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☆ China is building new villages on its remote Himalayan border. Some appear to have crossed the line
▼ + stars: | 2024-11-05 | by ( Simone Mccarthy | Nectar Gan | ) edition.cnn.com time to read: +20 min

“Knowing India has a strong presence in Bhutan, China naturally becomes vulnerable in the bordering region,” said Rishi Gupta, assistant director at the Asia Society Policy Institute in New Delhi. “None of the roads connect into Bhutan, they start from the Chinese border and end in forest areas. ‘No intrusion’Bhutan has repeatedly denied that Chinese construction has taken place in its territory. Bhutanese Foreign Minister Tandi Dorji, left, and Chinese Foreign Minister Wang Yi meet in Beijing in October 2023. They picked up formal talks last October for the first time since the Doklam standoff, with Bhutan’s foreign minister making a rare visit to Beijing.

Persons: ”, that’s, Xi Jinping, Robert Barnett, Lotay Tshering “, SOAS ’ Barnett, Barnett, Bhutan’s, ” Barnett, Doklam, Bhutan –, Rishi Gupta, Jieluobu, Jieluobu –, Yun Sun, “, SOAS’s Barnett, –, Damien Symon, Symon, relocatees, Lotay Tshering, it’s, Karma Phuntsho, Manoj Joshi, Tandi Dorji, Wang Yi, Xi Organizations: CNN, East China Seas, Planet Labs, SOAS University of London, Tibet Autonomous, Labs, Bhutan’s Ministry of Foreign Affairs, SOAS, Gurinder, India’s Ministry, Affairs, Asia Society Policy, Beijing, Jieluobu, Stimson, Demalong ., Demalong . Tibet Federation of Industry, Commerce, Intel Lab, Chatham House, La, National, ” Observers, Observer Research, Trade, Foreign, Ministry Locations: Bhutan, China, Tibet, South, East, India, Tibet Autonomous Region, Demalong, Lhuntse, “ China, Indian, Chinese, Nathu La, Sikkim, Gurinder Osan, Delhi, Beijing, Siliguri, New Delhi, Doklam, Washington, Semalong, Luozha, WeChat, Demalong . Tibet, London, Jieluobu, Belgian, ”, Thimphu, Kula, Bhutanese

☆ AstraZeneca shares fall on report of potential China probe fallout
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: +2 min

The Astrazeneca logo is pictured at the World Artificial Intelligence Conference 2021 in Shanghai, China, July 7, 2021. "As a matter of policy, we do not comment on speculative media reports including those related to ongoing investigations in China," AstraZeneca said. "If requested, we will fully cooperate with the Chinese authorities," the company added and said that its operations and delivery of medicines were ongoing in China. AstraZeneca is one of the biggest multinational drugmakers in China, which accounts for 13% of its overall revenue. In 2022, Chinese authorities had summoned AstraZeneca officials over an investigation of suspected medical insurance fraud by its employees, and had ordered that the drugmaker tighten its marketing activities.

Persons: Leon Wang, Wang, AstraZeneca Organizations: Astrazeneca, Artificial Intelligence, AstraZeneca, country's pharma Locations: Shanghai, China, Swedish

☆ All eyes are on America as an uncertain world awaits critical election result
▼ + stars: | 2024-11-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +3 min

The “leader of the free world” always holds a huge sway over the 7.9 billion people who don’t get a vote. The election “will have significant implications virtually for everyone in the world — for good or evil,” said Dong Wang, an international studies professor at Peking University. Trump and Harris have “completely different competing visions of the global order,” said Wang, executive director at the university’s Institute for Global Cooperation and Understanding. And so influential Chinese observers see Trump as one who brings unwelcome chaos and unpredictability — as well as his beloved tariffs. During his first term, he started a trade war with Beijing, imposing $360 billion in tariffs on Chinese goods.

