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☆ We hiked our Nvidia price target — encouraged by new highs after Goldman Sachs' bear case takedown
▼ + stars: | 2024-02-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The new Goldman price target — which implies nearly 15.5% upside from Monday's — isn't even the highest on the Street. We're also raising our Club price target on Nvidia to $750 from $600. One of the lowest Nvidia price targets belongs to DA Davidson at $410 per share. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. Nvidia's plan to release a new AI chip each year also adds to the sustainability of data center growth, the analysts argued.

Persons: Goldman Sachs, optimists —, — isn't, We're, Goldman, DA Davidson, Jim Cramer, TSMC, Jim Cramer's, Jim, Jensen Huang, Patrick T Organizations: Nvidia, Goldman, . Rosenblatt Securities, Microsoft, Amazon, Club, Apple, Taiwan Semiconductor Manufacturing Company, Devices, AMD, U.S, CNBC, Mobile, Fallon, Bloomberg, Getty Locations: China, American, Los Angeles

Things continue to look up for Nvidia with the chipmaker's next earnings report on the horizon, according to Goldman Sachs. Analyst Toshiya Hari upped his price target on the artificial intelligence darling's stock to $800 from $625, implying an upside of nearly 21% from Friday's closing level. The price target hike comes as traders ready for the closely followed chipmaker's earnings report, which is slated for later this month. The mean price target for Nvidia is $649.06, which reflects a downside of 1.9% from Friday's close, per LSEG. Shares are off to a strong start for the year, soaring 33.6% while the S & P 500 has added just around 4%.

Persons: Goldman Sachs, Toshiya Hari, Hari, FY4Q, he's Organizations: Nvidia, Microsoft Locations: hyperscalers, Friday's

Elsewhere, Goldman Sachs reiterated a buy rating on Nvidia and raised its price target on the high-flying semiconductor maker. Yet his price target sits at $225, implying an upside of 19.7% as he sees opportunity elsewhere. "Anyone pulling up a chart of UBER share price performance in 2023 will think, 'That's a scary chart. Analyst Sarah James upgraded the insurer to overweight from neutral and hiked her price target o $372 from $334. — Alex Harring 5:42 a.m.: Goldman hikes Nvidia price target Things continue to look up for Nvidia , according to Goldman Sachs.

Persons: Goldman Sachs, Piper Sandler, Alexander Potter, Potter, Tesla, Alex Harring, Bernstein, Uber, Nikhil Devnani, Devnani, — Alex Harring, Keith Horowitz, Horowitz, Cantor Fitzgerald Cigna, Cantor Fitzgerald, Sarah James, James, Ben Hendrix, Hendrix, Christopher Horvers, Horvers, Barbie, Goldman, FY4Q, Toshiya Hari, Fred Imbert Organizations: CNBC, JPMorgan, Mattel, Nvidia, Citi, Investors, Citizens, Financial, New York Community Bancorp, Aozora, T Bank, RBC Capital, Warner Bros, Golden Globes, Microsoft Locations: California, New, Friday's

☆ AI is fueling global power demand. Morgan Stanley sees opportunities for these 'underappreciated' winners
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Power demand from generative AI will soar from 46 terawatt hours to 224 TWH between this year and 2027, according to the firm's base case scenario. That's equivalent to more than 75% of the total global data center power use in 2022, or close to Spain's entire power consumption in 2022, the firm said. "We believe the rapid power demand growth from GenAI is not well understood, and not priced into a number of stocks." Among large-scale renewable developers in the U.S., AES has the largest commercial and industrial market share, according to Morgan Stanley. Apart from data center infrastructure and power providers, utilities are another part of the data center servicing ecosystem.

