ServiceNow, Quanta Services And More On CNBC’s ‘Final Trades’
CNBC Final Trades: Brown picked UTWO, Ethridge chose NOW, Saccocia IYM and Link PWR; analysts upgraded NOW and PWR after strong results.
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CNBC Final Trades: Brown picked UTWO, Ethridge chose NOW, Saccocia IYM and Link PWR; analysts upgraded NOW and PWR after strong results.
The global AI Automation Market is projected to grow from USD 131.19 billion in 2025 to USD 2,041.82 billion by 2035, with a CAGR of 31.62%. North America leads with 32.70% market share, while Asia Pacific shows the fastest growth at 33.07% CAGR. Cloud deployment dominates with 71% share, and intelligent process automation leads automation types. Large enterprises currently control 67% of the market, though SMEs are growing fastest. Key drivers include enterprise AI adoption, generative AI integration, and cloud-based solutions.
Oracle stock fell 3.47% after issuing a force majeure notice for its Project Jupiter data center in New Mexico, citing construction delays and regulatory hurdles. The move signals challenges in data center development but is primarily a legal protection measure. Oracle's heavy debt load for AI infrastructure investments has raised concerns, with credit default swaps hitting record highs.
Analysts upgraded Quanta Services, CoreWeave and Dollar General, raising price targets to $775, $125 and $160, respectively.
Bernstein analyst Chad Dillard upgrades Quanta Services (NYSE:PWR) from Market Perform to Outperform and raises the price target from $748 to $775.