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Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Analyst Atif Malik's $130 price target, up from $119, implies that the stock could rally 17% from here. The firm upgraded the software giant to a buy rating and hiked its price target to $210 from $155. The investing firm downgraded the online bank to neutral from buy and removed its $44 price target. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet's antitrust issues will limit upside going forward, according to Evercore ISI.

Persons: Atif, Malik, — Lisa Kailai Han, Ben Reitzes, Reitzes, BTIG, Vincent Caintic, Caintic, Lisa Kailai Han, KeyBanc, Justin Patterson, Patterson, GE Vernova, Julian Mitchell nodded, Mitchell, Mark Mahaney, Mahaney, Fred Imbert Organizations: CNBC, ISI, Barclays, GE Vernova, Citi, Oracle Melius Research, Oracle, Ally, Spotify, TAM, GE, General Electric, Electric Utilities, DOJ, Google, Microsoft, TAC Locations: Friday's, MI, United States, U.S

Along with the downgrade, Roach slashed her price target to $286 from $463. Along with the downgrade, Arya cut his price target to $23 from $35 a share. — Samantha Subin 6:15 a.m.: Apple results suggest 'best is yet to come,' support multiyear upgrade cycle The latest earnings report from Apple reaffirms analysts' confidence in the technology giant and a multiyear upgrade cycle when it launches its latest iPhone later this year. Bernstein's Mark Shmulik trimmed his price target by $5 to $210 a share but encouraged investors to use the sell-off as an entry point. His price target of $95, down from $99, implies downside of 6.6% over the next 12 months.

Persons: Wells Fargo, Morgan Stanley, Henning Cosman, Cosman, — Samantha Subin, Goldman Sachs downgrades Lululemon, Goldman Sachs, Lululemon, Brooke Roach, Roach, LULU YTD, Vivek Arya, Arya, Samantha Subin, America's Wamsi Mohan, macOS, Samik Chatterjee, Citi's Atif Malik, Bernstein's Toni Sacconaghi, Morgan Stanley's Brian Nowak, ISI's Mark Mahaney, Bernstein's Mark Shmulik, Wells, downgrades Morgan Stanley Wells Fargo, Mike Mayo, Mayo, Morgan, Fred Imbert Organizations: CNBC, Barclays, Ferrari, Bank of America, Intel, AMD, Apple, Apple Intelligence, America's, Amazon, Web Services, North Locations: Europe, U.S, Lululemon

☆ Apple set to report fiscal third-quarter earnings after the bell
▼ + stars: | 2024-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple CEO Tim Cook attends the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales. This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is nearly one-third over. Apple revealed Apple Intelligence in June, and the first preview version of some features was released earlier this week. JPMorgan analyst Samik Chatterjee expects Apple to reassure investors that the coming iPhone replacement cycle will include better-than-expected revenue, thanks to AI.

Persons: Tim Cook, Tim Long, Apple doesn't, Long, Raymond James, Srini Pajjuri, Samik Chatterjee, Chatterjee, Apple, Wamsi Mohan, Atif Malik Organizations: Apple, Barclays, Apple Intelligence, Nvidia, JPMorgan, Services, Bank of America Securities, Huawei, IDC, Citi Locations: Cupertino , California, U.S, China

☆ Real estate investors share 3 strategies they've used to increase the value of their properties by up to 60%
▼ + stars: | 2024-07-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Real estate investing, if done prudently, can earn income in a variety of ways. There's no guarantee your real estate will appreciate, but there are strategies you can use to improve your chances. Focus on the kitchen and bathroomsDana Bull, a Massachusetts-based real estate investor, agent, and consultant, bought her first property for $200,000 in 2012. Massachusetts-based real estate investor Dana Bull. Unless you're truly an expert in design, it's often worth it to pay a professional, she said: "I'm a real estate agent.

Persons: Dana Bull, They'll, Afzal, Monroe, it's Organizations: Service, Business Locations: Massachusetts, Monroe , New York, New York City, Manhattan

☆ A real-estate investor who owns 5 properties in upstate New York shares strategies he uses to get his offers accepted in a competitive market
▼ + stars: | 2024-07-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Atif Afzal bought his first property in Monroe, New York in 2019. It has become increasingly more competitive to buy in Monroe, said Afzal, who owns five properties, including four long-term rentals and a primary home. Real-estate agent and investor Dana Bull, who does deals in Boston, has experience helping clients win bids. The key is to focus on the property — the specific things that you like about it — rather than you the buyer.