Persons: Morgan Stanley, Morgan Stanley's, Andrew Percoco, Bloom, Percoco, NextEra, Max Yates, Sharon Shih Organizations: CNBC, Bloom Energy, AES Corp, NextEra Energy, Google, Microsoft, Bank of America, AES, Big Tech, Stocks, Delta Electronics, Mitsubishi Electric, Analysts, Dominion Energy Locations: GenAI, U.S

☆ Meet a startup trying to keep your screen time from destroying the planet
▼ + stars: | 2024-01-26 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. Our cloud usage is powered by a growing network of data centers in buildings filled with rows and rows of routers and servers. AdvertisementHyperscaling data centers puts tech giants like Microsoft, Amazon, and Google in a tough spot when it comes to their goals of drastically slashing greenhouse-gas emissions this decade. JetCool's technology could save data centers up to 15% of their overall power consumption, based on internal tests, the company said. A partnership with Sabey Data Centers last year demonstrated a 13.5% reduction in power use.

Persons: Bernie Malouin, Malouin, JetCool, Dell Organizations: Service, Netflix, Business, Microsoft, Google, MIT, Sabey, Bloomberg Locations: Virginia , Arizona, Nebraska, Europe

☆ Tending to AI's power needs is a booming business. These stocks are in the sweet spot
▼ + stars: | 2024-01-23 | by ( Pia Singh | ) www.cnbc.com time to read: +13 min

In fact, "data centers are taking a disproportionate amount of incremental capacity being added by electrical equipment manufacturers." Much of the energy data centers consume is used to train AI models as well as to run them. Natural resources, power supply, funding — the necessities that allow for the existence of the data centers — aren't exactly infinite. The company's business took off last year as data centers began to need more electrical equipment capacity and generated more heat. JPMorgan has a neutral rating on GE with a $124 price target, 5.5% below the stock's Monday close.

Persons: Andrew Obin, Stephen Tusa, Obin, It's, TD Cowen, Michael Elias, Tusa, Eaton, hasn't, Elias, I've, Hubbell, repurposing, Martyn Briggs Organizations: Nvidia, Bank of America, JPMorgan, General Electric, Hubbell Power Systems, U.S . Department of Energy, Google, Oracle, Microsoft, Power, Bloomberg, Energy, GE, Dominion Energy, Dominion Locations: Eaton, BofA, U.S, Northern Virginia, FactSet

☆ Nvidia and its stock may go through an Apple-like transformation. What it would mean for investors
▼ + stars: | 2024-01-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.

Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, —, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California

☆ Tech stocks dominated 2023 investing. Here's where the sector finds growth in 2024
▼ + stars: | 2023-12-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

After 2023's blowout run, it's hard to recall the once gloomy investing setup for technology stocks last December. As the calendar year turns, don't expect technology stocks to match 2023's blowout gains, but the year's performance is no fluke. AI stocks may dominate tech-focused investing, but don't sleep on the other emerging themes. GOOGL YTD mountain Alphabet shares in 2023 Both companies have rolled out new initiatives in the months since. Arm Holdings made headlines this year as one of the first major companies to go public , reviving the IPO market after a roughly two-year drought.

Persons: behemoths, Jay Woods, Mark Zuckerberg, didn't, chipmakers, David Waddell, Everybody's, Copilot, Paul Meeks, Gene Munster, Alphabet's, Meeks, Morgan Stanley, Andrew Slimmon, They're, Slimmon, CNBC's, Wall, Nvidia's, He's, Mahoney, Ken Mahoney, it's, Brent Fredberg, Munster's, Management's Albert Tsuei, Tsuei, William Blair's Jonathan Vo, Keith Weiss Organizations: Federal Reserve, Treasury, Freedom, Microsoft, Waddell & Associates, Oracle, Arista Networks, Morgan, Morgan Stanley Investment, Meta, Nvidia, Devices, Dell, Hewlett Packard Enterprises, Broadcom, Holdings, Micron Technology, Brandes Investment Partners, Micron, Samsung, Taiwan Semiconductor Manufacturing, MGM Resorts, Johnson, Okta, UBS, Management's, Palo Alto Networks, Palo Alto Locations: British, Clorox

