Stock Guy777
1 month ago
Bridgewater adds to Amazon, Microsoft, exits Intel, Devon, others in Q2
Bridgewater Associates, founded by billionaire Ray Dalio nearly 50 years ago, offloaded its equity positions in Intel (NASDAQ:INTC), Marathon Oil (NYSE:MRO), Devon Energy (NYSE:DVN) and Range Resources (NYSE:RRC), according to its latest 13F filing dated Wednesday.
The firm, which Dalio ceded control in late 2022, took new stakes in Constellation Energy (NASDAQ:CEG), with 194K shares, Chevron (NYSE:CVX), with 153K shares, and Uranium Energy (NYSE:UEC), with 4.04M shares.
It boosted its holdings in Amazon (NASDAQ:AMZN), to 2.65M shares from 1.05M shares, Exxon Mobil (NYSE:XOM), to 941K from 151K, and Microsoft (NASDAQ:MSFT), to 1.09M from 580K.
Trimmed positions feature Apple (NASDAQ:AAPL), to 469K from 1.84M, Eli Lilly (NYSE:LLY), to 96K from 280K, and CVS Health (NYSE:CVS), to 1.24M from 2.45M, the filing showed.
DiscoverGold
2 months ago
OpenAI enters Google-dominated search market with SearchGPT
By: Reuters | July 25, 2024
OpenAI said on Thursday it is selectively rolling out SearchGPT, an artificial intelligence-powered search engine with real time access to the information from the internet.
The move puts the Microsoft-backed startup in direct competition with Google, the dominant search engine in the market.
Following OpenAI's announcement, shares of Google's parent company, Alphabet fell 2% after OpenAI's announcement.
OpenAI said it has opened sign-ups for the new tool, which is currently in the prototype stage and is being tested with a small group of users and publishers.
In a blog post, OpenAI said SearchGPT will provide summarized search results with source links in response to user queries. They will also be able to ask follow-up questions and receive contextual responses.
The company also said it will be integrating the best features of SearchGPT directly into ChatGPT in the future.
Major search engines have been trying to integrate AI into search since ChatGPT first launched in November 2022. OpenAI’s biggest backer, Microsoft, has AI-powered Bing search, while Google rolled out AI-powered summaries for the wider public at its developer conference in May.
Reuters had earlier reported on OpenAI's plans around AI search in May.
Read Full Story »»»
DiscoverGold
tw0122
2 months ago
Microsoft cloud outage July 19 (Reuters) - Major U.S. carriers including American Airlines (AAL.O), opens new tab, Delta Airlines (DAL.N), opens new tab and United Airlines issued ground stops on Friday morning citing communication issues, less than an hour after Microsoft resolved its cloud services outage that impacted several low-cost carriers.
Low-cost carriers Frontier Airlines, a unit of Frontier Group Holdings (ULCC.O), opens new tab, Allegiant and SunCountry (SNCY.O), opens new tab had earlier reported outages that affected operations. Frontier said late Thursday that it was in the process of resuming normal operations, and that the ground stop had been lifted.
Frontier said earlier that a "major Microsoft technical outage" hit its operations temporarily, while SunCountry said a third-party vendor affected its booking and check-in facilities, without naming the company.
U.S. Secretary of Transportation Pete Buttigieg said the department was monitoring the flight cancellation and delay issues at Frontier, adding that the agency will hold the company and all other airlines "to their responsibilities to meet the needs of passengers".
"The Allegiant website is currently unavailable due to the Microsoft Azure issue," Nevada-based Allegiant said in a statement to CNN. Allegiant did not immediately respond to Reuters' request for a comment.
Frontier cancelled 147 flights on Thursday and delayed 212 others, according to data tracker FlightAware. 45% of Allegiant aircrafts were delayed, while Sun Country delayed 23% flights, the data showed. The companies did not give details on the number of flights impacted.
Microsoft said its outage started at about 6 pm ET on Thursday, with a subset of its customers experiencing issues with multiple Azure services in the Central U.S. region.
Azure is a cloud computing platform that provides services for building, deploying, and managing applications and services.
Separately, Microsoft said it was investigating an issue impacting various Microsoft 365 apps and services.
DiscoverGold
2 months ago
Microsoft (MSFT) Price Prediction and Forecast
By: 24/7 Wall Street | July 17, 2024
Everyone knows Microsoft (NASDAQ: MSFT) and its best known products, including Windows operating system, Microsoft 365 suite of productivity apps but its growing cloud computing platform, Azure is the future of the company.
Microsoft stock has been a millionaire maker for decades, with a stock split adjusted IPO price of $0.14, which means at today’s stock price of $454.40, the stock is up 453,600%. That would have turned a $1000 investment at Microsoft’s IPO into $4.53 million today.
As one of the most valuable companies in the world, the only thing investors focus on is what the stock will do over the coming years. Wall Street analysts only go as far as 1 year out when giving a stock prediction. But long term investors want to know where Microsoft might be several years down the road.
24/7 Wall Street aims to give you our assumptions on the stock and provide our insights around the numbers coming from Microsoft and which markets the company is operating in that are most exciting to us.
• If you’re looking for an AI stock early in the AI growth cycle, grab a complimentary copy of our “The Next NVIDIA” report. It has a software stock that could ride dominance in AI to returns of 10X or more.
* * *
Microsoft Share Price Estimates 2025-2030
Read Full Story »»»
DiscoverGold