5 big analyst AI moves: Apple-Baidu collaboration 'driven by regulatory concerns'
Citi attributes Apple-Baidu AI collaboration to regulatory factors) plans to integrate Baidu's ERNIE Bot as the local large language model provider for its forthcoming iOS18, with monetization occurring through API interfaces.
The analysts highlighted the increased importance of advanced semiconductor nodes due to the rising computing power requirements highlighted by AI, as recently noted by OpenAI CEO Sam Altman and TSMC founder Dr. Morris Chang. “TSMC share price has risen 27% YTD, backed by AI strength and industry recovery. The forward P/E tends to move along with SOX since 2020 but underperformed in 2H23- 2024 YTD,” analysts noted.
“While we believe there continues to be a tighter range around FY24 net new ARR, Adobe still has longer-term growth levers across price, mix, and seats, in our view," BMO’s team said reiterating an Outperform rating and $610 price target on the stock. They noted that Adobe's FY24 targets were immediately addressed at the beginning of the meeting and, with the exception of the breakup payment related to Figma, remained precisely as initially outlined at the year's start.In this week’s note to clients, Macquarie analysts said that the market for foundational AI models seems to be undergoing a “shakeout” phase, which has notably impacted some AI startups.
"We expect to see more shakeouts as the market allocates capital amidst accelerated innovation,” they added.
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