☆ Here are 7 portfolio stocks that can benefit from bigger tech budgets in the age of AI
▼ + stars: | 2023-12-12 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

In aggregate, the survey results point to a 60 to 70 basis point acceleration for IT spending growth in each of the next three years, with cloud spending growth much stronger at 150 to 300 basis points. Cloud and AI A rebound in cloud growth is expected thanks in large part the renewed focus and need to invest in artificial intelligence. In fact, 73% of the CIO respondents said they are "implementing now, plan to implement, or are testing generative AI." 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's, Piper, OpenAI, Einstein, Jim Cramer, Jim Cramer's, Jim, Chino Organizations: Microsoft, Web Services, Google, IBM, Oracle, Nvidia, Piper, Broadcom, Marvell Technology, VMWare, Cybersecurity, Palo Alto Networks, Broadcom —, CNBC Locations: Silicon Valley, America

☆ Why Broadcom is still a solid AI play following a murky quarter
▼ + stars: | 2023-12-08 | by ( Jeff Marks | ) 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. 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. 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, Nonfarm, Dow Jones, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow, Labor Department, West Texas, Club, Honeywell, Broadcom, Wall, VMware, AVGO

Analyst Brad Capuzzi's $8 price target is 43% above where the stock closed on Monday afternoon. "Shares have substantially outperformed this year; catalyzed by the exit of the logistics business & newfound emphasis on profitability," wrote analyst Clarke Jeffries. Bank of America's Vivek Arya lifted his price target to $1,200, or more than a 26% increase from the stock's Monday close of $950.24. Herbert upgraded Boeing to outperform from sector perform and lifted his price target to $275 from $200. "We believe we are in the early stages of a significant shift in sentiment on BA stock," analyst Ken Herbert wrote.

Persons: Jefferies, Piper Sandler, Brad Capuzzi's, Capuzzi, Lisa Kailai Han, Goldman Sachs, Keith Horowitz, Horowitz, Goldman, — Lisa Kailai Han, Clarke Jeffries, Jeffries, Bernstein, Peter Weed, Weed, UBS downgrades ChargePoint, Robert Jamieson, Jamieson, bode, Timothy Arcuri, America's Vivek Arya, Arcuri, Arya, Herbert, Ken Herbert, John Hecht, Fred Imbert Organizations: CNBC, Tuesday's, RBC, Boeing, UBS, Citi Citi, UBS downgrades, UBS doesn't, Broadcom, VMWare, Bank of America, Bank, America's, RBC Capital Markets, —, Jefferies Locations: underperform, LendingClub, Goldman Sachs

☆ Morgan Stanley is bullish on this emerging AI trend — and names 6 stocks to play it
▼ + stars: | 2023-11-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

One part of artificial intelligence will have an increasing role to play, according to Morgan Stanley. The theme, which it called "Edge AI," involves running AI algorithms directly on a user's device, be it a smartphone, laptop or wearable, among other things. Edge AI can help save costs, reduce latency (or lag time), among other benefits, Morgan Stanley said. MediaTek Morgan Stanley said MediaTek , the largest chip design house in Asia, is gearing up for Edge AI. Xiaomi Morgan Stanley said Xiaomi is a key beneficiary, given its first-mover advantage in Edge AI.

Persons: Morgan Stanley, Apple Morgan Stanley, Apple, DELL, Dell, MediaTek Morgan Stanley, MediaTek, Qualcomm Morgan Stanley, STMicroelectronics, Xiaomi Morgan Stanley, Xiaomi, — CNBC's Michael Bloom Organizations: Edge, Apple, Dell, PCS, Qualcomm, Hong Locations: Asia, Taiwan, Hong Kong

☆ Companies Hesitate on Specialized Industry Clouds
▼ + stars: | 2023-11-21 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

Daniel Seay, CIO of Fifth Third Bank’s commercial bank division, says he hasn’t seen a ’catalyst’ for using a banking-specific cloud. Photo: Stephen Zenner/Zuma PressCloud platforms specialized for given industries are off to a slow start, with some companies saying they simply don’t need them, thanks to existing software and their own customizations. “There hasn’t been a catalyst to say, ‘I’m gonna go with an industry-specific cloud’,” said Daniel Seay , chief information officer of Fifth Third Bank’s commercial bank division. “I can use my private cloud or I can use one of the hyperscalers along with another software firm and meet my needs in a more cost-effective, proven way at this point.” (Hyperscalers refers to the largest cloud companies, among them, AWS, Microsoft Azure and Google Cloud.)

