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Eli Lilly has jumped almost 27%, building on its 59% gain in 2023. The long-term outlooks for Nvidia and Eli Lilly — both longtime Club holdings — brightened in recent weeks, leading to additional gains for the stocks. This leaves Club members who own Nvidia, Eli Lilly, or both, wondering how to proceed with their investments. Right now, we feel good about the timing of our most recent sales in Nvidia and Eli Lilly. Eli Lilly's stock is currently up about 24% from our Sept. 12 sale level, based on Thursday's close.
Persons: Eli Lily, Eli Lilly, Eli Lilly —, Eli Lilly's, Zepbound, Lilly's, Jim Cramer, Jim, There's, they're, Colette Kress, Goldman Sachs, FactSet, Lilly, Novo, Nordisk's Wegovy, tirzepatide, Jim Cramer's Organizations: Nvidia, Club, Apple, Microsoft, Web Services, Nordisk's, CNBC, Reuters Locations: Wall
Jefferies initiates Sprout Social as buy Jefferies said the social media software provider is a market leader. Morgan Stanley names Huntington Bancshares a top pick Morgan Stanley said it likes the regional bank's low exposure to commercial real estate. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on Nvidia to $750 per share from $603. Morgan Stanley downgrades Aptiv to underweight from equal weight Morgan Stanley said it sees slowing growth for the automotic tech company. Jefferies initiates ZoomInfo as buy Jefferies initiates the software data company with a buy and says it sees new customer growth.
Persons: Redburn, Key, it's, Gordon, Gordon Haskett, Jefferies, Steven Madden, Morgan Stanley, Huntington, Morgan Stanley downgrades Aptiv, Piper Sandler, Piper, Davidson, Goldman Sachs, Goldman, DA Davidson, it's bullish, Oppenheimer Organizations: Services, Bank of America, Google, Leerink, SPT, Citi, JPMorgan downgrades New York Community Bancorp, JPMorgan, Jefferies, Nvidia, Crown Holdings, Holdings, Civitas Resources, Corp, Vans, VF Corp, Bank of America downgrades, York Community Bancorp, New, Apple, Apple's Locations: F24E, New York
Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.
Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles
CNBC Daily Open: More mega tech earnings in spotlight
  + stars: | 2024-02-02 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
The share price of Facebook stock is seen at the Nasdaq stock market in New York. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ralliesWall Street closed on a positive note Thursday. He added cutting back spending plans for electric vehicles could actually help Ford to impress Wall Street investors.
Persons: Meta, Ford, Morgan, Adam Jonas Organizations: Nasdaq, CNBC, Federal Reserve, Dow, Meta, Apple, Amazon Web Services, Ford, U.S, automakers, Wall Locations: New York, China
Some of Amazon's spending is likely to go toward its custom AI chips, known as Trainium and Inferentia. But the Seattle-based tech giant also buys Nvidia chips. On Thursday's post-earnings call, CEO Andy Jassy said AWS offers the "most expansive collection of compute instances with Nvidia chips." Alphabet's spending on AI chips has typically been split between its custom chips designed in partnership with Broadcom, known as Tensor Processing Units (TPUs), and Nvidia's offerings. Including networking products that stitch together parts of the data center, about 15% of Broadcom's semiconductor revenue was tied to generative AI spending in fiscal 2023.
Persons: Eaton, Brian Olsavsky, FactSet, Amazon's capex, Andy Jassy, Meta's capex, Susan Li, Li, Mark Zuckerberg, Zuckerberg, Meta, it's, , Amy Hood, It's, chatbot ChatGPT, AMD's, Ruth Porat, Porat, Jim Cramer's, Jim Cramer, Jim, Florian Gaertner Organizations: Big Tech, Nvidia, Broadcom, Eaton, Microsoft, Meta, Google, Web Services, Facebook, Devices, OpenAI, supercomputing, TPUs, CNBC, YouTube, Photothek, Getty Locations: Eaton, Seattle
Amazon Web Services CEO Adam Selipsky speaks at the CERAWeek by S&P Global conference in Houston, Texas, on March 7, 2023. Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts' projections. The company pointed to growing traction in cloud services for artificial intelligence. Revenue from Azure and other cloud services at Microsoft rose 30%, and Alphabet's Google Cloud revenue, which includes Google Workspace productivity software subscriptions, increased about 26%. The Amazon cloud group turned over $7.17 billion in operating income.
