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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. U.S. Treasury yields edged lower on Friday, helping boost major growth stocks, with Microsoft (MSFT.O) leading gains, up 1.9%, and Meta Platforms (META.O) advancing nearly 1%. The S&P 500 information technology (.SPLRCT) sector rose 0.6% while energy stocks (.SPNY) rose 1.3% to their highest level in over seven months, tracking an uptick in crude prices. Advancing issues outnumbered decliners by a 1.64-to-1 ratio on the NYSE and by a 1.01-to-1 ratio on the Nasdaq. The S&P 500 recorded 13 new 52-week highs and 14 new lows, while the Nasdaq posted 31 new highs and 160 new lows.

Persons: Brendan McDermid, Morgan Stanley, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Shristi Achar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Gilead Sciences, Kroger, Dow, Nasdaq, Apple, Microsoft, Treasury, Wall, Federal Reserve, Index, Federal, Asset Management, FedWatch, New York Fed, Dallas, Dow Jones, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: New York City, U.S, Beijing, Bengaluru

☆ Israeli scientists create model of human embryo without eggs or sperm
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

The Israeli team emphasised that they were a long way from being able to create an embryo from scratch. "The question is, when does an embryo model become considered an embryo? At the moment we are really, really far off from that point," said team leader Jacob Hanna. "None of these models fully recapitulate natural human development but each adds to ways in which many aspects of human development can now be studied experimentally," she said. The study raises some ethical questions over the possibility of potential future manipulation in human embryo development, Hanna and others noted.

Persons: Mehmet Yunus Comar, Jacob Hanna, Hanna, Magdalena Żernicka, Goetz, Rami Amichay, Ari Rabinovitch, Mark Heinrich Our Organizations: Weizmann Institute of Science, Israel's Weizmann Institute of Science, International Society for Stem Cell Research, University of Cambridge, Thomson Locations: Rehovot, Israel, Boston

☆ Israeli Scientists Create Model of Human Embryo Without Eggs or Sperm
▼ + stars: | 2023-09-07 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

REHOVOT, Israel (Reuters) - Scientists in Israel have created a model of a human embryo from stem cells in the laboratory, without using sperm, eggs or a womb, offering a unique glimpse into the early stages of embryonic development. "The question is, when does an embryo model become considered an embryo? At the moment we are really, really far off from that point," said team leader Jacob Hanna. "None of these models fully recapitulate natural human development but each adds to ways in which many aspects of human development can now be studied experimentally," she said. The study raises some ethical questions over the possibility of potential future manipulation in human embryo development, Hanna and others noted.

Persons: Jacob Hanna, Hanna, Magdalena Żernicka, Goetz, Rami Amichay, Ari Rabinovitch, Mark Heinrich Organizations: Israel's Weizmann Institute of Science, International Society for Stem Cell Research, University of Cambridge Locations: REHOVOT, Israel, Boston

☆ Rewards Cards: Put Those Points to Work
▼ + stars: | 2023-09-07 | by ( Julie Weed | ) www.nytimes.com time to read: +1 min

Sign-up bonuses, lounge access, cash rebates, free hotel rooms and plenty of fine print: The dizzying promotions and Byzantine rules on earning and redeeming points with rewards credit cards can make your head spin. Rewards cards offer three types of value. There is typically a sign-up bonus, up to 120,000 points or miles after spending a minimum amount within a certain period. Make partnerships work for youA co-branded card, like the Alaska Airlines Visa Signature (fee $95), helps you achieve status faster with that airline. Hotel chains offer similar co-branded cards.

Persons: Autopay Organizations: Alaska Airlines Visa, Hyatt Visa, Marriott Locations: Alaska

☆ Philanthropies Pledge $500 Million to Address Crisis in Local News
▼ + stars: | 2023-09-07 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +2 min

John Palfrey, the president of the MacArthur Foundation, said Press Forward aimed to help news outlets that did not have enough revenue to sustain their business. The goal, he added, is to eventually raise and invest $1 billion for the effort. “There’s extraordinary opportunity,” Mr. Palfrey said in an interview. Digital news outlets and nonprofit newsrooms have sprung up across the United States, but not in numbers large enough to fill the gap. According to the Northwestern report, most of the new outlets serve urban centers, leaving some economically struggling and rural communities at a loss.

