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Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.
Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI
Analyst Gil Luria maintained his price target of $475, which is approximately 9% higher than where Microsoft stock closed on Friday. In particular, Amazon Web Services and Google Cloud Platform appear to pose the biggest threats to Microsoft's Azure cloud computing platform. But Amazon Web Services is now adding nearly as much cloud business, while Google Cloud Platform's current acceleration is comparable to that of Azure's last-quarter growth rates. "While Microsoft has discussed its Maia chips, it is years behind Amazon and Google and appears to be using them only to run Azure OpenAI Services workloads. We believe this means Microsoft has been escalating an arms race it may not be able to win."
Persons: D.A, Davidson, Gil Luria, Luria, Maia Organizations: Microsoft, Amazon Web Services, Google, Services, Amazon, OpenAI Locations: OpenAI
DA Davidson's Gil Luria explains his Microsoft downgrade
  + stars: | 2024-09-23 | 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 EmailDA Davidson's Gil Luria explains his Microsoft downgradeDA Davidson senior software analyst Gil Luria joins 'Closing Bell Overtime' to explain his downgrade of Microsoft.
Persons: DA Davidson's Gil Luria, Gil Luria Organizations: DA, Davidson, Microsoft
Read previewApple Intelligence didn't come with the latest iPhone 16 drop on September 20, but that won't matter — analysts are confident that it'll still boost iPhone 16 sales throughout the next 12 months as Apple releases the AI-powered features in multiple software updates. "Apple Intelligence is still the big driver," Gil Luria, an Apple analyst for D.A. The analyst compared Apple Intelligence's sales boost potential to the excitement around 5G coverage for iPhone 12 about four years ago. According to the analyst, the difference now is that Apple Intelligence won't come out of the box. Luria, the Apple analyst, told BI that Apple Intelligence won't be a popular feature until people can start using it, comparing it to AI's dominance after ChatGPT was released to the public in 2022.
Persons: , Gil Luria, Davidson, Chi Kuo, Luria, Dan Ives, Ives, Ron Witt, " Luria, ChatGPT Organizations: Service, Apple, Apple Intelligence, D.A, Business, BofA Global Research, BI, 5G, Wedbush Securities Locations: Cupertino, San Francisco and New York, San Francisco
Apple Intelligence, the AI feature analysts believe will spark a consumer rush to update their iPhones, Business Insider previously reported, was not installed in the new iPhones straight out of the box. AdvertisementDespite the lines, the data shows that preorder sales took a hit this year — possibly due to the absence of Apple Intelligence. The average global shipping time for the iPhone 16 was 7 days compared to 9 days for the iPhone 15. Shipping times for the 16 Pro Max were 11 days compared to 19 days for the 15 Pro Max. The level of draw Apple Intelligence will have on customers is also in question.
Persons: , Siri, Ron Witt, Witt, It's, Saul Campos, Campos, Tim Cook, it's, Mark Gurman, Chi Kuo, Kuo, Max, Gil Luria, Davidson, Techradar, Apple Organizations: Service, Apple, Apple Intelligence, Business, Apple's, CNBC, Reuters, Shipping, D.A, Consumer Intelligence Research Partners Locations: San Francisco, New York, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailColliers U.S. CEO: Commercial real estate still has some stress to come and loans to be worked outGil Borok, Colliers U.S. and Latin America CEO, joins 'Money Movers' to discuss if Borok thinks rate cuts mark the peak in commercial real estate delinquencies, how the chief executive sees the current environment, and much more.
Persons: Gil Borok, Borok Organizations: Colliers, Colliers U.S, America
Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.
Persons: , it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York
It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.
Persons: , Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't
Meta: Here's why DA Davidson is bullish on the stock
  + stars: | 2024-09-10 | 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 EmailMeta: Here's why DA Davidson is bullish on the stockGil Luria, D.A. Davidson senior software analyst, joins 'Power Lunch' to discuss naming Meta as a top pick for AI.
