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☆ Microsoft is one of the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-06-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.

Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, —, Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning

☆ Watch out, these S&P 500 stocks could fall in the second half of 2024
▼ + stars: | 2024-06-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The S & P 500 is having a hot 2024, but a few names could be poised to fall from grace in the second half of the year. However, the de facto market leader and other high-flying stocks on Wall Street could face pressure after their huge runs, based on consensus price targets. CNBC Pro used its Stock Screener tool to search for S & P 500 constituents that average analyst price targets suggest could slip 10% or more moving forward. NVDA YTD mountain Nvidia stock has climbed 155% in 2024. Still, analysts' price targets suggest that the stock may have gotten ahead of itself, reflecting a nearly 14% decline moving forward.

Organizations: Nvidia, CNBC Pro, Nvidia Investor, Microsoft, Wall, Qualcomm, VanEck Semiconductor, Garmin Locations: China

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ Consumer spending, inflation, and housing are 3 things to watch in the market next week
▼ + stars: | 2024-06-22 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Nvidia had some strong moves in the days after its 10-for-1 stock split traded in the market on June 10. Tuesday brought weaker-than-expected May retail sales , which the stock market took in stride, perhaps on the view that softness helps the view that the Federal Reserve will indeed cut interest rates later this year. Ultimately, the economic readings this past week signal that while U.S. growth remains resilient, things are slowing, which is an ideal setup for stock market bulls. The Fed's favorite inflation gauge and the tail end of earning season will be drivers of the market in the week ahead. ET: New Home Sales Before the bell: General Mills (GIS), Paychex (PAYX), UniFirst (UNF) After the bell: Micron (MU), BlackBerry (BB), Levi Strauss (LEVI) Thursday, June 27 8:30 a.m.

Persons: we're, Levi Strauss, Mills, LEVI, McCormick, Jim Cramer's, Jim Cramer, Jim, Emily Elconin Organizations: Nasdaq, Dow, Nvidia, Microsoft, Apple, Broadcom, Energy, West Texas, Utilities, Federal, Juneteenth, FedEx, Nike, Micron, UniFirst, UNF, BlackBerry, Walgreens Boots Alliance, Outdoor Brands, Jim Cramer's Charitable, CNBC, Shoppers, Getty Locations: U.S, Oaks, Novi , Michigan

☆ China can't get enough of Elon Musk's mom
▼ + stars: | 2024-06-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Maye Musk, the mother of Elon Musk, is really popular in China. The model and dietician is also singing Tesla's praises while in China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMaye Musk, Elon Musk's mom, is a celebrity in her own right. This story is available exclusively to Business Insider subscribers.

Persons: Maye, Elon Musk, Tesla's, —, Elon Musk's Organizations: Service, Sports, Business Locations: China

☆ UBS says AI may be one of the 'largest investment opportunities in human history.' Here's the bank's 4-step approach for investing in the technology.
▼ + stars: | 2024-06-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Big Tech companies are pouring billions of dollars into building data centers to train it. The AI Value ChainAccording to UBS, investors should approach the overall AI industry as three interconnected layers: enabling, intelligence, and application. By understanding the major players in the AI space and investing in the most critical parts of the AI value chain, according to UBS. The bank predicts that the AI landscape will be marked by "vertically integrated" and "monolithic" firms with the scale to reach across the AI value chain. However, its stock hasn't seen the price appreciation that domestic tech companies have, suggesting that there's ample room for valuations to expand.

Persons: Ulrike Hoffmann, UBS's Organizations: Service, Apple, Big Tech, UBS, Business, Nvidia, Dell, Broadcom Locations: China

Trump’s campaign insists the former president is his own best adviser and he alone will make the call. Vance,” Trump Jr. told Newsmax in January. That’s a key concern of Trump’s top advisers who have otherwise let the former president dictate the process. “President Trump should not be made to explain other people’s scandals or statements.”Burgum’s wealth may have worked in his favor for a time when Trump trailed President Joe Biden in the money wars. But the recent influx of cash into the campaign following Trump’s fundraising blitz and criminal convictions has blunted that advantage.

Persons: Donald Trump, Donald Trump Jr, Sen, J.D, Vance, Rupert Murdoch, Trumpworld, Doug Burgum, Sean Hannity, Florida Sen, Marco Rubio, Trump, —, Burgum, Rubio, South Carolina Sen, Tim Scott, Elise Stefanik, Byron Donalds, Ben Carson, “, Susie Wiles, Chris LaCivita, Wiles, “ Susie, Nikki Haley, Scott, In Rubio, Hannity, Kellyanne Conway, Trump’s, Mike Pence, Conway, ” Conway, namechecked Donalds, Marc Andreessen, Brian Hook, Bill Ackman —, Ken Griffin, Griffin, Haley, Steve Bannon, Bannon, Paul, Trump’s Jesus, Jesus, ” Bannon, ” Trump, Newsmax, ” Tucker Carlson, Carlson, Vance “, I’ve, Pence, ”, bankroll, Marco Rubio’s, Joe Biden Organizations: CNN, Ohio Republican, North Dakota Gov, Fox News, Florida, Trump, Republican National Convention, House GOP, Florida Rep, Urban, Street, South Carolina Gov, Indiana Gov, Washington Post, Democratic Party, The New York Times, Wednesday, White, Politico, Trump Jr, GOP, Fox, North, Republican, New, ”, Wall Street, Murdoch’s, Corp, “ Locations: Milwaukee, South Carolina, Florida, New York City, Nevada, Conway, Mar, Washington, South Florida, Miami, Vance’s, North Dakota, White

☆ This pipeline stock could surge 17% on rising natural gas prices and coal phaseout, Argus says
▼ + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pipeline operator Williams Companies offers a way for investors to play rising natural gas prices as demand grows due to the transition away from coal, according to the research firm Argus. "Our upgrade largely reflects our more bullish stance on natural gas prices," analyst Bill Selesky told clients in a research note Thursday. Demand for natural gas should rise due to hot weather conditions and the transition from coal to gas, while supply is constrained and inventories are low, the analyst said. The pipeline operator has rallied as natural gas prices have bounced back 70% over the past two months. "The power-hungry world we live in is rapidly turning to natural gas to generate this power," Armstrong said.

Persons: Williams, Bill Selesky, Selesky, Jenny Harrington, CNBC's, Harrington, Wells, Alan Armstrong, Armstrong Organizations: Williams Companies, Argus, U.S, Energy Information Administration, Williams, Asset Management, Street Locations: U.S, midstream, Tuesday's, Wells

☆ 14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts
▼ + stars: | 2024-06-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Dividend payouts hit a record high during the first quarter of 2024. Below are 14 names with the highest yields among buy-rated stocks, according to TipRanks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Amid rising profits, US companies paid a record $164.3 billion in dividends to shareholders in the first quarter, according to the Janus Henderson Global Dividend Index. And there's more to come: S&P 500 companies are forecast to increase dividend payments by 6% this year, a step up from the 5.1% growth last year, according to S&P Dow Jones Indices.

Persons: —, you've, Janus Henderson, Walt Disney, Dow Organizations: Service, Meta, Mobile, Dow Jones, Business

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
▼ + stars: | 2024-06-21 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve and the Federal Deposit Insurance Corporation said that the so-called living wills — plans for unwinding huge institutions in the event of distress or failure — of Citigroup , JPMorgan Chase , Goldman Sachs and Bank of America filed in 2023 were inadequate. Regulators found fault with the way each of the banks planned to unwind their massive derivatives portfolios. The living wills are a key regulatory exercise mandated in the aftermath of the 2008 global financial crisis. "We are fully committed to addressing the issues identified by our regulators," New York-based Citigroup said in a statement.

Persons: Jane Fraser, JPMorgan Chase, Goldman Sachs, credibly, we've Organizations: Citigroup, Banking, Housing, Urban Affairs Committee, Nations Largest Banks, Federal Reserve, Federal Deposit Insurance Corporation, JPMorgan, Bank of America, Regulators, Wall, Goldman, Bank of, FDIC, Citi Locations: New York

☆ Under Armour to pay $434 million to settle lawsuit over sales disclosures
▼ + stars: | 2024-06-21 | by ( ) edition.cnn.com time to read: +2 min

Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts. The shareholder lawsuit accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company’s financial health. In 2021, the Baltimore-based company had agreed to pay $9 million to settle Securities and Exchange Commission (SEC) charges that it misled investors about its revenue growth. Under Armour said it intends to pay the settlement amount of $434 million through cash on hand as well as by drawing on its $1.1 billion revolving credit facility. The company expects its total accrual in legal proceeding contingencies related to the lawsuit to reach $434 million during the first quarter of fiscal year 2025, from $100 million at the end of fiscal 2024.

