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☆ These companies reporting next week, including Chipotle, have a history of beating earnings expectations
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A slate of companies with a track record of beating Wall Street's expectations is teed up to report next week. Investors are anticipating results from a host of companies across different sectors next week, including media, chipmakers, pharmaceuticals and consumer products. Against this backdrop, CNBC Pro analyzed data from Bespoke Investment Group to find stocks with a history of beating their earnings expectations at least 75% of the time and subsequently rising an average of 1.5% or more after earnings were released. The company has historically beaten earnings expectations 76% of the time and has risen 1.66% afterward. The Baltimore-based company also is expected to report fiscal third-quarter earnings results before the market opens next Thursday.

Persons: Wall, AllianceBernstein, Danilo Gargiulo, Jon Tower, CyberArk, Morgan Stanley, Hamza Fodderwala, Fodderwala, Armour, —, Fred Imbert Organizations: CNBC Pro, Investment Group, Citi, Software Locations: Baltimore

☆ Ceezer just raised $11 million to bring transparency to carbon credits. Check out 12-slide pitch deck it used to secure the funds.
▼ + stars: | 2024-01-25 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewGerman startup Ceezer, which helps companies plan, buy, and manage their carbon credit portfolio, has just raised 10.3 million euros, around $11.2 million, in Series A funding. Carbon credit marketplaces and accounting tools boomed in 2021 as large companies rushed to understand and offset their emissions. They were all vying for a slice of the projected $250 billion voluntary carbon market by 2050 , where private companies buy and sell carbon credits. Carbon credits are typically bought after achieving their stated impact, but this requires project developers to have cash upfront to get started, Drewelies said. AdvertisementThe fresh funding, led by HV Capital, will be used to launch new financial products so that project developers can unlock pre-financing.

Persons: —, Magnus Drewelies, Drewelies, Ceezer Organizations: Service, Business, Siemens, HV Capital, Norrsken, Picus, Partners Locations: Berlin, New York

☆ Why Singapore is so attractive to business leaders looking to make a real difference in their careers, lives, and the world
▼ + stars: | 2024-01-19 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

This article is part of our "Business for Good" series spotlighting business leaders and companies that are driving meaningful changes from Singapore. Currently based in Singapore, he's serving as our trusted resource for the innovative projects unfolding in one of the world's most advanced and progressive business hubs. The city-state's government is nimble and efficient; the business atmosphere is open and collegial; and the quality of life is unparalleled. NesteSingapore is considered a global business hub thanks to its great sea and air connectivity, developed infrastructure, stable political and regulatory environment, and skilled workforce. Bartholomeusz shares my appreciation for Singapore's public safety.

Persons: Kris LeBoutillier, he's, It's, Steven Bartholomeusz, APAC, it's, José Pedro Borges, Borges, Maya Hari, — Hari, Hari, Terrascope Organizations: EDP Renewables, APAC, Cisco, Google, Microsoft, José Pedro Borges Companies, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, Thailand, Indonesia, New York City, Neste, Neste Singapore, Lisbon, EDPR

☆ Deutsche Bank says these two cloud stocks are top picks for 2024, sees one rallying nearly 25%
▼ + stars: | 2024-01-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Technology stocks had a banner year in 2023, but Deutsche Bank thinks there could be even more upside ahead. Although these gains may seem hard to match, Deutsche Bank analyst Brad Zelnick and his team expect software stocks to outperform in the new year. In particular, the analyst listed buy-rated Salesforce and Oracle as his two top picks for 2024. Oracle stock has climbed 3.1% in 2024 , and shares popped 29% last year. ORCL YTD mountain ORCL YTD chart "We see the multiple recovering and the stock steadily making its way out of the penalty box in 2024," the analyst wrote.

Persons: Brad Zelnick, Zelnick, prem Organizations: Deutsche Bank, Software, Oracle Locations: Thursday's

☆ 16 VCs that are funding the future of entertainment by backing generative AI and other disruptive tech
▼ + stars: | 2024-01-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +17 min

AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.

Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, ‐, Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, —, Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC

☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
▼ + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +8 min

Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.

Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental

☆ Two Amazon and Netflix alums have raised $1 million for their fintech startup that aims to disrupt entertainment and production financing
▼ + stars: | 2023-11-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Conduiit, a fintech startup that promises to save entertainment companies time and money by centralizing their production finance operations, has raised $1 million in pre-seed funding. He saw how production companies were using a hodgepodge of services to manage day-to-day transactions, as well as managing individual productions in silos, resulting in lost time and wasted expense. ConduiitCharging on a SaaS model, Conduiit lets production companies access all their compliance, management, accounting, and payment tools from a single platform. "There are two Black founders in a world that doesn't have a lot of them," said Glover of Hamilton and Thurman. Only about 1% of venture funding in 2022 went to Black startup founders, according to Crunchbase data analyzed by TechCrunch .

Persons: Hiro Mizushima, Shawn Hamilton, Hamilton, Hamilton's, Jason Thurman, who's, HBO Max, Max, John Oliver, Drew Glover, Glover, Thurman, we're Organizations: Fiat Ventures, Aperture Venture, Business, Amazon, Netflix, Disney, HBO, Jigsaw, Laylow Productions, Productions, Silicon Valley Bank, Fiat, TechCrunch Locations: Silicon, Hollywood

NXTP/Handout via REUTERS Acquire Licensing RightsMEXICO CITY, Nov 28 (Reuters) - Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday. Despite current macroeconomic headwinds, there is an "enormous" opportunity to invest in Latin American startups, said NXTP managing partner Darly Bendo. "We're seeing really low software penetration in Latin America" ranging from small-and-medium-size businesses to large corporations, he said. NXTP is now eyeing opportunities to invest the funds in startups primarily in Brazil, followed by Mexico. "It's an interesting moment to be investing in Latin America," said Busse, who pointed to buy-in from international and institutional investors in the latest fund as proof of increased demand.

Persons: NXTP, Darly Bendo, Alexander Busse, Bendo, Busse, Kylie Madry, Sonali Paul Organizations: Reuters, REUTERS Acquire, MEXICO CITY, Thomson Locations: Buenos Aires, Argentina, Handout, MEXICO, Brazil, Mexico, America

☆ I'm a recruiting manager. Here are 3 things you should lie about during your interview to land the job.
▼ + stars: | 2023-11-27 | by ( Aria Yang | ) www.businessinsider.com time to read: +5 min

A red flag answer is any response that involves being overly negative or bashing a former employer. A red flag answer will look like:"My manager was micromanaging me." AdvertisementA green flag answer will look like:"Things were going great, but I wanted to take on more challenges." AdvertisementA red flag answer will look like:"I'm looking for a remote job so I can be home with my kids." A red flag answer will look like:Advertisement"I hope to move into finance but those jobs are hard to come by.

Persons: Bonnie Dilber, —, micromanaging, Let's Organizations: Service Locations: —

☆ Meet the founder of the Failure Museum, an exclusive collection of swag from companies that went bust
▼ + stars: | 2023-11-25 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

Norwest partner Sean Jacobsohn started collecting objects from failed businesses a year ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To make it into the museum, the failure has to be a physical item — no NFTs allowed, Jacobsohn said. Some even offer to donate failed business swag as a way of getting in his rolodex. He's currently scheduled to lead a guest lecture on the subject for the class "Avoiding Startup Failure,' he mentioned.

