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Here’s how exit polling works, where they are conducted and how NBC News will be using the exit poll results on election night and the days after. Since 2003, Edison Research, a firm that specializes in collecting election data, has conducted exit polls on behalf of the National Election Pool. NBC News independently analyzes and reports on the exit poll results. This year, NBC News will have coverage of state exit polls in Arizona, Georgia, Florida, Michigan, Nevada, North Carolina, Ohio, Pennsylvania, Texas and Wisconsin. The NBC News Decision Desk uses some exit poll data to help project election results.

Organizations: NBC, Edison Research, ABC, CBS, CNN Locations: Arizona , Georgia, Florida , Michigan, Nevada , North Carolina , Ohio, Pennsylvania, Texas, Wisconsin, Georgia , North Carolina , Nevada, Ohio

☆ What to know about the new way Microsoft will report cloud numbers Wednesday
▼ + stars: | 2024-10-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Announced in August , and reported this way for the first time this week, Microsoft decided to change which revenue streams fall under its three main reporting segments. In Microsoft's upcoming report, search and news advertising revenue will move from the More Personal Computing (PCP) segment into the Intelligent Cloud (IC) segment. Another change includes Microsoft removing revenue from Power Business Intelligence data analytics and the Enterprise Mobility and Security group of products from the IC segment. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Some Wall Street analysts are upbeat on the new reporting structure. He also touted Microsoft's AI prospects ahead of quarterly earnings — citing the company's first-mover advantage in integrating AI.

Persons: Piper Sandler's Brent Bracelin, Bracelin, Morgan Stanley, there's, Jim Cramer, I'm, Jim, Amy Hood's, Jim Cramer's, Satya Nadella, Dimas Ardian Organizations: Microsoft, Web Services, Power Business Intelligence, Enterprise Mobility, Security, Piper, CNBC, BI, Guggenheim, Big Tech, Bloomberg, Getty Locations: OpenAI, Jakarta, Indonesia

Now, Kamala Harris and Donald Trump appear to be in a dead heat in Michigan, and it’s once again crucial for winning the presidency. For our latest Times Opinion focus group, we gathered a cross-section of Michigan voters to assess the race in the home stretch. The takeaway isn’t especially positive for Ms. Harris. Others thought Mr. Trump didn’t understand what it meant to struggle financially. Perhaps most worrisome for Ms. Harris, nine of our 11 participants thought she would pursue policies similar to Mr. Biden’s.

Persons: Hillary Clinton, Joe Biden, Kamala Harris, Donald Trump, it’s, Harris, Jill Stein, Trump, Biden’s, Muhammad, Biden, “, ” Muhammad Organizations: Democratic, Democrats, Green Party, Mr, Michigan Locations: Michigan, America, Israel, Trump

☆ A woman lost 75 pounds and kept them off. She made 2 simple changes, while enjoying her favorite foods.
▼ + stars: | 2024-10-29 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +7 min

Bertrand made simple lifestyle changes that she actively enjoyed, which resulted in weight loss. Weight loss drugs including Ozempic have also helped dispel the myth that willpower alone is enough to achieve a healthy weight. She decided that it wasn't, and she would try to lose weight. Bertrand shared the two simple changes she made that led her to lose 75 pounds and keep it off without giving up her favorite foods. When she decided to lose weight, she began to notice how other people ate.

Persons: Alaias Bertrand, Bertrand, — Organizations: Service, Michigan State University Locations: Florida

☆ US Air Force wildly overpaid Boeing by almost 8,000% for C-17 aircraft bathroom soap dispensers, Pentagon watchdog finds
▼ + stars: | 2024-10-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

The US Air Force majorly overpaid for C-17 spare parts, including bathroom soap dispensers, per a Pentagon watchdog. AdvertisementThe US Air Force overpaid for spare parts for a C-17 military transport aircraft manufactured by Boeing, according to a new watchdog report. The audit, which detailed cost issues with a variety of C-17 spare parts, blamed the overpayment on a lack of oversight by the Air Force. The C-17 is a workhorse for the Air Force and joint force, transporting troops and a variety of assets. US Air Force photo by Staff Sgt.

