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EBAY launches a "shop the look" generative AI-powered feature for fashion enthusiasts, boosting their online shopping experience...
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When the EV pioneer and U.S. market leader, Tesla (NASDAQ: TSLA) reported its quarterly decline in deliveries since 2020, hell of concerns broke lose. If Tesla came short of expectations, what can be expected of others and especially, startups who are already operating on thin ice. But then, Rivian Automotive Inc (NASDA: RIVN) topped estimates for quarterly deliveries last week. This week, so did Lucid Group (NASDAQ: LCID). Lucid had a better-than-expected first quarter, setting a delivery recor...
Continue ReadingIn a significant week for the autonomous vehicle industry, tech giants Apple Inc. (NASDAQ:APPL), Alphabet Inc. (NASDAQ:GOOGL) and Tesla Inc. (NASDAQ:TSLA) have made headlines. Apple has exited the self-driving car race, while Alphabet’s Waymo and Tesla’s robotaxis are making strides in the sector. Apple has been secretive about its autonomous vehicle initiatives but has hinted at its interest through various actions, such as hiring executives from car manufacturers like Lamborghini and Tesla and...
Continue ReadingAlphabet's pursuit of artificial intelligence (AI) may be overshadowed by the competition, but notable investor Bill Ackman says not to sleep on the company...
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Nvidia is the IBD Stock Of The Day as the AI leader bounces back from a short pullback amid news of rival chip introductions...
Continue ReadingDeutsche Telekom, Orange, Airbus and 15 other EU companies have criticised a proposal that would allow Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts. The draft plan from Belgium, which currently holds the rotating European Union presidency, concerns a certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies in the bloc to pick a secure and trusted vendor for their business. The proposal scraps so-called sovereignty requirements from a previous draft which obliged U.S. tech giants to set up a joint venture with an EU-based company to store and process customer data in the bloc to qualify for the EU cybersecurity label...
Continue Reading(Bloomberg) -- The Justice Department is scrutinizing whether artificial intelligence companies have overlapping executives or directors, an arrangement that can violate US antitrust law, a senior agency official said Wednesday. Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will Get StuckChinese Cement Maker Halted After 99% Crash in 15 MinutesApple’s India iPhone Output Hits $14 Billion in China ShiftBond T...
Continue ReadingFEATURE SpaceX is without peer in the burgeoning commercial space business. And it might just be the best company in Elon Musk’s portfolio of companies, even better than Tesla. That’s saying something given Tesla is the most valuable car company on the planet...
Continue ReadingWall Street analysts are cutting their price targets on Tesla's (TSLA) stock. At Piper Sandler, Tesla's price target was cut to $205 from $225; at Jefferies, it was cut to $165 from $185. Both firms also cut their annual sales expectations for the EV maker. Analysts at Bank of America also cut their price target on Tesla shares by $60 to $220 from $280. Yahoo Finance's Seana Smith and Brad Smith discuss Wall Street's changing tone on Tesla. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Stephanie Mikulich...
Continue ReadingDecelerating sales growth of electric vehicles has Wall Street is adjusting automotive-stock price targets. It’s good to be a gas guzzler...
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