Baidu surges after claiming AI tool nearing launch
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StreetInsider.com Top Tickers, 4/24/2024
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Meta Platforms (META) restores Donald Trump's Facebook, Instagram pages
February 9, 2023 1:49 PM ESTAfter a two-year suspension Meta Platforms (NASDAQ: META) has reinstated former US President Donald Trump's Facebook and Instagram accounts, it was revealed on Thursday.
In January, Meta said it would end Trump's suspension in the next few weeks and impose stricter... More
BTIG Says Now is Time to Fade Tesla (TSLA) Rally, 'Even if you are bullish on the name, these levels appear overextended'
February 9, 2023 11:33 AM ESTBTIG Says Now is Time to Fade Tesla (NASDAQ: TSLA) Rally.
CMT Jonathan Krinsky comments "Tesla (TSLA, Not Rated) is working on its 8th consecutive up day. It has more than doubled off its January 6th low. The 24-day rate-of-change (87%) is the... More
Lucid Group (LCID) enters Tesla-led price war with $7,500 EV credit offer
February 9, 2023 10:49 AM ESTLucid Group (NASDAQ: LCID) announced Thursday that the American EV company will be offering a new $7,500 credit for customers buying select variants of the Air luxury electric car. The credit unofficially announces the groups entry into what is being called a Tesla-led price war.
The recent... More
Lucid Group (LCID) responds to competitor price cuts with new EV credit
February 9, 2023 10:32 AM ESTAmerican electric vehicle maker, Lucid Group, Inc. (NASDAQ: LCID) announced Thursday that, starting today, new customers can receive a $7,500 EV credit when they purchase a new Lucid Air. The limited time offer is available for select configurations of Lucid Air Touring and Air Grand Touring models purchased by March 31, 2023.
"We think... More
Increasing competition and share losses have Bernstein doubting Tesla (TSLA)
February 9, 2023 7:52 AM ESTBernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) as electric vehicle makers report 2022 numbers.
2022 was another year strong year for EV growth. Battery EVs grew ~70% from 3.8M to 6.5M, on top of a strong comp of ~110% in 2021. Amid an overall decline in the auto market, BEVs now account for 8.3% of total light vehicle volumes.
Despite unit growth of 40%, Tesla's BEV share actually declined from 25% in 2021 to 20% in 2022, and down ~800 bps from its peak of 28% in 2020.... More
Evercore ISI Defending Alphabet (GOOGL), Says 'GOOG’s AI technology is at least as good as the competition'
February 8, 2023 1:29 PM ESTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $125.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "Google hosted a Google Presents event this morning focused on new AI-powered services across some of its key consumer products primarily Search & Map, with a muchanticipated (though lightly-teased) answer to ChatGPT Bard.... More
Atlantic Equities on Alphabet (GOOGL) Following Microsoft (MSFT) AI Bard: 'potentially impact profitability in the search market'
February 8, 2023 11:33 AM ESTAtlantic Equities analyst James Cordwell reiterated an Overweight rating and $115.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "...the launch does intensify competition and potentially impact profitability in the search market, with this development thus more of a negative for... More
Beep Inc. appoints three new executives in leadership expansion
February 8, 2023 10:20 AM ESTAutonomous mobility company, Beep, Inc. announced Wednesday that the company has expanded its leadership team with the appointments of three new executives to aid in the scalability of their next generation platform.
Katrina Heineking joins Beep as Executive Vice President, Operations, bringing more than three decades of experience in transit systems in the public and private sectors. Prior to joining Beep, Katrina was responsible for helping create and head... More
ChatGPT vs Bard: BofA says Google (GOOGL) 'well prepared' for AI war
February 7, 2023 9:28 AM ESTThe artificial intelligence (AI) war is heating up with investors seeking to increase exposure to AI-focused stocks.
Google (NASDAQ: GOOGL) yesterday presented Bard, its own AI service that should compete with ultra-popular ChatGPT, developed by Microsoft-backed (NASDAQ: MSFT) OpenAI. Google is also integrating AI capabilities in Search to help digest complex information into easy formats. Bard is based on LaMDA - Googles in-house Transformer-based neural language model.
Bank of America analyst... More
Baidu (BIDU) surges 15% on AI news
February 7, 2023 6:46 AM ESTBaidu (NASDAQ: BIDU) now trading up 15% after announcing it is close to completing tests of an AI project akin to Microsoft-backed ChatGPT.
... More
