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☆ Altimeter Capital CEO on Meta: The year of belt-tightening from 2023 is over
▼ + stars: | 2024-02-02 | 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 EmailAltimeter Capital CEO on Meta: The year of belt-tightening from 2023 is overBrad Gerstner, Founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss Meta's surge after earnings, what he sees next for the stock, and more.

Persons: Brad Gerstner Organizations: Meta

☆ Altimeter Capital CEO on Amazon: They have a dominant retail business that will benefit from AI
▼ + stars: | 2024-02-02 | 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 EmailAltimeter Capital CEO on Amazon: They have a dominant retail business that will benefit from AIBrad Gerstner, Founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss Amazon and why he's a "big believer" in the name.

Persons: Brad Gerstner

☆ Lawmakers to grill CEOs of Meta, TikTok, X and other social media firms at hearing on child safety
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face a grilling on Wednesday from lawmakers concerned about child exploitation and safety on their services. Lawmakers from both sides of the aisle have blasted the companies for failing to properly address what some have called a "plague of online child sexual exploitation" on social media apps. Wednesday's hearing is focused specifically on issues pertaining to child exploitation and the prevalence of child sexual abuse material on social media. The social media executives are expected to detail their efforts combating child exploitation on their platforms, which include working with law enforcement and tasks like proactively identifying potential predators. Watch: Early Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings week

Persons: Mark Zuckerberg, Linda Yaccarino, Evan Spiegel, —, Shou Zi Chew, Jason Citron, Sen, Dick Durbin, Lindsey Graham, S.C, Citron, Meta, Brad Gerstner Organizations: Meta, U.S, Senate, Intelligence, Capitol, Washington , D.C, TikTok, Spiegel, Google YouTube, Committee, Lawmakers, Electronic Frontier Foundation, American Civil Liberties Union Locations: Washington ,, Washington, . New

☆ CNBC Daily Open: Fed rate cut path in sharp focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermidThis 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 ends highU.S. stocks ended on a positive note on Monday. The S&P 500 closed at a new record high as Wall Street looked ahead to Big Tech earnings and the Federal Reserve's rate policy decision.

Persons: Brendan McDermid, Erek Barron, Biden, Joe Biden, Brad Gerstner Organizations: New York Stock Exchange, REUTERS, CNBC, Big Tech, Dow, Nasdaq, DOJ, SEC, of Justice, Securities and Exchange Commission, Republicans, Hamas Locations: New York City, U.S, Maryland, Iran, Jordan, Iraq, Iranian, Israel

☆ Brad Gerstner says Meta is better positioned than the rest of the ‘Magnificent Seven’ this earnings season
▼ + stars: | 2024-01-29 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Altimeter Capital Chair and CEO Brad Gerstner said on Monday that Meta Platforms , one of his top holdings, is poised to outshine other so-called "Magnificent Seven" stocks during this busy earnings reporting week. "If there was one name that I think is better positioned this week, it's Meta," Gerstner said on CNBC's "Fast Money ." "I think people still underappreciate the commitment to efficiency at Meta." "Meta is actually deploying those AI tools to increase monetization to increase engagement for the benefit of the consumer," he said. For Big Tech earnings this week, Gerstner thinks the bar is high given how much the stocks have rallied this year.

Persons: Brad Gerstner, it's, Gerstner, Meta, —, he's, Mark Zuckerberg, Tesla Organizations: Meta, Apple, Microsoft, Big Tech Locations: Meta

☆ Early Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings week
▼ + stars: | 2024-01-29 | 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 EmailEarly Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings weekBrad Gerstner, Altimeter Capital Founder & CEO, joins the 'Fast Money' traders to discuss his expectations from big tech earnings.

Persons: Brad Gerstner

☆ Altimeter's Brad Gerstner, a top tech investor for 15 years, is showing no signs of slowing
▼ + stars: | 2023-12-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Brad Gerstner rose to prominence in the tech investment scene for his early lucrative bets in Snowflake and Meta Platforms , and he's showing no signs of slowing down. The tech investor launched his investment firm Altimeter Capital in the depths of the 2008 financial crisis with less than $3 million raised from his family and friends. Altimeter has also been an on-and-off investor in Meta Platforms since the early 2010s. As a top 15 institutional investor, Gerstner wrote a critical open letter in October 2022, saying the company needed to slash headcount and stop spending so much money on metaverse. The widely followed tech investor called the rise of AI a "super-cycle" just like the dot-com boom in the late 1990s.

Persons: Brad Gerstner, Gerstner, Snowflake, Meta, Mark Zuckerberg, he's Organizations: Harvard Business School, Microsoft, Nvidia, Federal Reserve Locations: Snowflake

☆ How some of 2023's biggest AI winners have fared a year after ChatGPT's launch
▼ + stars: | 2023-12-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .

Persons: –, hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce

☆ Google won't be able to replicate search dominance in AI, says Altimeter's Brad Gerstner
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle won't be able to replicate search dominance in AI, says Altimeter's Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Halftime Report' to discuss tech vs. non-tech performance, the outlook for 2024, and more.

Persons: Brad Gerstner Brad Gerstner Organizations: Google

☆ Tech stocks going to outperform non-tech in 2024, says Altimeter's Brad Gerstner
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech stocks going to outperform non-tech in 2024, says Altimeter's Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Halftime Report' to discuss tech vs. non-tech performance, the outlook for 2024, and more.

Persons: Brad Gerstner Brad Gerstner Organizations: Tech

☆ Former Apple designers launch $700 Humane AI Pin as smartphone replacement
▼ + stars: | 2023-11-09 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

The Humane AI Pin is designed to replace your smartphone, allowing the user to make calls, send texts and look up information through voice controls. Humane said it will begin taking orders for the AI Pin on Nov. 16. The AI Pin has a built-in speaker and camera, and a light flashes when those functions are turned on. Users can access AI services from the internet, rather than downloaded apps. Microsoft, Google , OpenAI, and other companies are contributing AI services, the company said.

Persons: Imran Chaudhri, Bethany Bongiorno, Chaudhri, Sam Altman, Marc Benioff, Bongiorno, Brad Gerstner Organizations: Apple, Mobile, Microsoft, Tiger Global, Qualcomm, Qualcomm Ventures, Google

☆ Altimeter's Gerstner says he's taken down exposure, but still bullish on American companies
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Altimeter Capital Chair and CEO Brad Gerstner said Wednesday that he has reduced exposure on the stock market after this year's rally, but he remains bullish on American companies. "We've taken some risk off the table as prices have gone up, but we're still leaning forward and still bullish on America," Gerstner said on CNBC's " Squawk Box ." The tech investor revealed that his net exposure today is 60%, down from 93% at the beginning of the year. However, as for buying opportunities in technology names, Gerstner cautioned that not all tech is created equal. The widely followed investor listed Upstart as one of the companies that enjoyed outsized boost from the pandemic.

Persons: Brad Gerstner, We've, Gerstner, haven't, Robinhood Organizations: Nasdaq Locations: America, Ukraine, Israel

☆ Altimeter CEO Brad Gerstner: What we haven't had the last 3 years is predictability
▼ + stars: | 2023-11-08 | 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 EmailAltimeter CEO Brad Gerstner: What we haven't had the last 3 years is predictabilityBrad Gerstner, Altimeter Capital founder and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, venture capital environment, artificial intelligence, the state of the IPO market, investing in America, and much more.

Persons: Brad Gerstner, Brad Locations: America

☆ Watch CNBC's full interview with Altimeter CEO Brad Gerstner
▼ + stars: | 2023-11-08 | 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 EmailWatch CNBC's full interview with Altimeter CEO Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, venture capital environment, artificial intelligence, the state of the IPO market, investing in America, and much more.

Persons: Brad Gerstner Brad Gerstner Locations: America

☆ Brad Gerstner: We have a 'historic moment' right now to get everybody into the game of capitalism
▼ + stars: | 2023-11-08 | 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 EmailBrad Gerstner: We have a 'historic moment' right now to get everybody into the game of capitalismBrad Gerstner, Altimeter Capital founder and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, venture capital environment, artificial intelligence, the state of the IPO market, investing in America, and much more.

Persons: Brad Gerstner Locations: America

☆ Pinterest jumps on better-than-expected third-quarter results
▼ + stars: | 2023-10-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Pinterest reported third-quarter earnings on Monday that beat on the top and bottom lines. Here's how the company did:Revenue : $763.2 million vs. $743.5 million expected, according to LSEG, formerly known as Refinitiv. : $763.2 million vs. $743.5 million expected, according to LSEG, formerly known as Refinitiv. For the fourth quarter, Pinterest said it expects revenue growth of 11% to 13%.

Persons: Pinterest, Bill Ready, Susan Li, wouldn't, Brad Gerstner Organizations: New York Stock Exchange, Meta, Company Locations: Israel

☆ Watch CNBC's full interview with Altimeter CEO Brad Gerstner on Meta 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 EmailWatch CNBC's full interview with Altimeter CEO Brad Gerstner on Meta earningsBrad Gerstner, Altimeter Capital founder and CEO, joins 'Halftime Report' to discuss Meta earnings results, the forecast for the company going forward, and more.

Persons: Brad Gerstner

☆ Meta regained investor confidence in latest earnings report, says Altimeter's Brad Gerstner
▼ + stars: | 2023-10-26 | 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 EmailMeta regained investor confidence in latest earnings report, says Altimeter's Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, joins 'Halftime Report' to discuss Meta earnings results, the forecast for the company going forward, and more.

Persons: Brad Gerstner Brad Gerstner Organizations: Meta

☆ Amazon’s advertising revenue tops $12 billion in the third quarter
▼ + stars: | 2023-10-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

(Photo by Joan Cros/NurPhoto via Getty Images)Amazon's online advertising business continues to boom amid growing investor concerns that the Israel-Hamas War could negatively impact the world economy. Analysts polled by StreetAccount were expecting Amazon's advertising business to generate $11.6 billion in third-quarter revenue. Investors closely monitor Amazon's online advertising unit, which now accounts for 7.5% of the global digital ad market, according to Insider Intelligence. Alphabet is still the digital advertiser leader with 28.4% share of the world online ad market, while Meta accounts for 20.1%, the research firm said. Alphabet reported third-quarter earnings this week and said that its Google advertising revenue jumped 9% year-over-year to $59.65 billion while YouTube ad sales rose 12% year-over-year to $7.95 billion.

