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☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Tesla, Intel, Robinhood & more
▼ + stars: | 2024-05-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Piper Sandler reiterates Nvidia as overweight Piper said it's sticking with its overweight rating heading into earnings next week. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight rating following Netflix's upfront advertising presentation. Our price target moves to $340, reflecting channel commentary and recent multiple appreciation." JMP reiterates Robinhood as market outperform JMP said it's sticking with its market outperform on the stock trading company. "We are upgrading Wayfair Inc. to BUY from HOLD, with a price target of $83."

Persons: Piper Sandler, Piper, NVDA, Blackwell, Wolfe, underperform Wolfe, Houghton, it's, Truist, JMP, Goldman Sachs, Goldman, Dell, DELL, Wells, Jack, Tesla, Raymond James, Wolfe Alpha, SharkNinja, Argus Organizations: Citi, Nvidia, JPMorgan, Netflix, Intel, Energy, Networks, FedEx, UBS, Texas, RBC, Holdings, Devices, Alpha, AMD, " Bank of America, Bank of America, of America, Wayfair Inc Locations: 2H25, Asia, China

☆ Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
▼ + stars: | 2024-05-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Microsoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as Washington cracks down on Beijing's access to the advanced technology. One source told WSJ that Microsoft had made the offer to about 700 to 800 people in total who were involved in machine learning and other work related to cloud computing. In a statement shared with CNBC, a Microsoft spokesperson confirmed that the company had "shared an optional internal transfer opportunity with a subset of employees" without supplying details on the number and affiliation of staff affected. Microsoft employs roughly 7,000 engineers for its Asia-Pacific research-and-development group, with most of this workforce based in China, the WSJ reports. The move comes amid U.S. efforts to prevent China from developing cutting-edge AI technology, which could be used for military purposes.

Organizations: Microsoft, Street Journal, CNBC Locations: China, Washington, U.S, Ireland, Australia, New Zealand, Asia, Pacific

☆ Supreme Court Rejects Challenge to Consumer Watchdog’s Funding
▼ + stars: | 2024-05-16 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court rejected a challenge on Thursday to the way the Consumer Financial Protection Bureau is funded, one that could have hobbled the bureau and advanced a central goal of the conservative legal movement: limiting the power of independent agencies. The vote was 7 to 2, with Justice Clarence Thomas writing the majority opinion. “Under the appropriations clause,” he wrote, “an appropriation is simply a law that authorizes expenditures from a specified source of public money for designated purposes. The statute that provides the bureau’s funding meets these requirements. We therefore conclude that the bureau’s funding mechanism does not violate the appropriations clause.”

Persons: Clarence Thomas, Thomas, ” Organizations: Consumer Financial, Treasury

Launching an offensive into the Kharkiv region, Russian forces quickly advanced several kilometers, managing to reoccupy several villages that were liberated during Ukraine’s successful offensive in September 2022. By threatening Ukraine’s second most populous city, Russia hopes to pin Ukrainian resources in the region, exposing the front elsewhere. While Russia lacks the forces to assault the city itself, the operation is designed to create a dilemma. This risks leaving Ukrainian forces in Donetsk even more vulnerable if Russia commits its reserves in that direction. Russian forces are also applying pressure near Kupiansk, to Kharkiv’s east, and in the southern region of Zaporizhzhia.

Persons: Ukraine’s Locations: Russian, Ukraine, Kharkiv, Russia, Donetsk, Kupiansk, Sumy, Chernihiv

☆ Incident at TSMC’s Semiconductor Plant in Arizona Injures One
▼ + stars: | 2024-05-16 | by ( Meaghan Tobin | More About Meaghan Tobin | ) www.nytimes.com time to read: +1 min

The driver of a waste disposal truck was rushed to a hospital on Wednesday following an incident at the Phoenix campus of the Taiwanese chip giant Taiwan Semiconductor Manufacturing Company, which is under construction. Local media reported that an explosion had occurred that, the company said in a statement, did not damage the facility. The truck driver is a contractor, and no TSMC employees or construction workers were injured, the statement said. TSMC has long dominated the global chip supply chain from its home base in Taiwan. TSMC over the past four years has committed to build new factories in Japan, Germany and Arizona.

