DIRS.INFO The most relevant business & tech news

☆ JPMorgan says 'all roads' of the AI boom lead to this global chip manufacturer that's trading at a 50% discount
▼ + stars: | 2024-03-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking to bet on the artificial intelligence boom may want to take a look at Taiwan Semiconductor Manufacturing , according to JPMorgan. Analyst Gokul Hariharan reiterated his overweight rating on the semiconductor maker, a supplier to chip majors such as Nvidia , Advanced Micro Devices and Qualcomm , saying that "all roads in AI semis lead" to the company. Within the next three to four years, Hariharan expects Taiwan Semiconductor to maintain its greater-than 90% market share of AI-connected processor silicon. By 2026, he forecasts the company's revenues can hit $119 billion, driven by robust growth in high-performance computing as AI training and inference demand grows. A solid setup for the company's 3 nanometer process technology for chipmakers such as Nvidia should also benefit revenues.

Persons: Gokul Hariharan, Hariharan Organizations: Taiwan Semiconductor Manufacturing, JPMorgan, Nvidia, Devices, Qualcomm, Taiwan Semiconductor, SOX, AMD, Broadcom, Marvell, Hariharan Locations: Taiwan

☆ More startups are paying for ChatGPT as generative AI becomes a go-to tool for tech employees like engineers
▼ + stars: | 2024-03-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.

Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub

☆ Apple announces its annual developers conference is set for June 10
▼ + stars: | 2024-03-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +1 min

CNN —Apple announced its annual Worldwide Developer Conference will kick off on June 10, when the company is expected to show off its latest AI advancements. The conference, which is widely anticipated each year as a major showcase for Apple software news, will run Monday, June 10 through Friday, June 14. Although last year’s WWDC focused on the unveiling of the Vision Pro mixed reality headset, which launched in stores in February, this year is expected to turn to Apple’s AI efforts. A partnership with Google would catapult Apple into the growing AI arms race. In a press release on Tuesday, the company said WWDC 2024 will also share software updates coming to the iPhone, iPad, Mac, Apple Watch, Apple TV and Vision Pro headset.

Persons: CNN —, WWDC, they’ve, — Organizations: CNN, CNN — Apple, Apple, Google, Apple Watch

☆ 3 ways Apple’s monopoly lawsuit could change the iPhone experience for fans
▼ + stars: | 2024-03-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Apple added that the lawsuit could empower the government “to take a heavy hand in designing people’s technology.”But if successful, the lawsuit could ripple across Apple’s products and services. Anna Moneymaker/Getty ImagesChanges to the App StoreIf found liable, the company could be forced to change a number of things. One such change is how iPhone users could get greater access to “super apps” that have been largely restricted before. More open servicesAnother likely change is how hardware from other companies, such as smartwatches, will interact with the Apple range of devices and software, including the iPhone and Apple’s services like Fitness+. But Apple’s success stems in part to its tight grip on its products and services, keeping things intuitive and seamless.

Persons: Biden, Apple, here’s, General Merrick Garland, Anna Moneymaker, Dipanjan Chatterjee, Forrester, ”, Chatterjee, it’s, David McQueen, ” McQueen, ” Chatterjee Organizations: CNN, Apple, Department of Justice, ”, Apple Watch, ABI Research Locations: Washington ,, innovating

☆ Sam Altman's act may be wearing thin
▼ + stars: | 2024-03-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking into how some in Silicon Valley are starting to sour on OpenAI's Sam Altman . AdvertisementFrom hardball tactics when raising funds to relentless self-mythologizing about his role in the future of tech, Altman's act is wearing thin on some . Even VCs uninterested in AI deals are quickly becoming servants to Altman's AI empire. Big market, fall hard.

