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Morgan Stanley's CIO Mike Wilson predicts a near-term rally for U.S. stocks, particularly the "Magnificent Seven" (Apple, Nvidia, Meta, Amazon, Alphabet, Microsoft, and Tesla), which are stabilizing after recent declines. He anticipates the S&P 500 could reach 5,900, driven by lower rates and improving earnings revisions, but warns of potential volatility and new lows later in the year. Wilson's year-end target for the S&P 500 is 6,500, suggesting a nearly 13% gain from current levels.
Korean AI chipmaker FuriosaAI has turned down an $800 million acquisition offer from Meta Platforms Inc., choosing to remain independent and focus on growth. Founded eight years ago and led by June Paik, the company specializes in AI inference semiconductors and is currently engaging with clients like LG AI Research and Saudi Aramco. FuriosaAI plans to close an extended Series C funding round soon and is considering a future initial public offering.
OpenAI and Meta Platforms are in discussions with Reliance Industries to explore AI partnerships in India, as reported on March 22, 2025. One potential collaboration involves Reliance Jio distributing ChatGPT. Additionally, OpenAI is considering reducing the ChatGPT subscription price to $7.
OpenAI and Meta Platforms are exploring partnerships with Reliance Industries, focusing on AI solutions and product distribution through its business units, including Jio. Both companies aim to strengthen their presence in India and address concerns about foreign AI firms competing with local players.
Citigroup Inc. (NYSE:C) reported a 5% year-over-year revenue growth to $81.1 billion in 2024, driven by a record 9% increase in its Services segment. The company anticipates a significant reduction in expenses in the latter half of 2024, enhancing its outlook amid ongoing restructuring and regulatory remediation efforts. With a forward P/E ratio of 9.27, Citigroup ranks 13th among cheap stocks favored by billionaires, despite a broader market uncertainty influenced by recent tariff policies and economic signals.
Goldman Sachs projects the S&P 500 could rise 12% by year-end if the U.S. avoids a recession, potentially reaching 6,200 points by 2025. Despite a recent downturn, the Magnificent 7 tech stocks are set to increase capital expenditures significantly, signaling confidence in long-term growth. S&P 500 earnings are expected to grow 7% in 2025, supported by high investor allocation in stocks.
The "Magnificent Seven," comprising major tech firms like Apple and Microsoft, initially drove stock market growth in 2023-2024. However, following Donald Trump's election, trade policies and economic concerns led to a downturn, rebranding them as the "Evil Seven." Despite recent declines, medium to long-term recovery prospects remain positive, contingent on avoiding a trade war escalation.
Analysts have made several notable recommendations, including upgrades for Affirm Holdings to buy with a target of USD 64, and Meta Platforms to buy with a target of USD 754.29. Downgrades include Jefferies to market perform and Martin Marietta to neutral with a target of USD 560. Tesla received an upgrade to overweight with a target of USD 425, while Vulcan Materials was upgraded to overweight with a reduced target of USD 285.
Delaware is facing challenges to its status as the corporate capital following a judge's rejection of Elon Musk's Tesla compensation package, prompting lawmakers to propose legislation aimed at protecting corporate interests. Critics argue the bill will undermine shareholder rights and governance standards, potentially leading to a corporate exodus from the state. With significant state revenue tied to corporate fees, the outcome could have lasting implications for Delaware's economy and legal landscape.
Citigroup Inc. (NYSE:C) ranks 4th among the most profitable value stocks, with a TTM net income of $12.682 billion and a forward P/E ratio of 9. The company is focused on restructuring, reducing expenses, and expanding its market share in treasury and trade solutions, while also investing in technology to enhance client relationships. The shift from growth to value investing is evident, as investors increasingly favor diversified, dividend-focused portfolios over high-growth stocks.
Meta Platforms, Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley predicts rally for beaten-up Magnificent Seven stocks
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01:05 25.03.2025
FuriosaAI rejects Metas 800 million acquisition offer to remain independent
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09:30 24.03.2025
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18:38 21.03.2025
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US tech giants face challenges amid trade tensions and economic uncertainty
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12:26 20.03.2025
analyst upgrades and downgrades impact market sentiment on key stocks
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12:02 19.03.2025
delaware fights to retain corporate capital status amid shareholder lawsuit concerns
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05:23 19.03.2025
citigroup's restructuring and value stock potential amid market shifts
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