Persons: Davidson, Gil Luria, D.A Organizations: Davidson
The crew apparently didn't have permission from Disney to shoot the final scene. The final scene of the movie zooms in on a band performing on top of the high school. Buena Vista PicturesIn the final scene of the movie, Letters to Cleo performs a cover of Cheap Trick's "I Want You to Want Me" on the roof of Padua High School. But Disney originally told the director that he couldn't do it because the shot would be too expensive. They also didn't have permission to film on the roof, but Junger decided to shoot it anyway.
Persons: Cleo, Junger, Kay Hanley, Gil Organizations: Buena Vista Pictures, Padua High School, Disney, New York Times, Puget Sound Locations: Padua, Hollywood
CNN —Apple excited fans with its vision for its “Apple Intelligence” artificial intelligence system earlier this year. Apple faces immense pressure ahead of the event to prove the new AI features and other iPhone 16 updates are worth shelling out for an upgrade. Subplot or main character, here is everything we’re expecting from the Apple event. The company’s task on Monday will be to show iPhone users what that will look in real life. A major question heading into Monday’s event is how Apple will price the iPhone 16 lineup.
Persons: Ming Yeung, Dan Ives, Wedbush, ” D.A, Davidson, Gil Luria, Siri, ” Luria, , Tiffany, Tiffany R, you’ll, Luria, Aly Song, , , Mark Gurman, CFRA Research’s Angelo Zino, Gurman, Samantha Kelly, Ramishah Maruf Organizations: CNN, Apple, Apple Intelligence, Apple Watch Locations: Milan, Italy, , Shanghai, China
Read previewChat GPT-5, the next version of OpenAI's language model that changed everything, is on the way. As AI developers wait to test GPT-5, some have found a new way to bootstrap their way to more advanced AI without an entirely new model. Fewer idle GPUs then translate to more affordable computing, as Davis explained on the No Priors podcast released Thursday. When Davis and his co-authors used the compound AI method, the layered model produced the correct answer 37% of the time — a nearly 10-fold increase. "I think people are getting more sophisticated at thinking about cost in more of a life-cycle way," Davis said.
Persons: , Jared Quincy Davis, Davis, Sarah Guo, Elad Gil, iterating Organizations: Service, Business, Foundry, Lightspeed Venture Partners, Sequoia Capital, Systems
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. They assessed participants' flexibility, based on a range of motion through the ankles, hips, knees, shoulders, torso, wrists, and elbows. AdvertisementWomen were 35% more flexible, on average, than men, according to this study (and tend to live longer, too, per CDC data). A caveat is that this study was observational, meaning more research is needed to see if improving flexibility can help people live longer. The best exercises to improve flexibilityMore research could also help determine which exercises are best for improving flexibility, and longevity.
Persons: , Araújo, There's, Claudio Gil S Organizations: Service, Scandinavian, of Medicine & Science, Business, Stanford, Exercise Locations: Rio de Janeiro
At this year’s Olympic games, Latino fans cheered on athletes from their home countries as well as those representing Team USA. As the Paris Games come to an end, thirteen Latinos are returning home with gold medals. Beatriz Sousa brought Brazil, Latin America's gold medal leader, its first Paris gold medal in the 78kg+ judo final. Latino medal countdown, by country:Brazil took home the most medals of any Latin American country at the Olympic Games, including three gold medals. Latino athletes on Team USA were part of team events that earned the U.S. two gold medals and one silver medal at the Games.
