'Big Tech is the new Big Oil': 5 Magnificent 7 firms set to spend $200B+ in 2024
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May 17, 2024 1:56 PM EDT
Goldman Sachs analyst Neil Mehta reiterated a Buy rating and $175.00 price target on Chevron (NYSE: CVX).
The analyst comments "In this note, we update estimates for Chevron Corporation (CVX). Inside, we discuss key themes, including around (a) TCO execution and outlook for the... More
May 17, 2024 5:01 AM EDT
RBC Capital analyst Kash Rangan raised the price target on Microsoft (NASDAQ: MSFT) to $500.00 (from $450.00) while maintaining a Outperform rating.
The analyst comments "AI remains one of the most important drivers for Microsoft Microsoft continues to invest aggressively in AI, given the market... More
May 15, 2024 10:53 AM EDT
Analysts at Bank of America said in a note Wednesday that following the Google I/O event, all eyes are now on Apple (NASDAQ: AAPL).
The Google I/O event highlighted new Gemini AI capabilities, the bank said. It also noted... More
May 15, 2024 9:20 AM EDT
(Updated - May 15, 2024 11:29 AM EDT)
On Tuesday, Alphabet (NASDAQ: GOOGL) hosted its annual I/O developer conference, presenting the next step forward in the race for consumer and enterprise AI. Here's how analysts reacted:
Oppenheimer stated: "Relative to OpenAI's limited product demo the day before, we believe GOOG demonstrated its strong competitive position, driven by an essentially unlimited R&D budget, access to the largest user and... More
