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Shares of Alphabet are on the verge of a possible breakout ahead of the company's three-day Google Cloud Next conference in Las Vegas, where artificial intelligence will be a major theme. Shortly after the trade, Alphabet shares ran into a brick wall after some advertising weakness surfaced in fourth-quarter results and was followed by a controversy over Gemini's image generator that caused the company to pull the tool. The conference is expected to show that "Google is not being left behind, not being troubled by Search," Jim said. That said, we expect Tuesday's AI conversation to be limited to how it relates to Google Cloud. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Thomas Kurian's, Nvidia —, bottoming, Jim Cramer, Jim, Nikesh Arora, Anthropic, Dario Amodei, Ford Yao Ge, Nik Spirin, Oppenheimer, Claude, Jim Cramer's Organizations: Google Cloud, Google, Microsoft, Super, Apple, Nvidia, Management, CNBC, Amazon, Bank of America, Palo Alto, Ford, Apple's Worldwide, Getty Locations: Las Vegas, Palo Alto, Amazon, OpenAI
The Verge blames search engines. But here’s another: Our digital lives have become one shame closet after another. A shame closet is that spot in your home where you cram the stuff that has nowhere else to go. But as the shame closet grows, the task of excavation or organization becomes too daunting to contemplate. The shame closet era of the internet had a beginning.
Persons: Inboxes Organizations: Wired, Technology, Google
Shockwave Medical — The medical device stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. Krispy Kreme — Shares of the doughnut chain surged 5% in premarket trading after Piper Sandler upgraded the stock to overweight from neutral. Fox Corporation Class A — The stock rose 1% following an upgrade to buy from neutral at Seaport Research. Western Digital — The semiconductor stock rose nearly 3.5% after an upgrade to buy from neutral by Rosenblatt Securities. Agilent Technologies — The life sciences applications company rose more than 1% after receiving an upgrade to buy from hold at Stifel.
Persons: Johnson, Piper Sandler, Krispy Kreme, McDonald's, Omar Mejias, Wells, Steven Cahall, Ollie's, Gro —, Rosenblatt, Daniel Arias, — CNBC's Michelle Fox, Hakyung Kim, Yun Li, Sarah Min, Jesse Pound Organizations: Johnson, USA, Scotts Miracle, Gro, Fox Corporation, Seaport Research, Rosenblatt Securities, Western, Technologies, Stifel Locations: Wells Fargo
Citi raised its target price to $106 from $101, which amounts to about 25% upside from Thursday's $84.47 close. Ollie's stock has ticked down 6.2% in 2024. SoFi stock has been under pressure in 2024 with a nearly 27% pullback. —Brian Evans 6:07 a.m.: Pivotal Research Group raises Netflix price target to Wall Street high Pivotal Research Group expects Netflix to outperform estimates for subscriber growth and average revenue per user in 2024 and beyond. Netflix stock has surged about 27% in 2024.
Persons: McDonald's, Anthony Pettinari, Brian Evans, Ollie's, Anthony Chukumba, — Brian Evans, KBW, Keefe, Timothy Switzer, Jeffrey Wlodarczak, Piper Sandler, Krispy, Krispy Kreme, Piper, Brian Mullan, Mullan Organizations: CNBC, Netflix, Sofi Technologies, Citi, Capital, Holdings
New York CNN —Meta’s AI image generator is coming under fire for its apparent struggles to create images of couples or friends from different racial backgrounds. The same thing happened when prompted by CNN to create an image of an Asian woman with a White husband. This screen grab of an Imagine with Meta AI prompt shows an AI-generated image. Catherine Thorbecke/CNN via Imagine with Meta AIMeta released its AI image generator in December. Please try something else.”This screen grab of Imagine with Meta AI shows a message in response to a prompt.
