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☆ How to invest in the ChatGPT-driven AI boom: Credit Suisse shares 6 stocks they're labeling as "top picks" as their exposure to AI development opens them up to new revenue streams
▼ + stars: | 2023-03-05 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Badri's price 12-month price target for shares of Microsoft is $285. The analysts said that growing AI use cases will help Taiwan Semiconductor Manufacturing Company and their high performance computing business, which has already doubled since 2016. Credit Suisse's 12-month price target for the stock is $330, which is upside of 16%. Chou has a price target of NT$1,100 for the stock, meaning 13.5% upside. Both Taiwan Semiconductor Manufacturing Company and Baidu are traded on US exchanges, while Accton and Wiwynn are traded in Taiwan.

☆ Huawei spin-off Honor takes aim at Samsung in foldables; shrugs off U.S. sanction concerns
▼ + stars: | 2023-03-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

The Honor Magic Vs is on display at Honor's stand at Mobile World Congres in Barcelona. The near $1,700 device is Honor's attempt to challenge Samsung in the foldable smartphone market. Honor takes aim at Apple and SamsungHonor launched its Magic Vs foldable phone outside of China this week, with a price tag of nearly $1,700. Honor had a large poster for the Magic Vs with the tagline: "Unfold your magic." "Our ambition and target is develop the best foldable phone, so be the number one technology for foldable phones.

☆ Artificial intelligence is on the brink of an 'iPhone moment' and can boost the world economy by $15.7 trillion in 7 years, Bank of America says
▼ + stars: | 2023-03-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Bank of America strategists predicted artificial intelligence will revolutionize everything as it teeters on its "iPhone moment." Bank of AmericaLarge language models like ChatGPT make massive amounts of information accessible to everyone, without high barrier to entry or required training. In addition, the exponential rate of technological development suggests that, within a decade, AI models could be a million times more powerful than they are today. Meanwhile, UBS is forecasting that the artificial intelligence hardware and services market will reach $90 billion by 2025. In 2020, it was worth about $36 billion, per IDC and Bloomberg Intelligence data.

☆ Premium segment of global smartphone market appears resilient: IDC
▼ + stars: | 2023-03-01 | 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 EmailPremium segment of global smartphone market appears resilient: IDCBryan Ma from IDC says economic headwinds, including inflation pressure are major risks to global smartphone market this year, but reopening trends, especially in China may bring positive surprise to the market.

☆ AI is set to boom into a $90 billion industry by 2025 as ChatGPT generates investment frenzy, UBS Wealth Management CIO says
▼ + stars: | 2023-02-28 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

UBS predicted that the artificial intelligence hardware and services market will hit $90 billion by 2025. "We think the early success for chatbots could drive attract more technology talent, and drive faster adoption by enterprises and governments," UBS said. "We think the early success for chatbots could drive attract more technology talent, and drive faster adoption by enterprises and governments," Marcelli added. The market forecast predicates itself on AI being a "horizontal technology," meaning that it has important use cases across various industries. Investors are taking advantage of the frenzy, with a boost in share price for certain companies that integrate or use AI.

☆ Chinese smartphone giant Xiaomi takes aim at Samsung and Apple with latest $1,000 device
▼ + stars: | 2023-02-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Xiaomi is trying to push into the high end of the smartphone market with the Xiaomi 13 Pro. Xiaomi launched its flagship smartphone globally on Sunday as the Chinese electronics giant attempts to take a slice of the high-end market and challenge Apple and Samsung . The Xiaomi 13 and 13 Pro were originally launched in China in December, but now the Beijing, China-headquartered company is bringing the devices to markets overseas. The Xiaomi 13 Pro device sports a 6.73-inch display and the latest Snapdragon 8 Gen 2 chipset from U.S. firm Qualcomm . The Xiaomi 13 starts at 999 euros ($1,053) while the 13 Pro starts at 1,299 euros.

☆ South Korea's new 'stealthy' fighter jet just hit a supersonic milestone
▼ + stars: | 2023-02-17 | by ( Maya Carlin | ) www.businessinsider.com time to read: +4 min

South Korea's KF-21 Boramae "Fighting Hawk" made its first supersonic flight in January. Roughly 65% of the KF-21's parts are domestically produced, a major feat for South Korea. Positioned near the PRC and the Hermit Kingdom, South Korea considers aerial-defense capabilities to be paramount to its security. ReutersDespite its advanced electronics capabilities, Seoul refers to its KF-21 fighter as a 4.5-generation fighter. The Boramae's recent test flight makes Seoul the eighth nation to produce a supersonic fighter.

☆ Chinese smartphone giant Oppo launches foldable flip phone as it bets on high-end market
▼ + stars: | 2023-02-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Oppo Find N2 Flip is a foldable smartphone that has a screen on the outside too. Oppo is looking to boost its position in the premium smartphone market with the £849 ($1024) device. Oppo launched a foldable flip phone for international markets, as the Chinese smartphone maker looks to boost its business outside of China. The Find N2 Flip marks Oppo's push to make a dent in the premium segment of the smartphone market and in the nascent foldable phone category. The Find N2 Flip, which was launched on Wednesday, folds in the middle like a traditional flip phone and boasts two screens.