Persons: John Palfrey, “, Mr, Palfrey Organizations: MacArthur Foundation, Press, United States —, Northwestern University’s Medill School Locations: United States, Northwestern

☆ Putin's biologist daughter is still getting published in science journals in the West despite the Ukraine war
▼ + stars: | 2023-09-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Maria Vorontsova, Putin's daughter, is a scientist at Moscow State University. Vorontosova, Putin's eldest daughter, is a researcher at Moscow State University specialising in endocrinology, or the study of the system in the body that regulates hormones. The three articles published in MPDI publications appeared in 2022 and 2023, according to Vorontsova's university research profile. Her sister, Katerina Tikhoniva, is a dancer and also works in a senior position at Moscow State University, Reuters reported. In the wake of the Ukraine invasion, the US and other Western allies of Ukraine imposed sanctions on Putin's family.

Persons: Vladimir Putin's, Maria Vorontsova, Vladimir, Putin's, Young Vladimir Putin, Vorontsova, MDPI, Putin, Lyudmila Putina, Mikhail Fridman, Katerina Tikhoniva, Tikhonova's Organizations: Moscow State University ., Service, Moscow State University, US Endocrine Society, Moscow Times, Getty, Putin Reuters, Reuters, US Treasury Locations: Ukraine, Wall, Silicon, Russian, Russia, MDPI, Dresden, Germany, Dutch, Netherlands, Moscow

☆ Here's our second-quarter earnings report card for 34 stocks in the portfolio
▼ + stars: | 2023-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

Eli Lilly not only reported a stellar second quarter, management was able to raise its full-year sales and adjusted earnings outlook as well. Though revenues were a tad short, earnings results were better than expected on a both a HAAP and adjusted basis. Constellation Brands' (STZ) sales and earnings results outpaced expectations. DuPont (DD) reported a good quarter prior to us initiating a position in the name. But the slight comparable-sales miss in North America prompted questions about the company's ability to hit its long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth.

Persons: That's, Eli Lilly, Mounjaro, Morgan Stanley, Stanley Black, Decker, it's, Wells Fargo, Sartorius, Estee Lauder, We're, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Procter, Gamble, TJX, Federal Reserve, Club, Costco, Emerson Electric, Humana, Oracle, Alto Networks, billings, Companies, Wynn Resorts, WYNN, North, Broadcom, Constellation Brands, DuPont, Ford, GE Healthcare Technologies, Linde, LIN, Microsoft, Natural Resources, Procter & Gamble, —, Health, Coterra Energy, Disney, Starbucks, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Macau, North American, DuPont's, India, North America, Los Angeles , California

☆ 5 steps for building a 'set it and forget it' printables side hustle, according to mom who makes 6 figures doing it
▼ + stars: | 2023-09-06 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

It all depends on what pockets of time you have available and what you're interested in doing. One particular side hustle that people have found to be lucrative and not too hard to dive into is selling printables on marketplaces like Etsy and Shopify. "I highly recommend that people start with selling on a platform like Etsy that already has buyers," says Julie Berninger, who makes about $10,000 per year selling printables on Etsy and who teaches a printables course herself. Here's how to start a printables side hustle on Etsy according to experts. For "hanukkah card," for example, Ubersuggest lists "happy hanukkah card," "hanukkah card greetings" and "funny hanukkah card."

Persons: Julie Berninger, Rachel Jimenez, who's, Jimenez, Say, Berninger, you've, Peruse Etsy Locations: Etsy

☆ In an Egyptian Oasis, a House Built From Sand, Rope and Salt
▼ + stars: | 2023-09-06 | by ( Gisela Williams | Anthony Cotsifas | ) www.nytimes.com time to read: +1 min

Named Tamazid after a nearby spring, the compound is, like Adrère Amellal, all earth tones, inside and out. It’s a notable departure for the designer, who’s best known for her inimitable use of color. Escher print; perspectives and proportions seem to shift, depending on the light or the angle where one stands. Stairs lead to terraces that overlook the compound and surrounding landscape — the blocky structure has few windows, and most of them are different sizes. “We’d decide where the windows should be according to the views and the sun” — but with Tamazid, she made traditional plans and models.

