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As consumers continue to remain selective with their spending and cracks start to show within the consumer discretionary sector, one name that is worth paying attention to is McDonald's (MCD) . As a trader, one could look at McDonald's stock and see that the trends are bearish with negative momentum. MCD 3M mountain MCD 3 months But I prefer to view this from a contrarian perspective. (The chart above shows the Commodity Channel Index indicator in the lower panel, which looks at the current stock price vs. its historical average price and is used by technical analysts to determine a trend change.) BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Zhang
Around the same time, Tencent announced it is integrating its AI model into advertising content creation, and its own Zoom-like video conferencing app. It's also not clear how powerful China's AI applications currently are, beyond demos and select business partnerships. "Overall we see generally Chinese language model[s] still lag behind the most advanced ChatGPT version 4," CLSA's Tony Zhang said in a phone interview in the last week. Now with Beijing's green light, public-facing AI applications such as Baidu's Ernie bot can be widely used in China. Generative AI and large language model-related revenue contributed to 20% of SenseTime' s revenue in the first half of 2023, Nomura analysts said, citing company management.
Persons: Nomura, Tencent, Coffee, Luckin, Joey Wat, It's, Tony Zhang, , Ernie, Oliver Wyman's David Xie Organizations: Baidu, KFC Locations: Beijing, China, Taobao, TikTok
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with OptionsPlay Chief Strategist Tony ZhangTony Zhang, OptionsPlay chief strategist, joins 'TechCheck' to offer on his thoughts on Microsoft, Alphabet and Netflix.
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