Top Tech Stock News: 7 Things You Missed This Week (4-Oct-2019)
October 04, 2019
Beth Kindig
Lead Tech Analyst
1. Uber and Lyft Face Increasing Investor Skepticism
After weeks of controversy and poor earnings, it’s no surprise that Uber and Lyft are now facing scepticism from investors. Uber shares recently closed at $29.15, whereas Lyft shares recently closed at $39.57, slightly below from their previous lows of $30.29 and $40.84 respectively. The new all-time lows represent the pessimistic sentiments of many investors, despite assurances from both firms that they will be able to bounce back from their various problems.
However, both Uber and Lyft are not the only ones affected by the growing scepticism. Investors are also questioning the viability of billion dollar market caps of large companies that recently went public. Unlike traditional tech companies, which primarily produce software, newer tech IPOs, like Lyft and Uber, offer different types of services, many of which face growing scepticism among many investors.
https://www.cnbc.com/2019/10/01/uber-closes-at-record-low-worth-less-than-50-billion.html
2. Sony Reduces the Price of Playstation by Half; Starts Streaming Game Services
Sony is upping the ante. Starting next Tuesday, the cost of a PlayStation subscription will be cut in half to $9.99 per month. According to Sony, the new price policy was driven by the need to provide a service that is “comparable to other entertainment streaming services on the market.”
Sony’s decision to cut its streaming prices in half reflects a general trend among entertainment and gaming companies to cater to the streaming market. From music and movies to TV shows and video games, streaming services are the driving medium of sales on phones, tablets, laptops and consoles.
Moreover, the popularization and development of streaming services has led many consumer demographics to drop older cable and gaming services in favor of streaming solutions, leading to the growth of well-known streaming brands, such as Disney, Amazon and most notably Netflix.
Sony’s decision to cut the cost of its Playstation streaming service reflects the growth of other similar services in the games and entertainment industries.
https://www.cnet.com/news/sony-halves-price-of-playstation-now-streaming-games-service-to-go-up-against-microsoft-google/
3. AMD Announces New Ryzen Pro 3000 Series CPUs For 4th Quarter
AMD recently announced that their 3rd generation Pro processors will be available for purchase this 4th quarter. The new Pro CPUs were designed for both small business and commercial desktop computers, and they will feature up to 12 cores.
The new Ryzen Pro CPUs were supposedly based on the Zen 2 “Matisse” microarchitecture, introduced earlier this summer. They will also support all of AMD’s Pro-series features, such as the TrustZone security Processor, DASH manageability, Secure Boot, Content Protection and more.
Additionally, AMD also has a little something for streamlined PCs that prioritize integrated graphics over CPU cores. Their new Ryzen 3000 Pro APUs will feature the quad-core Ryzen 5 Pro and Ryzen 3 Pro as well as the dual-core Athlon Pro 3000-series CPUs, all of which include the integrated Radeon Vega graphics
https://www.anandtech.com/show/14922/amd-ryzen-pro-3000-series-cpus-in-q4
4. Amazon’s New Echo Devices Add Virtual Assistants in Glasses, Jewelry and Even in Your Ear
Amazon takes another step towards Sci-Fi with its Echo devices. The new products will allow Amazon to install Alexa into common accessories, such as glasses and rings, and even inside people’s ears.
One of the Echo devices, Echo Studio, is a music-focused speaker that is capable of playing high definition audio. Another device – the Echo Flex – puts Alexa inside a plug that can be attached into locations where large speakers don’t fit.
If you want to put Alexa in your ring, there’s the Echo Loop ring accessory, which is designed to do just that. And for those of you who need to wear glasses, there are now Amazon glasses which are voice controlled and operated.
According to Amazon representatives, the new devices were designed to “make your home smarter and safer, keep family and friends connected, and bring your favourite entertainment to you, wherever you are.”
Amazon adds wearables to voice-controlled Alexa collection
5. Meet Microsoft’s New Phone, the Surface Duo
Microsoft is creating a new smartphone. Introducing the Surface Duo, an Android device with two screens. Each screen measures 5.6 inches, both of which can be expanded into an 8.3 inch device when fully expanded. So far, that’s the only information Microsoft has released to the public, though there are expectations that the Surface Duo will be available during the holiday season next year.
Aside from its new phone, Microsoft also recently released several new products, including Windows 10 X for dual screen devices, the Surface Laptop 3, the Surface Pro X and Surface Pro 7, Surface Pro Earbuds as well as the SQ1 custom Arm chip.
https://www.cnet.com/news/microsoft-phone-really-happening-introducing-surface-duo-android/
6. IBM Develops AI That Can Create Realistic Voices Based On 5 Minutes of Vocal Audio
Creating realistic text to speech models requires powerful hardware. However, researchers at IBM were not deterred by this challenge. They recently developed a lightweight and efficient method for speech synthesis and suffice to say, the results are impressive.
