Technology

Here’s why Toncoin (TON), InQubeta (QUBE), and THORChain (RUNE) are among top choices for 2023
September 21, 2023 12:35 AM AEST| By InvezzSome crypto analysts have referred to 2023 as the year of awakening for global crypto investors, primarily due to the rapid expansion of the decentralized finance (DeFi) market, during an otherwise downtrend for the market overall. Some of the p...

Meta stock forecast: WhatsApp ads could supercharge growth
September 15, 2023 10:02 AM AEST| By InvezzMeta Platforms (NASDAQ: META) stock price has been in a strong bullish trend in the past few months as the company’s turnaround continues. The shares surged to A year-to-date high of $327 in July. In all, it has soared by more than 266% from th...

Seeing Machines shares: neutral outlook with a 30% upside
September 08, 2023 07:57 PM AEST| By InvezzSeeing Machines (LON: SEE) share price has been under pressure in the past few months even as the company recorded strong revenue growth. The stock was trading at 5.65p on Friday, a few points below last month’s high of 6.11p. In all, the share...

AMD is still inexpensive for an AI stock: Morgan Stanley
August 11, 2023 02:27 AM AEST| By InvezzAdvanced Micro Devices Inc (NASDAQ: AMD) is in focus today after a Morgan Stanley strategist added the semiconductor behemoth to his “equity model portfolio”. AMD stock pulled back after Q2 earnings Daniel Skelly dubs the post-earnings we...

Palantir is the best ‘pure play AI name,’: Wedbush
August 08, 2023 08:55 PM AEST| By InvezzPalantir Technologies Inc. (NYSE: PLTR) has seen three consecutive quarters of profits, a performance that has a number of analysts bullish on the company’s growth potential. Dan Ives, the managing director of equity research at Wedbush Securit...

Arm is reportedly considering a U.S. listing in September
August 03, 2023 12:50 AM AEST| By InvezzArm Ltd. is reportedly considering a U.S. listing in September to capitalise on the rising interest in artificial intelligence. Arm is targeting up to $70 billion valuation Anonymous sources told Bloomberg today that the chip giant wants to raise up...

AMD’s revenue slid 18% in Q2 but ‘AI engagements increased’ big time
August 02, 2023 08:29 AM AEST| By InvezzAdvanced Micro Devices Inc (NASDAQ: AMD) is trading up in after-hours even though its revenue guidance for the current quarter came in a tad below Steet estimates on Tuesday. Why is AMD stock up in extended hours? Interestingly, the chipmaker did not...

Meta focuses on user retention, set to release humanlike AI chatbots
August 01, 2023 08:34 PM AEST| By InvezzAccording to a Financial Times report, Meta Platforms Inc (NASDAQ: META) the parent company of Facebook and Instagram, plans to introduce artificial intelligence (AI) chatbots with humanlike personalities as it concentrates on user retention initiati...

Fund Manager sees ‘outsized growth opportunity’ in TSMC despite a hit to profit in Q2
July 21, 2023 10:49 AM AEST| By InvezzTaiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) says its profit declined in the second quarter for the first time in four years. Shares of semiconductor behemoth ended about 5.0% down today. Rising focus on AI will benefit TSMC The multin...

Tesla Q2 results: Pro expects AI to drive gross margins ‘above 50%’
July 20, 2023 09:28 AM AEST| By InvezzShares of Tesla Inc (NASDAQ: TSLA) are slightly down in extended hours after the EV giant said its margins were hit again in the second quarter. Tesla stock down on weakness in margins Excluding regulatory credits, its car business saw a sequential d...

Apple reportedly developing ChatGPT-like AI chatbot
July 20, 2023 03:47 AM AEST| By InvezzThe artificial intelligence space is heating up even further with the latest report being that tech giant Apple has developed its own large language model to rival the likes of Open AI and Google. Apple’s stock rose briefly following the news,...

Darktrace raises outlook as EY review ‘clears the decks’
July 19, 2023 11:02 AM AEST| By InvezzDarktrace PLC (LON: DARK) says an independent review of its accounts did not reveal any major issue that would require it to redo its previous financial statements. Its shares ended nearly 30% up today. Darktrace did not engage in fraudulent practice...

Elon Musk launches a new AI startup ‘xAI’
July 13, 2023 05:12 AM AEST| By InvezzElon Musk strikes again. On Wednesday, the billionaire launched an AI startup he’s calling xAI aimed at understanding “the true nature of the universe”. What we know about xAI so far xAI will likely compete with OpenAI – the company behind ChatGPT. I...

Shutterstock shares jump on expanded partnership with OpenAI
July 12, 2023 06:39 AM AEST| By InvezzShutterstock Inc (NYSE: SSTK) ended nearly 10% up on Tuesday after announcing a new six-year deal with the company behind ChatGPT. Details of the new partnership Under the expanded agreement, the New York based company will grant OpenAI access to its...

Nvidia stock price forecast: Goldman Sachs sees potential for another 20% rally
July 11, 2023 03:10 AM AEST| By InvezzNvidia Corp (NASDAQ: NVDA) has nearly tripled this year already but a Goldman Sachs analyst still sees further upside ahead in this semiconductor behemoth. Nvidia stock has upside to $495 On Monday, Toshiya Hari maintained his “buy” ratin...

Morgan Stanley says these cybersecurity stocks will benefit from A.I.
July 05, 2023 03:12 AM AEST| By InvezzArtificial intelligence will likely be a long-term tailwind for the cybersecurity stocks, says Hamza Fodderwala – a Morgan Stanley analyst. Fodderwala is bullish on Microsoft stock Fodderwala is convinced that A.I. will unlock an opportunity wo...

Report: Apple has trimmed its production targets for the Vision Pro
July 04, 2023 03:30 AM AEST| By InvezzApple Inc (NASDAQ: AAPL) has materially lowered its production targets for the Vision Pro – its recently unveiled mixed reality headset, the financial times reported on Monday. Here’s what we know so far The tech behemoth does not expect...

Nasdaq 100 forecast: ‘something has to give’
June 30, 2023 04:53 AM AEST| By InvezzNasdaq 100 has been on a tear since the start of this year as investors continue to focus on tech stocks. Pro shares her view on the tech stocks Much of the aforementioned rally can be attributed to artificial intelligence that has been all the rage...

Samsung to start mass producing 2-nm chips in 2025
June 29, 2023 03:18 AM AEST| By InvezzSamsung Electronics Co Ltd (KRX: 005930) is in focus today after announcing plans of mass producing the world’s most advanced chips in 2025. Samsung wants to catch up with rival TSMC On Tuesday, the semiconductor behemoth said it will start mak...

U.S. is considering new restrictions on export of A.I. chips to China
June 29, 2023 02:09 AM AEST| By InvezzU.S. is considering new restrictions on export of A.I. chips to China, the Wall Street Journal reported on Wednesday. Analyst reacts to the news Shares of notable semiconductor players, including Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices...