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☆ How Amazon is racing to catch Microsoft and Google in generative A.I. with custom AWS chips
▼ + stars: | 2023-08-12 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article METAGOOGLMSFTAMZN Follow your favorite stocks CREATE FREE ACCOUNTChips as 'true differentiation'In the long run, Dekate said, Amazon's custom silicon could give it an edge in generative AI. Microsoft has yet to announce the Athena AI chip it's been working on, reportedly in partnership with AMD. So you train the machine learning models and then you run inference against those trained models," Wood said. Amazon's custom chips, from left to right, Inferentia, Trainium and Graviton are shown at Amazon's Seattle headquarters on July 13, 2023. An Amazon employee works on custom AI chips, in a jacket branded with AWS' chip Inferentia, at the AWS chip lab in Austin, Texas, on July 25, 2023.

Persons: Dekate, It's, Nitro, Stacy Rasgon, Matt Wood, Wood, Trainium, Nvidia H100s, Rasgon, Joseph Huerta, they're, Mai, Lan Tomsen Bukovec, Gartner, Swami Sivasubramanian, Sivasubramanian, Katie Tarasov Organizations: Microsoft, AWS, Amazon, CNBC, AMD, Intel, Bernstein Research, Google, Unit, Nvidia, Seattle, AI21 Labs Locations: Austin , Texas

☆ Cloud stocks falter as Datadog trims 2023 revenue expectations
▼ + stars: | 2023-08-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Cloud stocks slipped on Tuesday, after one of the more prominent ones, Datadog , lowered its full-year revenue guidance as organizations remain engaged in cost-saving exercises. Then inflation hit, central bankers raised interest rates, and investors began selling holdings in fast-growing cloud stocks and rotating into safer investments that could more consistently offer returns. Executives at many cloud companies responded by reducing overhead, sometimes in the form of layoffs. Cloud stocks began to rebound, but many, including Datadog, have yet to trade above their record highs from 2021. Like Datadog, Everbridge , whose software helps companies respond to emergencies, lowered its growth expectations for the full year on Tuesday.

Persons: Datadog, Refinitiv, Olivier Pomel, Pomel, Bernstein, Peter Weed, Covid, RingCentral, Hewlett Packard, Tarek Robbiati, Vlad Shmunis, Sonalee Parekh, Patrick Brickley Organizations: Computing Fund, Bernstein Research, Nasdaq Locations: U.S, Smartsheet, Snowflake

☆ Bernstein's Stacy Rasgon breaks down what to expect from AMD upcoming earnings report
▼ + stars: | 2023-08-01 | 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 breaks down what to expect from AMD upcoming earnings reportStacy Rasgon, Bernstein Research, joins 'Closing Bell' to discuss AMD's shares ticking up ahead of its earnings report.

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

☆ Tech giants are supposed to be spending less. Nvidia is selling boatloads of GPUs. Both things can't be happening at once.
▼ + stars: | 2023-07-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Big tech companies have been trying to keep a lid on spending plans. 2023 was supposed to be the year of austerity for Big Tech. So how can these tech giants be keeping a lid on spending, while Nvidia sales are surging? And the expectation is that Big Tech is going back to splurging again. That will be driven by a 31% jump in technical infrastructure spending this year, and a 15% increase next year.

Persons: Mark Shmulik, Morgan Stanley, ROIC Organizations: Big, Nvidia, Morning, Big Tech, Google, Meta, Microsoft, Bernstein Research Locations: splurging

☆ School's out for summer, and if ChatGPT usage is falling because students are off, that's a bad sign for OpenAI
▼ + stars: | 2023-07-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

ChatGPT usage recently fell. If that's the reason, it's a bad sign for OpenAI and AI-powered chatbots. ChatGPT usage has fallen. Churn rates, which measure the percentage of users who stop engaging with a service, have also spiked into the 20% range for ChatGPT, according to Bernstein Research. "This idea that if the ChatGPT drop-off is due to students on summer break, that implies a narrower audience and fewer use cases."

Persons: ChatGPT Bernstein, ChatGPT, Mark Shmulik, Bernstein, Shmulik, It's, chatbots, OpenAI, Garry Tan Organizations: Morning, Bernstein Research, ChatGPT Bernstein Research, Microsoft, Enterprise, insider.com Locations: OpenAI, Silicon Valley

☆ BP’s German wind option risks multiple blowbacks
▼ + stars: | 2023-07-13 | by ( George Hay | ) www.reuters.com time to read: +5 min

But Germany also aims to raise as much cash as possible from selling wind power development rights. But wind projects around the world have been hit by turbine makers like Siemens Gamesa and Vestas (VWS.CO)hiking prices in 2022 by 30%. Shaking down the private sector is fine, but not if you’re left with no wind projects. Reuters Graphics Reuters GraphicsFollow @gfhay on TwitterCONTEXT NEWSOil majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion). BP’s initial payments totaling 678 million euros, equivalent to 10% of the bid amount, will be paid by July 2024.