Persons: It’s, who’s, Escher, Adrère Amellal, “ We’d, Tamazid, Neamatalla, Mahdavi Organizations: London’s

☆ Colorado Lawsuit Seeks to Keep Trump Off Ballots Under 14th Amendment
▼ + stars: | 2023-09-06 | by ( Maggie Astor | More About Maggie Astor | ) www.nytimes.com time to read: +1 min

Six Colorado voters filed a lawsuit on Wednesday seeking to keep former President Donald J. Trump off the state’s ballots under the 14th Amendment, which says anyone who “engaged in insurrection or rebellion” against the Constitution after taking an oath to defend it is ineligible to hold office. The lawsuit, which was filed in a state district court in Denver with the help of the watchdog group Citizens for Responsibility and Ethics in Washington, demands that the Colorado secretary of state not print Mr. Trump’s name on the Republican primary ballot. Mr. Trump would surely appeal any ruling that he was ineligible, and a final decision could rest with the Supreme Court, which has a conservative supermajority that includes three justices he appointed. A spokesman for Mr. Trump did not respond to a request for comment. Jena Griswold, the Colorado secretary of state, said in a statement, “I look forward to the Colorado court’s substantive resolution of the issues, and am hopeful that this case will provide guidance to election officials on Trump’s eligibility as a candidate for office.”

Persons: Donald J, Trump, “, Jena Griswold, ” Organizations: Colorado, Republican, Trump, Supreme, Mr Locations: Denver, Washington, Colorado

☆ Black holes mysteriously burp up fragments of stars they destroyed years earlier, and scientists have no idea why
▼ + stars: | 2023-09-05 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Black holes have been spotted spitting up remnants of stars years after gobbling them up. AdvertisementAdvertisementSince then, the collaborators have been turning their instruments to monitor 24 black holes for years on end. In another two of the cases, Cendes noticed the black holes peaking, then fading, then turning on again. Everything we know about accretion disks may be wrongThe findings could mean we need to rethink how black holes swallow up stars, Cendes said. The new findings suggest astronomers will have to rethink the relationship between stars and black holes.

Persons: Yvette Cendes, we'd, Cendes, They've, She's, Cendres, I've Organizations: Service, Harvard, Smithsonian Center for Astrophysics, ESO, ESA, Hubble, Kornmesser Locations: Wall, Silicon, TDEs

☆ Priscilla Presley’s Emotional Reaction to Sofia Coppola’s New Elvis Film
▼ + stars: | 2023-09-04 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +2 min

Priscilla is also 14, a fact the film doesn’t shy away from. That aesthetic choice smartly steers “Priscilla” away from Luhrmann’s movie (which was much more interested in Elvis the performer) and further grounds the film in Priscilla’s perspective. The movie may also lack big musical scenes because Presley’s estate was unwilling to support the film or authorize the use of his songbook. Luhrmann’s hagiography was estate-approved and portrayed the singer as the innocent pawn of his craven manager, Col. Tom Parker. “Priscilla” shows how manipulative Elvis himself could be.

Persons: Priscilla, Elvis murmurs, ”, Nancy Sinatra, Ann, Margret, “ Marie Antoinette, Elvis, sensitively, Cailee Spaeny, Jacob Elordi, Austin Butler’s, lister, Elordi acquits, Coppola isn’t, Elvis midsong, he’s, Priscilla ”, I’m, craven, Tom Parker, “ Priscilla ”, wouldn’t Locations: Germany, Graceland, “

☆ Nvidia isn't the only game in town. Investors advise against overlooking these other AI beneficiaries
▼ + stars: | 2023-09-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Nvidia can't stop stunning Wall Street and the investing community in 2023, but portfolio managers say don't let the excitement overshadow other potential AI winners. "Theme after theme, transition after transition, the strong usually gets stronger," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Some retail and professional investors seemed to interpret the news as a sign that it's "game over" for some of the other AI chipmakers, Forrest said. Forrest, who's on the hunt for growth at a reasonable price, points to companies like Advanced Micro Devices, Micron Technology . On the AI chip theme, Meeks also points to Broadcom , Marvell Technology and Taiwan Semiconductor , a major supplier for Nvidia, as other ways to play the trend.

