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🤖 AI And The Markets

Google, Microsoft, And Meta Can’t Stop Talking About A.I. — Here’s Why Apple Rarely Mentions It – CNBC

During calls after this week’s earnings reports, Alphabet CEO Sundar Pichai said “AI” 66 times. Microsoft CEO Satya Nadella and his execs said it 47 times. And Meta CEO Mark Zuckerberg and the exec team said the magic phrase 42 times, per CNBC analysis. During May’s Apple earnings call, CEO Tim Cook only said “AI” twice, and that was in response to a question. During Apple’s 2hr software launch event in June, it never said the phrase, although it announced several new features powered with AI.

A New Study Highlights A Much Bigger Group Of Companies That Stand To Benefit From AI – WSJ

The working paper analyzes the workforce makeup at each of 2,500 publicly traded companies to determine how many jobs at each could either be replaced or made more efficient with the help of generative AI. Then it compares those findings to the companies’ stock-market performance following the release of the AI tool last November. Here is what they found.

How Nasdaq-100 ‘Special Rebalance’ Has Impacted The Big Seven Tech Stocks

As of the end of June 2023, Microsoft had a 12.8% weighting, Apple had a 12.2% weighting and Nvidia and Alphabet were around 7%. In total, the top 10 stocks accounted for around 55% of the portfolio. —Following a “special rebalance” from Nasdaq to address overconcentration, allocations to the largest tech stocks have been cut. The changes took effect this week. —This may help investors as rotation into other stocks seems to be happening in the markets for a more broad based rally.

An Incredible AI Growth Stock To Buy Before It Soars – Motley FOol

While Innoviz is among the more thinly covered stocks on Wall Street, analysts that follow the company are overwhelmingly bullish. Of the six analysts that cover Innoviz, five rate it a buy or strong buy, and not a single sell. J.P. Morgan is the most bullish on Wall Street, with an overweight (buy) rating and a price target of $13, which suggests a 300% upside. —JPM expects substantial revenue increases in the second half of 2023, citing “industry-leading” backlog of $6.6 billion, per agreements with Volkswagen and BMW Group.


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