Dj We Tested Tesla's Latest Full Self-Driving Version. Here's What We Found. - Barrons.Com

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Banking, Biomed and Technology sectors led shares lower.

At the close in Tel Aviv, the TA 35 lost 0.49%.

The best performers of the session on the TA 35 were Next Vision Stabilized Systems (TASE:NXSN), which rose 4.12% or 600.00 points to trade at 15,150.00 at the close. Meanwhile, Clal Insurance Enterprises Holdings Ltd (TASE:CLIS) added 2.34% or 500.00 points to end at 21,880.00 and Shufersal (TASE:SAE) was up 2.32% or 93.00 points to 4,095.00 in late trade.

The worst performers of the session were Camtek Ltd (TASE:CAMT), which fell 6.27% or 2,390.00 points to trade at 35,710.00 at the close. Tower Semiconductor Ltd (TASE:TSEM) declined 4.64% or 1,860.00 points to end at 38,250.00 and Nova (TASE:NVMI) was down 3.92% or 4,170.00 points to 102,290.00.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 271 to 192 and 85 ended unchanged.

Shares in Clal Insurance Enterprises Holdings Ltd (TASE:CLIS) rose to all time highs; rising 2.34% or 500.00 to 21,880.00.

Crude oil for February delivery was down 0.28% or 0.16 to $57.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.26% or 0.16 to hit $61.12 a barrel, while the February Gold Futures contract rose 0.35% or 15.30 to trade at $4,328.30 a troy ounce.

USD/ILS was up 0.48% to 3.22, while EUR/ILS rose 0.50% to 3.78.

The US Dollar Index Futures was up 0.03% at 98.02.

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Transport, Building & Construction and Media & Publishing sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 1.19%.

The best performers of the session on the Tadawul All Share were flynas Company SJSC (TADAWUL:4264), which rose 2.55% or 1.80 points to trade at 72.30 at the close. Meanwhile, National Industrialization Co (TADAWUL:2060) added 2.13% or 0.21 points to end at 10.09 and Wataniya Insurance Company (TADAWUL:8300) was up 1.92% or 0.25 points to 13.30 in late trade.

The worst performers of the session were Sustained Infrastructure Holding Company SJSC (TADAWUL:2190), which fell 5.75% or 1.88 points to trade at 30.82 at the close. CHUBB Arabia Cooperative Insurance (TADAWUL:8240) declined 5.72% or 1.36 points to end at 22.40 and Arabian Shield Coop Insurance Co (TADAWUL:8070) was down 5.25% or 0.62 points to 11.18.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 279 to 51 and 14 ended unchanged.

Shares in CHUBB Arabia Cooperative Insurance (TADAWUL:8240) fell to 52-week lows; down 5.72% or 1.36 to 22.40. Shares in Arabian Shield Coop Insurance Co (TADAWUL:8070) fell to 5-year lows; down 5.25% or 0.62 to 11.18.

Crude oil for February delivery was down 0.28% or 0.16 to $57.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.26% or 0.16 to hit $61.12 a barrel, while the February Gold Futures contract rose 0.35% or 15.30 to trade at $4,328.30 a troy ounce.

EUR/SAR was unchanged 0.01% to 4.41, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.03% at 98.02.

Investing.com - Tech giants are scrambling to build out AI infrastructure, and given the amount of scrutiny on the recently announced large-scale datacenter commitments, analysts at Bernstein discuss what’s in a datacenter contract.

Contracts are generally bespoke, last 10-15 years with renewal options, and are typically difficult to cancel, the analysts at Bernstein said, in a note dated Dec. 10, as long term leases without easy way of backing out are essential for developers to finance. 

The hyperscalers are often the harshest negotiators who bring their own lease forms, specifications and customizations, but their leases also provide credit enhancement for developers to more easily obtain finance. 

Startup customers, on the other hand, need further credit enhancement tools such as letter of credit, cash deposit or guarantees from partners like Nvidia (NASDAQ:NVDA).

For datacenter developers, energy is the bottleneck, rather than location or supply chain issues. Hence, many are exploring alternative energy sources for longer-term build outs, Bernstein added, even if Microsoft (NASDAQ:MSFT) recently said that finding space rather than electricity was their biggest bottleneck. 

