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☆ Apple's iPhone shipments to China surged in April. Jim Cramer says there's more to the story
▼ + stars: | 2024-05-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In response, Jim Cramer said, "Nvidia is capturing so much of the mindshare that maybe people are selling [the broader market] to make a bigger position in Nvidia." The Club shares similar sentiments to the Wall Street firms — saying a break up is a win for shareholders. 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 .

Persons: Jim Cramer, Jim, shouldn't, DuPont's, Ed Breen's, Jim Cramer's, DOV, NVDA Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Apple, China Academy of Information, Communications Technology, UBS, Citi, DuPont, BMO Capital, Wells, Wells Fargo Securities, Wall Street Locations: China, Wells Fargo, Dover

Goldman Sachs hiked its price target on Nvidia, calling for nearly 20% more gains ahead. The firm upgraded shares of Target to buy from neutral, and reiterated its $180 per share price target. The firm upgraded the clothing retailer to buy from neutral and increased its target price to $28 per share from $21. — Brian Evans 5:45 a.m.: Goldman Sachs raises Nvidia price target on still strong AI demand Goldman Sachs sees enough demand for artificial intelligence to drive sky high Nvidia even higher. The firm reiterated a buy rating on the chipmaker and raised its 12-month price target on the chipmaker to $1,100 from $1,000.

Persons: Goldman Sachs, TGT, Paul Lejuez, — Brian Evans, Wall, Brian Evans, Stephanie Yee, Toshiya Hari, Myles Allsop, Allsop, Fred Imbert Organizations: CNBC, Nvidia, UBS, Vale, Citi, Target, JPMorgan, UL Solutions, UL Locations: Monday's, North America, U.S, stoke, RIO

☆ What all the cool kids want. How 6 portfolio stocks fared in Piper Sandler's new survey of teen likes and dislikes
▼ + stars: | 2024-04-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfolio. They added, that in their view, the Starbucks brand remains a "relevant social currency among teens." But they noted that Nike is now "starting to see weakness in overall brand mindshare." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Piper Sandler, it's, Estee Lauder, Locker —, Instagram, TikTok, China's ByteDance, Dunkin, Locker, Foot, Jim Cramer's, Jim Cramer, Jim, Avishek Das Organizations: Teens Survey, Apple, Facebook, Apple Watch, Starbucks, MAC, Sporting Goods, Nike, Piper, CNBC, Getty Locations: Piper's, Israel, Asia

☆ Skip EV stocks like Tesla, says fund manager, naming a 'phenomenal' alternative
▼ + stars: | 2024-03-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Competition is heating up in the electric vehicle industry, especially between investor favorite Tesla and Chinese automakers like the Warren Buffett-backed BYD . He said that most EV businesses had not succeeded in making money yet, given the "extraordinary" amount of capital invested initially. He manages over $750 million across the Latitude Horizon Fund and the Latitude Global Fund . 'Phenomenal' Ferrari Lait described Ferrari in particular as "a phenomenal business." The average price target on Ferrari is 391.96 euros ($425.14), according to FactSet data, giving it potential downside of around 8%.

Persons: Tesla, Warren Buffett, EVs, Freddie Lait, CNBC's, Lait, Ferrari Lait, Ferrari, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Latitude Investment Management, Ferrari, Motors, Volkswagen, BMW, New York Stock Exchange, Euronext, Euronext Milan, UBS Locations: Euronext Milan

☆ Sam Altman just reminded everyone why OpenAI is leading the pack
▼ + stars: | 2024-02-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

On Thursday, OpenAI unveiled its new text-to-video model Sora. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This time, it’s not because of a shock ousting from OpenAI , nor is it because of anything to do with ChatGPT . Instead, it’s because of a whole new AI model called Sora.

Persons: Sam Altman, OpenAI, —, Sora, “, ”, MrBeast, Carl Pei, Will Smith, Nikunj, Altman, ” Kothari, mindshare, it’s, Donald Trump, Joe Biden Organizations: Service, Dreamworks, Google, Nvidia, Khosla Ventures Locations: OpenAI, California, New York, Hollywood

☆ These were the most traded stocks and options heading into Christmas, Interactive Brokers says
▼ + stars: | 2023-12-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Interactive Brokers on Tuesday compiled a list of its 25 most traded stocks and options between Dec. 18 and Dec. 22. They also put in more than 62,000 Tesla options orders. Other heavily traded stocks include Nvidia , crypto mining company Marathon Digital and Advanced Micro Devices . They also traded more than 32,000 Nvidia options orders, along with 14,694 for Marathon and over 16,000 for AMD. Clarification: This story has been updated to reflect the data refers to stock and options orders.

