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Hedge funds increased holdings in AI companies like Nvidia, Amazon, Meta, and Microsoft while reducing positions in other sectors. Analysts predict huge revenue from Nvidia's new GPUs.
Microsoft's emissions increased by 29.1% due to data center expansion for AI and cloud computing, competing with Amazon and Google. It plans to use 100% carbon-free electricity by 2030.
Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.
Apple is developing a chip to run AI tools on servers, but it is unclear if the tech giant will deploy it, The Wall Street Journal reported.
Amazon.com (NASDAQ:AMZN) had its target price boosted by Argus from $185.00 to $205.00 in a research report released on Thursday, Benzinga reports. Argus currently has a buy rating on the e-commerce giant’s stock. Several other research firms also recently issued reports on AMZN. Wolfe Research boosted their price objective on Amazon.com from $195.00 to $205.00 […]