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☆ Why the gender pay gap has barely budged in decades, according to new Yale research
▼ + stars: | 2024-07-30 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

New research from Yale indicates that while the gender pay gap has been closing for decades, progress has nearly stalled since the mid-1990s — and women aren't benefiting from the incremental improvements. That's according to a working paper led by Jaime Arellano-Bover, a lecturer of economics at the Yale School of Management. However, by the late '90s and early 2000s, the pay gap among young workers stopped narrowing. Meanwhile, the research suggests that the retirement of older workers with wider gaps is the sole contributor to decreasing the gender pay gap overall. The study's findings challenge the assumptions that the narrowing gender pay gap is the result of better career opportunities for women, Arellano-Bover says.

Persons: Jaime Arellano, That's, Arellano, Bover, Rather Organizations: Yale, Yale School of Management, Census, National Women's Law, Arellano, Bover, CNBC

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TD Cowen raised its price target on Apple shares to $250 ahead of earnings later this week. The firm upgraded the conglomerate to buy from hold and raised its price target to $150 per share from $110. Jonas maintained an overweight rating on Tesla stock with a $310 price target, implying more than 41% upside from Friday's $219.80 close. The analyst upgraded the chemicals stock to overweight from neutral, and reiterated a $55 per share price target. — Brian Evans 5:49 a.m.: TD Cowen raises Apple price target ahead of earnings Artificial intelligence is going to be a main driver to Apple going forward, and the company's upcoming earnings release could reflect that, according to TD Cowen.

Persons: TD Cowen, Guggenheim, Morgan Stanley, Tesla, 3M's, Bill Brown, Nicole DeBlase, DeBlase, — Brian Evans, Adam Jonas, Jonas, Brian Evans, Jeffrey Zekauskas, Olin, Piper Sandler, Charles Schwab, Charles Schwab's, Schwab, Patrick Moley, AAPL, Krish Sankar, Sankar, John DiFucci, Fred Imbert Organizations: CNBC, Apple, Technologies, Ford, Deutsche Bank, EV, JPMorgan, Olin, Huawei, Akamai Technologies, Guggenheim, Security Locations: U.S, Friday's, China

☆ China’s summer of devastating floods shows steep challenge as it grapples with extreme weather
▼ + stars: | 2024-07-22 | by ( Simone Mccarthy | Joyce Jiang | ) edition.cnn.com time to read: +9 min

Villagers clean rubbish after torrential rains caused flooding in Meizhou, Guangdong province of China on June 19. John Ricky/Anadolu/Getty ImagesA man drives through a muddy street in the aftermath of flooding from heavy storms in Meizhou, Guangdong province last month. “All my hard work for a year has come to nothing.”A road is flooded following heavy rainfall in Jiangxi province on July 4. China’s government has mounted a top-down effort to revamp how the country responds to extreme weather in recent years after 2021 floods in Henan’s Zhengzhou killed more than 300 people. But there have been past issues of misappropriation of state recovery funds, for example following the deadly 2021 floods in Zhengzhou.

Persons: John Ricky, –, Xi Jinping, it’s, “, Tingshu Wang, ”, Hongzhang Xu, Typhoon Doksuri, Li Zhao Organizations: Hong Kong CNN, Getty, Communist Party, AFP, China’s Ministry of Emergency Management, Agricultural Television, Retailers, Workers, CNN Weather, ” Observers, Australian National University, Reuters, Greenpeace East, “ Locations: China, Hong Kong, sweltering Henan, Nanyang, speedboats, Meizhou, Guangdong province, Guangdong, AFP, Guangzhou province, Henan, Hunan, Lake, Henan’s Nanyang, Jiangxi province, Shaanxi, Sichuan, Hunan province's Changsha, Chongqing, Hainan, Zhengzhou, breadbasket, Jiangxi, Munich, Greenpeace East Asia, Beijing, –

☆ Millennials will inherit $90 trillion by 2034. 3 reasons they'll supercharge the ETF market, according to $4.3 trillion State Street.
▼ + stars: | 2024-07-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Namely, millennials invest in exchange-traded funds more than any generation before them, according to State Street Global Advisors' 2024 ETF Impact Survey. AdvertisementOverall, State Street, which manages $4.3 trillion in assets, found that boomers are doomers when it comes to the overall economic outlook. State Street Global AdvisorsMillennials across the world are also more likely than any other generation to hold ETFs in their portfolios. AdvertisementETFs also offer easy liquidity, especially when compared to the mutual funds that are popular with older demographics. Investors can't trade mutual funds intraday because trades are executed once a day after the 4 p.m. market close.