Persons: Rebeca Andrade, Simone Biles, Andrade, Beatriz Sousa, Marileidy Paulino, Diana Taurasi, Sue Bird, Mijain López Núñez, López Núñez, Adriana Ruano, Cuba’s Erislandy Alvarez, Brazil’s Ana Patrícia, Duda Lisboa, Francisca Crovetto Chadid, Chile’s, Paris Games —, Jose Torres Gil, , ” Torres Gil, Brian Pintado, Hezly Rivera, Rivera, Ángel, Shinnosuke Oka, Oka, Daniella Ramirez, Anita Alvarez, Sebastian Rivera Organizations: Team USA, Paris Games, Paris, USA’s, Olympic, Cuba, Canada, American, Argentina, Associated Press, Ecuador —, Dominican, U.S, Games, Paris Olympics, Ángel Barajas, Barajas, USA, Olympics, Puerto Rico, Rutgers, NBC Locations: Brazil, Dominican Republic, Guatemala, Paris, Argentina, Chile, Colombia, Cuba, Ecuador, Mexico, Peru, Puerto Rico, Venezuelan American, New Jersey, Puerto
CNN —Venezuelan President Nicolas Maduro has said he’s taking steps to ban the social media platform X, formerly Twitter, in the country for 10 days, after a public dispute with its owner Elon Musk over the contested election that Maduro claimed to have won. Maduro’s announcement comes after he and Musk publicly exchanged criticism over a Venezuelan election that Maduro claimed to win, but which the United States and other Western countries say he lost. Musk has said on X that “Maduro is not a good guy” and accused him of “major election fraud.” Maduro in return has accused Musk of conspiring against his country. The US said last week “it is clear” that Maduro lost the popular vote in Venezuela’s election, as a key opposition leader said she was in hiding in fear for her life. Protests broke out across Venezuela after the country’s electoral body, which is stacked with regime allies, announced Maduro as the winner with 51% of the votes.
Persons: Nicolas Maduro, Elon Musk, Maduro, he’d, Musk, , , Edmundo González Urrutia, Antony Blinken, Yvan Gil, Edmundo Gonzalez — Organizations: CNN, National Telecommunications Commission, ” CNN, WhatsApp, US, Locations: Venezuelan, United States, Venezuela’s, Venezuela
Read previewVice President Kamala Harris announced on Tuesday that she has selected Minnesota Gov. Tim Walz as her vice presidential pick, tapping a Midwestern mainstay who has deep roots in rural America to balance out the Democratic presidential ticket. Walz's selection was first reported by CNN. The former president held a rally in Minnesota not long before Walz's selection was announced. Related stories"What I know is that people like JD Vance know nothing about small town America," Walz recently told MSNBC.
Persons: , Kamala Harris, Tim Walz, Tim, Harris, Joe Biden, CNN . Walz, Sen, Mark Kelly of Arizona, Josh Shapiro, Richard Nixon, Trump, Walz, JD Vance, Ohio, oSEAjbL9Ou — Tim Walz, George Floyd's, Paul, Jimmy Carter, Bill Clinton, America Harris, Walz's, Gwen, Stephen Maturen, Gil Gutknecht, GovTrack, Barack Obama's Organizations: Service, Minnesota Gov, Democratic, Business, Democratic Party, CNN, Gov, Pennsylvania, Minnesota, GOP, MSNBC, Voters, Democratic Governors Association ., Army National Guard, Guard, Chadron State College, Omaha World Herald, Farmer, Labor Party gubernatorial, Republican Rep, Republicans, National Rifle Association, Midwest, aren't Locations: America, Minnesota, @Tim_Walz, Chicago, Nebraska, Omaha, Pine, Lakota, Iraq, Iowa, Michigan, Wisconsin
Paris CNN —Belgium’s Remco Evenepoel made history on Saturday, becoming the first male cyclist to claim gold in both the road race and time trial at the same Olympic Games. “Crossing the finish line, I realized I just became the double Olympic champion in one week, something I could only dream of,” Evenepoel told CNN. Evenepoel and Valenton Madouas of Team France pass through the Côte de la Butte Montmartre while fans cheers during the men's road race. David Ramos/Getty ImagesInside the final 40 kilometers (25 miles), Evenepoel broke away from a peloton that included top rivals like Mathieu van der Poel of the Netherlands. Belgian cyclist Remco Evenepoel celebrates his gold medal for the men's cycling road race at the Belgium House in Paris, France on August 3, 2024.
