How the A.I. explosion could save the market and maybe the economy
Whether it’s personalized shopping or self-driving cars, AI will become a factor in virtually everyone’s lives.
Illumina shareholders oust board chair, CEO survives Carl Icahn proxy battle
Carl Icahn has accused Illumina’s management and board of poor oversight, particularly with regard to the company’s acquisition of cancer test maker Grail.
Deutsche Bank says this little-known regional bank stock can jump 30%
Deutsche Bank initiated coverage on Webster Financial with a buy rating, saying the recent sell-off in shares has been “overdone.”
Ford CEO Jim Farley says Chinese automakers such as BYD are its greatest EV rivals
Ford CEO Jim Farley used Warren Buffett-backed BYD as the prime example of a Chinese automaker that has successfully developed and sold electric vehicles.
Microsoft outlines its vision for keeping A.I. in check
Among the suggestions is a version of the financial service sector’s Know Your Customer rules adapted for AI.
Virgin Galactic completes Unity 25 spaceflight in key final test before commercial service
It’s a crucial moment for Virgin Galactic, which has suffered repeated setbacks, several disasters and years of delays in developing its spaceflight system.
RBC upgrades this homebuilder, says shares could jump nearly 20%
RBC Capital Markets thinks strong gains are in store for Toll Brothers as demand improves.
JPMorgan says this China-based stock will be the ‘best defensive play’ in e-commerce, shares could rally 20%
JPMorgan said Vipshop’s share buyback program and cyclical tailwinds in coming months could beat market expectations.
The A.I. chip boom is pushing Nvidia toward $1 trillion, but it won’t help Intel and AMD
Sales are up because of spiking demand for the graphics processors that Nvidia makes that power AI applications like those at Google, Microsoft and OpenAI.
Analysts scramble to raise price targets on Nvidia after super earnings. JPMorgan goes to $500
Multiple firms increased their price target on the chipmaker after it raised its outlook for the current quarter.
