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☆ Goldman Sachs believes it's likely the 'Magnificent 7' beats the market again this year
▼ + stars: | 2024-02-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Given that most of the "Magnificent Seven" has surpassed consensus expectations, Goldman Sachs said the group of big technology companies could once again exceed the broader market's gains this year. So far, six of the Magnificent Seven — all but blockbuster chipmaker Nvidia — have reported fourth-quarter results. Each of the companies, with the exception of electric vehicle maker Tesla , exceeded consensus sales forecasts, and collectively posted 14% year-over-year quarterly sales growth, Kostin noted. Analysts also expect the Magnificent Seven to outperform in margin expansion over the next three years, compared with the rest of the market, he added. Shares of the Magnificent Seven raced ahead of the broader market last year.

Persons: Goldman Sachs, David Kostin, Kostin, Nvidia —, Goldman, Nvidia's Organizations: Nvidia, DoJ, FTC, Analysts, Tech, Apple, Microsoft

☆ Mark Zuckerberg's Meta wants to burst Apple's blue bubbles: WhatsApp is coming for iMessage in the US
▼ + stars: | 2024-02-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Getty ImagesThe Meta CEO reigns over an empire of social media apps that will be familiar to many Americans. Facebook bought the instant messaging app for $19 billion back in 2014, and has been able to turn it into a mega-hit across the world ever since. Such features seem to be of interest to businesses: WhatsApp's daily business users jumped 80% in the US last year, per data from Apptopia first reported by the Big Technology newsletter. 'Channels'WhatsApp is trying to offer the perks of social media without the publicity of it all. In late 2022, the Meta chief acknowledged that while there is still some time before bets on the metaverse can prove successful, "business messaging is probably going to be the next major pillar."

Persons: WhatsApp, iMessage, Mark Zuckerberg, —, Zuckerberg Organizations: Meta, Service, Apple, Bloomberg Intelligence, Facebook, Chevrolet, Samsung, Big Technology Locations: America

☆ Kantrowitz: Amazon is really an AWS company now
▼ + 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 EmailKantrowitz: Amazon is really an AWS company nowBig Technology founder Alex Kantrowitz discusses the big takeaways from earnings from Meta, Amazon and Apple.

Persons: Alex Kantrowitz Organizations: Big Technology, Meta, Apple

☆ Watch CNBC’s full interview with Fundstrat's Tom Lee, NewEdge's Cameron Dawson and Big Technology’s Alex Kantrowitz
▼ + 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 EmailWatch CNBC’s full interview with Fundstrat's Tom Lee, NewEdge's Cameron Dawson and Big Technology’s Alex KantrowitzFundstrat's Tom Lee, NewEdge Wealth’s Cameron Dawson and Big Technology’s Alex Kantrowitz, join 'Closing Bell' to discuss the Fed decision and market reaction.

Persons: Fundstrat's Tom Lee, NewEdge's Cameron Dawson, Big, Alex Kantrowitz Fundstrat's Tom Lee, NewEdge Wealth’s Cameron Dawson, Alex Kantrowitz

☆ These Apple suppliers have the most to win or lose from the tech giant's upcoming earnings
▼ + stars: | 2024-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Reverberations from Apple 's earnings report will likely be felt across the hardware sector. A cottage industry of suppliers depends on Apple and the suppliers' stocks have a history of moving in tandem with the big technology name. To find these stocks, CNBC Pro screened FactSet for companies that provide Apple with supplies and have the highest correlation in stock price over a 20-week period. In 2023, the stock climbed nearly 39%, outperforming the broader market while underperforming the technology-heavy Nasdaq Composite . The average price target on the Street implies shares can add more than 4% in the next year.

Persons: Amkor, IXIC, Wall, Apple, —, Nick Wells Organizations: Apple, Investors, CNBC Pro, Nasdaq, Wall, Qualcomm Locations: underperformance

☆ Recent tech layoffs isn't a moment where AI is replacing engineers: Big Technology's Alex Kantrowitz
▼ + stars: | 2024-01-31 | 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 EmailRecent tech layoffs isn't a moment where AI is replacing engineers: Big Technology's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Squawk Box' to discuss the mounting tech layoffs, the impact of Ai on the job cuts, and more.

Persons: Big, Alex Kantrowitz Alex Kantrowitz, Ai Organizations: Big Technology

☆ Workers are sour on the job market — but it may not be warranted
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.

Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S

☆ These companies reporting earnings this week have a history of beating expectations, Bespoke says
▼ + stars: | 2024-01-29 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

There are some companies reporting earnings this week with a track record of beating Wall Street expectations. This week is the busiest of the current corporate earnings season, with 19% of the S & P 500 set to report. About 72% of those companies have exceeded Wall Street expectations in their quarterly financial report. With this in mind, CNBC Pro used Bespoke Investment Group data to find stocks that tend to beat earnings expectations and rise on the back of their results. The Facebook parent has exceeded analysts' expectations for earnings and revenue 87% of the time, and has climbed about 1.9% on average following a report.