Persons: Steve Sosnick, Tesla, it's, Sosnick Organizations: Interactive, Nvidia, Marathon, Devices, Traders, AMD, Nasdaq, Dow Jones

☆ Inside WPP's multiyear plan to transform its giant media buying business GroupM
▼ + stars: | 2023-11-14 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

While GroupM always had country-level P&Ls, it previously let its individual agencies — EssenceMediaCom, Wavemaker, MSix&Partners, and Mindshare — be responsible for their own budgets. This move is the latest in Juhl's plan to make these different media agencies follow similar business practices across all of the markets in which GroupM operates. Under Juhl, GroupM centralized media delivery within a unit called Nexus and centralized all of GroupM's data and technology within a unit called Choreograph. Juhl said that despite the push to streamline its business, GroupM's individual agency brands will continue to operate as separate entities rather than a homogenous media group. WPP said last month it will reveal more details about its plans to simplify GroupM at its Capital Markets Day in January.

Persons: Christian Juhl, GroupM, Juhl, —, Publicis, EssenceMediaCom, Mindshare, Kirk McDonald Organizations: Business, Ls, MSix, Partners, Groupe, Unilever, North America, WPP Locations: GroupM, China

☆ Kirk McDonald, North America CEO of WPP's GroupM, will leave the company. Read the internal email about his departure.
▼ + stars: | 2023-10-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Kirk McDonald, the North America CEO of WPP's media buying division GroupM, is set to leave the company, GroupM confirmed on Monday. Mindshare Global CEO Adam Gerhart will take on additional duties as GroupM North America CEO while the company searches for a permanent replacement, Juhl wrote. "He has also been a valuable partner to me and the global GroupM leadership community more broadly." Under McDonald's leadership, GroupM North America has sought to implement a "responsible investment strategy." He has also been a valuable partner to me and the global GroupM leadership community more broadly.

Persons: Kirk McDonald, GroupM, Christian Juhl, McDonald, Adam Gerhart, Juhl, Kirk, Mark Read, Read, Mark Read's bounceback, we've, Kirk McDonald's, I'm, Adam, He's, Christian Organizations: North America, GroupM Global, Mindshare, North, America, WPP, Adobe, GroupM, AT, Time Inc, CNET, Pacific Islanders, Mindshare's Global, GroupM North, Global, NA Locations: Canada, North America, GroupM, America, American, GroupM North America, New York

☆ Jim Cramer: E.L.F. is one of the most aggressive mindshare expansions I've seen
▼ + stars: | 2023-10-11 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer: E.L.F. is one of the most aggressive mindshare expansions I've seen'Mad Money' host Jim Cramer weighs in on Piper Sandler's Teen survey in the beauty sector.

Persons: Jim Cramer Organizations: Piper

☆ Tokenizing real-world assets on blockchains is for crypto lovers as well as crypto skeptics now
▼ + stars: | 2023-09-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Tokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn't just coming from financial incumbents like Citi, JPMorgan and Northern Trust, it's coming from crypto native players, too. As the world of crypto becomes more connected to the broader financial market, the appetite for tokenizing real-world assets, or RWA, is coming from smaller participants as well. Kraken Ventures' Stuti Pandey said since tokenization's last hype cycle, RWAs have benefited from changes in economics, technology and credibility. "Over the past few years, interest rates have been very depressed and that has favored very high growth, high risk assets," she said. Now that rates are down, it's actually these real-world assets that have interesting yield."

Persons: blockchains, RWA, Maria Shen, MakerDAO, Shen, That's, Stuti Pandey, it's Organizations: Citi, JPMorgan, Northern Trust, Electric Capital, CNBC, Kraken Ventures

☆ BeReal is set to make its first marketing hire — but experts say it could be too late for the app to recapture its early buzz
▼ + stars: | 2023-09-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

BeReal recently posted a job ad for its first-ever communications and marketing lead. Social-media experts said it's probably too late for BeReal to recapture its early buzz. BeReal, the French photo-sharing app startup, is set to make its first-ever marketing hire but social-media experts say it may be too late to recapture the early buzz. But BeReal appeared to have missed its moment to capitalize on its surge in popularity in 2022, experts have said. Ultimately, it could be too late for BeReal to turn itself around without a substantial pivot, experts said.

Persons: BeReal, it's, they've, Colin Kennedy, influencers, Kennedy, Paul Armstrong, Armstrong Organizations: US App Stores Locations: BeReal, Europe

☆ Ad giant IPG's data arm Kinesso has gone through an executive exodus, and the unit faces an uncertain future
▼ + stars: | 2023-07-19 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Ad giant IPG is shaking up its data and tech arm Kinesso, and many of the unit's top execs have left. The move comes as IPG looks to cut costs from specialty services like data, a source said. Several top executives at ad agency holding group Interpublic Group's data and technology arm Kinesso have left, and now the unit faces an uncertain future, Insider has learned. IPG launched Kinesso in 2019 as a big bet on pitching marketers additional services that go beyond making and buying ads. Acxiom will remain a standalone unit that will provide data products and services to all of IPG's agencies, the source added.

