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You can grab some of the best deals of the year on gaming laptops from Alienware, Asus, and MSI. View at AmazonThe best Prime Day Apple MacBook dealsIf you're looking to buy any of Apple's MacBook laptops, now would be the time to do it. Apple's M3 MacBook Air offers the best bang for the buck for most people with fantastic performance and quality. Most people don't need the M3 Pro or M3 Max models, unless you want them for graphically intensive work. For gaming, even though Apple has made great strides in gaming performance, there's realistically only one option — a Windows gaming machine.

Persons: it's, Apple Organizations: Business, Asus, Max, Samsung, HP, Dell, Acer, Google, Amazon, MSI, Apple MacBook, Air, MacBook, Apple, MacBook Air, Intel, AMD, AAA, Amazon Prime

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Microsoft, Amazon, Advanced Micro Devices and more
▼ + stars: | 2024-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on the iPhone maker to $273 per share from $216. Morgan Stanley downgrades BP to equal weight from overweight Morgan Stanley downgraded the oil major due to "weak earnings." Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it has "increased clarity" on AI monetization. Citi names KLA Corp. a top pick Citi raised its price target on the semiconductor equipment maker to $980 from $760. Morgan Stanley downgrades Rocket Lab to equal weight from overweight Morgan Stanley said it sees a "limited catalyst path" for the space company.

Persons: Morgan Stanley, Apple, Morgan Stanley downgrades, TD Cowen, Teck, Baird, CARR, Zeta, John Donovan, AAPL, Wells, Tesla, underperform Wells, it's, Evercore, it's bullish, DDOG Organizations: Netflix, Nvidia, Devices, AMD, Citi, Electronic Arts, College Football, BMO, Teck Resources, JPMorgan, Biosciences, Zeta Global, Citi downgrades Bank of New York Mellon, Bank, New York Mellon, Apple, IOL, Amazon, UW, CIO, Susquehanna, Caesars, MGM, PENN, Bank of America, KLA Corp, OW, Department of Defense Locations: 2H24, Dell, Teck, TSLA, Las Vegas

☆ Jefferies names 'yet-to-be discovered AI play' in Taiwan, giving it 42% upside potential
▼ + stars: | 2024-07-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Jefferies has identified a lesser-known and potentially undervalued Taiwanese company poised to benefit from the growing artificial intelligence sector. The investment bank said Insyde Software, listed on the Taipei Exchange, is well positioned to capitalize on the increasing demand for AI-enabled personal computers and servers. Jefferies initiated coverage of Insyde with a research note titled "Firmware Leader and Yet-to-be Discovered AI Play" on July 9 with a "Buy" rating and a price target that suggests a potential 42% upside from current levels. However, the stock has already risen by more than 30% since the ratings action, according to FactSet data, which shows the stock currently offers 17% upside potential. Founded in 1998, Insyde has established itself in the firmware industry, commanding over 50% market share in the personal computer segment, Jefferies suggests.

Persons: Jefferies, Insyde, Matt Ma, — CNBC's Michael Bloom Organizations: Interactive, Microsoft, Nvidia, Qualcomm, Intel, Dell, HP Locations: Taipei, Taiwan

☆ ‘Even Jordan doesn’t have his face on a sneaker’: How Stan Smith became both a tennis and fashion icon
▼ + stars: | 2024-07-11 | by ( Matias Grez | ) edition.cnn.com time to read: +11 min

CNN —Depending on your age, the name Stan Smith probably means one of two things. Even Jordan doesn’t have his face on a sneaker.”Stan Smith during his victorious 1972 Wimbledon run. The rise in popularity of the Stan Smith sneaker coincided with a slump towards the end of his tennis career and it began permeating a wide array of cultures in the UK and US. “It was one of my goals to win that tournament,” Smith says. Stan Smith, Ilie Năstase and Tom Okker at a meeting of the Association of Tennis Professionals (ATP) in London, 20th June 1973.

Persons: Stan Smith, ” Smith, “, it’s, ”, Cari, Jordan doesn’t, ” Stan Smith, Danny Lee, Smith, that’s, Stan Smith sneaker, David Bowie, ’, Pharrell Williams, Robert Haillet sneaker, Nicolas Armer, Horst Dassler, Donald Dell, Adidas Robert Haillet, Gary Aspden, ” Arthur Ashe, Arthur Ashe, Henry Burroughs, Ashe, ” Dell, Lyndon Johnson, Ashe couldn’t, Bob Lutz, LeBron James ’, Dell, Martin Luther King Jr, Tony Duffy, Allsport, Ashe’s, Arthur, ” Lee, Smith’s, Mark Mathabane, Marjory, Mathabane, Roger Jackson, wasn’t, Niki Pilić, Pilić, Smith –, Ilie Năstase, Tom Okker, Michael Webb, Stan Organizations: CNN, Adidas, Wimbledon, Hulton, Beastie Boys, Davis, Pasadena Tennis, US Davis, USA, Los Angeles Tennis Club, Americas, Civil, wouldn’t, Star ”, South, University of South, Central Press, International Tennis Federation, ‘, Yugoslav Tennis Association, Tennis, Association of Tennis Professionals, Keystone Locations: Young, Paris, USA, French, Wimbledon, Pasadena , California, Pasadena, American, Mexico, America, Vietnam, Houston , Texas, United States, South Africa, Beverly Hills, Soweto, Alexandria, South African, Johannesburg, University of South Carolina, ‘, London, ’

☆ The 'AI laggard' trade could be ready to work again, benefiting these stocks
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

We think so," Melius analyst Ben Reitzes said in a research report on Monday. We think infrastructure software may be harder to disrupt," the Melius analyst said. Apple, AMD and Intel should benefit from looming product cycles and an eventual easing of cloud capital expenditures spending, according to Reitzes. For Apple, the analyst believes consumers will favor its iPhone 16 out in September given its "Apple Intelligence" AI capabilities. His price targets on Intel and AMD suggest the stocks can advance some 16% and 22%, respectively, over the next year.

Persons: Ben Reitzes, Melius, Reitzes Organizations: Apple, AMD, Research, VanEck Semiconductor, Intel, IBM, Devices, Apple Intelligence Locations: Monday's, Turin

☆ They blocked Elon Musk’s massive payday. Now they want $7 billion for it
▼ + stars: | 2024-07-09 | by ( ) edition.cnn.com time to read: +3 min

The legal fee represents a cut of the value that the plaintiff’s lawyers say was created for Tesla by a Delaware judge’s January ruling that rescinded Musk’s $56-billion pay package. The Musk case took a dramatic turn when Tesla shareholders in June voted to ratify Musk’s pay, which Tesla has argued corrected the flaws in the 2018 process that McCormick identified in her ruling. The company argues that Musk’s pay package has been restored and that Tornetta’s legal victory has been transformed into a loss. McCormick may take weeks or months to rule on the legal fee. The Delaware Supreme Court is considering a $267 million fee request in a shareholder class action involving Dell Technologies and that decision could provide fee guidance.

Persons: Elon Musk’s, Richard Tornetta, Tornetta, John Reed, ”, Chancellor Kathaleen McCormick, Bernstein Litowitz Berger, Grossmann, Greg Varallo, Tesla, Varallo, ” Varallo, Reed, McCormick Organizations: Delaware CNN, Tesla, Musk’s, Enron, Stanford Law School, Delaware Supreme, Dell Technologies Locations: Wilmington, Delaware

☆ Some workers say they're still 'coffee badging,' or swiping into work to show their faces before quickly returning home
▼ + stars: | 2024-07-09 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Read previewMonths after "coffee badging" was coined, some workers are still using the move to avoid having to work from the office … sort of. They're still going to the office, it's true; they're just not spending much time there. The continued practice of coffee badging highlights the resistance some companies are facing as they attempt to increase office attendance after shifting to hybrid or fully in-person attendance. Business Insider previously reported that Dell, meanwhile, is implementing a color-coded system to grade office attendance for hybrid workers. Are you coffee badging at work, or do you have another work story to share?

