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☆ RBC's list of stock winners and losers looking to enter the GenAI space
▼ + stars: | 2023-08-15 | 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 EmailRBC's list of stock winners and losers looking to enter the GenAI spaceRishi Jaluri, Software Managing Director at RBC Capital Markets, lays out the key stocks he believes will benefit from AI.

Organizations: Software, RBC Capital Markets

☆ Leaked document reveals 'Maverick,' a new Amazon AI security initiative led by Uber's former CISO
▼ + stars: | 2023-08-15 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

The goal is to build automation tools for AI security and foster partnerships across the company. "In Q2 2023, Amazon Security created the Maverick program to ensure LLM based experiences uphold our high security standards to protect customer data and trust. The Amazon Web Services cloud unit also created an independent team focused on helping customers use generative AI, Insider previously reported . The new Maverick initiative wants to "understand GenAI risks" to Amazon and create "centralized GenAI security testing tools," according to the internal document. The second involves partnering with security teams to "create GenAI security guidance and add specific tasks to existing security mechanisms," the document added.

Persons: John, Flynn, Uber's CISO, Adam Montgomery, Maverick, Andy Jassy, LLMs, Jassy Organizations: Amazon, Amazon Security, Excellence, Amazon's, Microsoft, Google, Services, AWS

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Cinemark, Nvidia, Meta, Berkshire Hathaway & more
▼ + stars: | 2023-08-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating after Apple's quarterly 10-Q report. Morgan Stanley upgrades Laureate to overweight from equal weight Morgan Stanley said the education company is a beneficiary of nearshoring. Morgan Stanley reiterates Palo Alto Networks as overweight Morgan Stanley said the company has a "differentiated" and "disruptive" platform. " UBS reiterates Berkshire Hathaway as buy UBS said it's standing by its buy rating on shares of Berkshire after its earnings report Saturday. Morgan Stanley reiterates Cinemark as overweight Morgan Stanley said it's standing by its overweight rating on Cinemark as the success of "Barbie" and "Oppenheimer" has "squashed" the theatrical bear case.

Persons: Morgan Stanley, Apple, DA Davidson, Andy Jassy, Wells, Holley, it's, Raymond James, Charles Schwab, Schwab, EchoStar, Guggenheim, Berkshire Hathaway, Cinemark, Oppenheimer, Truist, Piper Sandler, Piper, MNST, Wright Organizations: UBS, Meta, Facebook, Bank of America, Nvidia, U.S ., Networks, Alto Networks, United Airlines, Berkshire, Comcast, CNBC, Monster Beverage Locations: WhatsApp, nearshoring, United, Berkshire, NBCUniversal

☆ These stocks reporting earnings next week have historically exceeded expectations and rallied as a result
▼ + stars: | 2023-08-04 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

About four out of every five of those stocks that have already reported have exceeded Wall Street's expectations. CNBC Pro used FactSet data to screen for companies reporting next week that have historically beat Wall Street expectations at least 70% of the time. Entertainment company Lionsgate has beaten expectations for earnings and sales 70% and 63% of past quarters, respectively. Shares have popped an average 3.9% in the sessions directly following its past earnings reports. The average analyst surveyed by Refinitiv sees that ascent continuing, with nearly 50% upside expected over the next year.

Persons: Tyler Radke, Armour, Refinitiv, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC, Citi, Entertainment, Lionsgate, Mattel

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Gap, Target, PayPal, Coinbase & more
▼ + stars: | 2023-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said in its annual ask the interns survey that Tesla favorability fell. " Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's bullish heading into PayPal earnings on Wednesday. " Oppenheimer reiterates Target as outperform Oppenheimer said investors should buy the dip ahead of Target earnings later this month. Bank of America reiterates DraftKings as buy Bank of America is bullish heading into earnings later this week. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating, but that the company needs an electric vehicle strategy change soon.