Persons: IPG, Kinesso, Acxiom, Arun Kumar, Ian Johnson, Kimber Robbins, Nancy Hall, Hall, Philippe Krakowsky, Krakowsky, IPG's, they've, Dentsu, Merkle Organizations: Global, WPP, Mindshare, Reprise, UM, Agency, Epsilon Locations: Mediabrands

The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group. A potential boost is that the company, like Google (GOOGL.O), has proprietary chips for AI. Rivals Microsoft (MSFT.O) and Google have marketed higher profile, proprietary technology, capturing mindshare and some business in the sector's potentially lucrative AI contest. Like Google, Amazon is marketing the technology of other prominent startups to give customers choice. The promise of AI aside, Amazon has faced uncertain economic conditions and slowing cloud revenue growth in the near term.

Persons: Dilip Kumar, Jeffrey Dastin, Nuri Vallbona AUSTIN, Kumar, Jamie Freed Organizations: Amazon, REUTERS, Amazon Web Services, Google, Rivals Microsoft, Microsoft, Thomson Locations: Austin , Texas, U.S, Austin

☆ Ex-Facebook and DeepMind employees in talks to raise sizable initial funding round to build OpenAI rival
▼ + stars: | 2023-05-05 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

A French startup that wants to be Europe's answer to OpenAI is in talks to raise an initial funding round. The secretive new project, named Mistral, was founded by two AI research scientists. Mistral, a secretive new startup pitched as Europe's answer to OpenAI, is in discussions to raise a substantive funding round, sources say. London-based generative AI startup Synthesia is in talks to raise a major round while ElevenLabs raised at a $100 million valuation last month. It's also widened the race for AI supremacy with Google launching its own AI assistant, Bard, to compete with OpenAI.

☆ Microsoft should pay whatever it costs to replace Google on Samsung phones
▼ + stars: | 2023-04-19 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Samsung is reportedly looking to replace Google Search with Microsoft's Bing as the default search engine on its phones. If Samsung follows through, Microsoft should pay whatever it takes to make it happen, analysts said. The fact that Samsung is even considering changing its default search engine presents a rare moment of weakness for Google, especially on smartphones. A vast majority of smartphones have Google set as their default search engine, Insider previously reported. Investing big to entrench Samsung as a partner now could pay dividends for Microsoft later, the experts said.

☆ Teens drive $67 billion in spending. Here's where they're putting their money, and why it's bad news for some stocks
▼ + stars: | 2023-04-07 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +4 min

The wide-ranging survey saw teenagers reporting their spending this year will rise 2% from the spring of 2022 to $2,419. Gen Z girls are planning to pull back on clothing spending, which could spell trouble for apparel stocks in the months ahead. It's the top choice of places to shop for about 9% of the upper-income teens in the survey, Piper said. According to the survey, 49% of upper-income teens have purchased clothes on secondhand marketplaces like Poshmark, The RealReal and ThredUp , or at local thrift stores. Nike remains entrenched as the top apparel brand among all teens, a position it's held for more than 12 years.

☆ Gen Z loves the same brand that teens have loved for over a decade
▼ + stars: | 2023-04-05 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Nike also remains the preferred apparel brand, according to the semiannual Piper Sandler survey. Twice a year, Piper Sandler surveys teenagers, now part of Gen Z, on brand preferences. And among upper-income female teenagers, Lululemon earned the top spot, being the preferred brand of 14% of respondents. Among upper-income males surveyed, Nike was the top clothing brand of 50% of those surveyed. For the most recent edition of the survey, Piper Sandler polled teenagers in 47 states.

☆ Teen consumers are setting new trends — and spending more. A raft of Club names stand to gain
▼ + stars: | 2023-04-04 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Piper Sandler on Tuesday released the results of its semi-annual survey on Gen-Z teenagers, with bullish implications for a slate of Club holdings. For its latest report, Piper Sandler surveyed 5,690 U.S. teens between Feb. 13 and March 21, with an average age of 16.2 years across 47 states. Haircare saw a marginal 1% year-over-year gain, but that's of little concern to us given Estee Lauder's minimal exposure to the haircare market, a dynamic highlighted by Piper Sandler. Internet On the ecommerce front, 57% of survey respondents cited Club name Amazon (AMZ) as their favorite online retailer. As Piper Sandler noted, these are encouraging results that highlight Meta's ongoing product-improvement initiatives.

