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GM cuts spending on self-driving Cruise brand

November 28, 2023 9:17 AM UTC

General Motors (NYSE: GM) announced Tuesday that the Detroit automaker is scaling back spending on its self-driving unit, Cruise following an accident involving one of their vehicles last month.

In October, a driverless cab operated by Cruise failed to halt in time... More

NVIDIA (NVDA) Mentioned Positively at Citi: 'CEO comments and new product cycle gives us confidence'

November 27, 2023 4:20 PM UTC

Citi analyst Atif Malik reiterated a Buy rating and $575.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "We are on the road meeting investors in Europe. Investors are asking three key questions post Oct-Q earnings (see note): 1) Is the CY25 Cliff avoided? 2) Why were Taiwan, China and Singapore up 53,47 and 43% QoQ, while US was only up 4% QoQ? 3) What do NVDA Ethernet comments mean for ANET? 1) Yes. CEO comments and new product cycle gives us confidence. When asked about CY25 data center sales, NVDA CEO... More

Apple (AAPL) iPhone China demand remains firm, US a 'clear bright spot' - Wedbush

November 24, 2023 9:53 AM UTC

Apple (NASDAQ: AAPL) is strong heading into the holiday season, according to Wedbush analyst Daniel Ives on Friday, with iPhone demand in China remaining firm.

The analyst, who has an Outperform rating and $240 price target on the stock, said his firm's recent Asia supply chain checks "remain very firm for Apple's iPhone 15 into an... More