Persons: —, aren't, Scott Chronert, Chronert, millennials, Michael Arone, Vanguard Russell, Russell, That's Organizations: Service, Street Global Advisors, Business, State Street Global Advisors, Mutual, Citigroup, Bank of America, State, Trust, Vanguard, Nasdaq, Boomers, Bond, Bond Market, State Street, Galaxy Asset Management, Street Locations: Australia, Singapore, Japan

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☆ How the world’s tech crashed all at once
▼ + stars: | 2024-07-19 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —When computers and tech systems around the world went down Friday, snarling airports, closing Social Security offices and limiting jail operations, many people had one question: How on Earth could this happen in 2024? CrowdStrike is everywhereNumerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Computers running Microsoft Windows — one of the most popular software programs in the world — crashed because of the faulty way a code update issued by CrowdStrike is interacting with Windows. Anne Neuberger, a senior White House tech and cybersecurity official, spoke of the “risks of consolidation” in the tech supply chain when asked about the IT outage on Friday. The infamous hack of the US government using SolarWinds software in 2020, which US officials blamed on Russia, came through a tampered software update.

Persons: Costin, CrowdStrike, Munish Walther, Puri, “, ” Walther, Anne Neuberger, ” Neuberger, ” Tobias Feakin Organizations: CNN, CrowdStrike, Windows, White House, Aspen Security Locations: New York, Russia, Russian

The annual and lifetime borrowing limits on subsidized loans are more rigid than unsubsidized loans. Year Dependent Students Independent Students First-Year Undergraduate Subsidized: $3,500 Unsubsidized: $5,500 Subsidized: $3,500 Unsubsidized: $9,500 Second-Year Undergraduate Subsidized: $4,500 Unsubsidized: $6,500 Subsidized: $4,500 Unsubsidized: $10,500 Third-Year and Beyond Undergraduate Subsidized: $5,500 Unsubsidized: $7,500 Subsidized: $5,500 Unsubsidized: $12,500 Graduate or Professional Student N/A Unsubsidized: $20,500 Aggregate Loan Limit Subsidized: $23,00 Unsubsidized: $31,000 Subsidized: Undergraduate: $23,000Graduate or Professional Students: $65,500 Unsubsidized Undergraduates: $57,500Graduate or Professional Students: $138,500Time limitsFor subsidized loans taken out after July 1, 2013, there is a limit to how many academic periods you can receive funds. Interest rates and feesFor undergraduate students, subsidized and unsubsidized loans charge the same interest rate. Subsidized and unsubsidized loans: ConclusionBoth subsidized and unsubsidized loans can be crucial tools for financing your education. Prioritize subsidized loans, understand the implications of unsubsidized interest, and make informed borrowing decisions.

Persons: You'll, they're Organizations: Education, Department, Federal Student Aid, Chevron Locations: deferment

☆ Goldman says this investment is seen as a potential Trump trade and it's jumping Monday
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Russell 2000 gained 6% last week, its best week of the year, and looks poised to rally further on Monday. A cool consumer price index report last week was seen as a major catalyst for small caps, as it suggested interest rates could go lower. "Many investors view small caps as a potential 'Trump trade,' but the path for small cap outperformance is a narrow one," the note said. Kostin said that small caps outperformed after Trump's 2016 election, but that was when interest rates were much lower. The Goldman note was published before the attempted assassination of Trump on Saturday.