Persons: —, Brandon Vasquez, Cory D, Payne, Robert P, Storch Organizations: US Air Force, Pentagon, Service, Boeing, Air Force, Department of Defense, Spc, Defense Contract Management, Staff, Air

☆ Data startup Matia just emerged from stealth with a $10.5 million seed round — check out its 11-slide pitch deck
▼ + stars: | 2024-10-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Miami-based data operations startup Matia has secured $10.5 million in seed funding. BI got an exclusive look at the 11-slide pitch deck Matia used to secure the fresh funding. AdvertisementMiami-based data management startup Matia has just come out of stealth with $10.5 million in seed funding. The startup's pitch deck, shared exclusively with BI, states that it has four early customers and 10 companies who are showing "strong interest." Check out the 11-slide pitch deck used to secure the fresh funding.

Persons: —, Benjamin Segal, Segal, Matia, Benjamin, Geva Organizations: BI, Service, Leaders Fund, Cerca Partners, Caffeinated Locations: Miami

☆ Microsoft's GitHub expands beyond OpenAI, lets developers use AI models from Anthropic, Google
▼ + stars: | 2024-10-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft has a very expensive and very public relationship with artificial intelligence startup OpenAI. But one of Microsoft's most successful AI products, GitHub Copilot, is now going beyond OpenAI to give developers more choice in what models they want to use. Microsoft introduced GitHub Copilot in 2021, offering source code suggestions to software developers. Copilot relies on models from OpenAI, which has received billions of dollars in funding from Microsoft and has exploded in popularity since releasing ChatGPT in late 2022. At that point, it felt like "the right time" to add models from Anthropic and Google , Dohmke said.

Persons: Claude, Thomas Dohmke, They're, GitHub, Dohmke Organizations: Microsoft, OpenAI's, o1, CNBC, Google

☆ Check Point CEO on cyberattacks in the U.S.: This is something that should alert all of us
▼ + stars: | 2024-10-29 | 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 EmailCheck Point CEO on cyberattacks in the U.S.: This is something that should alert all of usGil Shwed, Check Point Software Technologies CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, the cybersecurity landscape, AI's impact on cybersecurity, and more.

Persons: Gil Shwed Organizations: Software Technologies Locations: U.S

☆ The economy seems to be firing on all cylinders — but a veteran JPMorgan strategy chief says one underappreciated risk could cause a serious global slowdown
▼ + stars: | 2024-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.

Persons: David Kelly, —, JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson

☆ What the charts are saying about the S&P 500 and Nvidia heading into the election
▼ + stars: | 2024-10-29 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

There is uncertainty abound about the future direction of the stock market heading into what many say is the most important presidential election of our lifetimes. In the elevated volatility levels that began in late September heading into the election. The Cboe Volatility Index (VIX in black) trades with an inverse relationship to the S & P 500. As the S & P 500 goes lower, people become fearful as they buy put option protection pushing the general level of option prices (both puts and calls) higher. This creates the inverse relationship of VIX and S & P 500.

Persons: NVDA, we'll, we're, Todd Gordon, Gordon, Schwab Organizations: Nvidia, Google, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA

☆ Colin Allred is in a tight race with Ted Cruz. Here's how he's planning to become Texas' first Democratic senator in decades.
▼ + stars: | 2024-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

The marquee Senate race between Colin Allred and Ted Cruz could reveal a lot about Texas' identity. In total, Allred has raised more than $80 million for the Senate race, according to his campaign. AdvertisementThe electoral mapIn 2018, then-Rep. Beto O'Rourke traversed Texas during his Senate campaign and in the process visited all of the state's 254 counties. Business Insider has reached out to the Cruz campaign for comment. Advertisement"When you have a one-party rule state for so long, you can get an impression that there's no changing it," Allred told me.