Persons: FactSet, Brent Thill, Tien, tsin Huang, Huang Organizations: Dow Jones, CNBC Pro, Jefferies, Mastercard, JPMorgan, Atkore

☆ I quit Amazon Prime and it was way easier than I expected. It's made me reevaluate everything.
▼ + stars: | 2024-01-28 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com time to read: +3 min

Last June, on a whim, I canceled Amazon Prime. I still regularly buy things from Amazon with free shipping, but I'm happily out on Prime. After canceling Prime, I've been able to reevaluate the necessity of that ultra-fast, free shipping and have found it mostly unneeded. AdvertisementLeaving Prime also meant the end of free Amazon Prime Video, but I've been able to bear it. If Amazon Prime members started reconsidering and discarded the service en masse, it would be trouble for the company.

Persons: I'd, I'm, I've, Max Organizations: Amazon Prime, Amazon, Netflix, Big Technology Locations: America

☆ Netflix Q4 earnings on deck: What you need to know
▼ + stars: | 2024-01-23 | 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 EmailNetflix Q4 earnings on deck: What you need to knowJason Snipe, founder and CIO at Odyssey Capital Advisors, and Alex Kantrowitz, Big Technology founder, join 'Closing Bell' to discuss Netflix ahead of the company reporting earnings.

Persons: Jason Snipe, Alex Kantrowitz Organizations: Netflix, Odyssey Capital Advisors, Big Technology

☆ Finding quality stocks in what could be a tougher year for investors
▼ + stars: | 2024-01-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors may want to look at quality names as the market stalls. In a turbulent environment, traditional market wisdom suggests investors can be best served by having exposure to quality stocks. The average price target implies a gain of 6.2% over the next year, adding to its advance of more than 56% in 2023. Wells Fargo's Michael Turrin recently hiked his price target on Microsoft to $435 per share from $425, seeing an "uplift" driven by artificial intelligence. The average analyst also anticipates a better path ahead, with a price target reflecting an upside of about 24%.

Persons: CMEGroup's, Wells Fargo's Michael Turrin, ResMed, RMD, Peter Low Organizations: Traders, Federal Reserve, CNBC, CNBC Pro, Microsoft, FactSet, Oil, Exxon Mobil, Exxon, Super

☆ DeepMind's cofounder Demis Hassabis is a chess champion who landed funding from Peter Thiel by talking about a key tension in the game
▼ + stars: | 2023-12-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBefore DeepMind's Demis Hassabis became a leading figure in AI, he was a chess master who had won multiple world championships. Hassabis told Thiel that the best chess players understood the unique strengths of the bishop and the knight, even though both pieces hold the same value. It was not only DeepMind's first significant investment but also one of Thiel's first investments outside the Silicon Valley orbit. He felt the power of Silicon Valley was sort of mythical, that you couldn't create a successful big technology company anywhere else.

Persons: —, Demis Hassabis, Hassabis, Peter Thiel, Thiel, Shane Legg, Mustafa Suleyman, he'd, It's, DeepMind Organizations: Service, DeepMind, The New York Times, Times, Google, Business Locations: West Coast, Silicon, London

☆ Sam Altman returning to OpenAI will open the floodgates in competition, says Alex Kantrowitz
▼ + stars: | 2023-11-22 | 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 EmailSam Altman returning to OpenAI will open the floodgates in competition, says Alex KantrowitzAlex Kantrowitz, founder of Big Technology, joins 'The Exchange' to discuss Sam Altman returning to OpenAI, shares of Microsoft, and more.

Persons: Sam Altman, Alex Kantrowitz Alex Kantrowitz Organizations: Big Technology, Microsoft Locations: OpenAI

☆ Watch CNBC’s full interview with CIC Wealth Malcolm Ethridge and Big Technology's Alex Kantrowitz
▼ + stars: | 2023-11-20 | 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 CIC Wealth Malcolm Ethridge and Big Technology's Alex KantrowitzMalcolm Ethridge, CIC Wealth Executive Vice President, and Alex Kantrowitz, Big Technology founder, join 'Closing Bell' to discuss their year-end playbook, market outlook, and tech sector.