Persons: Atif Afzal, Afzal, what's, Dana Bull, they've, it's, Bull, you've Organizations: Service, Business, realtors Locations: Monroe , New York, New York City, Manhattan, New York, Monroe, Boston

☆ A real-estate investor who brings in $8,500 a month from his New York rentals explains why he avoids single-family homes and what he's willing to spend an extra $20,000 on
▼ + stars: | 2024-07-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +1 min

Each of his rental properties is a townhome, which he prefers because they're easier to maintain. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "It has to be townhomes," the 39-year-old real estate investor told Business Insider. Afzal bought his first property in Monroe — a town about 50 miles north of New York City — in 2019. This story is available exclusively to Business Insider subscribers.

Persons: Atif Afzal, —, Afzal Organizations: Service, Business, New York City — Locations: New York, Monroe —, New York City

☆ Wednesday's analyst calls: Stifel gets bullish on Tesla, FedEx seen rallying 40%, Citi boosts Nvidia
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.

Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S

Oppenheimer raised its price target on Nvidia after the company completed a 10-for-1 stock split. 7:07 a.m.: Baird increases First Solar price target Baird thinks First Solar has more room for growth after soaring 46% in the past month. His buy rating and $238 per share price target implies more than 23% upside ahead. — Brian Evans 5:41 a.m.: Oppenheimer raises Nvidia price target after stock split Nvidia's momentum will continue, according to Oppenheimer. — Brian Evans 5:41 a.m.: JPMorgan says buy Shopify Shopify is the "online sale you don't want to miss," according to JPMorgan.

Persons: Oppenheimer, Baird, Ben Kallo, Kallo, — Brian Evans, Apple's, Samik Chatterjee, WWDC, Atif Malik, We're, Goldman Sachs Michael Ng, OpenAI, Brian Evans, Morgan Stanley, Adam Jonas, Ford, Jonas, Ford's, Rick Schafer, Schafer, Reginald Smith, Smith, Fred Imbert Organizations: CNBC, Nvidia, JPMorgan, iPhone, Citi, Ford, China EV Locations: Monday's

☆ 'Best WWDC Ever': Wall Street is pumped up over Apple's AI game plan
▼ + stars: | 2024-06-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street was definitely impressed by Apple's WWDC event on Monday. Analysts predict AI features will drive significant upgrade cycles for the iPhone 16 and iPhone 17. Here's what Wall Street is saying about Apple's WWDC event. Citi: 'Best WWDC ever'"We believe Apple's WWDC was the best WWDC conference in a long time as it introduced 'AI for the rest of the people," analysts at Citi said. Chatterjee echoed Citi's thoughts that the AI features should drive a massive upgrade cycle for the iPhone over the next two years.

Persons: Apple's, Siri, —, Goldman Sachs, We're, Michael Ng, WWDC, Atif Malik, Samik Chatterjee, Chatterjee, Dan Ives, Ives Organizations: Service, Apple, Citi, Goldman, JPMorgan, Apple Intelligence, Cook

☆ Wall Street expects Apple's AI updates to power a strong upgrade cycle
▼ + stars: | 2024-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Davidson's Gil Luria to upgrade shares to a buy. Apple shares have lagged major technology peers this year due in part to its failure to share a clear-cut AI plan. Goldman Sachs analyst Michael Ng was "encouraged by the financial implications" of the announcements, noting that new product features should help fuel an iPhone upgrade cycle . Lingering skepticism To be sure, other analysts worry that Apple's AI prospects may not be enough to power significant upgrades. "Contrary to consensus, we maintain the view that Apple's AI strategy will not lead to a significant iPhone upgrade cycle this fall."

Persons: Tim Cook, Siri, D.A, Davidson's Gil Luria, Luria, Goldman Sachs, Michael Ng, Morgan Stanley's Erik Woodring, Woodring, Toni Sacconaghi, Atif Malik, OpenAI, Evercore ISI's Amit Daryanani, Apple's, David Vogt, Tim Long, Long Organizations: Apple, Worldwide, Apple Intelligence, Napster, Citigroup, UBS, Barclays

