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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNasdaq pullback is buying opportunity for companies spending on AI, says Deepwater's Gene MunsterGene Munster, managing partner at Deepwater Asset Management, joins CNBC's 'The Exchange' to discuss market outlooks, how to play the Nasdaq pullback, and more.
Persons: Deepwater's Gene Munster Gene Organizations: Deepwater's Gene Munster Gene Munster, Deepwater Asset Management
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "There are other companies that are $3 trillion market caps — I think Tesla can be in that league," he said. Related storiesTasha Keeney, a director at longtime Tesla investor ARK Invest, said on CNBC on Tuesday that ignoring Robotaxis today is a huge mistake. Ron Jewsikow, a Guggenheim analyst, said on CNBC that he is not worried about whether Tesla will be able to deliver its Robotaxis. AdvertisementIn China, Apollo, which is owned by Baidu, is offering rides for just over 10 cents a mile, Jewsikow said.
Persons: , Tesla, Cybertruck, Elon Musk's, I'm, Gene Munster, Munster, Optimus, Tasha Keeney, it's, Price, Tesla optimist Daniel Ives, Ron Jewsikow, He's, Jewsikow Organizations: Service, Investors, Business, Deepwater Asset Management, CNBC, ARK Invest, Tesla optimist, Guggenheim, Baidu Locations: China
Alphabet investors may want to prepare for some volatility moving forward. However, shares fell about 5% as the company also reported lower-than-expected YouTube advertising revenue. On top of that, Alphabet highlighted plans to boost capital expenditures as it races to meet rising artificial intelligence demand. That is due in part to tough advertising comparisons amid the anniversary of a particular strong period for Asia and Pacific retailers. The move to 'future proof' business Some analysts and investors are reading the tea leaves with a positive tilt, however.
Persons: Ruth Porat, Sundar Pichai, Porat, Mark Shmulik, Brent Thill, Benjamin Black, Ross Sandler, Gene Munster, Goldman Sachs, Eric Sheridan, Bank of America's Justin Post, Truist's Youssef Squali, Citi's Ronald Josey Organizations: Jefferies, Deutsche Bank, Barclays, Bank of America's, DR Locations: Asia, Pacific
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "There are other companies that are $3 trillion market caps — I think Tesla can be in that league," he said. AdvertisementAnother analyst sees Tesla's recent price hikes as a good sign. Ron Jewsikow, a Guggenheim analyst, said on CNBC that he is not worried about whether Tesla will be able to deliver its Robotaxis. AdvertisementIn China, Apollo, which is owned by Baidu, is offering rides for just over 10 cents a mile, Jewsikow said.
Persons: , Tesla, Cybertruck, Elon Musk's, I'm, Gene Munster, Munster, Optimus, Tasha Keeney, it's, Price, Tesla optimist Daniel Ives, Ron Jewsikow, He's, Jewsikow Organizations: Service, Investors, Business, Deepwater Asset Management, CNBC, ARK Invest, Tesla optimist, Guggenheim, Baidu Locations: China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla on Tuesday had a lackluster earnings report that revealed the electric vehicle maker once again missed investor expectations. And Elon Musk is probably a little nervous. Advertisement"I want to be clear that was in Tesla's interest, not contrary to Tesla's interest," Musk said. In Q2 earnings, Tesla reported a 7% decrease in year-over-year automotive revenue, which contributed to the company's diminished profits.
Persons: , Tesla, Elon Musk, Musk, xAI, Gene Munster, Dan Coatsworth, AJ Bell, Musk's, doesn't, Coatsworth Organizations: Service, Business, Deepwater Asset Management, CNBC, Tesla, Reuters
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's robotaxi won't be out by early next year, asset manager saysGene Munster, managing partner at Deepwater Asset Management, says Tesla is navigating a "very painful chapter."
Persons: Gene Munster, Tesla Organizations: Deepwater Asset Management
Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.
Persons: Tesla, , Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla hits after-hours lows, Musk postpones robotaxi unveiling to OctoberGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk the Tesla investor call and how he is taking the earnings results.
Persons: Gene Munster Organizations: Deepwater Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeepwater's Doug Clinton names Alphabet as his favorite 'Mag 7' companyDoug Clinton, Deepwater Asset Management, joins 'Closing Bell' to discuss the company's AI investments, capex concerns, and the tech sector.
Persons: Doug Clinton Organizations: Deepwater Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill very bullish that we're in a 3-5 year tech bull market, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the rotation out of tech, what to make of the latest pullback in the Nasdaq, and more.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management, Nasdaq
Instead of getting a young company with a lot of growth ahead, IPO investors are getting stocks that are already near the top of their valuations, Morgan Stanley argues. Experts say that despite barriers to investment — like high net worth standards and regulatory scrutiny — the shift to private markets is hard to stop. Deepwater offers venture capital funds that provide access to private market companies at early stages. To be sure, novice investors face hurdles exploring private markets, including steep fees and the lack of a public exchange investment vehicle. He added that public markets are still ripe with opportunity and shouldn't be ignored for the sake of private market investing.