Persons: Daniel Seay, Stephen Zenner, hasn’t, I’m, ” Organizations: Zuma, Microsoft, Google

☆ 'Right now is not the time to be a hero': Top investing minds at $1.4 trillion T. Rowe Price warn that there's serious recession risk in 2024 — but these 4 tech stocks will still dominate
▼ + stars: | 2023-11-19 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Several large investment firms are writing off a recession in the US in 2024 as growth holds up and inflation steadily declines, but T. Rowe Price thinks that optimism may be misplaced. While T. Rowe Price doesn't have an official call on the economy, the brightest minds at the $1.4 trillion Baltimore-based firm urged investors to be cautious at a mid-November conference. However, T. Rowe Price is skeptical that the Fed will end its fight against inflation anytime soon. T. Rowe Price found that through October, those names rose 53.2% compared to a 1.2% year-to-date return for the other 493 companies in the S&P 500. Dom Rizzo, a portfolio manager of global technology equity strategy at T. Rowe Price, agreed that the Magnificent 7's momentum won't stop just because the group is pricey.

Persons: Rowe Price, Goldman Sachs, Goldman, Jan Hatzius, Rowe Price doesn't, We're, Tim Murray, Rowe Price's, Murray, We've, Rowe, Uruci, he's, it's, Tesla, let's, Dom Rizzo, Rizzo, septet, Santa, He's Organizations: Citi, UBS Global Wealth Management, Business, Federal Reserve, Apple, Microsoft, Nvidia, Meta, AMD Locations: Baltimore, Santa Clara

☆ Nvidia stock is riding its longest winning streak in 7 years, adding $220 billion in market value just in November
▼ + stars: | 2023-11-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Nvidia has rocketed 22% since the start of November, adding $220 billion in value. Shares have advanced in 10 straight trading sessions, marking the longest win streak since 2016. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNvidia stock has climbed for 10 consecutive trading days, adding $220 billion in market value in November alone. Shares are on their longest winning streak since December 2016, according to Bloomberg, and have surged nearly 22% since the start of the month.

Persons: — Organizations: Nvidia, Service, Bloomberg, Apple, Microsoft, Bank of America Locations: China

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Why Oracle's latest AI deal adds to the stock's buying appeal
▼ + stars: | 2023-11-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

The multi-year deal will ultimately give Microsoft access to more of Nvidia 's (NVDA) cutting-edge AI chips, which have been in short supply since the launch of OpenAI's ChatGPT last year intensified investments in AI technology. Nvidia is the world's dominant AI chipmaker, and its processors are housed in data centers operated by Oracle, Microsoft and other cloud-computing firms. In forging close ties with Nvidia, Oracle has made its cloud-computing operations more competitive relative to larger providers like Amazon (AMZN), Microsoft and Alphabet (GOOGL). The latest Oracle-Microsoft agreement also carries positive implications for Nvidia, further illustrating just how much demand there is for Nvidia's AI chips. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bing, OpenAI's ChatGPT, Larry Ellison, Jim Cramer, Ellison, Oracle's, Safra, We've, —, Jim, Jim Cramer's, Justin Sullivan Organizations: Microsoft, Oracle, Oracle Cloud Infrastructure, Nvidia, Street, Club, U.S, Financial Times, CNBC Locations: China, Redwood Shores , California