Persons: Donald Trump, Goldman Sachs, Russell, David Kostin, Joe Biden, PredictIt, Kostin, Trump, Goldman Organizations: Republican, Trump

Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific island nation of Kiribati May 25, 2013. CHINESE INTEREST AS WESTERN BANKS EXIT"The proposed World Bank project is a creative way of addressing the challenge of de-risking and small scale in Pacific Island countries," said Lalita Moorty, the World Bank's East Asia and Pacific director for prosperity. Without access to overseas banks, Pacific countries would struggle to receive remittances - a key component of their economies - welcome holidaymakers or trade with the wider world. "It can create instability for the financial system," said Denton Rarawa, senior economics adviser at the Pacific Islands Forum. "What we're saying is that if you're not going to address concerns and issues we have, Pacific countries will start looking elsewhere for support."

Persons: David Gray, Solomon, Lalita Moorty, Denton Rarawa, Mark Brown, Janet Yellen, Ariff Ali, Lewis Jackson, Lucy Craymer, Ziyi Tang, William Mallard Organizations: REUTERS, Villagers, WELLINGTON, Bank, U.S, Pacific Islands, World Bank, Pacific, ANZ Bank, Westpac, Bendigo Bank, Bank of China, Reuters, Cook, U.S . Treasury, Federal Reserve, Reserve Bank of Fiji, Thomson Locations: Tangintebu, South, Pacific, Kiribati, SYDNEY, Australia, China, Washington, Nauru, Solomon Islands, Taiwan, Beijing, U.S, East Asia, Papua New Guinea, Vanuatu, Tonga, Samoa, Brisbane, Pacific Islands, Sydney, Wellington

☆ Buy these stocks ahead of earnings, including this Nvidia peer, Bank of America says
▼ + stars: | 2024-07-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Earnings season is revving up, and Bank of America has picked out a series of stocks to buy in advance of their quarterly reports. CNBC Pro combed through top research from Bank of America to find buy-rated stocks ahead of earnings. Other positive catalysts include "higher power prices, upward revisions to transmission revenues [and] accretive asset sales," Pereira wrote. Meanwhile, competition remains fierce from the likes of Nvidia , but Arya said he's standing by Broadcom's "best-in-class management team." … It commands ~83% market share & we think it stands to further dominate the space as metal card issuance soars.

Persons: Arthur Pereira, Pereira, Vivek Arya, Arya, Broadcom's, Cassie Chan, Chan, CompoSecure, … EDU, CMPO Organizations: Bank of America, CNBC, Broadcom, Eletrobras, Taiwan Semiconductor Manufacturing, Oriental Education & Technology, VMware, Nvidia, New, Taiwan Locations: U.S, China

☆ What if the A.I. Boosters Are Wrong?
▼ + stars: | 2024-07-13 | by ( Bernhard Warner | Sarah Kessler | ) www.nytimes.com time to read: +1 min

would contribute only “modest” improvement to worker productivity, and that it would add no more than 1 percent to U.S. economic output over the next decade. That pales in comparison to estimates by Goldman Sachs economists, who predicted last year that generative A.I. The bullish camp has great hopes for A.I. Sam Altman of the ChatGPT maker OpenAI sees A.I. of Nvidia, the dominant maker of the chips used to power A.I., says the technology has ushered in “the next industrial revolution.”

Persons: Daron Acemoglu, Acemoglu, Goldman Sachs, Sam Altman, OpenAI, Jensen Huang, ” Organizations: A.I, Nvidia Locations: O.E.C.D

☆ Consumers are getting 'really choosy' as cracks emerge. Here's what that means for investors
▼ + stars: | 2024-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Pressures faced by lower-income consumers have been smoothed over by robust spending from the middle- and higher-income cohort. 'A shift in priorities' Even with cracks emerging in the consumer, many investors anticipate a soft landing for the economy. "They are spending, but they're being more particular than they were before in terms of what they're spending on," she added. "As more consumers shift their meal preferences to eating at home as opposed to eating out, that could provide a catalyst to lift these stocks valuations," he wrote. Sekera also noted travel as one area where consumers are continuing to spend, even as they pull back on other purchases.