☆ Here's what to expect from Apple's AI event and how to trade it
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The pressure is heating up on Apple to flaunt its AI potential at its annual Worldwide Developers Conference Monday. Shares of Apple have lagged major technology peers since the start of the year, rising just 1.5%. While the Apple event isn't typically regarded as a big market-moving stock catalyst, the highly anticipated announcement of new generative AI-enabled features changes the narrative this year, Woodring said. He added that shares tend to underperform the S & P 500 by 10 basis points on average on the day of the event. The analyst retained a $225 price target on Apple shares, implying 14% upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, Siri, Tim Cook, Samik Chatterjee, Atif Malik, AAPL, Toni Sacconaghi Organizations: Apple, Developers, Nvidia, Microsoft, Mac, Citigroup, Google, Samsung

Apple 's about to kick off its annual Worldwide Developer's Conference where it's expected to announce its plans for AI. The company is expected to announce a partnership with OpenAI and reveal "Apple Intelligence," according to recent reports from Bloomberg. We'll also hear about the latest software updates for the iPhone, Mac, iPad, Apple TV and Apple Watch. Apple typically releases that software in developer preview ahead of a full launch for consumers sometime in the fall with the launch of the new products. You can also watch the live stream here:

Persons: OpenAI, WWDC, We'll, Craig Federighi, Atif Malik Organizations: Apple, Apple Intelligence, Bloomberg, Apple Watch, Citi Locations: Pacific

☆ Nvidia and more: Citi names global stocks to play the semiconductor boom
▼ + stars: | 2024-05-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The global semiconductor industry is set to experience "groundbreaking changes," Citi said, naming stocks to play the theme. Here are six stocks from Citi's list, which stand out for having substantial upside potential, according to FactSet's consensus price targets. Nvidia Among Citi's list of top stocks is investor darling Nvidia . Samsung Electronics and SK Hynix South Korean tech giants Samsung Electronics and SK Hynix also made Citi's list. Citi also noted that SK Hynix is looking forward to stronger supplies of HBM3E chips through to 2025, "in line with the customer's roadmap."

Persons: Atif Malik, ASMPT, Kevin Chen, Takayuki Naito, Ibiden, Hynix, Peter Lee, — CNBC's Michael Bloom Organizations: Citi, Nvidia, Tokyo Stock Exchange, Franklin FTSE, Franklin FTSE Hong Kong ETF, BlackRock Future Tech ETF, Samsung Electronics, SK Hynix South, SK Hynix, Korea ETF, Franklin FTSE South Korea ETF Locations: Hong Kong, Franklin FTSE Hong, SK Hynix South Korean, Korea, Franklin FTSE South

☆ What Nvidia's stock split means for retail investors
▼ + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Nvidia's upcoming stock split could propel the chipmaker higher over the short run and boost already enthusiastic investor sentiment, according to Wall Street. Nvidia's results prompted many Wall Street firms to boost their price targets on the stock as demand continues. While a split may improve accessibility by lowering the share price, it doesn't alter the value or fundamentals of the business. Citi's Atif Malik called the split a "positive surprise," while Susquehanna's Christopher Rolland said it "invigorates the retail crowd." "The 10:1 stock split likely adds short-term momentum to this AI bellwether," said Needham's Quinn Bolton.

Persons: Baruah, Citi's Atif Malik, Susquehanna's Christopher Rolland, Needham's Quinn Bolton Organizations: Semiconductor, Walmart, Lam Research, Nvidia

☆ Analysts boost Nvidia price targets on strong demand outlook, say 'narrative is clearly nowhere near its end'
▼ + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts are turning more bullish on Nvidia yet again following another strong guide from the chipmaking behemoth. "The narrative is clearly nowhere near its end, or likely nowhere near its peak," he wrote, adding that shares appear inexpensive. He expects Nvidia's Blackwell chips to be sold out through 2025. "While it's large enough market that competitors can succeed or even gain share, NVIDIA remains the standard bearer for multifaceted AI," he wrote. Nvidia's results lifted the broader chip sector, with the VanEck Semiconductor ETF (SMH) trading 3% higher in the premarket.

Persons: Tom O'Malley, Bernstein's Stacy Rasgon, Blackwell, Blayne Curtis, Citi's Atif Malik, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Sur, Morgan Stanley's Joseph Moore, Nvidia's Blackwell Organizations: Nvidia, Blackwell, Wall, Barclays, Jefferies, NVIDIA, VanEck Semiconductor, Micron Technology, AMD Locations: CY25

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Ransom's $10 price target implies about 37.6% potential upside for the stock, which has gained 8.5% this year. Mailk said he likes the buy-rated stock on "secular AI growth opportunities" and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print.

