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Numero Uno stock Microsoft (NASDAQ:MSFT), with a $3 trillion market cap, has delivered a return of around 1,154% over the last decade. Sitting at the top of the global stock markets, will it continue to give similar returns in the next decade? I believe the answer is yes. Microsoft’s consistently strong performance, cloud & AI-driven tailwinds, and robust margins despite substantial AI investments make me bullish on the stock. Thus, I’ll take advantage of any market weakness in the coming months...
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Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools - a move that a senior Republican congressman warned could have national security implications. In an interview with Reuters this week, Smith said the sales accord, many details of which are being reported here for the first time, could progress to a second phase that entails the export of crucial components of AI technology such as model weights, a crown jewel of AI systems that determine how powerful they are. Smith said there is no firm timeline for the second phase...
Continue ReadingThe price-to-earnings ratio of the Magnificent Seven is not yet at levels seen during the 1999 tech bubble, but historical observations can elude forecast accuracy...
Continue ReadingNvidia's quarterly results blew away estimates again on Wednesday, and as the company moves to its next-generation chips its CEO sees supply, not demand, serving as its biggest challenge...
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Amazon.com's cloud unit on Wednesday said it has partnered with artificial intelligence startup Hugging Face to make it easier to run thousands of AI models on Amazon's custom computing chips. Valued at $4.5 billion, Hugging Face has become a central hub for AI researchers and developers to share chatbots and other AI software and is backed by Amazon, Alphabet's Google and Nvidia, among others. On Wednesday, Amazon and Hugging Face said they had paired up to make it possible to do so on a custom Amazon Web Services (AWS) chip called Inferentia2...
Continue ReadingCancer research, children’s mental health, the benefits and risks of AI, and a Jurassic Park-style experiment with the woolly mammoth were among the topics discussed during The Wall Street Journal’s two-day Future of Everything Festival. Innovators, executives and policymakers including Alphabet X’s Astro Teller, Office of Management and Budget Director Shalanda Young, Bumble founder Whitney Wolfe Herd, Cisco CEO Chuck Robbins, Bayer CEO Bill Anderson, Pfizer CEO Albert Bourla and Whole Foods founder John Mackey gathered to talk about the future of the workplace, entertainment, dating and more. Paris Hilton, Awkwafina, Ilana Glazer and Uma Thurman also took to the stage to discuss issues ranging from the impact of AI on artists to the future of families...
Continue ReadingNvidia (NVDA) shares are rising in extended-hours trading after the chip giant topped first quarter earnings estimates and announced a 10-for-1 stock split. Public Ventures President and Chief Market Strategist Lou Basenese joins Asking for a Trend to break down the earnings and analyze how long the company can keep up the momentum. Despite beating Wall Street's expectations, Basenese highlights that the magnitude of Nvidia's beat is the smallest it has ever been, at about 8%. He warns, "Expectations at some point are going to get too far ahead of what Nvidia can deliver, but it's not yet." "I think it's the leading candidate to be the next $3 trillion market cap company, but if I had a dollar to put to work today and I want to 10x it, it's not Nvidia. It's probably in the smaller cap side of the market," he adds, saying that of the "Magnificent Seven," Alphabet (GOOG, GOOGL) is the most "reasonably valued." Basenese calls Nvidia's stock split a "brilliant move psychologically," as buying a stock at a lower price is more enticing. He adds that it does not change any of Nvidia's fundamental metrics or value calculations. For investors looking to get in on the AI sector, Basenese highlights Microsoft's (MSFT) ability to push AI products onto the market to create demand. He also points to Apple (AAPL) as "the sleeper AI play." "Apple is kind of perceived as they missed the boat ... they're never first or second to market. They come in later, but then they go. They come in late, but they end up being the leader." He adds, "They have two billion active devices in use. If they just iterate and add a little AI somewhere, it has a magnified impact." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl...
Continue ReadingCheck here to learn more about Entergy Corporation's (ETR) growth potential and its focus on clean energy, attracting interest in utility stocks with high dividends...
Continue ReadingLongtime Apple executive Phil Schiller on Wednesday acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasn't done much to increase competition — a shortcoming that could result in a federal judge demanding more changes. Schiller, who has been overseeing the iPhone app store since its inception in 2008, made the admission during occasionally sheepish testimony about the new payment options that so far have been shunned by all but a few dozen apps since their introduction in January. “We have worked hard to create this program and I think we need to do a lot more to do to get developers,” Schiller said...
Continue ReadingJoby, an aviation company, despite challenges, has made notable progress with FAA certification. See why I upgraded JOBY stock from sell to hold...
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