Persons: don’t, Donald Trump, Kamala Harris, ”, Thomas Shannon Jr, Harris, “, Shannon, Trump, Barack Obama, George W, Bush, Dong Wang, Wang Organizations: United, State Department, Peking University . Trump, university’s Institute for Global Cooperation, Biden, Trump Locations: East, Europe, ”, —, U.S, Beijing, China, Washington, Taiwan

☆ China urges France to get EU to arrive at palatable EV trade solution
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +1 min

European leaders have struggled to formulate a unified Sino-European strategy, with some states echoing U.S. calls for a complete disassociation — or decoupling — while others have preferred a softer, derisking approach. China has urged France to take on "an active role" to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing's commerce ministry said on Monday, citing its minister. Wang Wentao, in a meeting with French junior trade minister Sophie Primas in Shanghai on Sunday, reiterated the European Union's investigation into China's EVs is a major concern and has "seriously hindered" China-EU auto industry cooperation. The EU launched an anti-subsidy investigation into imports of Chinese-made battery EVs last year and in October voted for tariffs on those vehicles. China in the past year has launched its own investigations into European pork and dairy, and imposed temporary anti-dumping measures on imports of brandy from the EU early this month.

Persons: Wang Wentao, Sophie Primas Organizations: European Commission, French, Sunday, EU Locations: China, France, Shanghai, EU

☆ What Wall Street learned from the week's Big Tech earnings flurry
▼ + stars: | 2024-11-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Among the megacap stocks, Alphabet , Amazon and Microsoft grew year-over-year, cloud-based revenue by 35%, 19% and 20%, respectively. But of the five largest companies that have so far reported results — Meta Platforms , Alphabet, Amazon, Apple and Microsoft — only two finished the week higher. META 5D mountain Meta, 5 days Commentary from some of the tech companies signaled that AI demand remains robust. Amazon CEO Andy Jassy justified stepped up AI spending, saying that investors will be rewarded over the long haul. AMZN 5D mountain Amazon, 5 days Meanwhile, the still enormous spending patterns among megacap technology companies signals no downturn for de facto AI leader Nvidia.

Persons: Gene Munster, Sundar Pichai, Andy Jassy, Ray Wang, Wang, Mark Malek, Constellation's Wang, Satya Nadella's, Eric Clark, Clark Organizations: Microsoft, Apple, Constellation Research, Brands, Nvidia

☆ What a potential Harris administration could actually do to protect abortion access
▼ + stars: | 2024-11-01 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

Democratic presidential nominee Vice President Kamala Harris speaks during a campaign rally at Shell Energy Stadium in Houston, Texas, Oct. 25, 2024. But what could Harris actually do to support abortion access in a post-Roe landscape? Even so, she said, a Harris administration could increase the availability of medication abortions and, crucially, it could fight Republican and activist attempts to further limit reproductive rights. A Harris administration would not enforce the Comstock Act, a controversial federal law passed in 1873 that bans the mailing of obscene matter. "A Harris administration wouldn't be able to change what the Supreme Court is saying, but it could de-prioritize those prosecutions," Ziegler said.

Persons: Kamala Harris, Justin Sullivan, Roe, Wade, Harris, Republican Donald Trump, Alina Salganicoff, Salganicoff, Donald Trump, Olivier Douliery, Mary Ziegler, Ziegler, it's, Jonathan Ernst, Reuters Harris, Kevin Wang, Comstock, wouldn't, Biden, Jeff Kowalsky Organizations: Democratic, Shell Energy, Getty, White, NBC, Republican, Trump, New York Times, Republicans, Washington , D.C, Afp, Wisconsin Public Radio, Supreme, Reuters, Guttmacher Institute, Wisconsin's Madison South Health Center, U.S . Department of Justice, DOJ, Labor, Northwest Activities Center, AFP Locations: Houston , Texas, U.S, Washington, Women's, Washington ,, KFF, Detroit

☆ China and U.S. race to solve the mystery of neutrinos, 'ghost particles' of the universe
▼ + stars: | 2024-10-31 | by ( Eric Baculinao | Evan Bush | Eric Baculinao Is A Producer Based In Beijing. A Long-Term Resident Of Beijing Who Is Fluent In Chinese | ) www.nbcnews.com time to read: +8 min

Neutrinos pair with antineutrinos, which scientists think mirror their behavior. The first of three new neutrino observatoriesJUNO is part of China’s ambitious efforts to become a global science powerhouse. The sun, for example, sends electron neutrinos toward Earth, but sometimes they arrive as muon neutrinos. Several scientists behind neutrino observatory projects admitted, though, that it’s impossible to predict the practical, earthly benefits of the research. You need a discontinuity,” said Mary Bishai, a particle physicist at the U.S. Energy Department’s Brookhaven National Laboratory and a co-spokesperson for the DUNE project.