☆ AMD stock jumps more than 8% on strong 2024 AI chip projections
▼ + stars: | 2023-11-01 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

AMD stock spiked more than 8% Wednesday, a day after the company beat top and bottom-line earnings estimates and gave a promising 2024 forecast for its AI chip business. The chipmaker posted an earnings per share of 70 cents, adjusted, narrowly beating the LSEG, formerly Refinitiv, estimate of 68 cents per share. Wall Street analysts like AMD's prospects in the AI market, which is currently dominated by Nvidia . Still, AMD is one of only a handful of companies capable of making high-powered graphics processing units (GPUs) that power AI models. Analysts at Raymond James lowered their price target from $145 to $125 but kept AMD as a "strong buy" largely due to its AI business.

Persons: Lisa Su, Raymond James, Jeffries, CNBC's Kif Leswing, Michael Bloom Organizations: Devices Inc, AMD, Revenue, Wall Street, Nvidia, Bank of America Locations: San Francisco , California, U.S, Q4E, CY24E, 1Q24

☆ TSMC, Alibaba and more: Goldman reveals AI stocks in its 'conviction list' — giving one 105% upside
▼ + stars: | 2023-10-26 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Here are some of the other stocks in Goldman's conviction list. Aside from TSMC, Goldman's conviction list stocks in this category include Chinese tech giant Hon Hai Precision Industry and Japanese electronics manufacturing company Ibiden . AI-empowered names The bank's conviction list stocks in this category include Chinese machine industry player Envicool , Japanese video game publisher Bandai Namco Entertainment and industrial equipment company Keyence . Goldman has an 83,000 yen price target on Keyence, giving it an upside of 56.7%. Stocks that are both Goldman named Chinese tech giants Alibaba and Baidu as its conviction list stocks that are both in the business of enabling and empowering AI.

Persons: Goldman Sachs, Daiki Takayama, TSMC, Goldman, Hai —, Envicool, Alibaba, — CNBC's Michael Bloom, Sheila Chiang Organizations: Taiwanese Semiconductor Manufacturing Company, New, Companies, Precision Industry, Bandai Namco Entertainment, Bandai Namco, Baidu, Alibaba Locations: Asia, New Taiwan

☆ 4 tech giants have cemented their AI dominance. But there's even more room for growth
▼ + stars: | 2023-10-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Nearly all tech companies will integrate generative AI by the end of 2024. Respondents said they expected to use generative AI for customer support, content generation and productivity. Google Cloud Google Cloud was the third most likely cloud provider in Oppenheimer's survey to gain future AI spending share. Salesforce and AI Oppenheimer analysts said they see "durable tailwinds for customer support, content generation and code generation, which are considered priority use cases for Generative AI." We agree with this call and are in the camp that Salesforce's generative AI tools should help reaccelerate sales growth all while balancing increasing margins.

Persons: Oppenheimer's, Oppenheimer, Piper Sandler, Copilot, Piper, we've, Salesforce, Jim Cramer's, Jim Cramer, Jim, Dado Ruvic Organizations: Microsoft, Web Services, Google, Meta, AI, Adobe, CNBC Locations: OpenAI, Jasper

☆ Amazon and Microsoft's cloud dominance referred for UK competition probe
▼ + stars: | 2023-10-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Britain's anti-competition regulators have been tasked with investigating Microsoft and Amazon 's dominance of the cloud computing market. Media watchdog Ofcom on Thursday referred its inquiry for further investigation to the Competition and Markets Authority, kickstarting the process. "So, we're referring the market to the CMA for further scrutiny, to make sure business customers continue to benefit from cloud services." Ofcom is concerned that so-called "hyperscalers" like Amazon Web Services and Microsoft Azure are limiting competition in the cloud computing market. Combined, Amazon, Microsoft and Google generate roughly 81% of revenues in the U.K.'s cloud infrastructure services market, according to Ofcom, which estimates the market to be worth £15 billion ($18.2 billion).

Persons: Fergal Farragher Organizations: Ofcom, Microsoft, Media, Competition, Markets Authority, Amazon, CMA, Web Services, Google

☆ Here's why we like Broadcom so much, especially after Google shot down a damaging report
▼ + stars: | 2023-09-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

We started buying semiconductor giant Broadcom (AVGO) last month and added to our position a few times since it reported fiscal third-quarter results Aug. 31. Indeed, the Thursday morning sell-off in Broadcom, which was down 4.3% at its intraday lows, is an overreaction. While Broadcom's AI revenue is growth is growing incredibly fast, the rest of its semiconductor business is stabilizing after working through its post-Covid inventory gluts. In fact, with the additional of VMware, Broadcom's companywide revenues will be about half semiconductor and half software. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: CNBC's Kristina Partsinevelos, Jim Cramer, EBITDA, There's, buyback, Jim Cramer's, Jim, Justin Sullivan Organizations: Broadcom, Devices, Investment, Google, Club, Apple, Software, VMware, Nvidia, Texas, AMD, Intel, Marvell, CNBC Locations: San Jose , California

☆ Morgan Stanley loves these 4 tech stocks which provide parts for Tesla's supercomputer
▼ + stars: | 2023-09-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Morgan Stanley has revealed a list of global stocks it likes, with four of them providing parts for Tesla 's supercomputer system. Morgan Stanley says its list of tech stocks are "well-positioned for US hyperscalers' acceleration of custom chip design," especially since custom chips are expected to outgrow the AI graphics processing units in the long term. Powering Tesla's Dojo In its research note, Morgan Stanley pointed out that Taiwan Semiconductor Manufacturing Company is the wafer foundry vendor for Tesla's Dojo 1 (D1) and Dojo 2 (D2). Morgan Stanley raised their price target on AIchip to 2,880 Taiwanese dollars, a 14% upside from its Sept. 12 price. They have priced the stock at 95,000 Korean won ($71.45), giving it a 35% upside from its Sept. 12 price.

Persons: Morgan Stanley, Tesla, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Tesla's, Taiwan Semiconductor Manufacturing Company, Samsung, Nvidia, NVIDIA Locations: Korean, HBM

☆ Bernstein says this software development firm can grow sales by eight times current levels
▼ + stars: | 2023-09-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GitLab could be a winner in the evergreen software space, according to Bernstein. The firm initiated coverage of GitLab stock with an outperform rating as well as a $62 per share price target. According to the analyst, GitLab operates in a duopoly with Microsoft-owned GitHub, with both companies sharing roughly 70% and increasing market share of cloud development Gits, or code repositories. "GitLab's opening is to become the "Switzerland" platform for CI/CD development pipelines — a durable and large market position," Weed said. Still, the firm noted market constraints on Gitlab's pricing power and product expansion options, noting competition from GitHub, Australian software firm Atlassian and potentially Datadog.

Persons: Bernstein, Peter Weed, GitLab, Weed, — CNBC's Michael Bloom Organizations: Microsoft Locations: Switzerland, GitHub

Tesla needs as many Nvidia chips as it can get, based on CEO Elon Musk recent comments on the company's quarterly earnings call. Tesla isn't the first to work on custom AI chips focused specifically on the company's bread and butter. And that's coming from the head of one of the most cutting-edge AI companies on the planet. Nvidia chips can be utilized by clients for many applications, making it easier for them to accelerate growth. The fresh Nvidia-Tesla conversation adds another layer to Oracle's report Monday, when viewed through the lens of Nvidia's AI leadership.

Persons: Tesla, Morgan Stanley, Morgan, Jim Cramer, Elon Musk, Musk, Sundar Pichai, Jim, Oracle, Jim Cramer's, Jensen Huang Organizations: Nvidia, Oracle, Broadcom, Google, NVIDIA, Citigroup, Oracle Cloud Infrastructure, Citi, Amazon Web Services, UBS, CNBC, Getty Locations: OCI, Taiwan

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