Persons: Colin Allred, Ted Cruz, Cruz's, —, they've, hasn't, Colin Allred —, Sen, Allred, Cruz, Donald Trump, Kamala Harris, Chuck Schumer, Roe, Wade, Harris, Beyoncé, It's, Beto O'Rourke, O'Rourke, Brandon Bell, he's, Trump, Mark, Jones, Greg Abbott, John Cornyn Organizations: Lone Star State, Service, Congressional, New York Times, Marist College, Morning, University of Houston Hobby School of Public Affairs, Senate, PAC, Democratic, Republican, NFL, US, Times, Texas, —, El, Texans, Sun, Rice University, Texas Republicans, Business, Republicans Locations: Texas, Houston, Dallas, Siena, York, El Paso, Congress, Austin, San Antonio, Arizona, Georgia, Cancún, Mexico

☆ A real-estate investor says he's cracked the code to producing 'at least $1,000 of positive cash flow every month,' but his rent-by-the-room strategy isn't for everyone
▼ + stars: | 2024-10-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Peter Keane-Rivera owns single-family homes that he rents by the room to maximize cash flow. He's shopping around for a third home, as his rent-by-the-room strategy has generated healthy cash flow. Advertisement"I know how to upgrade properties to make them produce at least $1,000 of positive cash flow every month," said Keane-Rivera. Renting by the room is more hands-on and not for everyone, but can create more cash flow and lower your overall risk. "You diversify your cash flow by having four tenants under one roof instead of one," said Keane-Rivera.

Persons: Peter Keane, Rivera, —, " Keane, Keane, I'd, it's Organizations: Service, Business, Facebook Locations: Seattle, Roomster

☆ Investing in Japan after the elections? The pros share their take
▼ + stars: | 2024-10-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The outcome of this snap election signals that Ishiba may face difficulties in getting his party's policies passed in parliament. These include "more fiscal stimulus measures," and a cut in tax rates, Okamura added. His comments come amid expectations of the Bank of Japan leaving its rates unchanged at its meeting on Oct. 31. 'High-quality companies' Okamura is now betting on "higher quality companies with good pricing power." The five are also among the top holdings in the 19.1 billion yen (124.6 million) Japan Equity Engagement Fund .

Persons: Shigeru Ishiba's, Komeito, Izumi Devalier, CNBC's, Neuberger Berman's Kei Okamura, Okamura —, —, Okamura, bode Organizations: Liberal Democratic Party, Bank of America, Nikkei, Tokyo Stock Exchange, Bank of Japan's, U.S . Federal Reserve, Fed, Bank of Japan, Hitachi, Mitsubishi Logistics, Tokyo Marine Holdings, Japan Equity, Tokyo Marine Locations: Japan, Tokyo, shareholdings

☆ Google delivers a big earnings beat fueled by AI growth
▼ + stars: | 2024-10-29 | by ( Ana Altchek | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

The company beat on revenue, EPS, its ads business, and Google Cloud revenue, which grew 35% year over year. Revenue from Google Cloud grew 35% year over year to $11.4 billion, bolstered by "accelerated growth" in the company's AI products, the company said. Here are the key numbers for the third quarter compared to analysts' estimates:AdvertisementEarnings per share : $2.12 vs. $1.83 expected: $2.12 vs. $1.83 expected Revenue : $88.27 billion vs. $86.44 billion expected: $88.27 billion vs. $86.44 billion expected Google Advertising : $65.9 billion vs. $65.5 billion: $65.9 billion vs. $65.5 billion YouTube advertising revenue : $8.92 billion vs. $8.89 billion expected: $8.92 billion vs. $8.89 billion expected Google Cloud revenue: $11.35 billion vs. $10.79 billion expectedSource for analyst expectations: BloombergAlphabet and Google CEO Sundar Pichai said the company's AI investments were "paying off." The AI results will now reach over 1 billion users on a monthly basis, he said, and ads in AI Overview are "performing well." Related stories"Today, more than a quarter of all new code at Google is generated by AI then reviewed and accepted by engineers," Pichai said.

