Core Viewpoint - Pinterest's stock has declined following the announcement of a plan to reduce its workforce by approximately 15% as the company shifts its focus towards AI-related roles and products [1] Group 1: Workforce Changes - The company plans to cut about 15% of its workforce [1] - This reduction is part of a strategy to reallocate resources towards AI-focused roles and products [1] Group 2: Market Reaction - Following the announcement, Pinterest's stock experienced a drop [1]

Core Viewpoint - Pinterest plans to lay off less than 15% of its workforce to reduce office space and reallocate resources towards AI initiatives, expecting to complete the layoffs by late September [1] Group 1: Workforce Changes - The company will be cutting approximately 700 jobs, based on its total of 4,666 full-time employees at the end of 2024 [1] - The layoffs are part of a strategy to focus on AI-focused roles and teams that enhance AI adoption and execution [1] Group 2: AI Initiatives - Pinterest has been investing in AI, recently launching "Pinterest Assistant," an AI companion for shopping advice and recommendations [2] - The company is also experimenting with AI-powered personalized boards to enhance user experience [2] - CEO Bill Ready highlighted the potential of open-source AI models to help manage costs during the last earnings call [2] Group 3: Financial Implications - Pinterest anticipates pre-tax restructuring charges between $35 million and $45 million due to the layoffs [3]

Core Viewpoint - Pinterest Inc is laying off nearly 15% of its workforce and downsizing office space to reallocate resources, which is expected to result in up to $45 million of pre-tax restructuring charges. This strategic move is aimed at transforming Pinterest into a high-margin AI discovery engine, enhancing its competitiveness and growth potential through 2026 [1]. Group 1: Layoffs and Strategic Shift - The company plans to complete the layoffs by late September, which will help in reallocating savings towards AI-enabled products and capabilities [1]. - The layoffs are seen as a commitment from management to transition Pinterest from a high-cost social media platform to a more efficient and scalable competitor in the digital landscape [1]. Group 2: Financial Performance and Valuation - Pinterest's stock is currently down approximately 35% from its 52-week high, making it more attractive for long-term investors, especially with a price-to-sales (P/S) multiple of about 4.4 [1]. - Institutional investors, such as Cullen Frost, have increased their stake in Pinterest by over 50%, indicating confidence in the company's future despite recent stock performance [1]. Group 3: Future Growth Potential - Upcoming earnings are expected to be a positive catalyst, with projections of 40 cents per share for fiscal Q4, reflecting a 21% year-over-year increase [1]. - Wall Street analysts maintain a "moderate buy" consensus rating on Pinterest, with price targets as high as $45, suggesting potential upside of around 80% [1].

Pinterest Stock: Social Media Firm Cutting Up To 15% Of Jobs To Focus On AI| Investor's Business DailyMUST-VIEW FOR INVESTORS: [See The Best Online Brokers For 2026]---Pinterest will cut nearly 15% of its workforce in a global restructuring plan that the social media company said will redirect resources toward artificial intelligence. Pinterest (PINS) stock fell Tuesday morning. The San Francisco-based Pinterest said in a regulatory filing that its board has approved a plan for a reduction of "less than 15% ...

Pinterest said it would cut up to about 15% of its workforce, or roughly 700 jobs, as part of a restructuring aimed at pivoting resources toward higher-growth areas such as artificial intelligence. ...

Pinterest said Tuesday it plans to lay off less than 15% of its workforce and cut back on office space as the company embraces artificial intelligence. In a securities filing, Pinterest said it expects the cuts will be complete by the end of its third quarter in late September.The social media company said it's "reallocating resources" to AI-focused teams and prioritizing "AI-powered products and capabilities."This is breaking news. Please refresh for updates. ...

Core Viewpoint - Pinterest announced a workforce reduction of less than 15% and plans to downsize its office space, focusing on reallocating resources towards artificial intelligence initiatives [1] Company Actions - The company is implementing a workforce reduction of less than 15% [1] - Pinterest is also planning to shrink its office space [1] Strategic Focus - The reallocating of resources is aimed at enhancing the company's artificial intelligence initiatives [1]

Core Insights - The article discusses how Chinese open-source AI models are gaining popularity among American companies, suggesting that China may be quietly winning the AI race [1] Group 1: Adoption of Chinese AI Models - Pinterest is utilizing Chinese AI models, specifically the DeepSeek R-1 model, to enhance its recommendation engine, indicating a growing trend among U.S. companies to adopt these technologies [2] - The CEO of Pinterest, Bill Ready, noted that the open-source nature of DeepSeek has sparked a wave of interest in open-source AI models [2] - Other Chinese open-source models mentioned include Alibaba's Qwen and Moonshot's Kimi, with ByteDance also developing similar technologies [2] Group 2: Advantages of Chinese AI Models - The CTO of Pinterest, Matt Madridigal, stated that the ability to download and customize these models provides a significant advantage over models from companies like OpenAI, which are not freely available [2] - The accuracy of models trained using open-source technology is reported to be 30% higher than that of off-the-shelf models, with lower optimization costs [2] Group 3: Broader Industry Impact - Chinese AI models are recognized by numerous Fortune 500 companies, with Airbnb's CEO Brian Chesky highlighting the benefits of Alibaba's Qwen for their AI customer service agents, citing quality, speed, and cost-effectiveness [4] - The Hugging Face platform shows that Chinese models occupy multiple spots in the top ten most popular models, with Alibaba's Qwen surpassing Meta's Llama as the most downloaded large language model [4] Group 4: Competitive Landscape - A report from Stanford University indicates that Chinese AI models have either caught up to or surpassed global counterparts in terms of capability and user base [6] - The success of China's open-source model development is partially attributed to government support [6]

Core Insights - Pinterest, Inc. (NYSE:PINS) is identified as a stock under $50 that is recommended for purchase, despite recent price target reductions by major analysts [1][2] Analyst Ratings and Price Targets - UBS has lowered its price target for Pinterest from $48 to $40 while maintaining a Buy rating, citing lower-than-usual earnings beats for ad-driven firms in Q4 due to a government shutdown in October, followed by a rebound in November and December [1] - Goldman Sachs has also reduced its price target for Pinterest from $36 to $32, but retains a Buy rating, indicating a robust and steady Q4 supported by strong auction trends and seasonal ad spending [2] Market Sentiment and Potential - As of January 21, 76% of analysts covering Pinterest have a Buy rating, with a median price target of $36, suggesting an upside potential of 43.83% from current levels [3] - Pinterest operates as a visual search and discovery platform, allowing users to find ideas, save, and shop, while offering various advertising products [3]

Core Viewpoint - Growth stocks are leading the market and present attractive investment opportunities, with specific recommendations for five stocks to consider for a growth-focused portfolio. Group 1: Nvidia - Nvidia is a major beneficiary of the AI buildout, holding approximately 90% market share in the GPU space, which is crucial for AI workloads [2] - The company’s CUDA software platform and NVLink interconnect system provide a competitive advantage, particularly in large language model training [2] - Current market capitalization is $4.5 trillion, with a gross margin of 70.05% [3][4] Group 2: Alphabet - Alphabet operates its own AI data center and has a complete AI tech stack, including custom AI chips for training its leading LLM, Gemini [5] - The integration of Gemini across its products, including Google Search, has led to increased queries and revenue [6] - Google Cloud's revenue grew by 34% last quarter, indicating strong operating leverage and demand for its Tensor Processing Units (TPUs) [6] Group 3: Pinterest - Pinterest is currently valued at a forward P/E ratio of around 12.5 and has experienced a revenue growth of 17% last quarter [6] - The company is transforming into an AI-powered discovery shopping platform, enhancing its visual search capabilities [6][8] - Its Performance+ suite aids advertisers in creating effective campaigns and improving targeting [8] Group 4: Toast - Toast is a significant player in the SaaS space, providing software solutions for small- and midsized restaurant operators [9] - The company reported a 30% increase in annual recurring revenue (ARR) last quarter, with a 23% rise in new locations using its services [10] - Toast is poised for further growth as it expands into larger chains and international markets [10] Group 5: e.l.f. Beauty - e.l.f. Beauty has gained market share in the mass-market cosmetics sector and continues to expand internationally [11] - The acquisition of the Rhode brand, which achieved over $200 million in sales in under three years, is expected to drive significant growth [13][14] - The brand's recent launch in LVMH's Sephora presents a substantial opportunity for increased distribution and brand awareness [14]