Do you have faith in Adobe and Ciena and AI? Adobe’s stock sold off hard Thursday as it is not yet producing the kind of payoff from artificial intelligence people hoped to see, while Ciena’s stock surged as it talked up the future payoff to fiber-optics of AI. Both stories
@tiernanraytech
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Credo Technologies Stock Surges on Growth Inflection Point
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Wall Street’s Best Ideas: Giving credence to Credo One bear on the stock of Credo Technologies has been swayed by the forty-eight percent jump in shares Tuesday, predicting many quarters ahead of good growth. CEO Bill Brennan says the company’s “hit an inflection point” thanks
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Intel Stock Plummets After Gelsinger’s Ouster Announcement
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Intel's stock is down almost fifty percent since Gelsinger’s appointment was announced in January of 2021. Wall Street’s Best Ideas: Farewell Mr Chips, and woe be to Intel Gelsinger’s alleged ouster by the Intel board calls into question the manufacturing revival he’s been
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Dell’s AI Challenge: Market Competition Intensifies Despite Strong Results
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Dell drops despite a decent report: Where does the AI battle go? Despite a thirteen percent sell-off, Dell’s report Tuesday evening was actually pretty good. The larger question is what happens as the AI market becomes more competitive? https://
thetechnologyletter.com/the-posts/dell
-drops-despite-a-decent-report-where-does-the-ai-battle-go
… $DELL $HPQ $NVDA -
Nvidia CEO confirms Blackwell chip progress amid AI boom
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Nvidia CEO: ‘Blackwell is in great shape’ Wednesday night at the Russian baths near Wall Street, they were talking about what an amazing stock Nvidia is, and how ChatGPT can help you have an AI “assistant.” Signs of the times. The rumors of Blackwell have been quashed for the
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Gary Marcus advocates for dedicated AI regulatory agency
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Well worth the read… AI scholar Gary Marcus makes a strong case for an AI agency "We already are facing many negative consequences of generative AI, ranging from misinformation to covert racism to nonconsensual deep fake porn to harm to the environments,” argues Marcus. “These
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Nvidia Blackwell Delays: Wall Street Reassesses Valuations
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Wall Street’s Best Ideas: Frantic tea leaves of Nvidia Monday saw a scrimmage to figure out what to make of The Information’s report of yet more delays in Nvidia’s Blackwell chips. Sure, estimates could be a bit high at this point, as is the valuation. But the longer trend for
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CyberArk leads small-cap earnings week with strong results
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CyberArk leads a vibrant week for small-caps Cyber-security vendor CyberArk is one of several small-cap companies having a terrific week of earnings results, while Cisco Systems remains a rather dull story despite its AI appeal. https://
thetechnologyletter.com/the-posts/rivi
an-and-other-tesla-challengers-still-look-terrible-4j22l
… $CYBR $S $PAY $RKLB $DLO -
AMSC CEO on Building Next Generation Electric Grid
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Please enjoy my interview with AMSC’s chief executive, Dan McGahn. AMSC CEO: Building the electric grid for the next generation Founded amidst the 1980s craze for superconductors, AMSC imploded when the market for renewable energy ran aground. CEO Dan McGahn has spent more than
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Gold Outperforms Tech Stocks: Quarter Century Comparison Analysis
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Wall Street’s Best Ideas: Gold has beaten stocks for almost a quarter century Entering this century with sky-high DotCom stocks made equities a poor investment relative to gold. Despite that, the trend for tech is up, up and away. https://
thetechnologyletter.com/the-posts/wall
-streets-best-ideas-gold-has-beaten-stocks-for-almost-a-quarter-century
… $NVDA $AMD $MRVL $AVGO