Persons: Sean Jacobsohn, he's, it's, —, Jordan Poole, Jacobsohn, Sean Jacobsohn's, freebie, Jacobsohn's, Mattel, Allan, Ken's, Michael Cera's, Harley Davidson's, Elizabeth Holmes, He's, you've Organizations: Service, Bay Area, Norwest Venture Partners, Golden State Warriors, Business, Mattel, eBay, mater, Harvard Business School Locations: Bay, cologne

☆ Palo Alto's pullback on confusion around a key quarterly metric is a buying opportunity
▼ + stars: | 2023-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Bottom line What should we make of this Palo Alto Networks quarter? Palo Alto has two types of customers: ones that pay annually and others that pay upfront over three years. At the close of regular trading Wednesday, Palo Alto shares were up nearly 84% this year. Total revenue of $1.96 billion to $1.97 billion, with the midpoint of $1.97 billion in line with estimates. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: cybersecurity, we're, billings, Billings, there's, Nikesh Arora, haven't, We've, Arora, Jim Cramer, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Management, LSEG, billings, Alto, Billings, Palo Alto, Palo, Networks, CNBC Locations: billings, Palo, Alto, Palo Alto, Davos, Switzerland

☆ Solvimon, founded by ex-Adyen execs, has built a usage-based billing platform. It just raised $9.6 million with this 10-slide pitch deck.
▼ + stars: | 2023-11-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: 1 min

Dutch fintech startup Solvimon has raised $9.6 million in seed funding. The startup, founded by former Adyen execs, enables SaaS firms to offer usage-based pricing. Solvimon, a payments and billings startup, just raised $9.6 million in a seed round. The Dutch company, founded in 2022, has developed a billing platform that centers on usage-based pricing. "What we have seen is that the world is moving towards more flexible pricing," Kim Verkooij, Solvimon cofounder and CEO told Insider.

Persons: Kim Verkooij Organizations: billings Locations: Europe

☆ These authors interviewed 18 Harvard startup founders: Here’s the No. 1 trait that made them successful
▼ + stars: | 2023-11-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

The only founders who do it successfully share one trait in common: the resilience to navigate a rocky path filled with unforeseen twists and turns. That's a key lesson that Catalina Daniels and James Sherman took from researching for their new book, "Smart Startups: What Every Entrepreneur Needs to Know — Advice from 18 Harvard Business School Founders." "Having resilience is absolutely essential [for] the emotional makeup of a person in terms of becoming an entrepreneur," Sherman tells CNBC Make It. "If they don't have that type of resilience, they need to learn how to build it up." In fact, every founder the authors spoke to agreed that resilience was the biggest key to their success, even more than prior experience or a winning business idea.

Persons: That's, Catalina Daniels, James Sherman, Daniels, Sherman, Harvard alums, Josh Hix, Nick Taranto, Kevin O'Leary, — Anna Auerbach, Auerbach, …, they're, Hix, Warren Buffett Organizations: Smart, Harvard Business School, Harvard, Groupe, CNBC, Werk, American Psychological Association

☆ Goldman double upgrades this under-the-radar cloud stock with nearly 40% upside
▼ + stars: | 2023-11-07 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Cloud computing platform DigitalOcean is at an attractive entry point, according to Goldman Sachs. Analyst Gabriela Borges upgraded DigitalOcean to buy from sell and maintained her price target of $33, which implies the stock could jump 38.4% over the next 12 months. Borges cited the stock's significant underperformance — DigitalOcean is up nearly 6% this year, while the Nasdaq Composite has gained 30% — as an opportunity for investors. The underperformance has likely been driven by a cyclical normalization in cloud optimization spending, according to Borges. Borges noted overhang from DigitalOcean's ongoing search for a new CEO since late August.

Persons: Goldman Sachs, Gabriela Borges, DigitalOcean, Borges, DigitalOcean's, — CNBC's Michael Bloom Organizations: Nasdaq

☆ Lenovo is more than just PCs. Here's how they're focusing on sustainable and AI-focused solutions for customers.
▼ + stars: | 2023-10-30 | by ( Sponsor Post | Created Lenovo With Insider Studios | ) www.businessinsider.com time to read: +6 min

Lenovo still builds industry-leading devices, but these are seamlessly integrated with infrastructure, solutions, and services. By combining industry-leading, customer-centric intelligent devices with services such as consultancy, installation, operations, maintenance, and solutions, Lenovo is a trusted partner that turns vision into value across industries. Lenovo was an early mover, leveraging its TruScale Infrastructure Brand to launch the TruScale EaaS platform in 2021. Focusing on AIAt the heart of Lenovo's transformation is an unyielding commitment to Research and Development (R&D). As a global technology powerhouse, Lenovo is showing us that a PC company can be so much more.