Persons: —, They're, they've, haven't, Dell, Wells Organizations: Service, Owl Labs, Business, Labs, Bank of America, Wells Fargo

☆ Why our stocks tied to AI and dependent on housing are rallying in a mixed market
▼ + stars: | 2024-07-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Monday market: Stocks were mixed with the S & P 500 and Nasdaq hovering around their all-time highs and the Dow off slightly. Last week's rally was driven by the Magnificent Seven stocks, with Club names Apple , Amazon , Alphabet , Meta Platforms , and Microsoft closing at highs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Corning, Stanley Black, Decker, —, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow, Apple, Microsoft, Nvidia, Broadcom, Dell, Devon Energy, Grayson, Energy, Costco, Telsey, Jim Cramer's Charitable Locations: Meta, Lowe's, Whirlpool, Williams, Sonoma, Williston, Devon

That's why I've gathered the best Independence Day deals to help make shopping easier. The best Independence Day mattress salesMattress stores love an occasion to hold a sale, and the 4th of July is no exception. For the holiday, prices match those we saw during Presidents Day and Memorial Day from Leesa, Casper, and Mattress Firm. Amerisleep : Get $500 off any mattress with the promo code JULY500: Get $500 off any mattress with the promo code Awara : Get up to 50% off mattresses. The best Independence Day tech salesWhen it comes to tech like TVs, smart speakers, and headphones, you're probably better off waiting for Amazon Prime Day coming on July 16.

Persons: I've, I'd, Burrow, Lily, That's, Eddie Bauer Organizations: Business, Amazon, Independence, Amazon Prime, Mattress, Luxe, Abt, eBay, GE, LG Locations: Thermacell, Leesa, Casper

☆ 10 things to watch in the stock market Wednesday after the S&P 500's record close
▼ + stars: | 2024-07-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Loops Capital raised its price target for off-price retailer TJX to $125 from $115. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating. Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating.

Persons: Tuesday's, depletions, Jefferies, Eli Lilly, Lululemon, Baird, BTIG, Dell, Amphenol, Jim Cramer's, Jim Cramer, Jim, John Thys Organizations: Constellation Brands, Pepsico, Cowen, Nike, MGM Resorts, Bank of America's, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: Zeebrugge, Belgium

☆ This fund manager beating the market is betting AI stocks like Micron will outperform again in second half
▼ + stars: | 2024-07-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The second half of the year is underway, and investor Andrew Graham thinks technology stocks will continue to lead the market higher. Investors have debated whether technology stocks can sustain their lofty gains, or if the market rally is due to broaden. The investor likes semiconductor names such as Nvidia and Micron , which he said should benefit from the ongoing memory cycle. MU YTD mountain MU year to date Outside of tech, Graham favors industrials, which are adjacent to the AI theme. The portfolio manager also has positions in NextEra Energy , which he thinks is primed to capitalize on AI.

Persons: Andrew Graham, Graham, —, industrials, that's, Eli Lilly, Capital's Organizations: Nvidia, Investors, Jackson, Capital, CNBC, Micron, MU, Arista, Dell, Arm Holdings, Broadcom, NextEra Energy Locations: Eaton, Graham, U.S

☆ Paris Haute Couture Week 2024: Modern-day villains, deceptive celebrity cameos and a dress with 42,000 hooks
▼ + stars: | 2024-07-01 | by ( Alice Pfieffer | ) edition.cnn.com time to read: +9 min

Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week and Haute Couture Week. In the wake of last week’s Haute Couture Fashion Week and in the midst of the decisive French elections, a general sense of unrest is palpable in the country. Peter White/Getty ImagesThe collection explored refined elegance. Gowns with the flair of theater costumes (a distinct departure from his ready-to-wear garments) turned haute couture into an escape from reality. Courtesy Robert WunAt Robert Wun, on the other hand, each silhouette evolved to a different element.

Persons: “ Couture, Louis XIV ”, Alice Litscher, Chanel, Virginie Viard, Karl Lagerfeld’s, Garnier, Peter White, ”, Guillaume Henry, —, Rose, Carl Jung, Charles de Vilmorin, Robert Wun's sartorial, Robert Wun, Iris Van Herpen, Emmanuel Farge, Iris van Herpen, Victor Virgile, ArdAzAei, Bahareh Ardakani, Viktor, Rolf’s, Rolf's, Rahul Mishra’s, “, Dior, Alexis Stone’s, Miranda Priestley, Cristobal Balenciaga’s, Jean Paul Gaultier, Swan, Jean, Paul Gaultier, Courrèges Nicolas Di Felice, tulle Organizations: CNN, Paris Fashion, Couture, Paris CNN —, Paris’s Institut, Institut Marie Curie, Olympic Locations: Paris, Patou, India

☆ Shadow AI is a growing threat. Here are 3 ways organizations can safeguard their data.
▼ + stars: | 2024-06-28 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Shadow AI, or the unsanctioned use of technologies such as GenAI, has emerged as a critical threat for organizations trying to secure corporate IP and data. For organizations getting started with GenAI, it's important to understand why shadow AI is dangerous to best identify how to address it. Why shadow AI presents a credible threatMicrosoft and LinkedIn report1 that 78% of employees are "bringing their own AI technologies to work," (BYOAI) a softer way of describing shadow AI. Shadow IT and shadow AI share the same low barrier to entry and platform dynamics. Dell Technologies is a leader in the growing open ecosystem that is helping organizations build, test, and deploy GenAI services.

Persons: Clint Boulton, ESG, RAG Organizations: Microsoft, LinkedIn, Research, Enterprise Strategy Group, Amazon Web, Dell Technologies, Dell, Insider Studios

To help you browse the best ones going on now, I've rounded up the best 4th of July sales below. The best 4th of July electronics and appliances sales Appliances and electronics are notorious for their hefty price tags, which makes sales like these priceless. In time for the warming weather, I'm seeing some great price drops on air conditioner picks from our guides to the best portable air conditioners and the best air conditioner units. Burrow The best 4th of July home and kitchen dealsIt's a good time to buy furniture, whether you're shopping for indoor or outdoor pieces. SaatvaThe best 4th of July mattress dealsMattresses are on sale most of the year, it's true.

Persons: it's, We'll, BioLite, Abt Friedrich, Friedrich, AJ, AJ Madison Traeger, TCL, Rumpl, Kit, Burrow, Lauren Savoie, Hannah Freedman, Cha, they're, you'll Organizations: Business, Ikea's, Steam, LG, GE, Amazon Prime, Abt, eBay, Energy, AJ Madison, Independence, Samsung, Apple AirPods, Apple, Amazon, GE Gaming, Day, tote Locations: Burrow, Kyusu, Cha Kyusu, Brooklyn, Lo

☆ MoviePass CEO: The sooner you learn to embrace failure, 'the faster you get to what works'
▼ + stars: | 2024-06-28 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

He says it has been "remarkable to have the opportunity" to build the company back up. "It's almost biblical, it doesn't happen," Spikes tells CNBC Make It. "There's a few folkloric experiences like Steve Jobs returning to Apple or Michael Dell returning to Dell Computers when the companies were in trouble. I think MoviePass is the first time where the company had shut its doors and went down to zero, operationally." "It shows you you weren't crazy for what you were trying to build," he tells Make It.

Persons: Stacy Spikes, MoviePass, Spikes, Steve Jobs, Michael Dell Organizations: CNBC, Apple, Dell Computers, Comcast's, Labs, Spikes

☆ These are the most expensive S&P 500 stocks heading into the second half
▼ + stars: | 2024-06-27 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Artificial Intelligence plays Top AI plays were among the list of expensive stocks in the S & P 500, including Broadcom , Lam Research , Intel and Super Micro Computer . Each stock's price-earnings ratio equates to a roughly 60% to 66% premium over the historical average. SMCI YTD mountain Super Micro Computer stock. Super Micro Computer, meanwhile, has continued to ride the AI wave despite some weakness last month after third-quarter revenue missed analyst expectations. The stock's trailing 12-month price-earnings ratio is also more than double its five-year average, at a 63% premium.

