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☆ Ultimately Tesla needs to improve its margins, says Deepwater Asset's Gene Munster
▼ + stars: | 2023-10-19 | 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 EmailUltimately Tesla needs to improve its margins, says Deepwater Asset's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss Tesla's quarterly earnings results, after the EV maker missed on both revenue and earnings for the first time since 2019, and more.

Persons: Tesla, Asset's Gene Munster Gene Munster Organizations: Asset's, Deepwater Asset Management

☆ 'Great tailwind': Asset manager is bullish on this under-the-radar AI stock
▼ + stars: | 2023-10-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But according to Deepwater Asset Management, there's one under-the-radar AI stock that will be essential for the long-term infrastructure rollout of artificial intelligence. "An under-the-radar AI stock is Vertiv," Doug Clinton, managing partner at Deepwater, told CNBC's "Street Signs Asia" last week. The company's specialty is graphics processing units, or GPUs, which have become the preferred chips for the large AI models that underpin generative AI software. "We think [Vertiv has] a great tailwind for the next three to five years as this AI hardware buildout continues," Clinton added. Alphabet Alphabet , which Clinton described as Deepwater's largest AI holding, has a "great catalyst" for the latter half of this year: the launch of its latest AI model Gemini.

Persons: Doug Clinton, CNBC's, Clinton, Kif Leswing Organizations: Nvidia, Microsoft, Asset Management, Deepwater, Deepwater Frontier Tech, Ark, Global, Robotics, Intelligence, Deepwater Frontier, Adobe, Unity Software Locations: U.S, LOUP, Netherlands, Taiwan, South Korea

☆ Hollywood and Netflix are in a tight spot, says Deepwater Asset Management's Gene Munster
▼ + stars: | 2023-10-10 | 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 EmailHollywood and Netflix are in a tight spot, says Deepwater Asset Management's Gene MunsterHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Gene Munster, Brian Sullivan, “ Organizations: Hollywood, Netflix, CNBC

☆ Earnings will be okay for big-cap tech, says Deepwater's Doug Clinton
▼ + stars: | 2023-10-09 | 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 EmailEarnings will be okay for big-cap tech, says Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Closing Bell' to discuss the state of big-cap tech stocks ahead of earnings season.

Persons: Doug Clinton Doug Clinton Organizations: Deepwater Asset Management

☆ Apple's center of gravity is China, not Cupertino
▼ + stars: | 2023-10-06 | by ( Hasan Chowdhury | Huileng Tan | ) www.businessinsider.com time to read: +4 min

Apple might be headquartered in Cupertino but its heart is in China. AdvertisementAdvertisementApple's leadership may operate from the 175-acre, tree-covered campus in sunny Cupertino, California but, in reality, the company's center of gravity is in China. Roughly 95% of Apple products including iPhones, AirPods, Macs and iPads are reported to be made in China . And multiple media outlets reported that China had banned iPhones for government staffers, knocking its share price. Apple CEO Tim Cook likes to present the company's decades-long involvement with China as a cause for celebration.

Persons: —, Research, Tim Cook, Anshuman, Gene Munster, Jay Newman Organizations: Apple, CCP, Service, Hindustan Times, Deepwater Asset Management, Elliott Management, Huawei, China, Forum Locations: Cupertino, China, Cupertino , California, iPhones, India, Taiwan, Beijing

☆ 'Magnificent Seven' tech stocks will face 'gravitational pull' if rates keep rising: Investment firm
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Magnificent Seven' tech stocks will face 'gravitational pull' if rates keep rising: Investment firmDoug Clinton, managing partner and co-founder of Deepwater Asset Management, says those stocks "have defied gravity most of this year, [but] gravity has caught up with them a little bit as rates have really aggressively moved higher."

Persons: Doug Clinton Organizations: Investment, Asset Management

☆ Is it time to buy Tesla? Two investors present the bull and bear case
▼ + stars: | 2023-10-04 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Over the year to date, the stock of the auto giant, which designs and manufactures electric vehicles, battery energy storage devices, and solar panels, has surged around 100%. This comes as factory shutdowns hit production and demand for electric vehicles sagged in the face of higher interest rates. Tesla bear For David Trainer, founder and chief executive officer at investment firm New Constructs, Tesla is "one of the most overvalued stocks in the market." TSLA YTD mountain Shares in Tesla have surged substantially in the past year Tesla bull However, Gene Munster, managing partner at Deepwater Asset Management, disagrees. "Tesla can no longer enjoy its first mover advantage as many other major automakers are producing electric vehicles.