Persons: Catherine Thorbecke, Meta, , OpenAI’s Dall Organizations: New, New York CNN, CNN, East, Meta, Google Locations: New York, America, White
Gladstone, a London-based equity hedge fund with $2 billion in assets, is set to expand. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAfter years of conservative growth and cautious maneuvering, $2 billion Gladstone could be set for a serious expansion. The British stock-picking hedge fund, founded in 2005 by former Lansdowne investor George Michelakis, believes it is on the "verge of significant AUM growth," a person close to the firm told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Gladstone, Marshall Wace, Daoud Zekrya, , Lansdowne, George Michelakis Organizations: Service, Gladstone, Business Locations: London
Following Thursday's trade, Jim Cramer's Charitable Trust will own 600 shares of BBY, increasing its weighting in the portfolio to 1.46% from 0.98%. BBY YTD mountain Best Buy YTD During our Monthly Meeting last week, we laid out the case as to why we think 2024 is the year that this consumer electronics retailer can finally move past its post-Covid hangover. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer's, Jim Cramer, Jim Organizations: BBY, CNBC
Analysts at the World Advertising Research Center forecast Snap's ad revenue will grow by 13.7% to $5.2 billion this year, up from a 0.1% increase in 2023. The biggest year-over-year growth is set to come from political and advocacy advertisers in the US, ahead of the November presidential election, WARC said. Beyond the political ad boost, Snap's expected return to double-digit revenue growth will be driven by the platform leaning on artificial intelligence for ad optimization, an improved content experience, and user growth, according to WARC. To be sure, with US political ad spend forecast to exceed $12 billion in 2024, according to Emarketer, Snap will be a drop in the ocean for most political advertisers. Traditional media still takes the lion's share of political ad dollars.
Persons: WARC, Snap's, Biden, Alexandria Ocasio, Alex Brownsell, Brownsell, That's, Liz Bennett, Bennett, Danielle Butterfield, Butterfield, TikTok doesn't, It's, Seat's Bennett, Jason Poinsette, Evan Spiegel Organizations: Advertising Research, Business, Republican National Committee, Google, ESPN, Meta, USA Locations: Alexandria, Texas, Los Angeles
Google just scored a big win in the AI talent war
  + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.
Persons: OpenAI's, Logan Kilpatrick, , OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI
What may calm your nerves is asking yourself a series of questions that challenge those disquieting thoughts’ legitimacy and perspective — this process is known as Socratic questioning. When you want to apply Socratic questioning to bothersome thoughts or beliefs, start by writing the thought down. Practice Socratic questions regularlyOther common Socratic questions can include the following, though some may be tailored to a patient’s experience:● Am I basing this thought on facts or feelings? The therapist resource site Therapist Aid has a free printout with 10 Socratic questions you can use to challenge irrational thoughts. “I’d encourage people trying to learn to re-evaluate their thoughts to experiment with different questions,” Strunk said.
Persons: Socrates, , Daniel R, James Overholser, you’re, Strunk, you’ll, ” Strunk, Sally, Jones, ” Overholser, , , Dennis Greenberger, Christine A Organizations: CNN, Ohio State University, Case Western Reserve University Locations: Cleveland
Post's price target increase is in line with his move on the GAAP price-to-earnings multiple to 22 from 21. — Alex Harring 6:39 a.m.: Melius moves to sidelines on Boeing Boeing has too many areas of concern, Melius Research warned. Analyst Robert Spingarn downgraded the plane maker to hold from buy and slashed his price target by $71 to $209. Analyst Filippo Falorni upgraded the cosmetics stock to buy from neutral and hiked his price target by $15 to $175. Analyst Brennan Hawken downgraded the investment asset manager to neutral from buy and cut his price target by $5 to $135.
Persons: Grinder, Justin Post, Meta, — Alex Harring, Eli Lilly, Andrew Baum, Baum, Novo, Robert Spingarn, Spingarn, LSEG, Alex Harring, Filippo Falorni, Falorni, Estee Lauder, Lauder, Tom Ford, Le, Blackstone, Brennan Hawken, Hawken, JMP, Nicholas Jones, Jones, Grindr, Christopher Dendrinos, Dendrinos, — Fred Imbert Organizations: CNBC, RBC, GE, of America, Citi, Indianapolis, Boeing Boeing, Melius, Boeing, Dow Jones, Coca, Cola, Beverage, Travel, UBS, GE Vernova, New York Stock Exchange Locations: Monday's, Asia Pacific, Asia
Market strategist Matt Orton sees promise in small-cap stocks this year, naming four under-the-radar companies he is bullish on right now. Year-to-date, the Russell 2000 , the benchmark for small-cap stocks, has been up nearly 5.2% despite having a tough start to 2024. Small-cap players in the U.S. stand out as "very, very attractive" right now, he said, naming Vertiv Holdings and CyberArk as two companies on his radar. The market strategist remains confident on the stock, noting that "just because it is up, doesn't mean you don't want to own it." CyberArk The market strategist also has his eye on the cybersecurity space.
