Author: Tim Stelloh,Brittany Tom,Kelley Moody

Creative Strategies CEO and principal analyst Ben Bajarin joins Asking for a Trend to discuss the increased artificial intelligence (AI) capital expenditure investments across tech giants, particularly in their cloud businesses. Bajarin notes that while AI drives “part of” the increased spending on the cloud, “we forget that there is a lot of general-purpose cloud that is still out there.” He emphasizes that traditional cloud services continue to show strength as companies work to transition enterprises to cloud platforms. Regarding AI spending, Bajarin explains that much of the growth comes from organizations training and deploying pilot projects, but “they’re deploying…

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Mizuho raised its price target on Robinhood Markets (HOOD) from $60 to $65, while analysts maintained their Outperform rating on the stock. The Mizuho team cited its own survey results that gauged investor interest in also using the platform for sports betting. Although Robinhood had initial plans to launch sports betting contracts for the Super Bowl, the Commodity Futures Trading Commission (CFTC) said Tuesday it has formally requested that Robinhood “not permit customers to access” sports event contracts. Julie Hyman and Josh Lipton report more on the analyst commentary around Robinhood. To watch more expert insights and analysis on the…

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