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Morgan Stanley has lowered its price target for Arm and has replaced it with Cadence Design as its top pick. This shift highlights a strategic change in the firm's investment focus within the technology sector.
Shares of Compass Group fell 6% after BNP Paribas Exane downgraded the stock from outperform to underperform, citing concerns over client retention in the US Healthcare sector. The firm anticipates a potential 10% price-to-earnings derating and set a price target of 2,500 pence, indicating further decline. In contrast, Aramark remains rated outperform, while Sodexo is underperform.
Huawei has introduced the Kirin X90 chip, marking a shift away from Intel processors and Windows software due to US restrictions. The chip, developed by HiSilicon, has received a Level 2 national security certification and is expected to utilize SMIC’s 7nm process and Taishan cores. As Huawei transitions its PCs and laptops to its own hardware and software, it may launch an "AI PC" running HarmonyOS as early as April, following the end of its Windows license.
Aramark's CFO, James Tarangelo, will participate in the UBS Global Consumer and Retail Conference on March 13, 2025, at 10:00 a.m. ET, featuring a Fireside Chat session. A live audio webcast and replay will be available on Aramark's Investor Relations website, enhancing accessibility for investors.
Aramark's Chief Financial Officer, James Tarangelo, will participate in a Fireside Chat at the UBS Global Consumer and Retail Conference on March 13, 2025, at 10:00 a.m. ET. Investors can access the live audio webcast and replay through the Investor Relations section of Aramark's website at www.aramark.com.
UBS has maintained a Neutral rating on Apple Inc. with a $236 target, as the anticipated launch of the iPhone SE's fourth generation approaches on February 19. This model will feature an internally designed modem, marking a shift from Qualcomm components. Despite a slight revenue growth of 2.61% over the past year, analysts have expressed concerns about hardware spending and aggressive fiscal estimates, with varying target prices from other firms reflecting differing outlooks on Apple's performance.
Satya Nadella affirmed Microsoft’s commitment to invest $80 billion in AI infrastructure amid Elon Musk's skepticism about the Stargate Project's funding. While Musk claimed partners lack sufficient cash, Nadella emphasized Microsoft's ongoing collaboration with OpenAI and the importance of building practical AI solutions. Despite tensions, both companies maintain a strong partnership, with Microsoft holding exclusive rights to OpenAI's API on its Azure platform.
Arm's stock surged 15.27% following news of its collaboration on the Stargate project, contributing to a year-to-date increase of 45.02%. Barclays analyst O’Malley raised the price target from $145 to $155, maintaining a Buy rating, while the consensus rating on Wall Street is a Moderate Buy with an average target of $155.73.
Elon Musk has raised concerns about the financial viability of the $500 billion Stargate AI Project, led by OpenAI and SoftBank, which aims to build AI infrastructure across the US and create over 100,000 jobs. Despite strong government support, Musk questions SoftBank's ability to fund the initiative, noting it has less than $10 billion secured. The project, announced by President Trump, has key partners including Oracle, Microsoft, NVIDIA, and Arm, with initial construction already underway in Texas.
Elon Musk has expressed skepticism about Donald Trump's $500 billion AI initiative, claiming it lacks sufficient financial backing, particularly from SoftBank. Musk's comments followed a White House announcement of the "Stargate" project, which aims to create over 100,000 jobs and leverage AI for cancer research, with major investments from tech leaders including Sam Altman and Larry Ellison.
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