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☆ What new U.S. export controls on China mean for Nvidia and other key parts of AI ecosystem
▼ + stars: | 2023-10-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Washington's tightened grip on artificial intelligence chip sales to China could have long-term implications for Nvidia , 2023's famed AI darling. Through Wednesday's close, Nvidia, the dominant AI player, had lost 7% this week, while Advanced Micro Devices and Marvell Technology slumped more than 2%. What it means for Nvidia Nvidia said in an SEC filing this week that the latest government curbs could hinder its new product development timeline, and a handful of chip models. The major aim of the latest U.S. restrictions is to prevent China from harnessing advanced semiconductor chips to strengthen its military. To be sure, Nvidia isn't the only company slated to feel the pressure from the latest export curbs.

Persons: Greg Bassuk, Atif Malik, Morgan Stanley's Joseph Moore, Malik, America's Vivek Arya, Harlan Sur, Goldman Sachs, Toshiya Hari, Paul Meeks, Meeks, Charles Shi, JPMorgan's, Raymond James, Srini Pajjuri, Michael Bloom Organizations: Nvidia, U.S . Commerce Department, Devices, Marvell Technology, Commerce Department, Micron Technology, AXS Investments, Nvidia Nvidia, SEC, United, United Arab Emirates, Citi, Intel, Investments, Bank, America's, JPMorgan Chase, Lam Locations: China, Boise , Idaho, Vietnam, Saudi Arabia, United Arab, Freemont , California

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

☆ Wall Street may be overlooking a key AI investing area and these potential winners
▼ + stars: | 2023-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street may be underestimating the potential for one major investing area to underpin generative artificial intelligence models: data. Now, as Wall Street has begun evaluating the secondary and tertiary winners of this long fight, investors may want to search for the data companies that also could triumph. Finding the data winners Engineers rely on data to train AI models, improve their performance and create a productive and relevant technology used by millions of consumers. "Right now, AI for them is an expense because they've got to train the models," he said. The median Wall Street price target on Oracle implies about 24% upside for the stock, which has already jumped 28% in 2023.

Persons: Raimo Lenschow, Paul Meeks, they've, Meeks, Snowflake, Michael Bloom Organizations: Nvidia, Microsoft, Nasdaq, Barclays, Solutions Wealth Management, Oracle, ServiceNow, Intuit, Companies, HSBC Locations: Salesforce

☆ We may be able to skip through '24 without a recession, says Independent Solutions' Paul Meeks
▼ + stars: | 2023-09-26 | 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 EmailWe may be able to skip through '24 without a recession, says Independent Solutions' Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk on the Street' to discuss his broad take on equity markets, how regulatory actions from the government may impact certain stocks, and more.

Persons: Paul Meeks Paul Meeks Organizations: Solutions, Solutions Wealth Management

☆ Nasdaq just posted its worst month since December. How the smart money played it
▼ + stars: | 2023-09-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The tech-dominated Nasdaq Composite and Nasdaq-100 indexes notched their worst month of the year in August, and their weakest performance since December 2022. Last month's pullback came as no shock to many veteran technology investors. Big August losers included popular AI-connected names Marvell Technology and Advanced Micro Devices , which shed more than 10% and 7%, respectively. Building small positions Amid the August pullback, Meeks built positions in some favored AI names. MRVL 1M mountain Marvell Technology shares pull back Munster used August's volatility to scoop up some shares of Etsy .

Persons: Paul Meeks, who's, we've, Meeks, Fortinet, Gene Munster, he's, Greg Bassuk, Bassuk Organizations: Nasdaq, Nvidia, Marvell Technology, Devices, Meta, Apple, Marvell, Broadcom, Taiwan Semiconductor, Cadence Design Systems, Munster, AXS Locations: Etsy

☆ Nvidia isn't the only game in town. Investors advise against overlooking these other AI beneficiaries
▼ + stars: | 2023-09-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Nvidia can't stop stunning Wall Street and the investing community in 2023, but portfolio managers say don't let the excitement overshadow other potential AI winners. "Theme after theme, transition after transition, the strong usually gets stronger," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Some retail and professional investors seemed to interpret the news as a sign that it's "game over" for some of the other AI chipmakers, Forrest said. Forrest, who's on the hunt for growth at a reasonable price, points to companies like Advanced Micro Devices, Micron Technology . On the AI chip theme, Meeks also points to Broadcom , Marvell Technology and Taiwan Semiconductor , a major supplier for Nvidia, as other ways to play the trend.