Persons: Sundar Pichai, —, Pichai, Demis Hassabis, Evelyn Mitchell, Wolf, Mitchell Organizations: Google, Service, Google Cloud, Bloomberg, Apple, DOJ, Business

☆ How to keep your portfolio steady in volatile times as the election approaches
▼ + stars: | 2024-10-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The S & P 500 is toting a 1.3% gain in October, but it's up more than 22% in 2024. He said his team expects the CBOE Volatility Index (VIX) , a measure of expected volatility, to remain elevated around 20 until after Election Day. Individual investors are already expressing some worries about how the markets might behave in the run-up to Nov. 5 – and the days that follow. Cash-secured puts can offer investors an opportunity to put cash to work and generate some income, he said. Covered call strategies have also come into play as a potential way for investors to contend with concentrated positions, he added.

Persons: Craig Johnson, Piper Sandler, Logan Queck, I'm, Malcolm Ethridge, Ethridge, they've, Ashton Lawrence, Cash, Lawrence Organizations: Wealth, CFP, Capital, IRS, Investment Company Institute, Mariner Wealth Advisors Locations: West Des Moines , Iowa, Washington ,, Greenville , South Carolina

☆ Why Boeing's $21 billion share sale is an early Christmas present for Wall Street
▼ + stars: | 2024-10-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

AdvertisementWall Street bankers tasked with helping companies raise money through sales of stock just got an early Christmas present. The sale ended up raising nearly $21 billion, marking one of the largest deals for US equity-capital-markets bankers in history. Thanks to the Boeing capital raise, he now predicts ECM bonus increases of 30%, he said. 'A rising tide lifts all boats,' comp expert saysThe ultimate size of Boeing's capital raise puts it in league with some of the largest raises ever, according to global equity capital raise data provided by LSEG. But, based on Johnson's forecast, it seems those involved in the Boeing capital raise may find themselves flying highest on bonus day.

Persons: Goldman Sachs, —, bookrunners Goldman Sachs, Morgan Stanley, Alan Johnson, Johnson, Semafor, Thoma Bravo, It's, they've Organizations: Boeing, PJT Partners, RBC Capital Markets, Service, Monday, Bank of America, Citigroup, JPMorgan, Wall, Johnson Associates, LSEG, Petrobras, Lloyds, Nasdaq Locations: Brazilian, British

☆ Israeli soldiers forced Palestinian men to take off their clothes as they evacuated war-torn Jabalya, photo shows
▼ + stars: | 2024-10-29 | by ( Abeer Salman | Ivana Kottasová | ) edition.cnn.com time to read: +7 min

The photo, taken in Jabalya on Friday, shows residents of the refugee camp who tried to leave the area after being forced by the Israeli military to evacuate amid its ongoing ground operation there. The photo was first shared on an Israeli Telegram channel; while it is unclear who took it, several of the men in the picture told CNN Israeli soldiers were photographing them as they were being detained. They were insulting us during that time, calling us names, laughing and taking pictures,” the 27-year old told CNN. Jouri’s father Mohamad Abu Ward told CNN he was forced to strip to his underwear and was held for eight hours alongside Jouri. “Individuals suspected of involvement in terrorist activity are being detained and questioned,” the IDF told CNN in a statement.

Persons: There’s, Muhannad Khalaf, ”, Khalaf, Abu Ward, Mohamad Abu Ward, Israel, Balkees Jarrah Organizations: CNN, Israeli, Israel Defense Forces, Jouri, IDF, Cross, United Nations, International Commission of, Rights Watch, Amnesty International, Human Rights Watch Locations: Gaza, Jabalya, Gaza City, Northern Gaza, Geneva, Palestinian Territory, Israel

☆ Anthony Volpe’s grand slam lifts Yankees in Game 4, staves off Dodgers World Series sweep
▼ + stars: | 2024-10-29 | by ( Andy Mccullough | ) www.nytimes.com time to read: +5 min

Volpe gave the Yankees a lead in this series for the first time since Game 1. From there, the bullpen hung tough and held off the Dodgers long enough to force Game 5 on Wednesday in the Bronx. The Yankees became only the fourth team in baseball history and the first since 1970 to avoid a sweep in the World Series when down, 3-0. From there, the Dodgers appeared on the verge of the sweep, before Volpe took Dodgers reliever Daniel Hudson deep. Before the game, Dodgers manager Dave Roberts discussed the importance of length from two rookie pitchers, Ben Casparius and Landon Knack.

