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For the past three years, software stocks have suffered as revenue growth softened, and investors remain skeptical about when it will return. For Oracle, that's its cloud infrastructure — a service that has improved Oracle's fundamental growth story, Walravens argued. This strategic move positioned Oracle as a key player in AI, fueling growth in its infrastructure as a services (IaaS) business. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. SAP YTD mountain SAP stock performance year-to-date.
Persons: Raimo Lenschow, Pat Walravens, Walravens, Bernstein, Mark Moerdler, tailwinds, Goldman Sachs, Amy Hood, it's, Keith Bachman, Bachman Organizations: Oracle, Nvidia, Barclays, Investors, Software, Services, Microsoft, SAP, Citizens, CNBC, Google, Oracle Cloud Infrastructure, Microsoft Microsoft, AI Services, Wall, BMO
Nvidia earnings: How to play the stock
  + stars: | 2024-09-11 | 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 EmailNvidia earnings: How to play the stockBen Reitzes, Melius Research head of technology research, joins 'Squawk Box' to discuss Nvidia's recent stock performance, if Nvidia's stock will track macroeconomic concerns, and much more.
Persons: Ben Reitzes
Read previewAI is burning a big hole in the pockets of Big Tech. Leaders at Meta and Alphabet have conceded that they might be funneling too much money into AI out of fear of falling behind in the arms race. AdvertisementGartner's research shows that generative AI requires executives to have a higher tolerance for indirect gains on their investments in the future over immediate returns. AdvertisementBut Big Tech executives believe that generative AI will bring about some of the biggest technological changes the world has seen in the past century — so it's worth the risk. Amazon CEO Andy Jassy said in a letter to shareholders earlier this year that generative AI "may be the largest technology transformation since the cloud" and maybe even "since the internet."
Persons: , Mark Zuckerberg, Zuckerberg, Sundar Pichai, Rita Sallam, Elliott, Andy Jassy, Brian Olsavsky, Dan Ives Organizations: Service, Big Tech, Meta, Business, Nasdaq, Gartner, Analytics, Eliott Management, Financial Times, Big, Wedbush Securities
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe problem with Intel is they are doing so many things at once, says Melius’ Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Fast Money' to discuss Intel as the company's shares cratered 26% after it announced weak guidance and layoffs.
Persons: Melius ’ Ben Reitzes Ben Reitzes Organizations: Intel
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLong-term AI will 'eat a lot of software', says Melius' Ben ReizesBen Reitzes, Melius Research Head of Technology Research, joins 'Closing Bell Overtime' to talk Google pulling back today on SearchGPT news.
Persons: Melius, Ben Reizes Ben Reitzes Organizations: Technology Research, Google
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. The U.S. internet giant said late Monday it is reversing a long-planned move to ditch third-party cookies — the critical text files that track users' web activity for advertisers. And what does Google's decision mean for how you interact with the web moving forward — or, for that matter the advertising industry? Roughly 40.9% of websites globally use cookies to gather data on users, according to data from W3Techs, a web technology research firm. This issue forms the main reason why Google has now decided to terminate its planned depreciation of third-party cookies.
Persons: Daniel Acker, Matthew Holman, Cripps, it's, Google's, Steve Silvers, there's, Silvers, Authority —, Vasiliki, Makou, Jennifer Elias Organizations: Google, Bloomberg, Getty, CNBC, Competition, Authority, ICO, Data Locations: U.S, W3Techs, Europe, London
CNN —The massive offshore wind turbine blade that broke and spread fiberglass and foam debris across Nantucket beaches this week was one of several recent failures of blades made by GE Vernova – a top US wind turbine manufacturer. Several GE Vernova blades have broken on onshore and offshore turbines in Germany, Sweden, Lithuania and the United Kingdom in recent years. Broken wind turbines are “highly unusual and rare,” a GE Vernova representative told Nantucket residents and officials on Wednesday. WBZTown of Nantucket CurrentLast year, three GE Vernova blades broke at the Alfstedt-Ebersdorf onshore wind farm in Germany. The total number of broken turbine blades has been relatively low compared to the large number of blades manufactured each year.
