The data center gold rush is still in its early innings, but the market is already grappling with a squeeze in power availability, with companies that can provide energy swiftly poised to benefit, according to BTIG. The line to connect new power plants to the grid has surged to 1.6 terawatts, resulting in major bottlenecks …
In a Wednesday interview with CNBC’s Jim Cramer, CrowdStrike CEO George Kurtz described how it serves customers who are using legacy technology from other companies. “One of the things that I talked about in my…prepared remarks on the earnings call was this concept of a monoculture,” Kurtz said. “Customers are at risk when they are …
Best Buy CEO Corie Barry told CNBC’s Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. “We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this across the assortment,” Barry said. “So, you’re going to see …
Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company’s fiscal 2025 first quarter fell 6.5% year over year to $8.85 billion in the three months ended May 4, missing the $8.96 …
Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn’t keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce disappointed Wall Street with a sharp first-quarter revenue miss , which has not happened since 2006. Salesforce …
Microsoft’s latest artificial intelligence announcements highlight a key catalyst coming for the tech mega-cap and four other portfolio names: the hardware refresh cycle. During his keynote at Microsoft’s Build last week, CEO Satya Nadella touted the company’s new artificial intelligence-integrated computers . The forthcoming CoPilot+ PCs, slated to roll out next month from Microsoft and …
Fund managers’ love for artificial intelligence-related stocks has grown as many of these tech companies have become their essential holdings in the portfolio, according to Bank of America’s analysis. The Wall Street firm looked at the holdings of U.S. large-cap equity mutual funds that are actively managed. It screened the S & P 500 for …
The growing need to feed power-hungry artificial intelligence models could benefit an under-the-radar power management stock, according to Wall Street analysts. Shares of Eaton have rallied more than 41% since the start of 2024 and are up about 103% over the past year. The company creates electrical components and power distribution systems, with exposure to …
A new note from Melius Research supports what Jim Cramer has been saying for a while now: Club holding Apple’s integration of artificial intelligence into the iPhone should be a boon to investors. Shares of Apple are “gearing up for a run” higher in anticipation of the company’s Worldwide Developer Conference (WWDC) in June, where …
One AI model that is built to help investors pick winners in the stock market has grown confident in the near-term upside for a mid-sized energy stock. IFi Ai is an investment information firm powered by the artificial intelligence of IBM’s Watsonx. The firm’s model takes in a wide range of market signals and data …