Latest news with #AIArmsRace
Yahoo
8 hours ago
- Automotive
- Yahoo
Tesla's autonomous chapter 'one of the most important' in its history says Wedbush
-- Tesla is officially entering what Wedbush calls 'the golden era of autonomous' with the launch of its robotaxi service in Austin this Sunday, a milestone the firm believes could eventually add $1 trillion to Tesla's valuation. In a note on Friday, Wedbush said the service will begin with around 20 Model Y vehicles operating in a geofenced area around Austin, with plans to scale to 'roughly 25 cities in the U.S. over the next year.' Analysts described the event as a 'foundation of autonomous growth for years to come' and called it 'one of the most important' chapters in Tesla's history. 'We believe the AI future at Tesla (NASDAQ:TSLA) is worth $1 trillion to the valuation alone over the next few years,' Wedbush wrote. The firm reiterated its Outperform rating and $500 price target, citing Tesla's unmatched global scale in AI and autonomy. Wedbush also sees regulatory tailwinds under a Trump presidency, predicting that federal oversight will soon simplify approval for full self-driving technologies. 'Trump wants the U.S. to stay ahead of China in this AI Arms Race,' the analysts said, adding that autonomous technology 'is a key factor in who wins AI… with Tesla playing a major role on robotaxis.' The launch marks only the beginning, according to Wedbush. 'Rome was not built in a day… and neither will Tesla's autonomous and robotics strategic vision,' they said. Full-scale production of Tesla's purpose-built robotaxi, the Cybercab, is expected to start next year. Wedbush concluded, 'We believe Tesla could reach a $2 trillion market cap by the end of 2026 in a bull case scenario.' Related articles Tesla's autonomous chapter 'one of the most important' in its history says Wedbush CarMax shares surge on strong Q1 earnings beat Circle stock continues to surge after stablecoin bill, buy rating Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Automotive
- Yahoo
Tesla's autonomous chapter 'one of the most important' in its history says Wedbush
-- Tesla is officially entering what Wedbush calls 'the golden era of autonomous' with the launch of its robotaxi service in Austin this Sunday, a milestone the firm believes could eventually add $1 trillion to Tesla's valuation. In a note on Friday, Wedbush said the service will begin with around 20 Model Y vehicles operating in a geofenced area around Austin, with plans to scale to 'roughly 25 cities in the U.S. over the next year.' Analysts described the event as a 'foundation of autonomous growth for years to come' and called it 'one of the most important' chapters in Tesla's history. 'We believe the AI future at Tesla (NASDAQ:TSLA) is worth $1 trillion to the valuation alone over the next few years,' Wedbush wrote. The firm reiterated its Outperform rating and $500 price target, citing Tesla's unmatched global scale in AI and autonomy. Wedbush also sees regulatory tailwinds under a Trump presidency, predicting that federal oversight will soon simplify approval for full self-driving technologies. 'Trump wants the U.S. to stay ahead of China in this AI Arms Race,' the analysts said, adding that autonomous technology 'is a key factor in who wins AI… with Tesla playing a major role on robotaxis.' The launch marks only the beginning, according to Wedbush. 'Rome was not built in a day… and neither will Tesla's autonomous and robotics strategic vision,' they said. Full-scale production of Tesla's purpose-built robotaxi, the Cybercab, is expected to start next year. Wedbush concluded, 'We believe Tesla could reach a $2 trillion market cap by the end of 2026 in a bull case scenario.' Related articles Tesla's autonomous chapter 'one of the most important' in its history says Wedbush Turkish Airlines considers minority stake in Air Europa Wedbush's Ives raises stock price target on this 'AI winner'
CNBC
11 hours ago
- Automotive
- CNBC
Tesla could reach $2 trillion in market cap by end of 2026 as autonomous era begins in Austin, says Dan Ives