Persons: Bill Merz, They're, Lindsay Rosner, there's, Dave Sekera, Morningstar, Kraft Heinz, Kellanova, Sekera, Goldman Sachs, Rosner Organizations: PepsiCo, U.S, Bank Asset Management, Goldman Sachs Asset Management, HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Walmart, Target, Kraft Locations: U.S, delinquencies

☆ Global population to peak within this century as birth rates fall, United Nations report says
▼ + stars: | 2024-07-12 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

The world population is on course to peak earlier than expected this century as some of the world's largest countries face declining birth rates, according to the United Nations. According to the organization's biennial World Population Prospects report, global population is projected to peak at around 10.3 billion in the mid-2080s from the current 8.2 billion. The UN in 2022 had estimated the world population would peak at 10.4 billion by the 2080s. The total population of these countries is stipulated to fall by 14% over the next 30 years. For 126 countries including the United States, India, Indonesia, and Pakistan, population is expected to peak in the second half of the century or later.

Persons: Li Junhua, Li Organizations: United Nations, UN, Economic, Social Affairs, Central African, Democratic Locations: China, South Korea, Spain, Italy, Germany, Japan, Russia, Niger, Somalia, Central African Republic, Democratic Republic of Congo, United States, India, Indonesia, Pakistan

☆ Earnings in the week ahead could be the next catalyst for a broadening market
▼ + stars: | 2024-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

IWM 5D mountain iShares Russell 2000 ETF Next week's earnings results will help investors glean whether that rotation trade is sustainable. The Dow Jones Industrial Average, which is weighted more toward the real economy than is the S & P 500 and Nasdaq, rose to a new record above 40,000. According to FactSet consensus estimates, S & P 500 companies are set to post blended earnings growth of 9.2% in the second quarter. "It's not unthinkable to see us exiting this year at 5,800 on the S & P," he said. This follows a difficult 2Q, when 75% of Large Cap Core managers trailed the S & P 500," Palfrey wrote.

Persons: Patrick Palfrey, Hogan, Keith Buchanan, Buchanan, Palfrey, David Sekera, Quincy Krosby, Goldman Sachs, Morgan Stanley, Huntington Organizations: Nasdaq, UBS, Investors, Riley, Dow Jones, Globalt Investments, Riley Securities, Big Tech, Core, LPL, BlackRock, Bank of America, Taiwan Semiconductor, Price, Retail, Hunt Transport Services, State, PNC Financial Services, UnitedHealth, United Airlines, Discover Financial Services, U.S . Bancorp, Johnson, Citizens Financial Group, Philadelphia Fed, Netflix, T Bank, KeyCorp, American Express, Halliburton, Fifth Third Bancorp, Regions Locations: Nasdaq, NAHB, Horton, Blackstone, Taiwan

☆ AT&T's massive data breach deepens crisis for Snowflake seven weeks after hack was disclosed
▼ + stars: | 2024-07-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022. Snowflake has spent the past seven weeks dealing with the fallout of a major cyberattack that compromised sensitive customer data at several of its clients. The data includes phone numbers, aggregate call duration and some cell site details, AT&T said in the filing. It is the most severe incident since Snowflake disclosed the breach on May 30, writing in a blog post at the time, "We became aware of potentially unauthorized access to certain customer accounts on May 23, 2024." Mandiant blamed the hack on a financially motivated group it calls UNC5537, with members in North America and Turkey.

Persons: Sridhar Ramaswamy, Snowflake, Mandiant, UNC5537 Organizations: Telecommunications, AT, CNBC, Nasdaq, LendingTree, Ticketmaster, Santander Bank Locations: Toronto, Snowflake, North America, Turkey, Santander

Bank of America, meanwhile, raised its price target on Costco after the company announced an increase to its membership fees. Analyst James Heaney assumed coverage of Roblox with a hold rating — down from a buy — and $42 price target, which implies a 5.9% potential increase. Rakers' new target price suggests the stock — which is up 24.8% this year — could gain another 11.4%. Analyst Robert Ohmes upped his price target by $88 to $962 on Costco, suggesting shares could gain 8.8%. Its price target of $385 implies upside of 26.2% from Wednesday's close.