Persons: TSMC, Biden Organizations: Phoenix, Taiwan Semiconductor Manufacturing Company Locations: United States, Taiwan, Beijing, TSMC, Japan, Germany, Arizona

☆ A new mantra for AI models: 'good enough' is good enough
▼ + stars: | 2024-05-16 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

In particular, it beat OpenAI's GPT 3.5, a model that was released two years earlier, an eternity in AI years. This new, leaner model will cost users only 35 cents per million tokens, compared with $7 per million for the Gemini 1.5 Pro model. But it remains to be seen if state-of-the-art is actually a good business model. said the founder and CEO of one seed-stage startup that's training new AI models, "but then, you know, as businesses, what you also want to do is what is good enough." As AI models get bigger and gobble up more money and computing resources, there are often diminishing returns in terms of performance.

Persons: —, Databricks, Ali Ghodsi, Ghodsi, Claude, it'll, Morgan Stanley, Martin Kon, Kon, OpenAI Organizations: Service, Business, Companies, Google, Gemini, Microsoft, Apple

☆ With S&P back at new highs, now come the price target and earnings revisions
▼ + stars: | 2024-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.

Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie

☆ Damaging hacks expose the weak underbelly of America’s health care system
▼ + stars: | 2024-05-16 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

Washington CNN —A pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers. Health care lags other industries such as big financial institutions and energy providers when it comes to IT security, according to some experts. The two ransomware attacks hit different nerves of the health care system. Momentum is also growing on Capitol Hill to force health care organizations to meet basic cybersecurity standards. More broadly, the Justice Department last week announced a task force to examine “health care monopolies and collusion” that will guide the department’s approach to “civil and criminal enforcement in health care markets,” where warranted.

Persons: cybersecurity, ” Joshua Corman, Sen, Ron Wyden, ”, cybercriminals, Biden, Anne Neuberger, Mark Warner, ” Carter Groome, Corman, ‘, ” Sen, Marsha Blackburn, Andrew Organizations: Washington CNN, Biden, “ Industry, CNN, Oregon Democrat, ransomware, Change Healthcare, White House, American Hospital Association, Department of Health, Human Services, Virginia Democrat, Healthcare, cybersecurity, Health, Cavalry, UnitedHealth, Optum, Tennessee Republican, Justice Department, UnitedHealth Group, Wall Street, Department Locations: St, Louis, United States, Virginia, Tennessee

☆ Shares of this gene editing company are due to surge more than 45%, Citi says
▼ + stars: | 2024-05-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

After a period of steady underperformance, investors should pick up shares of biotech Prime Medicine as regains the market's favor, according to Citi. Analyst Samantha Semenkow upgraded the preclinical-stage company to buy from neutral and kept her price target of $10 per share, which implies 47.9% potential upside from the stock's latest close. To be sure, Semenkow said she remains cautious on Prime's cash position and expects the Cambridge-based company to need to raise again in the next 12 to 18 months. Ongoing [business development] efforts could provide a source of non-dilutive cash and potential upside to her target price, she added. The company also had significantly more cash and cash equivalents on hand at the end of the previous quarter compared to the end of last year.

Persons: Samantha Semenkow, Semenkow Organizations: Prime Medicine, Citi, and Drug Administration, Cambridge, Research Locations: hematology

We'll show you all of your live streaming options when it comes to how to watch the PGA Championship. Held on the Valhalla Golf Course in Louisville, Kentucky, the PGA Championship has become a staple of the PGA Tour. Keep reading to learn all of your watch options for the PGA Championship, including notable tee times for each day of the tournament. ESPN+ doesn't live stream the ESPN channel, so you'll need to try out a live TV streaming alternative to access this portion of the tournament without cable. Shop at Peacock TVHow to watch the PGA Championship in the UKSky Sports is the British home to PGA Championship live streams.

