'Big Tech is the new Big Oil': 5 Magnificent 7 firms set to spend $200B+ in 2024
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Goldman Sachs Reiterates Buy Rating on Chevron (CVX)
May 17, 2024 1:56 PM EDTGoldman 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
Microsoft (MSFT) PT Raised to $500 at RBC Capital
May 17, 2024 5:01 AM EDTRBC 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
After Google's AI event, all eyes are on Apple says BofA
May 15, 2024 10:53 AM EDTAnalysts 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
Google I/O: 6 analyst takeaways from annual developer conference
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