Persons: Adam Selipsky, Amazon, StreetAccount, Brian Olsavsky, Jensen Huang, Huang, Mark Mahaney Organizations: Amazon Web, P Global, AWS, Microsoft, Google, Nvidia, Accor, Mitsubishi UFJ Financial Locations: Houston , Texas, Las Vegas, Accor S.A
Amazon is slated to report fourth-quarter earnings Thursday after the closing bell. In January, Amazon said it would let go of employees across units including Prime Video, MGM Studios, Twitch, Audible and Buy with Prime. In November, Amazon launched "Q," an AI chatbot for businesses, as well as new Trainium chips for AI applications. Discovery 's Max by introducing ads to Prime Video programming. Amazon will discuss the report on a conference call with analysts at 5:30 p.m.
Persons: Andy Jassy, Amazon, Evercore, Jassy's, Brian Olsavsky, Max Organizations: Web, Amazon, MGM Studios, Revenue, National Retail Federation, Netflix, Disney, Hulu, Warner Bros, Citi Locations: Ukraine
Would you look at the quarter Amazon just delivered. One of the main highlights came from its cloud unit, Amazon Web Services (AWS), where revenue growth finally accelerated. Better yet, management's comment about how it expects accelerating AWS revenue trends to continue through 2024 should keep the bulls happy. If the AWS revenue growth acceleration continues and the company continues its progress on expanding margins, the stock should get back there. Driving this accelerating revenue growth was an increase in larger new deals while the cost optimization headwind "continued to attenuate," the company said.
Persons: Amazon's, we're, Amazon, Jim Cramer's, Jim Cramer, Jim, Mike Segar Organizations: Amazon, Revenue, LSEG, Amazon Web Services, Microsoft, AWS, Management, Prime, Subscription Services, CNBC Locations: North America, Robbinsville , New Jersey
Amazon revenue climbs 14% during holiday quarter
  + stars: | 2024-02-01 | by ( Catherine | Thorbecke | ) edition.cnn.com   time to read: +2 min
New York CNN —Amazon saw a sharp jump in sales last quarter, driven by robust consumer spending during the holiday shopping season. The e-commerce leader on Thursday reported revenue of $170 billion for its quarter ending in December, beating Wall Street’s estimates. Amazon’s profits during this past holiday quarter also come as its business enters 2024 in much better shape than a year ago. This past quarter marked “a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon,” Jassy said in a statement Thursday accompanying the earnings. Amazon Web Services, a longtime money maker for the company, saw revenue climb 13% last quarter to $24.2 billion.
Persons: Wall, Andy Jassy, ” Jassy, Jassy, “ Rufus ”, Rufus Organizations: New, New York CNN, Amazon, Web Services, Locations: New York
There's an "AI Cloud" future that excites investors. So far, Microsoft is winning the "AI Cloud" future. There's the "AI Cloud" future, where Nvidia GPUs and large language models form the foundation of new generative AI services delivered and rented over the internet. Then there's the existing "Cloud 1.0" business, where CPUs and more traditional servers support apps, websites and other software services. Microsoft's Azure cloud business saw revenue grow 28% in its latest quarter (fiscal Q2, calendar Q4).
Persons: , Mark Schilsky, Schilsky, Goldman Sachs, Bernstein Organizations: AWS, Microsoft, Service, Nvidia, Amazon, Services, Bernstein Research Locations: OpenAI
Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. However, it wasn't enough to jump over the high expectations that come with a stock trading at all-time highs. Google Search sales in Q4, by far the largest contributor to overall revenue, gained 12.7% to a lower-than-expected $48.02 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Copilot, Ruth Porat, We're, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: LSEG, Wall Street, Google, Management, NFL, Microsoft, Google Network, Google Services, Web Services, CNBC, Washington, Santiago, Getty Locations: Hudson Square, New York City
Alphabet set to report fourth-quarter earnings after the bell
  + stars: | 2024-01-30 | by ( Ari Levy | ) www.cnbc.com   time to read: +4 min
Alphabet is scheduled to report fourth-quarter earnings Tuesday after the market closes. Revenue: $85.33 billion, according to LSEG. $85.33 billion, according to LSEG. $8.94 billion, according to StreetAccount. Between 2015 and the end of 2021, revenue growth reached at least 15% in all but three quarters.
