'Big Tech is the new Big Oil': 5 Magnificent 7 firms set to spend $200B+ in 2024
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
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- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Goldman Sachs Reiterates Buy Rating on Chevron (CVX)
May 17, 2024 1:56 PM EDTGoldman Sachs analyst Neil Mehta reiterated a Buy rating and $175.00 price target on Chevron (NYSE: CVX).
The analyst comments "In this note, we update estimates for Chevron Corporation (CVX). Inside, we discuss key themes, including around (a) TCO execution and outlook for the... More
Microsoft (MSFT) PT Raised to $500 at RBC Capital
May 17, 2024 5:01 AM EDTRBC Capital analyst Kash Rangan raised the price target on Microsoft (NASDAQ: MSFT) to $500.00 (from $450.00) while maintaining a Outperform rating.
The analyst comments "AI remains one of the most important drivers for Microsoft Microsoft continues to invest aggressively in AI, given the market... More
After Google's AI event, all eyes are on Apple says BofA
May 15, 2024 10:53 AM EDTAnalysts at Bank of America said in a note Wednesday that following the Google I/O event, all eyes are now on Apple (NASDAQ: AAPL).
The Google I/O event highlighted new Gemini AI capabilities, the bank said. It also noted... More
Google I/O: 6 analyst takeaways from annual developer conference
May 15, 2024 9:20 AM EDT(Updated - May 15, 2024 11:29 AM EDT)
On Tuesday, Alphabet (NASDAQ: GOOGL) hosted its annual I/O developer conference, presenting the next step forward in the race for consumer and enterprise AI. Here's how analysts reacted:
Oppenheimer stated: "Relative to OpenAI's limited product demo the day before, we believe GOOG demonstrated its strong competitive position, driven by an essentially unlimited R&D budget, access to the largest user and... More