Persons: Morgan Stanley, Edward Stanley, That's, Stanley, who's, Gene Munster, Paul Meeks, Meeks, Munster, shouldn't Organizations: Asset Management, Piper, Deepwater, Management, Federal Locations: Snowflake, Airbnb, London, Munster
Tesla breaks longest winning streak since mid-June
  + stars: | 2024-07-12 | 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 EmailTesla breaks longest winning streak since mid-JuneGene Munster, Deepwater Asset Management managing partner, joins 'Squawk on the Street' to discuss Tesla's lowest week, plans for the company's play in autonomous driving, and more.
Persons: Tesla, Gene Munster Organizations: Deepwater Asset Management
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bulls firmly have control of Tesla right now, says Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss Tesla's stock turnaround, what's in the pipeline for the company, growth outlook, and more.
Persons: Doug Clinton Doug Clinton Organizations: Deepwater Asset Management
Deepwater's Gene Munster on why Google will win the AI arms race
  + stars: | 2024-07-05 | 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 EmailDeepwater's Gene Munster on why Google will win the AI arms raceGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the state of the AI arms race, why he believes Google will ultimately prevail in the AI race, and more.
Persons: Deepwater's Gene Munster, Gene Munster Organizations: Deepwater's, Google, Deepwater Asset Management
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's AI features will create groundswell of demand, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Closing Bell Overtime' to talk Apple's next moves with AI.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management
The tech drawdowns are healthy, says Deepwater's Doug Clinton
  + stars: | 2024-06-26 | 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 EmailThe tech drawdowns are healthy, says Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Closing Bell' to discuss if he believes big tech is hitting a turning point.
Persons: Doug Clinton Doug Clinton Organizations: Deepwater Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is going to be a great week for AI investors, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the state of the tech sector, what to make of the retreat of some tech and chip stocks from their record highs, and more.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe AI infrastructure build could still last several years, says Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the state of the tech sector, state of the AI technology race, the divergence among hardware and software companies, and more.
Persons: Doug Clinton Doug Clinton Organizations: Deepwater Asset Management
The new OS18 also brings a calculator app to the iPad — a feature the device never had. The app looks a lot like the iconic orange and white calculator users have long seen on the iPhone. Math Notes will automatically be accessible in the preexisting Notes app. New calculator feature revealed at Apple WWDC 2024. Apple's calculator seems less impressive than OpenAI's GPT-4o, which can look at a math problem and verbally talk the user through the solution step-by-step.
Persons: , iPads, Apple, Gene Munster Organizations: Service, Conference, Apple Intelligence, Business, Apple, Big Tech, Deepwater Asset Management
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToday is Apple's biggest day since 2007, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk the outcome of Apple's WWDC.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management
Apple needs its big AI moment
  + stars: | 2024-05-24 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +4 min
That's made Apple's lack of a big generative AI announcement so far particularly noticeable. However, one big sign an announcement may be coming at WWDC was the unveiling of its M4 chip, which Apple described as an "outrageously powerful chip for AI." The CEO spoke of "big opportunities across our products" for generative AI and promised that Apple is "well positioned" to take on the space. "We think investors will take any generative AI announcement positively," Morningstar tech analyst William Kerwin said. We'd expect any new-gen AI announcement to see strong adoption when released."
Persons: , they've, chatbot, That's, Dan Ives, Apple, Tim Cook, William Kerwin, Morningstar, Gene Munster, OpenAI, Siri, Ives, Deepwater's Munster, Kerwin Organizations: Service, Developers Conference, Microsoft, Google, Business, Wedbush Securities, Apple, iPad, Morningstar, Deepwater Asset Management, Bloomberg Locations: Cupertino , California, WWDC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's growth story will continue, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Nvidia's 'halo effect' on the markets.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeepwater's Gene Munster says today was 'underwhelming' for MicrosoftGene Munster, Deepwater Asset Management managing partner, joins 'Closing Bell' to discuss the AI trade and Microsoft's tech event.
Persons: Deepwater's Gene Munster, Microsoft Gene Munster Organizations: Deepwater's, Microsoft, Deepwater Asset Management
The stock market's current bull rally could last for another 5 years, according to tech analyst Gene Munster. Munster said a new crop of AI companies will go public and drive a boom in the stock market. But Munster expects the stock market rally to morph into a bubble that eventually bursts. Instead, much of the upside that Gene sees inflating the stock market bubble will come from smaller AI-focused companies. AdvertisementAnd while Munster sees the stock market rally morphing into a bubble that comes to a painful end towards the end of the decade, that doesn't mean investors should avoid owning stocks.
Persons: Gene Munster, , we've, Munster, Munster's Organizations: Munster, Service, Deepwater Asset Management, CNBC, Microsoft, Apple, Google
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiggest AI winners will come down to Meta and Google, says Deepwater Asset's MunsterGene Munster, Deepwater Asset Management, joins 'Squawk on the Street' to discuss which tech companies will be impacted most by AI, the kinds of companies growing from artificial intelligence, and more.
Persons: Munster Gene Munster Organizations: Google, Munster, Deepwater Asset Management
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