Instacart initiated with a Hold at Deutsche Bank
Deutsche Bank initiated coverage of Instacart with a Hold rating and $37 price target. While Instacart deserves an "immense amount of credit" for building itself into a large and profitable grocery delivery platform, the company's fundamentals will be challenged over the next 12-24 months, the analyst tells investors in a research note. The firm believes Instacart's digital grocery share gains are likely to remain muted given affordability challenges. It also expects first-party competitors like Walmart (WMT) and Amazon (AMZN) as well as marketplace competitors like DoorDash (DASH) and Under (UBER) have more flexibility to address affordability challenges and thus drive greater share relative to Instacart.
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These Words From Alphabet's Sundar Pichai May Eliminate One of Nvidia's Biggest Risks
Nvidia (NVDA 0.28%) has taken its spot center-stage in the high-growth artificial intelligence (AI) market thanks to its innovations. The company is the maker of the world's fastest graphics processing units (GPUs) -- and these chips power some of the most crucial of AI tasks, such as the training and inferencing of models.
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Indonesia expects $1 bln investment commitment from Apple in a week, minister says
Indonesia is expecting to get a $1 billion investment commitment from tech firm Apple Inc in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet its local content rules.
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2 Sensational Stocks "Britain's Warren Buffett," Terry Smith, Wants to Own for 2025
In case you missed it, one of the most important data releases of the fourth quarter occurred less than three weeks ago -- and no, it has nothing to do with the October inflation report or Nvidia's earnings release.
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This Vanguard ETF Is Up 32% in 2024. Here's Why It's a Simple Way to Invest in Google Parent Alphabet, Meta Platforms, Netflix, and Disney.
The S&P 500 (^GSPC 0.24%) is up 26.8% through Dec. 2, and certain sectors are doing even better. The Communication Services sector, for instance, is up 34.2% so far in 2024.
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AWS outlines data centre upgrades to keep up with AI demand and save energy
Amazon Web Services (AWS) announced new data centre upgrades to handle the growing demands of artificial intelligence (AI) workloads while improving energy efficiency and sustainability. At its annual event, AWS detailed innovations in power, cooling, and hardware design.
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GROW with SAP on AWS to Simplify Cloud ERP Deployment
LAS VEGAS--(BUSINESS WIRE)--At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and SAP SE (NYSE: SAP) today announced GROW with SAP on AWS, which will allow customers of all sizes to rapidly deploy SAP's enterprise resource planning (ERP) solution while leveraging the reliability, security, and scalability of the world's most broadly adopted cloud. The collaboration will simplify and accelerate the adoption of SAP S/4HANA Cloud Public Edition and unlo.
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