Technology

Adobe Launching New AI Products to Create Videos, Images

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Adobe (ADBE) said Wednesday that it has launched its new Firefly app, which allows clients to generate videos and images using artificial intelligence technology. The company said it has introduced two offerings: the Firefly Standard plan, which starts at $9.99 and provides users with 2,000 video/audio credits per month and up to 20 five-second 1080p video generations, and the Firefly Pro plan, which begins at $29.99 and provides users with 7,000 video/audio credits per month, up to 70 five-second 1080p video generations. The company said a new Firefly Premium plan will be available soon for high-volume clients.

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Three Reasons Nvidia’s Stock Is Still Compelling, and Why It Could Rise 30% in the Next Year

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A screen of the S&P 500 still has Nvidia standing out, despite this year’s DeepSeek disruption for the stock. A year ago, a screen of the S&P 500 placed Nvidia Corp. at the top of the list of companies that were expected to show the most rapid increases in revenue from 2023 through 2025. Now it is time to run the screen again, using estimates through 2026. We ran that screen on Feb. 15 last year, using data as of the market close the previous day. Nvidia’s (NVDA) stock has returned 80% from Feb. 14, 2024, through Tuesday, while the S&P 500 SPX has returned 23%. All investment returns in this article included reinvested dividends. Nvidia’s stock has declined 1.1% this year, while the S&P 500 has returned 3.3%, through Tuesday. So one might conclude that the disruption on Jan. 27, when Nvidia’s stock sank 17.5% on the news that

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Micron Stock Falls as News on Outlook Disappoints

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Micron Technology stock tumbled on Wednesday after the company’s chief financial officer said there would be “no change or update” to the company’ second-quarter outlook and signaled a deterioration in margins for the third quarter. Speaking at the Wolfe Research Auto, Auto Tech and Semiconductor Conference, CFO Mark Murphy said there would be no adjustments to the guidance issued on Dec. 18. For the second quarter, Micron forecast adjusted earnings in the range of $1.33 to $1.53 a share. The latest consensus call among analysts surveyed by FactSet is for $1.44 a share. Management now expects third-quarter gross margins to be lower “by a few hundred basis points sequentially,” Murphy added, citing changes in both Micron’s mix of customers and industry conditions. The company told investors to expect second-quarter gross margins between 37.5% and 39.5%. Shares of the computer memory manufacturer were down 3.3% to $90.87, on pace for the

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Micron expects margins to decline in the next quarter, and its stock price fell sharply after the open

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Micron CFO mentions various factors that could weigh on margins for next quarter but also says that period should mark the low point Micron Technology Inc. sees a few factors that could weigh on margins next quarter, and that’s pressuring the stock on Wednesday. The maker of memory chips already forecast a 38.5% gross margin at the midpoint for its February quarter, which would be down from the 39.5% level seen in the last quarter. But speaking at a Wolfe Research conference on Wednesday, Chief Financial Officer Mark Murphy said while that outlook is still intact, the company now expects “a few hundred basis points” of sequential margin decline in the May quarter. Micron’s stock (MU) is off 2.6% in Wednesday morning action, having pared losses after being down as much as 7.1% earlier in the session. It’s currently the worst performer in the PHLX Semiconductor Index SOX on the

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Nvidia Stock Gains. Why Stargate and Meta Are in Focus for Investors.

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Nvidia stock was edging up early Wednesday. The future of the Stargate Project infrastructure plan and the potential expansion of Meta Platforms’ in-house chip efforts are in focus for investors. Nvidia shares were rising 0.2% to $133.05 in premarket trading. The stock fell 0.6% on Tuesday. In the build up to the chip maker’s earnings report on Feb 26., the focus is on big spending commitments for AI infrastructure. Japan’s SoftBank Group said Wednesday that the Stargate Project — which aims to spend as much as $500 billion on AI infrastructure in the U.S. — won’t rely on SoftBank’s equity for funding after it booked a $2.42 billion loss for the last quarter of 2024. That could relieve concerns over the Japanese group’s volatile earnings posing an obstacle to Stargate. Nvidia is a technology partner for the project, which aims to build new AI data centers in the U.S. SoftBank

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Apple Collaborates With Alibaba for AI Features on IPhones in China

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Apple teamed up with Alibaba (HKG:9988) to bring artificial intelligence features to iPhone users in China, South China Morning Post reported Tuesday, citing sources familiar with the deal. The US tech firm is eyeing to use Alibaba’s Qwen AI model and its “cutting edge” capabilities to make up for the absence of Apple Intelligence in iPhones in China, the report said. South China Morning Post is owned by Alibaba.