Persons: Sundar Pichai, Pichai, — CNBC's Jennifer Elias Organizations: Allen, Co . Media, Technology Conference, Google, Microsoft, Meta, YouTube, Amazon Web Services, KeyBanc, Markets, Tech, Apple Locations: Sun Valley , Idaho
On Monday, Alphabet closed at a market capitalization of $1.91 trillion, less than $100 billion away from a $2 trillion market cap and trailing Microsoft and Apple with market capitalizations last at $3.03 trillion and $2.91 trillion, respectively. Beyond Alphabet Alphabet is close to entering the $2 trillion club, but other prominent mega-cap tech companies are making progress, too. Amazon's market cap finished Monday at $1.64 trillion. The managing partner also sees Meta Platforms as a future $2 trillion market cap candidate. The maker of sophisticated graphics processing units reached a $1 trillion market cap for the first time only in 2023, when it climbed almost 240%.
Persons: Paul Meeks, Meeks, Merrill Lynch, bode, Gene Munster, Dan Ives, Ives, they're, Deepwater's Munster, Wedbush's Ives, Jensen Organizations: Microsoft, Apple, Merrill, Merrill Lynch Investment, Deepwater Asset Management, Amazon Web Services, Munster, Nvidia Locations: U.S
JPMorgan upgrades Dollar Tree to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "self-help" story. Bernstein upgrades Hershey to outperform from market perform Bernstein said in its upgrade of the chocolate maker that market share trends are improving. " Goldman Sachs reiterates Nvidia & Micron as buys Goldman said it's standing by shares of Nvidia and Micron. Bank of America upgrades ZoomInfo to buy from neutral Bank of America said the software company is a "self-help" story. Bernstein reiterates Qualcomm as outperform Bernstein said it's bullish heading into Qualcomm earnings later this week.
Persons: Wells, Jefferies, it's, Evercore, Bernstein, Hershey, Goldman Sachs, Goldman, Raymond James, Sherwin, Williams, Morgan Stanley, William Blair, Morgan Stanley downgrades Brown, Forman Organizations: UBS, Amazon, Amazon Web Services, Citi, Air, Deutsche Bank, TFI, Deutsche, JPMorgan, Warner Brothers Discovery, Microsoft, Meta, YouTube, Nvidia, Micron, MU, Netflix, Barclays, Apple, Colgate, Palmolive, " Bank of America, of America, Beam Therapeutics, Bank of America, Builders, Devices, AMD, Qualcomm Locations: Norfolk Southern, Atlanta
What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.
Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska
Jeff Bezos built Amazon into a tech behemoth and "everything store" that's now worth $1.6 trillion. Jassy, Bezos' longtime deputy, took the company's reins after the Amazon founder stepped down in 2021. "There aren't too many other bigger thinkers than Jeff Bezos," Jassy said, adding: "He always had a way of getting teams to think bigger." Jassy nonetheless touted Bezos' approach for inspiring great work from employees that helped fuel Amazon's success. "[Bezos] had a way of having really high standards, and then having everybody really stretch and aspire to those standards."
Persons: Jeff Bezos, Andy Jassy, Fortune, Bezos, GeekWire, Jassy, Jeff, You've, it'll Organizations: Economic, Amazon, Pacific Science Center, Web Services Locations: Davos, Switzerland
A fresh batch of earnings are set to come out next week, ranging from Big Tech companies to major pharmaceutical names, and analysts think some names could post stand-out results. Roughly 19% of S & P 500 companies are set to report next week, including megacap names such as Apple, Microsoft and Amazon. Thus far, about 22% of companies have reported earnings for the fourth quarter, with nearly 74% of those names surpassing expectations, FactSet data shows. Nearly 20 analysts have revised their quarterly earnings estimates upward. Other companies that have earnings momentum heading into next week include Hartford Financial Services and A. O. Smith Corporation , both of which have received roughly 20 earnings estimate revisions in the past three months.
Persons: FactSet, Brent Thill, Thill, AMZN, Tal Liani Organizations: Big Tech, Apple, Microsoft, CNBC, Jefferies, Amazon, MGM Studios, Royal, Qualcomm, Bank of America, Hartford Financial Services, Smith Corporation Locations: Wednesday's
Alphabet shares climbed to a record on Thursday, joining Microsoft and Meta , which have continued to rally since reaching fresh all-time highs earlier this month. Shares of Alphabet rose 2.1% to close at $151.87. The rally comes ahead of quarterly earnings reports next week from the mega-cap tech companies. Alphabet shares jumped 58% last year and are now up 8.7% to start 2024. Microsoft leads Alphabet in the cloud-computing market, though it still trails Amazon Web Services.
