openai, amazon and nvidia Updates

The artificial intelligence landscape is seeing significant developments across various sectors. Walmart is partnering with OpenAI to integrate shopping capabilities directly into ChatGPT, a move that could challenge Amazon's dominance in e-commerce. This collaboration allows customers to shop via Instant Checkout, a feature designed to anticipate user needs. Meanwhile, Nvidia continues to be a central player, with Morgan Stanley highlighting its growth potential beyond AI chips into areas like self-driving cars and the industrial metaverse. Broadcom has secured a substantial multi-year deal to supply OpenAI with AI accelerator racks, a partnership supported by Microsoft. Alibaba is also heavily investing in AI and cloud technology, forging a partnership with Nvidia to advance AI and robotics, despite facing potential short-term profit risks. On the e-commerce front, eBay is leveraging AI tools and its Authenticity Guarantee service to enhance seller efficiency and transaction trust, with projections of reaching $12.3 billion in revenue by 2028. In the realm of AI security, AITX's subsidiary has received an order for its RIO 180 security units. The industrial sector is also feeling the AI impact, with Oppenheimer identifying Modine and Caterpillar as top picks due to the demand for AI data centers, though residential construction and HVAC markets remain slow. Amidst this growth, a Bank of America survey indicates that a majority of fund managers view tech and AI stocks as being in a bubble, even as U.S. stocks continue to climb.

Key Takeaways

• Walmart is partnering with OpenAI to enable shopping directly through ChatGPT via a new 'Instant Checkout' feature.
• Nvidia's growth potential is seen extending beyond AI chips into sectors like self-driving cars and the industrial metaverse, according to Morgan Stanley.
• Broadcom has a multi-year deal to supply OpenAI with 10 gigawatts of AI accelerator racks through 2029, with Microsoft's backing.
• Alibaba is increasing investments in AI and cloud, partnering with Nvidia for AI and robotics advancements.
• eBay aims for $12.3 billion in revenue by 2028, using AI tools and its Authenticity Guarantee to boost sales.
• A Bank of America survey reveals 54% of fund managers believe AI stocks are in a bubble.
• Oppenheimer highlights Modine and Caterpillar as top industrial picks due to AI data center demand.
• AITX's subsidiary received an order for two RIO 180 security units for a major consumer products company's headquarters.
• Nebius Group holds a 28% stake in AI startup ClickHouse, which specializes in real-time data analytics.
• Alibaba completed a debt exchange worth US$2.65 billion as part of its investment strategy.

eBay uses AI and authentication to boost sales

eBay is using new AI tools to help sellers and has expanded its Authenticity Guarantee service in Germany. These steps aim to make transactions more trustworthy and efficient. The company is focusing on growing sales in areas like jewelry and collectibles. eBay expects to reach $12.3 billion in revenue by 2028.

Alibaba invests heavily in AI and cloud growth

Alibaba is increasing its investments in AI and cloud technology to drive future growth. The company recently completed a debt exchange worth US$2.65 billion. Alibaba is partnering with Nvidia to advance AI and robotics. Despite significant spending, the company faces risks of lower profits in the short term. Alibaba forecasts revenue of CN 1,260.3 billion by 2028.

Walmart partners with OpenAI for AI shopping on ChatGPT

Walmart is teaming up with OpenAI to let customers shop and buy directly through ChatGPT. This new feature, called Instant Checkout, aims to make shopping more convenient by predicting customer needs. Walmart believes this move directly challenges Amazon's shopping approach. Walmart's shares rose 4% on the news, while Amazon's fell 1%.

Morgan Stanley sees big future for Nvidia's AI technology

Morgan Stanley has maintained its 'Buy' rating for Nvidia, believing the company has significant growth potential beyond current AI chip demand. Analyst Joseph Moore highlighted opportunities in areas like self-driving cars and the industrial metaverse. These new markets could greatly increase Nvidia's revenue. The firm expects Nvidia's technology to remain in high demand.

Nebius Group holds stake in hot AI startup ClickHouse

Nebius Group, a company that split from Yandex, has a 28% stake in AI startup ClickHouse. ClickHouse specializes in real-time data analytics and machine learning, serving major clients like Instacart. The company recently raised $350 million and is reportedly preparing for an initial public offering (IPO). This stake could significantly benefit Nebius Group.

AI security firm AITX gets RIO 180 order

Artificial Intelligence Technology Solutions (AITX) announced its subsidiary, Robotic Assistance Devices, received an order for two RIO 180 security units. These units will be used to improve security at a major consumer products company's headquarters. This order highlights RAD's growing presence in urban security solutions. The RIO 180 units use ROSA technology for autonomous monitoring.

Oppenheimer names Modine and Caterpillar top industrial picks due to AI data centers

Oppenheimer identifies Modine and Caterpillar as top industrial stock choices, driven by the increasing demand for AI data centers. While AI infrastructure is booming, the firm notes that residential construction and HVAC markets are still slow. Expanded tariffs could also impact companies like Caterpillar. Oppenheimer sees AI buildouts as a key trend for industrial companies.

Broadcom secures major AI hardware deal with OpenAI

Broadcom has signed a multi-year agreement to supply OpenAI with 10 gigawatts of AI accelerator racks through 2029. This deal, backed by Microsoft, aims to boost Broadcom's position in the AI hardware market. Broadcom will provide custom racks with networking technology to support OpenAI's advanced projects. Analysts have raised revenue estimates for Broadcom due to this significant partnership.

Fund managers see AI stocks as a bubble, BofA survey reveals

A Bank of America survey shows that 54% of global fund managers believe tech stocks, especially AI stocks, are in a bubble. This is a significant increase from the previous month. Despite these concerns, U.S. stocks have continued to rise, driven by AI hype. Fund managers have increased their exposure to U.S. stocks to the highest level in eight months. Other risks include inflation and geopolitical tensions.

Sources

• Did AI Tools and Authentication Initiatives Just Shift eBay's (EBAY) Investment Narrative?
• Why Alibaba (BABA) Is Down 10.9% After Completing Major Note Exchange and Boosting AI Investments
• Walmart goes after Amazon on AI shopping — plus, 3 bits of great Boeing news
• Morgan Stanley Reaffirms Nvidia as a Buy Amid Expanding AI Opportunities
• Nebius Group Owns 28% in 1 of the Hottest Artificial Intelligence Startups Working Toward an IPO @themotleyfool #stocks $NBIS
• Artificial Intelligence Technology Solutions Secures RIO 180 Order
• Modine, Caterpillar are top industrial picks with AI data-center buildout: Oppenheimer (CAT:NYSE)
• Broadcom Signs AI Hardware Deal With OpenAI Backed By Microsoft
• Most Fund Managers Believe AI Stocks Are in a Bubble, Says BofA Survey