Persons: Jack, Piper Sandler, GoodRx, Raymond James Raymond James, John Ransom, — Pia Singh, Tesla, Dell, Amit Daryanani, Daryanani, Wolfe, Chris Caso, Caso, INTC, Coupang, Jennifer Han, Han, that's, Nvidia's, Piper Sandler's Harsh Kumar, Kumar, Blackwell, Atif Malik, Mailk, Pierre Ferragu, Logan Reich, JACK YTD, Fred Imbert Organizations: CNBC, Nvidia, Wall, RBC, Citi, New, Research, Kroger, pharma, Dell, DELL, Wolfe Research, Intel, UBS, Blackwell, RBC Capital Markets Locations: Korea

CNN —Three bewildered children sit on the roof of a mosque in Baghlan province, northern Afghanistan, their eyes blinking away mud that covers their entire bodies. Afghan relatives offer prayers during a burial ceremony for victims of flooding in Baghlan province, May 11, 2024. In the next days, teams will start distributing food to feed families for a month – what happens next is unclear. Workers repair a road destroyed by floods in Nahrin district of Baghlan province on May 12, 2024. The world is seeing the impacts of much larger, more severe events, whether that’s drought, rainfalls cyclones,” Anderson said.

Persons: let’s, “, Barakatullah, Haji Wakil Besmillah, ”, ” Barakatullah, –, Timothy Anderson, it’s, Anderson, that’s, They’re, it’ll, ” Anderson, Richard Bennett, Teresa Anderson Organizations: CNN, United Nations, Food Programme, “, WFP, Workers, Getty, Global, ActionAid Locations: Baghlan province, Afghanistan, Folo, Bulka, Baghlan, AFP, Nahrin district

☆ Flash floods in Afghanistan kill at least 200 people as humanitarian emergency looms
▼ + stars: | 2024-05-11 | by ( Niamh Kennedy | Radina Gigova | ) edition.cnn.com time to read: +3 min

CNN —Flash flooding that has ravaged northern Afghanistan in recent days has killed at least 200 people, UN agency the International Organization for Migration (IOM) told CNN Saturday. An Afghan man walks near his damaged home after heavy flooding in Baghlan province Saturday. Afghan men shovel mud from a house following flash floods. The flash floods add to a string of recent natural disasters that the region has had to endure. Flash floods also swept away dozens in Afghanistan in July, less than three months before thousands were killed by a powerful 6.3 magnitude earthquake that struck the western part of the country.

Persons: ”, Salma Ben Aissa, Mehrab, Gulbudeen, Zabihullah Mujahid, “, ” Mujahid, Mujahid Organizations: CNN, UN, International Organization for Migration, IOM, Afghanistan National Disaster Management Authority, Rescue, Reuters, AFP, Getty Locations: Afghanistan, Badakhshan, Ghor, Herat, “, Afghan, Baghlan, Laqayi, AFP, Pakistan

☆ Here come Apple’s quarterly results. This is what traders are watching
▼ + stars: | 2024-05-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Sacconaghi has a $195 price target on shares, suggesting 15% upside from Wednesday's close. Bernstein is optimistic that the ongoing weakness in the China market "is more cyclical than structural." Oppenheimer analyst Martin Yang lowered his forecast for the current quarter ahead of the report, accounting for softer iPhone sales trends in China. Sankar has a buy rating and a price target of $220. Malik reiterated his buy rating on the stock ahead of the announcement while notching down his price target to $210 from $220.

Persons: Tesla, Bernstein, Toni Sacconaghi, Sacconaghi, Oppenheimer, Martin Yang, Yang, Samik Chatterjee, Chatterjee, TD Cowen's Krish Sankar, Sankar, JPMorgan's Chatterjee, Atif Malik, Malik, Cowen's Sankar Organizations: Apple, Wall Street, Huawei, Counterpoint Research, JPMorgan, Citi Locations: China, India

Meanwhile, Canaccord Genuity initiated Coty with a buy rating and a price target that implied more than 30% upside. The firm initiated coverage of the restaurant chain stock with an equal weight rating and a $58 per share price target. The firm upgraded shares of the health technology company to buy from hold in a Sunday note and increased its target price to $178 from $140. The firm downgraded the computer peripherals maker to underweight from equal weight and lowered its price target to $75 per share from $85. The firm initiated coverage of the online forum stock with an equal weight rating and a $45 per share price target.