Persons: Elon Musk's Tesla, Tesla, David Trainer, Gene Munster, CNBC's, Munster Organizations: Wall, Federal, CNBC, Tesla, Deepwater Asset Management, Munster, Ford, General Motors Locations: Elon, U.S, China

☆ Google is the 'Magnificent Seven' stock that has the best catalyst, says Deepwater's Doug Clinton
▼ + stars: | 2023-10-04 | 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 EmailGoogle is the 'Magnificent Seven' stock that has the best catalyst, says Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss latest market trends, the impact of 'higher for longer' interest rates on the 'Magnificent Seven' stocks, the impact of A.I. on the Big Tech, and more.

Persons: Doug Clinton Doug Clinton Organizations: Google, Deepwater Asset Management, Big Tech

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

☆ The world needs cheap electric cars. That spells trouble for Big Auto
▼ + stars: | 2023-09-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.

Persons: Henry Ford’s, carmaking, Jeff Kowalsky, ”, Gene Munster, Tesla, — Tesla, —, Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America

☆ Apple's revenue from products made in China could plummet to less than a third in the next five years, a top investor says
▼ + stars: | 2023-09-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Apple has become a revenue-generating machine thanks in large part to products made in China. Apple's revenue from products made in China could drop to less than a third of overall revenue. AdvertisementAdvertisementApple's dependence on China for manufacturing could drastically drop within the next five years, with revenue from products manufactured in the country projected to plummet to less than a third, analysts said. Deepwater Asset Management's managing partner Gene Munster and research analyst Brian Baker predicted on Monday that revenue from Apple products manufactured in China could drop from an estimated 40-45% today to 25-30% by 2027. AdvertisementAdvertisementIndia increasingly looks like it will provide that alternative, Munster and Baker said, with around half of the revenue projected to be lost from products manufactured in China estimated to go to the sub-continent state.

Persons: —, Gene Munster, Brian Baker, Luxshare, Baker, Muster Organizations: Apple, Service, Asset, Munster, Huawei Locations: China, Beijing, Washington, India

☆ Amazon's A.I. investment is a page out of the OpenAI-Microsoft playbook: Deepwater's Doug Clinton
▼ + stars: | 2023-09-25 | 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 EmailAmazon's A.I. investment is a page out of the OpenAI-Microsoft playbook: Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner and co-founder, joins 'Squawk Box' to discuss Amazon's investment in A.I. company Anthropic, what it means for the A.I. arms race, the state of the tech sector at large, and more.

Persons: Doug Clinton Doug Clinton Organizations: Microsoft, Deepwater Asset Management Locations: A.I

☆ Instacart's 11% plunge on second day of trading wipes out almost all of its IPO gains
▼ + stars: | 2023-09-20 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Instacart shares slumped nearly 11% in their second day of trading Wednesday, continuing a slide that began immediately after the stock hit the Nasdaq on Tuesday, and leaving it narrowly above its initial public offering price. On Monday, Instacart sold shares in its long-awaited IPO at $30 apiece. Trading under ticker symbol CART , the stock popped 40% to open at $42, but then sold off throughout the day to close at $33.70. Instacart's offering helped reignite a sleepy IPO market, which has been mostly closed since late 2021 as companies were plagued by inflationary pressures and rising interest rates. Analysts at Needham issued a hold rating on Instacart's stock in a Tuesday note.

Persons: Instacart, Uber, Gene Munster, CNBC's, Munster, it's, Needham Organizations: Nasdaq, Deepwater Asset Management

☆ Deepwater's Gene Munster is betting on Uber over Instacart
▼ + stars: | 2023-09-19 | 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 EmailDeepwater's Gene Munster is betting on Uber over InstacartGene Munster, Deepwater Asset Management managing partner, joins 'Closing Bell' to discuss Instacart as the company's stock pops on the first day of trade.