Persons: Baird, it's, Cantor Fitzgerald downgrades Rivian, Cantor, Morgan Stanley, Tesla, Read, RMD, PYPL, Oppenheimer, Canaccord, Estee Lauder, DraftKings, DoorDash, comps, Bernstein, Goldman Sachs, Goldman, Ford Organizations: Apple, Mercedes, Barclays, 2H23, RBC, PayPal, Citi, EL, Amazon, Bank of America, Anheuser, Busch InBev, Goldman, Meta Locations: US

☆ Dell expands 'Project Helix' with Nvidia to provide generative AI solutions
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: 1 min

[1/2] The Dell logo is seen on an item for sale in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew KellyJuly 31 (Reuters) - Dell Technologies (DELL.N) on Monday launched new generative artificial intelligence (GenAI) solutions in collaboration with Nvidia (NVDA.O) whose chips enable the technology behind OpenAI's ChatGPT. The tools will help businesses to build GenAI models and are an expansion of Dell's Project Helix, which was launched in May. Reporting by Jaspreet Singh in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, OpenAI's, Jaspreet Singh, Shweta Agarwal Organizations: REUTERS, Dell Technologies, Monday, Nvidia, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Morgan Stanley upgrades Adobe, cites A.I. acceleration
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley thinks Adobe can benefit from artificial intelligence-powered products even more. The bank upgraded Adobe to overweight from equal weight on Monday and hiked its price target to $660 per share from $510. Morgan Stanley's new forecast now implies nearly 25% upside. "Importantly, GenAI products like Firefly coupled with enhancements to flagship applications renew our confidence in a robust product innovation engine at Adobe," Weiss said. Weiss also pointed to the popular Adobe Creative Cloud, which could push the company's earnings-per-share compounded annual growth rate to toward 17% from 2022 to 2025.

Persons: Morgan Stanley, Adobe, Morgan Stanley's, Keith Weiss, Weiss, — CNBC's Michael Bloom Organizations: Adobe

☆ Top Wall Street analysts see solid potential in these five stocks
▼ + stars: | 2023-07-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Bachman reiterated a buy rating on Salesforce and raised his price target to $255 from $245. DellPersonal computer makers, including Dell (DELL), have been facing significant headwinds, as the demand for desktops and laptops plunged following a pandemic-driven rush. Ho raised the price target on DELL to $60 from $48 and reiterated a buy rating. In line with his bullish stance, Rakesh increased his price target for RIVN to $30 from $27 and maintained a buy rating. Rakesh raised his price target for MBLY to $48 from $43 and reiterated a buy rating on the stock.

Persons: Mike Blake, Keith Bachman, Salesforce, Bachman, Sidney Ho, Ho, Rivian, Vijay Rakesh, Rakesh, Mobileye, bode Organizations: Reuters, BMO Capital, Service, Dell, Deutsche Bank, Solutions, Gartner, DELL, Mobileye, EV, Geely Automobile, Porsche, Volkswagen Locations: San Diego , U.S, 2H23E, Israel

☆ Llama copyright drama: Meta stops disclosing what data it uses to train the company's giant AI models
▼ + stars: | 2023-07-18 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

The company didn't disclose what training data was used to train Llama 2. The AI industry typically shares many details of AI training data sets. One way to avoid the issue is to just not tell anyone what data you used to train your AI model. Until now, the AI industry has been open about the training data used for models. That last data set made up more than two-thirds of the information Meta used to train LLaMA.

Persons: Meta, Rupert Murdoch, Sarah Silverman's, OpenAI, Halimah DeLaine Prado, Meta's, Sharon Zhou Organizations: Publishers, Wall Street Journal, Big Tech, Microsoft, SEC, European Union, Google, Meta Locations: EU

☆ Citi shares its top A.I. picks in software, including two names 'unfairly categorized' as losers
▼ + stars: | 2023-07-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Citi is sharing its top software names to play the booming artificial intelligence market, including two companies it views as "unfairly categorized" as losers. Alteryx shares are down more than 16% this year, while Nice has gained nearly 9%. Radke also said that strong momentum from expanded software and a growing product portfolio should offset fears that AI may hinder Alteryx. Recent analyst day announcements also highlighted ways the company is using AI and machine learning within its data analytics cloud platform, he added. The firm's $70 price target on shares suggests more than 65% upside from Thursday's close, — CNBC's Michael Bloom contributed reporting