Persons: antineutrinos —, Wang Yifang, antineutrinos, ” Wang, Xi Jinping, Eric Baculinao, “ It’s, ”, Chris Marshall, China —, Wang, “, they’ve, ” Patrick Huber, Ignacio Taboada, — it’s, —, Sergio Bertolucci, We’ve, JUNO, Pedro Ochoa, you’ll, Mary Bishai Organizations: China’s Institute of High Energy, Workers, NBC, University of Rochester, U.S, NBC News U.S, Virginia Tech’s Center, Neutrino Physics, Georgia Tech, JUNO, University of California, U.S . Energy, Brookhaven National Laboratory Locations: Japan, U.S, Illinois, North Dakota, China, Italian, South Dakota, Irvine, Brookhaven

Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter. While its memory chip unit benefited by strong demand for its artificial intelligence and conventional server products, Samsung said "inventory adjustments negatively impacted mobile demand." While artificial intelligence drove demand for advanced nodes from its foundry unit, Samsung said mobile and PC demand underperformed. Here are Samsung's results compared with the guidance it issued earlier this month:Revenue : 79.1 trillion won vs. 79 trillion: 79.1 trillion won vs. 79 trillion Operating profit: 9.18 trillion vs. 9.1 trillion wonThose guidance figures were markedly lower than the LSEG estimate for 11.456 trillion won in operating profit.

Persons: Jun Young Organizations: Samsung Electronics, Samsung Locations: China

☆ FTX’s Nishad Singh gets no jail time for role in crypto fraud
▼ + stars: | 2024-10-30 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Just before the hearing began, Singh was alone, pacing the elevator bank, as he rehearsed his statement from a single printed page. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion. Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May.

Persons: Nishad Singh, Singh, Judge Lewis Kaplan, FTX, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, ” Nicolas Roos, Singh “, Roos, Judge Kaplan, “, Gabe, ”, ” John Ray, Ray, Ryan Salame, Gary Wang Organizations: New, Alameda Research, Southern, of, Prosecutors Locations: Alameda, Bankman, of New York, Manhattan, Bahamian

☆ China’s new crew arrives at space station in sign of growing influence in space field
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

The team of two men and one woman will replace the astronauts who have lived on the Tiangong space station for the last six months, conducting a variety of experiments and maintaining the structure. China built its own space station after being excluded from the International Space Station, mainly because of U.S. concerns over the overall control over the space program by the People’s Liberation Army, the Chinese Communist Party’s military arm. China’s moon program is part of a growing rivalry with the U.S. and others, including Japan and India. Besides putting a space station into orbit, the Chinese space agency has landed an explorer on Mars. China’s space authorities say they have measures in place in case their astronauts have to return to Earth earlier.

Persons: Cai Xuzhe, Lingdong, Wang Haoze, Wang, Adek Berry, Ng Han Guan Organizations: China Aerospace Science, Technology Corporation, Getty, China Central Television, International, People’s Liberation Army, Communist, U.S, NASA, Soviet Union Locations: JIUQUAN, China, United States, AFP, Japan, India, U.S, Russian

☆ AstraZeneca says its China operations president under investigation
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +1 min

The office building of biopharmaceutical company AstraZeneca is being seen in Shanghai, China, on May 23, 2024. AstraZeneca 's China president is under investigation and is cooperating with Chinese authorities, the company said on Wednesday, sending shares down as much as 5.3%. When asked about Wang's whereabouts, a company spokesperson only reiterated that the executive was under investigation. In a statement, the drugmaker said its Chinese operations were "under the leadership of the current general manager of AstraZeneca China," without providing further details. AstraZeneca shares were down 5.2% at 1352 GMT.

