The AI landscape is seeing significant activity across investments, stock predictions, and company strategies. On the investment front, GV, formerly Google Ventures, is strategically investing in AI companies, even those that compete with Google's parent company, Alphabet, focusing on various AI components like chips and software. Harmonya, an AI platform providing product data insights, secured investment from W23 Global to enhance AI for retail and CPG, while Sharpsell, an AI sales platform, raised Rs 30 crore, with Equentis Angel Fund contributing Rs 10 crore. Meanwhile, Wall Street analysts are suggesting potential downturns for some AI stocks; Jefferies anticipates a 62% drop for Palantir to $60 per share, and Morgan Stanley projects a 47% decrease for CoreWeave to $58 per share, citing overpricing concerns. However, Morgan Stanley is also optimistic about the AI chip market, raising price targets for Nvidia and other AI chip stocks, driven by the increasing demand for advanced semiconductor solutions. Companies like SoundHound AI, with revenue up 151%, and Applied Digital are also being eyed for their growth potential in the expanding AI market. In China, Alibaba is demonstrating confidence in the AI sector, investing 380 billion yuan in AI infrastructure and 50 billion yuan to support merchants and consumers, while improving its Qwen AI models through Tongyi Lab. Elsewhere, investors are closely monitoring Microsoft and Meta's AI spending, estimated at around $70 billion each this year, with concerns about the timeline for these investments to yield profits. Finally, Intel is positioning itself for an AI-driven turnaround, launching AI PCs and developing a full-stack AI platform, with Q2 revenue at $12.9 billion.
Key Takeaways
- Jefferies predicts Palantir's stock could drop 62% to $60 per share.
- Morgan Stanley forecasts a 47% stock decrease for CoreWeave, potentially reaching $58 per share.
- GV (formerly Google Ventures) is investing in AI companies, including those competing with Alphabet.
- Morgan Stanley increased price targets for AI chip makers like Nvidia, citing long-term strength in the AI business.
- SoundHound AI's revenue is up 151%, indicating rapid growth in the voice AI sector.
- Applied Digital is building data centers for AI, positioning it for growth in the AI infrastructure market.
- Alibaba is investing 380 billion yuan in AI infrastructure in China.
- Harmonya received investment from W23 Global to enhance its AI platform for retail and CPG companies.
- Sharpsell, an AI sales platform, raised Rs 30 crore in its latest funding round.
- Microsoft and Meta are estimated to spend around $70 billion each on AI this year, raising investor concerns about profitability timelines.
Analysts predict big drop for AI stocks Palantir and CoreWeave
Wall Street analysts think Palantir and CoreWeave stocks could fall a lot in the next year. Palantir's stock might drop 62% to $60 per share, according to Jefferies. Morgan Stanley predicts CoreWeave's stock could decrease by 47% to $58 per share. Palantir makes software for managing data, while CoreWeave offers cloud services for AI. Investors should be careful with these stocks because they could be overpriced.
Analysts predict big drop for AI stocks Palantir and CoreWeave
Wall Street analysts think Palantir and CoreWeave stocks could fall a lot in the next year. Palantir's stock might drop 62% to $60 per share, according to Jefferies. Morgan Stanley predicts CoreWeave's stock could decrease by 47% to $58 per share. Palantir makes software for managing data, while CoreWeave offers cloud services for AI. Investors should be careful with these stocks because they could be overpriced.
AI stocks Palantir and CoreWeave may fall, say analysts
Analysts predict that Palantir Technologies and CoreWeave stocks could drop significantly. Palantir, known for AI software, might see a 62% decrease. CoreWeave, which specializes in cloud computing for AI, could fall by 47%. Concerns include high competition, potential tech changes, and current AI hype. Analysts suggest investors be careful and consider the risks when investing in these stocks.
GV invests in AI, even when it competes with Alphabet
GV, formerly Google Ventures, is investing heavily in AI companies. They are even investing in companies that compete with Alphabet, Google's parent company. GV's partners are investing in different parts of AI, like chips and software. They believe it's important to move quickly and trust the people starting these companies. GV has invested in companies like Slack and Thinking Machines Lab, which compete with Google products.
GV invests in AI, even when it competes with Alphabet
GV, formerly Google Ventures, is investing heavily in AI companies. They are even investing in companies that compete with Alphabet, Google's parent company. GV's partners are investing in different parts of AI, like chips and software. They believe it's important to move quickly and trust the people starting these companies. GV has invested in companies like Slack and Thinking Machines Lab, which compete with Google products.