Persons: Matt Orton, Orton, Raymond James, CNBC's, Russell Organizations: Raymond James Investment Management, Vertiv Holdings, Vertiv Holdings Vertiv Holdings Locations: 2H24, U.S
AdvertisementNo Labels, the outside organization aiming to field a centrist third-party presidential ticket, still can't find the main ingredient to its long shot challenge: an actual candidate. JOSEPH PREZIOSO/AFP via Getty ImagesNo Labels does not have to disclose its donors, but previously reported that it raised $60 million last year to support its effort. The outside group is currently funding an expansive ballot access effort, which is necessary since, unlike Biden and Trump and, to some extent, more established third parties, such access isn't automatically assured. No Labels is behind its previously stated timetable of being on the ballot in 27 states by the end of 2023. AdvertisementRobert F. Kennedy Jr. abandoned his long shot Democratic primary challenge to Biden before pinning his aspirations on a third-party bid.
Persons: Chris Christie, , Sen, Joe Manchin, Larry Hogan, Gov, Geoff Duncan, I've, Liz Cheney, Donald Trump, Nikki Haley, Christie, Tulsi Gabbard, Andrew Cuomo, Nancy Jacobson, William H, McRaven, State Condoleezza Rice, Will Hurd, JOSEPH PREZIOSO, Robert F, Kennedy Jr, Biden, Kennedy, Nicole Shanahan, Cornel West, Akon, Enimem Organizations: New Jersey Gov, Service, Former New Jersey Gov, Washington Post, West, West Virginia Democrat, Maryland Gov, Republican, Senate, House, Former UN, Politico, Democratic, Former New York Gov, The New York Times, Times, State, Getty, Biden, Trump, CBS, Liberal, Libertarian Party, Green Party Locations: West Virginia, Georgia, Will Hurd of Texas, AFP, Wisconsin, Arizona, Nevada, California
Shin Joon Hwan, an ecologist, walked along a road lined with cherry trees on the verge of blooming last week, examining the fine hairs around their dark red buds. The flowers in Gyeongju, South Korea, an ancient capital, belong to a common Japanese variety called the Yoshino, or Tokyo cherry. Mr. Shin’s advocacy group wants to replace those trees with a kind that it insists is native to South Korea, called the king cherry. “These are Japanese trees that are growing here, in the land of our ancestors,” said Mr. Shin, 67, a former director of South Korea’s national arboretum.
Persons: Shin Joon Hwan, , Shin Locations: Gyeongju, South Korea, Tokyo
The 48-meter (158 feet) Garisenda tower was built in the 12th century, during a boom period of the northern city’s history, but two centuries later it had already begun to tilt. Today, it leans at an angle of four degrees, just a little more than the Pisa tower’s current 3.9-degree slant. A rendering showing how the equipment from the Tower of Pisa will be used on the Garisenda tower. Michele Lapini/Getty ImagesWhile less well known than its counterpart at Pisa, the Torre Garisenda has long been a tourist attraction in Bologna. Today the bell tower is a stable monument mainly thanks to those steel pylons which will hopefully give the Garisenda tower a second life.
Persons: CNN — It’s, Matteo Lepore, ” Lepore, Lepori, Michele Lapini, Torre Garisenda, Dante Aligher’s, Asinelli Organizations: CNN, Torre, Pisa tower’s, Bologna Bologna’s, , UNESCO Locations: Bologna, Pisa, Garisenda
That’s a sharp contrast to Biden, who this week wrapped up his post State of the Union tour in North Carolina. The state was in Trump’s column in 2020 and 2016, but Democrats think they can seriously put it back in play. Trump was back in his former home state on Thursday, attending a wake for a fallen police officer on Long Island. It’s too early to say whether unseen work that the Trump campaign is doing to build organizations in key states is paving the way for a successful run back to the Oval Office. Biden tries to build on State of the Union performanceUnlike Trump, Biden has been campaigning in a way that leaves no doubt about the stakes of the coming election.
