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☆ Elon Musk's touted successor left Tesla after a 13-year stint under the billionaire, which 'is like working 50 years for anyone else,' analyst says
▼ + stars: | 2023-08-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Zachary Kirkhorn worked 13 years under Elon Musk until he confirmed Monday that he's leaving Tesla. That number of years working for Musk is like "working 50 years for anyone else," Gene Munster said. Kirkhorn did not say why he's leaving Tesla, but called his time there a "special experience." "He's done a 13-year tour of duty working for Elon, which is like working 50 years for anyone else," Munster told Bloomberg. In his announcement on LinkedIn, Kirkhorn didn't say why he left Tesla, but thanked Musk and called his time at Tesla a "special experience."

Persons: Zachary Kirkhorn, Elon Musk, Gene Munster, Kirkhorn, Elon, Munster, Tesla, Zach, Musk, Dolly Singh Organizations: Elon, Tesla, Elon Musk's, Bloomberg, Munster, Deepwater Asset Management, SEC, LinkedIn, Twitter, Wired, SpaceX Locations: Minnesota, Munster, Tesla

☆ Apple's new investing theme is related to its active installed base, says Gene Munster
▼ + stars: | 2023-08-07 | 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 EmailApple's new investing theme is related to its active installed base, says Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the takeaways from Big Tech earnings from companies like Apple and Google, the health of the mega-cap stocks, and more.

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

☆ Apple extends post-earnings declines. Here's what the pros are saying
▼ + stars: | 2023-08-07 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple extends post-earnings declines. Here's what the pros are sayingJim Cramer, Stephanie Link of Hightower Advisors, Gene Munster of Deepwater Asset Management, Barton Crockett of Rosenblatt Securities, Joe Terranova of Virtus Investment Partners and Jason Snipe Odyssey Capital Advisors discussed Apple as the stock continued to fall following its worst week of 2023.

Persons: Jim Cramer, Stephanie Link, Gene Munster, Barton Crockett, Joe Terranova, Jason Organizations: Apple, Hightower Advisors, Deepwater Asset Management, Rosenblatt Securities, Virtus Investment Partners, Capital

A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. The Elon Musk-led firm did not specify a reason for the departure of Kirkhorn, who has been with Tesla for 13 years. He will remain with the company through the end of the year to aid a smooth transition. Taneja, 45, joined Tesla after the automaker acquired SolarCity in 2016. Musk currently leads SpaceX, Neuralink, the Boring Company and is chief technology officer at social media platform X, formerly known as Twitter.

Persons: Thomas Peter, Zachary Kirkhorn, Taneja, Elon, Kirkhorn, Tesla, Deepak Ahuja's, Musk, Elon Musk, Gene Munster, Akash Sriram, Savio D'Souza, Arun Koyyur Organizations: REUTERS, LinkedIn, Elon, Deepwater Asset Management, Wall Street Journal, SpaceX, Neuralink, Boring Company, Twitter, Thomson Locations: Beijing, China, Austin , Texas, Bengaluru

☆ All eyes on Apple: Smartphone shipments drop 24% year-over-year in Q2
▼ + stars: | 2023-07-31 | 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 EmailAll eyes on Apple: Smartphone shipments drop 24% year-over-year in Q2Hosted 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. Alex Kantrowitz, Big Technology founder, and Gene Munster, Deepwater Asset Management, join the show to discuss Apple ahead of earnings.

Persons: Brian Sullivan, “, Alex Kantrowitz, Gene Munster Organizations: CNBC, Big Technology, Deepwater Asset Management, Apple

July 25 (Reuters) - Artificial intelligence is expected to pay off big for tech giants including Microsoft (MSFT.O) and Alphabet (GOOGL.O) someday. Microsoft is bearing AI costs in two ways, analysts said: to power its own products such as its forthcoming $30-a-month Copilot AI assistant, and to serve companies wanting to use its Azure cloud computing services to create AI products. "They're buying a bunch of H100s," said Ben Bajarin, chief executive and principal analyst of Creative Strategies, referring to Nvidia's flagship chips for AI. Microsoft may be "aggressively buying Nvidia chips, given Microsoft does not have its own silicon as an alternative," said Atlantic Equities analyst James Cordwell. "The message on inflection point was the same," from Microsoft and Google, said Gene Munster, managing partner at Deepwater Asset Management, "but the difference was Microsoft investors wanted to see more."

