Technology

How AI Could Change the Game for American Workers According to Top CEOs?

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The recent survey by PwC revealed at the World Economic Forum in Davos, Switzerland, indicates a significant impact of generative AI on global employment and business strategies. According to the survey, 25% of global CEOs anticipate at least a 5% reduction in workforce due to AI deployment, particularly in the media, entertainment, banking, insurance, and logistics sectors. Conversely, engineering, construction, and technology sectors expect minimal job cuts from automation, the Financial Times reports. Generative AI, capable of rapidly producing human-like text, images, and code, is predicted to enhance profitability for 46% of businesses within a year, the report said. However, nearly half of the respondents foresee minimal impact from this technology. The survey, which involved 4,702 company chiefs from 105 countries, underscores AI’s significant economic and societal influence. Key figures in AI, such as OpenAI’s Sam Altman and Microsoft Corp’s (NASDAQ:MSFT) Satya Nadella, are expected to discuss these topics at the forum. While AI promises increased […]

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 25.43% Barclays $120 → $200 Maintains Overweight 01/16/2024 22.3% Keybanc $170 → $195 Maintains Overweight 01/08/2024 17.91% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 1.6% Mizuho $130 → $162 Maintains Buy 01/04/2024 6.62% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -1.54% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 3.48% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 25.43% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -9.06% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -12.2% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -21.61% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -15.33% UBS $145 → $135 Maintains Buy 11/01/2023 -38.54% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -18.47% Mizuho $140 → $130 Maintains Buy 11/01/2023 -24.74% Barclays

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Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings

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Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -1.81% Barclays $180 → $185 Maintains Equal-Weight 12/22/2023 — Edward Jones Upgrades Hold → Buy 11/22/2023 14.12% Oppenheimer → $215 Reiterates Outperform → Outperform 11/22/2023 -7.11% Piper Sandler $190 → $175 Maintains Neutral 11/22/2023 11.46% Susquehanna $215 → $210 Maintains Positive 11/22/2023 11.46% UBS $200 → $210 Maintains Buy 11/22/2023 9.34% Truist Securities $213 → $206 Maintains Buy 11/22/2023 16.24% Morgan Stanley $225 → $219 Maintains Overweight 11/17/2023 19.42% Morgan Stanley $176 → $225 Upgrades Equal-Weight → Overweight 11/13/2023 6.15% UBS $210 → $200 Maintains Buy 10/11/2023 -6.58% Morgan Stanley $185 → $176 Maintains Equal-Weight 09/18/2023 14.12% Susquehanna → $215 Reiterates Positive → Positive 08/24/2023 14.12% Susquehanna $225 → $215 Maintains Positive 08/24/2023 -7.11% Wells Fargo $185 → $175 Maintains Equal-Weight 08/24/2023 11.46% Baird $235 → $210 Maintains Outperform

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Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings

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Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -8.5% Barclays $120 → $140 Maintains Underweight 12/12/2023 20.92% TD Cowen $165 → $185 Maintains Outperform 11/22/2023 14.38% Redburn Atlantic → $175 Upgrades Neutral → Buy 11/17/2023 9.15% Mizuho $162 → $167 Maintains Buy 11/17/2023 11.11% JP Morgan $165 → $170 Maintains Overweight 11/17/2023 -7.19% Morgan Stanley $139 → $142 Maintains Equal-Weight 11/17/2023 17.65% Needham → $180 Reiterates Buy → Buy 10/13/2023 17.65% Needham → $180 Upgrades Hold → Buy 10/05/2023 -1.96% UBS $130 → $150 Maintains Neutral 09/15/2023 3.27% Mizuho → $158 Reiterates Buy → Buy 09/15/2023 20.92% Wolfe Research → $185 Initiates Coverage On → Outperform 08/21/2023 14.38% Berenberg $150 → $175 Maintains Buy 08/21/2023 -16.34% Susquehanna $112 → $128 Maintains Neutral 08/21/2023 1.31% Goldman Sachs $135 → $155 Maintains Buy 08/18/2023 4.58% Craig-Hallum $139 →

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IBM Likely to Report In-Line Q4 Earnings, 2024 Guidance, Morgan Stanley Says; Price Target Raised

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IBM (IBM) is expected to overcome Wall Street pessimism by reporting in-line Q4 results and issuing in-line to “better than feared” 2024 guidance next week, Morgan Stanley said in a note Tuesday. Morgan Stanley said it expects IBM to project a 3% to 5% year-over-year increase in its 2024 revenue and around $11 billion in free cash flow for 2024, in-line to higher than consensus and buyside expectations. The analysts said while investors and other analysts have largely priced those 2024 forecasts into IBM’s share price, the company’s “resilient” fundamentals coupled with an accelerating order book for artificial intelligence applications support the company’s post-earnings momentum. IBM is scheduled to report its Q4 results and issue its 2024 expectations on Jan. 24. Morgan Stanley raised its price target on IBM by $3 to $152 while keeping its equalweight stock rating,

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Intel (NASDAQ:INTC) Stock Analyst Ratings

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Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -5.83% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 41.25% Tigress Financial $46 → $66 Maintains Buy 01/02/2024 -3.69% Stifel $38 → $45 Maintains Hold 12/15/2023 7.01% B of A Securities $32 → $50 Upgrades Underperform → Neutral 12/12/2023 2.73% Raymond James $42 → $48 Maintains Outperform 12/05/2023 11.29% Benchmark $42 → $52 Maintains Buy 11/16/2023 7.01% Mizuho $37 → $50 Upgrades Neutral → Buy 10/27/2023 -16.53% Morgan Stanley $35 → $39 Maintains Equal-Weight 10/27/2023 -63.62% Rosenblatt → $17 Reiterates Sell → Sell 10/27/2023 -14.39% Needham → $40 Reiterates Buy → Buy 10/27/2023 -29.37% HSBC $27 → $33 Upgrades Reduce → Hold 10/25/2023 -14.39% Raymond James $42 → $40 Maintains Outperform 10/19/2023 -18.67% Susquehanna $37 → $38 Maintains Neutral 10/05/2023 -14.39% Needham → $40 Reiterates Buy → Buy 10/04/2023 19.85% Northland Capital

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KLA (NASDAQ:KLAC) Stock Analyst Ratings

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KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -11.33% Barclays $425 → $500 Maintains Underweight 12/18/2023 29.46% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -2.46% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -11.33% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -14.88% UBS $475 → $480 Maintains Neutral 09/15/2023 6.4% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -4.24% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -0.69% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -5.12% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -5.12% Stifel $450 → $535 Maintains Buy 07/28/2023 1.97% Wells Fargo $500 → $575 Maintains Overweight 07/28/2023 -0.69% JP Morgan $445 → $560 Maintains Overweight 07/28/2023 -24.63% Barclays $400 → $425 Maintains Underweight 07/07/2023 — Keybanc Downgrades Overweight → Sector Weight 06/14/2023 — Needham Downgrades

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