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☆ Oracle shares surge 12% and head for record close
▼ + stars: | 2024-03-12 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023. Oracle stock spiked more than 12% during intraday trading on Tuesday and is on pace for a record close, a day after the company reported fiscal third-quarter earnings that beat analysts' expectations. They're also on pace for the biggest gain since Dec. 10, 2021, when Oracle stock closed up 15.6%. Deutsche Bank lifted its price target on Oracle shares to $150 from $135, noting CEO Safra Catz reiterated fiscal 2026 guidance and strong cloud infrastructure results. Analysts at Bernstein Research, who have the equivalent of a buy rating on Oracle stock, bumped up their price target to $159 from $147.

Persons: Safra Catz, They're, Leswing, Jordan Novet Organizations: Oracle Corporation, New York Stock Exchange, Oracle, Deutsche Bank, UBS, Bernstein Research

☆ Affordability, low incentives contribute to EV consumer pull back, says analyst
▼ + stars: | 2024-02-21 | 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 EmailAffordability, low incentives contribute to EV consumer pull back, says analystDaniel Roeska, senior analyst for European transportation at Bernstein Research, says EVs will become cheaper to manufacture by the end of the decade.

Persons: Daniel Roeska, EVs Organizations: EV, Bernstein Research

☆ Temu is trying to win over America. Good luck.
▼ + stars: | 2024-02-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

During the game’s commercial breaks, Temu managed to grab several 30-second ad slots estimated to cost $7 million each . Temu is spreading across AmericaSigns so far suggest US consumers are buying the Temu hype. AdvertisementResults published this month from a survey of around 600 consumers, carried out by investment bank Jefferies, found that almost one in three, or 31%, had used Temu. Temu lacks US-based apparel brands, the bank said, making online window shopping on the site less appealing to Americans, for now. That said, Temu looks ready to put its all into America.

Persons: —, Taylor, Travis Kelce, didn’t, Temu, Shein, Jefferies, TikTok Organizations: Service, Super, Business, Bernstein Research, Bowl, Jefferies, Amazon, Bloomberg Locations: Tokyo, China, America, Europe, Beijing

☆ Nvidia's earnings numbers will continue to go up, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-02-13 | 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 EmailNvidia's earnings numbers will continue to go up, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research senior analyst, joins 'Squawk on the Street' to discuss what Nvidia has to do to continue its upward trajectory, what could be new business for Nvidia, and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Bernstein Research, Nvidia

☆ In cloud, there's AI (which is hot) and everything else (which is not)
▼ + stars: | 2024-02-01 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

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

☆ Bernstein names Amazon its 'best idea' for internet stocks in 2024. We see a lot to like, too
▼ + stars: | 2023-12-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Club holding Amazon (AMZN) is a stock to own going into 2024, with the ecommerce giant poised for further profitability, according to Bernstein Research — a view we enthusiastically share. Bernstein on Tuesday named Amazon its "best idea" in the internet space for 2024, citing acceleration in its cloud business, cost discipline, digital advertising growth, and its continued leadership in ecommerce. The firm has an outperform rating on Amazon stock, with a price target of $175 a share. Amazon stock closed up 1.4% on Tuesday, to settle at $146.88 a share. AMZN YTD mountain Amazon stock performance year-to-date.

Persons: Bernstein, Jim Cramer, Jim, he's, Amazon's, Jim Cramer's, Omar Marques Organizations: Bernstein Research, CNBC, Lightrocket, Getty Locations: ecommerce

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ Paramount Global stock up double digits for second straight day
▼ + stars: | 2023-11-03 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount stock jumped about 11% Friday, a day after posting another double-digit gain, on pace for its best day since last November. The media giant released its third quarter earnings report after the closing bell Thursday, posting higher profit and revenue from a year earlier. Bernstein Research analysts noted that the trends in the third quarter were strong, and if the company keeps them up, Paramount can expect more earnings growth. Moffett Nathanson Research analysts echoed that sentiment while remaining cautiously optimistic.

Persons: Tom Ryan, Moffett Nathanson Organizations: Paramount, LG, Consumer Electronics, Wall Street, Bernstein Research, Moffett Nathanson Research Locations: Las Vegas , Nevada

☆ Microsoft's AI boost helped cloud business outpace rivals Amazon and Google in latest quarter
▼ + stars: | 2023-10-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

That's faster than Google Cloud's 22% growth and more than double the pace of expansion at Amazon Web Services, which reported 12% growth. "Today more than half of all funded generative AI startups are Google cloud customers," Alphabet CEO Sundar Pichai said on the company's earnings call Tuesday. "Our generative AI business is growing very, very quickly," Jassy said. Jassy said companies including Adidas, Booking.com , Merck and United Airlines are building generative AI apps in AWS. Still, Amazon was behind Microsoft in releasing a tool for deploying generative AI.

Persons: Satya Nadella, Mark Moerdler, Sundar Pichai, Andy Jassy, Jassy, Brian Olsavsky, Jefferies, Brent Thill Organizations: Microsoft, Google, Amazon Web Services, AWS, Bernstein Research, Adidas, Booking.com, Merck, United Airlines, OpenAI Service, Oracle, Skanska, Starbucks, Amazon Locations: OpenAI, Maersk

☆ Bernstein's Stacy Rasgon previews Intel ahead of earnings
▼ + stars: | 2023-10-26 | 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 EmailBernstein's Stacy Rasgon previews Intel ahead of earningsStacy Rasgon, Bernstein Research analyst, joins 'Closing Bell' to discuss Intel ahead of the company reporting earnings after the bell today.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein Organizations: Bernstein Research, Intel

☆ Bernstein's Stacy Rasgon reacts to reports of Nvidia & AMD's plan to use ARM-based chips
▼ + stars: | 2023-10-23 | 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 EmailBernstein's Stacy Rasgon reacts to reports of Nvidia & AMD's plan to use ARM-based chipsStacy Rasgon, Bernstein Research analyst, joins 'Closing Bell' to discuss the news reports that Nvidia and AMD are working on Arm-based PC chips.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein Organizations: Nvidia, ARM, Bernstein Research, AMD

☆ Netflix just announced it's raising prices — again
▼ + stars: | 2023-10-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Netflix is raising prices on certain subscription plans. The price hike comes after a password crackdown and successful third quarter at Netflix. Netflix's lowest tier ad-free plan — available only to existing members — will go from $9.99 per month to $11.99. The $6.99 subscription that includes ads and the $15.49 ad-free standard plan will maintain their costs. Netflix announced the change in its on the heels of its its biggest quarter of subscriber growth since 2020 — largely due to its crackdown on password-sharing.

Persons: —, Mark Schilsky Organizations: Netflix, Service, Bernstein Research Locations: France, USA

☆ Cracks are forming in the auto industry, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-10-11 | 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 EmailCracks are forming in the auto industry, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research managing direction and senior analyst, joins 'Closing Bell' to discuss the semiconductor industry outlook ahead of earnings, cracks in the autos industry, and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Bernstein Research

☆ The Big Yawn: You really think the FTC will win against Amazon?
▼ + stars: | 2023-09-27 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

Insider has asked Apple, Google and Amazon for comment on various antitrust allegations in the past. But consumers don't pay for Google Search. The results of a Google search Alistair Barr/Insider/GoogleThe Amazon situation is similar. Marketpulse estimated earlier this year that Amazon sellers pay more than 50% of their revenue to Amazon in fees now. The results of an Amazon search Alistair Barr/Insider/AmazonEven Apple does this in its App Store.

Persons: —, Mark Schlisky, didn't, Lina Kahn, haven't, Vail, Alistair Barr, superstores, Burton Organizations: FTC, Amazon, DOJ, Google, Apple, Service, Bernstein, Big Tech, Ikon, Epic's, Epic, Vail Resorts

☆ Amazon Prime will now have ads — unless you fork over an extra $2.99 a month
▼ + stars: | 2023-09-22 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Amazon announced that ads will be introduced to Prime Video in early 2024. Of course, with the introduction of ads, comes the introduction of a new ad-free subscription — Prime Video users can opt to pay $2.99 more per month for an ad-free membership, the company said in a statement. Currently a standalone Prime Video subscription costs $8.99 per month. Both Peacock and and Paramount+ raised their ad-free subscription prices by $2, from $9.99 to $11.99, this past July. Of course, as Insider's Nathan McAlone puts it — the end of cheap streaming is not here yet, but rather the end of cheap, ad-free streaming.

Persons: Amazon, Gunnar Wiedenfels, Mark Schilsky, Max, Peacock, Insider's Nathan McAlone Organizations: Amazon, Service, Warner Bros, Paramount, Bernstein Research, Disney, Hulu, Netflix, Apple Locations: Wall, Silicon, UK, Germany, Canada, France, Italy, Spain, Mexico, Australia

☆ You haven't been paying a fair price for your streaming services. Warner Bros. Discovery CFO says: 'I think that's in the process of being corrected'
▼ + stars: | 2023-09-19 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

A change may be coming to your streaming services, Warner Bros. The services have been undervalued, Gunnar Wiedenfels said, and "quality content has been given away"That could spell price hikes. AdvertisementAdvertisementAs Insider's Matt Turner summed up: "Streaming services have been underpriced in the name of attracting critical mass." In January, Warner Bros Discovery increased the price of an ad-free subscription to HBO Max for the first time since its launch in 2020. Aside from boosting prices, services are also cracking down on password sharing.

Persons: Gunnar Wiedenfels, Wiedenfels, Max —, Matt Turner, Comcast's Peacock, Max, Peacock, Mark Schilsky, HBO Max, we're, Bob Iger, Schilsky Organizations: Warner Bros, Discovery, Service, Bank of America Securities Media, Communications, Entertainment Conference, Netflix, Hulu, Disney, Paramount, Apple, Bernstein Research, Warner Bros Discovery, HBO, HBO Max, Wall Street Journal Locations: Wall, Silicon, Hollywood

☆ Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
▼ + stars: | 2023-09-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Arjun Kharpal | CNBCMunich, GERMANY — The IAA in Munich, Germany is one of Europe's most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent and challenge incumbents from BMW to Ford in the new era of battery-powered vehicles. But a slowing market at home, due to tepid consumer spending after Covid-19 restrictions were lifted, coupled with an attractive market in Europe, has seen Chinese firms launch cars abroad and expand their footprint. Many of the European carmakers have been seen lagging in their push into EVs at a time when Chinese players have launched dozens of new vehicles. watch nowThe entrance of Chinese firms into Europe is seen as a threat to big automakers who have been perceived to be moving too slow on EVs.

Persons: BYD, Arjun Kharpal, Daniel Roeska, Roeska, Zhu Jiangming, Warren Buffett, Xpeng, Brian Gu, Gu, Bernstein, Tesla, Mercedes, Xpeng's Gu Organizations: CNBC, BMW, Ford, EV, Bernstein Research, Leapmotor, Tesla, IAA Locations: Europe, Munich, Germany, CNBC Munich, GERMANY, China, Hangzhou, Norway, Sweden, Denmark, Netherlands, Guangzhou, EVs

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

☆ BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
▼ + stars: | 2023-09-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

BMWMUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off rising competition from Chinese players and catch up with U.S. giant Tesla . On Saturday, rival BMW showed off the "Vision Neue Klasse," another electric concept car that highlights the company's EV ambitions. This is the companies' biggest push yet toward a new platform for the electric vehicle era. Tesla commanded 20% of the global EV market in the second quarter, followed by 15% for BYD, according to Counterpoint Research. GTI Concept electric vehicle at the IAA show, and said a production version of the car is scheduled to hit the road in 2027.

Persons: Warren Buffett, BYD, Elon Musk's Tesla, Mercedes, Ola Kallenius, Kallenius, CNBC's Annette Weisbach, Oliver Zipse, CNBC's Arabile, Zipse, Daniel Roeska, Roeska, Tesla Organizations: BMW, IAA, BMW MUNICH, Mercedes, IAA Mobility, Benz, Analysts, Bernstein Research, CNBC, Tesla, BYD, Research, U.S ., EV, Volkswagen Locations: Munich, Germany, Tesla, China

☆ Companies are making bank off you forgetting you signed up for that subscription, researchers found
▼ + stars: | 2023-08-31 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

A new study found forgotten subscriptions can raise sellers' revenue by over 200% in some cases. Rising costs of subscription services mean inattentive consumers could lose a lot of money. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementWhen that happened, according to their resulting paper, and consumers had to re-subscribe with a different card, there was a sharp drop in subscription renewal. "And there are some people who are busy and have other things going on in their life and they're more prone to making mistakes."

Persons: Neale Mahoney, Mahoney, Mark Schilsky Organizations: Service, NPR, Stanford University, Texas, M University, Bernstein Research Locations: Wall, Silicon

☆ Streaming providers keep raising prices. So which ones are at risk of getting cut by subscribers?
▼ + stars: | 2023-08-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +2 min

Streaming services continue to raise prices, and they don't appear ready to stop anytime soon. AdvertisementAdvertisementHow much are streaming services worth to you? And two big takeaways — to Wall Street's delight and customers' chagrin — are to raise prices and crack down on password sharing. Netflix saw a surge of sign-ups in the aftermath of its password-sharing crackdown, Insider's Nathan McAlone writes. Meanwhile, analysis from Bernstein Research found the combined monthly price of a handful of popular streaming services increased 24% from last year, writes Insider's Alistair Barr.

Persons: —, Insider's Nathan McAlone, Alistair Barr, What's, Nathan Organizations: Netflix, Bernstein Research

HONG KONG, Aug 23 (Reuters Breakingviews) - Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals. An increasingly competitive Chinese market means others may also need to plot a new route. VW’s western peers may feel they do not need to follow in its tracks. Second, VW’s Xpeng deal highlights how companies need to adapt quickly to stay relevant in China. Both partnerships will see the companies jointly develop intelligent, connected electric vehicles for the Chinese market.

Persons: China’s, that’s, Bernstein, Alix, Elon Musk’s, VW’s, Auto, Neil Unmack, Pranav Kiran, Thomas Shum Organizations: Reuters, HK, FAW, SAIC, VW, BMW, upstarts, Alix Partners, Elon, Mercedes, Benz, Nissan, General Motors, Honda, Toyota, Volkswagen, Volkswagen’s Audi, Zhejiang Leapmotor Technology, Jetta, Thomson Locations: HONG KONG, China, Xpeng, Kingdom, Shanghai, Hong Kong, Zhejiang

☆ Sorry, you're going to pay even more for streaming TV soon. Here are the services most likely to raise prices again.
▼ + stars: | 2023-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Netflix, Disney, and other video streaming providers have raised prices a lot in the past year. The analysis predicts which streaming subscription services are likely to raise prices again soon. The Bernstein sales specialist also fired up an interesting analysis, using Nielsen data and other industry stats, that shows which streaming services are mostly likely to raise prices again. In other words, you're probably going to pay more for Netflix, Hulu, and Peacock before too long. However, over a longer period, it usually takes a consistent supply of solid hits to drive repeat viewing habits that support higher prices, Schilsky explained.

Persons: they're, Jerome Powell shudder, We'll, Mark Schilsky, Max, Peacock, Schilsky, haven't, Bob Iger, Bernstein, Mark Organizations: Netflix, Disney, Bernstein Research, Wall, Hulu, Paramount, Apple, Nielsen, Bernstein Locations: That's

☆ The tech job recession is over
▼ + stars: | 2023-08-16 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

Bernstein tech analysts have been tracking monthly job cuts across the industry. Tech analysts from Bernstein Research have been posting monthly updates on layoffs across the industry for about a year. Their final update, from Monday, showed 4,937 tech job cuts so far in August, based on data from Trueup.io. "The Tech Job Recession is Over," the Bernstein analysts declared in a recent email to clients. Monthly job cuts across the tech industry Bernstein Research, Trueup.ioThank OpenAI and the generative AI boom for limiting the carnage here.

Persons: Bernstein, OpenAI, they're, Ian Wilson Organizations: Tech, Bernstein Research, Nvidia, AWS Locations: Trueup.io

☆ Breaking down Nvidia's bounce back with Bernstein's Stacy Rasgon
▼ + stars: | 2023-08-15 | 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 EmailBreaking down Nvidia's bounce back with Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research analyst, joins 'Closing Bell' to discuss Nvidia's bounce back ahead of the company reports earnings.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein Organizations: Bernstein Research

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