Hyperscalers, neoclouds and AI clouds might be committing 3-4x the capacity they need in the next 24 months to ensure reliable and timely supply; because realistically only a third of the contracts can be delivered on time, with another third delayed and the rest one third never built.

Large deals often have multiple tranches. Capacity is delivered in stages, often tied to power availability rather than construction speed.

Cloud players sign deals to mostly match their near-term capacity needs for the next 24 months, and they diversify multiple multi-tranche deals to manage and smooth out the timing of actual capacity received.

Multi-tranche deals seem to have more flexibility/uncertainty in timing and outcome in outer tranches, which naturally offset some of the “over-commitment”. All bespoke contracts can contain extension rights for delay in delivery acceptable, and can build in windows for client to put off start date for a few months. 

Although rare, there exist contracts with early termination options (for a fee), or termination based on specific delays as negotiated in the contract. Combined with the natural delays or failures from some projects, in aggregate from the cloud player’s perspective the amount and timing of capacity supply longer term could sound quite different from what’s initially signed.

Contract duration management could be a risk on both sides. For the cloud players especially neoclouds, the lease terms are at least 10-15 years yet their cloud deals are often 2-3 year contracts.

For the developers, buildings typically last longer than 15 years and they have traditionally seen high renewal rates, but that could be subject to change in the future.

Investing.com -- Morgan Stanley says investors may be underestimating the risk that AI could disrupt eCommerce and food-delivery platforms, as large language models begin to handle product discovery and ordering directly.

Instacart became the first grocery company to enable shopping inside ChatGPT. Morgan Stanley says such moves could accelerate questions about whether consumers might bypass retailer apps altogether. The feature will roll out in the coming weeks.

While the debate around “agentic AI” has been well-developed in classifieds, Morgan Stanley says that similar risks in eCommerce like Allegro, HelloFresh, Ocado, Zalando and food delivery such as Delivery Hero, talabat, Prosus, Jahez, have received far less attention.

Yet the core threat is the same: AI could redirect traffic, increase price transparency and weaken platform loyalty.

The analysts point out that AI concerns are already influencing stock calls. MONY, for example, was recently downgraded partly because AI could erode comparison-site economics.

HelloFresh, downgraded on rising competition, may also see substitution risks as AI reshapes how users plan meals and shop for ingredients.

For food-delivery firms, AI agents could end up selecting restaurants, comparing fees and placing orders, potentially compressing take-rates and shifting power to AI platforms. Several large operators “have yet to face the same degree of debate,” the analysts says.

Morgan Stanley expects AI-related disclosures to rise through 2026 as companies rush to show how they will avoid being disintermediated.

“This type of news flow will accelerate debate around what companies are doing to prepare,” the analysts write.

Investing.com -- Autonomous vehicles could reshape the U.S. transportation economy, with Bank of America arguing that driverless ride-hailing represents a “massive $1tr+ US market opportunity.” 

In a note this week, analyst Justin Post wrote that investors are increasingly focused on how AV technology will alter competition, pricing and profitability for mobility leaders such as Uber and Lyft.

According to BofA, U.S. drivers log 3 trillion miles annually, yet ride-hailing today captures only 1% of those miles. 

If AVs can lower per-mile ride costs closer to car-ownership levels, the bank believes adoption could expand dramatically. 

Post said that “AV ride-hailing could expand to 20% of annual US vehicle miles traveled (VMT) over the next 15 years,” implying a market worth $0.9–$1.2 trillion based on estimated per-mile pricing of $1.5–2.0.

For Uber, which BofA estimates has 70–80% U.S. market share, the long-term growth runway remains substantial even if new rivals such as Waymo, Tesla or Zoox enter aggressively. 

The firm sees “potential for Uber US mobility bookings to grow at a long-term CAGR of 13% to 20%” depending on share outcomes between 30–70%.

A key concern for investors is said to be whether cheaper AV rides will erode margins. But BofA believes Uber could maintain roughly 10% mobility margins even with a drop in ride prices to $2.00 from roughly $2.75 today. 

Under more favourable cost conditions, such as AV hardware falling to $45,000 and operating costs below 20%, the break-even price could fall to $1.60, the analyst notes.

BofA concludes: “We still see an impressive opportunity,” citing rising AV demand, strong network effects and viable economics for both riders and platforms.