Persons: Deepwater's Gene Munster, Instacart Gene Munster Organizations: Deepwater's, Instacart, Deepwater Asset Management

☆ Apple's iPhone 15 launch focused heavily on AI — even though the tech giant didn't mention it
▼ + stars: | 2023-09-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Apple spent a lot of time talking at its iPhone 15 launch event about the features of its products that use artificial intelligence, even if it didn't mention AI by name. The Cupertino-based tech giant touted what was under the hood of its iPhone 15 range as well as its Apple Watch Series 9, in particular the chip that powers the devices. For the Apple Watch Series 9 and Apple Watch Ultra 2, Apple unveiled the S9 chip. The iPhone 15 Pro and Pro Max meanwhile are powered by the A17 Pro chip. But instead of Apple talking about AI, it focused on the usefulness of Siri on the device.

Persons: Apple, Pro Max, Siri, Gene Munster Organizations: Apple, Pro, Deepwater Asset Management Locations: Cupertino

☆ Apple event laid the foundation for Vision Pro demand, says Deepwater's Gene Munster
▼ + stars: | 2023-09-12 | 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 EmailApple event laid the foundation for Vision Pro demand, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk today's Apple event and what it means for the company moving forward.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Vision Pro, Deepwater Asset Management

☆ Tesla to install charging stations at 2,000 Hiltons in North America
▼ + stars: | 2023-09-07 | by ( Seema Mody | ) www.cnbc.com time to read: +2 min

Tesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year, the companies said Thursday. For Tesla, the buildout of wall connectors is another way to increase mass adoption by offering more convenient charging locations. Schuyler says the availability of EV charging stations is playing a significant role in driving hotel bookings. 2 is EV charging. Hilton will work with its owners to identify properties alongside roadways and in other key urban locations that would make most sense for Tesla to install its charging stations.

Persons: Tesla, Matt Schuyler, Hilton's, Schuyler, Hilton, Gene Munster Organizations: Hilton, it's, EV, CNBC, APEC, Wall Street, Asset Management Locations: U.S, Mexico, Canada, Europe

☆ Nasdaq just posted its worst month since December. How the smart money played it
▼ + stars: | 2023-09-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The tech-dominated Nasdaq Composite and Nasdaq-100 indexes notched their worst month of the year in August, and their weakest performance since December 2022. Last month's pullback came as no shock to many veteran technology investors. Big August losers included popular AI-connected names Marvell Technology and Advanced Micro Devices , which shed more than 10% and 7%, respectively. Building small positions Amid the August pullback, Meeks built positions in some favored AI names. MRVL 1M mountain Marvell Technology shares pull back Munster used August's volatility to scoop up some shares of Etsy .

Persons: Paul Meeks, who's, we've, Meeks, Fortinet, Gene Munster, he's, Greg Bassuk, Bassuk Organizations: Nasdaq, Nvidia, Marvell Technology, Devices, Meta, Apple, Marvell, Broadcom, Taiwan Semiconductor, Cadence Design Systems, Munster, AXS Locations: Etsy

☆ 'We are not in an AI bubble', says Deepwater's Gene Munster
▼ + stars: | 2023-09-05 | 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 Email'We are not in an AI bubble', says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Closing Bell Overtime' to talk the building AI hype and why he believes the market is not experiencing an AI bubble.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management

☆ How much is a good night's sleep worth? A lot to these stocks
▼ + stars: | 2023-09-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

In fact, some 63% of U.S. adults sleep less than the recommended seven to nine hours a night, according to the National Sleep Foundation's Sleep Health Index. There are a myriad of products in the sleep arena — from mattresses and sleep supplements to sleep apnea devices and tech wearables that track sleep. Treating sleep conditions Health conditions can also impact the ability to get a good night's rest, like insomnia and sleep apnea. Obstructive sleep apnea causes breathing to be interrupted during sleep. About half of those surveyed in its obstructive sleep apnea patient survey in July said they had never heard of Inspire.

