Morgan Stanley's survey shows Microsoft remains the early AI leader
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Microsoft and OpenAI dominate the AI-assisted code generation market, survey shows
May 31, 2024 9:06 AM EDTMicrosoft (NASDAQ: MSFT) and OpenAI are leading the AI-assisted code generation market, according to a survey by JPMorgan.
The survey, which included 80 software development and DevOps professionals, revealed significant insights into the current landscape of AI-assisted coding tools.
JPMorgan noted that "33% of developers we surveyed don't use... More
Amazon.com (AMZN) PT Raised to $245 at Tigress Financial Partners
May 30, 2024 4:48 PM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Amazon.com (NASDAQ: AMZN) to $245.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on AMZN and increase our 12-month target price to $245 as increasing AI demand drives strong AWS results as enterprises look to drive increasing value-additive generative AI integration and increasing AI-driven capabilities across all product lines, and ongoing expansion of Prime Membership services will continue to drive further revenue growth and increasing shareholder value creation. Accelerating AI demand is driving strong AWS cloud results as enterprises... More
Ads will help Amazon's retail margins hit new highs: BofA
May 30, 2024 1:59 PM EDTAnalysts at Bank of America believe advertising revenues could contribute 5 points to tech giant Amazon's (NASDAQ: AMZN) long-term margins, helping to push them to new highs.
The investment bank noted that Amazons advertising revenues continue to grow faster than Gross... More