Persons: Paul Meeks, there's, Kim Forrest, Forrest, who's, Meeks, chipmaker, Capital Management's JoAnne Feeney, Feeney, it's Organizations: Nvidia, Independent Solutions Wealth Management, Intel, Devices, Broadcom, Marvell Technology, Bokeh Capital Partners, Micron Technology, AMD MU, AMD, MU, Taiwan Semiconductor, Capital, Google

☆ A China fund from Fidelity is beating the crowd. How it plans to keep doing it
▼ + stars: | 2023-09-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Fidelity's China Focus Fund is setting up for another year of outperformance, after ranking first last year among China equity funds tracked by Morningstar. With minimal losses of 0.66% for the year as of Aug. 31, the China Focus Fund has held up far better than the China equity category's decline of 9.45% during that time, according to Morningstar. The China Focus Fund is a "value contrarian strategy," said Catherine Yeung, a Hong Kong-based investment director focused on equities at Fidelity International. Consumer discretionary is the largest sector within the China Focus Fund's holdings, at about one-fourth of the names. Fidelity also has a dedicated China Consumer Fund, which is down by 8.75% year-to-date, only slightly better than its peers, according to Morningstar.

Persons: outperformance, Morningstar, Catherine Yeung, Yeung, hasn't, it's Organizations: Fund, Morningstar, China Focus, China, Fidelity International, CNBC, China Focus Fund, Galaxy Entertainment, Fidelity, China Consumer Fund Locations: China, Hong Kong, expansionary, Macau

☆ Top Wall Street analysts pick these 5 stocks for compelling returns, including Nvidia
▼ + stars: | 2023-09-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Nvidia | via ReutersThe macro backdrop is looking challenging as September begins, but analysts have highlighted several stocks that they feel confident about for the long term. Here are five attractive stocks, according to Wall Street's top experts, as rated by TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its fiscal second-quarter results, which crushed Wall Street's expectations, as revenue more than doubled compared to the prior-year quarter. Management expects sequential revenue growth to accelerate in the fiscal third quarter, fueled by AI and cloud infrastructure. He expects the company's AI initiatives to create value for small business owners, consumers, and taxpayers, driving long-term growth and improved profitability.

Persons: INTU PANW, Wall, Harlan Sur, Sur, Ross Seymore, MRVL, Seymore, Keith Bachman, billings, Bachman, Brad Zelnick, Zelnick Organizations: Nvidia, TipRanks, JPMorgan, Marvell Technology, Management, Deutsche Bank, Automotive, Marvell, Palo Alto, Palo Alto Networks, BMO Capital, Palo, Intuit Financial, Intuit Locations: Santa Clara , California, Palo, billings, Palo Alto

☆ The $128 billion retail media industry is the hottest space in advertising right now — and its growth tear is coming at the expense of Google and TV
▼ + stars: | 2023-09-02 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

US search spend on retail media properties is expected to grow 18.7% this year, while search spend outside retail media is expected to grow just 5%, per Insider Intelligence. Despite offering Shopping Ads and analytics and order management tools, industry analysts usually don't consider Google as a retail media operator. AdvertisementAdvertisementHowever, not all retail media spend is coming at the expense of Google and traditional advertising channels. Forrester's second-quarter marketing CMO pulse survey found that the majority of retail media spend is coming from existing trade and shopper marketing budgets. Retailers are cannibalizing those budgets to fuel growth of their retail media networks, said Nikhil Lai, senior analyst at Forrester.

Persons: —, Alex Brownsell, Bill Fisher, Nikhil Lai, Forrester's Lai Organizations: Google, Walmart, Service, Retail, Intelligence, Kroger, Forrester, Apple, Instacart Locations: Amazon, Wall, Silicon, Instacart

☆ She texted her mom on vacation: ‘I’ve met my husband.’ Here’s what happened next
▼ + stars: | 2023-09-01 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

‘Like a movie’Here's Michael and Isis on the Puerto Rico vacation in 2018. I’m already having a good time with my friends,’” Michael tells CNN Travel today. Michael and Isis’ sister were part of the same extended friend group at college, so he was intrigued to meet Isis. But Isis’ sister was, at first, less convinced. The couple started talking about moving somewhere new together and settled on Dallas, Texas, where they moved in 2019.