Persons: Armour, averts, Kevin Plank, Mark Solomon, Robbins Geller Rudman, Dowd Organizations: Securities, Exchange Commission, SEC Locations: Baltimore

☆ Comeback candidates for 2024's second half include Starbucks and Nike — Here are the rest
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

However, shares of heavyweight companies including Nike and Starbucks have not fared as well this year. The sneaker manufacturer has slipped about 12% in 2024, while Starbucks has pulled back more than 16%. Starbucks The coffee chain posted sluggish fiscal second-quarter results in late April, noting a stark decline in same-store sales. SBUX YTD mountain Starbucks stock. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Christine Cho, Morgan Stanley, Alex Straton, skews, Straton, Raymond James, RJ Milligan, amortization, Milligan Organizations: Nvidia, Nike, Starbucks, CNBC Pro, CNBC, Stock, Caesars Entertainment, Caesars Locations: SBUX, FY3Q24E, China

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

☆ S&P 500 to break above 5,700 in the second half of 2024, Ned Davis Research says
▼ + stars: | 2024-06-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Historical post-election market gains could lead the S & P 500 even higher by the end of the year, according to Ned Davis Research. Ed Clissold, chief U.S. strategist raised his year-end S & P 500 target to 5,725 from 4,900 . Although Ned Davis Research isn't included in CNBC Pro's Market Strategist Survey , when comparing the price targets across various Wall Street names, the firm has the second-highest forecast for the broad market index. The S & P 500's 14.5% year-to-date gains have largely come from high-flying technology names such as Nvidia and Meta Platforms. The S & P 500's equal-weighted version, however, is up just 4% in 2024.

Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, CNBC Pro's, Survey, Federal Reserve, White, Nvidia, Meta Locations: U.S

☆ Apple’s new China problem: ChatGPT is banned there
▼ + stars: | 2024-06-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. But China is one of the first countries in the world to regulate the generative AI technology that powers these popular services. Resurgent competitorsMeanwhile, Chinese smartphone brand Huawei’s smartphone sales growth was 70% in the first quarter, according to Counterpoint Research. In other parts of the world, Samsung uses its own propriety AI technology, along with Google’s (GOOGL) AI model Gemini, which is also banned in China.

Persons: ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, —, ”, Nabila Popal, ” Popal, what’s, Reece Hayden, Apple wouldn’t, Jeff Fieldhack, they’d Organizations: CNN, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC, Research, IDC Research, ABI Research, China, Baidu Locations: China

☆ 2 Goldman Sachs interns share their Wall Street experience and secrets for success, from early mornings to overcommunicating
▼ + stars: | 2024-06-21 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +13 min

Stankard should know — he's a rising senior now, but this will be his second summer interning for Goldman's sales and trading division. "I've always been interested in business generally," said Young about her decision to intern with Goldman last summer. For sales & trading interns like him, the summer is different — they split their nine weeks between two "pods" within the division. Dan Dees Goldman SachsA summer at Goldman is hard workTraders are known for having early work schedules to get ahead of the trading day and clients' needs. Goldman interns mingle Emmalyse BrownsteinAdvice for other interns and applicantsStanding out is hard in the application process.

Persons: —, Goldman Sachs, Anna Kouba, Goldman, Robbie Stankard, He's, Stankard, you've, Willow Young, Goldman Young, I've, Young, Dan Dees, Dees, Tony Pasquariello, Lucy DeStefano, he's, Lucy, they're, Dan Dees Goldman Sachs, it's Organizations: Service, Business, Goldman, Columbia University's, Stanford University, Financial, Group, FIG, Bloomberg, Soros Fund, CNBC, Investment, Wall Locations: Jersey, California, Chicago, New York, Westwood , Massachusetts

☆ Morgan Stanley picks global stocks to play a $50 billion AI boom. Analysts give two over 20% upside
▼ + stars: | 2024-06-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The Wall Street bank estimates that another 1 gigawatts in potential power has been "underwritten as these data centers ramp up." "With $50 billion in committed AI/DC [data center] investments, we see upside to power gencos and grid operators in the region," Morgan Stanley's analysts wrote in a June 2 research note. Below are three stocks from Morgan Stanley's list that stand out for having significant upside potential, according to FactSet's consensus price targets. Analysts polled by FactSet give the stock a price target of 14.62 Malaysian ringgits, giving it around 6% potential upside. Keppel has an ADR in the U.S. and Singapore Telecommunications trades over the counter .

Persons: Morgan Stanley, Morgan, Morgan Stanley's, FactSet, Keppel, — CNBC's Michael Bloom Organizations: Morgan, Google, U.S, Global X FTSE, Asia, Malaysian, Singapore Telecommunications, Singapore Exchange Locations: Tenaga Nasional, Malaysia, Bursa Malaysia, Singapore, Keppel, U.S

☆ WSJ's Greg Ip on the economic impact of upcoming French elections
▼ + stars: | 2024-06-21 | 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 EmailWSJ's Greg Ip on the economic impact of upcoming French electionsGreg Ip, Wall Street Journal deputy economics editor and chief economics commentator, joins 'Squawk Box' to discuss the upcoming French elections, impact on the future of EU, euro and France, and more.