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Dan Ives Says Palantir Could Be Next Oracle Or Salesforce As AI Boom Drives Massive Software Spending, Highlights 8-10x Multiplier Effect

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Wedbush Securities analyst Dan Ives predicts Palantir Technologies Inc. (NYSE:PLTR) could emerge as a dominant force in the artificial intelligence software landscape, comparing it to industry giants Oracle Corp. (NYSE:ORCL) and Salesforce Inc. (NYSE:CRM). What Happened: In a CNBC interview on Tuesday, Ives highlighted the multiplier effect of AI infrastructure spending, noting that “for every dollar spent on Nvidia chip, there’s an 8 to $10 multiplier across tech, across the ecosystem software.” He emphasized that this trend is particularly evident in companies like Palantir and Salesforce. The analyst’s bullish stance on Palantir comes amid the company’s remarkable stock performance, with shares up nearly 350% over the past year. The AI software firm recently reported strong fourth-quarter results, with revenue reaching $827.52 million, exceeding analyst expectations of $775.91 million. Ives pointed to Jevons Paradox – an economic theory suggesting increased efficiency leads to higher demand – as a key driver of AI software adoption. “This is the software age that’s

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Apple Ramping Up Hiring For Home Robotics Team, Says Top Analyst: What’s Brewing?

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Apple Inc. (NASDAQ:AAPL) is reportedly ramping up its recruitment efforts for its home robotics division. What Happened: In his latest weekly “Power On” newsletter, Bloomberg columnist Mark Gurman said that the company has posted several job listings for robotics specialists over the past few weeks. “As a member of the team, you’ll have the opportunity to work with a small team of highly skilled engineers and scientists to bring new experiences to Apple products,” the tech giant stated. Apple’s robotics development is handled by two teams: the Home Labs hardware engineering group and Kevin Lynch’s AI special projects team. They are focused on a tabletop robot and, in the future, possibly a humanoid model, Gurman said. The company is still in the early stages of researching mobile robots, both humanoid and non-humanoid. However, the tabletop robot is expected to debut by 2027. Why It Matters: Last month, Apple also published a research paper detailing a tabletop robot

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ASML Posts Lower FY24 Net Income; Net Sales Up

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ASML Holding (ASML.AS) said Wednesday that net income dropped, while net sales for full-year 2024 rose year over year. Net income for the 12 months ended Dec. 31, 2024, was 7.57 billion euros, compared with 7.84 billion euros earlier. EPS moved to 19.24 euros from 19.89 euros. The Dutch semiconductor equipment developer’s net sales were 28.26 billion euros, compared with 27.56 billion euros a year ago. Analysts polled by FactSet were expecting 28.06 billion euros in sales, 7.48 billion euros in net income, and 19.1 euros in EPS. Meanwhile, the board proposed a third interim dividend of 1.52 euros and a final dividend of 1.84 euros per share. The third interim dividend is payable on Feb. 19. This will take the full-year dividend to 6.40 euros per share, up from 6.10 euros in the previous year.

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ASML Results Will Provide Significant Relief to Market

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ASML Holding reported a strong set of earnings and orders for the fourth quarter that should inject some relief into the market after the DeepSeek fallout earlier in the week, Citi analysts write in a note to clients. The Dutch semiconductor-equipment maker ended the year with a strong fourth-quarter order intake of 7.09 billion euros, the analysts say, noting the figure is well ahead of even the most bullish expectations. Analysts had forecast 3.99 billion euros in orders, according to consensus estimates by Visible Alpha.

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ASML’s 1Q Guidance Is Better Than Expected

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ASML Holding’s sales and gross margin forecasts for the current quarter are stronger than expected, Citi analysts write in a note to investors. The Dutch semiconductor-equipment maker expects sales between 7.5 billion euros and 8 billion euros in the first quarter, with a gross margin between 52% and 53%. Analysts note that the mid-point of sales guidance at 7.75 billion euros is above consensus of 7.11 billion euros. The margin mid-point is also about 140 basis points above consensus of 51.1%, they say.

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DeepSeek AI Competition Is Good for Market, ASML CEO Says

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Competition from Chinese artificial-intelligence company DeepSeek is positive for the industry, ASML Holding CEO Christophe Fouquet says in an earnings call. DeepSeek developed AI models that it said nearly matched U.S. rivals despite using inferior chips. Fouquet says any technology that can bring down AI costs is good news since it could create opportunities for the semiconductor industry. Lowering AI costs could usher in more volume in terms of chip sales and, ultimately, better demand for ASML’s semiconductor-making machinery. ASML shares trade 8.9% higher at 703.90 euros.

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