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Infineon shares surged 4.2% to 32.31 euros, making them the second-best performer in the Dax, following a positive assessment from UBS. Analyst Francois-Xavier Bouvignies highlighted the company's potential growth driven by artificial intelligence, silicon carbide chip production, and favorable exchange rates, maintaining a "buy" rating with a price target of 41 euros. The stock is currently facing resistance between 33 and 34 euros.
Brendan Greene, creator of PUBG, is developing a gameplay-focused metaverse called "Artemis," explicitly excluding NFTs from the project. He aims to create a "3D internet" where players can generate and interact in diverse worlds, drawing inspiration from games like Minecraft. The first game, "Prologue," is set for a 2025 launch, while a second, unnamed multiplayer game will precede the final Artemis stage.
U.S. stocks closed higher on Friday, but all major indexes posted weekly declines, with the S&P 500 marking its third loss in four weeks. This week, focus shifts to the U.S. employment report and the Federal Reserve's meeting minutes, while Advanced Micro Devices (AMD) is highlighted as a buy ahead of its CES 2025 GPU showcase, and Constellation Brands is recommended as a sell due to disappointing earnings.
Nvidia's stock surged 5.4% last week, signaling a strong market comeback as CEO Jensen Huang prepares for a pivotal CES 2025 keynote on AI chips. Despite mixed signals in the broader market, leading stocks like Taiwan Semiconductor and Tesla showed resilience, with many triggering buy signals as 2025 begins. Investors are advised to approach new positions cautiously, monitoring upcoming economic reports and tech developments.
Telegram has introduced a feature allowing users to convert digital gifts into tradable NFTs on The Open Network (TON), enhancing its Web3 capabilities. This innovation has led to a 3% increase in Toncoin's price, now at $5.79, with a remarkable 165% growth year-to-date. The collectible gifts, which gain unique traits, can be traded within Telegram or on external NFT marketplaces, further solidifying Telegram's role in the blockchain space.
Sundial Foods, a California-based alt meat startup known for its innovative protein-structuring technique, has shut down and sold its intellectual property to a large, undisclosed European food company. Founded in 2019 by Jessica Schwabach and Dr. Siwen Deng, the company participated in the Nestlé R&D Accelerator and gained attention for its plant-based chicken wings made from chickpeas and sunflower oil. CEO Schwabach noted that the challenging fundraising environment led to the decision, believing the new owner could better scale the technology.
Tesla, Inc. focuses on designing, manufacturing, and marketing electric vehicles, with 81.1% of sales from motor vehicles. The company also offers services (8.6%), energy production and storage systems (6.2%), vehicle leasing (2.2%), and vehicle loans (1.9%). By the end of 2023, Tesla will operate seven production sites across the USA, China, and Germany, with sales primarily from the USA (46.7%) and China (22.5%).
Apple shares dropped over 3% following UBS's decision to lower its estimates due to ongoing weakness in iPhone sales. The investment firm noted a continued decline in iPhone sell-through, prompting a revision of both unit and revenue forecasts for the tech giant.
Apple's stock has declined as UBS has revised its estimates downward, citing concerns over iPhone sales weakness. The adjustment reflects broader challenges the company faces in a competitive market as demand for its flagship product appears to be waning.
UBS has cut its iPhone sales forecast for December, citing declining demand and a drop in market share in China, where Apple now holds 15.6% compared to Huawei's 15.3% and Vivo's 18.6%. The revision has led to a 2% decrease in revenue estimates and a lower EPS forecast, while competition intensifies with Huawei's New Year discounts. Despite challenges, analysts maintain a consensus 'buy' rating for Apple, with price targets ranging from $184 to $325, driven by anticipated AI upgrades through 2025.
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