Persons: Joan Cros, StreetAccount, Meta, Susan Li, Brad Gerstner Organizations: AMD, Amazon Marketing Services, Mobile, Getty, Intelligence, Meta, Facebook, Google, YouTube Locations: BARCELONA, SPAIN, Barcelona, Spain, Israel, Hamas

☆ Betting on the Future
▼ + stars: | 2023-10-10 | by ( Scott Wapner | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBetting on the FutureThe tech sector is always a wild ride for investors. It pays to know the space, know the players and know what to look for when sifting through noise. Tech investor Brad Gerstner joins us to share his thoughts on investing in the sector right now—today's top plays, tomorrow's potential winners, companies to keep a close eye on—and where he places this current moment in the timeline of investing history.

Persons: Brad Gerstner Organizations: Tech

☆ 'Everything gets harder from here': Why top investors are down on the market, economy
▼ + stars: | 2023-10-03 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

Some of the market's biggest stock market investors echoed this view. Ackman said on Monday morning he didn't expect another rate hike. "If you just listen to their words, you know, you have to be pretty fearful there's going to be another rate hike. "Those numbers need to be supportive," Rieder had said of inflation data and jobs data including the JOLTS report in an interview with CNBC on the sidelines of DA. Ackman, even betting against another rate hike, has a view of inflation that sees it being persistently higher and placing more pressure on yields.

Persons: Bill Ackman, Katie Koch, reprice, Koch, Cash, Brad Gerstner, Gerstner, We've, Ackman, That's, they're, Jerome Powell, Volcker, Rick Rieder, You've, Rieder Organizations: Federal Reserve, Dow Jones, CNBC, Alpha, TCW, DA, Fed, Labor, BlackRock

☆ This is 'the most powerful thing in the world' for shrinking the wealth gap, says CEO
▼ + stars: | 2023-10-02 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Brad Gerstner, founder and CEO of private investing firm Altimeter Capital, says the U.S. is increasingly becoming a country of haves and have-nots. "I think in this country, everybody knows the wealth gap is at historic levels," Gerstner said last week at CNBC's Delivering Alpha investor summit. To close the gap, Gerstner says, American policymakers must harness the power of what investing sages have called the 8th wonder of the world. "The most powerful thing we have in the world to shrink the wealth gap is compounding," Gerstner said. "I started building this little snowball at the top of a very long hill.

Persons: Brad Gerstner, Gerstner, Warren Buffett, " Buffett, aren't Buffett Organizations: CNBC's, Alpha, Berkshire Hathaway, Invest Locations: U.S, haves, Invest America

☆ Top money managers are warning of pain ahead for the US economy. Here are 6 areas where they're investing right now to prepare.
▼ + stars: | 2023-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

"There is a subset that simply cannot do that," she said of paying down credit card debt going forward as rates rise. "In those tails and subsets I think you're going to have really unusual delinquencies, and just horrible recovery rates." You're going to see defaults increase." Delaney also emphasized being defensive, and said he likes corporate bonds, but those with floating rates, meaning they move with the market rate. The iShares 10-20 Year Treasury Bond ETF (TLH) is one way to gain exposure to long-term government bonds.

Persons: Dawn Fitzpatrick, Katie Koch, haven't, it's, Mark Delaney, Suni Harford, I'd, Brad Gerstner, Jerome Powell, Volcker, Koch, —, We're, Rick Rieder, he's, Delaney, Fitzpatrick Organizations: CNBC's, Alpha, Federal Reserve, Soros Fund Management, TCW, UBS, Management, BlackRock, JPMorgan, Corporate, Treasury Bond ETF, Vanguard Energy, DB Oil Fund Locations: Europe, Saudi Arabia

☆ Altimeter CEO Brad Gerstner: The Fed overshot, probability of 'meaningful slowing' in 2024 is up
▼ + stars: | 2023-09-28 | 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 EmailAltimeter CEO Brad Gerstner: The Fed overshot, probability of 'meaningful slowing' in 2024 is upBrad Gerstner, Altimeter founder and CEO, joins CNBC's Delivering Alpha 2023 conference to talk the risk of investing during the current interest rate cycle.

Persons: Brad Gerstner Organizations: CNBC's, Alpha

☆ Brad Gerstner on AI: Like the internet we overpriced it, but underestimated the long-term impact
▼ + stars: | 2023-09-28 | 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 EmailBrad Gerstner on AI: Like the internet we overpriced it, but underestimated the long-term impactBrad Gerstner, Altimeter founder and CEO, joins CNBC's 2023 Delivering Alpha conference to talk emerging technologies like AI, how it compares to super-cycles of the past and where he sees it going in the future.

Persons: Brad Gerstner Organizations: Alpha

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