Persons: Paris CNN —, Evenepoel, ” Evenepoel, Usain Bolt, Michael Phelps, David Ramos, Mathieu van der, France’s Valentin Madouas, , “ It’s, , Remco Evenepoel, Jasper Jacobs, Gil de Vis, it’s, ” de Vis Organizations: Paris CNN, Tour de France, CNN, Olympics, France, , Eiffel, Belgium House, MAG, Getty Locations: Paris, Netherlands, Belgian, Belgium, France, Aalst, Brussels
The demonstrations – a regular occurrence – were notable for taking place despite urgent security warnings as Israel braces for a possible strike from Iran. Videos showed protestors waving Israeli flags and holding up signs with images of the Israeli hostages. Of that number, 111 hostages were taken during the October 7 Hamas-led attack on Israel, which killed over 1,200 people. “The head of the Mossad did not say that there was a deal ready and that it should be accepted. “While Prime Minister Netanyahu agreed to the deal outline, Hamas has been trying to introduce dozens of changes that, de facto, nullify the outline,” the statement said.
Persons: Benjamin Netanyahu, Ismail Haniyeh, “ We’re, , , , Netanyahu’s, Yair Lapid, Netanyahu, Gil Cohen, David Barnea, Shin Bet, banged, CNN’s Eugenia Yosef, Larry Organizations: CNN, Hamas, IDF, Minister’s Office, Gaza’s Ministry of Health, United Nations, Israeli Prime, Magen, Getty, Locations: Israel, Gaza, Iran, Tehran, Tel Aviv, AFP
Minneapolis CNN —For 90-plus years, the Parkway Theater has been a fixture in South Minneapolis, gathering generation after generation of patrons in front of its lone movie screen. The Parkway Theater of today is one part revival house cinema, one part performing arts venue, and another part community event space. Parkway Theater owners Ward Johnson (left) and Eddie Landenberger in the theater lobby in Minneapolis on July 8. Moviegoers at a drive-in movie theater in the parking lot of the Rose Bowl in Pasadena, California, on September 3, 2020. Still, cinema operators have to be cautious in their approach, said Kate Markham, administrative coordinator with Art House Convergence, a coalition of independent, community-oriented cinemas.
Persons: David Hancock, Omdia’s, , ” Hancock, “ Young Frankenstein ”, moviegoing, , Ward Johnson, Eddie Landenberger, Christian Meoli, , Ricard Gil, Michael Tullberg, ” Gil, “ Barbie, Ward, Alicia Wallace, ” Johnson, ” Andrew Sherburne, “ We’re, Meoli, there’s, showmen, Bing Guan, , Bill Campbell, showmen ”, Rich Daughtridge, they’ll, ” Campbell, Kate Markham Organizations: Minneapolis CNN —, Parkway, CNN, Omdia, Theater, Cinelounge, Wim, Queen’s University, Disney, El Capitan Theatre, Hollywood, Global Entertainment, Media, Blockbuster, Rose Bowl, Bloomberg, Independent Cinema Alliance, Orpheum, ICA, Art, cineplex Locations: Minneapolis, South Minneapolis, London, California, Canada, Los Angeles , California, , Iowa City , Iowa, That’s, Tiburon , California, Pasadena , California, Covid, Sheridan , Wyoming, Maryland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEntire value of Amazon can be justified by just AWS, says D.A. Davidson's LuriaGil Luria, D.A. Davidson, joins 'Squawk on the Street' to discuss Amazon's quarterly earnings results, what could be an ongoing expense for the company, and more.
Persons: Davidson's Luria Gil Luria, D.A, Davidson
Wall Street to Big Tech: Is AI ever going to make money?
  + stars: | 2024-08-02 | by ( Clare Duffy | ) edition.cnn.com   time to read: +7 min
New York CNN —There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? But Big Tech still has relatively little to show for all their billions spent in terms of significant revenue gains from AI or profitable new products, and investors are starting to get antsy. Shares of both Google and Microsoft dipped following their earnings reports, a sign of investors’ discontent that their huge AI investments hadn’t led to far-better-than-expected results. She added: “Gen AI is where we’re much earlier … We don’t expect our gen AI products to be a meaningful driver of revenue in ’24. As an example of just how long it can take AI products to come to fruition, take Tesla’s AI-based “full self-driving” technology.
