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Amazon (AMZN) will be the top performing mega-cap in 2024 as the company launches an "all-out offensive to catch-up in AI", according to Jefferies Senior Analyst Brent Thill. "Amazon's stock works when they're in 'harvest mode' and we think they'll continue to harvest the investments they put in during the pandemic," Thill told Yahoo Finance Live. Thill is also bullish on Pinterest (PINS) and Snap (SNAP), naming Pinterest his top performing SMID-cap internet pick for the year while predicting Snap will be the "comeback story of 2024." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...
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Tesla isn’t just dominating the EV market in the US, it’s also gaining ground in the overall market for cars...
Continue ReadingMicrosoft has worked with a U.S. national laboratory to use artificial intelligence to rapidly identify a material that could mean producing batteries that require 70% less lithium than now, the company said on Tuesday. The replacement of much of the lithium with sodium, a common element found in table salt, still needs extensive evaluation by scientists at Pacific Northwest National Laboratory (PNNL) in Richland, Washington to determine whether it will be suitable for mass production. "Something that could have taken years, we did in two weeks," Jason Zander, an executive vice president at Microsoft, told Reuters...
Continue ReadingStocks are falling. Nvidia is still rising. The chip company's shares were recently up 0.4%, a day after setting [a new closing high](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-08-2024/card/nvidia-stock-rises-toward-fresh-record-high-iF6bnYfdxi6YILOVKjY9?mod=lctimeline_finance)...
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Microsoft today announced that it has worked with the U.S. Department of Energy's Pacific Northwest National Laboratory (PNNL) to use its Azure Quantum Elements service to whittle down millions of potential new battery materials to only a few -- with one of them now in the prototype stage. Now, before you get too excited about the "quantum" part of "Azure Quantum Elements" (and why wouldn't you -- it's in the name, after all), let's get this out of the way first: No quantum computer was used in...
Continue ReadingExecutives from the major personal computer makers were practically giddy talking about business prospects for AI PCs during an event at CES 2024...
Continue ReadingApple, UnitedHealth Group, Exxon Mobil, The Boeing and AT&T are part of the Zacks top Analyst Blog...
Continue ReadingTesla has lowered driving-range estimates across its lineup of electric vehicles as a new U.S. government vehicle-testing regulation takes effect with the goal of ensuring that automakers accurately reflect real-world performance. Tesla has historically issued range estimates that overstate what its cars can deliver, prompting widespread complaints from customers, according to some automotive testing experts and a Reuters investigation last year. Reuters reported in July that the automaker, about a decade ago, rigged the algorithm that controls in-dash range estimates in Tesla vehicles to give rosy projections of how far owners can drive before needing to recharge...
Continue ReadingTesla Inc. and SpaceX Founder Elon Musk, currently the richest man in the world, had an unconventional journey to the pinnacle of entrepreneurial success. As a teenager, he often followed his younger sister Tosca to clubs and parties seeking social interaction. This anecdote, as detailed in Walter Isaacson's biography "Elon Musk," portrays a stark contrast to his later life. Although he is a household name now, he hated being alone growing up. Living in Toronto with his family, Musk's teenage ye...
Continue ReadingFresh off recent stock splits, Nvidia and Tesla look poised for success in the new year and beyond...
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