Persons: Malcolm Ethridge, Alex Kantrowitz Malcolm Ethridge, Alex Kantrowitz Organizations: Big Technology

☆ This key element of ESG investing could drive real change at companies and boost returns
▼ + stars: | 2023-11-18 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

The social pillar of the environmental, social and corporate governance investing framework — known as ESG in short — has been dubbed the "middle child" largely due to data challenges. For years, the social pillar has been considered relatively nebulous and hard to quantify. And it comes despite the fact that the ESG investing framework has found itself in hot water politically. In these cases, she said the social pillar comes into play in ensuring a carbon transition is equitable and just. A fraught environmentGlobally, it appears social themes will become more clear and important to investors over time.

Persons: Michael Nagle, ESG, Michael Young, Young, They're, Marian Macindoe, Insperity, Fuller, Macindoe, that's, Yijia Chen Organizations: New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty, Sustainable Institute, BNP, Securities and Exchange, Commission, Parnassus Investments, Irrational Capital, Microsoft, Apple, Apple Hospitality, Calvert Research, Management Locations: New York, U.S, United States, Harbor, ESG

☆ OpenAI is already a company headed for a decline, says Big Technology's Alex Kantrowitz
▼ + stars: | 2023-11-17 | 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 EmailOpenAI is already a company headed for a decline, says Big Technology's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Fast Money' to talk Sam Altman's departure from OpenAI and what's ahead for the company.

Persons: Big, Alex Kantrowitz Alex Kantrowitz, Sam Altman's Organizations: Big Technology Locations: OpenAI

☆ David Tepper's Appaloosa raised its exposure to several big tech names — but not the most famous one
▼ + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Appaloosa Management's David Tepper upped his stake in a handful of big technology names in the latest quarter — with one notable exception, regulatory fillings show. Broadcom , Cadence Design and Marvell Technology were among other stocks that Appaloosa zeroed out in the quarter. KE was Appaloosa's only new holding in the latest quarter, but amounted to just a $37 million position. In fact, Tepper's top five holdings are all mega-cap tech names, according to InsiderScore. The Pitt and Carnegie Mellon grad raised his Meta and Microsoft holdings even more, each one almost a third larger by quarter's end.

Persons: David Tepper, Tepper Organizations: Meta, Microsoft, Nvidia, Securities and Exchange Commission, Apple, Broadcom, Cadence Design, Marvell Technology, Carolina Panthers football, Baidu, Holdings, American, Pittsburgh, Pitt, Carnegie Mellon grad Locations: China, Beijing

☆ Google’s C.E.O. to Take Another Turn on the Antitrust Witness Stand
▼ + stars: | 2023-11-14 | by ( Nico Grant | More About Nico Grant | ) www.nytimes.com time to read: +1 min

Testifying under oath is a task that many tech chief executives might be asked to do in the coming years, with Amazon, Meta and others facing their own antitrust court fights. Though he was never called to the witness stand to testify, Bill Gates, who was chief executive of Microsoft in the last big technology antitrust case brought by the Justice Department more than two decades ago, came across as combative and evasive in depositions. Mr. Zuckerberg has at times exasperated lawmakers with vague responses, while Mr. Altman appeared to charm senators in a hearing this year. The main duty on the witness stand for Mr. Pichai — a low-key and detail-focused executive — has been to keep the temperature low under questioning and keep to the central point of Google’s antitrust defense: that it is an innovative company that has maintained its leadership through innovation and hard work instead of illegal monopolistic behavior. The Justice Department filed its landmark antitrust suit against Google in October 2020, arguing that the company’s default-search deals with phone makers and browser companies helped it illegally maintain a monopoly.

Persons: Bill Gates, Mark Zuckerberg, OpenAI’s Sam Altman, Zuckerberg, Altman, Pichai, — Organizations: Amazon, Microsoft, Justice Department, Google

☆ Stocks making the biggest moves before the bell: Fortinet, Block, Expedia, Apple and more
▼ + stars: | 2023-11-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Fortinet — Shares dropped 23.1% after the cybersecurity company missed earnings expectations and gave a weak outlook for the current quarter. Fortinet posted $1.33 billion in revenue for the third quarter and said to expect between $1.38 billion and $1.44 billion in the current quarter. Both underwhelmed analysts polled by LSEG, who anticipated $1.35 billion in revenue for the third quarter and a current-period estimate of $1.5 billion. Revenue for the third quarter came in at $285.9 million, above the $275 million forecast from analysts polled by FactSet. Meanwhile, the company saw adjusted EBITDA at $6.1 million, while analysts had anticipated a loss of $0.6 million.