Persons: Ben Bajarin, Ruth Porat, Scott Kessler, James Cordwell, Porat, Gene Munster, Stephen Nellis, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Sayantani Ghosh, Richard Chang Organizations: Microsoft, Nvidia Corp, Creative, Google, Deepwater Asset Management, Thomson Locations: Atlantic, San Francisco, Bengaluru, New York

☆ Google's 20 year lead in search will inform better A.I. decisions, says Deepwater's Gene Munster
▼ + stars: | 2023-07-25 | 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's 20 year lead in search will inform better A.I. decisions, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Microsoft and Alphabet's quarterly earnings reports.

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

Getting more cars on the road would help Tesla maintain its dominant U.S. market share in "turbulent times" and give it access to precious usage data needed to train the artificial intelligence models behind its self-driving technology. The billionaire believes full self-driving (FSD) could one day account for most of Tesla's value and give it a cushion rivals lack as they try to turn their EV operations profitable. "They're not an AI play the way Microsoft or Nvidia is an AI play," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments. "They're more of an AI play the way a regular business is an AI play, except that this race to full self-driving has always been an AI issue, and it's always been based on data. Wells Fargo analysts said FSD's adoption could be impeded by its price, which Musk said was low.

Persons: Elon, Musk, Tesla, Gene Munster, Lucy Nicholson, John Tomlinson, Thomas Martin, it's, Wells, Peter Henderson, Aditya Soni, Akash Sriram, Dhanya Ann Thoppil Organizations: Tesla, Deepwater Asset Management, REUTERS, Global, Research, Beta, Microsoft, Nvidia, Globalt Investments, Dojo, Thomson Locations: Los Angeles , California, U.S

☆ Tesla's Full Self-Driving feature could add $20 billion a year in revenue, Gene Munster says
▼ + stars: | 2023-07-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Tesla's FSD software could bring major gains to the company's revenue, Gene Munster said. If Tesla licenses out the technology and lowers the price, that could add up to $20 billion a year. Sharing Tesla's FSD technology could be a major boost, since competitors are likely to use a first-to-market technology instead of spending money to develop their own version. By the fifth year, that could likely expand to an additional $20 billion in annual revenue, he added. "While these targets are many years away, it illustrates the FSD licensing opportunity is meaningful and worth the wait,"Munster said.

Persons: Gene Munster, Tesla, Elon, Munster Organizations: Service, Deepwater Asset Management, Munster Locations: Wall, Silicon

☆ We're on cusp of TikTok's creator economy and Netflix needs to address that: Deepwater's Munster
▼ + stars: | 2023-07-19 | 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 EmailWe're on cusp of TikTok's creator economy and Netflix needs to address that: Deepwater's MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Netflix earnings, the impact of the creator economy on Netflix and more.

Persons: Munster Gene Munster Organizations: Netflix, Munster, Deepwater Asset Management

☆ Watch CNBC's full interview with Gene Munster and Tasha Keeney
▼ + stars: | 2023-07-19 | 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 EmailWatch CNBC's full interview with Gene Munster and Tasha KeeneyTasha Keeney, Director of Investment Analysis & Institutional Strategies at ARK Invest, and Gene Munster, Deepwater Asset Management, join 'Fast Money' to talk Tesla earnings.