Persons: Morgan Stanley, Canaccord Genuity, Coty, Cava's, Jeffrey A, Bernstein, — Brian Evans, Jensen Huang, Atif Malik, Raimo Lenschow, Brian Evans, Masimo, MASI, Rick Wise, Logitech Morgan Stanley, Morgan Stanley's, Erik Woodring, Reddit, Morgan, Brian Nowak, Nowak, Canaccord, Susan Anderson, Anderson, COTY, Fred Imbert Organizations: CNBC, Barclays, Cava, Citi, Nvidia Citi, Nvidia, NVIDIA, Microsoft, Logitech, Coty, COTY Locations: Friday's, Cava, Taiwan, U.S

☆ Citi says buying chip stocks ahead of their AI presentations is a winning trade and this name is next
▼ + stars: | 2024-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

If recent history is any guide, snatching up shares of Marvell Technology (MRVL) ahead of its upcoming AI presentation could potentially pay off for investors, according to Citi. Given this setup, analyst Atif Malik opened a positive catalyst watch on the semiconductor stock ahead of its April 11 event, with its $91 price target implying 33% upside from Tuesday's close. MRVL YTD mountain Marvell shares in 2024 Nvidia, Broadcom and AMD "moved up into their respective AI days and the setup appears similar for MRVL after the recent pullback," he wrote. While Marvell shares have underperformed in recent weeks following a weak current-quarter guide, Malik noted that shares trade at an 18% valuation discount to many AI peers. The stock is down about 5% in march but up more than 13% on the year.

Persons: Atif Malik, Malik, Marvell Organizations: Marvell Technology, Citi, Marvell, Nvidia, Broadcom, AMD, Amazon Web, Fiber Communication Locations: California

☆ Workers are paying to get part of their paychecks early. It's 'payday lending on steroids,' one expert says
▼ + stars: | 2024-01-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +12 min

Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."

Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, —, Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont

☆ These dividend-growing stocks are ripe for the picking in 2024, Morgan Stanley says
▼ + stars: | 2024-01-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Dividend-growing stocks offer investors the ultimate of benefits: the prospect of rising income and stock price appreciation, Morgan Stanley found. Tech isn't usually associated with dividend income, but some semiconductor-related stocks made it to Morgan Stanley's list. Broadcom , an artificial intelligence beneficiary whose shares are up 88% in the past year, was also highlighted on Morgan Stanley's list of dividend ideas. Finally, Mondelez International , maker of Sour Patch Kids candy and Oreo cookies, made it to Morgan Stanley's list of dividend growers. Other names that made Morgan Stanley's list of companies that have raised their dividends include Accenture , Microsoft , Marathon Petroleum and D.R.

Persons: Morgan Stanley, Todd Castagno, Castagno, Morgan Stanley's, Lam, Atif Malik, Morgan, Goldman Sachs, Morgan Stanley's Pamela Kaufman, Mondelez Organizations: Federal Reserve, Equity, Tech, Lam Research, FactSet, Citi, Broadcom, Mondelez, Accenture, Microsoft, Marathon Petroleum Locations: U.S, Horton

☆ Wall Street has a new favorite AI pick
▼ + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts on Wall Street think Arista Networks is the next premier artificial intelligence play. On Monday, the company reported a blowout third quarter that surpassed Wall Street expectations on both the top and bottom lines. Moving forward, analysts think the company can be the top player in the Ethernet application of AI. "While there remains risk heading into the 800G cycle, we continue to think Arista is well positioned." The analyst reiterated Arista as a top AI pick into 2024.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's Meta Marshall, Marshall, Atif Malik, Malik, capex, Michael Bloom Organizations: Arista Networks, Arista, FactSet, Barclays, Citi Locations: Infiniband

☆ Factories are heading for a 'dark' future — and it's not what you think
▼ + stars: | 2023-10-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Factories have been transformed by automation, with robots now taking on a considerable proportion of jobs once done by people – lifting heavy loads, assembling parts, and more. Some manufacturers are edging toward a future of factories focused on "lights out" or "dark" production. In such a setting, factories have near-total to full automation, with robots able to continue running overnight when humans are no longer there. The company is working to prepare and pack fruit with a lineup of robots that can operate with little to no supervision. Will the future of manufacturing truly be "dark"?

Persons: packer, Atif Syed, Syed, Helge Wundermann Organizations: CNBC, University College London Locations: England

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