Persons: Elon Musk, Daron Acemoglu, Goldman Sachs, Eli Lilly Eli Lilly, Eli Lilly, Biogen's Leqembi Organizations: CNBC Pro, Nvidia, CNBC, Stock, Artificial Intelligence, Broadcom, Lam Research, Intel, Micro, Super Micro Computer, Computer, Wall, Bank of America, Micro Computer, Dell, Massachusetts Institute of Technology, U.S . Food, Drug Administration Locations: U.S

☆ The $7 billion Purdue bankruptcy plan giving the Sacklers immunity from more lawsuits gets nixed by Supreme Court
▼ + stars: | 2024-06-27 | by ( Jack Newsham | ) www.businessinsider.com time to read: +3 min

Read previewThe US Supreme Court has struck down a $7 billion bankruptcy plan for Purdue Pharma that would have protected the Sackler family from further lawsuits — a ruling that could mean "chaos" for other big legal liability cases. The Sackler family, which ran Purdue, agreed to provide up to $6 billion in funding in exchange for immunity from further legal action. Anne Andrews, a leading bankruptcy lawyer for victims, predicted tumult if the Supreme Court struck down the Purdue plan in an interview with Business Insider ahead of the decision. Related stories"The U.S. Supreme Court got it right — billionaire wrongdoers should not be allowed to shield blood money in bankruptcy court," he said. Its plan, which would provide $2.5 billion, is currently on appeal in the Third Circuit Court of Appeals.

Persons: —, Sackler, Anne Andrews, William Tong, wrongdoers, Johnson, Leigh O'Dell, Beasley Allen, J's Organizations: Service, Purdue Pharma, Purdue, Business, Sackler, U.S, Supreme, Justice Department, J, Boy Scouts of Locations: Boy Scouts of America

☆ Bronny James picked up by the Lakers in second round of NBA draft
▼ + stars: | 2024-06-27 | by ( David K. Li | Rebecca Cohen | ) www.cnbc.com time to read: +2 min

Bronny James #0 of the Sierra Canyon Trailblazers is greeted by his father and NBA player LeBron James after defeating the the Perry Pumas in the Hoophall West tournament at Footprint Center on December 11, 2021 in Phoenix, Arizona. James was picked up by the Los Angeles Lakers, where he will join father LeBron James on the court next season, during the second round of the draft on Thursday. The first round of the NBA Draft came and went Wednesday night without Bronny James being called out at Barclays Center in Brooklyn. LeBron James has until Saturday to decide whether he wants to stay with the Lakers, where he's played since 2018-19. At the ancient basketball age of 39, Lebron James remarkably remains one of the game's most dynamic players.

Persons: Bronny James, LeBron James, James, he's, Dell, Steph Curry, Lebron James Organizations: NBA, Perry Pumas, Footprint Center, Los Angeles Lakers, Barclays Center, Lakers, University of Southern, USC, Southern Locations: Phoenix , Arizona, Brooklyn, University of Southern California

☆ Bosses are using 'silent lay-offs' and 'quiet firing' to get rid of employees. It could backfire.
▼ + stars: | 2024-06-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

But the latest workplace trends — "silent layoffs" and "quiet firing" — could be the most harmful to date. Silent layoffs occur when a company provides staff with severance packages but asks them to keep quiet about the details of their exit. Amit Rawal, a management lecturer at City University of London's Bayes Business School, told BI that silent layoffs have become "increasingly popular across larger corporations." Related storiesThe goal of silent layoffs is likely to minimize the amount of negative traction the company receives. Advertisement'A PR disaster waiting to happen'Experts told BI that quietly getting rid of employees could easily backfire when employees opt to fight back and speak out.

Persons: —, PwC, Mohamed Kande, Amit Rawal, Eloise Skinner, it's, Skinner, Lucas Botzen, Suzanne Horne, Paul Hasting, Evan Nierman, Banyan, Dan Buckley, Buckley, Nierman, Horne Organizations: Service, Business, Financial Times, PwC Global Network, Europa Press, City University, London's Bayes Business, National Labor Relations, CNN, National Labor Relations Board, Dell, Workers, Amazon, BBC

☆ China's historic moon mission is just the start of its plans to dominate space
▼ + stars: | 2024-06-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

On Tuesday, its Chang'e-6 lunar probe successfully returned to Earth carrying the first-ever samples from the moon's far side. They signify China's growing prowess in orbit, as well as its potential to someday leapfrog the US in the race to dominate space. The moon's far sideThe moon's far side is considered particularly challenging to explore because of its craters and the difficulty of maintaining communications with vehicles landing there. The latest mission, which launched on May 3, is China's second successful landing on the moon's far side, with the first launched in 2019. The space race heats upChina is now rivaling the US and Russia as a leading space power.