Persons: Bernard Looney, TotalEnergies, Looney, TotalEnergies ’, Patrick Pouyanné, Bernstein, you’re, BP, Aimee Donnellan, Pranav Kiran, Streisand Neto Organizations: Reuters, BP, Bernstein Research, Siemens, Reuters Graphics Reuters, TotalEnergies, Federal, Thomson Locations: Germany, Berlin, U.S, Heligoland, Baltic, Ruegen, Europe, TotalEnergies

☆ The biggest takeaways from Microsoft's courtroom showdown with the FTC over Activision Blizzard
▼ + stars: | 2023-06-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +21 min

The impulse to expand Microsoft's gaming business on mobile devices at least in part inspired the Activision acquisition. The impulse to expand Microsoft's gaming business on mobile devices at least in part inspired the Activision acquisition. Jim Ryan, CEO of Sony Interactive Entertainment, wasn't happy with a Microsoft-generated list of Activision Blizzard games that would remain accessible on the PlayStation after the acquisition closes. Jim Ryan, CEO of Sony Interactive Entertainment, wasn't happy with a Microsoft-generated list of Activision Blizzard games that would remain accessible on the PlayStation after the acquisition closes. Activision Blizzard and Microsoft have agreed to terminate the deal if it's not done by July 18.

Persons: Satya Nadella, Phil Spencer, Spencer, James Weingarten, Weingarten, Jim Ryan, Sony, Ryan, Amy Hood, Bobby Kotick, Sarah Bond, Kotick, Amazon Weingarten, Bond, Tim Stuart, Nadella, Bernstein, Mark Moerdler, Hood, Stuart, it's, Jacqueline Scott Corley, she'll Organizations: Northern, Northern District of, Microsoft, Activision Blizzard, Federal Trade Commission, FTC, Sony, PlayStation, Mobile, Activision, Xbox, Zynga, Sega Sammy, Nintendo, Enix, Sony Interactive Entertainment, Management, Sony Group, Amazon, Microsoft's Xbox, Bernstein Research, Symantec, Sony PlayStation Locations: U.S, Northern District, Northern District of California, San Francisco, cybersecurity, United Kingdom, FarmVille, Asia, Japan, Tokyo

☆ AI drive-thrus may be good for business. But not for the rest of us
▼ + stars: | 2023-06-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

New AI technology at the drive-thru at a Carl's Jr. location. In real-world situations, reactions to AI drive-thrus are still mixed. “We expect AI to augment the competitive advantages of restaurants with digital culture.”Short-staffed restaurants may see AI as a way to fill in the gaps. “There aren’t enough at-scale examples of voice AI in action, especially in this use case,” to say that people would prefer AI to an employee, said McAllister. By the time those examples exist, AI in drive-thrus may already be the norm.

Persons: CKE, Carl’s Jr, Wendy’s, Joel Angel Juarez, it’s, ” Thomas Kurian, ”, Christina McAllister, Forrester, upsells, Krishna Gupta, Presto, “, Todd Penegor, Penegor, Yong Suk Lee, “ it’s, Brandon Bell, McAllister Organizations: New, New York CNN, Google, USA, Wall Street, Indiana White, Wall Street Journal, Presto Automation, CKE, Presto, Presto Voice, University of Notre Dame, Intouch Locations: New York, White, Wendy’s, Columbus , Ohio, The Republic

June 16 (Reuters) - Volkswagen (VOWG_p.DE) will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. "The 21 June CMD is an opportunity to reset a fraught relationship with investors, a challenging exercise," Jefferies wrote in a note on Friday. Investors also demanded that Volkswagen conduct an independent audit of the Urumqi plant, which executives have is only possible with the agreement of joint venture partner SAIC (600104.SS). Alongside targets, investors needed details on how the carmaker expects to make its EV production more cost-effective, Daniel Roeska of Bernstein Research wrote in a note on Thursday. "The risk is that instead we see more punchy earnings and volume targets, with little to support them," he added.