☆ Apple patent adds to hype around foldable device from the iPhone maker
▼ + stars: | 2023-02-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

However, iPhone shipments declined 14.9% year on year. Apple's latest patent is adding to anticipation that the iPhone maker could be on the cusp of launching a foldable device. Apple is yet to introduce a foldable iPhone or any device, unlike competitors such as Samsung. Analysts at UBS said in a note published Tuesday that the patent "could indicate a foldable device is a possibility but not this year." The analysts said that a foldable smartphone "could be an incremental opportunity for future generation iPhone models."

☆ TripActions Rebrands as Navan, Adds ChatGPT to Expense Reports
▼ + stars: | 2023-02-07 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

TripActions, a business-travel software startup, plans to integrate OpenAI’s ChatGPT capabilities across its online platform, an effort aimed at seizing market share by making expense reports easier to use. That way, the expense report is generated during the trip as expenses are incurred, Mr. Cohen said. “Generally, software in the business-to-business space is designed to serve the company,” rather than the employees, Mr. Cohen said. “Using AI helps you create the kind of software that I’m talking about,” Mr. Cohen said. PREVIEWSAP Concur has also begun using AI in its travel and expense software, which can “tap decades of expense data and experience tracking to identify hard-to-detect spend issues and anomalies,” said Charlie Sultan, president of Concur Travel.

☆ From Nike to Nutella: Company names you have probably been mispronouncing your whole life
▼ + stars: | 2023-02-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

Global company names often get Anglicized or Americanized to the point where they're unrecognizable, but brands could see some benefits if their names are pronounced correctly. Allianz: al-ee-anz"Allianz " is, perhaps unsurprisingly, the German word for "alliance." It isn't pronounced like the ancient Greek herald of the gods, Hermes, unlike the U.K. delivery company of similar spelling. Moët & Chandon: mow-et ey shon-donIn contrast to typical French pronunciation, there is a hard "T" sound at the end of "Moët." Heuer is the last name of the company's founder, Edouard Heuer.

☆ Retailers in China enact rare price cuts for Apple's high-end iPhone 14 line
▼ + stars: | 2023-02-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Retailers in China including JD.com and Suning have cut the price of Apple's iPhone 14 Pro and Pro Max. Major retailers in China slashed the price of Apple's high-end iPhone 14 models amid a slump in smartphone demand in the world's second-largest economy. The basic iPhone 14 Pro Max is listed for 8,199 yuan after an 800 yuan reduction. Suning, another major retailer, is selling the basic model of the iPhone 14 Pro for 7,199 after discounts and the iPhone 14 Pro Ma for 8,199. The iPhone 14 Pro starts at 7,999 yuan and the Pro Max starts at 8,999.

☆ Dell to lay off 6,650 workers, or 5% of its workforce
▼ + stars: | 2023-02-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Dell on Monday announced plans to lay off 5% of its workforce, or about 6,650 employees, according to an SEC filing. As of Jan. 28, 2022, Dell had 133,000 total employees, according to a company filing with the SEC. In the memo to employees, Clarke said Dell has navigated economic downturns before, and "emerged stronger" as a result. The company's layoffs announcement marks the latest round of job cuts in the tech industry, as PayPal announced plans to cut 2,000 jobs Tuesday. Earlier this month, Google announced plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce announced plans to lay off 7,000 workers.

The chipmaker forecast current quarter revenue in the range of $8.7 billion to $9.5 billion, compared with analysts' estimates of $9.55 billion, according to Refinitiv data. Its fiscal first quarter revenue dropped 12% year-on-year to $9.46 billion, below Wall Street expectation of $9.60 billion as Qualcomm also grapples with weak demand for smartphones and a supply glut. Smartphone chip firms including Apple supplier Qorvo (QRVO.O) forecast downbeat earnings as its customers continued to clear bloated inventory. Analysts at Cowen expect smartphone shipments will fall 4% this year as recovery in China demand will take some time following a big COVID-19 outbreak. It expects adjusted earnings per share to be between $2.05 and $2.25, compared to analysts expectations of $2.26 per share.

☆ Qualcomm revenue falls 12%, guidance implies more pain this quarter
▼ + stars: | 2023-02-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Here's how the company did:Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. Revenue: $9.46 billion, vs. $9.60 billion as expected by analysts, according to Refinitiv. Qualcomm's overall revenue decreased 12% year over year in the quarter, which ended Dec. 25, according to a statement. In the quarter Qualcomm and Renault Group announced an extension of their collaboration and said Qualcomm would invest in Ampere, the automaker's electric and software company.