Morgan Stanley raises targets for chip stocks due to AI
Morgan Stanley has increased its price targets for several chip stocks. They believe the artificial intelligence (AI) sector is showing exceptional strength. This strength is leading to higher demand for advanced semiconductor solutions. The firm's revised targets show they are optimistic about the industry's ability to benefit from the growing AI market. Companies with strong AI-related products are expected to see significant growth.
Nvidia and other AI chip stocks get price target increases
Morgan Stanley increased its price targets for five AI chip makers, including Nvidia. The firm believes the enthusiasm for AI chips is justified by long-term strength in the business. They rate Nvidia, Astera Labs, and Broadcom as overweight, meaning they recommend buying these stocks. According to Morgan Stanley, customers need more computing power, and AI is driving this demand.
SoundHound AI and Applied Digital stocks could grow quickly
The AI market is expected to grow a lot by 2033, making it a good idea to invest in AI stocks. SoundHound AI creates voice AI products for businesses and its revenue is up 151%. Applied Digital builds data centers for tech companies to use for AI. These two smaller AI companies could see significant growth in the future.
Alibaba confident in China's AI and consumer market growth
Alibaba's finance chief, Toby Xu Hong, says the company is confident in China's AI sector and consumer market. Alibaba is investing 380 billion yuan in AI infrastructure. They are also spending 50 billion yuan to help merchants and consumers. Xu says AI will change all industries and that China is a leader in this change. Alibaba's Tongyi Lab is also improving its Qwen AI models.
Harmonya gets investment for AI product data insights platform
Harmonya, an AI platform that gives product data insights, received an investment from W23 Global. The funding will help Harmonya improve its AI for retail and CPG companies. W23 Global is a venture capital fund supported by grocery retailers like Ahold Delhaize and Tesco. Harmonya helps retailers personalize customer experiences using AI. The company is also expanding into Europe and APAC.
Sharpsell raises Rs 30 crore for AI sales platform
Sharpsell, an AI sales platform, has raised Rs 30 crore in its latest funding round. Equentis Angel Fund invested Rs 10 crore in this round. Sharpsell, founded in 2022, provides an AI-based platform for various sectors. This is the largest single-company investment made by Equentis Angel Fund under its AIF license.
Investors watch Microsoft and Meta's AI spending closely
Microsoft and Meta are spending a lot on AI, and investors are paying close attention. The companies are estimated to spend around $70 billion each this year on AI. Analysts are worried that these large expenses might not lead to profits quickly enough. Microsoft is working with OpenAI, while Meta is developing its own AI. Investors will be looking to see if these investments are paying off.
Is Intel a hidden winner in the AI race?
Intel, once a leader in semiconductors, has been struggling to keep up in the AI field. However, recent results suggest Intel is preparing for a turnaround with a focus on AI. Intel's Q2 revenue was $12.9 billion, and analysts expect the stock to rise. The company is launching AI PCs and focusing on creating a full-stack AI platform. While Intel still lags behind Nvidia, it could be a good investment for patient investors.
Sources
- 2 Popular Artificial Intelligence (AI) Stocks to Sell Before They Fall 47% and 62%, According to Wall Street Analysts @themotleyfool #stocks $PLTR $MSFT $GOOGL $^GSPC $MS $CRM $JEF $MORN $GOOG $TPL $CRWV
- 2 Popular Artificial Intelligence (AI) Stocks to Sell Before They Fall 47% and 62%, According to Wall Street Analysts
- 2 Popular Artificial Intelligence (AI) Stocks to Sell Before They Fall 47% and 62%, According to Wall Street Analysts
- GV Bets Big On ‘AI Magic’ — Even When It Competes With Alphabet | AI artificial intelligence
- GV Bets Big On ‘AI Magic’ — Even When It Competes With Alphabet
- Chip stocks targets raised at Morgan Stanley on ’exceptional’ AI strength By Investing.com
- Nvidia, AI Chip Stocks Score Price-Target Hikes
- 2 AI Stocks That Could Go Parabolic @themotleyfool #stocks $SOUN $APLD
- Alibaba’s finance chief voices confidence in China’s AI boom
- Harmonya Secures W23 Global Investment for AI Product Data Insights
- AI sales enablement platform Sharpsell raises Rs 30 crore
- Microsoft, Meta Face Investor Scrutiny Over AI Spending Binge
- Is Intel Stock a Hidden AI Winner?
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