Summary: Microsoft is pushing its AI PC agenda with Qualcomm's Snapdragon X Elite and X Plus SoCs for its next-gen Surface Laptop and Pro tablets. These chips promise impressive performance, innovative features, and NPU grunt for advancing AI capabilities on Windows machines.
Full articleSummary: IBM extended collaboration with Salesforce by combining their generative AI tools and focusing on bi-directional data integration, large language models, and responsible AI solutions.
Full articleSummary: Microsoft's AI assistant Copilot in Windows 11 and Bing will utilize the latest OpenAI technology, GPT-4o, for improved question-answering, text generation, voice, and computer vision support. Microsoft also announced other AI integrations in its new suite of offerings with features like Recall, Live Captions, and Windows Studio Effects.
Full articleSummary: A group of Tesla shareholders urges investors to vote against a $40 billion compensation package for CEO Elon Musk, citing concerns about its excessive nature and lack of alignment with long-term growth. The company is facing challenges including falling global sales, slowing electric vehicle demand, and a 30% stock price decline this year. Shareholders are also asked to vote against the reelection of board members and the recent pay package restoration proposal. Tesla's stockholders will vote on these matters on June 13.
Full articleSummary: Comcast announced a new StreamSaver bundle including Netflix, Peacock, and Apple TV+ at $15 per month for Xfinity customers, with a launch planned for the next week.
Full articleSummary: Medtronic is expected to report fourth-quarter earnings to indicate if it can sustain mid-single-digit growth, with a focus on segments like cardiovascular and diabetes. Wall Street analysts believe the company's success will be influenced by its rivals' financials and market dynamics.
Full articleSummary: Gilead Sciences, Inc. announced the acquisition of 49.9% equity stake in Pionyr Immunotherapeutics Inc., a biotech company focused on developing cancer immunotherapies. Gilead plans to advance Pionyr's pipeline candidates and aims to develop new cancer therapies. Gilead's shares have increased 15.5% this year.
Full articleSummary: Eli Lilly's Phase 3 study of mirikizumab in Crohn's disease showed more than half of patients achieved clinical remission at one year, with statistically significant improvements compared to placebo. Data will be presented at Digestive Disease Week.
Full articleSummary: Lowe's beat Wall Street's Q1 earnings and revenue expectations, despite decreased spending by DIY customers. The company maintained its full-year forecast, expecting a decline in total sales and comparable sales, with earnings per share projected at $12 to $12.30.
Full articleSummary: Nvidia is at the center of the action in technology with its AI products and partnerships with big companies like Google, Microsoft, Meta, Amazon, and others. It is expected to report significant year-over-year revenue growth of 243%, driven by its data center business. Analysts believe Nvidia will continue to grow in the AI sector, with its stock having soared 91% this year.
Full articleSummary: South Korean defense companies are projected to increase their global market share for key export products by 2032. Hanwha Aerospace's K9 and LIG Nex1's Cheongung II are expected to dominate the self-propelled howitzer and medium-range surface-to-air missile markets, respectively. Hyundai Rotem's K2 and KAI's FA-50 are forecasted to rank second in the tank and light combat aircraft markets.
Full articleSummary: Eric Fry believes that a certain AI stock has the potential to provide gains similar to Nvidia over the next 40 years.
Full articleSummary: Comcast officially introduced the StreamSaver bundle at $15 per month, offering access to Netflix Basic, Peacock Premium, and Apple TV+ at a discounted rate compared to individual subscriptions.
Full articleSummary: Boeing Co. announced a commitment of $240 million to a new innovation centre in the Montreal area, part of a $330 million investment from various companies for the aerospace hub which includes research on drones and decarbonization.
Full articleSummary: Bristol Myers Squibb launched Live Your PosSCZible campaign to challenge preconceived notions about schizophrenia and raise awareness. The campaign features educational resources and stories of individuals living with the condition, supported by actor Taye Diggs.
Full articleSummary: Nvidia co-founder Curtis Priem donated $75 million for a quantum computer system at Rensselaer Polytechnic Institute, aiming to establish the Hudson Valley as a tech hub. The computer uses subatomic quantum bits to process data faster than conventional computers, and Nvidia has been thriving due to tech firms relying on its chips.
Full articleSummary: Analyst recommendations play a role in influencing stock prices, with NextEra Energy (NEE) receiving an average brokerage recommendation (ABR) of 1.38, suggesting a buy. However, research shows that brokerage recommendations may not always lead to the best investment decisions due to the strong positive bias of analysts.
Full articleSummary: JPMorgan Chase & Co stock (JPM) experienced a big drop as Smart money sold the stock after CEO Jamie Dimon stated they would not buy back stock at the current levels. This indicates the overdone run-up in the stock. Smart money trimmed their position, taking advantage of momo crowd buying.
Full articleSummary: Analyst Aaron Rakers from Wells Fargo maintains a Buy rating on Pure Storage (PSTG) with a price target of $70.00. The company's shares closed at $60.12. Insiders have been selling their shares, and the analyst consensus rating is Strong Buy with an average price target of $57.16.
Full articleSummary: Stock market fluctuated near all-time highs as traders awaited Nvidia Corp.'s earnings and Federal Reserve speakers' remarks. S&P 500 trimmed its monthly rally, Nvidia dropped, Palo Alto Networks tumbled, and Macy's rallied after beating profit estimates.
Full articleSummary: Thunder is now offering services to implement Salesforce Data Cloud, helping Marketing and Services operations mitigate cost and complexity for customers. Thunder has been instrumental in the success of Turtle Bay Resort, increasing repeat bookings by 20% through AI-generated service replies and recommendations. Thunder has tailored the Unified Console accelerator to various industries and has appointed key leadership members to drive their Data & AI success.
Full articleSummary: Target is making big changes in their stores by lowering prices on about 5,000 popular items, with more reductions expected by Memorial Day and throughout the summer.
Full articleSummary: IBM has previewed its upcoming watsonx Code Assistant for Enterprise Java Applications at its annual Think conference. The generative AI-based code assistant aims to accelerate Java application lifecycle by providing capabilities such as code generation, code explanation, and test generation.
Full articleSummary: JP Morgan Chase announces a £40 million commitment to invest in the UK, focusing on improving financial health, careers, and skills for young people and underserved communities over the next five years.
Full articleSummary: Comcast has introduced StreamSaver service bundle which includes Netflix, Peacock Premium, and Apple TV Plus at a discounted price for Xfinity customers. The company aims to grow scale for Peacock and rekindle growth for Xfinity broadband services.
Full articleSummary: Eli Lilly and Company (LLY) is at a new all-time high, with strong performance over the past two days and significant year-to-date and 52-week gains.
Full articleSummary: Emerson Electric (NYSE:EMR) has seen a 8.5% increase in its stock over the past three months, with a ROE of 7.2% which is lower than the industry average of 14%. The company's declining earnings growth is attributed to its low ROE and low reinvestment into the business. Analysts are expecting a significant improvement in the company's earnings growth rate.
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