☆ Samsung's newest Galaxy S smartphones a test of brand power in weak market
▼ + stars: | 2023-02-01 | by ( Joyce Lee | ) www.reuters.com time to read: +3 min

[1/5] Samsung Electronics' flagship smartphone Galaxy S23 is seen on display at an unveiling ceremony in Seoul, South Korea, January 30, 2023. The Galaxy S23 smartphone series has better cameras and faster chips than its predecessor, but analysts said early sales would face weak demand as consumers spent less on discretionary goods amid surging inflation. In the United States, the base Galaxy S23 will be priced from $799 and two higher-specification versions, the S23 Plus and S23 Ultra, from $999 and $1,199, respectively. In that tough environment, analysts said Samsung's mobile strategy would centre on profitability through premium offerings, including the S series and foldables. Samsung said on Tuesday that a decline in low- and mid-range smartphone sales in the fourth quarter had been greater than expected.

"AMD remained resilient and even made gains in their datacenter chips...against Intel," said Wayne Lam analyst at CCS Insight. Chief Executive Lisa Su said she was confident AMD will keep gaining market share this year and that the second half would be stronger than the first. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said on the earnings call. Analysts on average were expecting revenue of $5.50 billion, according to Refinitiv data. Analysts on average expected revenue of $5.48 billion, according to Refinitiv data.

☆ Apple's expected to post its first revenue decline since 2019 on Thursday
▼ + stars: | 2023-01-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook speaks at an Apple special event at Apple Park in Cupertino, California on September 7, 2022. (Photo by Brittany Hosea-Small / AFP) (Photo by BRITTANY HOSEA-SMALL/AFP via Getty Images)Analysts expect Apple to post its first year-over-year revenue decline since 2019's March quarter when it reports earnings on Thursday. Apple gave a rare warning to investors that month explaining that production issues would result in lower shipments than "previously expected." The smartphone market saw an 18% decline in shipments in the fourth quarter, according to IDC, the worst decline ever recorded by the market research firm. The PC market fell 28% in the fourth quarter, according to the company.

☆ China's 2022 smartphone shipments the lowest in 10 years, research firm says
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Jan 29 (Reuters) - China's smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday. That meant total 2022 sales volume was the lowest since 2013 and the first time since then that annual sales have dropped below 300 million, IDC said in a report. Its total shipments fell 25.1% year-on-year, however. The plunge in smartphone sales in China reflected the sector's performance globally. In 2022, global smartphone shipments hit 1.2 billion, the lowest since 2013 and a year-on-year fall of more than 11%, according to IDC.

☆ China's 2022 smartphone shipments the lowest in 10 years - research firm
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Andrew KellyOAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is skeptical. That's a headwind for Intel and AMD, both of which are rolling out new chips, but Intel is facing a larger inventory correction. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. Chipmaker shares were hammered across the board on Friday, but Intel led the decline, slumping by 10% while AMD lost 1.8%. AMD set to overtake Intel in market cap, again AMD set to overtake Intel in market cap, againReporting By Jane Lanhee Lee and Chavi Mehta; Editing by David Gaffen, Peter Henderson, Kirsten Donovan and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

OAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) has stumbled badly at a time when smaller rival AMD and others are picking up speed. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. "I don't think Intel is in a position yet to start recovering share" in the market, he said. Customers of processors cannot launch products if new chip designs are late, and Intel has stumbled on delivering its latest data-center chip, code named Sapphire Rapids. Worse for Intel, the benchmarks published by the two companies show that AMD's latest server chip outperforms Sapphire Rapids on "general purpose workloads", according to Bernstein analyst Stacy Rasgon.

"Everything hinges on the PC market recovery. Meanwhile, the data center market has also slowed from double-digit growth as businesses cut costs to ride out an economic slowdown. The company forecast first-quarter revenue in the range of about $10.5 billion to $11.5 billion. The company expects an adjusted loss of 15 cents per share versus expectations of a 24 cents per share profit. Revenue in the fourth quarter fell 32% to $14 billion.

"Everything hinges on the PC market recovery. AMD isn’t immune to this either," said Wayne Lam, an analyst at CCS Insight about Intel rival Advanced Micro Devices Inc (AMD.O). Shares of other microchip companies fell as well, with AMD down 2.4% and Nvidia Corp (NVDA.O) down 2%. PC shipments fell 16.5% to 292.3 million units in 2022, per data from research firm IDC, forcing chipmakers to cut back production and slash revenue forecasts. Meanwhile, the data center market has also slowed from double-digit growth as businesses look to cut costs to ride out an economic slowdown.

☆ Smartphone shipments plunge to a low not seen since 2013 — their largest ever decline
▼ + stars: | 2023-01-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Apple maintained its position as the world's largest smartphone maker by shipments in the fourth quarter of 2022, according to IDC. Global smartphone shipments plunged in the fourth quarter of 2022 — usually a big holiday shopping period — thanks to macroeconomic weakness and soft consumer demand, according to market research firm IDC. The U.S. tech giant shipped 72.3 million iPhones in the fourth quarter, down 14.9% year on year, IDC said. Samsung, the second-largest smartphone player, saw shipments decline 15.6% year on year to 58.2 million units. That was the biggest decline among the top five smartphone players, which also include Chinese smartphone makers Oppo and Vivo.

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