Persons: Gene Munster, Tasha Keeney Tasha Keeney Organizations: Investment, ARK Invest, Deepwater Asset Management

☆ Tesla's Cyber Truck might be late but there should be a stock boost when it comes out: Gene Munster
▼ + stars: | 2023-07-19 | 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 EmailTesla's Cyber Truck might be late but there should be a stock boost when it comes out: Gene MunsterTasha Keeney, Director of Investment Analysis & Institutional Strategies at ARK Invest, and Gene Munster, Deepwater Asset Management, join 'Fast Money' to talk Tesla earnings.

Persons: Gene Munster Tasha Keeney, Gene Munster Organizations: Investment, ARK Invest, Deepwater Asset Management

☆ What Meta's Threads app means for Twitter, social media and Meta's own profits
▼ + stars: | 2023-07-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.

Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners

☆ Amazon's Prime Day starts today. Here's what the pros are saying
▼ + stars: | 2023-07-11 | by ( Christina Falso | ) 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 Prime Day starts today. Here's what the pros are sayingJim Cramer, Gene Munster of Deepwater Asset Management and Mark Mahaney of Evercore ISI discussed Amazon after its Prime Day summer sale kicked off and Wells Fargo added the stock to its Signature Picks list.

Persons: Jim Cramer, Gene Munster, Mark Mahaney, Wells Fargo Organizations: Deepwater Asset Management, Evercore ISI

☆ Retail business is a big opportunity for Amazon investors, says Gene Munster
▼ + stars: | 2023-07-11 | 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 EmailRetail business is a big opportunity for Amazon investors, says Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss Amazon's 'Prime Day' sale, why the company is becoming an enterprise services company, and more.

Persons: Gene Munster Gene Munster Organizations: Deepwater Asset Management

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

☆ Tesla extends blistering rally after quarterly deliveries beat
▼ + stars: | 2023-07-03 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

July 3 (Reuters) - Tesla (TSLA.O) shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The stock, which hit the highest in more than four months, closed up 17.4% in a holiday-shortened session. [1/2]The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. The median price target on the stock stands at $210, which is about 20% below its last closing price. Tesla has a forward price-to-earnings ratio of around 62.9, far above Ford's (F.N) 8.82 and near the 62.66 of Amazon.com (AMZN.O).

Persons: Elon Musk's, Lucy Nicholson, Gene Munster, Tesla, Bernstein, Toni Sacconaghi, Aditya Soni, Akash Sriram, Shounak Dasgupta, Sriraj Organizations: U.S, Rivian, REUTERS, Asset Management, Thomson Locations: Irvine , California, Los Angeles , California, U.S, Bengaluru

☆ Tesla's blistering rally continues after quarterly deliveries beat
▼ + stars: | 2023-07-03 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

[1/2] The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File PhotoJuly 3 (Reuters) - Tesla (TSLA.O) shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. "Tesla's price cuts are working in a big way," said Gene Munster, managing partner at investment firm Deepwater Asset Management. The median price target on the stock stands at $210, which is about 20% below its last closing price. "Our money's on Elon," said Canaccord Genuity analyst George Gianarikas, who lifted his price target on Tesla by $36 to $293.

Persons: Lucy Nicholson, Elon Musk's, Gene Munster, Tesla, Bernstein, Toni Sacconaghi, Canaccord, George Gianarikas, Aditya Soni, Shounak Dasgupta Organizations: REUTERS, Asset Management, Thomson Locations: Los Angeles , California, U.S, Elon

☆ Apple's Vision Pro is going to surprise investors, says Deepwater's Gene Munster
▼ + stars: | 2023-06-30 | 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's Vision Pro is going to surprise investors, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Closing Bell' to discuss Apple setting to close above the historic $3 trillion mark.

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

☆ I think we are going to get a pullback in tech, says Deepwater Asset’s Gene Munster
▼ + stars: | 2023-06-23 | 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 EmailI think we are going to get a pullback in tech, says Deepwater Asset’s Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the Fed's rate hike campaign, its impact on the chip and tech sector at large, and more.