Persons: Jefferies, Roblox, downgrades, James Heaney, Heaney, RBLX, — Pia Singh, Wells, Aaron Rakers, Rakers, Wamsi Mohan, Mohan, There's, Robert Ohmes, Ohmes, Fred Imbert Organizations: CNBC, Spotify Technology, Bank of America, Costco, Silo AI, Silo, AMD, Apple, of America, Apple's, Conference, U.S, Apple Vision, America, Jefferies, Spotify Locations: Wells Fargo, Europe, North America, Nod.ai, U.S, China, India, Canada, Wednesday's

☆ Shares of 6 mega-cap companies that run the economy should dominate the stock market
▼ + stars: | 2024-07-11 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The market is only driven by a handful of massive tech stocks – and therefore, it's built on a weaker foundation than a market advancing on a broader swath of its constituents. Companies don't lose dominance or stock leadership because they were dominant the last time we had a bull market. We trimmed Nvidia, Meta Platforms, Palo Alto Networks , and five other tech stocks at the beginning of the year. Would the market suddenly become more investible if we broke up the Super Six into say 15 different companies and stocks? However, we don't think they are a reason to bail entirely on any of these names.

Persons: it's, Jim Cramer, Jim, they've, we've, we're, Jim Cramer's, Spencer Platt Organizations: Club, Super, CNBC, Apple, Microsoft, Meta, Nvidia, Fed, Barclays, Big Tech, IBM, Palo Alto Networks, Palo Alto, United Parcel Service, Google, Facebook, Gmail, Amazon, Services, Jim Cramer's Charitable, The New York Stock Exchange, Nasdaq, Getty Locations: Eaton, Dover, 2Q24, U.S, Manhattan, New York City

☆ Here's where — and how — the super-rich are investing, according to a wealth manager
▼ + stars: | 2024-07-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The super-rich have a very different mindset toward investing than the average person, wealth manager Robert Fraser says. Fraser named real estate as another asset class the ultra-rich like, with many owning properties and earning rental income. "Billionaires love real estate — it brings benefits to owners like growth through inflation, depreciation, tax-deferral and long-term capital gains," Fraser added. He suggests that the remaining funds be channeled into real estate — starting with single family residences and eventually diversifying into industrial properties, multi-family residences and retail real estate. "It is good for the average investors regardless of whether they are accredited to be in real estate.

Persons: Robert Fraser, Fraser, cryptocurrencies — Organizations: Aspen Funds, CNBC Pro, Forbes, Yale Endowment Fund Locations: U.S

☆ Financial ETF nears substantial breakout, according to the charts
▼ + stars: | 2024-07-10 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The charts indicate the ETF could be nearing a substantial breakout attempt. The ETF is comprised of five industries: financial services (33%), banks (26%) capital markets (21%), insurance (16%) and consumer finance (4%). Daily Bullish Pattern First, here's the daily chart. The SPX finally eclipsed its 2007 high in 2013; the XLF reclaimed its 2007 high in 2021, but that didn't hold. Putting it all together, a successful daily pattern breakout also would help the much bigger weekly pattern break out, which would finally create distance from the 2007 high and prompt a multi-decade breakout.

Persons: Banks, XLF, it's, that's, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Meta, Alphabet, Amazon, RH, Netflix & more
▼ + stars: | 2024-07-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Goldman Sachs reiterates Alphabet and Meta as buy Goldman said it's sticking with its buy rating on shares of Alphabet and Meta. Bank of America reiterates Apple as buy Bank of America said its checks show App Store revenue increasing for Apple. KeyBanc reiterates Nvidia as overweight KeyBanc said it's sticking with its overweight rating on Nvidia shares. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla shares. " "We initiate coverage on JMIA with a Buy rating and a PT of $14."