Persons: Leon Wang Organizations: AstraZeneca Locations: Shanghai, China, drugmakers, United States, AstraZeneca China

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse

Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian

☆ Why this ‘Magnificent 7’ stock is still a buy even though it’s behind on AI
▼ + stars: | 2024-10-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

What's more, the enormous Amazon Web Services cloud services business effectively allows Amazon the leeway to figure out the best path forward in terms of applying AI to the rest of its businesses. At the same time, Amazon's Prime Video platform presents a formidable opponent against Netflix . Wang also said Amazon's Prime membership rolls could benefit from the upcoming holiday shopping season. So Amazon has a little bit of time to get their AI story right," he said. Wang added that investors can expect more insight into Amazon's investments during its December re:Invent conference.

Persons: Ray Wang's, Wang, Amazon's Organizations: Constellation Research, Amazon, Netflix, Microsoft, Google

☆ 'Mag 7' are both value and growth stocks in today's winner-takes-all market: Constellation's Ray Wang
▼ + stars: | 2024-10-28 | 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 Email'Mag 7' are both value and growth stocks in today's winner-takes-all market: Constellation's Ray WangRay Wang, Constellation Research principal analyst, joins 'Money Movers' to discuss how Wang views the magnificent seven stocks, the market's hesitations towards tech spending, and much more.

Persons: Ray Wang Ray Wang, Wang Organizations: Constellation Research

☆ Dock tragedy is latest chapter in Gullah Geechee community’s long struggle
▼ + stars: | 2024-10-27 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

The collapse killed seven people, injured several others and gave his two girls what Michael Wood said was their first glimpse of the Gullah Geechee community’s longtime heartache and resilience. Courtesy Michael WoodThe October 19 tragedy is the latest chapter in the struggles of one of the last surviving Gullah Geechee communities in the Georgia Sea Islands. The state settlement included the construction of the dock and “new aluminum gangways” as well as improved ferry service. The day of the collapse Grovner eventually returned to the dock area, where he and others covered some bodies with blankets. White, the Georgia Southern University professor, added: “The Gullah Geechee community has always had to fight for their survival.

Persons: Michael, Kimberly Wood, Michael Wood, ”, Wood, Hailey, Kimberly, Riley, Joyce White, Jacqueline Crews Carter, Cynthia Gibbs, William Johnson Jr, Carlotta McIntosh, Isaiah Thomas, Queen Welch, Charles L, Charles Houston, Febury Hassan, Zelda Johnson, William Johnson Sr, John Thomas, Ben Crump, Gangway, Hogg, Walter Rabon, “, Milton, Ben Crump –, Lewis M, Levine, Susie, ” Michael Wood, I’m, Trevor Santos, Grovner, goddaughter, she’ll, Reginald Hall, ” Hall, ” CNN’s Dalia Faheid, Ashley R, Williams, Michelle Watson, Melissa Alonso, Sharif Paget, Sarah Dewberry, Zoe Sottile, Philip Wang, Adeline Chen, Teo Kermeliotis, Emma Tucker, Nicole Chavez, Devon Sayers, Kia Fatahi, Nick Valencia, Zenebou Sylla Organizations: CNN, Heritage Center, Georgia Southern University, Georgia Department of Natural Resources, Impact, DNR, Georgia Bureau of Investigation, Coast Guard Locations: gangway, Savannah, Georgia, Jacksonville , Florida, Atlanta, Darien , Georgia, Geechee, ”, Sapelo

☆ The Man Who Shaped China’s Strongman Rule Has a New Job: Winning Taiwan
▼ + stars: | 2024-10-26 | by ( Chris Buckley | More About Chris Buckley | ) www.nytimes.com time to read: +1 min

When Xi Jinping held the first-ever talks in Beijing with a former president of Taiwan, seeking to press the island closer to unification, a bookish-looking official stood out for his ease around China’s leader. While others treated Mr. Xi with stiff formality, the official, Wang Huning, spoke confidently in his presence and sat next to him during the meeting, said Chiu Kun-hsuan, a member of the delegation that accompanied Ma Ying-jeou, the former Taiwanese president. The scene gave a glimpse of one of the most important, yet little understood, relationships in China: between Mr. Xi, the country’s most powerful leader in decades, and Mr. Wang, the ruling Communist Party’s most influential ideological adviser in decades. “He has the top leader’s full trust,” Professor Chiu, an emeritus scholar at National Chengchi University in Taipei, Taiwan’s capital, said of Mr. Wang. “Wang Huning’s influence has been in ideology, but now in China under Xi Jinping, ideology connects everything.”

