Microsoft on Sunday disclosed that it’s working on a new coprocessor for its next HoloLens augmented reality headset that will be dedicated to handling artificial intelligence workloads. The idea is that with this new chip inside the main “Holographic Processing Unit,” the next-generation HoloLens will be able to do things like recognize objects in the […]
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You can call up Siri without even touching the phone’s home button. It’s a feature Apple introduced a couple of years ago, but a lot of people still don’t know about it. It works with almost all of Apple’s products. If you have an iPhone 6 or older, your device needs to be plugged in […]
Read moreThe stock market will likely continue to grind higher even if “FANG” earnings for the most recent quarter disappoint, money manager and popular blogger Josh Brown told CNBC on Monday. CNBC’s Jim Cramer indicated earlier Monday that there could be a tech sell-off if certain FANG stocks missed on earnings this week. “There is enough […]
Read moreSome on Wall Street are getting even more bullish on Amazon now that it has recently surged above $1,000 a share. Macquarie raised its price target and reiterated its outperform rating, saying Amazon will dominate the e-commerce and cloud computing markets for years. Amazon shares have rallied 37 percent this year through Friday, compared with […]
Read moreThe busiest week for earnings kicks off on Monday, and investors are eyeing one group in particular: biotech. The biotech ETF, IBB, is up more than 22 percent this year and just posted its best week in a month. The ETF could continue to rally when the top names in the group report earnings this […]
Read moreFacebook CEO Mark Zuckerberg spent his Sunday afternoon smoking meats and doing a Facebook Live from his backyard in Palo Alto, California. While waiting for his brisket to slow cook, he delivered an admonition to Elon Musk, his fellow Silicon Valley billionaire, and others who sound alarm bells over artificial intelligence posing a threat to […]
Read moreBarclays upgraded its rating on Xerox from underweight to neutral on Monday. “We are shedding our long-held concerns over the printing market’s health and also risk of incremental competitive intensity,” wrote Barclays analyst Mark Moskowitz. “In the next 12 months, better market conditions and cost take-outs could help Xerox achieve a series of revenue and […]
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Goldman Sachs warned on Monday that the stock market has an “elevated valuation on almost every metric.” A report written by a team led by chief equity strategist David Kostin stated: “The forward P/E multiple of the S&P 500 has risen by 80% since 2011 (to 18x) and now trades at the 89th percentile compared […]
Read moreRide-sharing company Lyft has announced plans to move deeper into self-driving technology — but that does not put the company at odds with its fleet of drivers, according to one top executive. “We will always need drivers,” Raj Kapoor, chief strategy officer at Lyft, told CNBC’s “Squawk Box” on Monday. He also said that Lyft’s […]
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The “Trump trade,” which propelled stocks to record highs after President Donald Trump‘s election victory, has been flipped upside down. Jack Ablin, chief investment officer at BMO Private Bank, said in a note Monday that “skeptical investors have reversed between 50-75% of their Trump trades, according to our calculations.” Stocks surged after the election on […]
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