Persons: —, Baltimore's Francis Scott Key, Sam Altman, Alastair Grant, Rebecca Zisser, Darius Rafieyan, Altman, Elon Musk, à, Steve Jobs, VCs, Samantha Stokes, Eric Baradat, Torsten Slok, David Rosenberg, BofA, Drew Watson, Birkin, Abanti Chowdhury, Elon, Don Lemon, that's, Musk, Mark Zuckerberg, Google's, Meta, Dave Calhoun, Aaron Schwartz, Adam Neumann, Neumann, Robert F, Kennedy Jr, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Baltimore Fire Department, Tech, Apple Vision, NFL, ChatGPT, Kruze Consulting, Apollo Global Management, Federal Reserve, Bank of America, Abanti, Getty Images, Street Locations: Silicon Valley, Plenty, Big, Orlando, New York, London, Chicago

☆ Target's collection with Diane von Furstenberg is another step in the right direction for the brand as it leans into luxury for less
▼ + stars: | 2024-03-26 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Read previewDiane von Furstenberg has been a household name since the '70s. Despite her place in the luxury world, von Furstenberg partnered with Target and her granddaughter, Talita von Furstenberg, to create a limited-edition collection for the store. Samantha Grindell/Business InsiderThe store has also been leaning into celebrity and top brand-name partnerships to level up its offerings. After seeing it in person, Target's collaboration with von Furstenberg seems like a natural progression of its brand strategy as it continues to offer products that feel luxurious for less. Shop the Diane von Furstenberg x Target collection.

Persons: —, Diane von Furstenberg, Forbes, Jeffery Bezos, von Furstenberg, Talita von Furstenberg, Samantha Grindell, Sally Hansen, Sergio Hudson, Christopher John Rogers, Joanna Gaines, Kendra Scott, Stanley Organizations: Service, Fashion, Target, Business, tote, Valentine's Locations: Brooklyn

☆ King Charles' nephew says the monarch is 'hugely frustrated' amid his cancer treatment
▼ + stars: | 2024-03-25 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Peter Phillips gave an update on King Charles' cancer during an interview with Sky News Australia. Phillips said his uncle was "frustrated" that his cancer and treatment were preventing him from working. Buckingham Palace announced the king was undergoing treatment for cancer in February. AdvertisementKing Charles is impatient to get back to work amid his cancer treatment, a royal family member has said. This story is available exclusively to Business Insider subscribers.

Persons: Peter Phillips, King Charles ', Phillips, —, Charles, Princess Anne, Mark Phillips, Queen Elizabeth II, Prince Philip's Organizations: Sky News Australia, Buckingham Palace, Service, Sky News, Handa, Business Locations: Buckingham

☆ A Georgia home designed to look like Disney's Haunted Mansion is on sale for $2.2 million. Take a look inside.
▼ + stars: | 2024-03-25 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

A former Disney contractor made a replica of Disneyland's Haunted Mansion in Duluth, Georgia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But one Georgia homeowner took his home to another level by making it a replica of one of his favorite places: Disneyland's Haunted Mansion. Now, the home, which is filled with nods to the Disney attraction, is on sale for $2.2 million. Take a look inside the one-of-a-kind property.

Persons: — Organizations: Disney, Service Locations: Duluth , Georgia, Georgia

☆ JPMorgan says this tech stock that's tripled this year can keep going as it helps lead the AI revolution
▼ + stars: | 2024-03-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Super Micro Computer's red-hot run should continue as it powers the artificial intelligence revolution sweeping Wall Street, according to JPMorgan. Analyst Samik Chatterjee initiated coverage of Super Micro Computer with an overweight rating as the company leads the AI compute market "still in its infancy." Supporting the target and a next-twelve months EPS multiple of 36 times is an expectation for rapid growth and earnings upside within the AI server market. SMCI YTD mountain Super Micro shares year to date Driving ongoing upside is an expectation for rapid growth in the server market. This suggests that Super Micro will conservatively gain 10% to 15% of the AI server market.