Persons: Fortinet, LSEG, Block, Bill Holdings, Bill, Expedia, Nation's, Taylor Swift, FactSet, Carvana, —, Wall, Uber, Jesse Pound, Yun Li, Michelle Fox Organizations: Apple —, Paramount, LSEG, Holdings, Revenue, FactSet, & $

☆ The advertising environment is getting tougher to navigate. How these investors are trading it
▼ + stars: | 2023-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A strong advertising market may be starting to feel the pressure from geopolitical risks erupting aboard and a higher-for-longer interest rate environment. But comments from some major technology players last week led to increasing questions that some investors have struggled to shake off. META 5D mountain Meta shares in recent trading sessions That concern added to declines in other ad-focused technology names, with Alphabet dropping nearly 10%. Instead, Tengler favors companies such as Amazon and Microsoft , which offer some, but less concentrated, exposure to advertising. Technology investor Paul Meeks is also shying away from the most popular advertising players — and big technology as a whole — until he sees a better setup for interest rates.

Persons: Susan Li, Gene Munster, Laffer, Nancy Tengler, Paul Meeks, Meeks, Roth, Rohit Kulkarni, Kulkarni, Michael Bloom Organizations: Apple, Meta, YouTube, Federal, Investments, Microsoft, Technology Locations: Israel, Munster, Ukraine

☆ The shaky stock market is making Americans feel uneasy
▼ + stars: | 2023-10-27 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Americans’ moods soured this month, largely due to a wobbly stock market. The survey also showed that Americans became more pessimistic about the economy’s outlook for the year ahead. The tech-heavy Nasdaq tilted into correction territory Thursday as shares of some Big Tech companies slipped. Meanwhile, Americans’ inflation expectations for the year ahead worsened in October, jumping to 4.2% from 3.2% in September, the highest reading since May. The Federal Reserve pays close attention to inflation expectations, particularly longer-term expectations.

Persons: Joanne Hsu Organizations: DC CNN, University of Michigan’s, Consumers, Investors, Federal Reserve, Treasury, Meta, Microsoft, Google, Big Tech, Apple, Nvidia, Fed Locations: Washington

☆ Watch CNBC’s full interview with Solus’ Dan Greenhaus, Big Technology’s Alex Kantrowitz and Evercore ISI's Mark Mahaney
▼ + 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 Solus’ Dan Greenhaus, Big Technology’s Alex Kantrowitz and Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, Dan Greenhaus, Solus Alternative Asset Management chief strategist, and Alex Kantrowitz, Big Technology founder, join 'Closing Bell' to discuss the market reaction to tech earnings and outlook for the rest of 2023.

Persons: Solus ’ Dan Greenhaus, Big, Alex Kantrowitz, Mark Mahaney Mark Mahaney, Dan Greenhaus Organizations: Asset Management, Big Technology

☆ Big Technology's Alex Kantrowitz calls the market 'jittery' for tech earnings reaction
▼ + 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 EmailBig Technology's Alex Kantrowitz calls the market 'jittery' for tech earnings reactionDan Greenhaus, Solus Alternative Asset Management chief strategist, and Alex Kantrowitz, Big Technology founder, join 'Closing Bell' to discuss the market reaction to tech earnings and outlook for the rest of 2023.

Persons: Alex Kantrowitz, Dan Greenhaus Organizations: Asset Management, Big Technology

☆ Can Big Tech earnings save the stock market? What investors should know
▼ + stars: | 2023-10-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Big technology stocks may surprise to the upside when they report results in coming days. But even a better-than-expected quarter and companies' improved earnings and revenue forecasts may not be enough to save the market from its recent reversal, according to some professional investors. That continues Tuesday with results from Alphabet and Microsoft , followed by Meta Platforms on Wednesday and Amazon Thursday, all after the market closes. The earnings setup Heading into the earnings, many companies face easier comparisons over last year. Of the largest tech stocks, Meta Platforms is expected to show rapid revenue growth acceleration, at 21%.

Persons: Adam Sarhan, there's, Ken Mahoney, bode, Gene Munster, Bernstein's Mark Shmulik, Nvidia, Munster, Sarhan Organizations: Investments, Big Tech, Netflix, Microsoft, Meta, Federal, Asset Management, Federal Reserve Locations: what's, East, Europe

[1/2] Small toy shopping cart is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. In its filing, Amazon said it "prominently and repeatedly" disclosed key terms — including price and automatic renewal — to Prime customers. Amazon also accused the FTC of seeking to punish the company through "undefined concepts" such as "manipulative" website designs. "In a case supposedly about clarity, the FTC's purported standards are unconstitutionally opaque," Amazon said. The FTC's Prime lawsuit said Amazon "under substantial pressure" from the FTC changed its cancellation process in April, before the agency filed its lawsuit.

Persons: Dado Ruvic, John Chun, Biden, Mike Scarcella, David Bario, Josie Kao Organizations: REUTERS, Amazon Prime, Federal Trade Commission, Amazon, Wednesday, U.S, District, FTC, Amazon.com, Thomson Locations: Seattle, Chun's Seattle

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