Alphabet’s (GOOGL) Waymo and Aurora (AUR) hit speed bump as union opposes safety exemption for driverless trucks

Zeekr launches compact electric SUV, targets European market

Chinese electric vehicle maker Zeekr announced Wednesday that the automaker launched a compact, all-electric sport utility vehicle, as it targets a premium market in China that has been dominated by German automakers. The company also announced plans to offer the SUV-styled Zeekr X and its Zeekr 001 EV sedan in Western Europe, but would not disclose when that would be.

With a starting price of 189,800 yuan ($27,615.31) in China, the Zeekr X offers... More

Waymo self-driving vehicles pull over in California due to fog

Waymo, the self-driving technology segment of Alphabet Inc (NASDAQ: GOOGL), said Wednesday that some of their vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

The incident occurred around 6AM Pacific time on... More

House committee chair Gallagher 'concerned' by Tesla (TSLA) dealings with China

Mike Gallagher, a Republican representative from Wisconsin and chair of the U.S. committee on China voiced his concerns Monday evening about electric carmaker Tesla Inc's (TSLA.O) dependency on China.

The Chairperson said he would like to know how Tesla's CEO Elon Musk balances U.S. government support for Tesla and its operations in China. The statements came one day after the CEO announced in a tweet that Tesla plans to open a Megapack battery factory in Shanghai.

"I'm concerned about this,"... More

AWS, Microsoft Azure and Google Cloud � Street Growth Expectations Are Still Too High - UBS

UBS analyst Karl Keirstead on cloud growth:

"Even below-Street investor growth expectations may prove to be too high. For Microsoft, we maintain our in-line 3Q/Mar c/c Azure revs growth estimate of 30%, but we again lower our Azure c/c revs growth estimates for 4Q/Jun 2023 (to 24% from... More

Amazon (AMZN): UBS warns AWS growth may dip below 10%

Amazon (NASDAQ: AMZN) shares are roughly 2% in pre-market Tuesday after UBS analyst Karl Keirstead issued a warning that Street expectations for cloud growth remain too high for the first quarter.

Amazon, Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL) are expected to report on their Q1 performance later this month.

Our checks down-ticked relative to our... More

Active options: META GOOG BAC MARA FRC SCHW BABA COIN F PLTR INTC

Active options: META GOOG BAC MARA FRC SCHW BABA COIN F PLTR INTC

Microsoft (MSFT) slips 2% as UBS cuts estimates again on 'too high' Azure growth expectations

UBS analyst Karl Keirstead reiterated a Neutral rating and a $275 per share price target on Microsoft (NASDAQ: MSFT) as he believes Azure estimates remain too high.

Recent trends (spend optimization/cuts, slower migration as well as new developer activity) have continued into 1Q23 and if anything feel worse than 3 months ago, the analyst said in a client... More

China reportedly planning 'security reviews' of AI services like ChatGPT

Several news outlets are reporting that the Chinese government is considering introducing new security reviews for artificial intelligence (AI) services, including natural language processing (NLP) models like ChatGPT.

The proposed reviews would reportedly require AI service providers to undergo thorough examinations of their technology and data management practices to ensure that they... More

Stock market today: Dow ends higher as chip stocks climb to offset big tech wobble

By Yasin Ebrahim

Investing.com -- The S&P 500 cut losses Monday as a surge in chip stocks helped offset an Apple-infused stumble in big tech and jitters about further Federal Reserve tightening following a strong March jobs report.

The S&P 500 was up 0.1%, the Dow Jones Industrial Average added 0.3%, or 101 points, and the Nasdaq ended flat after falling more than 1% intraday. 

Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory.

Apple Inc (NASDAQ:... More

S&P 500 cuts losses, but Apple-led slip in tech weighs

By Yasin Ebrahim

Investing.com -- The S&P 500 cut losses Monday but remained pressured by an Apple-infused slip in big tech and jitters about further Federal Reserve tightening following a strong March jobs report.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average added 0.1%, or 47 points, and the Nasdaq fell 0.4%.

Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory.

Apple Inc (NASDAQ: AAPL) fell about 2%, with Alphabet Inc (NASDAQ:... More

Active options: GOOGL GOOG META AMD BTG BAC SCHW BABA BBBY FRC F XOM HPQ

Active options: GOOGL GOOG META AMD BTG BAC SCHW BABA BBBY FRC F XOM HPQ

We continue to view Generative AI as a seismic force in the technology landscape - GS

Goldman Sachs analyst Gabriela Borges on generative AI: "We continue to view Generative AI as a seismic force in the technology landscape."