Persons: CMD, Jefferies, carmaker, Oliver Blume, Arno Antlitz, Blume, Daniel Roeska, Jan Schwartz, Victoria Waldersee, Conor Humphries Organizations: Porsche, Volkswagen, Investors, SAIC, Bernstein Research, Thomson Locations: Xinjiang, Urumqi, Germany

☆ AMD is late to the A.I. race, analyst says
▼ + stars: | 2023-06-14 | 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 EmailAMD is late to the A.I. race, analyst saysStacy Rasgon, managing director and senior analyst at Bernstein Research, says "AMD is probably the best alternative to Nvidia, but even within that context … AMD is late."

Persons: Stacy Rasgon Organizations: AMD, Bernstein Research, Nvidia

☆ AMD is 'very early' in its A.I. journey, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-06-13 | 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 EmailAMD is 'very early' in its A.I. journey, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research, joins 'Closing Bell' to discuss AMD shares moving lower after it reveals new graphics chip it hopes will rival Nvidia's A.I.

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

☆ Amazon stock dips after Bernstein analysts pen "open letter" to CEO. Here's what the pros say
▼ + stars: | 2023-06-07 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon stock dips after Bernstein analysts pen "open letter" to CEO. Here's what the pros sayJim Cramer, Mark Shmulik of Bernstein Research, and Quint Tatro of Joule Financial on what they think about Amazon stock after Bernstein analysts wrote an "open letter" to CEO Andy Jassy and the board.

Persons: Bernstein, Jim Cramer, Mark Shmulik, Quint Tatro, Andy Jassy Organizations: Bernstein Research, Joule

☆ An influencer agency is offering people $1,000 to scroll TikTok for 10 hours straight
▼ + stars: | 2023-05-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

An influencer marketing agency is offering $1,000 for a job scrolling TikTok for 10 hours straight. An influencer marketing agency is tapping into social media users' love of TikTok and offering up a dream job opportunity that will pay users to scroll TikTok endlessly. Ubiquitous, a company that helps brands grow through influencer marketing campaigns, has opened up applications for its "TikTok Watching Job 2.0" that will pay three successful applicants $100 an hour to scroll TikTok for 10 hours straight to help them discover "emerging new trends." In October, Ubiquitous offered a similar program, where winning applicants could earn $50 an hour for 12 hours on TikTok alongside other gift card perks, per the New York Post. Its format has quickly been mimicked by other social media companies including the introduction of Reels on Instagram and Shorts on YouTube.

☆ How UnitedHealth Group grew bigger than the nation's biggest banks
▼ + stars: | 2023-05-20 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

UnitedHealth Group has the highest price per share of any company on the Dow Jones Industrial Average and it's the tenth heaviest-weighted stock on the S&P 500. In fact, not only is UnitedHealth the biggest health-care conglomerate in the United States based on market cap and revenue, it's even bigger than JPMorgan Chase, the nation's largest bank. "If I had to pick one stock, only one stock to buy, I'd buy United[Health]," said Ana Gupte, principal at AG Health Advisors. "UnitedHealth Group is committed to improving the health system for everyone, advancing evidence-based practice and aligning incentives across the system to ensure people get the right care at the right time in the right place," UnitedHealth Group told CNBC. Watch the video above to learn how UnitedHealth Group grew so big and what that means for the U.S. health-care system.

☆ Sallie Krawcheck says a single decision was almost ‘the end of my career’—instead it launched her to Wall Street stardom
▼ + stars: | 2023-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Sallie Krawcheck's legendary Wall Street career almost ended soon after it began. The move was slammed by her Wall Street peers. On Wall Street, the consensus is often seen as the safest bet. You were among the first female CEOs on Wall Street. The upside to running one of these storied Wall Street firms is [that] I'm going to get to turn it around, I'm going to learn a tremendous amount, I'm going to do something no one else has done.

☆ Tesla's income falls 24% from a year ago, more price cuts to come. Here's how to play it
▼ + stars: | 2023-04-20 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's income falls 24% from a year ago, more price cuts to come. Here's how to play itJim Cramer, Mark Fields of TPG, Ross Gerber of Gerber Kawasaki Wealth and Investment Management, Vijay Rakesh of Mizuho Securities, Toni Sacconaghi of Bernstein Research and Bryn Talkington of Requisite Capital Management on what they think about Tesla.

☆ Here's why Bernstein’s Stacy Rasgon thinks Nvidia looks better long-term
▼ + stars: | 2023-03-17 | 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 EmailHere's why Bernstein’s Stacy Rasgon thinks Nvidia looks better long-termStacy Rasgon, Bernstein Research senior analyst, joins ‘Closing Bell’ to weigh in on semiconductors and why he feels good about Nvidia long-term.