Persons: it's, Brooks Koepka, Scottie Scheffler, Tiger Woods, Rory McIlroy, There's, Peacock, VPNs, ExpressVPN Organizations: Business, PGA, PGA Tour, ESPN, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount ESPN, Hulu, Disney Plus, ESPN Sling, Sling, Sky Sports Locations: Louisville , Kentucky, British

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Ransom's $10 price target implies about 37.6% potential upside for the stock, which has gained 8.5% this year. Mailk said he likes the buy-rated stock on "secular AI growth opportunities" and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print.

Persons: Jack, Piper Sandler, GoodRx, Raymond James Raymond James, John Ransom, — Pia Singh, Tesla, Dell, Amit Daryanani, Daryanani, Wolfe, Chris Caso, Caso, INTC, Coupang, Jennifer Han, Han, that's, Nvidia's, Piper Sandler's Harsh Kumar, Kumar, Blackwell, Atif Malik, Mailk, Pierre Ferragu, Logan Reich, JACK YTD, Fred Imbert Organizations: CNBC, Nvidia, Wall, RBC, Citi, New, Research, Kroger, pharma, Dell, DELL, Wolfe Research, Intel, UBS, Blackwell, RBC Capital Markets Locations: Korea

☆ Microsoft asks some employees in China to move to other countries
▼ + stars: | 2024-05-16 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

CNN —Microsoft has asked at least 100 of its employees in China to consider moving to other countries, according to Chinese state media reports. Microsoft employees, mostly involved with cloud computing, were recently offered the opportunity to work in the United States, Australia or Ireland, among other countries, state-run outlet The Paper said in a report Wednesday, citing an unnamed source. The Wall Street Journal reported Thursday that Microsoft asked as many as 800 employees — mostly engineers with Chinese nationality working on cloud computing and AI — to consider relocating. In a statement reported by Reuters, Microsoft (MSFT) said providing internal opportunities for some employees was part of its regular business and the company remained committed to China. In recent months, the United States has also enlisted its allies in Europe and Asia in restricting sales of advanced chipmaking equipment to China.

Persons: —, Biden, Joe Biden Organizations: CNN, Microsoft, Street, The, Reuters, Microsoft Research Locations: China, Beijing, Washington, United States, Australia, Ireland, Europe, Asia

☆ How racing driverless cars is pushing autonomous technology
▼ + stars: | 2024-05-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +5 min

He’s been working on robotics since the 1980s, and he’s surprised by how quickly autonomous technology has advanced. He sees this in his day-to-day work at KUCARS, where researchers are working on everything from autonomous cars and drones to marine, agricultural, and manufacturing robotics. There have been other autonomous car races before, but A2RL’s was the first to include a race between four driverless cars, according to organizers. “But it was good to push the community.”Team Polimove competes during the Abu Dhabi Autonomous Racing League. Pushing the technology to the edgeEfforts to set driverless cars loose on public roads have faced setbacks, especially as the result of collisions with unforeseen obstacles.

Persons: Lakmal Seneviratne, He’s, he’s, A2RL’s, ” Seneviratne, Daniil Kvyat, Amr Alfiky, Reuters ‘, Max Verstappen, TUM, Seneviratne, Polimove, Giuseppe Cacace, Simon Hoffman, ” Hoffman, Uber, Hoffman, ” Organizations: CNN, Netflix, P Global Mobility, Khalifa University Center, Autonomous Robotic Systems, Khalifa University, Abu Dhabi Autonomous Racing League, Reuters, Beijing Institute of Technology, Abu, Marina Circuit, Abu Dhabi Grand Prix, Technical University of Munich, Getty, Yas Marina Circuit, Khalifa University of Science Locations: Abu Dhabi, KUCARS, Yas

☆ Why Biden’s monster EV tariffs could inflame a Europe-China trade war
▼ + stars: | 2024-05-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

It’s a very different matter in Europe — by far the biggest export market for Chinese EV manufacturers. EU tariffs could backfireAccording to Citi, the EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China’s EV exports. For BYD, China’s biggest EV maker, the tariffs would likely have to be even higher to be effective, they add. “I’d say we are entering a very tense period in terms of trade interactions and trade defense,” she added.