Persons: Paul Meeks, there's, Kim Forrest, Forrest, who's, Meeks, chipmaker, Capital Management's JoAnne Feeney, Feeney, it's Organizations: Nvidia, Independent Solutions Wealth Management, Intel, Devices, Broadcom, Marvell Technology, Bokeh Capital Partners, Micron Technology, AMD MU, AMD, MU, Taiwan Semiconductor, Capital, Google

☆ Salesforce is a cost-cutting story in the near-term, says tech investor Paul Meeks
▼ + stars: | 2023-08-30 | 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 EmailSalesforce is a cost-cutting story in the near-term, says tech investor Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss the A.I.-driven stock rally, Salesforce earnings results, the tech sector at large, and more.

Persons: Paul Meeks Paul Meeks Organizations: Solutions Wealth Management

☆ Investors make a case for standing by Nvidia after another blowout report
▼ + stars: | 2023-08-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The results boosted shares of Nvidia as much as 8%. Justifying the valuation After a more than 232% jump in 2023, Nvidia shares are on pace for their third best year on record and best yearly stretch since 2001. Opening and building positions Despite the blowout report, Nvidia gave up some of its gains, while its beneficiaries and competitors slumped into negative territory. Even so, the moves boosted his case for beefing up his position in Nvidia and other AI plays. Cerity Partners' Jim Lebenthal revealed to CNBC's "Halftime Report" on Thursday that he initiated a position in Nvidia earlier this week to get a "toehold before earnings."

Persons: Josh Brown, CNBC's, Nancy Tengler, Paul Meeks, Ken Mahoney, Jerome Powell's, Meeks, Cerity, Jim Lebenthal Organizations: Nvidia, Devices, Marvell Technology, Micro Computer, Taiwan Semiconductor Manufacturing, Laffer, Investments, Independent Solutions Wealth Management, Asset Management, Apple, Federal, Computer, AMD, Cerity Partners Locations: Jackson Hole , Wyoming

☆ Independent Solutions' Paul Meeks sees a buying opportunity in these tech stocks
▼ + stars: | 2023-08-14 | 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 EmailIndependent Solutions' Paul Meeks sees a buying opportunity in these tech stocksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Power Lunch' to discuss why investors should buy into the weakness in tech and more.

Persons: Paul Meeks Organizations: Solutions Wealth Management

☆ The digital ad market is showing signs of stabilization. How the pros are playing it
▼ + stars: | 2023-08-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The signs of stabilization are perhaps most evident through recent better-than-feared earnings from behemoths like Alphabet and Meta Platforms as they focus on cost cuts and efficiency after 2022's rout. Meta Platforms said ad revenue rose about 12% last quarter from the prior year. Buying the '800-pound gorilla' It's hard to ignore Alphabet or Meta Platforms when investing in the advertising industry. On the digital side, Hanna Howard, a research analyst at GAMCO Investors, opts for Meta Platforms. Amazon posted a 22% increase in online advertising revenue year over year, and $10.68 billion in sales overall.