Persons: ThinkReality VRX, they're, They're Organizations: Lenovo, Intelligence, Brand, Research, - Intelligence, Insider Studios

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, ”, “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, —, Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: ”, Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman

☆ SAP posts 16% jump in Q3 cloud business revenue
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsOct 18 (Reuters) - Business software maker SAP's (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday. For the full year, the company reaffirmed its cloud revenue outlook in the range of 14 billion-14.2 billion euros. "Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds," finance chief Dominik Asam said. U.S.-listed shares of the German software maker were up 2.9% after the bell.

Persons: Andrew Kelly, Dominik Asam, Kanjyik Ghosh, Shailesh Organizations: SAP, REUTERS, Thomson Locations: Reston , Virginia, U.S, Bengaluru

☆ A lot of 2023's new unicorns have been generative AI startups. Here's what to expect from the sector next year, according to Accel.
▼ + stars: | 2023-10-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Generative AI startups have made up a lot of the world's new unicorns this year. High-profile investors have jostled to back, in some cases, weeks-old startups like Mistral as the hype around generative AI intensified. Both regions also tout a batch of promising unicorns across the generative AI stack. Generative AI will become a run-of-the-mill tool"Generative AI will unlock new verticalised applications built with smaller and dedicated models and industry-specific workflows," the Accel report said. Enterprises will also jump to incorporate generative AI more seamlessly into their automation tools, per the report.

Persons: —, Phillipe Botteri, Harvey Organizations: Venture, Mistral, US, Accel Partners, Runway, Accel, EU, Stanford University, Enterprises, Big Tech, Microsoft Locations: Europe, Israel, Jasper, France, EU

☆ AI gave tech giants a $2.4 trillion boost to their market caps in 2023
▼ + stars: | 2023-10-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Nvidia's high-performance chips power many advanced generative AI models, which produce new content from huge volumes of training data. The world has been abuzz with talk about generative AI tools like OpenAI's ChatGPT, Google's Bard and Anthropic's Claude. The U.S. led the way in generative AI funding deals, with the likes of OpenAI and Anthropic raising billions. AccelIn Europe, three of the biggest generative AI company rounds came out of France — Hugging Face ($235 million), Poolside ($126 million) and Mistral AI ($113 million). In Europe and Israel, 40% of new unicorns were in generative AI; in the United States, it was 80%.

Persons: Botteri, Google's Bard, Anthropic's Claude, Philippe Botteri, they're, OpenAI, they'd Organizations: Future Publishing, Getty Images, Accel, Apple, Microsoft, Nvidia, Companies, Nasdaq, U.S, Public, CNBC, Mistral, Tech, Big Tech, FAANG, Netflix, Google Locations: U.S, Unity, Europe, Israel, France, United States

☆ 4 tech giants have cemented their AI dominance. But there's even more room for growth
▼ + stars: | 2023-10-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Nearly all tech companies will integrate generative AI by the end of 2024. Respondents said they expected to use generative AI for customer support, content generation and productivity. Google Cloud Google Cloud was the third most likely cloud provider in Oppenheimer's survey to gain future AI spending share. Salesforce and AI Oppenheimer analysts said they see "durable tailwinds for customer support, content generation and code generation, which are considered priority use cases for Generative AI." We agree with this call and are in the camp that Salesforce's generative AI tools should help reaccelerate sales growth all while balancing increasing margins.