Persons: Samik Chatterjee, Micro's, Chatterjee Organizations: JPMorgan, Computer, Super

☆ Premarket stocks: Rate cut in June or July? What matters is the Fed wants to get started
▼ + stars: | 2024-03-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

[About 70% of investors now think a rate cut will occur in June, according to the CME FedWatch tool.] Goldman Sachs is currently predicting a 15% chance of recession over the next 12 months, down from 35% last year. Seeing that happen made us more confident that the Fed wouldn’t be forced to cause a recession in order to get inflation down. The reason we say 15% risk is because that is roughly the historical unconditional average. So a 15% recession rate is baseline for you, it will never go below that number?

Persons: Dow, Bell, David Mericle, Goldman Sachs, It’s, it’s, we’ve, I’m, Samantha Delouya, authority’s, ” United, Joe Biden Organizations: New, New York CNN, Federal Reserve, Dow Jones, Goldman Sachs ’, Bell, National Bureau of Economic, FAA, United, Federal Aviation Administration, United Airlines, United Boeing, ”, Federal Communications Commission, Program, Lawmakers, ACP, FCC Locations: New York, We’re, Medford , Oregon

☆ Snowstorm across Plains and Midwest brings heavy snow and blizzard conditions
▼ + stars: | 2024-03-24 | by ( Robert Shackelford | Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

CNN —A powerful winter storm is pummeling parts of the Central Plains with blizzard conditions and is set to drop a blanket of snow from Colorado to Minnesota through Tuesday, threatening widespread power outages and treacherous road conditions. Blizzard warnings extend from northern Colorado and Kansas into parts of Minnesota, Nebraska and South Dakota on Monday. Amy Forliti/APLast week, a storm dumped snow from the northern Plains to the Northeast. Many power lines were grounded across Maine after the storm blew through, according to Central Maine Power. The event increased the likilihood of seeing the Aurora Borealis in parts of the Pacific Northwest, Northern Plains, Great Lakes and interior Northeast overnight Sunday.

Persons: Amy Forliti, King Salmon, CNN’s, Samantha Beech, Nic F, Anderson Organizations: CNN, National Weather Service, Dakotas, Central Maine Power, Geological Survey, Geophysical Institute of Alaska, Prediction Locations: Plains, Colorado, Minnesota, Midwest, Great Lakes, Colorado and Kansas, Minnesota , Nebraska, South Dakota, Upper Midwest, Nebraska, North Platte, New Mexico, Wisconsin, Como, St, Paul , Minnesota, Maine , New Hampshire, Vermont, Maine, New Hampshire, New York, Aurora, Pacific Northwest, Northern Plains, Seattle, Chicago , Minneapolis, Detroit, Milwaukee, Buffalo, Portland, Alaska, Utqiaġvik, Kodiak, King

☆ FAA says future United projects ‘may be delayed’ due to increased oversight
▼ + stars: | 2024-03-23 | by ( Samantha Delouya | Nicole Goodkind | ) edition.cnn.com time to read: +2 min

“Due to recent safety events, the FAA is increasing oversight of United Airlines to ensure that it is complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety,” an FAA spokesperson said in a statement. The civil aviation authority’s stepped up oversight comes after a United Boeing 737-800 landed in Medford, Oregon, missing an external panel on March 15. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff and another trailed hydraulic fluid. The FAA did not specify what future projects may be delayed by its evaluation, but on Saturday, Bloomberg reported the agency is considering preventing United Airlines from adding new routes, curbing the airline’s growth. Last week, a LATAM Airlines Boeing plane flying from Sydney, Australia, to Auckland, New Zealand, suddenly plunged in midair, injuring some passengers as they were thrown to the cabin’s ceiling.

Persons: authority’s, ” United, ”, CNN’s Gregory Wallace, Chris Isidore, Pete Muntean Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, United Boeing, Boeing, Bloomberg, United, ”, Alaska Airlines Boeing, Max, LATAM Airlines Boeing Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand

☆ Biden signs government funding bill
▼ + stars: | 2024-03-23 | by ( Clare Foran | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden on Saturday signed into law the $1.2 trillion legislation that completes the funding of federal agencies through the fiscal year, which ends September 30. The House passed the package on Friday, and the Senate passed it early Saturday morning. The bill addresses a slate of critical government operations, including the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, State and the legislative branch. This legislation is the second part of a two-tiered government funding process. A separate six-bill funding package, which was signed into law earlier this month, included funding for the departments of Agriculture, Commerce, Justice, Veterans Affairs, Energy, Interior, Transportation, Housing and Urban Development, as well as the Food and Drug Administration, military construction and other federal programs.

Persons: Joe Biden, Biden —, —, ” Biden, Republicans ”, isn’t, ”, Kevin McCarthy, Samantha Waldenberg Organizations: CNN, Defense, Homeland Security, Labor, Health, Human Services, Education, State, Republicans, Administration, Agriculture, Commerce, Justice, Veterans Affairs, Energy, Housing, Urban, and Drug Administration Locations: Wilmington , Delaware, “, Transportation

☆ FAA to take a closer look at United after a series of incidents
▼ + stars: | 2024-03-22 | by ( Gregory Wallace | Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —The Federal Aviation Administration will take a closer look at safety at United Airlines after a string of nearly a dozen incidents this month, the airline said in a memo Friday. While no passengers were injured, the incident was just one in a line of recent mishaps on United flights – all involving Boeing jets. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff, and yet another trailed hydraulic fluid. In a statement, the FAA said its “safety assurance system routinely monitors all aspects of an airline’s operation. Still, United Airlines CEO Scott Kirby has said he would look into the possibility of buying more jets from Airbus, Boeing’s European competitor.

Persons: ” United, Scott Kirby, Pete Muntean, Chris Isidore Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, ”, United Boeing, Boeing, Alaska Airlines Boeing, Max, LATAM Airlines, National Transportation, Safety, Alaska Air, Airbus, Boeing’s Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand

☆ King Charles and Kate Middleton both have cancer, but they shared the news with the public differently
▼ + stars: | 2024-03-22 | by ( Samantha Grindell | Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

The Princess of Wales made her announcement through a video posted on social media, speaking directly to the public. Her announcement comes less than two months after Buckingham Palace revealed that King Charles III is also being treated for cancer. The king's announcement was formal and promptBuckingham Palace announced the king has cancer in a statement shared with Business Insider on February 5. Related storiesThe statement did not specify the type of cancer the king has, what stage of cancer he has, or what kind of treatment he will receive. But she followed in her father-in-law's footsteps by not revealing the type or stage of cancer she was diagnosed with.

Persons: —, Kate Middleton, Wales, Buckingham, King Charles III, Kate, chemo, Kristen Meinzer, — Prince George , Princess Charlotte, Prince Louis —, William, George, Charlotte, Louis, King George VI, Mother, Rebecca English, King Charles Organizations: Service, Business, Kensington Palace Locations: Kensington Palace, Kensington

☆ Prince Harry and Meghan Markle say they hope Kate Middleton can heal 'privately and in peace' following cancer diagnosis
▼ + stars: | 2024-03-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

On Friday, Kate Middleton announced she has cancer and is undergoing preventative chemotherapy. Prince Harry and Meghan Markle said they wish "health and healing" to Kate in a statement to the BBC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPrince Harry and Meghan Markle released a statement about Kate Middleton's cancer diagnosis. She said she is undergoing preventative chemotherapy, which a Kensington Palace spokesperson said she began in late February.

Persons: Kate Middleton, Prince Harry, Meghan Markle, Kate, Prince William, —, Harry, Kate Middleton's, Princess, Wales Organizations: BBC, Service Locations: Kensington

Reddit went public on Thursday after raising $748 million in its IPO. CEO Steve Huffman and Sam Altman and his network of investment firms are some who profited the most. Reddit is the most recent tech company to debut in the public markets as Wall Street watches to gauge the dormant IPO market. The company, founded in 2005 by Steve Huffman and Alexis Ohanian, had been rumored to go public over the past several years. However, the market has been shaky for the past two years, causing several companies to put off pursuing IPOs because of less-than-desirable macro conditions.

