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Artificial Intelligence: A New Battlefield For US-China Supremacy
Tuesday, March 12, 2024 - 2:07pm | 856Is there a Cold War-style gap opening up between the U.S. and China over their respective generative artificial intelligence (GenAI) capabilities? Both countries have witnessed billions of dollars of investment, with funding from corporate, governmental and institutional investors, driving...
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Tesla's Cybertruck A Force Despite Ford, Rivian Buzz: Global Automotive Survey Reveals Electric Vehicle Trends
Thursday, February 8, 2024 - 12:10pm | 491JPMorgan’s latest Global Automotive survey unveiled intriguing insights into the evolving landscape of electric vehicles (EVs), with a particular focus on Tesla Inc‘s (NASDAQ:TSLA) position and the reception of its Cybertruck. The survey, spanning eight countries and over 6,000...
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3M's Earnings Beat Not Enough: Analyst Stays Neutral After Disappointing Revenue Performance
Tuesday, January 23, 2024 - 12:20pm | 326Shares of 3M Co (NYSE: MMM) tanked in early trading on Tuesday, after the company reported its quarterly results. While the company reported its earnings slightly ahead of Street expectations, it posted a top line miss, with organic growth remaining weaker than expected, according to BofA...
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Adobe Shares Dip After-Hours On Soft Guidance — But Analyst Foresees 'Meaningful Upside' In 2024 On Generative AI Momentum
Thursday, December 14, 2023 - 2:31am | 444Adobe, Inc. (NASDAQ:ADBE) witnessed a 5% drop in after-hours trading as the company provided a less-than-stellar fiscal year 2024 guidance. However, Piper Sandler analyst Brent Bracelin maintained an Overweight rating with a $650 price target. Adobe’s Performance:...
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'The Time To Own Gold Is Now': Greg Weldon Sees Breakout For Bullion
Wednesday, December 6, 2023 - 2:53pm | 742Gold shares an inverse dynamic with the dollar. When the dollar goes up, gold moves lower — and vice versa. In recent days, however, this dynamic has become stressed. When the dollar moves lower, gold — which is denominated in the U.S. currency — has traditionally rallied as it becomes cheaper for...
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Elon Musk Slams 'Insane' Swedish Strike, Cybertruck Launch Buzz, Rivian's RJ Scaringe Gets Into Thick Of Product Development And More: Biggest EV Stories Of The Week
Saturday, November 25, 2023 - 10:34am | 1307Most electric vehicle stocks settled the week lower, although leader Tesla, Inc. (NASDAQ:TSLA) and the Chinese EV trio managed to end in the green. The lackluster performance came despite the strength seen in the broader market. Here are the key events that happened in the EV space during the week...
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Tesla Bull Ives Sees This Rival EV Startup Shooting Up 125% As He Initiates Coverage With 'Outperform' Rating
Tuesday, November 21, 2023 - 8:47am | 612Vietnamese electric vehicle startup VinFast Ltd. (NASDAQ:VFS) has snagged a bullish recommendation even as some on the Wall Street calling for a collapse in its stock price. The VinFast Analyst: Daniel Ives initiated VinFast stock with an Outperform rating and $12 price target, suggesting potential...
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Biden's Energy Policy Shift? Analyst 'Trying To Find Wisdom' Behind DOE's Move To Buy 6M Barrels Of Oil
Friday, October 20, 2023 - 2:32am | 521Following an announcement from the U.S. Department of Energy’s Office of Petroleum Reserve on Thursday that it would solicit bids for purchasing oil for the Strategic Petroleum Reserve, an energy analyst questioned the wisdom behind the move. What Happened: The DOE unit said it...
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Tesla Analyst Sees No Stock Sell-Off Even After Slashing Q3 Delivery Estimates, Bear Asks If This Is 'High-School Cheerleading?'
Friday, September 29, 2023 - 8:43am | 480Tesla, Inc. (NASDAQ:TSLA) is scheduled to release its third-quarter deliveries in early October and even the most bullish analysts are modeling a miss relative to consensus expectations. Investor worry is centered around will the stock that is languishing currently comes under further selling...
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Tesla Stock Stuck In A Range: Analyst Highlights Key Catalysts And Risks That Could Determine Future Trajectory
Sunday, September 10, 2023 - 11:42am | 560Tesla, Inc. (NASDAQ:TSLA) stock has pulled back about 14.7% from the pre-earnings level of $291.26 and has been between the $210 and $265 levels since then. What Ails The Stock: The downtrend was set in motion by the man himself. Tesla CEO Elon Musk set off worries concerning further margin erosion...
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Apple Losing Its Bite With Big Whales? Why Institutional Investors Are Picking Different Tech Orchards
Thursday, August 24, 2023 - 5:23am | 847Apple Inc. (NASDAQ:AAPL), the world’s most valuable company, has not garnered significant favor among major institutional investors, according to an analysis presented by Morgan Stanley’s Erik Woodring in a note published on Wednesday. What Happened: In the...
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Tesla Swoons Amid China Price Cuts, Fisker Joins NACS Bandwagon, VinFast's Flashy Debut Raises Eyebrows And More: Biggest EV Stories Of The Week
Saturday, August 19, 2023 - 7:23am | 1187Electric vehicle stocks went down along with the broader market in the week that ended on Aug. 18, as strong economic data stoked fears of more interest rate hikes by the Federal Reserve. Marker leader Tesla, Inc. (NASDAQ:TSLA) fell in all five sessions of the week before settling at the lowest...
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GM Cadillac EV Price-Performance Falls Short Of Tesla, Says Fund Manager: 'Customers Aren't Stupid'
Thursday, August 10, 2023 - 5:02am | 378General Motors Corp.’s (NYSE:GM) Cadillac unit, on Wednesday, launched the electrified version of its Cadillac Escalade full-size SUV. Called 2025 Cadillac Escalade IQ, the EV promises a range of 450 miles and will come armed with the Super Cruise driver assistance technology. However, Future...
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After This Pharma Stock Surges To Record High, Cramer Says It's 'Going Higher Still'
Wednesday, August 9, 2023 - 8:34am | 365Eli Lilly & Co. (NYSE:LLY) jumped nearly 15% to a new record on Tuesday, as the biopharma's stock rode on two catalysts. Lilly reported second-quarter earnings and revenue that were way ahead of expectations and it raised its full-year guidance. The shares also benefited from positive data...
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'AI Gold Standard' Palantir's Strong Q2 Has Left This Analyst Gushing Over Its AI Platform: 'A Star Is Born'
Tuesday, August 8, 2023 - 1:39am | 444Palantir Technologies, Inc. (NYSE:PLTR) reported Monday after market close second-quarter results that came in line and issued upbeat guidance. The Palantir Analyst: Wedbush's Daniel Ives, who recently initiated the stock, maintained an Outperform rating and $25 price target. The Palantir Thesis:...