☆ Tech firms hold all the power right now as Goldman Sachs predicts AI will impact 300 million jobs
▼ + stars: | 2023-03-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Goldman Sachs estimates 300 million jobs could be affected by AI. A new report from Goldman Sachs reckons generative AI models like OpenAI's GPT-4 could impact 300 million full-time jobs globally. OpenAI's apparent willingness to roll out advanced AI models as soon as they're ready points more to a future where the tech replaces vast swathes of the workforce. History dictates that innovation with the power to disrupt and eliminate jobs typically paves the way for new fields, in time. A 2020 report from the World Economic Forum predicted AI will displace 85 million jobs by 2025, and create 97 million new ones.

☆ Why connectedness is the future of great customer experiences
▼ + stars: | 2023-03-21 | by ( Sponsor Post | Created Adobe With Insider Studios | ) www.businessinsider.com time to read: +6 min

For generations before digital, customer interactions were highly personal: Merchants talked directly with each person and learned pretty quickly why they were or were not completing transactions and deepening relationships. Connected customer experiencesEvery business wants to grow. But in order to connect a customer's experiences, brands first must connect with them, and do so with their privacy and preferences in mind. The same platform that enables connected customer experiences should be able to connect with and facilitate all of these business needs, leveraging properly gathered and governed customer data. Find out how Adobe can help you form a connected customer experience.

☆ Amazon CEO says ChatGPT is 'exciting,' but that Amazon has been working on similar tech for a long time
▼ + stars: | 2023-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Amazon's CEO Andy Jassy said generative AI like ChatGPT presents "exciting" possibilities. He told the Financial Times that Amazon has been working on generative AI for a long time. Amazon company supporters are worried the company is falling behind in this area, per the FT.Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. "I think it's exciting, what's possible with generative AI," Jassy told the FT. "And it's part of what you're seeing with models like ChatGPT. But most large, deeply technical companies like ours, have been working on these very large, generative AI models themselves for a long time."

Buying a Super Bowl can be a big risk because it's a big investment months ahead of the game. Diageo CEO Ivan Menezes said during the company's January earnings call that its brand Crown Royal will run its first Super Bowl ad this year. Anheuser-Busch's move is an indication that the sky-high price of running a Super Bowl ad is getting harder for companies to justify. Bookings typically happen in May, said one ad agency exec who's purchased many Super Bowl ads for clients, including this year. Super Bowl ad slots sold briskly for both Fox this year and NBC last year.

☆ 4 reasons why Amazon's advertising business is still surging while Meta, Google, and Snap are all wrestling with declines
▼ + stars: | 2023-02-06 | by ( Ryan Joe | ) www.businessinsider.com time to read: +6 min

Amazon's ad business grew 19% over the past year, while rivals like Meta were managing a decline. Amazon's ad business seems to be the only major ad business that's on the upswing. Part of the reason is that Amazon's ad business is newer than Google's and Meta's so a higher growth rate should be expected. Insider spoke with several ad buyers and industry experts to reveal why Amazon's ad business is growing compared to competitors like Google, Meta, and Snap. Both McKenna and Kern Schireson, CEO of the ad agency Known, believe this is the biggest reason why Amazon's ad business is thriving compared to its competitors.

☆ How analysts are playing gig economy stocks ahead of earnings
▼ + stars: | 2023-01-30 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The 2022 selloffs underscored the challenges gig economy stocks have faced in recent years as novelty and venture capital funding chilled, analysts have said to clients. Analysts are now contemplating how to position ahead of the major gig companies' earnings reports, which kick off with Uber on Feb. 8. A look at where each company stands: Uber UBER LYFT,DASH 5Y mountain Gig economy stocks One area where analysts at SVB MoffettNathanson, Jefferies and Bernstein all agree: be bullish on Uber. Lyft Analysts at the three firms, however, are leery when it comes to competitor Lyft. DoorDash Analysts were split on DoorDash.

☆ A top Unilever exec breaks down the CPG giant's investments in e-commerce advertising and why it's pushing for retailers to adopt better measurement standards
▼ + stars: | 2023-01-23 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

A top Unilever ad exec told Insider the CPG giant is looking for new ways to measure digital ads. She said that the brand is also structured to account for bigger ad budgets moving to retail media. Unilever, one of the biggest spenders on e-commerce ads, is pushing for retailers to adhere to the same measurement standards. Donkada said such specifications for Unilever's retail media ads would likely look similar to standards Unilever created for brand safety and also take into account privacy. The ads team manages both national and retail media spend, meaning that one Unilever team can tweak retail media budgets to be higher or lower.

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