According to the researchers, their AI can synthesize high quality speech in real time based on a speaker’s voice. Moreover, the AI can also adapt to different speaking styles and voice patterns by analyzing small amounts of audio data.
According to IBM researchers Zvi Kons, Slava Shechtman, and Alex Sorin, this new technology was developed using a ‘neural speech synthesis based on a modular architecture,’ and is quite different from older text to speech systems, most of which relied on large, complex neural network models in order to work.
https://venturebeat.com/2019/09/30/ibms-ai-generates-high-quality-voices-from-as-little-as-five-minutes-of-speech/
7. Intel Slashes Prices of High End Gaming Chips
Intel is reducing the price of its i9 processors as it attempts to refresh an old design. The new prices will take effect this November, which happens to be the same time when Intel’s new gaming chips will be released into the market.
The i9 chips are built on an old core called Skylake, an aging design that had seen numerous mediocre performance upgrades year after year. Intel would like to transition to the newer Ice Lake-based designs however, their newer chips are still limited to certain premium laptops, which explains why they are sticking to the older models.
Additionally, there’s also the issue of competition to consider. Intel is facing intense pressure from Apple, Samsung and Qualcomm, all of which are challenging the company’s dominance in the chip market. By slashing the cost of their chips, Intel hopes to address these challenges while keeping their existing chips fresh for most consumers.
https://www.cnet.com/news/intel-dramatically-cuts-prices-of-top-end-i9-gaming-chips/
Gains of up to 2,880% from our Free Newsletter.
Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!
2,880% on Nvidia
750% on Bitcoin
*as of Nov 20, 2024
Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.
If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 4,490% on Nvidia, 900% on Chainlink, and 1,120% on Bitcoin. The I/O Fund is audited annually to prove it’s one of the best-performing Funds on the market, with returns that beat Wall Street funds.
Get a bonus for subscription!
Subscribe to our free weekly stock
analysis and receive the "AI Stock: 5
Things Nobody is Telling you" brochure
for free.
More To Explore
Newsletter
AI Spending To Exceed A Quarter Trillion Next Year
Big Tech’s AI spending continues to accelerate at a blistering pace, with the four giants well on track to spend upwards of a quarter trillion dollars predominantly towards AI infrastructure next year
Palantir Stock: How High Is Too High?
Palantir proved again in Q3 that it’s undeniably one of the stronger AI software stocks in the market outside of the cloud hyperscalers. The company reported visible AI-driven growth and persisting bu
Bitcoin Bull Market Intact as Risk Increases
In December 2022, we boldly stated that “Bitcoin is a buy” when it was trading around $17,000. We were positioning for a new bull cycle and projected a target between $75,000 - $132,000. Despite Bitco
Tesla Stock: Margins Bounce Back For AI-Leader
Tesla is arguably one of the most advanced AI companies in the world, yet its stock is dictated by margins. Over the past three years, Tesla’s average gross profit per vehicle has declined by 60%, fal
This Stock Is Crushing Salesforce, MongoDB And Snowflake In AI Revenue
In this article, I break down how Palantir’s AIP is putting it a step above peer Salesforce, MongoDB and Snowflake with visible AI growth, and its undeniable ‘secret sauce’.
Nvidia, Mag 7 Flash Warning Signs For Stocks
In this report, my team will address the risks brewing in the market. The strange behavior in the bond market could be signaling that the FOMC has made a policy error. This coupled with key tech stock
Why the I/O Fund is Not Buying Nvidia Right Now: Video Interview
In an interview with Darius Dale, Beth Kindig stated: “We ultimately think you can get Nvidia lower than where it is trading now. We are likely to take gains between $120 and $150 based on technical l
Cybersecurity Stocks Seeing Early AI Gains
Below, I look at the demand environment for leading cybersecurity stocks CrowdStrike, Zscaler, Palo Alto, and Fortinet, and which ones have key metrics hinting toward underlying strength.
4 Things Investors Must Know About AI
We’re still in the early innings of AI, but the pace of transformation that AI is driving is unlike any other technology seen before, and that was evident at Communacopia. Below, I dig in to the four
AI PCs Have Arrived: Shipments Rising, Competition Heating Up
Chipmakers Qualcomm, Intel and AMD are working to bring AI-capable PCs to the “mainstream”, delivering powerful neural processing units to PCs for on-computer AI operations. AI PCs are not only a cons