GenAI

While the world focuses on Silicon Valley, one investment strategist is taking heed of China’s bold moves in the artificial intelligence space. What Happened: Derek Yan, a senior investment strategist at KraneShares, spoke to Benzinga about how China’s internet giants are laying the...

JPMorgan analyst Doug Anmuth expects tech giants — particularly members of the Magnificent Seven — to ramp up spending on capital expenditures (capex) in a big way. Expect a tech arms race centered around AI advancements to heat up among Amazon.com Inc (NASDAQ:AMZN), Google parent Alphabet Inc (...

Shares of Apple Inc (NASDAQ:AAPL), the largest company in the world, have seen an impressive year-to-date performance up over 16%. One analyst highlighted matters to look out for ahead of its third-quarter earnings report on August 1. The Apple Analyst: Bank of America analyst Wamsi Mohan...

Omnicom Group Inc. (NYSE:OMC) shares are trading lower today after the company reported second-quarter FY24 results. Revenue rose 6.8% Y/Y to $3.85 billion, beating the consensus of $3.82 billion. This was led by an organic growth of 5.2% Y/Y. Acquisition revenue...

Intuit Inc (NASDAQ:INTU) successfully transitioned to a subscription-based model while also showing additional upside from generative artificial intelligence (AI). The Intuit Analyst: RBC Capital Markets’ Rishi Jaluria initiated coverage of Intuit with an Outperform rating and price target...

Amid the technology sector’s pivot to artificial intelligence (AI), Microsoft Corp (NASDAQ:MSFT) investors have benefitted from the company’s push toward AI. A Goldman Sachs analyst noted encouraging signs that Microsoft’s investments in AI will pay off as the technology rolls out...