МОЛДПРЕС Locations: Молдова

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