Persons: Joe Biden, “ I’m, ” Biden, Joseph Webster, Agatha Kratz, Kratz, That’s, Oliver Zipse, ”, Tu Le, “, Josh Lipsky, Juliana Liu Organizations: London CNN, United, EV, European Union, Atlantic Council, EU, CNN, Citi, Capital Economics, BMW Locations: China, America, Europe, United States, It’s, Brussels, “ Brussels, Beijing, subsidization, EU, States, Italy, Hong Kong

☆ Diabetes, Heart Problems and Kidney Disease Are Closely Linked
▼ + stars: | 2024-05-15 | by ( Knvul Sheikh | ) www.nytimes.com time to read: +1 min

Heart disease, diabetes and kidney disease are among the most common chronic illnesses in the United States — and they’re all closely connected. Adults with diabetes are twice as likely to have heart disease or a stroke compared with those who don’t have diabetes. People with diabetes — Type 1 and Type 2 — are also at risk of developing kidney disease. And when the kidneys don’t work well, a person’s heart has to work even harder to pump blood to them, which can then lead to heart disease. syndrome, meaning they have been diagnosed with diabetes, heart disease or kidney disease or are at high risk of developing them, the numbers are still “astronomically higher than expected” said Dr. Rahul Aggarwal, a cardiology fellow at Brigham and Women’s Hospital in Boston and co-author of the study.

Persons: ”, Rahul Aggarwal Organizations: American Heart Association, Brigham, Women’s Hospital Locations: United States, Boston

The National Security Agency collected the intelligence that gave US officials insights into China and Iran’s capabilities in producing deepfakes, one of the sources said. At a briefing last week, FBI officials warned that AI increases the ability of foreign states to spread election disinformation. US officials have maintained a high level of visibility into the AI and deepfake advancements made by countries including China, Iran and Russia since the 2020 election. Nearly 70% of Republicans and Republican-leaners said that President Joe Biden’s 2020 election win was not legitimate, according to a CNN poll released in August. The 2024 US election will present new opportunities for foreign influence operations.

Persons: “, ”, Lee Foster, Foster, ” Foster, leaners, Joe Biden’s, Donald Trump Organizations: CNN, National Security Agency, NSA, Intelligence, US, Labs, “, Republican, Pew Research Center, FBI, Kyiv Locations: China, Iran, Russia, United States, Ukraine, Ukraine –

☆ Stocks making the biggest moves premarket: AMC, GameStop, Boeing, Dell and more
▼ + stars: | 2024-05-15 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

AMC Entertainment , GameStop — AMC and GameStop shares posted fell in early morning trading as momentum fizzled from the meme stock craze , which was reignited Monday by a social media reappearance from "Roaring Kitty." GameStop shares slid 6%. Boeing — The airplane manufacturer's shares slid 1.1% after the Justice Department said Boeing violated a 2021 settlement related to its two fatal 737 Max crashes, exposing the company to potential U.S. prosecution. SunPower — The solar stock dropped 22.3%, giving back some of its 59% surge from the prior session. On Wednesday, however, Wolfe Research downgraded the stock underperform from peer perform, noting SunPower the "most extreme example of the meme stock resurgence" within clean technology names.

Persons: Lien, Max, Nio, Dell, Morgan Stanley, Wolfe, —, Alex Harring, Fred Imbert, Jesse Pound Organizations: AMC Entertainment, GameStop, AMC, Boeing, Justice Department, JPMorgan, White House, Wolfe Research Locations: China

☆ CNBC Daily Open: Nasdaq at record high; Google boosts AI ambitions
▼ + stars: | 2024-05-15 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meme craze coolsShares of GameStop and AMC rose on Tuesday, extending Monday's gains after "Roaring Kitty" made a reappearance. Shares, however, gave up some of their earlier gains, suggesting enthusiasm for the so-called meme stocks was fading. Powell: Inflation falling slowlyFederal Reserve Chair Jerome Powell said inflation was not slowing as quickly as anticipated, requiring the central bank to maintain its current interest rates for longer.