Persons: Xi Jinping, Wang Huning, Chiu Kun, Ma Ying, Xi, Wang, ”, Chiu, Mr, “ Wang Organizations: Communist, National Chengchi University Locations: Beijing, Taiwan, China, Taipei, Taiwan’s

“If the North Koreans are actually sending troops to fight with the Russians, then clearly the level of Russian willingness to support North Korea, to help defend North Korea, is going to be equivalent,” he told NBC News in an interview Thursday. “And that really, in many ways, supplants China as North Korea’s most important protector.”Ukraine says 12,000 North Korean troops in Russia, could join fight starting SundayThe U.S. and its ally South Korea say 3,000 North Korean troops have been deployed to Russia, with the total expected to reach 12,000. Ukrainian President Volodymyr Zelenskyy said Friday in a post on X that the first North Korean soldiers were expected to be deployed in combat zones as early as Sunday. The entry of North Korean troops into the Ukraine war could also lead to even further escalation of the conflict. “I think that the North Korea move is a big part of that, frankly,” Bremmer said.

Persons: Kim Jong, Vladimir Putin, Kim Jong Un, ”, Ian Bremmer, Volodymyr Zelenskyy, Kim, Putin didn’t, We’ll, “, Kim Yong, Lloyd Austin, Bremmer, Xi Jinping, ” Bremmer, Lin Jian, Wang Yi, Xi, Putin Organizations: U.S, North, Getty, Eurasia Group, NBC News, Korean, Ukrainian Defense Ministry’s, Directorate of Intelligence, Ukrainian, Centre, Strategic Communication, Security, Putin, United Nations, South Korean Defense, U.S ., South Korea’s National Intelligence Service, South Korean National Intelligence Service, AFP, Foreign Ministry, Foreign, Kremlin Locations: HONG KONG — North, Ukraine, Washington, Korea, Russia, China, Pyongyang, Beijing, New York, Koreans, North Korea, North, ” Ukraine, South Korea, Vietnam, Russian, Kursk, Russia’s Far, Kazan, U.S, Korean, Washington . South, Moscow, North Korean, Japan

☆ T. Rowe Price's Tony Wang talks what to look for from next week's Big Tech earnings
▼ + stars: | 2024-10-25 | 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 EmailT. Rowe Price's Tony Wang talks what to look for from next week's Big Tech earningsTony Wang, T. Rowe Price portfolio manager, joins 'Closing Bell Overtime' to talk what to expect from next week's slate of earnings.

Persons: Rowe, Tony Wang, Rowe Price Organizations: Big Tech

☆ Global institutional investors not back in Hong Kong yet: CIO
▼ + stars: | 2024-10-25 | 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 EmailGlobal institutional investors not back in Hong Kong yet: CIOQi Wang, Chief Investment Officer of UOB Kay Hian Wealth Management, says "big money" hasn't returned to Hong Kong yet, despite recent strength and new listings on the market.

Persons: Qi Wang, UOB Kay, hasn't Organizations: Global, UOB Kay Hian Wealth Management Locations: Hong Kong

☆ Alexandr Wang Gets Data Ready to Power the Generative AI Revolution
▼ + stars: | 2024-10-24 | by ( Sri Muppidi | ) www.businessinsider.com time to read: 1 min

Wang is the CEO and cofounder of Scale AI, a data-labeling company valued at $13.8 billion. The company employs contractors to annotate training data essential for developing AI models. The company initially focused on data labeling for autonomous vehicles but has since expanded to power the generative AI boom, working with prominent startups such as OpenAI. Before founding Scale AI, Wang was an algorithm developer at Hudson River Trading and held software-engineering roles at Quora and Addepar. See Business Insider's full AI Power List