Persons: Anna Pione, they'll, Seth Basham, Basham, Tempur Sealy, " Basham, It's, Stefano Natella, Natella, it's, Ollie, Seamus Fernandez, Philip's, Philips, Eli Lilly, Eli Lilly's, Guggenheim's Fernandez, Michael Farrell, we've, Fernandez, Novo, wearables, Gene Munster, Jason Ware, Ware, Pione, Michael Bloom Organizations: McKinsey, International Sleep Products, Sealy International, Mattress, Sealy, Centers for Disease Control, Guggenheim, CDC, Unilever, American, of, Care, American Medical Association, Bank of America Securities, Medical Systems, Bank of America, Inspire, Novo Nordisk, Garmin, Apple, Deepwater Asset Management, Apple Watch, Albion Financial, Munster Locations: U.S, dreamland, Mizuho, Novo

☆ Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.
▼ + stars: | 2023-08-29 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Redwood Materials, the battery and e-waste recycling startup founded by former Tesla CTO JB Straubel, announced Tuesday that it has closed a $1 billion funding round to expand operations in the U.S. The company takes spent electric vehicle batteries, breaks them down, and uses the metals from them —including nickel, copper, cobalt, and lithium — to produce new components that can go into electric vehicle batteries. One of Redwood's major goals is to produce battery components domestically to reduce some of the global trade and geopolitical risks around the electric vehicle industry. As CNBC previously reported, earlier this year Redwood locked in a $2 billion loan commitment from the Department of Energy. For its new growth funding round, Goldman Sachs Asset Management, Capricorn's Technology Impact Fund, and other un-named funds advised by T. Rowe Price Associates led the deal, according to a company statement.

Persons: JB Straubel, Redwood, Straubel, Energy Jennifer M, Granholm, Goldman, Rowe Price Organizations: Materials, U.S, CNBC, Department of Energy, Energy, Energy Information Administration, Argonne National Laboratory, Asset Management, Technology, Fund, Rowe Price Associates, Caterpillar Inc, Innovation Fund Locations: U.S, Carson City , Nevada, Charleston , South Carolina . U.S, Argonne

☆ We're going to be in a flattish to down zone for Big Tech over next 1-2 months, says Gene Munster
▼ + stars: | 2023-08-28 | 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 EmailWe're going to be in a flattish to down zone for Big Tech over next 1-2 months, says Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the latest market trends, what Nvidia's report means for investors, state of the Big Tech sector, and more.

Persons: Gene Munster Gene Munster Organizations: Big Tech, Deepwater Asset Management

☆ Why Microsoft is struggling to close the gap between Bing and Google
▼ + stars: | 2023-08-17 | 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 EmailWhy Microsoft is struggling to close the gap between Bing and GoogleGene Munster, Deepwater Asset Management managing partner, joins 'The Exchange' to discuss differences between the use cases for AI chat and search, how Chrome and Android provide Google a distribution advantage, and attempts to fuse AI chat and commerce.

Persons: Gene Munster Organizations: Microsoft, Bing, Deepwater Asset Management

☆ The digital ad market is showing signs of stabilization. How the pros are playing it
▼ + stars: | 2023-08-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The signs of stabilization are perhaps most evident through recent better-than-feared earnings from behemoths like Alphabet and Meta Platforms as they focus on cost cuts and efficiency after 2022's rout. Meta Platforms said ad revenue rose about 12% last quarter from the prior year. Buying the '800-pound gorilla' It's hard to ignore Alphabet or Meta Platforms when investing in the advertising industry. On the digital side, Hanna Howard, a research analyst at GAMCO Investors, opts for Meta Platforms. Amazon posted a 22% increase in online advertising revenue year over year, and $10.68 billion in sales overall.

Persons: Susan Li, Rohit Kulkarni, Gene Munster, Paul Meeks, Meeks, Morningstar's Ali Mogharabi, Hanna Howard Organizations: Apple, Google, Roth Capital Partners, Street, Meta, Intelligence, Amazon, Independent Solutions Wealth Management, GAMCO Investors, Munster, Web Services

☆ Tesla and Google will get the biggest tailwinds from autonomous vehicles: Deepwater's Gene Munster
▼ + stars: | 2023-08-10 | 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 EmailTesla and Google will get the biggest tailwinds from autonomous vehicles: Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing director, GMU Professor Mary Cummings, and CNBC's Phil LeBeau join 'Power Lunch' to discuss autonomous vehicle as California Public Utility Commission hold a vote on the future of the car.

Persons: Tesla, Gene Munster Gene Munster, GMU, Mary Cummings, Phil LeBeau Organizations: Google, Deepwater Asset Management, California Public, Commission Locations: California

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