Persons: it’s, Indra Mukherjee, ” Mukherjee, Mukherjee, Julia Pschribülla, Pschribülla, Brooke Mohr Organizations: CNN, GE Vernova, GE, Nantucket, Copenhagen Infrastructure Partners, P, WBZ, Energy Locations: Germany, Sweden, Lithuania, United Kingdom, Avangrid, Copenhagen, Nantucket, Massachusetts, East Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is the single biggest existential risk to chip stocks, says Melius’ Ben ReitzesBen Reitzes, Melius Research head of technology research, joins 'Squawk Box' to discuss the state of the chips sector, risk posed by China, his favorite chip stocks, and more.
Persons: Melius ’ Ben Reitzes Ben Reitzes Organizations: China Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon is playing catch up when it comes to AI, says Roth MKM's KulkarniBen Reitzes, Melius Research head of technology research, and Rohit Kulkarni, Roth MKM managing director, join 'Closing Bell Overtime' to talk the state of the AI trade as the market rally continues.
Persons: Roth, Kulkarni Ben Reitzes, Rohit Kulkarni
Watch CNBC's full interview with Ben Reitzes and Rohit Kulkarni
  + stars: | 2024-07-12 | 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 EmailWatch CNBC's full interview with Ben Reitzes and Rohit KulkarniBen Reitzes, Melius Research head of technology research, and Rohit Kulkarni, Roth MKM managing director, join 'Closing Bell Overtime' to talk the state of the AI trade as the market rally continues.
Persons: Ben Reitzes, Rohit Kulkarni Ben Reitzes, Rohit Kulkarni, Roth
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's end goal is to 'create software on the fly', says Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Closing Bell Overtime' to discuss why he remains bullish on Nvidia and the AI trade.
Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Nvidia
Nvidia has a lot of gas in the tank, says Melius' Ben Reitzes
  + stars: | 2024-06-06 | 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 EmailNvidia has a lot of gas in the tank, says Melius' Ben ReitzesBen Reitzes, Melius Research head of technology research, joins 'Closing Bell Overtime' to talk regulatory scrutiny aimed at Nvidia, the upcoming stock split, the AI trade and more.
Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Nvidia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce's plunge doesn't deter bull case for stock, says Citizens JMP's Patrick WalravensPatrick Walravens, director of technology research at Citizens JMP, joins "The Exchange" to break down Saleforce's stock slump.
Persons: JMP's Patrick Walravens Patrick Walravens Organizations: Citizens
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE ATRC chief: We want to have our own footprint in artificial intelligenceFaisal Al Bannai, secretary general of the Advanced Technology Research Council in Abu Dhabi, discusses the United Arab Emirates' plans to expand its artificial intelligence capabilities.
Persons: Faisal Al Bannai Organizations: UAE ATRC, Advanced Technology Research, United Arab Locations: Abu Dhabi, United Arab Emirates
Apple said sales fell 4 percent to $90.8 billion for the three months that ended in March. Revenue from iPhones, iPads and wearables like the Apple Watch declined from the same quarter last year, while sales of software and services rose. Apple’s struggles were most worrisome in China, the world’s second-largest smartphone market, where sales fell 8 percent. Last quarter, Apple’s share of smartphones sold in China fell 4 percent, according to Counterpoint, a technology research firm. Shares of Apple rose 6.5 percent because the results slightly exceeded Wall Street predictions for quarterly sales and profit and were better in China than feared.
Persons: Apple’s, Trump Organizations: Apple, Justice Department, Revenue, Apple Watch, Huawei Locations: iPhones, China
Read previewDespite years of believing it was the only path, a Los Angeles-based millennial decided against climbing the corporate ladder. Kirra Dickinson, a 27-year-old content creator and manifestation coach, told Business Insider she spent years in technology research after graduating from UC Berkeley. Dickinson said she felt pressure to climb the corporate ladder growing up. In the video, which has over 1.1 million views, Yin said he is electing to "descend the corporate ladder" to better his health. Like some commentators on Yin's video, Dickinson said she felt "relieved" after ditching the corporate ladder.
