The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia’s GTC Conference, dubbed “AI Woodstock” by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its …
Artificial intelligence isn’t only benefiting technology companies. A host of stocks in other industries also stand to gain, according to Nancy Tengler, chief executive officer and chief investment officer of Laffer Tengler Investments. While shares of megacap technology companies such as Nvidia and Meta Platforms have soared on hopes that AI will usher in new technological …
Goldman Sachs calls chipmaker Micron Technology an “underappreciated” beneficiary of artificial intelligence, forecasting 17% upside for the next 12 months. The Wall Street firm reiterated its buy rating on Micron ahead of its earnings report on March 20 and hiked its 12-month price target to $112 from $103 previously. The stock is up 12% this …
Generative artificial intelligence has been topic that’s impossible to avoid on Wall Street for more than a year — and it’s unlikely to fade away anytime soon. In some ways, however, 2024 may prove to be a more pivotal year for AI than 2023 was. With OpenAI’s ChatGPT launching in late November 2022 , many …
A busy week of Big Tech earnings left us feeling more assured about our investments in Nvidia , Broadcom and Eaton as spending on artificial intelligence chips and data centers remain clear-cut priorities. The quarterly reports from Club holdings Alphabet , Microsoft , Meta Platforms and Amazon this week varied in overall quality, but a …
(Bloomberg) — EQT AB and KKR & Co. are among private equity firms interested in acquiring a software business being sold by Broadcom Inc. in the wake of its takeover of VMware Inc., people with knowledge of the matter said. Most Read from Bloomberg Thoma Bravo has also been studying a possible bid for the …
Propelled by the artificial intelligence craze, 2023 has been a banner year for chipmaker stocks. So far this year, the PHLX Semiconductor Sector index has added nearly 64%, versus the S & P 500 ‘s 24% rise. These gains have largely been driven by Nvidia , up an eye-watering 236% this year. Shares of Advanced …
Signage is displayed outside the Broadcom offices on June 7, 2018 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they …