Persons: Susan Li, Rohit Kulkarni, Gene Munster, Paul Meeks, Meeks, Morningstar's Ali Mogharabi, Hanna Howard Organizations: Apple, Google, Roth Capital Partners, Street, Meta, Intelligence, Amazon, Independent Solutions Wealth Management, GAMCO Investors, Munster, Web Services

☆ Top tech investor names 5 tech stocks to buy — and says 2 still have 'a lot of upside'
▼ + stars: | 2023-08-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Top tech investor Paul Meeks says he'll likely buy the dip in stocks, as he doesn't expect a significant and long-lasting downturn, he told CNBC. "Tech and aggressive growth stocks in particular, have done so well, this year, probably got way ahead of themselves going up too far too fast. The five tech stocks he said he would buy are Meta , Alphabet , Extreme Networks , Arista Networks and Shopify . Meeks added that he would also consider one small-cap tech stock that's "too cheap:" Harmonic , a video-streaming tech company. Here's how much average potential upside Wall Street is giving the stocks Meeks mentioned, according to FactSet.

Persons: Paul Meeks, he'll, Meeks, CNBC's, Amazon Meeks, He's, AAPL Organizations: CNBC, Wall, Nasdaq, Dow, Tech, Independent Solutions Wealth Management, Networks, Arista Networks, Apple, titans Apple, Oracle Locations: U.S, China

☆ Little room for AI startups due to acquisitions from big tech firms
▼ + stars: | 2023-08-04 | 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 EmailAcquisitions by the major tech firms will leave little room for startups in the AI spacePaul Meeks of Independent Solutions Wealth Management says in the AI race, the big companies will become bigger and many others won't make it. He predicts that Alphabet, Microsoft, Amazon and Tesla will remain major players in the AI space.

Persons: Paul Meeks Organizations: Solutions Wealth Management, Microsoft

☆ Apple will need to be more aggressive in articulating A.I. strategy, says tech investor Paul Meeks
▼ + stars: | 2023-07-31 | 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 EmailApple will need to be more aggressive in articulating A.I. strategy, says tech investor Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to preview the big earnings week ahead of Big Tech, including from companies like Apple and Amazon.

Persons: Paul Meeks Paul Meeks Organizations: Solutions Wealth Management, Big Tech, Apple

☆ Tech investor Paul Meeks says Apple is getting 'really expensive' and needs to 'get aggressive' on A.I.
▼ + stars: | 2023-07-31 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Apple will need to "get aggressive" communicating its artificial intelligence strategy to justify its valuation, tech investor Paul Meeks said. "At some point, they're going to have to join the rest of the FAANGs and be much more aggressive about articulating their AI strategy." During May's Apple earnings call CEO Tim Cook mentioned AI just twice, in part because the company generates the bulk of its sales from iPhones. "I think what they'll do is they'll talk about the efficiencies internally that AI brings," Meeks said. If they don't do it soon, they'll have an upcoming analyst meeting and I bet that will be a focus."

Persons: Paul Meeks, Meeks, CNBC's, Tim Cook, Kif Leswing Organizations: Apple, Independent Solutions Wealth Management, Microsoft, CNBC, iPhones, Web Services

☆ Microsoft shares hit a record high this week. How the pros are playing it
▼ + stars: | 2023-07-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Pretty much everyone believes that generative AI is going to be a critical place to be in the coming decades, and I think Microsoft is far ahead of everyone else." At its steep multiple and price appreciation, she is refraining from buying shares that look "due for a breather." MSFT 5D mountain Microsoft shares this week Most analysts and investors agree that Copilot represents a big opportunity for Microsoft, but some remain skeptical of how much it will be able to monetize and how many users it can attract. Earnings next week could offer the next big catalyst for Microsoft. Microsoft is so well known that any kind of growth investor would have that philosophy."

Persons: Nancy Tengler, Tengler, Paul Meeks, Meeks, Ken Mahoney, Mahoney, Goldman Sachs, Kash Rangan, Citi's Tyler Radke, Guggenheim's John DiFucci, You've, Michael Bloom Organizations: Microsoft, Laffer, Investments, Mahoney Asset Management Locations: overbought

☆ Tech investor Paul Meeks on strikes: Netflix is in 'pretty good shape' relative to other streamers
▼ + stars: | 2023-07-18 | 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 EmailTech investor Paul Meeks on strikes: Netflix is in 'pretty good shape' relative to other streamersPaul Meeks, Independent Solutions Wealth Management portfolio manager and finance professor at The Citadel, joins 'Squawk Box' to preview Netflix earnings results this week, the impact of Hollywood writers and actors strikes on the streamer's content pipeline, and more.