Persons: Goldman Sachs, Goldman, Stifel, Jefferies, TD Cowen, it's, Piper Sandler, Piper, KeyBanc, Raymond James, Exscientia, Cowen, Morgan Stanley, Wolfe, Markel, it's bullish, Robinson, Tesla Organizations: Amazon, Netflix, YouTube, Mobile, Bank of America, " Bank of America, Apple, Nvidia, UBS, Group, Citizens, Investment, Ventures, Mizuho, First Bancorp, of America, JPMorgan, Technologies, Pan Locations: destocking, UW, F3Q, SensorTower, BRX, Puerto Rico, Pan -

☆ Citi says take profits in AI 'highfliers,' gives safe alternatives if tech shares start to fall
▼ + stars: | 2024-07-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to consider taking profits in some high-flying artificial intelligence names, according to Citi. The value of AI linchpin Nvidia has more than doubled year to date, while Super Micro Computer has tripled. Given this backdrop, Pettit recommends investors take profits in popular AI names — most notably the enabler stocks like semiconductors — and allocate funds "across the theme's value chain." MCD YTD mountain Shares this year Several popular consumer staples stocks are in the basket, including Kraft Heinz and J.M. Hartford Financial Services Group is the most negatively correlated stock in the basket, with shares up 25% this year.

Persons: propping, Drew Pettit, Pettit, Kraft Heinz, J.M, Chubb Organizations: Citi, Nvidia, Gilead Sciences, Hartford Financial Services, Allstate, Honeywell, Exxon Mobil . Correction Locations: Biopharmaceutical

The next round of filings for spot ether ETFs with the SEC is due today, part of the ongoing regulatory process required before spot ether ETFs can be launched. One thing's for sure: the launch of spot bitcoin ETFs this year has been a success. That's still true for this year, but two of the top 10 ETF inflows year to date have been into spot bitcoin ETFs: iShares Bitcoin Trust (IBIT) at number four, and Fidelity Wise Origin Bitcoin Trust (FBTC) at number eight. Would 50% of the inflows of the spot bitcoin ETF be a win? We'll talk about this with Matt Hougan from Bitwise Asset Management, one of the applicants for a spot ether ETF.

Persons: That's, iShares, Matt Hougan, Matt, Nate Geraci Organizations: SEC, Nasdaq, Fidelity, Bitcoin, Stock, Aggregate, Blackrock US, Bitwise Asset Management, Edge

☆ Wall Street thinks the US economy is getting back to normal. The election could change that
▼ + stars: | 2024-07-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Inflation is easing, and so is economic growth – that combination means interest rate cuts could be on their way. Before the Bell spoke with Michael Reynolds, vice president of investment strategy at Glenmede, about investors, the economy and political landscape. We recognize that to have a thesis on the economy is to have a thesis on the consumer. The global market value for adult diapers was pegged at $12.8 billion in 2023, according to market research provider Euromonitor International.

Persons: Joe Biden, Bell, Michael Reynolds, we’ve, there’s, That’s, We’ve, Fumio Kishida, Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, Nasdaq, Federal, DC, Traders, Fed, Federal Reserve, United Nations, UN, Euromonitor, Oji Holdings, Flags Locations: New York, Japan, China, Indonesia, Malaysia, United States

☆ These are the best ways to play GenAI as it disrupts new industries, according to RBC
▼ + stars: | 2024-07-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme. Other technology giants have followed suit, with Amazon closing above a $2 trillion market value for the first time ever last month. Against this backdrop, RBC Capital Markets highlighted some of its favorite ways to play the theme beyond the classic winners, viewing AI as the "next disruptive mega-trend." While the social media giant has already gotten a boost from the trend, RBC Capital Markets expects shares to benefit from a world where digital advertisers market toward AI and virtual assistants. RBC Capital Markets also highlighted a handful of software stocks that could win big as AI proliferates, viewing the tool as a "revenue enhancer and profitability expander" that may take three to five years to materialize.

Persons: behemoths, GenAI, CrowdStrike, Eaton, Thomson Organizations: RBC Capital Markets, Nvidia, RBC Capital, Adobe, Accenture, Thomson Reuters Locations: Shopify

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