Persons: Reddit, Steve Huffman, Sam Altman, Alexis Ohanian Organizations: Business

☆ Reddit's co-founder is bickering with investors on the company's big IPO day
▼ + stars: | 2024-03-21 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

But Reddit's co-founder took to X to call out a perceived slight by investor Initialized Capital. But it's not all sunshine and roses for Reddit, whose co-founder and early investors are bickering on social media. Alexis Ohanian called out Initialized Capital investors on X after the firm's social media account failed to congratulate him by name on Reddit's IPO. Garry Tan tweeted a congrtulations to both Alexis Ohanian an Steve Huffman on Reddit's IPO. Ohanian, Tan, and representatives for Initialized Capital did not immediately respond to requests for comment.

Persons: Reddit, Reddit's, —, it's, Alexis Ohanian, Steve Huffman, Y, Garry Tan —, Ohanian, Tan, Brett Gibson, Jen Wolf, @jenhwolf, George Floyd's, Michael Seibel, Tan's, confidentially, Instacart, Huffman, Garry Tan, Garry Organizations: Service, Twitter, VC, NYSE, New York Stock Exchange

Learn moreAmazon's Prime Day-style event called the "Big Spring Sale" is still on until March 25. Below is our style editors' guide to the 30 best Amazon clothing and shoe deals to score during the Big Spring Sale. AdvertisementTop 5 Amazon Spring Sale fashion dealsThe best Amazon Spring Sale deals on shoes and accessoriesThe Drop Square Toe Two-Strap High Heeled Sandal $32.94 $54.90 Save 40% Reviewers say that these are incredibly comfortable — and they have 4.2 stars and nearly ten thousand reviews to prove it. Shop at AmazonAdvertisementThe best Amazon Spring Sale deals on clothingPumiey Square Neck Long Sleeve Maxi Dress $31.44 $56.99 Save 45% This dress is a great dupe for the Skims dress that you've probably seen all over the internet. These compression short-shorts are on sale for half off and are great for lounging, exercise, or wearing under a mini skirt.

Persons: Calvin Klein, Steve Madden, Ava Riley, They've, Calvin Klein Women's, Calvin Klein unlined bralette, Britt, here's Organizations: Business, Amazon, Women, Adidas

For the first time ever, Amazon is hosting its Big Spring Sale to celebrate the changing of the season. While home and kitchen goods and Amazon devices are always great items to shop for, clothing and accessories are some of the very best deals on the site. To help you shop, we rounded up the 16 best deals on men's clothing, shoes, and accessories. AdvertisementTop 5 Amazon Spring Sale menswear dealsThe best Amazon Spring Sale deals on men's clothingAdvertisementThe best Amazon Spring Sale deals on men's shoes and accessoriesOLEVS Two Tone Luxury Wrist Watch $33.80 $39.77 Save 15% This watch costs less than $35 but looks like it's worth a fortune. Shop at AmazonGo Tour Men's Moccasin Driving Shoes $42.49 $49.99 Save 15% These loafers are the epitome of class.

Persons: you'll Organizations: Business, Amazon, Adidas

☆ The Orfali Bros Bistro is the best restaurant in the Middle East and North Africa — again
▼ + stars: | 2024-03-19 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

We love food, and we love people who love food,” says Orfali. Orfali Bros BistroA multicultural menuOrfali left Syria in 2006, relocating to Dubai a year later, and his brothers followed. “Different nationalities, different colors, different languages, different accents. Orfali Bros BistroA “flourishing” food sceneDubai’s restaurant scene has, until recently, been dominated by celebrity chefs and international franchises. “We build a relationship between us and the guests, and we make it family,” Orfali says.