Persons: Wang Organizations: Trading Locations: Hudson

☆ First openly transgender lawyer to argue at Supreme Court
▼ + stars: | 2024-10-21 | by ( ) www.nbcnews.com time to read: +4 min

An American Civil Liberties Union lawyer will make history in December as the first openly transgender attorney to argue before the U.S. Supreme Court, opposing Tennessee’s Republican-backed law banning gender-affirming medical care for transgender minors. The Supreme Court on Monday ordered that the argument time for the ban’s challengers be divided between the Justice Department and attorneys representing the original plaintiffs who sued the state. Several plaintiffs — including two transgender boys, a transgender girl and their parents — sued in Tennessee to defend the treatments they have said improved their happiness and wellbeing. The Supreme Court has confronted several cases in the past decade implicating LGBTQ rights. In 2020, it ruled that a landmark federal law forbidding workplace discrimination protects gay and transgender employees.

Persons: Chase Strangio, Joe Biden’s, Cecillia Wang, ” Wang, Strangio, Gavin Grimm, Chelsea Manning, —, “ Tennessee, Jonathan Skrmetti Organizations: American Civil Liberties Union, U.S, Supreme, Republican, Justice Department, ACLU, HIV, Department, Circuit Locations: Strangio, Virginia, Tennessee, Constitution’s, “, Cincinnati, Washington

☆ We're only at the beginning of the AI buildout, says Constellation Research's Ray Wang
▼ + stars: | 2024-10-21 | 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 EmailWe're only at the beginning of the AI buildout, says Constellation Research's Ray WangRay Wang, Constellation Research principal analyst, founder and chairman, joins 'Squawk Box' to discuss the state of the tech sector, impact of AI on the industry, his top Magnificent Seven pick, and more.

Persons: Ray Wang Ray Wang Organizations: Constellation Research

☆ The Magnificent 7 stocks ranked from a tech investor that owns all of them
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%

Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple

☆ 10 analysts just hiked their price targets on these 3 stocks — including a Big Tech AI firm
▼ + stars: | 2024-10-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A slew of Wall Street analysts last week turned even more bullish on three stocks ahead of their quarterly earnings reports. CNBC Pro screened for stocks in the MSCI World Index that have received share price target upgrades from Wall Street analysts over the past seven days. Despite raising their price target, Phillip Capital analysts have a "neutral" rating on the stock. The median price target of 17 analysts points to 18% upside potential. The company's share price is correlated to the price of gold , and also copper to a lesser degree.

Persons: Barrick, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Helena Wang Organizations: Street, Ltd, Barrick Gold, CNBC Pro, Wall Street, Facebook, Research, Limited, New York Stock Exchange, Phillip Capital Locations: U.S, Singapore, SeaMoney, Canada

☆ Younger Asian American women had the second-lowest breast cancer rate. Why they’re now tied for No. 1.
▼ + stars: | 2024-10-20 | by ( Claire Wang | ) www.nbcnews.com time to read: +7 min

Four months later, she was diagnosed with triple-negative breast cancer, one of the most aggressive forms of the disease. AAPI women in this age cohort had the second-lowest rate of breast cancer among all racial groups in 2000. “Breast cancer is still more common the older we get, but it’s alarming to see younger women being diagnosed,” said Dr. Helen Chew, director of the clinical breast cancer program at UC Davis Health. Korean, Chinese, Filipina and South Asian American women face the highest risk of breast cancer. Disaggregating data is key to understanding what’s driving the rapid rise in breast cancer among Asian women, Chew said.

Persons: Chi Huang, Huang, ”, Helen Chew, Scarlett Lin Gomez, who’s, ” Gomez, Gomez, Chew, ” Chew, Xers, it’s, “ Organizations: American, Pacific, American Cancer Society, UC Davis Health, University of California, “, South, Filipina, Indians, Pacific Islanders, UCSF Locations: Asia, San Francisco, U.S, Southeast

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