Persons: Donald Trump, , Joe Biden, That’s, Biden, Bill Clinton, Barack Obama, ” Biden, Roe, Wade, Trump, , It’s, There’s, Nikki Haley, Jonathan Diller, Juan Merchan, Letitia James, can’t, MAGA, Kamala Harris, White, – Biden, , Donald, Democrats –, Clinton, Obama, CNN’s MJ Lee, Donald Judd Organizations: CNN, America, Union, Trump, Republican, South Carolina Gov, Republican National Committee, RNC, Washington, Democratic, New York, Nasdaq, Intel, Democrats, Radio City Music, Israel, Hamas, Arab Locations: New York, Trump’s, North Carolina, Long, Michigan, , Arizona, Raleigh, Biden’s, Gaza
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg really, really likes Nvidia CEO Jensen Huang. Advertisement"He's like Taylor Swift, but for tech," Zuckerberg wrote in an Instagram comment reply on Tuesday. The relentless race toward AI domination by companies like Meta has also placed Huang's Nvidia in an enviable position. Representatives for Nvidia declined to comment on Zuckerberg's remarks on Huang when approached by BI.
Persons: , Mark Zuckerberg, Jensen Huang, Zuckerberg, Huang, Taylor Swift, Huang's, Swift, Huang isn't, Zuckerberg's, Meta Organizations: Service, Business, Nvidia's GPU Technology, Nvidia, Meta, BI
We are initiating a position in Best Buy, buying 400 shares at $82.30 each. Consumer electronics historically needed to be upgraded and replaced every three to seven years, meaning many of the products that were purchased in the Covid era will need to be replaced soon. They point out that Best Buy is one of the last broad-line and hard-line retail stocks in its coverage that experienced a Covid pull-forward that hasn't returned to its historical valuation. Lastly, Best Buy sports an attractive dividend yield of about 4.65%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, Bose, hasn't, Jim Cramer, Jim Organizations: Consumer, Management, Microsoft, Electronics, Telsey Advisory, JPMorgan, Federal Reserve, CNBC Locations: Vegas
Mark Zuckerberg seems to be a huge fan of chip giant Nvidia and its CEO, Jensen Huang. AdvertisementMeta and Nvidia CEOs Mark Zuckerberg and Jensen Huang just gave us a Big Tech fashion crossover for the books. AdvertisementA meeting between Zuckerberg and Huang wouldn't be surprising considering Zuckerberg's ambitions to expand aggressively into the AI space. In an earnings call last year, Zuckerberg told investors that AI will be Meta's "biggest investment area in 2024 for engineering and compute resources." Advertisement"We have built up the capacity to do this at a scale that may be larger than any other individual company," Zuckerberg told The Verge.
Persons: Mark Zuckerberg, Jensen Huang, Huang, Zuckerberg, Meta, , he's, Ambani, Priscilla Chan, Alexander McQueen, Anant Ambani's Richard Mille, Huang wouldn't Organizations: Nvidia, Service, Big Tech, Meta Locations: Jersey, Asia
This technical indicator is known as a "golden cross," when a stock's 50-day moving average (DMA) crosses over its 200-day moving average. Investors view a golden cross as a bullish indicator of positive momentum continuing into the longer term. Two of the following three names in the S & P 500 about to form a golden cross pattern are oil companies. The other oil company close to forming a golden cross is Occidental Petroleum . Two-thirds of those covering the company rate it a hold, and the average price target implies upside potential of about 4%.
Organizations: Energy, Exxon Mobil, Exxon, Chevron, Occidental Petroleum, Occidental Locations: Guyana, Occidental
Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams. Davuluri's promotion comes a week after Microsoft said it was hiring former DeepMind co-founder Mustafa Suleyman as the head of a new organization called Microsoft AI. The Windows team will continue to work closely with the Microsoft AI team on AI, silicon, and experiences.The Web Experiences team will report into Mustafa in the new Microsoft AI organization. Mike Davidson continues to lead Design and will work with Pavan and team on how to realign Windows design. They will join the Microsoft AI leadership team along with Jordi, Mike, and Rukmini, all reporting to Mustafa.We are excited for this team to help Microsoft AI achieve its bold ambition to build world-class consumer AI products.