Persons: , Kirra Dickinson, Dickinson, we're, Octavia Goredema, Zers gravitating, Goredema, Aaron Yin, Yin Organizations: Service, UC Berkeley, Business, Fidelity Locations: Los Angeles, Boston, Salesforce, Southern California, New York
Bitcoin's seven-month rally is on pause heading into May, now that two key catalysts investors had been closely watching this year – the bitcoin ETFs and the halving – are now behind them. The flagship cryptocurrency has fallen nearly 14% in April, according to Coin Metrics, and is on pace to post its first negative month in eight, and its worst month since November 2022, when FTX collapsed. However, it's proved to be a winning month in the previous halving years of 2012, 2016 and 2020. On Tuesday, Hong Kong bitcoin ETFs began trading. "Whether it's the next month or two months, you'll start to see more wealth management firms approve the ETF on their platforms.
Persons: FTX, It's, bitcoin, Antoni Trenchev, Trenchev, it's, Lyn Alden, Swan, Jerome Powell, there's, Alden, Devin Ryan, you'll Organizations: Metrics, Lyn, Lyn Alden Investment, Federal Reserve, JMP Securities Locations: bitcoin, U.S, Hong Kong, Australia, Japan, Singapore, South Korea
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's franchise is very strong, speculation about its demise is 'overblown': Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Closing Bell Overtime' to talk Apple's recent performance, the state of the chip market and more.
Persons: Ben Reitzes Ben Reitzes
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple should have a new app store with AI by June, says Melius Research's Ben ReitzesBen Reitzes, head of technology research at Melius Research, joins 'Squawk on the Street' to discuss Apple's culture, when there will be clarity on the endgame for Apple, and what could distract Apple leadership from their core mission.
Persons: Melius Research's Ben Reitzes Ben Reitzes Organizations: Melius Research, Apple
BofA Securities discusses Taiwan's chip sector
  + stars: | 2024-03-18 | 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 EmailBofA Securities discusses Taiwan's chip sectorSimon Woo, Asia-Pacific technology research coordinator at BofA Securities, says "as along as the demand remains high, strong, the chipmakers can relax."
Persons: Simon Woo Organizations: BofA Securities Locations: Asia, Pacific
Melius' Ben Reitzes on why AMD could be an 'Nvidia-mini'
  + stars: | 2024-03-08 | 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 EmailMelius' Ben Reitzes on why AMD could be an 'Nvidia-mini'Ben Reitzes, Melius Head of Technology Research, joins 'Closing Bell Overtime' to discuss the semiconductor space and his latest note on why AMD could be an 'Nvidia-mini'.
Persons: Ben Reitzes Organizations: AMD, Nvidia, Technology Research
CNN —Archeologists in Turkey say they have discovered the world’s oldest known bread, dating back to 6600 BC. Around the oven, archeologists found wheat, barley, pea seeds and a palm-sized, round, “spongy” residue, it said in a press release Wednesday. Flour and water had been mixed in, with the bread having been prepared next to the oven and kept for a while. “It is an exciting discovery for Turkey and the world,” Kavak said. The organic matter – both wood and bread – was preserved by thin clay that covered the structure, according to Türkcan.
Persons: Turkey’s, Ali Umut Türkcan, Salih Kavak, ” Kavak, “ Çatalhöyük, ” Türkcan Organizations: CNN, Turkey’s Necmettin Erbakan University Science, Technology Research, Anadolu University, Anadolu Agency, Gaziantep University, UNESCO, Research Locations: Turkey, , Çatalhöyük, Turkish, Konya
But Mr. Li maintained that China was on the right track. China had “withstood external pressures and overcome internal hardships,” Mr. Li told the National People’s Congress, a Communist Party controlled body that approves laws and budgets. “The economy is generally rebounding.”The National People’s Congress, a choreographed weeklong event, typically focuses on the government’s near-term initiatives, especially economic objectives. China’s growth goal, and the ways that the government is attempting to achieve it, are under intense international scrutiny this year. Communist Party leaders are trying to restore confidence in China’s long-term prospects and to harness new drivers of growth, such as clean energy and electric vehicles.
Persons: Li, ” Mr, Li’s Organizations: Stock, National People’s Congress, Communist Party, People’s Congress Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's Gemini chatbot is 'evolutionary not revolutionary', says Melius' Ben ReitzesBen Reitzes, Melius Research Head of Technology Research, joins 'Fast Money' to talk Google's revamped AI chatbot and what it means for the company and AI landscape.
Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Technology Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Cook's language hints AI strategy is coming: Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Power Lunch' to discuss how Apple will eventually become an AI company, the iPhone sales issues, and more
Persons: Tim, Ben Reitzes Ben Reitzes Organizations: Apple
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