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☆ Wild price inflation and a blocky design: Elon Musk's $60,990 Cybertruck is a totally ludicrous idea
▼ + stars: | 2023-12-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tesla's Cybertruck still makes no sense. Elon Musk livestreamed a delivery event for the pickup truck on Thursday. How it makes sense for Tesla, Elon Musk, or people's daily commutes is still anyone's guess. On its website, Tesla describes the vehicle as being "built for any planet," thanks to its durable and rugged design. "The truck looks absolutely awful.

Persons: Tesla's, Elon Musk, —, Musk, 04EfaB01Fb — Jon Erlichman, Gun, I've, Gene Munster, Morgan Stanley, Tesla Organizations: Service, Texas, Porsche, Plaid, CNBC Locations: Texas, Wyoming

☆ Expect a shift in performance from 'Magnificent Seven' to mid-sized tech in 2024, says Gene Munster
▼ + stars: | 2023-11-28 | 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 EmailExpect a shift in performance from 'Magnificent Seven' to mid-sized tech in 2024, says Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the latest market trends, Big Tech sector growth outlook , why he believes there might be more opportunities in mid-sized tech, and more.

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

☆ Why calls for oil embargo on Israel are unlikely to go anywhere
▼ + stars: | 2023-11-21 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +4 min

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) on their headquarters in Vienna, Austria, June 2, 2023. The conflict has led many analysts, oil market watchers and politicians to draw parallels with the 1973 OPEC embargo, when Arab oil producers cut off oil exports to several allies of Israel, including the United States and Britain, following the Israeli-Arab war that year. Analysts and OPEC sources, however, say that the energy world today is far different from 50 years ago, and play down any possibility of a new embargo. Last month, Iranian Foreign Minister Hossein Amirabdollahian urged members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel and expel all Israeli ambassadors. The embargo led to severe shortages with long queues forming at gas stations.

Persons: Leonhard Foeger, Israel, Hossein Amirabdollahian, Ayatollah Ali Khamenei, Ebrahim Raisi, JPM Morgan, Giovanni Staunovo, Morgan Bazilian, Mark Heinrich, Jason Neely Organizations: Organization of, Petroleum, REUTERS, Hamas, of, Reuters, Iranian, of Islamic Cooperation, OIC, Arab, Israel, GCC, Gulf Cooperation, UBS, Payne Institute, Thomson Locations: Vienna, Austria, Gaza, Iran, Israel, United States, Britain, Russia, OPEC, Riyadh, Saudi Arabia, Netherlands, Japan, U.S, Asia, China, India

☆ Microsoft will have a great position in AI in the long term, says Deepwater's Gene Munster
▼ + stars: | 2023-11-15 | 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 EmailMicrosoft will have a great position in AI in the long term, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, and CNBC’s Steve Kovach join 'The Exchange' to discuss Microsoft's new AI chips, the company's outlook on China, and more.

Persons: Deepwater's Gene Munster Gene Munster, Steve Kovach Organizations: Microsoft, Deepwater Asset Management Locations: China

☆ The advertising environment is getting tougher to navigate. How these investors are trading it
▼ + stars: | 2023-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A strong advertising market may be starting to feel the pressure from geopolitical risks erupting aboard and a higher-for-longer interest rate environment. But comments from some major technology players last week led to increasing questions that some investors have struggled to shake off. META 5D mountain Meta shares in recent trading sessions That concern added to declines in other ad-focused technology names, with Alphabet dropping nearly 10%. Instead, Tengler favors companies such as Amazon and Microsoft , which offer some, but less concentrated, exposure to advertising. Technology investor Paul Meeks is also shying away from the most popular advertising players — and big technology as a whole — until he sees a better setup for interest rates.

Persons: Susan Li, Gene Munster, Laffer, Nancy Tengler, Paul Meeks, Meeks, Roth, Rohit Kulkarni, Kulkarni, Michael Bloom Organizations: Apple, Meta, YouTube, Federal, Investments, Microsoft, Technology Locations: Israel, Munster, Ukraine

☆ Analysts are going to have to raise their AWS growth estimates, says Deepwater's Gene Munster
▼ + stars: | 2023-10-26 | 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 EmailAnalysts are going to have to raise their AWS growth estimates, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' with updates on Amazon's investor call following Q3 earnings.

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

☆ Google is investing more in AI but doing it 'judiciously', says Deepwater's Gene Munster
▼ + stars: | 2023-10-24 | 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 EmailGoogle is investing more in AI but doing it 'judiciously', says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Google and Microsoft quarterly earnings.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Google, Deepwater Asset Management, Microsoft

☆ Can Big Tech earnings save the stock market? What investors should know
▼ + stars: | 2023-10-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Big technology stocks may surprise to the upside when they report results in coming days. But even a better-than-expected quarter and companies' improved earnings and revenue forecasts may not be enough to save the market from its recent reversal, according to some professional investors. That continues Tuesday with results from Alphabet and Microsoft , followed by Meta Platforms on Wednesday and Amazon Thursday, all after the market closes. The earnings setup Heading into the earnings, many companies face easier comparisons over last year. Of the largest tech stocks, Meta Platforms is expected to show rapid revenue growth acceleration, at 21%.

Persons: Adam Sarhan, there's, Ken Mahoney, bode, Gene Munster, Bernstein's Mark Shmulik, Nvidia, Munster, Sarhan Organizations: Investments, Big Tech, Netflix, Microsoft, Meta, Federal, Asset Management, Federal Reserve Locations: what's, East, Europe

☆ 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

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