Persons: Pavan Davuluri, Panos Panay, DeepMind, Mustafa Suleyman, Mikhail Parakhin, Parakhin, Kevin Scott, Rajesh Jha, Davuluri, Read, Satya, Shilpa Ranganathan, Jeff Johnson, Mustafa, Jordi Ribas, Andrey Proskurin, Fatima Kardar, Nick Lee, Rukmini Iyer, Paul Viola, Weiqing, Mike Davidson, Pavan, Ali Akgun, Kya Sainsbury, Carter, Qi Zhang, Rajesh Sundaram's, Jordi, Mike, Rukmini Organizations: Microsoft, Windows, Bing, WWE
Bing chief Mikhail Parakhin is leaving the role and will report to Microsoft's CTO in the meantime. The reorganization comes days after Satya Nadella tapped Mustafa Suleyman to lead its AI efforts. Days after Satya Nadella announced he was bringing Inflection AI's cofounder Mustafa Suleyman into the mix as its EVP and CEO of Microsoft AI, Mikhail Parakhin has "decided to explore new roles." Related storiesParakhin, who led the company's Bing search engine and advertising businesses, will report to Microsoft CTO Kevin Scott. AdvertisementMicrosoft has built AI into its Bing search engine and created other AI tools for Windows and Office under the Copilot brand over the last year.
Persons: Bing, Mikhail Parakhin, Parakhin, Satya Nadella, Mustafa Suleyman, , Kevin Scott, Pavan, Rajesh Jha, Microsoft's, Satya, Nadella, Suleyman, Karén Simonyan, Simonyan, Nadella's, Microsoft didn't Organizations: Service, Microsoft, Google, Windows, Bloomberg
Those alternatives will still be shared, American officials said, including in talks early this week between top Biden advisers and Israel’s defense minister. Hours after the delegation was canceled, Israeli minister Gideon Sa’ar submitted his resignation from the current government after not being included in the war cabinet. That led American officials to view Netanyahu’s statements Monday that the US had changed its position as peculiar and strange, the official said. Indeed, Biden’s advisers have been weighing various options for how to respond should the Rafah operation proceed. “We have no way to defeat Hamas without entering Rafah,” Netanyahu said after meetings at the end of last week with US Secretary of State Antony Blinken.
Persons: Benjamin Netanyahu’s, Joe Biden, Netanyahu, Biden, Gideon Sa’ar, Donald Trump, , hadn’t, Biden’s, Israel, , Ramadan, “ I’ve, I’ve, Kamala Harris, Harris, , ” Biden, “ We’ll, ” Netanyahu, Antony Blinken, ” Blinken Organizations: Washington CNN, Israeli, United Nations Security, United Nations Security Council, UN, White, ABC, Democratic, Netanyahu Biden Locations: Washington, Gaza, Rafah, Israel, United States, American, Egypt
And perhaps best of all, money — from selling the electricity generated by the wind turbines studding the flat green fields stretching out to the North Sea. A slice of the cash goes to the villagers themselves, with the local buy-in making this windy farming enclave near the border with Denmark a showcase for ways to push ahead with renewable energy projects. The S&P Global Clean Energy Index of shares in companies with clean energy-related businesses has fallen 26% over the past year, even as broader market indexes have surged to records. In sub-Saharan Africa, where half the population lacks access to electricity, renewable projects face even steeper challenges with financing. In Nigeria, where blackouts are an everyday event for about half of the country’s 213 million people, some 14 solar projects have stalled because the finances don’t add up.
Persons: , Astrid Nissen, moos, , Mackenzie, it's, Nissen, Christian Andresen, Andresen, Orsted, Vattenfall, David Shepheard, Edu Okeke, Taiwo Organizations: U.S . Federal Reserve, European Central Bank, University College London, Solar, Energie Andresen GmbH, Energy, logjams, World Bank Locations: SPRAKEBUELL, Germany, Denmark, village's, Spain, Italy, Africa, Flensburg, Sprakebuell's, German, Danish, New Jersey, Swedish, North American, Saharan Africa, Nigeria, Katsina, Abuja
Cat Jones eagerly left the family home at 17 and later bought a house 230 miles away with her husband. After having a baby and leaving her husband, she was determined to make things work living on her own. Fiercely independent and proud, I was determined to make things work on my own. Farm life is notoriously stressful and persistent. I have become closer with everyone in my family, and we're showing my daughter how to cohabit peacefully.
Persons: Cat Jones, , Cassie, Cassie didn't, Jones, it's, hadn't, grandma Cat Jones, It's, I'm Organizations: Service, Pew Research Center, Survey Locations: Tauranga —, New Zealand
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