Wedbush's Dan Ives believes that Tesla "remains the most undervalued AI play in the market today" and could roughly double its value by the end of next year. In a Friday note, the analyst reiterated his outperform rating and $500 price target on the electric vehicle maker. Shares of Tesla closed at $322.05 on Wednesday, meaning that Ives' forecast signals upside of more than 55%. Tesla has struggled this year, plunging more than 20%. TSLA YTD mountain TSLA YTD chart Still, Ives remains bullish on the stock, noting that the "golden era of autonomous for Tesla" officially begins Sunday in Austin with the launch of roughly 20 Model Y robotaxis. He said the rise of autonomous vehicles could drive Tesla's market cap to $2 trillion by the end of 2026 from roughly $1 trillion as of Wednesday's close. It's expected that Tesla will steadily ramp up its robotaxi service to roughly 25 U.S. cities in the next year. Ives added that Tesla's full-scale production of Cybercabs, beginning next year, will be its next key step in monetizing the autonomous vision of the future. "Taking a step back we view this autonomous chapter as one of the most important for Musk and Tesla in its history as a company ... as we believe the AI future at Tesla is worth $1 trillion to the valuation alone over the next few years," Ives wrote. "There will be many setbacks ... but given its unmatched scale and scope globally we believe Tesla has the opportunity to own the autonomous market and down the road license its technology to other auto players both in the U.S. and around the globe." The analyst added that he expects President Donald Trump to help clear the federal regulatory spiderwebs that might have troubled Tesla CEO Elon Musk's autonomous ambitions in the past. "The BFF/frenemy situation with Musk and Trump has created a soap opera on this front but ultimately Trump wants the U.S. to stay ahead of China in this AI Arms Race and autonomous is a key factor in who wins AI ... with Tesla playing a major role on robotaxis," Ives said. "We expect over the coming months an easing of the federal framework for autonomous with more power going to the federal regulators with states having less authority on the autonomous rules/approvals/framework." Tesla shares rose more than 1% in the premarket. Analysts are split on the stock. Of the 55 who cover it, 25 rate it a buy or strong buy, according to LSEG. Another 19 have a hold rating on Tesla, while 11 assigned underperform or sell ratings.
Yahoo
05-05-2025
- Business
- Yahoo
Wedbush Calls Palantir a Top AI Pick Despite Federal Budget Cuts
Palantir Technologies (NASDAQ:PLTR) is expected to navigate upcoming federal budget shifts with strength as it prepares to release first-quarter earnings after Monday's close, according to a client note from Wedbush Securities. Despite a planned $165 billion cut by the Department of Government Efficiency, Wedbush analysts said Palantir is not on the dark side of the reductions and may, in fact, benefit from increased demand for its government-focused AI platforms. Warning! GuruFocus has detected 3 Warning Sign with DAL. Analysts highlighted the company's artificial intelligence platform, AIP, as a unique offering that puts Palantir ahead in what they call the AI Arms Race, contrasting its strategic approach with competitors they believe are less advanced in real-world AI deployment. Wedbush maintains Palantir as one of its top tech picks, calling the company's AIP offering a foundational platform as enterprise clients begin integrating AI into core operations. Wall Street expects Palantir to post earnings of $0.13 per share on revenue of $862.13 million for the March quarter, according to a consensus estimate. Palantir shares remained almost flat on Monday trading. This article first appeared on GuruFocus.
Yahoo
11-04-2025
- Business
- Yahoo
Microsoft price target lowered to $475 from $550 at Wedbush
Wedbush lowered the firm's price target on Microsoft (MSFT) to $475 from $550 and keeps an Outperform rating on the shares. The tariff 'game of poker' is adding a high level of near-term uncertainty to any company with supply chains and cost inputs around China and it has also 'created real damage to the corporate spending mentality,' the analyst tells investors. The firm estimates that 10%-15% of many cloud and AI initiatives in the U.S. it is tracking in the field could be pushed out or slowed down during this period of uncertainty, adding that this 'could be conservative' and that Microsoft 'will be front and center.' The firm is cutting Microsoft's June quarter and 2026 estimates along with lowering its price target Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MSFT: Disclaimer & DisclosureReport an Issue British AI Driving Group Wayve Starts the Engine on Global Expansion Plans With Nissan Deal Inside 2025's Tech Crisis: Trade Wars, Tariff Shocks, and the AI Arms Race Microsoft's Strategic Positioning and Growth Potential Justify Buy Rating OpenAI countersues Musk, claims harassment, Reuters reports Apple pushed suppliers to fly premium devices before April 9, Nikkei reports Sign in to access your portfolio
