Author: arthursheikin@gmail.com

[ad_1] Prediction markets have stormed the sports betting arena, leading the biggest sports gambling companies to lose billions in value over recent weeks. Bank of America thinks the sell-off appears overdone. Analyst Shaun Kelley reiterated his buy ratings on sports betting giants DraftKings and FanDuel parent Flutter on Monday. While he lowered his price target on both stocks to “reflect overhangs” from prediction markets, his targets still point to big gains ahead. Kelley trimmed his DraftKings stock forecast by $2 to $48, which implies 37.2% upside from Monday’s close. His $325 price target on Flutter, down from $350, suggests the…

[ad_1] PepsiCo has seen its shares fall flat over the last three years and worse, it significantly trails its rival Coca-Cola in performance over the last year. Shares of Pepsi are lower by around 8% year-to-date and down 16% over the last 12 months. While its rival has seen shares rise by around 7% year-to-date despite falling a bit over the last 12-months. The analyst community are no fans either. According to Bloomberg data, Pepsi has the equivalent of 8 buys, 17 neutrals and one sell rating. The average price target is $154.09 for an upside expected gain of 9.8%.…

[ad_1] Nvidia CEO Jensen Huang told staff that the company will continue to sponsor H-1B visas and cover all associated costs following President Donald Trump’s executive order last month that imposed a $100,000 fee on each new application.Huang reiterated his earlier support for the changes and shared personal reflections on immigration in the internal message, which Business Insider viewed.”As one of many immigrants at Nvidia, I know that the opportunities we’ve found in America have profoundly shaped our lives,” he wrote. “And the miracle of Nvidia — built by all of you, and by brilliant colleagues around the world —…

[ad_1] Anthropic co-founder and CEO Dario Amodei is in India this week, with plans to set up an office in Bengaluru and explore a partnership with Mukesh Ambani’s Reliance Industries, TechCrunch has learned. The move signals the AI startup’s push to deepen its presence in its second-largest market after the U.S. Amodei is expected to visit Mumbai to meet Ambani and other senior executives at Reliance Industries, India’s most valuable company and the parent of the nation’s top telecom operator, Reliance Jio, people familiar with the matter told TechCrunch. Anthropic has been in discussions with Reliance for some time over…

[ad_1] Tech behemoth IBM is teaming up with AI research lab Anthropic to bring AI into its software. Armonk, New York-based IBM announced it will be adding Anthropic’s Claude large language model family into some of its software products on Tuesday. The first product to tap Claude will be IBM’s integrated development environment, which is already available to a select group of customers.   IBM also announced it created a guide in partnership with Anthropic on how enterprises can build, deploy, and maintain enterprise-grade AI agents.   Terms of the deal were not disclosed. TechCrunch reached out to IBM for more information on the future of the partnership. Anthropic has been making a big push…

[ad_1] Most years, the whole of multistrategy hedge funds is greater than the sum of their parts.Thanks to a web of uncorrelated trading teams, leverage, and tight risk management, these firms can generate strong returns in times of distress — as demonstrated by the 2022 performance of firms like Ken Griffin’s Citadel — while also making money when markets are steady.This year, though, is unlike most years. Choppy conditions, thanks to an unsteady global economy and sky-high capital expenditures from the biggest tech companies on artificial intelligence bets, have warped global markets, causing multi-strategy firms’ flagship funds to trail more…

[ad_1] Today’s idea starts with the simplest entry criterion in the book: support and resistance. From there, I layer on a couple of my go-to indicators to confirm the signal before pulling the trigger. I’m looking at BURL (Burlington Stores Inc.) . The stock is down about 17% over the past 17 days and has now slipped into a zone where a mean reversion bounce could set up. If price holds at support and the indicators line up, this could offer a defined-risk shot to the upside. Support/resistance Note the white line on the chart — this marks a long-term…

[ad_1] Astera Labs’ shares are poised to soar after Advanced Micro Devices and OpenAI unveiled a multibillion-dollar AI infrastructure deal on Monday, according to Citi. The investment bank set a Street-high $275 price target on Astera Labs, implying almost 25% upside from Monday’s close, when the stock ran up 10%. Citi reiterated a buy recommendation on Astera, whose shares have nearly quadrupled in price over the past six months. Astera Labs is a Silicon Valley-based semiconductor maker that provides hardware and software for AI and cloud infrastructure applications. It will supply critical networking infrastructure for Advanced Micro Device’s Helios platform,…

[ad_1] OpenAI held its annual dev day on Monday, where the company rolled out its plan to build apps into ChatGPT. The demo was impressive, showing how programs like Spotify and Figma can be called or discovered without leaving the ChatGPT window. With so much of the tech world barreling towards AI integration, OpenAI’s demo was the best picture yet of what an AI-first internet might actually look like, with interfaces like ChatGPT querying information and executing commands directly. If you’re watching closely, you may have noticed that there’s a lot of room in this system for money to change…

[ad_1] AI startup Zingage has raised $12.5 million in seed funding to help bring healthcare inside the home — a shift it says will occur over the next decade.The two-year-old startup is developing an AI-powered scheduling and operations product for home healthcare agencies, which send caregivers into people’s homes for aid — as opposed to a hospital or long-term facility.Patients aren’t receiving care because agencies are bogged down by offline logistics, cofounder and CEO Victor Hunt told Business Insider, while workers in the field are cobbling together hours to make a living wage.”We want all healthcare to be deployed in…