Persons: Paul Meeks Organizations: Tech, Netflix, Solutions Wealth Management

☆ What Meta's Threads app means for Twitter, social media and Meta's own profits
▼ + stars: | 2023-07-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.

Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners

☆ Here's an A.I. pure play that could get bought by a megacap tech, says investor Paul Meeks
▼ + stars: | 2023-07-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Longtime tech investor Paul Meeks said artificial intelligence pure play C3.ai could be a potential winner as the firm might be a acquisition target for megacap tech companies. "One pure play AI company, C3.ai, probably at some point successfully sells itself to one of the mega tech cap companies," Meeks said on CNBC Pro Talks Wednesday. Siebel sold his prior software company, Siebel Systems, to Oracle for nearly $6 billion in 2006. Three years later, he started C3.ai , a provider of AI solutions to businesses. C3.ai uses AI to predict a host of issues ranging from fraud detection to helping companies optimize their operations.

Persons: Paul Meeks, Meeks, Tom Siebel's, Siebel, Tom Siebel, it's, Baker Hughes Organizations: CNBC Pro, Independent Solutions Wealth Management, Siebel Systems, Oracle, Forbes, U.S . Department of Defense, Shell

☆ Chart analyst Katie Stockton shares how to play Nvidia at these levels
▼ + stars: | 2023-07-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

After a blowout performance to start the year, shares of Nvidia are showing signs of "upside exhaustion" and that could spell some near-term trouble ahead, according to Fairlead Strategies' Katie Stockton. The chart analyst told CNBC's " Pro Talks " on Wednesday that certain technical indicators suggest that Nvidia may soon enter a "corrective phase" that could lead to a slight pullback in shares, and recommended shying away from adding to positions right now. Nvidia shares have nearly tripled in 2023 as Wall Street bets on the semiconductor giant as the artificial intelligence giant to topple. Like Stockton, Paul Meeks, a portfolio manager at Independent Solutions Wealth Management, recommends holding Nvidia shares. Right now I'd just hold it, though it is my best AI pick."

Persons: Katie Stockton, CNBC's, there's, Paul Meeks, Meeks Organizations: Nvidia, Independent Solutions Wealth Management Locations: Stockton

☆ A.I. arms race is in 'hype cycle' stage, says tech investor Paul Meeks
▼ + stars: | 2023-07-07 | 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 EmailA.I. arms race is in 'hype cycle' stage, says tech investor Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager and finance professor at The Citadel, joins 'Squawk Box' to discuss the A.I. arms race, latest market trends, and more.

Persons: Paul Meeks Paul Meeks Organizations: Solutions Wealth Management

☆ A.I. enthusiasm drove up stocks this year. Here's how investors can catch the next opportunity
▼ + stars: | 2023-07-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Six months later, the promise of generative AI has boosted the Nasdaq Composite 31.7%, notching its best first half since 1983 . Betting on Nvidia Nvidia took Wall Street by storm this year. No matter how AI evolves, Nvidia was seen by many investors as a main beneficiary. Even with the stock's stellar performance, and recent entrance into the $1 trillion market cap club, investors aren't shying away just yet. "There will be an opportunity to get into some of these stocks at probably better levels than you're at now," Szilagyi said.

