Meta’s stock ended the day at $790 — its highest closing price in history. The stock has been on a tear following a series of excellent earnings reports, including the latest, in which the company said its continued investment in AI is paying off.
For more than a decade, JPMorgan was Wall Street's most stubborn Tesla skeptic, anchored by auto analyst Ryan Brinkman’s strict focus on traditional car fundamentals and near-term delivery numbers.
But JPM recently handed coverage of the stock to a new analyst, Rajat Gupta, who is throwing that playbook out the window. In a note Friday, the firm upgraded Tesla to neutral from underweight and raised its price target 228% to $475 from $145 (the analyst consensus on FactSet is $403). Instead of focusing on the company’s struggling vehicle business, the new analyst is orienting himself more toward Tesla’s idea of the future, now modeling Tesla’s physical AI and robotaxi fleets all the way out to the year 2040.
Here are the main reasons for the capitulation:
Looking past the car lot: Gupta argues that Tesla "is at the forefront of physical AI, entering uncharted TAMs” and therefore "deserves the benefit of the doubt to be valued on LT earnings potential" rather than near-term speed bumps.
Unmatched vertical integration: Tesla's control over everything from battery cells to custom silicon gives it a massive moat. JPM notes this starting-point advantage is "unmatched at an industrial level scale” and “still somewhat under-appreciated and misunderstood."
The AWS flywheel effect: Deploying Optimus robots inside its own factories "should not only lower COGS for the base automotive business, but more importantly, help validate the product at an industrial scale.” Gupta called it “a classic flywheel effect, somewhat analogous to AWS and Kiva at AMZN."
For Tesla bulls who have argued for years that this is an AI company and not a carmaker, JPM’s sudden $3.9 trillion valuation model is the ultimate validation.
Anthropic says Claude already writes 80% of its code. A new post asks what happens when the models can improve themselves — and whether anyone could stop them.
It took Facebook and Instagram around eight years; it took YouTube just over six; even TikTok, which at the time felt like it was a global sensation almost as soon as it arrived, took more than half a decade.
Now, though, the mobile version of ChatGPT has positively left the biggest platforms (and all of your other favorite apps) in the dust, hitting 1 billion monthly active users in just three years, per new data from market intelligence firm Sensor Tower, as more users turn to OpenAI’s chatbot each month.
While rival Anthropic might be pulling ahead in terms of annualized recurring revenue, enterprise customer adoption, and valuation, the app version of Claude, a market-leading chatbot on several counts, has clocked only 56 million monthly active users in the quarter to date.
In fact, according to Abe Yousef, a senior insights analyst at Sensor Tower, ChatGPT’s monthly active user count for the quarter to date outweighs the figures for Claude, Gemini (472 million), Doubao (106 million), Dola (78 million), DeepSeek (68 million), Meta AI (61 million), Grok (50 million), Perplexity (44 million), and Copilot (31 million)... combined.
ChatGPT made a pretty big splash in the tech world when it landed toward the end of 2022, but there’s no question that the mobile versions — which launched on iOS in May 2023, then on Android a couple months later — helped to catapult the chatbot into the mainstream proper.
There are fewer humans working in Amazon warehouses these days, but those that are still there can at least talk to robots.
At its Delivering the Future event in London, the e-commerce giant unveiled the next generation of Proteus, its autonomous warehouse robot. Instead of requiring complex coding, workers can now give the machine verbal instructions in plain language, like telling it to haul a heavy cart across the floor.
While Amazon’s older generations of warehouse robots were restricted to fenced-off loading docks, Proteus is a fully untethered model that uses AI to safely navigate the entire fulfillment floor alongside human staff. The new robot is the centerpiece of a massive €10 billion ($11.6 billion) investment to modernize Amazon’s European logistics network and is currently being piloted in company labs before a planned rollout in early 2027.
While Amazon’s older generations of warehouse robots were restricted to fenced-off loading docks, Proteus is a fully untethered model that uses AI to safely navigate the entire fulfillment floor alongside human staff. The new robot is the centerpiece of a massive €10 billion ($11.6 billion) investment to modernize Amazon’s European logistics network and is currently being piloted in company labs before a planned rollout in early 2027.
