General News

By Blake Brittain

(Reuters) - Tesla has sued its former supplier Matthews International in California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with the electric-vehicle giant's competitors.

The lawsuit, filed on Friday in U.S. District Court for the Northern District of California, said Matthews owes damages that Tesla "conservatively estimates will exceed $1... (continue reading...)

Investing.com -- The "artificial intelligence party" for technology stocks is "just beginning" and should lead to a wave of customer spending on Microsoft (NASDAQ: MSFT)'s AI-optimized products, according to analysts at Wedbush.

In a note to clients on Sunday raising their price target for Redmond, Washington-based Microsoft's stock to $550 from $500, the Wedbush analysts said that "recent AI customer checks" indicate that the monetization of Microsoft's AI-powered... (continue reading...)

By Tom Hals

WILMINGTON, Delaware (Reuters) - Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it "significantly impacts" her ruling voiding the pay, according to a letter made public on Monday.

Tesla wrote to Chancellor Kathaleen McCormick that the parties in the pay package case should now lay out their legal interpretations of Thursday's... (continue reading...)

According to Bank of America, ARM and Micron Technology (NASDAQ: MU) are poised to be significant beneficiaries as artificial intelligence (AI) capabilities expand to on-device applications in phones and PCs.

Bank of America analysts noted, "Edge AI is a nascent but important market," emphasizing the growing role of compute and memory chips in this domain.

The bank stated that while it's still early days with no must-have AI apps for phones and PCs, consumer hardware... (continue reading...)

Investing.com -- Mega-cap technology stocks will see a "material" increase in expenditures in 2024 as they push to build out their artificial intelligence capabilities, according to analysts at Bank of America Securities.

In a note to clients on Monday, the analysts predicted that Google-owner Alphabet (NASDAQ: GOOGL), Facebook-parent Meta Platforms (NASDAQ: META), and e-commerce giant Amazon (NASDAQ: AMZN) will see annual capital spending on servers and equipment jump... (continue reading...)