Persons: Meta, Piper Sandler Organizations: Microsoft, Meta, Apple, Investors, Mizuho Securities, LSEG, Nvidia
We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.
Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, , Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California
Nonetheless, analysts remain focused on the bigger picture and are bullish on stocks that offer attractive long-term growth prospects. Investors can weigh the recommendations of Wall Street's top analysts as they pick out the best names to add to their portfolios. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The stock generated stellar returns last year due to the robust demand for the company's graphics processing units in generative AI. He thinks that the health-care business features among the top three verticals of the company's data center segment.
Persons: Wall, Brad Erickson, Erickson, TipRanks, Brian Pitz, Pitz, Harlan Sur, Kimberly Powell Organizations: RBC Capital, Web Services, BMO Capital, TAM, Nvidia, JPMorgan, Pharmaceuticals Locations: U.S, Europe, DoorDash's U.S, Sur
An US giant Amazon employee passes by its logo on the opening day of the new distribution center in Augny, eastern France, on September 23, 2021. (Photo by SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images)Amazon Web Services, or AWS, said on Friday it plans to invest 2.26 trillion yen ($15.24 billion) in Japan by 2027 to expand cloud computing infrastructure that serves as a backbone for artificial technology, or AI, services. The Amazon.com unit is spending to expand facilities in the metropolises of Tokyo and Osaka to meet growing customer demand, it said in a statement.
Persons: SEBASTIEN BOZON Organizations: Amazon, Getty, Web Services Locations: Augny, France, AFP, Japan, Tokyo, Osaka
Amazon names logistics head as new AWS CFO
  + stars: | 2024-01-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +1 min
Amazon said Thursday John Felton, the company's top logistics executive, will take over as chief financial officer of its AWS cloud computing unit. In a blog post, Doug Herrington, Amazon's worldwide retail chief, said Felton would take on a new role as senior vice president and Amazon Web Services CFO. Udit Madan, Amazon's vice president of transportation, will replace Felton. Felton has been with Amazon for nearly two decades, most recently serving as the head of its worldwide operations division. Felton will replace AWS' current CFO Richard Puccio.
Persons: John Felton, Doug Herrington, Felton, Udit Madan, Andy Jassy's, I'm, Richard Puccio, Puccio, shakeup Organizations: Amazon, Amazon Web, AWS, Street, CNBC Locations: He's
Silent sacking, Garrison told BI, "is how Amazon is going to reduce operational costs without negatively affecting the stock price. Some Amazon employees recently took to Slack to announce their resignations specifically over the return-to-hub policy. Another AWS employee told BI they feel like they are "doing the job of three people." Any suggestion to the contrary is untrue," the Amazon spokesperson said. Are you an Amazon employee or do you have insight to share?
Persons: they're, Justin Garrison, Garrison, wasn't, URA, hasn't, that's, Slack, RTO, we'd, They've Organizations: Service, Amazon, Business, BI, Amazon Web Services
"Starting today, Google Cloud customers who wish to stop using Google Cloud and migrate their data to another cloud provider and/or on premises, can take advantage of free network data transfer to migrate their data out of Google Cloud," Amit Zavery, a Google cloud vice president, wrote in the post. In 2018, Cloudflare announced the Bandwidth Alliance, a group of companies, including some cloud providers, that reduce or eliminate those data transfer, or egress, fees. "Restrictive licensing practices remain a far bigger issue to customers who want the choice of working with their preferred cloud provider," the spokesperson said. By making transfer free, Google could be pressuring rivals to follow suit or risk losing out on new business prospects. Last year Google expressed concerns about Microsoft's cloud practices to officials in the U.S. and the European Union.
Persons: Amit Zavery, Cloudflare, Zavery, Thomas Kurian Organizations: Amazon, Microsoft, Google, Bandwidth Alliance, Oracle, Amazon Web Services, European, European Union Locations: Virginia, U.S
Insider has compiled a list of 100 people at the forefront of artificial intelligence . download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCloud companies such as Amazon, Microsoft, and Google have been building AI offerings for years, and now they are opening the door to generative AI. This year, generative AI took hold of the world. Amazon Web Services and Google Cloud soon followed suit with their own investments and AI products — Google invested in the AI startup Anthropic.
Persons: Organizations: Service, Microsoft, Google, Web Services, AWS, Business Locations: OpenAI
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