Persons: Woods, Michael Bradford, ”, “, who’d, Atlanta , Georgia –, Isis, Isis –, unquote, Isis ’, Michael, Isis Bradford, I’m, ’, ’ ”, ” Isis, –, Michael didn’t, Michael’s, We’re, let’s, ” Michael, she’d, Here's Michael, She’d, he’d, they’d, Isis Bradford Isis, ” “ Organizations: CNN, Caribbean, Concha Renaissance San, Resort, CNN Travel, La Concha, Puerto Rico, Washington D.C, MGM, Vegas Locations: Puerto Rico, Atlanta , Georgia, Condado, La, San Juan, Puerto, Atlanta, Washington, loggerheads, Dallas , Texas, Michael’s, Sintra , Portugal, Las Vegas, “

☆ Hollywood strike, Yellow bankruptcy likely restrained US job growth in August
▼ + stars: | 2023-09-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

As such, economists are cautioning against reading too much into any sharp deceleration in job gains when the Labor Department's publishes its closely watched employment report on Friday. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in July, according to a Reuters survey of economists. Still, employment growth would be more than the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Yellow Corp trucking filed for Chapter 11 bankruptcy in early August, leaving about 30,000 workers unemployed. "This (job growth) would be one more piece of evidence that would be consistent with that, but that also depends a lot on the upcoming inflation data."

Persons: Elizabeth Frantz, it's, Brian Bethune, Nonfarm, payrolls, Conrad DeQuadros, Dean Maki, Ellen Zentner, Morgan Stanley, Lucia Mutikani, Nick Zieminski Organizations: REUTERS, Labor, Boston College, Labor Department's Bureau of Labor Statistics, American Federation of Television, Radio Artists, Yellow Corp, Brean, Point72, Management, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Stamford , Connecticut

☆ Dried-up Texan river bed reveals perfectly-preserved tracks of 111-foot-long dinosaur
▼ + stars: | 2023-09-01 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Intense heat has caused new parts of the Paluxy River at Dinosaur Valley State Park in Glen Rose, Texas, to dry up, revealing the astonishing imprints. A view of the dried-up river Paluxy in Dinosaur Valley State Park in Glen Rose, Texas. Three-toed tracks nearby larger ones in Dinosaur Valley State Park in Glen Rose, Texas. A three-toed track inside a larger one in Dinosaur Valley State Park in Glen Rose, Texas. AdvertisementAdvertisementA wooden ruler is roughly half the size of this dinosaur track in Dinosaur Valley State Park in Glen Rose, Texas.

Persons: Paul Baker, Glen, Paul Baker Baker, Glen Rose, Jeff Davis, Davis, It's, " Baker, Baker, Paul Baker It's Organizations: Service, Dinosaur, Facebook, US Drought Monitor, Dallas Morning News, BBC Locations: Texas, Wall, Silicon, Dinosaur, Glen Rose , Texas, Dinosaur Valley, Glen Rose

☆ A couple made $34,000 in 3 months selling books on Amazon KDP. Here's how they use ChatGPT to help write their books.
▼ + stars: | 2023-09-01 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

Angelina Stanzione and Chris Rawson started selling nonfiction books on Amazon KDP in 2019. The couple has published 29 nonfiction works on Amazon KDP — 17 of which are also available as audiobooks on Audible — in four years. Rawson and Stanzione published another two nonfiction books and made $5,000 in KDP royalties in their first four months on the platform. Paying for cost-per-click ads on Amazon helps build their readershipStanzione and Rawson pay for ads on Amazon KDP but don't advertise externally. Now their KDP business income is almost passiveThe couple has made $34,500 from KDP and $5,000 from audiobook royalties in three months.

Persons: Angelina Stanzione, Chris Rawson, ghostwriters, Rawson, Stanzione, they'd, ChatGPT, Stazione Organizations: KDP, Publishing, Urban, Amazon Locations: ChatGPT, Spain

☆ Ed Ruscha’s ‘Chocolate Room’ Still Tantalizes
▼ + stars: | 2023-09-01 | by ( Travis Diehl | ) www.nytimes.com time to read: +1 min

A rich perfume wafts through the sixth floor of the Museum of Modern Art, where the installation of Ed Ruscha’s full-dress survey “Now Then” is underway. You sense it before you see it: a room where the white walls are turning velvety brown. A chocolate room. “Chocolate Room” is an oddity in Ruscha’s influential oeuvre. Of the 85-year-old Nebraska native’s hundreds of projects — paintings, prints, and photo books; dry eulogies of Americana like SPAM cans and Mobil stations and two-lane blacktop — “Chocolate Room” is his only installation.

