Latest news with #AngeloZino
Bloomberg
21-07-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: July 21st, 2025
- Chris Harvey, Head: Equity Strategy at Wells Fargo - Angelo Zino, Head: Technology at CFRA - Charles Myers, Chairman and founder at Signum Global Advisors - Claudia Sahm, Chief Economist at New Century Advisors Chris Harvey, Head: Equity Strategy at Wells Fargo, talks about market bullishness and whether his S&P target could change should the president fire Fed Chair Jay Powell. Angelo Zino, Head: Technology at CFRA, joins to discuss Big Tech's AI investment and talent poaching as well as the outlook for the broader tech sector. Charles Myers, Chairman and founder at Signum Global Advisors, discusses Fed independence and how a less independent Fed could reshape markets. Claudia Sahm, Chief Economist at New Century Advisors, on US labor and inflation as well as Jay Powell's future as Fed Chair.
CNBC
21-07-2025
- Business
- CNBC
Forget tariffs. It's all about earnings this week on Wall Street
Commerce Secretary Howard Lutnick said Aug. 1 is the " hard deadline " for countries to reach a trade deal with the United States. The market, however, didn't care. Stocks instead looked to start the week on a high note as investors turned their focus to a slew of major corporate reports due out this week. More than 100 S & P 500 companies are slated to post results, including Tesla and Google-parent Alphabet. Wall Street has a lot riding on some of these reports, as most of second-quarter earnings growth is expected to come from megacap tech. (For more on what to expect from some of the biggest reports this week, check out my latest Earnings Playbook .) .SPX YTD mountain S & P 500 year to date "Our view is you are going to need a notable 'beat and raise' across the board here for the most part, outside of an Alphabet where the expectations, valuations are a little bit more reasonable in nature," CFRA analyst Angelo Zino told CNBC's Frank Holland on "Worldwide Exchange" Monday morning. Alphabet, which reports Wednesday after the bell, trades at around 19 times forward earnings. Big Tech rivals Meta Platforms and Apple sport respective multiples of 27 and 29. One thing that can provide some comfort to Wall Street for now is that the reporting period is off to a strong start. FactSet data shows that of the 62 S & P 500 companies that have already posted results, 85% have exceeded expectations. However, RBC isn't fully sold just yet. "Overall, we exited week 1 of 2Q25 reporting season feeling like everything is fine, but not fabulous, and wondering if investors generally got what they expected but were hoping for a bit more," Lori Calvasina, the bank's head of U.S. equity strategy, wrote in a note Monday. She noted that companies reporting in the weeks ahead could signal trade-related pressure will hurt their bottom lines. This is despite investors looking beyond the recent tariff headlines. Morgan Stanley's chief investment officer Michael Wilson holds a more positive view, however. "Earnings momentum, positive operating leverage and cash tax savings are underappreciated tailwinds, in our view. We lean more toward our bull case (7200) by the middle of next year. While there should be some consolidation during 3Q, we think dips are meant to be bought," he said. Wilson's bull-case target signals 14% upside from Friday's close.
