Investing.com -- Here are the biggest analyst moves in the area of artificial intelligence for this week.
However, expectations for Tesla's core auto business are declining, analysts cautioned. They noted that Tesla's valuation has historically included a premium for its potential growth in various areas. Still, the challenge lies in accurately valuing this"optionality." With the stock trading at 86 times the next twelve months P/E, the lack of visibility and potential for delayed growth opportunities warranted the downgrade to Sell, UBS said.
The survey, conducted in the US, UK, China, and India, revealed that a large portion of iPhone users still use older models: 29% own an iPhone 13, 13% have an iPhone 12, and over 31% have an iPhone 11 or older. The firm expects AI server maker’s June quarterly sales to align with its guidance of $5.1-$5.5 billion, noting that some liquid cooling projects have been delayed to later quarters, reducing the likelihood of surpassing the guidance.
"Microsoft's lead in terms of core spending intentions and positioning in GenAI is improving more meaningfully," analysts said in a note.
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