Persons: Ed Ruscha’s, McPherson, Daniel, whisks, Robyn, Lynda, Kayla, It’s Organizations: Museum of Modern Art, La Paloma Fine Arts company, Mobil Locations: Nebraska, New York

☆ This little-known software maker can rally nearly 30% as it monetizes AI, Bank of America says
▼ + stars: | 2023-09-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Elastic looks well-situated to capitalize on the generative AI craze overtaking Wall Street, according to Bank of America. On the heels of strong fiscal first-quarter print Thursday, analyst Koji Ikeda reiterated his buy rating and $78 price target on the software maker, citing growing AI monetization opportunities. Elastic's stock is up more 20% this year, with Bank of America's price target implying 26% upside from Thursday's close. The stock popped nearly 16% before the bell after topping fiscal first-quarter results, reporting 24% year-over-year cloud revenue growth. He expects an acceleration in the company's revenue growth trajectory in the second half of the 2024 fiscal year.

Persons: Koji Ikeda, — CNBC's Michael Bloom Organizations: Bank of America, Bank of

☆ India's twin growth engines face turbulent weather
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Sept 1 (Reuters Breakingviews) - India’s gross domestic product grew 7.8% in the April to June quarter, its fastest pace in a year. The print preserves the South Asian nation’s title for the fastest-growing major economy, yet the eye-popping level may not sustain. A patchy monsoon and high food costs threaten the twin engines behind the latest headline figure. Meanwhile, El Nino weather conditions mean the winter agriculture crop could be as weak as the summer yield, keeping prices high for longer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Narendra Modi’s, Modi, Shritama Bose, Pernod Ricard, Una Galani, Thomas Shum Organizations: Reuters, Tata Consultancy Services, Reserve Bank, India’s, X, Microsoft, Thomson Locations: MUMBAI, El Nino

☆ Morgan Stanley names this tech stock a top pick, says AI server demand could boost it by nearly 25%
▼ + stars: | 2023-09-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Growing demand for artificial intelligence servers should boost shares of Dell Technologies over the long haul, according to Morgan Stanley. "Importantly, this opportunity is incremental and not yet cannibalistic to general purpose server demand," Woodring wrote. "When we then consider the Gen AI story is still in its infancy - with demand outstripping supply - we believe AI servers can remain a model tailwind for years to come." Along with the AI story, Morgan Stanley views stabilizing hardware spending and better cost management and execution as key to Dell's upside from here. DELL YTD mountain Dell shares have gained about 40% in 2023 A potential S & P 500 inclusion should also benefit Dell and expand the investor base for shares, Woodring added.

Persons: Morgan Stanley, Erik Woodring, Dell, Woodring, Toni Sacconaghi, Michael Bloom Organizations: Dell Technologies, Apple, Dell, HP, DELL

However, in a hopeful sign for growth, conditions did not materially worsen even though the survey showed factories under persistent pressure. China's major manufacturing rivals in the region Japan and South Korea also reported sharp declines in output on Thursday. "It's too early to tell, but today's print suggests that a sequential uptick in growth activity in the third quarter could still be possible," said Louise Loo, senior economist with Oxford Economics. Policymakers remain under pressure to boost domestic demand as the global economy continues to slow. Going forward, "the actual implementation and effectiveness of policy support will be the key indicator to watch," he added.

Persons: It's, Louise Loo, Pan Gongsheng, Frederic Neumann, Bruce Pang, Jones Lang Lasalle, Joe Cash, Qiaoyi Li, Ellen Zhang, Sam Holmes Organizations: REUTERS, Rights, National Bureau of Statistics, PMI, Oxford Economics, Reuters, People's Bank of, Global Research Asia, HSBC, Jones, Thomson Locations: Hangzhou, Zhejiang province, China, Rights BEIJING, Japan, South Korea, People's Bank of China, United States, Europe, Asia

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