Day: September 20, 2023

While the memory chip market has been weak, Deutsche Bank’s Sidney Ho upgraded Micron Technology Inc (NASDAQ: MU) stock upon signals that AI is providing the much-needed lift. Ho believes the worst of the downcycle has now passed, given aggressive production cuts that suppliers made and the strong demand on the AI servers front. Micron is scheduled to report earnings after the close of markets on September 27th after reporting its worst ever quarter in March. Meanwhile on Tuesday, Intel Corporation (NASDAQ: INTC) held its Innovation Conference and it presented all the right products, until CFO… Read More “AI Is Expected To Fuel Up Micron’s And Intel’s Turnaround”

Global graphic design platform Canva was one of the most watched companies in 2021, with over 75 million monthly active users and a $40 billion valuation. But the Australia-based unicorn, minted during the pandemic, was downgraded recently as investors grapple with concerns surrounding the overvaluation of tech stocks. Despite industry pessimism, Canva’s long-term growth potential seems to be undisputed — former Walt Disney Co. CEO Bob Iger invested in the graphic design company in May 2022. Iger, whose total investment remains undisclosed, also joined the company’s board. “We’re incredibly ex… Read More “Ex-Disney CEO Bob Iger Joins Canva As Investor And Advisor As Design Unicorn Clears $40 Billion Valuation”

By Leroy Leo and Khushi Mandowara (Reuters) – U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, but workers may be somewhat spared this time around in a tight labor market. Benefit consultants from Mercer, Aon and Willis Towers Watson see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies. A survey conducted by Mercer, a unit of Marsh McLennan, found over two thirds of e… Read More “US employers to see biggest healthcare cost jump in a decade in 2024”

We’ve reached the 20th week of Benzinga’s six-month series, “Is ChatGPT A Better Financial Advisor?” With just six weeks left in our half-year adventure, the heat is on for ChatGPT. Will the artificial intelligence (AI) platform continue its upward trajectory and stake a claim amongst the elite portfolios? In the beginning, Benzinga gave ChatGPT a hypothetical $10,000, tasking the AI with the challenge of outperforming Wall Street’s best portfolios. As the countdown to the final week draws nearer, where exactly does the AI-curated portfolio stand in the race? Surging ahead from last week’s per… Read More “Wow, ChatGPT Can Pick Stocks: Benzinga’s AI Portfolio Now In 5th Place”

Elon Musk’s biographer Walter Isaacson has given unprecedented insight into many aspects of the billionaire’s life — from business and politics, to Musk’s many relationships and children — in his newly book. After its release on September 12, new details emerged about Musk’s tumultuous relationship with actor Amber Heard. Isaacson highlighted it as the most damaging aspect of Musk’s personal life, even surpassing the challenges posed by his relationship with his father, Knewz.com has learned. Isaacson emphasized that the stormy dynamics within their relationship were a significant attraction f… Read More “Amber Heard and Elon Musk Would 'Stay Up All Night Fighting,' as Billionaire Says Their Relationship Was Most Painful of His Life”

Oil prices have whipsawed over the last couple of years, but more recently crude futures (CLX23) have rallied to a series of new year-to-date highs. The performance of energy stocks is closely interwoven with oil and gas prices, as higher commodity prices boost their earnings – and by extension, their stock prices. The recent price action of energy stocks has diverged from the broader equity markets. In 2022, the energy sector of the S&P 500 Index ($SPX) gained 58%, and was the only sector to end in the green, as wider markets tanked and tech stocks had their worst year in decades. The energy … Read More “3 Oil Price Risks to Know Before You Buy Energy Stocks”

AI is set to infiltrate and disrupt nearly every industry on Earth. And the World of tomorrow will never be the same. Recent predictions put the global AI market cap at $1.8 Trillion by 2030, but I think this is bearish, it could be much, much higher. These are my top 3 AI stocks you should keep an eye on. Let’s get into it: 1. Tesla Inc.Tesla (NASDAQ: TSLA) isn’t a car company. It’s an AI company masquerading as a car manufacturer. Self-driving vehicles are absolutely going to be a thing. AI techniques generally get democratized, but the data is what sets models apart, and no one has better d… Read More “The Upcoming AI Boom”

By Steve Holland and Andrea Shalal NEW YORK (Reuters) – U.S. President Joe Biden and Brazilian President Luiz Inacio Lula da Silva, underscoring their shared commitment to shoring up democracy, launched an initiative on Wednesday to advance the rights of working people, a key focus for both leaders. Biden and Lula, speaking before a bilateral meeting on the sidelines of the high-level United Nations General Assembly, highlighted the importance of decent jobs, good wages and ensuring that workers benefit from the digital and green energy transitions underway broadly in society. “The two largest… Read More “Biden, Brazil’s Lula focus on dangers to democracy, aim to advance workers’ rights”

Toyota Research Institute (TRI) announced a breakthrough generative AI approach based on Diffusion Policy to quickly and confidently teach robots new, dexterous skills. This advancement significantly improves robot utility and is a step towards building “Large Behavior Models (LBMs)” for robots, analogous to the Large Language Models (LLMs) that have recently revolutionized conversational AI. “Our research in robotics is aimed at amplifying people rather than replacing them,” said Gill Pratt, CEO of TRI and Chief Scientist for Toyota Motor Corporation. “This new teaching technique is both very… Read More “Toyota Research Institute Unveils Breakthrough in Teaching Robots New Behaviors”

By Caroline Valetkevitch NEW YORK (Reuters) -Marketing automation firm Klaviyo’s shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm Holdings and Instacart added to doubts over whether a hoped-for new-listings revival would materialize. The high-profile listings have put investor focus back on the initial public offering (IPO) market after a nearly 18-month dry spell, but it may still be a tough time for offerings given high interest rates and recent declines in the broader U.S. stock market, said some investors and market participants. “Investment ba… Read More “Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival”