The U.S.-China artificial intelligence race: Should they slow down?
Is faster necessarily better in the race for artificial intelligence dominance? CNBC's Chery Kang and Elaine Yu get the buzz from experts on the ground at the World Economic Forum in Tianjin, China, also known as "Summer Davos".
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
an hour ago
- CNBC
Analysts like these beaten-down stocks heading into the second half of 2025
Select technology and paper stocks could win big heading into the second half of the year. At least for now, it looks like the bull case for stocks will remain intact over the next few months. Stocks rose on Monday, with Wall Street shaking off any fears associated with the United States' bombing of Iran over the weekend and a subsequent retaliation from Iran . That same day, Fundstrat co-founder and head of research Tom Lee said that Monday's rally should actually strengthen the case for stocks to perform better in the latter half of 2025. "At the start of this year, we would have said the U.S. bombing a nuclear facility is a 'Black Swan.' Oil would be $120, stocks should be down 10%," he said on CNBC's " Squawk on the Street " Monday morning. "And then we have the event, and oil is not really surging. … So I'd almost say that you put another stress test into the market, we've seen it pass it, and I think it means stocks should do pretty well into year's end." In particular, analysts believe that some of this year's beaten-down stocks would win big in the second half. CNBC Pro used FactSet data to screen the S & P 500 for stocks that could climb as the third quarter begins. To be included in the following table, stocks had to meet the below criteria: Be down at least 5% for the year Have buy ratings from at least 60% of analysts covering the name Have an upside to average price target of at least 25% Have an expected earnings per share growth rate of at least 10% One name on the list was cloud stock Arista Networks , which has stumbled 17% this year, as of Monday's close. But 79% of analysts covering the name have assigned it a buy rating, and the average price target suggests 19% upside, according to FactSet. Views of the stock could be taking a turn. Shares jumped 6.6% on Monday. Earlier this month, Morgan Stanley reiterated its overweight rating on the stock. "There has been significant debate on ANET in the 1H of this year, with us tending to find bear case arguments overblown," wrote analyst Meta Marshall. "Not expecting to get meaningful resolution to arguments on AI webcast later this week, but do see attractive setup to the 2H and remain OW." Solar technology manufacturer First Solar has plunged 18% this year, but analysts believe it could rise 40% from here. Approximately 80% of Wall Street shops covering the name are bullish on its future prospects. Earlier in June, Jefferies upgraded the name to a buy rating from hold, calling it the "only game in town" after the Senate version of President Donald Trump's tax bill cut out incentives for the renewable energy industry. "We believe IRA is going to shape-out net positive for FSLR … or at least better than contemplated," analyst Julien Dumoulin-Smith wrote. Around 87% of analysts also see positive prospects for financial technology company Fiserv , which could rise 29% to its average price target, according to FactSet. The stock has tumbled 17% in 2025, as of Monday's close. Shares of Fiserv gained 4.4% on Monday after the company announced plans to broaden its operations in the stablecoin industry through the launch of both a stablecoin and a digital-asset platform. To help meet these objectives, Fiserv said it would partner with Circle and PayPal .
CNBC
2 hours ago
- CNBC
The No. 1 biggest communication mistake most people make, says public speaking expert who's coached billionaire CEOs
Most people make the same communication mistake at work, says author and public speaking consultant Bill McGowan: They lean too much into corporate jargon, using "bland, boring" words and phrases in an attempt to seem smart and memorable. Saying you want to "socialize an idea with your colleagues to strengthen cross-functional collaboration," instead of just saying you want to work together to solve a problem, confuses people and sounds really inauthentic, says McGowan, who's coached a variety of celebrities, CEOs and politicians including Mark Zuckerberg, Jeff Bezos and Kim Kardashian. "Typically, people who are jargony and speak in a very corporate way, because that's what they have learned through osmosis, aren't going to connect with [others]," says McGowan, author of the book "Speak, Memorably: The Art of Captivating an Audience."The same goes for when you're giving a speech or presentation: Big words and corporate phrases don't enhance what you're saying, McGowan says. They actually make it more difficult for your audience to follow along, he adds. "One of the biggest mistakes people make is when they go to create their content for a speech or a presentation, they [sit] down at a laptop first and write it out," he says. "Unless you work in TV or radio, stylistically, you're probably writing for the eye. You're not writing for the ear. And there's a big difference between the two." Writing for the eye tends to include "longer, flowier, prosier" phrases and parenthetical clauses, says McGowan. "And it's not really how we talk. It's not how we talk across the dinner table." In your day-to-day speech at work, focus on using active voice instead of passive voice, communications experts Kathy and Ross Petras wrote for CNBC Make It on April 2: "Instead of saying: 'Sales have continued to maintain their upward trajectory in the current quarter,' say, 'Sales increased this quarter.'" If you ever feel the need to fill a conversational lull by contributing a thought, think twice: Tactful silence can sometimes make other people think you're smarter, according to 2019 research conducted by Erik Schleef, an English linguistics professor at the University of Salzburg. Just choose your moments of silence wisely, the Petrases wrote: Telling a joke during an important meeting can make you look silly or unserious, but having no questions or thoughts to add during a team brainstorm can make you appear uninterested. And for your next presentation, instead of spending hours writing specific talking points, prepare a more bare-bones outline, McGowan recommends. "It can be as minimal or as extensive as you like," he says. Then, record yourself giving a speech on the fly, using only your outline for guidance. "Don't worry if it's full of starts and stops and mistakes. What you're going for is recording the natural way you would say it." Afterward, transcribe your recording. Clean up your mistakes, but keep the style and tone. This helps you sound more casual and conversational, reflecting how you instinctively express yourself, says McGowan.
CNBC
3 hours ago
- CNBC
The bull case for small caps and chipmakers set to benefit from more defense spending
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in gold as well as chip stocks to play the expected increase in global defense spending. Worldwide Exchange pick: Barrick Mining Gina Sanchez of Chantico Global sees Barrick Mining having more upside despite a recent pull back in gold prices. She added that it has an attractive valuation, trading at approximately 10.5 times forward earnings. "The demand for gold will likely continue [and] a proxy for that in the equity space is a miner like Barrick Mining," said Sanchez. "It is very well priced, while the rest of the S & P 500 is not. If you think about where we are with tariffs, margins are not exactly back to normal. … Any hit to commodity prices is going to be tough to pass through, you are going to have equities get hit and valuations come under pressure. So I think a cheaper part of the market is going to become more attractive later in the year." Barrack Mining has a dividend of nearly 2% The bull technical case for small caps Craig Johnson of Piper Sandler sees a potential 16% upside for small caps based on the technical moves in the Russell 2000 . "It has made what I would define as a pretty impressive inverted 'head and shoulders' bottom," said Johnson. The Russell 2000 is trading above its 100-day moving average and just below its 200-day moving average. Semiconductors and defense Jordan Klein of Mizuho said typically the defense sector is not a significant source of revenue, but there are a number of names that could benefit from increased spending in Europe and the potential for more spending in the U.S. "One in the analog space is Analog Devices that gets decent revenue from defense," said Klein. "Another name that is diversified is Macom , their defense business is growing very rapidly." Klein said his top picks in the semiconductor space are what he calls "The Three Horsemen:" Taiwan Semiconductor , Broadcom and Nvidia .