Canada News.Net
12-07-2025
- Business
- Canada News.Net
Nvidia becomes first public company to cross $4 trillion mark
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly became the first publicly traded company to surpass a US$4 trillion market valuation — a milestone that underscores the seismic shift AI is bringing to the tech industry. Although the stock dipped below that mark by market close, Nvidia's ascent reflects how investor enthusiasm for AI is reshaping the technology landscape. The milestone also signals a change in the guard: Nvidia's market cap now stands $900 billion above Apple's, the company that once redefined personal technology with the iPhone. Apple was the first firm to hit the $1 trillion, $2 trillion, and $3 trillion marks, but has recently struggled to match the AI-driven momentum propelling Nvidia forward. Apple has promised AI enhancements to its products, including its often-criticized virtual assistant Siri, but delivery is lagging. The company recently acknowledged that meaningful AI upgrades won't arrive until at least next year, prompting speculation among analysts that it may need to acquire a dedicated AI start-up to stay competitive. Meanwhile, Nvidia is racing to meet sky-high demand for its high-performance chips, which power the energy-hungry data centers driving today's AI applications. The company's influence is growing so fast that its founder and CEO, Jensen Huang, has earned the moniker "the godfather of AI." His keynote speeches now draw rapt audiences, and his personal fortune has swelled to an estimated $142 billion. Adding to the AI momentum, tech giants including Microsoft, Amazon, Google's parent Alphabet, and Meta Platforms are collectively pouring about $325 billion into AI investments this year — a large portion of which is expected to benefit Nvidia. Nvidia's meteoric stock rise — up tenfold since early 2023 — has propelled its market value from roughly $400 billion to briefly over $4 trillion. After reaching a high point early Wednesday, shares closed at $162.88. However, analysts remain bullish: CFRA's Angelo Zino predicts the stock could hit $196 within a year, pushing Nvidia's valuation toward $4.8 trillion. The company faced turbulence in April when President Donald Trump's announcement of sweeping tariffs sparked a tech-sector selloff that sent Nvidia's stock tumbling below $87. But it rebounded quickly, posting a blockbuster quarter in late May with $18.8 billion in profit, even after absorbing a $4.5 billion hit from U.S. export restrictions on chip sales to China. Nvidia is slated to report its subsequent quarterly earnings on August 27. Investors and industry observers alike will be watching closely as the company continues to define the cutting edge of the AI era.
Malaysia Sun
12-07-2025
- Business
- Malaysia Sun
AI boom propels Nvidia to historic market cap milestone
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly became the first publicly traded company to surpass a US$4 trillion market valuation — a milestone that underscores the seismic shift AI is bringing to the tech industry. Although the stock dipped below that mark by market close, Nvidia's ascent reflects how investor enthusiasm for AI is reshaping the technology landscape. The milestone also signals a change in the guard: Nvidia's market cap now stands $900 billion above Apple's, the company that once redefined personal technology with the iPhone. Apple was the first firm to hit the $1 trillion, $2 trillion, and $3 trillion marks, but has recently struggled to match the AI-driven momentum propelling Nvidia forward. Apple has promised AI enhancements to its products, including its often-criticized virtual assistant Siri, but delivery is lagging. The company recently acknowledged that meaningful AI upgrades won't arrive until at least next year, prompting speculation among analysts that it may need to acquire a dedicated AI start-up to stay competitive. Meanwhile, Nvidia is racing to meet sky-high demand for its high-performance chips, which power the energy-hungry data centers driving today's AI applications. The company's influence is growing so fast that its founder and CEO, Jensen Huang, has earned the moniker "the godfather of AI." His keynote speeches now draw rapt audiences, and his personal fortune has swelled to an estimated $142 billion. Adding to the AI momentum, tech giants including Microsoft, Amazon, Google's parent Alphabet, and Meta Platforms are collectively pouring about $325 billion into AI investments this year — a large portion of which is expected to benefit Nvidia. Nvidia's meteoric stock rise — up tenfold since early 2023 — has propelled its market value from roughly $400 billion to briefly over $4 trillion. After reaching a high point early Wednesday, shares closed at $162.88. However, analysts remain bullish: CFRA's Angelo Zino predicts the stock could hit $196 within a year, pushing Nvidia's valuation toward $4.8 trillion. The company faced turbulence in April when President Donald Trump's announcement of sweeping tariffs sparked a tech-sector selloff that sent Nvidia's stock tumbling below $87. But it rebounded quickly, posting a blockbuster quarter in late May with $18.8 billion in profit, even after absorbing a $4.5 billion hit from U.S. export restrictions on chip sales to China. Nvidia is slated to report its subsequent quarterly earnings on August 27. Investors and industry observers alike will be watching closely as the company continues to define the cutting edge of the AI era.
The Hindu
16-06-2025
- Business
- The Hindu
Adobe shares slide as investors skeptical of quicker AI-adoption returns
Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast. "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research. The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro. The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool. The tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges. "While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a note. Adobe now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 billion. At least five brokerages cut their price target on the Adobe stock following the second-quarter results. Including session's losses, the stock has fallen around 13% so far this year. The company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16.
