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The Latest Breaking News from Dan Ives

PayPal cofounder Max Levchin’s network of tiny banks could help Apple with its Goldman Sachs issue

The tech giant’s most high-profile banking partnership is reportedly dissolving, but a partnership with Affirm, led by PayPal cofounder Max Levchin, plus a network of smaller, mostly state-chartered banks, is now in place.

Fortune

Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package

If Tesla shareholders approve an all-stock compensation package for CEO Elon Musk that was thrown out by a Delaware judge, it would almost guarantee he would remain at the company he grew to be the world leader in electric vehicles

The Independent UK

Tesla Pay Vote Is ‘A Nightmare For Shareholders’: What Could Happen

Tesla shareholders must vote on CEO Elon Musk's 2018 pay. If the vote fails to pass, some investors fear Musk could leave. Here's what we know.

InsideEVs

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Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of this other companies

The Independent UK

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders

Apple’s annual World Wide Developers Conference on Monday is expected to herald the company’s move into generative artificial intelligence, marking its late arrival to a technological frontier that’s expected to be as revolutionary as the invention of the iPhone

The Independent UK

Tesla leads charge to defend Elon Musk’s $56bn pay package

After the deal was struck down in court in January, investors will be asked to endorse it again this week

The Guardian - US

Elon Musk may ‘step back’ if shareholders reject $56bn pay package, Tesla chair warns

Robyn Denholm says electric carmaker’s CEO could spend his time elsewhere if biggest pay deal in US corporate history isn’t approved

The Guardian - UK

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Alphabet’s next CFO Anat Ashkenazi ‘fills a void’ for the company at key time during AI Revolution, says top analyst

Ashkenazi is a 23-year veteran of Eli Lilly and Company.

Fortune

Microsoft Unveils 'Copilot Plus' PC Amped With AI

Microsoft CEO Satya Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into Windows, the company's world leading operating system.

International Business Times

Down 20% from Highs, Should You Buy the Dip in Palantir Stock?

Amid a nearly 21% pullback from its early March highs, investors might be contemplating whether to seize the opportunity to buy Palantir stock, especially as it now aligns more closely with analysts' mean price target following post-earnings declines. Let’s have a closer look.

Barchart

Microsoft Expands Its AI Empire Abroad

Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.

International Business Times

Tesla Asks Shareholders To Reapprove Huge Musk Pay Deal

Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.

International Business Times

Apple faces a robot 'horror show,' analyst warns, as rumors of a new AI companion emerge

Apple is said to be looking into creating a mobile robot that could follow people around their homes, but one analyst isn't impressed.

iMore

Up 168% in 1 Year, Is It Too Late to Buy Palantir Stock?

Palantir shares have surged on the back of its robust financial performance, positive sentiment regarding a significant contract win, and excitement around AI. However, is PLTR stock still a smart investment choice? Let's explore.

Barchart

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Barchart

Down 34% YTD, What's Next for Tesla Stock?

Tesla is the worst-performing S&P 500 stock of the year so far, yet optimism lingers among some die-hard TSLA bulls. Here's a look at what Wall Street is predicting for the struggling Magnificent 7 stock.

International Business Times

Tesla Faces Uphill Battle As Analysts Downgrade Outlook Amid Growth Concerns

Tesla faces significant challenges as analysts downgrade outlook amid concerns over stagnant growth and increasing competition in the electric vehicle market.

Barchart

Here's How High Wall Street Thinks Palantir Stock Can Rise

Palantir stock has more than tripled in the last 12 months, making it quite expensive at the current valuation. Can the AI tech stock continue to surge in 2024?

Barchart

Up 182% YTD, Wedbush Predicts This AI Stock Will Surge Another 50%

Despite a sharp pullback post-earnings, analysts remain optimistic about SoundHound AI's growth prospects - and at least one Wall Street pro thinks the AI penny stock can rally more than 50% from current levels.

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news in one place.

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Barchart

Buyer Beware: Morgan Stanley is Bearish on This Popular AI Stock

The high-profile investment bank isn't too excited about the prospects for this up-and-coming AI company. Is the skepticism warranted? Here's what the rest of Wall Street is saying.

Top News

Apple Abandons Electric Vehicle Project For AI Development

Apple abandons electric vehicle project to focus on AI, signaling a strategic shift in response to industry challenges.

The Guardian - US

US chipmaker Nvidia hits $2tn value amid artificial intelligence boom

Company blows past Wall Street’s expectations with 265% jump in sales after hailing ‘tipping point’ for AI

International Business Times

General Motors Eyes Strong 2024 As Earnings Top Estimates

General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike.

The Guardian - US

Big tech boom or bust? Experts see signs of strength after wave of layoffs

Even as more job cuts await, some analysts see the beginnings of a bull market in the coming season of earnings reports

Fortune

Tech kicks off 2024 with a layoff bender as the industry braces for yet another 'bumpy landing'

In just the first two weeks of the year, a number of tech companies have announced a deluge of job cuts.

Fortune

The use cases for AI at companies are ‘exploding globally,’ says a Wedbush analyst

A new survey finds that generative AI is a high priority within IT budgets this year, Dan Ives says.

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Kathaleen St Jude McCormick

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