Persons: Aaron Boone, Anthony Volpe, “, ” Boone, Boone, Volpe, Gerrit Cole dueled, Jack Flaherty, Daniel Hudson, serenaded Volpe, idolizing Derek Jeter, Freddie Freeman, Austin Wells, Wells, Gleyber Torres, Brent Honeywell, Aaron Judge, Dave Roberts, Ben Casparius, Landon Knack, Casparius, Knack, Freeman, Luis Gil, Alex Verdugo, Roberts, Hudson, Jazz Chisholm, Giancarlo Stanton, Anthony Rizzo, Gil, Will Smith, Tim Hill, Shohei Ohtani, Sarah Stier Organizations: New York Yankees, Yankees, Dodgers, Dodger, Yankees pilloried Dodgers, New York Mets, National League Locations: Bronx, New Jersey

☆ The U.S. President has more influence on oil flows outside than inside of the country: Analyst
▼ + stars: | 2024-10-29 | 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 EmailThe U.S. President has more influence on oil flows outside than inside of the country: AnalystJim Burkhard from S&P Global Commodity Insights discusses the impact of the upcoming US elections on oil flows.

Persons: Jim Burkhard Organizations: P

☆ These stocks beat earnings and should outperform in months ahead, Wolfe Research says
▼ + stars: | 2024-10-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Wall Street is in the thick of earnings season, and some companies that have already reported could outperform going forward, Wolfe Research found. Following the bank's latest earnings report on Oct. 15, Wells Fargo reiterated its overweight rating on shares of Goldman Sachs. Shares rallied nearly 18% on Thursday after the health-care company posted earnings and revenue beats. Molina Healthcare earned an adjusted $6.01 per share, while the LSEG consensus estimate called for $5.81 in earnings per share. ServiceNow shares are up more than 35% year to date.

Persons: Wolfe, we're, Goldman Sachs, Wells, Mike Mayo, Molina, ServiceNow, Brad Sills Organizations: Wolfe Research, U.S, Molina Healthcare, . Software, Bank of America

☆ How the stock market is likely to react to the election outcome
▼ + stars: | 2024-10-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The SPDR S & P Regional Banking ETF (KRE) has jumped nearly 5% since the fourth quarter began on Oct. 1, while the S & P 500 is ahead a little more than 1%. In the event of a Trump win but with a divided Congress, the S & P 500 is likely to remain flat in the days following the election, Emanuel wrote. Evercore ISI expects the S & P 500 falling in the 10 days after the election, to roughly 5,700, as markets re-price their expectations. 3Fourteen Research co-founder Pies expects a Harris win would translate into a drop in cyclical and small-cap stocks, and spur investors to turn to high-quality tech names. However, a Harris win, with a split Congress, is an outcome that could spur a drop in the S & P 500 immediately after the election, down to about 5,525, according to Evercore ISI.

Persons: Stocks, Donald Trump, Kamala Harris, Mike Mullaney, Trump, Harris, Julian Emanuel, Warren, CNBC's, Emanuel, Evercore, Jeff Schulze, Evercore ISI's Emanuel Organizations: U.S, Nasdaq, NBC, Boston Partners, Treasury, Trump, Republican, Regional Banking, Evercore ISI, 3Fourteen Research, Democratic, ClearBridge Investments, ISI

(AP) — The federal government is handing out $2.4 billion in railroad grants to help pay for 122 projects nationwide with more than half of the money going to smaller railroads. The grants announced Tuesday by the Federal Railroad Administration will go to projects across 41 states and Washington, D.C. Last year, the administration handed out $1.4 billion in these rail grants. But the majority of the money — nearly $1.3 billion — will go to 81 projects at smaller short line railroads across the country. Chuck Baker, president of the American Short Line and Regional Railroad Association trade group, said the grants will help those smaller railroads significantly.