Persons: CNN —, Mohamad Orfali, Treet Bel Laban ” —, ”, Orfali —, Mohamad, Omar, We’re, Orfali, “, Mohammad, barak, they’ve, Orfali Bros, Eclair, Samantha Wood, “ Mohamad, Wood, Chez Wam, ” Orfali, “ It’s Organizations: CNN, Michelin, ”, Orfali, UAE, Dubai, “, Bros Locations: Aleppo, Syria, Dubai, East, North Africa, Orfali’s, UAE, Lebanese, Sichuan, , “ Dubai, Hokkaido, Turkish

☆ Here are some of Wall Street’s top derivative plays following Nvidia's latest chip launch
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Shares of the chip giant pulled back about 2% during Tuesday's session, after announcing its latest AI chips . While Nvidia's latest announcements solidify the company's AI leadership, Wall Street anticipates some positive tailwinds for a slew of derivative players. Semiconductor derivative plays Nvidia's latest announcements could pose some major tailwinds for companies operating within the chipmaker's ecosystem. Liquid cooling The liquid cooling industry may also benefit as Nvidia harnesses the technology to cool the 72 Blackwell GPUs in its new server rack system, known as GB200 NVL72. "We believe built-in liquid cooling capabilities in addition to the power density of the system should be a positive for VRT's liquid cooling and power management businesses," he wrote.

Persons: Harlan Sur, Blackwell, Rosenblatt, Hans Mosesmann, Goldman Sachs, Toshiya Hari, Matt Bryson, Laura Chen, Oppenheimer, Rick Schafer, Amit Daryanani, Vertiv, Headwinds, Nvidia's Blackwell, Hari Organizations: Nvidia, NVIDIA, Micron Technology, MU, Micron, Taiwan Semiconductor, Wall, Marvell Technology, Blackwell, Micro Computer, Mosesmann, Devices, AMD, Data, Intel Locations: America

☆ All the big Nvidia calls after AI conference: Goldman raises target to $1,000, JPMorgan sees 'dominance'
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."

Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose

☆ Apple is getting serious about AI
▼ + stars: | 2024-03-18 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

It comes as Apple is expected to unveil several new AI features at its developer conference in June. According to a Bloomberg report, Apple is interested in licensing and building Google’s Gemini AI engine, which includes chatbots and other AI tools, into upcoming iPhones and its iOS 18 features. A partnership with Google would catapult Apple into the growing AI arms race. Apple, Google and OpenAI did not respond to a request for comment. Behind the scenes, Apple reportedly has been working its on-device generative AI capabilities and acquiring companies, such as Canadian startup DarwinAI.

Persons: they’ve, —, Siri, OpenAI, Tim Cook, we’re, Apple, Angelo Zino, Beata Zawrzel, Wedbush Organizations: CNN, Apple, Google, Bloomberg, Learning Research, CFRA Research, Wedbush Securities, Gemini, Microsoft Locations: Cupertino

☆ Analysts ratchet up Nvidia price forecasts ahead of big conference with one seeing 30% upside
▼ + stars: | 2024-03-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Several major Wall Street shops have already beefed up their price targets on the chipmaker heading into the event, with HSBC and Truist joining the flood on Monday. NVDA 1Y mountain Nvidia share performance over the last year According to FactSet, the current consensus price target on Nvidia implies about 4% upside, with 90% of analysts holding a buy or overweight rating. Stein boosted the firm's price target to $1,177 from $911 a share, reflecting 34% upside from Friday's close. "We are encouraged by Nvidia's AI product roadmap which focuses on moving beyond GPUs and towards owning the entire value chain." Wall Street turns more bullish HSBC and Truist may be the latest Wall Street shops to up estimates heading into the GTC Conference, but they are far from the first.

Persons: FactSet, William Stein, Stein, HSBC's Frank Lee, Blackwell, America's Vivek Arya, Cantor Fitzgerald's C.J, Muse, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, Wall Street, HSBC, Truist, GTC, Bank, America's, NVIDIA

Search resuls for: "Samantha"

25 mentions found