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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk inspired Zuckerberg to reduce Meta's headcount, says Deepwater's Gene MunsterGene Munster of Deepwater Asset Management discusses reports that Meta will slow hiring and consider future layoffs. Hosted 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.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shares volatile after hours following Q1 earnings reportGene Munster, Deepwater Asset Management Managing Partner, on Tesla shares after the company reported earnings today with CNBC's Melissa Lee and the Fast Money traders.
Bull case for Tesla after EV maker's revenue beats
  + stars: | 2023-04-19 | by ( Melissa Lee | ) 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 EmailBull case for Tesla after EV maker's revenue beatsGene Munster, Deepwater Asset Management Managing Partner, on Tesla shares after the company reported earnings today with CNBC's Melissa Lee and the Fast Money traders.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's $14 trillion warning: Tesla CEO unveils 'master plan' for renewable energyHosted 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. Gene Munster, Deepwater Asset Management; Gordon Johnson, GLJ Research CEO; and founder Chris Wright, Library Energy CEO, join the show to discuss Elon Musk's 'master plan' to reform the world's energy infrastructure.
After the worst year for tech since 2008 , many investors questioned whether the market could move higher in the new year without the sector's cooperation. Names such as Apple , Microsoft and Amazon gained about 27%, 20% and 23% in the first quarter, respectively, as yields pushed lower. Amid this backdrop, Alphabet shares gained 17.6% in the first quarter as the company launched it's Bard chatbot rival. Not all investors view big tech so optimistically heading into the new quarter. Much of the surge in tech stocks stems from the oversold conditions created during 2022's carnage, positioning many of these stocks for a bounce, Meeks said.
Has Nvidia come too far too fast?
  + stars: | 2023-04-04 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHas Nvidia come too far too fast? Gene Munster, Deepwater Asset Management, on the Nvidia trade with CNBC's Melissa Lee and the Fast Money traders.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's password crackdown will be a short-term tailwind, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Power Lunch' to discuss the streaming wars and Netflix's fight for subscribers.
TikTok, ByteDance spent $13M on U.S. lobbying campaign
  + stars: | 2023-03-31 | 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 EmailTikTok, ByteDance spent $13M on U.S. lobbying campaignCNBC's Brian Schwartz and Gene Munster, Deepwater Asset Management managing partner, join 'Power Lunch' to discuss Congress' attempt to ban TikTok.
Experts attribute Apple's stability and durability to CEO Tim Cook's steady leadership style. Experts say that Cook, not Twitter's Elon Musk, is the model that more execs should look to. The lessons CEOs can learn from Cook, the experts say, are that quiet prudence and practicality are always in fashion. By contrast, Cook's approach at Apple is often described as "pragmatic" and "risk averse," as Insider previously reported. Some workers see it as a precursor to the company firing employees who don't meet the requirement, Bloomberg reported.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what Apple CEO Tim Cook's visit to China means for the company and stockGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss Apple CEO Tim Cook's visit to China, what investors should do with Apple's stock, and more.
A TikTok ban is bound to happen eventually, according to Deepwater's Gene Munster. A ban could spell trouble for US stocks with business in China, which might retaliate. Munster predicted the Biden administration could allow TikTok to stay this year, in order to quell escalating tensions between the US and China. And while a TikTok ban initially seems like a positive for US rivals like Meta's Reels, the House committee showed a large concern over the app's addictiveness and its consequences on teen mental health. "When TikTok gets banned I think Meta will come back into the spotlight and have to answer the same questions that TikTok was asked."
'TikTok ban coming,' says tech watcher Gene Munster
  + stars: | 2023-03-23 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'TikTok ban coming,' says tech watcher Gene MunsterGene Munster, Deepwater Asset Management, digs in on what TikTok means for U.S. social media stocks. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Tim Seymour, Guy Adami and Dan Nathan.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix surges to best day of 2023 on password sharing crackdown in CanadaGene Munster, Deepwater Asset Management, digs in on what TikTok means for U.S. social media stocks. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Tim Seymour, Guy Adami and Dan Nathan.
Potential government action against Chinese social media giant TikTok could result in backlash that damages U.S. companies, according to traders and guests on CNBC's " Fast Money ." TikTok CEO Shou Zi Chew testified before Congress on Thursday, taking heat from both sides of the aisle. Shortly before the TikTok hearing, a China Ministry of Commerce spokesperson said the country would "resolutely oppose" a forced sale, the Associated Press reported. But the companies in the crosshairs are clearly names like Starbucks , McDonald's , and Apple 's at the top of that list. As you watch this, you see there is a huge concern about the addictive aspects of short format video and social media.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is probably the safest place to be when it comes to navigating the next 6 months: Gene MunsterGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss whether the recent news from the banking sector has changed Munster's tech outlook, Foxconn's recent warning on consumer electronic demand, and more.
Apple's annual investor day will focus on product developments
  + stars: | 2023-03-10 | 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 EmailApple's annual investor day will focus on product developments, business in ChinaDeepwater Asset Management's Gene Munster discusses what to expect from Apple's investor day.
Tech stocks are vulnerable to a sell-off this week as Jerome Powell testifies to Congress, Gene Munster said. The first half of 2023 will likely be rough for tech stocks but further strength lies ahead later this year, Munster said. "[I] suspect that he's going to be pretty hawkish, and I suspect that that's going to kind of lay the groundwork for a sell-off in tech," Munster said. Munster said Powell is poised to "retreat to his fallback position" of a more hawkish tone on monetary policy. For tech stocks, the first half of the year is going to be a difficult, said Munster.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJerome Powell's testimony could lay the groundwork for a sell-off in tech, says Deepwater's MunsterGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss what happens to tech stocks if Jerome Powell is hawkish in his upcoming comments, how Munster acts long-term towards tech stocks, and more.
This week, fans hope, he will explain what he has in mind - and perhaps how he can afford to build it. A recent Tesla engineering video showed a small car with typical Tesla curves that was assumed by company watchers to be a Model 2 sketch. Battery production also is an issue. Batteries are also likely to figure in Musk's plans for a "fully sustainable energy future" outside the car. He may also discuss solar power generation and battery energy storage - which he has said are two other pillars to a sustainable energy future.
But not every company with AI in its title, or a stake in the race, may be worth investors' hard earned cash. Given these recent developments, many investors recommend staying long Microsoft, including Sid Choraria, a portfolio manager at SC Asia. Microsoft's AI developments and the reported blunder of Google's chatbot during a promotional video have fueled concerns in recent weeks that Alphabet may be losing the AI war . "Stay focused on Alphabet," he said, adding that more AI developments should create additional revenue opportunities. Integrating an AI tool into Alibaba's business and more AI content generation should improve efficiency and boost advertising effectiveness, he added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnemployment numbers have a unique impact on tech stocks: Deepwater Asset's Gene MunsterGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss at what point Munster believes there's value in equity markets, if it's possible to bring down inflation with low unemployment, and more.
In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch. Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. In this two-horse race, Google certainly didn't do itself any favors in bumbling its own AI demo last week. But the battle will ultimately come down to Microsoft and Google, according to venture capitalist Vinod Khosla. Record highs for the stock market are within reach this year, according to Fundstrat.
Gene Munster: Google's stock plunge was a sharp overreaction
  + stars: | 2023-02-09 | 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 EmailGene Munster: Google's stock plunge was a sharp overreactionGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss Google's AI chatbot calamity, what the AI race will ultimately look like, and more.
"AI technology is probably the most critical technology for the planet in the next 20 years," VC investor Vinod Khosla said. "AI technology is probably the most critical technology for the planet in the next 20 years," Khosla told CNBC on Wednesday. He also noted that the generative AI technology behind so-called chatbots like ChatGPT and Google's Bard will recast search engines into "answer engines." Similarly, Bank of America said that while Microsoft emerged as the winner this week in AI, Google has several key long-term advantages. "One will have nimble OpenAI.
The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.
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