Persons: New York CNN — There’s, ChatGPT, , Morgan Stanley, Keith Weiss, Steven Ju, Sundar Pichai, Goldman Sachs, , ” D.A, Davidson, Gil Luria, Meta, Amy Hood, , Susan Li, that’s, ” Luria, we’re, Jim Covello, Tesla, FSD, Google’s Pichai, Mark Zuckerberg, — Luria Organizations: New, New York CNN, Big Tech, UBS, Google, Microsoft, CNN, Meta Locations: New York, Silicon Valley
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft and other tech giants' AI capex is not sustainable: AnalystGil Luria of D.A. Davidson says that customer demand for AI services is continuing to drive Microsoft and other hyperscalers' unsustainable levels of spending.
Persons: Gil Luria of D.A, Davidson Organizations: Microsoft
Place de la Concorde, Paris CNN —Triumph and tragedy are everywhere you look at the Olympics, and the men’s BMX park final on Wednesday had a surfeit of both. Martin crashed on both of his runs, his title defense wilting in the Paris heat, while Jeanjean recovered superbly on his second run to take a hard-earned bronze medal. As for the triumph, take José Torres Gil, the Argentinian rider who won his country’s first individual gold medal in a cycling discipline with a stunning initial score of 94.82. Great Britain’s Keiran Reilly took silver after packing trick after trick into his second run, hauling himself above Jeanjean with the final act of the competition. “It’s not easy at all when you’ve been training day-in, day-out for a year and you fall on the first trick, the first run,” Jeanjean said.
Persons: – Australia’s, Logan Martin, France’s, Anthony Jeanjean –, Martin, Jeanjean, José Torres Gil, , , Torres Gil, Britain’s Keiran Reilly, Anthony Jeanjean, Markus Gilliar, Torres, , that’s, Kieran Reilly, Alex Broadway, you’ve, ” Jeanjean, ” Torres, Reilly, Marcus Christopher, Justin Dowell Organizations: Concorde, Paris CNN —, Olympics, Urban Sports, Tokyo Olympics, Frenchman, Games, Getty, Pan American Locations: Paris, sprawled, Europe, Tokyo, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFacebook marketing partner on the potential slowdown in digital adsGil David, Owner of Run DMG, discusses a potential slowdown in the digital advertising market following results from Alphabet.
Persons: Gil David Organizations: DMG
The Israeli military said that the bodies were found in the Khan Younis area on Wednesday. Israeli forces retrieved the bodies of five Israeli hostages held in Gaza, the Israeli military said on Thursday, amid growing international pressure for a cease-fire deal that would involve the release of the remaining captives. The Israeli leader has been facing increasing anger from Israelis over the fate of the hostages in Gaza. The Israeli military said that the bodies were found in the Khan Younis area on Wednesday and that intelligence — including information from detained Palestinian militants — had guided forces to their location. “The war in Gaza could end tomorrow if Hamas surrenders, disarms and returns all the hostages,” Mr. Netanyahu said during his address to Congress on Wednesday.
Persons: Khan Younis, Younis, Benjamin Netanyahu, Biden, Kamala Harris, — Maya Goren, Tomer Ahimas, Kiril Brodski, Oren Goldin, Ravid Katz, Brodski, Ahimas, , Goren, Nir Oz, Katz, . Goldin, Tal Haimi, Netanyahu’s, ” Mr, Netanyahu, Nissim Kalderon, Ofer, Mr, hesitating, , , you’re, Kalderon, “ Benjamin Netanyahu, , Gil Dickmann, Carmel Gat, ” Rawan Sheikh Ahmad Organizations: White, United Nations Security, Capitol Police Locations: Gaza, Israel, Washington, Tel Aviv, Be’eri
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