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☆ A.I. excitement leads to a winning week for Nvidia and other tech stocks
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Artificial intelligence plays led the stock market higher this week, as excitement over Nvidia's blowout earnings beat lifted other tech names. As of Friday morning, the AI darling is up nearly 22% week to date and still has 11% upside to the average analyst price target, per FactSet. However, it has about 3.5% downside to the average analyst price target. Meanwhile, Advanced Micro Devices gained nearly 18% week to date but has 15% downside to the average analyst price target. Lastly, Arista Networks has added nearly 15% so far this week and has another 4% upside to the average analyst price target.

☆ Nvidia's stock has climbed as Wall Street bets on A.I. Why investors say its promise is worth the premium
▼ + stars: | 2023-03-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

NVDA YTD mountain Nvidia shares so far this year Nvidia's stock' is trading at a forward price-to-earnings ratio of roughly 58 times. The focus on Nvidia's capabilities in this area have only grown since it unveiled new AI technologies at its GTC conference. On the heels of the conference, Goldman Sachs called the chipmaker a "key AI enabler," while Bank of America said Nvidia's AI dominance could "reshape the existing tech industry." That's in part because along with the hardware and software, Nvidia offers the engineers and relationships with both end-users and research organizations, which could stunt competitor plans from the get-go, Freund explained . Because so many engineers are already using Nvidia's software, some companies may face resistance if attempting to transition to a new language, explained Pieran Maru, an investment analyst at global asset management firm GAM Investments.

☆ Nvidia and Advanced Micro Devices are strong buys to play A.I. trends, Raymond James says
▼ + stars: | 2023-03-02 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Nvidia and Advanced Micro Devices are strong buys given their artificial intelligence leadership, according to Raymond James. Analyst Srini Pajjuri resumed coverage of the semiconductor stocks, saying the two companies will emerge as winners as enthusiasm ramps up for artificial intelligence and machine learning technologies. "Nvidia Corporation is the undisputed leader in AI/ML and arguably has the best autonomous driving solutions," Pajjuri wrote in a Wednesday note. Meanwhile, Advanced Micro Devices is an "underappreciated play on AI/ML," according to the analyst. "While valuations look a bit stretched, we expect upward estimate revisions to start in 2H23 as inventories normalize, setting the stage for continued outperformance," the analyst wrote.

☆ We could get up to 17% return today on cashflow generating assets, says Kotak Investment Advisors
▼ + stars: | 2022-12-16 | 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 EmailWe could get up to 17% return today on cashflow generating assets, says Kotak Investment AdvisorsSrini Sriniwasan of Kotak Investment Advisors discusses what's next after the company secured an anchor investment of $500 million from a subsidiary of the Abu Dhabi Investment Authority (ADIA).

Apple filed two patents in Singapore early in 2020, relating to drones and their control systems. Their filing out of the US and delayed publication suggests Apple may be trying to keep them quiet. The giant had previously filed two other patent applications, indicating some effort had been made to keep the project quiet. It can delay the date that a patent application is made public, and it can submit the application in another country. Both of these patents were originally filed in Singapore, according to Patently Apple.

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