Persons: Asset’s Gene Munster Gene Munster Organizations: Asset’s, Deepwater Asset Management

☆ Tesla owners will hate waiting in charging lines behind Ford and GM cars, analyst says
▼ + stars: | 2023-06-12 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Tesla owners have previously enjoyed sole access to the company's charging stations. Tesla owners probably won't be very happy that the EV maker is opening up its Supercharger network to outsiders. Tesla's Supercharger network is comprised of some 7,000 locations in North America, according to the Department of Energy. But allowing other car owners to use the network may also eventually benefit Tesla owners, too. How do you feel about Tesla allowing other EV owners to use the Supercharger network?

Persons: Tesla, Craig Irwin, you've, Irwin isn't, Gene Munster, Cathie Wood, Wood, CThompson Organizations: General Motors, Ford, Morning, Detroit automaker, GM, Roth Capital Partners, Yahoo Finance, Deepwater Asset Management, CNBC, Department of Energy, Ark Invest Locations: North America

☆ What Apple's entry into virtual reality means for the future of Meta Platforms and the metaverse
▼ + stars: | 2023-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Meta Platforms ' vision to sell a future where people work, play and mingle in a virtual world may finally be getting its long-overdue validation thanks to an unlikely partner. Apple on Monday unveiled its highly anticipated mixed reality product, known as Vision Pro , at its annual Worldwide Developers Conference . So confident in the bright future of the metaverse, Facebook rebranded itself as Meta Platforms in 2021 to better reflect its vision beyond social media. More than a year and a half later Apple's metaverse entry may finally offer the much-needed support to Meta's overambitious vision, and lure once skeptical investors back to the virtual world. With the company — and metaverse vision — so dependent on consumer adoption, this creates a difficult near-term setup, Meeks said.

Persons: It's, Mark Zuckerberg, Gucci, Meta's, Gene Munster, Wall, Paul Meeks, JPMorgan's Samik Chatterjee, Advisors Capital Management's JoAnne Feeney, Meeks, Davidson's Tom Forte, scoffed, Apple's, Feeney, Bernstein's Toni Sacconaghi Organizations: Apple, Developers, Facebook, Walmart, Grill, Independent Solutions Wealth Management, Advisors Capital, Munster, Quest

☆ Tesla may just be starting to unlock its true potential
▼ + stars: | 2023-06-10 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +5 min

Tesla will let Ford and GM access its Supercharger network starting in 2024. Tesla is beginning to show just how much potential its technology and infrastructure really have. Starting in 2024, both automakers will be able to give their customers access to Tesla's expansive charging network with adapters. But this may just be the beginning of Tesla starting to cash in on its proprietary technologies. Even with the addition of Ford, GM, and other car makers," Munster said.

Persons: Tesla, Elon Musk, Dan Ives, Musk, What's, Cathie Wood, Wood, Gene Munster, They've, Munster, It's, Ives Organizations: Ford, GM, EV, Wedbush Securities, CNBC, Ives, Apple, Ark, Deepwater Asset Management, Supercharging Locations: North America

☆ Tesla-GM partnership 'more of a move for greater EVs than a positive for Tesla', says Gene Munster
▼ + stars: | 2023-06-09 | 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-GM partnership 'more of a move for greater EVs than a positive for Tesla', says Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the GM-Tesla partnership, the EV landscape at large, and more.

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

☆ One of our recent top-performers is not in tech. Here's how the stock has been creeping higher
▼ + stars: | 2023-06-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

It's Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. F 1M mountain Ford Motor's stock performance over the past month. When granted access, current electric vehicles from Ford and GM will have to use an adapter at Tesla's charging stations. "They have to adopt at this point," suggesting they'll also likely have to rely on a Tesla partnership. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's Ford, Tesla, Wall, Ford, Gene Munster, Munster, they'll, we've, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Nasdaq, Ford, General Motors, GM, EV, Deepwater Asset Management, CNBC, Tesla, Wall Street, Management, Ford Motor Co, Washington Auto, Washington , D.C, Bloomberg, Getty Locations: —, Washington ,

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