Persons: Tyler Radke, MongoDB, Radke, — CNBC's Michael Bloom Organizations: Citi, Nasdaq, Nice Locations: Covid, Israel

☆ 'Undeniably vast' opportunity: Bank of America names generative A.I. global 'winners'
▼ + stars: | 2023-07-14 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Bank of America has dubbed global companies exposed to the demand for generative artificial intelligence solutions as "winners," picking stocks across the software and IT services sectors. It described the AI opportunity within the software industry as "undeniably vast" in a research note dated 12 July, and ranked European companies in the sector. "Huge quantities of data about a company's operations are held within a company's ERP system which makes the software vital in any generative AI integration," BofA's analysts stated. "We see gen AI as an opportunity for the Software industry to derive both potential revenue uplift via enhanced value proposition and data monetization, alongside productivity improvements," the bank said. BofA also looked at the effect of generative AI on the IT services industry and said implications "are the most polarised," noting concerns over drops in sales due to tasks being automated.

Persons: BofA, Frederic Boulan, — CNBC's Michael Bloom Organizations: of America, Dassault Systemes, SAP, Software, IT, International Data Corporation Locations: French, German

☆ Morgan Stanley: These 37 stocks are the emerging leaders of the global AI arms race, and will see double the profit growth of the broader market over the next 3 years
▼ + stars: | 2023-07-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

A July 6 report from Morgan Stanley lists the leading companies set to benefit from GenAI. According to the report, the total addressable market for AI technology is expected to triple from $90 billion to $275 billion in the next four years. This will result in continued sales and earnings growth within the industry over the next five to 10 years, which will directly benefit the AI leaders Morgan Stanley identified. Below are the 37 leading names that provide AI technology in various sectors. Each stock includes its category, Morgan Stanley's price targets displayed in local currencies, and whether it has an overweight or underweight rating from Morgan Stanley analysts.

Persons: Morgan Stanley, Goldman Sachs, Morgan, Shawn Kim, Kim, they're Organizations: Nvidia, Microsoft

☆ CEO says these 3 A.I. tools can make you more efficient at work: They're going to be 'truly disruptive'
▼ + stars: | 2023-07-07 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

The internet is rife with conversations about the release of generative artificial intelligence tools like ChatGPT and what changes they could ultimately lead to in the job market. Meanwhile, early adopters of these AI tools are finding them to be a big help when it comes to day-to-day tasks. Jacqueline DeStefano-Tangorra, CEO and founder of boutique consulting firm Omni Business Intelligence Solutions, started experimenting with ChatGPT as a way to analyze her poetry. She learned how to tailor prompts and started figuring out ways to adopt it and other AI tools to make her more efficient at work. Here are three generative AI tools DeStefano-Tangorra would recommend trying for various administrative tasks.

Persons: Goldman Sachs, Jacqueline DeStefano, DeStefano, Tangorra, ChatGPT, . DeStefano Organizations: Omni Business Intelligence Solutions, Google, Microsoft

☆ Consumers and marketers see a role for (responsible) generative AI in customer experiences
▼ + stars: | 2023-07-05 | by ( Sponsor Post | Created Adobe With Insider Studios | ) www.businessinsider.com time to read: +6 min

A majority (57%) of all surveyed consumers believe generative AI will enhance their personal creativity, and the number rises as consumers get younger: 75% of Gen Z consumers say generative AI will make them more creative. And when it comes to their experiences with brands, 72% of global consumers say generative AI will improve their customer experiences, with eight out of ten millennial (80%) and Gen Z (83%) consumers expressing similar optimism. Consumers want companies to use generative AI to improve experiences – responsiblyWhen it comes to the most important things companies should do when using new generative AI technologies, consumers ranked responsibility #1, with 34% prioritizing actions like having guardrails in place to encourage responsible use. Generative AI will help boost efficiency and make customer experiences more personal. Learn more about Adobe's differentiated approach to generative AI – including next-generation customer experiences enhanced by Adobe Sensei GenAI, and our creative co-pilot Adobe Firefly.

Persons: Anil Kamath, there's, Adobe, they've, —, Adobe Sensei GenAI Organizations: Adobe, CAI, CX, Insider Studios Locations: United States, United Kingdom, Denmark, Netherlands, Sweden, Germany, France, Australia, New Zealand, Japan, India, Singapore, Thailand, Malaysia

☆ Here are Monday's biggest analyst calls: Meta, Tesla, Disney, Amazon, Boeing, Walmart, Uber & more
▼ + stars: | 2023-06-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bank of America upgrades Alliant to buy from neutral Bank of America said shares of the Wisconsin and Iowa energy company are attractive. UBS upgrades Moderna to buy from neutral UBS said the biotech company's pipeline is underappreciated. UBS downgrades Alphabet to neutral from buy UBS said it sees "near-term monetization risk" for the tech giant. Bank of America reiterates Paramount Global as buy Bank of America said the media company is "unique." Loop reiterates Disney as buy Loop said it's standing by its buy rating on the entertainment and parks giant.

Persons: LNT, Goldman Sachs downgrades Tesla, Goldman, Morgan Stanley, TD Cowen, Coinbase, underperform TD Cowen, Wells, Brinker, Williams, Tesla, Bernstein, Uber, Davidson, Roth, Roth MKM, Piper Sandler, Lululemon, Piper, LULU Organizations: Bank of America, of America, UBS, Moderna, Walmart, Amazon Prime, BTC, BMO, Sherwin, Deutsche Bank, Deutsche, Citi, Boeing, WSFS Financial Corporation, Networks, TAM, Meta, Paramount Global, Brunswick Locations: Wisconsin, Iowa, China

☆ Analysts see A.I. as a double-edged sword for 3 big tech stocks. We're more optimistic
▼ + stars: | 2023-06-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Alphabet The news: Analysts at UBS lowered their rating on Alphabet to neutral from buy but increased their price target to $132 per share from $123. Analysts expect the company's use of generative AI to be the "next leg to shares," and its use of AI tools should help the company "be viewed as an AI winner." Though Meta shares fell 3.5% to $278 each Monday. Reacceleration of revenue growth at Amazon's cloud unit, Amazon Web Services (AWS) into the fourth quarter of this year, should be a catalyst for the stock, analysts said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Eric Schmidt, Jim, We're, Meta, Mark Zuckerberg, there's, Zuckerberg, Roth, Jim Cramer's, Jim Cramer, Sebastien Bozon Organizations: CNBC, Nasdaq, UBS, Google, Club, Microsoft, Facebook, Meta, Apple, Amazon Web Services, AFP, Getty Locations: Mulhouse

☆ UBS downgrades Google-parent Alphabet, cites stiffer competition and generative A.I. headwinds
▼ + stars: | 2023-06-26 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The bank downgraded the tech giant to neutral from buy, albeit with a higher $132 per share price target compared to the previous $123 forecast. UBS' new price target implies roughly 8% upside for Alphabet stock compared to its $122.34 close on Friday. GOOGL YTD mountain Alphabet stock has added nearly 40% from January. UBS analyst Lloyd Walmsley noted he finds difficulty forecasting more upside for Alphabet, noting revenue headwinds remain in the near-term from new search competition. Walmsley highlighted three risks stemming from generative AI over the medium-term: stiffer competition, pressure to margins and hiccups in monetizing the technology.

Persons: Lloyd Walmsley, Walmsley, GOOG, — CNBC's Michael Bloom Organizations: UBS, Google

☆ Teleperformance signs $185 million deal with Microsoft to launch GenAI tool
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

June 20 (Reuters) - France's Teleperformance (TEPRF.PA) signed a $185 million deal with Microsoft (MSFT.O) to launch its proprietary TP GenAI, the outsourcing group said on Tuesday, ahead of its artificial intelligence investor day. Teleperformance SE will host on Wednesday a virtual meeting with its AI experts to let investors peek behind the curtains of its efforts in the AI race. Teleperformance, which employs 410,000 staff in 170 countries, hosts conference calls, maintains pay and salary accounts, and provides automated translations to clients. Teleperformance said at the time that it predicts that 20% to 30% of its processes will be automated within the next three years. ($1 = 0.9163 euro)Reporting by Alessandro Parodi and Victor Goury-Laffont; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Teleperformance, Bhupender Singh, Alessandro Parodi, Victor Goury, Jonathan Oatis Organizations: Microsoft, Thomson