Persons: Greg Ip Organizations: Wall Street, EU Locations: France

☆ Roaring Kitty's slim chance to become a billionaire from his GameStop bet, explained
▼ + stars: | 2024-06-21 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoaring Kitty's slim chance to become a billionaire from his GameStop bet, explainedMeme stock celebrity Keith Gill, aka 'Roaring Kitty,' has been dominating headlines since his online reappearance in May 2024 after a three-year hiatus. Wall Street closely follows his posts, which usually consist of memes and cryptic messages. These messages have caused significant volatility, especially in GameStop shares. Watch the video to see how his return has reignited the meme stock craze and whether his GameStop bet could make him a billionaire.

Persons: Keith Gill Organizations: GameStop

☆ Apple stock gets fresh upgrades pointing to 14% upside as it becomes a leader in the AI race
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The research firms both raised their Apple price target to $240, representing potential upside of 14%. Both CFRA and Bernstein increased their Apple price target to $240 per share on Friday. According to CFRA analyst Angelo Zino, who previously had a $210 price target, Apple is poised to turn the iPhone into "the ultimate personal assistant." "We expect Apple Intelligence (AI) to help support incremental consumer upgrades, driven by loyalists and an aging installed base, with AI being more evolutionary than cyclical that will aid multiple years of growth," Zino said. Bernstein bases its $240 price target on fiscal year 2025 earnings per share of $8.00 and a historically high multiple of 30x earnings.

Persons: Apple, CFRA, Bernstein, —, Angelo Zino, turbocharges Siri, Zino, Toni Sacconaghi, Sacconaghi Organizations: Service, Apple, Apple Intelligence, Apple Stock Locations: WWDC

Meanwhile, Jefferies increased its price target on Ingersoll Rand. Nagel also lifted his price target by $10 to $120, which now suggests shares have upside of 25.6%. Analyst Jason Bednar kept his overweight rating on the dental health stock while slashing his price target by $45 to $330. — Alex Harring 5:56 a.m.: Jefferies raises Ingersoll Rand price target The outlook for Ingersoll Rand is looking brighter after a recent acquisition, according to Jefferies. Analyst Stephen Volkmann reiterated his buy rating on the industrial stock and raised his price target to $110 from $105.

Persons: D.A, Davidson, Jefferies, Ingersoll Rand, Oppenheimer, bullish, Brian Nagel, Nagel, — Alex Harring, Piper Sandler, Jason Bednar, Bednar, Howard Ma, Ma, Evercore ISI's Amit Daryanani, Stephen Volkmann, Fred Imbert, Rudy Kessinger, Kessinger, Palo, PANW, Alex Harring Organizations: CNBC, Palo Alto Networks, Nike, Technology, 2Q, Guggenheim, workloads, Jefferies, ILC, Palo, Network Security, Cloud Security, Security Locations: ILC Dover, Palo Alto, Palo

☆ The stock market is in its longest stretch without a 2% sell-off since the financial crisis
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The S&P 500 has gone 377 days without a 2.05% sell-off. That's the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. Zoom In Icon Arrows pointing outwards The S&P 500 has gone 377 days without a selloff of 2.05% or more, which is the longest period since the Great Financial Crisis. Year to date, the S&P 500 is up more than 14%. Zoom In Icon Arrows pointing outwards The S&P 500 has notched the longest stretch without a 2.15% or more gain since the Great Financial Crisis.

Persons: Angela Weiss, Adam Turnquist Organizations: New York Stock Exchange, Afp, Getty, CNBC, Nvidia, LPL

☆ CVS may soon show whether AI can start to replace call centers
▼ + stars: | 2024-06-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Companies are increasingly turning to AI to see if it can improve the customer service experience. CVS plans to use AI so that pharmacy customers don't have to go through a menu option, per The Wall Street Journal. They'll be able to talk to the AI before being directed to a live agent, CVS Health CTO told The Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCVS plans to use artificial intelligence in an effort to improve the customer-service experience, CVS Health Chief Technology Officer Tilak Mandadi told The Wall Street Journal.

Persons: They'll, —, Tilak Mandadi, Mandadi, Gen Z Organizations: Street, CVS, Service, CVS Health, Wall Street, Business

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer has said he's tentative about the next steps and has the stock in the penalty box. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, WTI, Coterra, Uber, Jeff Marks, Marks, — CNBC's Matthew J, Belvedere, Kevin Stankiewicz, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Microsoft, Apple, Nasdaq, West Texas, Coterra Energy, Reuters, Amazon, Alexa, Starbucks, Wall Street Journal, Jim Cramer's Charitable Locations: U.S

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