Berkshire Hathaway's 13F Filing Suggests a Buffett-Style Bash — Pizza, Beer and Fine Wine

BenzingaFeb 17 09:00 ET

Bank of America: In the face of DeepSeek's rise, Alibaba is expected to increase its investment in AI.

Analysts at Bank of America wrote in a report that Alibaba may increase its investment to capitalize on the trend of using AI in Cloud Computing services and maintain its market leadership. They added that after the recent restructuring, the company emphasized that its two core businesses are E-Commerce and Cloud Intelligent Group. They stated that investing in the construction of AI infrastructure services is expected to optimize operational efficiency. These analysts also mentioned that the explosive success of DeepSeek should prompt Alibaba to strengthen its investment commitment to Cloud Computing and AI businesses, potentially boosting its Cloud business revenue and profits in the short and long term.

Global market reportFeb 17 02:19 ET

Bank of America: DeepSeek may accelerate the development of autonomous driving technology for China's Autos manufacturers.

Analysts at Bank of America Securities wrote in a research report that DeepSeek could accelerate the development of self-driving technology among Chinese Autos manufacturers. They stated that the development logic of DeepSeek shares some similarities with self-driving, which may impact the future development of self-driving technology. They also mentioned that DeepSeek's approach could enhance the multimodal capabilities of self-driving solution companies, helping these companies better understand road scenarios and deliver more robust performance under complex road conditions. They noted that this also reduces the additional computational power required when handling complex scenarios.

Global market broadcast.Feb 17 02:12 ET

Is Bank of America Corporation (BAC) The Best Financial Sector Dividend Stock To Buy Right Now?

Yahoo FinanceFeb 16 21:16 ET

Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms

BenzingaFeb 15 12:19 ET

Buffett further reduced his shareholding in Bank of America, while his stake in Apple remains unchanged.

In the last few months of last year, Warren Buffett's Berkshire continued to reduce its long-term bet on Bank of America, while its stake in Apple remained unchanged after previous reductions. Regulatory filings on Friday showed that this conglomerate, based in Omaha, Nebraska, lowered its stake in Bank of America to 8.9% in the fourth quarter of last year. Berkshire's earlier shareholding reduction caused its stake to fall below 10%, which exempted it from the requirement for rapid disclosure of trades. As of Friday's close, the remaining hold positions were valued at $31.9 billion. The 94-year-old Buffett began reducing his investment in Bank of America in mid-July but did not provide.

Global market report.Feb 15 01:27 ET