☆ Samsung among companies starting to draft ChatGPT policies for workers
▼ + stars: | 2023-06-13 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

In May, Samsung banned the use of generative AI tools after the company discovered an employee uploaded sensitive code to ChatGPT. This legal mindset persists, which is one of the reasons Ironclad moved forward with generative AI policy so swiftly. Singh said, "It truly needs to be a multi-stakeholder dialogue," including teams from policy, AI, risk and compliance and legal. Creating a generative AI policy is also a good opportunity for companies to scrutinize all of their technology policies, including implementation, change management, and long-term usage. It can also include using generative AI tools as foundational content for work due to the fact it creates inherent bias.

Persons: Jakub Porzycki, Jason Boehmig, Boehmig, Navrina Singh, Singh, Vince Lynch, Lynch, it's Organizations: Samsung, Nurphoto, Getty, Companies, National AI Advisory, Intelligence, National Institute of Standards, Technology, European Union

Wolfe Research thinks software company Oracle has a strong growth story thanks to the generative AI boom. The analyst said Oracle has created a significant second mover "architectural and cost advantage" around its second-generation Oracle Cloud Infrastructure — which its competitors are unable to match. Notably, Oracle's cloud software has spare GPU, or graphics processing unit, capacity. GPUs are necessary to process AI functions and have seen a surge in demand as more companies engage in AI. Growth has also been strong over a 12-month period, with shares gaining more than 63%.

Persons: Wolfe, Alex Zukin, Zukin, CY25, Oracle, Michael Bloom Organizations: Wolfe Research, Oracle, Oracle Cloud Infrastructure, Infrastructure Locations: GenAI

☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
▼ + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.

☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Amazon, DraftKings, Nike, Snowflake & more
▼ + stars: | 2023-05-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Piper Sandler names Microsoft, Snowflake and Oracle top AI picks Piper said that Microsoft, Snowflake and Oracle are the next "all-stars" in AI. Citi adds a negative catalyst watch on Nike Citi said Foot Locker's negative earnings report last week does not portend well for Nike. Citi downgrades Foot Locker to neutral from buy Citi downgraded Foot Locker after its disappointing earnings report last week and says shares are not fully de-risked. Deutsche Bank reiterates Snowflake as buy Deutsche says it's "constructive" heading into Snowflake earnings on Wednesday. Bank of America reiterates Alphabet as buy Bank of America says the internet search giant is "well positioned for mobile."

☆ Meta just secured a patent for AI generated ads, which could give the company a needed boost
▼ + stars: | 2023-05-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

CEO Mark Zuckerberg said earlier this year he wanted to "turbocharge" Meta's generative AI work. Meta is pushing forward with generative AI projects aimed at bolstering its still-recovering advertising business. What's described in Meta's new patent is the alteration and creation of new or "enhanced" ad content through the use of generative AI. In February, Zuckerberg said he was creating "a new top-level product group" at the company to "turbocharge" work in genAI. Instead, an advertiser will have the option to "ask the AI, 'Make images for my company that work for different audiences,'" Bosworth said.

☆ Inside the self-proclaimed first generative AI conference, executives explain why the hot new technology behind ChatGPT is 'not just hype, but something real'
▼ + stars: | 2023-02-18 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +7 min

AI startup Jasper hosted what it claims was the first conference dedicated to generative AI. The mood was reminiscent of the hype around crypto, but attendees say generative AI is here to stay. Thomas Maxwell/InsiderInsiders say generative AI is not just a fadGenerative AI has already run into some road bumps. Anthropic's Amodei said that consumers, businesses, and developers alike are moving at "record speeds" to adopt generative AI. Thomas Maxwell/InsiderWhat's different with generative AI is that large language models have been quietly in development for some time, , executives said.

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