Persons: Joe Biden, Pete Buttigieg, Louis, Chuck Baker, Baker Organizations: Federal Railroad Administration, Regulators, CSX, Amtrak, Union Pacific, Regional Railroad Association, FRA, Associated Press Locations: OMAHA, Neb, Washington, Norfolk Southern, East Palestine , Ohio, Hudson, Albany, Rensselaer , New York, Illinois, Norfolk, Springfield, Chicago, St, California’s Orange County, Michigan, Milwaukee, America, U.S

☆ UBS updates its S&P year-end '25 target to $6,600
▼ + stars: | 2024-10-29 | 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 EmailUBS updates its S&P year-end '25 target to $6,600Alli McCartney, UBS Alignment Partners managing director, joins 'Money Movers' to discuss the firm's new year-end target, what it reflects, and what gold's outperformance means for equity markets.

Persons: Alli McCartney Organizations: UBS, Partners

We're got you covered if you're looking for how to get Garth Brooks tickets for his 2024 and 2025 Las Vegas residency extension. Date City StubHub prices Vivid Seats prices Time December 5, 2024 Las Vegas, Nevada $168 $168 8 p.m. December 7, 2024 Las Vegas, Nevada $132 $133 8 p.m. December 8, 2024 Las Vegas, Nevada $168 $174 8 p.m. December 12, 2024 Las Vegas, Nevada $152 $151 8 p.m. December 14, 2024 Las Vegas, Nevada $139 $139 8 p.m. December 15, 2024 Las Vegas, Nevada $136 $136 8 p.m. December 19, 2024 Las Vegas, Nevada $110 $129 8 p.m. December 21, 2024 Las Vegas, Nevada $137 $131 8 p.m. December 22, 2024 Las Vegas, Nevada $168 $157 8 p.m. February 21, 2025 Las Vegas, Nevada $172 $175 8 p.m. February 22, 2025 Las Vegas, Nevada $186 $176 8 p.m. February 23, 2025 Las Vegas, Nevada $150 $129 8 p.m. February 28, 2025 Las Vegas, Nevada $176 $185 8 p.m. March 1, 2025 Las Vegas, Nevada $171 $182 8 p.m. March 2, 2025 Las Vegas, Nevada $161 $170 8 p.m. March 7, 2025 Las Vegas, Nevada $171 $167 8 p.m. March 8. 2025 Las Vegas, Nevada $153 $148 8 p.m. March 9, 2025 Las Vegas, Nevada $159 $154 8 p.m. How to buy tickets for Garth Brooks 2024 concert tourYou can buy standard original tickets for Garth Brooks' 2024 concert tour through Ticketmaster. Tickets to see Garth Brooks' 2024 and 2025 concert tours vary depending on the date and demand for each show.

Persons: Garth Brooks, Brooks, We're, He'll Organizations: Business, Las, Las Vegas, Ticketmaster Locations: Las Vegas, Vegas, Vegas , Nevada, Austin

☆ UBS believes AI story is still in the 'early innings' and these are the stocks to play it
▼ + stars: | 2024-10-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

"We believe we are still in the early stages of the AI growth story," UBS equity strategist Sundeep Gantori wrote in a Monday note to clients, noting the launch of ChatGPT in 2022 as an inflection point for AI adoption. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities," UBS wrote. Moving forward, UBS sees a favorable risk/reward profile for the name, citing steady iPhone growth and strong growth in its services, among others, as catalysts. UBS thinks this early adopter of AI applications is still "well placed" to benefit from use cases that are relevant to the industry. "While we agree that rising competition will result in some subscriber churn, we expect Netflix to continue to report strong growth globally."

Persons: Sundeep Gantori, Gantori, AAPL, INTC Organizations: UBS, Nvidia, Reality Labs, Apple, Intel, Apple Intelligence, Netflix

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