Persons: Oppenheimer's, Oppenheimer, Piper Sandler, Copilot, Piper, we've, Salesforce, Jim Cramer's, Jim Cramer, Jim, Dado Ruvic Organizations: Microsoft, Web Services, Google, Meta, AI, Adobe, CNBC Locations: OpenAI, Jasper

☆ Morgan Stanley upgrades this cybersecurity stock that can double from here
▼ + stars: | 2023-10-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley thinks Varonis Systems could be in for major gains thanks to artificial intelligence. The firm upgraded the software stock to overweight from equal weight in a Monday note. Varonis provides security software for unstructured data vulnerable to cyber attacks. "[I]f Gen AI tailwinds become more apparent, we see the stock potentially doubling from here in our $62 bull case ... closer to higher growth SaaS and Security peers," Fodderwala. VRNS YTD mountain Varonis Systems stock.

Persons: Morgan Stanley, Varonis, Hamza Fodderwala, tailwinds, Fodderwala, — CNBC's Michael Bloom Organizations: Varonis Systems Locations: Friday's

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Colgate, Pfizer, Disney and more
▼ + stars: | 2023-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS upgrades UnitedHealth to buy from neutral UBS called the stock a "core holding." Jefferies upgrades Pfizer to buy from hold Jefferies said investors should buy the dip in shares of Pfizer. UBS initiates Evolent Health as buy UBS said it sees more upside for the health-care company. Morgan Stanley upgrades Varonis Systems to overweight from equal weight Morgan Stanley said the data security and analytics company has "underappreciated AI tailwinds." UBS upgrades Tal Education to buy from neutral UBS said a turnaround for the education tech company is underway.

Persons: Morgan Stanley, Apple, Jefferies, Goldman Sachs, Horton, Piper Sandler, Tesla, Truist, Stifel Organizations: Apple, JPMorgan, Nvidia, NVIDIA, UBS, UNH, Jefferies, Pfizer, Maplebear Inc, Disney, US Parks, Evolent Health, payors, Varonis, Nice Systems, NICE, Netflix, ISI, Tal Education, RBC, BMO, Energy, Colgate, Palmolive Locations: UNH, U.S

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Dollar General, Amazon, Meta, SolarEdge & more
▼ + stars: | 2023-10-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

HSBC initiates American Express as buy HSBC said it sees healthy earnings growth for American Express . Mizuho reiterates Meta as buy Mizuho said it's standing by its buy rating heading into earnings later this month. Bernstein reiterates Tesla as underperform Bernstein concluded in an analysis of Tesla that the company is more of an automaker than a tech company. Barclays upgrades Varonis Systems to overweight from equal weight Barclays said it sees numerous positive catalysts ahead for the software company. Northland upgrades SolarEdge to outperform from market perform Northland said investors should buy the dip in shares of SolarEdge .

Persons: Cowen, NVDA, Mizuho, Stephens, Bernstein, Tesla, underperform Bernstein, Warren Buffett, Hershey, Morgan Stanley downgrades JD.com, Morgan Stanley, Gordon Haskett, Todd Vasos, Jeff Owen, Read, Wolfe, today's, Baird, Needham, Oppenheimer, Wells, LULU, Meghan Frank, Howard Tubin Organizations: HSBC, American, American Express, Bank of America, Nvidia, Meta, Barclays, Varonis, Hershey, JPMorgan, Post Holdings, Netflix, Citi, Oshkosh, Lam Research, Materials, Supply, VP Locations: 4Q22, Northland, SolarEdge, Israel, California

☆ Check out the pitch deck that helped Kennek, a London fintech startup that helps digitize private credit providers, raise $12.5 million in seed funding
▼ + stars: | 2023-10-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Kennek, a London fintech startup that helps digitize private credit providers, has raised $12.5 million. Founded in 2021, the company offers a SaaS platform to the non-bank lending space. Kennek, a London-based fintech startup that helps private credit businesses digitize their offerings, has raised $12.5 million in seed funding, the company said Tuesday. Founded in 2021, Kennek was founded by a team of former operators in the banking and credit spaces to provide better digital tooling to the non-bank lending industry. Banks lend less than they used to, which has led to many smaller, alternative credit providers springing up to provide alternatives.

Persons: Kennek, Banks, Xavier De Pauw Locations: London

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