☆ Analysis: China's chip sector needs more than state money to dull impact of US restrictions
▼ + stars: | 2023-03-06 | by ( Josh Horwitz | ) www.reuters.com time to read: +5 min

The government has earmarked $140 billion that could include subsidising the purchase of domestically produced chipmaking equipment, Reuters reported in December, likely benefiting manufacturers such as China's sole semiconductor lithography specialist, Shanghai Micro Electronics Equipment Group (SMEE). Just as in the aviation industry, chipmaking equipment manufacturers work closely with clients, offering long-term services including installation, calibration, maintenance and repair of machines that can cost over $100 million each. Another former top staffer at a Chinese chipmaking equipment manufacturer recounted how while working to master the etching procedure for 3D NAND Flash, the company could not perfect a critical element, namely the channel hole, or hole size. The situation could be worsened for Chinese companies should Japan and the Netherlands agree with the United States to also restrict exports of chipmaking equipment to China. "When the sanctions came out, all the American companies followed," an engineer at a Chinese memory chipmaker told Reuters.

☆ AB InBev upbeat on 'resilient' beer, China recovery
▼ + stars: | 2023-03-02 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

AB InBev's sales and earnings declined in China due to a strict zero COVID policy that was suddenly dropped in December. In the United States, AB InBev's largest market, profit and revenue increased, largely because of price increases, although those same increases, along with harsh winter weather in December, cut into beer sales in volume terms. REUTERS/Toby Melville 1 2Brewers have raised beer prices in response to higher energy and raw materials costs, and both Heineken (HEIN.AS) and Carlsberg (CARLb.CO) have warned of reduced beer consumption in Europe because of the increases. For the whole year, core profit growth was 7.2%. AB InBev also increased its full-year dividend to a proposed 0.75 euros from 0.50 euros in each of the past two years.

☆ Bernstein's Stacy Rasgon says he's betting on A.I. in Nvidia earnings
▼ + stars: | 2023-02-22 | 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 says he's betting on A.I. in Nvidia earningsStacy Rasgon, Bernstein Research, joins 'Closing Bell' to weigh in on Intel and Nvidia ahead of their respective earnings.

☆ Uber and Lyft Claim Big Gains for Their Ad Businesses
▼ + stars: | 2023-02-15 | by ( Patrick Coffee | ) www.wsj.com time to read: +4 min

Ride-hailing companies Uber Technologies Inc. and Lyft Inc. each say their nascent advertising businesses have grown significantly in recent months. PREVIEWThe ride-hailing rivals’ ad businesses are also important for the companies’ growth. Uber said increased ad revenue in the latest quarter was a key growth driver for its overall business. Lyft ad revenue increased “nearly seven times” in the fourth quarter compared with the previous quarter, according to Mr. Greenberger. But the companies’ ad prices offer a glimpse at their respective positions in the market.

☆ Semiconductor firm AMD is now big enough to experience a 'cloud digestion cycle,' says analyst
▼ + stars: | 2023-02-01 | 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 EmailSemiconductor firm AMD is now big enough to experience a 'cloud digestion cycle,' says analystStacy Rasgon of Bernstein Research discusses why AMD's data center business has been able to continue growing sequentially over the last few quarters.

☆ Bernstein's Stacy Rasgon weighs in on AMD earnings
▼ + stars: | 2023-01-31 | 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 weighs in on AMD earningsStacy Rasgon, Bernstein Research senior analyst, joins 'Closing Bell: Overtime' to weigh in on AMD earnings.

☆ Analysis: Europe Inc earnings season a test for market optimism
▼ + stars: | 2023-01-23 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

In a sign analysts were unprepared for such optimism, Citi's economic surprise indicator for the euro zone (.CESIEUR) jumped last week to its highest since July 2021. "Companies are telling us that it's going to be harder to pass on rising costs to customers in 2023 as economic growth slows," said Nigel Bolton, co-chief investment officer of BlackRock Fundamental Equities. Fourth-quarter earnings for STOXX 600 companies are forecast to have grown by 10.7% year-on-year, the slowest in two years, according to Refinitiv I/B/E/S data. Earnings are seen bouncing back to growth of 11.4% in the final quarter of the year. Analysts downgrade earnings forecastsReporting by Joice Alves Editing by Josephine Mason and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Dell looks to phase out use of all China chips by 2024
▼ + stars: | 2023-01-05 | 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 EmailDell looks to phase out use of all China chips by 2024Bernstein Research's Stacy Rasgon joins 'Closing Bell' to discuss Dell's decision to phase out all chips made in China by 2024 and who stands to benefit from the decision.

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