(Bloomberg) — Nvidia Corp. boss Jensen Huang lauded DeepSeek and China’s other contributions to AI research as he met with political and tech leaders in Beijing. Most Read from Bloomberg Huang said open-source Chinese AI models were helping the rest of the world during a fireside chat with Wang Jian, a former Alibaba Group executive…
The GENAI Summit Hong Kong is designed to foster collaboration and knowledge-sharing, offering a dynamic platform for attendees to dive into the practical applications of GenAI in industries such as finance, healthcare, marketing, education, and entertainment. With an expected attendance of over 500+ participants and representatives from leading gen AI tech companies, the event promises…
July 4 – Wedbush Securities projects a more than 10% gain for major tech stocks in the second half of 2025, driven by a surge in enterprise and government AI spending. The top five picks are Nvidia (NASDAQ:NVDA), Meta Platforms (META), Microsoft (NASDAQ:MSFT), Palantir (NASDAQ:PLTR) and Tesla (NASDAQ:TSLA). Analysts estimate roughly $2 trillion will flow…
According to estimates from S&P Global, just the five AI hyperscalers; Meta Platforms, Alphabet, Microsoft, Amazon, and Apple are projected to spend more than $1 trillion in capital investment on AI in the three years through 2027. Let that number sink in for a second…more than a trillion spent to develop artificial intelligence from just…
The race to become the first $4 trillion company is on. Artificial-intelligence heavyweights Microsoft and Nvidia continue to battle to be the world’s most valuable company by market capitalization, after surpassing the $3 trillion milestone last year. Twice this month, Microsoft unseated Nvidia as the most valuable company, but Nvidia regained its title Wednesday. On…
In a scathing critique, Wedbush Securities has sounded the alarm on President Donald Trump’s newly proposed global tariffs, labeling them a potential “economic Armageddon” for the U.S. tech sector. Analysts, spearheaded by managing director Dan Ives, argue that the fallout from these tariffs could dwarf the devastation of historic market collapses like the dot-com bust…
Wedbush is still bullish on Palantir Technologies Inc. (NASDAQ:PLTR), keeping its Outperform rating and $120 price target, despite recent market turbulence. Analysts are doubling down on Palantir’s position as a leader in the AI race, with its AI-driven products (AIP) playing a major role in its future growth. The company’s gross profit margin of 80.25%…
JD Vance walked out of a dinner with heads of state on Monday night when the Chinese vice-premier “started singing the praises of trade and the UN”, according to a reporter in the room. Dominique Seux, the only French journalist present at the dinner at Paris’s Elysée palace on Monday night, said the US vice-president,…
STORY: Wall Street’s main indexes closed higher on Wednesday as investors brushed off disappointing earnings from Alphabet and weighed the prospect of future interest rate cuts from the Federal Reserve. The Dow gained about seven-tenths of a percent, the S&P 500 added about four-tenths and the Nasdaq ticked up roughly two-tenths of a percent. Google-parent…
Wedbush analyst Daniel Ives raised his Palantir Technologies (NASDAQ:PLTR) price target to $120 from $90, maintaining a Buy rating. Ives, who called Palantir the “Messi of AI”, sees the company reaching a $1 trillion market cap within five years, driven by its AI platform. The new target reflects more than a 14% upside from current…