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Technology
Citi raises its price objective on Meta stock to a Street high
June 28, 2023 05:10 AM AEST| By InvezzMeta Platforms Inc (NASDAQ: META) has already more than doubled year-to-date but a Citi analyst still dubs it the top pick in North American internet stocks. Meta stock could climb further to $360 On Tuesday, Ronald Josey recommended buying Me...
Unity announces AI marketplace: ‘I think A.I. will change gaming’
June 28, 2023 04:32 AM AEST| By InvezzShares of Unity Software Inc (NYSE: U) gained nearly 15% on Tuesday after the video game software company announced an AI marketplace. Unity expands its footprint in A.I. Customers of the San Francisco-headquartered firm will now be able to pick from...
IBM is buying Apptio – its seventh acquisition in 2023
June 27, 2023 05:09 AM AEST| By InvezzIBM (NYSE: IBM) just announced plans of buying Apptio – a Washington-based software company that will help advance its automation capabilities. Apptio could boost Red Hat sales The tech behemoth has agreed to pay $4.6 billion in cash for the sa...
Ron Baron reveals how long it will take for Tesla stock to hit $500
June 24, 2023 04:49 AM AEST| By InvezzTesla Inc (NASDAQ: TSLA) has already gained nearly 140% this year but Ron Baron still sees the stock as incredibly attractive for the long-term investor. Baron shares his view on Tesla stock The billionaire investor reiterated his super bullish view...
Accenture Q3 earnings: ‘gen AI will go faster than cloud’
June 23, 2023 03:40 AM AEST| By InvezzAccenture Plc (NYSE: ACN) is down nearly 3.0% on Thursday even though it reported market-beating results for its third financial quarter. Why is Accenture stock down today? The tech stock is trending down primarily because the company disclosed $17.2...
Tesla stock hit with a downgrade from its longtime bull Adam Jonas
June 23, 2023 02:42 AM AEST| By InvezzShares of Tesla Inc (NASDAQ: TSLA) may finally be running out of steam now at least for the near term, says Adam Jonas – a senior Morgan Stanley analyst. Tesla stock has gone too far, too fast On Thursday, the longtime Tesla bull downgraded the elect...
Adobe stock could push higher on artificial intelligence: Wells Fargo
June 22, 2023 03:40 PM AEST| By InvezzAdobe Inc (NASDAQ: ADBE) will continue to benefit as investors remain fixated on artificial intelligence, says Michael Turrin – a Wells Fargo analyst. Adobe stock has upside to $525 On Friday, Turrin lifted his rating on the computer software c...
Amazon stock has a 20% upside to $150: Jefferies analyst predicts
June 21, 2023 11:15 PM AEST| By InvezzAmazon (NASDAQ: NASDAQ) stock has more upside, even after rising by more than 55% this year. In a note, an analyst at Jefferies said that the company could benefit from the ongoing generative artificial intelligence (AI) trends. John Colantuoni, an a...
Interesting AI statistics and trends in 2023
June 21, 2023 10:26 PM AEST| By InvezzArtificial intelligence (AI) technology is causing shockwaves around the world for the rate at which companies and startups are adopting it. Going by AI statistics, one of the many concerns around AI is the effects that generative AI has on humans in...
Morgan Stanley dubs Baidu stock the ‘best AI play in China’
June 21, 2023 02:41 AM AEST| By InvezzBaidu Inc (NASDAQ: BIDU) will benefit as investors continue to chase the rapid growth in artificial intelligence, said a Morgan Stanley analyst in his note titled “The Best AI Play in China” on Tuesday. Baidu stock has upside to $190 Gary...
U.K. regulator clears Amazon’s $1.7 billion acquisition of iRobot
June 19, 2023 04:39 AM AEST| By InvezzAmazon.com Inc (NASDAQ: AMZN) secured approval from the British regulator to buy iRobot Corporation (NASDAQ: IRBT) for $1.7 billion on Friday. Shares of the smart vacuum cleaners company ended more than 20% up. Amazon-iRobot deal won’t hurt com...
AMD unveils new A.I. chip to rival Nvidia
June 14, 2023 06:11 AM AEST| By InvezzAdvanced Micro Devices Inc (NASDAQ: AMD) just revealed a new high-end graphics processing unit to rival Nvidia Corp (NASDAQ: NVDA) in serving A.I. heavy tasks. AMD MI300X advanced GPU is here MI300X – the new A.I. chip or “ac...
Cathie Wood turns to Meta stock as A.I. play after missing on Nvidia
June 14, 2023 12:52 AM AEST| By InvezzShares of Meta Platforms Inc (NASDAQ: META) have more than doubled already since the start of 2023 but influential investor Cathie Wood sees further upside ahead. Wood bought $47 million worth of Meta stock The Founder and CEO of Ark Invest spent mor...
Bernstein likes Oracle ‘even excluding A.I.’ after its Q4 results
June 13, 2023 07:36 AM AEST| By InvezzOracle Corporation (NYSE: ORCL) is trading up in extended hours after reporting better-than-expected results for its fourth financial quarter. Oracle stock up on strong cloud revenue Investors are particularly cheering a whopping 54% increase in its...
Jim Cramer names top two stocks to buy on post-earnings dip
January 01, 1970 10:00 AM AEST| By InvezzRenowned investor Jim Cramer has identified two stocks that he believes are undervalued following their recent earnings reports. Cramer is bullish on Advanced Micro Devices Inc (NASDAQ: AMD) and Eaton Corporation PLC (NYSE: ETN), urging investors to...
Rivian just announced a partnership with Tesla Inc
June 21, 2023 05:42 AM AEST| By InvezzShares of Rivian Automotive Inc (NASDAQ: RIVN) are keeping resilient even though the EV maker lost its spot on the Nasdaq 100 on Tuesday. Why are Rivian shares up on Tuesday? Investors are still happy because Rivian announced a new partnership with T...
DraftKings announces a superior bid for PointsBet’s U.S. assets
June 18, 2023 04:47 AM AEST| By InvezzShares of DraftKings Inc (NASDAQ: DKNG) ended slightly down on Friday after the sports betting company proposed to buy the U.S. assets of PBH Holdings. PointsBet already has a deal with Fanatics The Boston-headquartered firm is willing to pay $195 mi...
Micron may soon announce a billion-dollar investment in India
June 17, 2023 02:04 AM AEST| By InvezzMicron Technology Inc (NASDAQ: MU) is in focus this morning after a report said it was close to making a billion-dollar investment in India. Here’s what we know so far Anonymous sources told Bloomberg today that the Boise-headquartered firm cou...
