Uber's (UBER) Waymo deal reaffirms marketplace value, says Morgan Stanley

NVIDIA (NVDA) Alphabet, Meta Platforms and Microsoft the near-term winners from generative AI - William Blair

May 24, 2023 11:52 AM EDT

William Blair analyst Ralph Schackart told investors in a note Wednesday that generative AI (GAI) is a game changer, with near-term beneficiaries likely to be hyper-scalers Alphabet (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META) and Microsoft (NASDAQ: MSFT).

"In contrast to traditional artificial intelligence (AI), which focuses on pattern detection,... More

Analysts remain confident on Alphabet (GOOGL) following marketing event

May 24, 2023 10:44 AM EDT

Alphabet's (NASDAQ: GOOGL) Google held its Google Marketing Live 2023 on Tuesday with an AI focus. The company reportedly announced more than 20 new ad products at the event.

Here's how analysts reacted:

Morgan Stanley's analyst Brian Nowak, who has an Overweight rating and $140 price target on Alphabet, said the event "showcased GOOGL's leading AI-driven ad product suite.

"We see these tools reducing advertiser friction, improving creative,... More

Morgan Stanley sees global restaurant delivery industry reaching $810bn by 2027

May 24, 2023 9:12 AM EDT

Morgan Stanley's Brian Nowak told investors in a note Wednesday that they see the global restaurant delivery industry reaching ~$810 billion by 2027. That represents a 14% CAGR.

"We size the Global Restaurant Delivery TAM at $2.7trn in 2023, still only ~18% penetrated, with online restaurant delivery generating an estimated ~$480bn in sales set to grow at a... More

Uber steps up EV push in India with Uber Green

May 24, 2023 5:16 AM EDT

By Aditi Shah and Navamya Ganesh Acharya

NEW DELHI/BENGALURU (Reuters) -Ride-hailing platform Uber Technologies is stepping up its efforts to go green in India by introducing more electric vehicles, partnering with fleet operators, boosting financing options and giving its users the option to hire electric vehicles while booking their ride.

As part of the launch of Uber Green in June, it will add 25,000 electric cars on its platform in partnership with fleet providers like Lithium, Everest and Moove, the company said on Wednesday.

... More

We see the global restaurant delivery industry growing at a ~14% CAGR, reaching ~$810bn by 2027 - MS

May 24, 2023 4:47 AM EDT

Morgan Stanley analyst Brian Nowak: "We see the global restaurant delivery industry growing at a ~14% CAGR, reaching ~$810bn by '27: We size the Global Restaurant Delivery TAM at $2.7trn in 2023, still only ~18% penetrated, with online restaurant delivery generating an estimated ~$480bn in sales set to grow at a ~14%... More

Uber (UBER) and Waymo to Bring Waymo’s Autonomous Driving Technology to the Uber Platform

May 23, 2023 8:01 AM EDT

Today, Waymo and Uber Technologies Inc. (NYSE: UBER) are excited to announce a new, multi-year strategic partnership to make the Waymo Driver available to more people via the Uber platform starting in Phoenix.

Since both companies were founded in 2009, Waymo and Uber have in their own ways each revolutionized access to mobility. Now, were partnering to bring together Waymos world-leading autonomous driving technology with the massive scale of Ubers ridesharing and delivery networks.

This integration will launch publicly later this year with a set number of Waymo vehicles across Waymos... More