Persons: —, Astrobiotic, Simone Dell'Agnello, Xi Jinping, Bill Nelson, it's Organizations: Service, Earth, Business, NASA, Wall Street, Analysts, Pentagon Locations: China, Mongolia, Russia

☆ Nvidia slides 13% in three days after briefly becoming most valuable company
▼ + stars: | 2024-06-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Since briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Nvidia's decline brought with it a slide in chipmakers and other tech companies that have been tied to the artificial intelligence boom. Super Micro Computer , which sells servers packed with Nvidia's AI chips, slid 8.7 percent, and Dell , which competes in that market, fell 5.2%. Last week, it topped Apple and Microsoft as the most valuable U.S. company with a market capitalization over $3 trillion before giving up some of those gains. Later this year, Nvidia will start shipping its next-generation AI chips, called Blackwell, that some analysts say could kick off another cycle with significant growth for the chipmaker and its partners.

Persons: it's, Stephanie Link, Blackwell, Ray Wang Organizations: Nvidia, Micro Computer, Dell, Qualcomm, Broadcom, Apple, Microsoft, CNBC, Google, Oracle, Meta, Constellation Research Locations: U.S

☆ High valuations of Apple and Microsoft get a pass. Nvidia does not but should
▼ + stars: | 2024-06-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Sure enough, the next day began a historic ascent of Apple stock, an in-your-face rally that many thought made no sense. There's a coalescence of two themes, high speed, accelerated computing and increasingly intelligent AI, and neither works without Nvidia chips. I know that it seems impossible to ponder Nvidia's stock going any higher or passing Apple and Microsoft and staying ahead of it. Ask yourself, does any company match Jensen and Nvidia right now? I say let others be baffled over the Apple versus Microsoft versus Nvidia conundrum.

Persons: WWDC, Tim Cook, Tim, Claude, hasn't, Moore, Elon Musk, Nvidia's, Jensen Huang, Jensen, Ben Franklin, Franklin, Da Vinci, — Jensen, Steve Jobs, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Developers, Microsoft, Club, Dell, HP Inc, PC, Micron, Nvidia, Computers, Intel, AMD, Pentium, Taiwan Semiconductor Manufacturing Co, Franklin Institute, Oracle, Google, GTC Conference, Cisco, Jim Cramer's Charitable, CNBC Locations: Philadelphia, Rome, Jensen

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ UBS says AI may be one of the 'largest investment opportunities in human history.' Here's the bank's 4-step approach for investing in the technology.
▼ + stars: | 2024-06-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Big Tech companies are pouring billions of dollars into building data centers to train it. The AI Value ChainAccording to UBS, investors should approach the overall AI industry as three interconnected layers: enabling, intelligence, and application. By understanding the major players in the AI space and investing in the most critical parts of the AI value chain, according to UBS. The bank predicts that the AI landscape will be marked by "vertically integrated" and "monolithic" firms with the scale to reach across the AI value chain. However, its stock hasn't seen the price appreciation that domestic tech companies have, suggesting that there's ample room for valuations to expand.

Persons: Ulrike Hoffmann, UBS's Organizations: Service, Apple, Big Tech, UBS, Business, Nvidia, Dell, Broadcom Locations: China

☆ Stock market today: US stocks close mixed but gain for the week as the AI trade stumbles
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks finished the week higher even as the AI trade showed signs of exhaustion. Some economists are calling on the Fed to cut interest rates in July as the risk of a recession grows. AdvertisementUS stocks closed mixed on Friday but finished the week higher even as the artificial intelligence trade showed signs of stumbling. Leading the market higher this week was the Dow Jones Industrial Average, which was up nearly 2%. The S&P 500 and Nasdaq 100 finished the week higher by about one-half of a percent.

Persons: Dow Jones, —, Claudia Sahm, Sahm, I'm Organizations: Nasdaq, Service, Dow Jones, Nvidia, Broadcom, Dell, Federal Reserve, CNBC

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