Persons: ChatGPT, Ken Mahoney, Mahoney, Jan Szilagyi, aren't shying, Sylvia Jablonski, Paul Meeks, Meeks, it's, Jordan Stuart, Eli Lilly's Mounjaro, Stuart, Szilagyi Organizations: Microsoft, Nasdaq, Nvidia, Meta, Apple, Mahoney Asset Management, Nvidia Nvidia, Nvidia —, Independent Solutions, Management, Investors, Big Tech, Federated Hermes, Novo Nordisk's Ozempic Locations: Hong Kong

☆ Apple shares hit an all-time high. What Wall Street says happens from here
▼ + stars: | 2023-06-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

As Apple sets a new record, Wall Street remains conflicted over the trajectory for shares in the near term. The iPhone maker notched a new all-time high on Monday, a week after hitting an intraday high . AAPL YTD mountain Apple shares in 2023 But with the jump in shares putting Apple about 2% shy of Wall Street's consensus price target, questions remain over the likelihood of more upside in the near term. As of midday Tuesday, Apple shares traded at a forward price-to-earnings multiple of more than 31 times, above the multiple for the broader S & P 500. Despite Apple's steepening stock price and some reservations about its valuation, many analysts are keeping their bullish stance.

Persons: Paul Meeks, Research's Angelo Zino, Bullish, Dan Ives, Ives, Tim Cook, it's Organizations: Apple, UBS, Securities, Big Tech Locations: Cupertino

☆ What Apple's entry into virtual reality means for the future of Meta Platforms and the metaverse
▼ + stars: | 2023-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Meta Platforms ' vision to sell a future where people work, play and mingle in a virtual world may finally be getting its long-overdue validation thanks to an unlikely partner. Apple on Monday unveiled its highly anticipated mixed reality product, known as Vision Pro , at its annual Worldwide Developers Conference . So confident in the bright future of the metaverse, Facebook rebranded itself as Meta Platforms in 2021 to better reflect its vision beyond social media. More than a year and a half later Apple's metaverse entry may finally offer the much-needed support to Meta's overambitious vision, and lure once skeptical investors back to the virtual world. With the company — and metaverse vision — so dependent on consumer adoption, this creates a difficult near-term setup, Meeks said.

Persons: It's, Mark Zuckerberg, Gucci, Meta's, Gene Munster, Wall, Paul Meeks, JPMorgan's Samik Chatterjee, Advisors Capital Management's JoAnne Feeney, Meeks, Davidson's Tom Forte, scoffed, Apple's, Feeney, Bernstein's Toni Sacconaghi Organizations: Apple, Developers, Facebook, Walmart, Grill, Independent Solutions Wealth Management, Advisors Capital, Munster, Quest

☆ Independent Solutions’ Paul Meeks explains why he wouldn't jump on the A.I. tech rally today
▼ + stars: | 2023-06-07 | 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 EmailIndependent Solutions’ Paul Meeks explains why he wouldn't jump on the A.I. tech rally todayPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss his top stock picks, why he believes the 2023 tech rally will come to an end, and there will be a buying opportunity later in the year.

Persons: Paul Meeks Organizations: Solutions Wealth Management

☆ Wall Street pros see the S&P 500 rallying further — and reveal how best to play it
▼ + stars: | 2023-06-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The S & P 500 is going from strength to strength this year, closing at a one-year high last Friday and up over 10% year-to-date. While many analysts have cautioned that the rally could be a narrow-based one, with gains driven by just a few major tech stocks, some Wall Street pros are expecting the S & P 500 to rally further. Evercore ISI's Julian Emanuel told CNBC's "Squawk Box Asia" on Tuesday that he has raised his S & P 500 price target from 4,150 to 4,450 . Emanuel said that the AI buzz driving stocks has turned into a so-called "momentum market" like the Internet-related rally of the late 1990s to 2000. "The Momentum broadened last week into the larger S & P 500 and importantly the Small Cap Russell 2000; this broadening is very positive and looks set to continue," he wrote in notes sent to CNBC.

Persons: Evercore ISI's Julian Emanuel, CNBC's, Emanuel, Russell, Brian Stutland, Stutland, we're, Paul Meeks, we'll, Evercore, laggards, Meeks Organizations: CNBC, Equity Armor Investments, Independent Solutions Wealth Management, Copa Holdings, Nvidia, Devices, Google, Marvell Technology

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