Technology

Apple to See Greater E-Commerce Connectivity as New Stripe Payment Option, Macquarie Says

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Apple (AAPL) Pay Later is now included on Stripe as a default option for merchants, positioning the company for greater connectivity in e-commerce and with small and medium businesses, Macquarie said in a Thursday note. The investment firm said the integration is a “further validation” of buy now, pay later, or BNPL, as a payment option given Apple’s increasing share of this segment. As for Stripe, Macquarie said the addition of Apple Pay Later represents transaction volume potential.

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AMD’s MI300 Chip Gains Momentum, Analyst Predicts Strong Growth and Server Market Success

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Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Advanced Micro Devices, Inc (NASDAQ:AMD) with a price target of $195. The analyst provided his updated thoughts on AMD, specifically, prospects for the MI300 ramp through the year and commentary around the server business. Kumar maintained that the MI300’s price-to-performance ratio is really strong and is gaining traction, specifically around inference applications. Latency relating to memory performance is paramount for these applications, and Kumar deemed the MI300 is configured to address these issues. Kumar expressed confidence in management’s ability to execute its goals for MI300 targets for this year and 2025. Kumar currently modeled for $4 billion in MI300 revenues for 2024 and $7.6 billion for the 2025 fiscal year. The analyst noted that server CPU inventories have improved significantly after the downturn and subsequent correction in 2023. He said that the segment will grow year-over-year in 2024 despite moves to accelerated

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CFRA Maintains Hold Opinion On Shares Of Arm Holdings Plc

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target to $140 from $90, on a peer-premium P/E of 72.7x our CY 25 EPS estimate, warranted given our view of growth prospects. We up our above-consensus FY 25 (Mar.) EPS estimate to $1.76 from $1.60 and FY 26’s to $2.00 from $1.87. Ahead of Mar-Q results expected on May 8, we expect ARM to exceed expectations for both EPS ($0.30) and revenue ($869M), as the company has tailwinds tied to both its mobility and data center end markets, supporting licensing/royalty upside. On the mobility front, we think adoption for ARM’s v9-based architecture has a long runway, which has 2x the royalty rate of its predecessor (only 15% of royalty revenue). With regards to data centers, ARM continues to hold a small share

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Apple Says EU Commission’s Decision Does Not Address Co’s Ability To Charge Commission For All The Tools, Technologies And Ongoing Services Apple Provides

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Apple Says EU Commission’s Decision Does Not Address Co’s Ability To Charge Commission For All The Tools, Technologies And Ongoing Services Apple Provides.

Apple Says EU Commission’s Decision Does Not Address Co’s Ability To Charge Commission For All The Tools, Technologies And Ongoing Services Apple Provides Read Post »

Apple Unveiling AI Strategy At WWDC 2024 Will Be A ‘Watershed Moment,’ Says Wedbush’s Dan Ives: Stock Could Go ‘Massively Higher’ To $250

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Apple Inc. (NASDAQ:AAPL) is expected to reveal its artificial intelligence strategy at the Worldwide Developers Conference or WWDC, a move that could significantly boost the company’s stock, according to a prominent analyst Dan Ives. What Happened: On Friday, Ives, an analyst at Wedbush, appeared on Schwab Network and shared his insights on Apple’s future predicting that the unveiling of Apple’s AI strategy at the WWDC 2024 could be a pivotal moment for the tech giant. “Well, I think that’s where [Tim] Cook is gonna unveil the AI strategy… the start of the AI app store, and this is gonna be so important as AI now comes to the Apple ecosystem. And I think this is gonna be a watershed moment for Apple,” Ives said. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Despite recent soft numbers, Ives remains optimistic about Apple’s future, stating, “I don’t view it quarter

Apple Unveiling AI Strategy At WWDC 2024 Will Be A ‘Watershed Moment,’ Says Wedbush’s Dan Ives: Stock Could Go ‘Massively Higher’ To $250 Read Post »

Google Mulls Charging Fees for Generative AI Features

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Alphabet’s (GOOG) Google is planning to add fees for use of new features powered by generative artificial intelligence, the Financial Times reported Thursday, citing people familiar with the matter. Google is studying options such as adding AI-powered search features to its existing premium subscription services, the report said. The company’s engineers are currently working on the technology needed for the service, but executives have yet to greenlight its launch, the FT reported.

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Microsoft ‘Being Proactive’ When It Unbundled Teams From Office Globally, Macquarie Says

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Microsoft (MSFT) was “being proactive” when it unbundled Teams from Office globally, Macquarie said in a note Monday, citing a Reuters report on the company’s decision. The company did the same in Europe in 2023 to avoid the scrutiny of antitrust investigators after Slack owner Salesforce (CRM) accused Microsoft of abusing its market power in the operating system space to drive out competitors like Slack in the messaging field. Macquarie said that considering history, it wouldn’t be surprising if the company’s moves on Monday don’t sway the regulators examining Microsoft. “Microsoft’s rationale for the new rollout makes sense,” the firm said, “though we note it is unlikely to deter competitors’ complaints altogether, particularly around the competitiveness of fees and the ongoing ability of Teams-competitive products to natively integrate with the rest of the Office application portfolio.” The firm said that Microsoft’s announcement showed that it is willing to compromise where

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Intel Expects To Accelerate On Its Path Toward Achieving Ambition Of 60% Non-GAAP Gross Margins And 40% Non-GAAP Operating Margins In 2030

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Dave Zinsner, Intel chief financial officer, said, “This model is designed to unlock significant cost savings, operational efficiencies and asset value. As it begins to take hold, we expect to accelerate on our path toward achieving our ambition of 60% non-GAAP gross margins and 40% non-GAAP operating margins in 2030. Ultimately, improved cost competitiveness will help us deliver process technology, product and foundry leadership while driving significant financial upside for Intel and our owners.”

Intel Expects To Accelerate On Its Path Toward Achieving Ambition Of 60% Non-GAAP Gross Margins And 40% Non-GAAP Operating Margins In 2030 Read Post »

Intel Foundry Losses Expected to Peak This Year After Hitting $7 Billion in 2023

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By Emily Bary Intel breaks out its product and foundry financials, showing investors their different margin profiles Intel Corp.’s foundry business posted a $7 billion operating loss last year, and the chip company expects losses for that part of its business to peak this year. That’s according to new disclosures made by Intel (INTC) as part of a resegmentation of its business. The company is breaking out the performance of its product and foundry businesses in a bid to help investors better understand the value of each one. Intel’s foundry operating loss steepened in 2023 compared with the $5.2 billion loss that the company posted on the metric in 2022. The company attributed the difference in large part to lower internal revenue for the unit, which in turn weighed on profit potential. The foundry business generated $18.9 billion in revenue in 2023, compared with $27.5 billion in 2022. Shares of

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