{
}
Vanguard Group Inc. increased its stake in Blackstone to 66.9 million shares valued at $11.5 billion, while State Street Corp and Geode Capital Management also raised their positions. Blackstone's stock has a consensus hold rating, with a recent price target set at $160 by Wells Fargo, reflecting a potential upside. The company reported earnings of $1.69 per share, surpassing estimates, and has a market cap of $108.5 billion.
Investmark Advisory Group LLC increased its stake in Blackstone by 2.4% in Q3, owning 2,608 shares valued at $399,000. McIlrath & Eck LLC raised its holdings by 6.5%, while Meiji Yasuda Asset Management grew its stake by 0.5% in Q4. Institutional investors own 70% of the stock. UBS upgraded Blackstone to a "buy" rating with a target price of $180, indicating a potential upside of 27.65%. The stock currently has a "Hold" rating from analysts, with a consensus price target of $172.38.
In 2023, China is making significant strides in AI and semiconductor technology, with Huawei's Mate 60 Pro showcasing domestic chip innovation despite U.S. sanctions. Startups like DeepSeek are developing competitive AI models, while state support fuels local chip manufacturers like SMIC and Cambricon. China's rapid adoption of AI across industries positions it as a formidable player in the global tech landscape, potentially narrowing the gap with Western advancements.
Texas's newest solar farm has a nameplate capacity of 875 MW, with 85% allocated to power Google data centers, raising concerns about the increasing energy demands of AI technologies. At a recent conference in Riyadh, industry leaders warned that electricity use could surge by 40% in the next decade, potentially straining global grids. As tech giants explore nuclear and renewable energy sources, the rush to support data centers may divert resources from meeting the needs of ordinary consumers.
Anat Ashkenazi, Google's new CFO, emphasized her commitment to enhancing cost efficiencies during her earnings call debut, following strong third-quarter results. She plans to explore further efficiencies across the organization while maintaining investments in cloud and AI infrastructure, anticipating higher capital expenditures in 2025. Ashkenazi highlighted that recent earnings benefited from headcount and facilities management, with AI integration expected to drive additional efficiencies.
Waymo has secured $5.6 billion in funding to expand its robotaxi service in major U.S. cities, including Los Angeles, San Francisco, and Phoenix, while also partnering with Uber to launch in Austin and Atlanta. The investment brings Waymo's total capital raised to $11.1 billion, as it continues to operate the only commercial robotaxi service in several metro areas, conducting over 100,000 weekly trips. Despite safety concerns and competition from companies like Cruise and Tesla, Waymo's self-reported data indicates its vehicles crash less often than human drivers.
Ruth Porat
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
blackstone sees increased institutional investment amid mixed analyst ratings
Northern Trust Corp
Geode Capital Management LLC
State Street Corporation
KEEFE, BRUYETTE and WOODS Inc.
Piper Sandler Cos
BMO Capital Markets Corp.
Invesco Ltd.
Wells Fargo & Company
USA
Ruth Porat
Show more
21:06 21.03.2025
blackstone sees increased institutional investment and analyst upgrades in recent quarters
13:04 18.03.2025
China's AI advancements challenge Western dominance amid ongoing sanctions and restrictions
Chinese Yuan
Amazon.com, Inc.
Baidu, Inc.
Cambricon Technologies Corporation Limited
Microsoft Corp
TENCENT
Alphabet Inc.
NVIDIA Corporation
USA
CHN
Gina Raimondo
Joe Biden
Ruth Porat
Show more
12:00 24.01.2025
data centers drive soaring electricity demand amid renewable energy challenges
United States Dollar
Colombian Peso
Saudi Arabian Oil Company
Alphabet Inc.
Amazon.com, Inc.
BlackRock, Inc.
Microsoft Corporation
Blackstone Inc.
SoftBank Corp.
SAU
USA
Eric Schmidt
Stephen Schwarzman
Shou Chew
Ruth Porat
Larry Fink
Show more
16:40 30.10.2024
google's new cfo emphasizes cost efficiencies and investment in cloud technology
United States Dollar
Alphabet Inc.
Amazon.com, Inc.
Eli Lilly and Company
Aqua Metals, Inc.
TikTok
OpenAI
USA
Ruth Porat
Anat Ashkenazi
Sundar Pichai
Mark Mahaney
Show more
01:13 30.10.2024
waymo secures 5.6 billion funding to expand robotaxi services in us
United States Dollar
Hyundai
Tesla, Inc.
Jaguar Cars Ltd.
Waymo
Uber Technologies, Inc.
USA
Tekedra Mawakana
Ruth Porat
Elon Musk
Dmitri Dolgov
Timothy B. Lee
Show more
15:30 25.10.2024
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Economic Indicators
Global Trade Developments
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People: