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(Bloomberg) -- Alphabet Inc.’s Google and Samsung Electronics Co. unveiled a joint push into the mixed-reality market, introducing a new operating system and headset in a bid to challenge devices from Apple Inc. and Meta Platforms Inc.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamIn what...
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Google is slowly peeling back the curtain on its vision to, one day, sell you glasses with augmented reality and multimodal AI capabilities. The company's plans for those glasses, however, are still blurry. At this point, we've seen multiple demos of Project Astra — DeepMind's effort to build real-time, multimodal apps and agents with AI — running on a mysterious pair of prototype glasses. On Wednesday, Google said it would release those prototype glasses, armed with AI and AR capabilities, to a...
Continue ReadingThe IBM (NYSE: IBM) Institute for Business Value today published its latest 'Automotive 2035' study which reveals an industry grappling with an erratic transition away from current products and business models...
Continue ReadingAdobe stock fell after the creative software giant provided a weaker-than-expected outlook for the 2025 fiscal year...
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With some expecting a market correction in 2025, Harvest Portfolio Management CIO and Wall Street Beats partner Paul Meeks joins Brad Smith on Morning Brief to discuss his top stock picks for the new year. "Of the [Magnificent Seven], the only ones I really support for growth and valuation at this level are Amazon (AMZN), which I think we'll see a nice upside surprise when they report, and also Nvidia (NVDA)," Meeks says. "I am going to, at least in the early part of 2025, stick with my AI infrastructure building plays. Those are primarily semiconductor companies like the aforementioned Nvidia. I'm also starting to warm up to Advanced Micro Devices (AMD) because it's come down a lot. I like Broadcom (AVGO), which will be reporting tonight, and I also like Marvell [Techonology] and Taiwan [Semiconductor Manufacturing Company]." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
Continue ReadingInstitutional Buying Pushes Apple Shares Higher in Q3 Filings...
Continue ReadingEpic Games is partnering with Telefónica, one of the largest telecommunication providers in the world, to preinstall the Epic Games Store on all new compatible Android devices on its network. Telefónica services Spain, the U.K., Germany, and Latin America. The company says the partnership will bring the Epic Games Store to "millions" of phones, marking the first time the company's app store will be preinstalled on consumer devices. Telefónica customers will be able to easily download Fortnite, F...
Continue ReadingThere are few Wall Street analysts more bullish on the technology sector than Wedbush Securities’ Dan Ives. Apple will be the first company to ever reach a market valuation of $4 trillion, swiftly followed by Nvidia and Microsoft according to Ives. “We expect tech stocks to be up another 25% in 2025 under our base case,” Ives wrote in a research note...
Continue ReadingDozens of analysts recommend the stock, but there are some nervous notes on what Broadcom will say, after Thursday’s close, about some of its businesses...
Continue ReadingMicrosoft (MSFT) expects an $800 million charge from its minority stake in General Motors (GM) now shut down the robotaxi unit. The tech giant made a strategic investment in the robotaxi business to better compete with Alphabet's (GOOG, GOOGL) Google, which owns Waymo. The charge will weigh on the current quarter's earnings report. Morning Brief Hosts Seana Smith and Brad Smith, break down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
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