Persons: Jerome Powell, Powell, Australia's, CNBC's Yun Li Organizations: Google Gemini, CNBC, Nasdaq, Dow Jones, Treasury, GameStop, AMC, Biden, Sony, China's CSI, AMC Entertainment Locations: Brussels, Belgium, China, Amsterdam, Asia, Pacific, Hong Kong, South Korea

☆ These strong performers are still cheap as the S&P 500 hits a fresh all-time high
▼ + stars: | 2024-05-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite rallied to all-time highs Wednesday as a lighter-than-expected April consumer inflation report fueled investor sentiment. Analysts' consensus price target on United Airlines give the company the highest potential upside of the lot, at roughly 24%. HSBC analyst Achal Kumar recently initiated coverage on Delta alongside peers United Airlines and American Airlines , but named Delta its preferred stock in the sector. Kumar's $72.80 price target suggests 37% potential upside for the stock. The company posted a strong fiscal third-quarter report, which led Benchmark analyst Mark Miller to upgrade shares to buy last month.

Persons: Achal Kumar, Delta, Kumar, Mark Miller, General Motors Organizations: Nasdaq, Dow Jones, CNBC, Delta Air Lines, United Airlines, HSBC, Delta, American Airlines, Western, Automotive, General, Wall Street, Citigroup, Bank of America Locations: Delta

We've compiled everything you need to know about how to watch Fury vs. Usyk live streams in more than 200 countries. ET / 5 p.m. BSTHow to watch Fury vs. Usyk in the US & CanadaFury vs. Usyk will be available to live stream through DAZN in the US and Canada. So, you'll only need to pay the $69.99 upfront for the Fury vs. Usyk PPV event. How to watch Fury vs. Usyk in 200 other countriesDAZN is available in more than 200 countries. According to DAZN, the Fury vs. Usyk ring walks are expected to start at 6:05 p.m. ET/11:05 p.m. BST.

Persons: Tyson Fury, Oleksandr Usyk, We've, Francis Ngannou, Fury, Usyk, It's, DAZN, ExpressVPN, Jai Opetaia, Mairis Briedis, Joe Cordina, Anthony Cacace, Frank Sanchez, Agit Kabayel, Moses Itauma, Ilja Mezencev, Mark Chamberlain, Joshua Wahab, Sergey Kovalev, Robin Sirwan Safar, Daniel Lapin, Octavio Pudivitr, David Nyika, Michael Seitz, Isaac Lowe, Hasibullah Ahmadi Organizations: Business, UFC, WBC, WBO, WBA, IBF, Canada, & Canada Locations: Saudi Arabia, DAZN, Canada, It's

☆ Premier League clubs to vote on scrapping VAR from next season
▼ + stars: | 2024-05-15 | by ( David Ornstein | ) www.nytimes.com time to read: +8 min

Premier League clubs are set to hold a vote at their annual general meeting next month on a proposal to abolish the video assistant referee (VAR) system from the start of next season. A Wolves statement said the move came “after careful consideration and with the utmost respect for the Premier League, (referees body) PGMOL and our fellow competitors. “However, after five seasons of VAR in the Premier League, it is time for a constructive and critical debate on its future. GO DEEPER Should Premier League clubs vote to scrap VAR? Has VAR worked in the Premier League?

Persons: ”, Shaun Botterill, “, Liverpool’s Luis Diaz, Mikel Arteta, Anthony Gordon’s, —, — PGMOL, Stuart Attwell, Diaz’s, Marc Atkins, Fredrik Reinfeldt, Phil Buckingham, Tony Scholes, Scholes, Johan Lindvall, David Rogers Organizations: Premier League, Wolverhampton Wanderers, —, ” Wolves, Premier, Tottenham Hotspur, Arsenal, Newcastle United, Nottingham Forest, Everton, International Football Association Board, Swedish Football Association, Premier League’s, Allsvenskan, Europe’s, Swedish Professional Football Leagues, Getty Locations: Harrogate, Sweden, —, Russia, “ Sweden

☆ Warren Buffett thinks taxes are on the way up. Why selling stocks in advance may not be a good call
▼ + stars: | 2024-05-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That's because the amount of money that's converted is subject to ordinary income tax – which can be as high as 37%. Even for those who are taxed at a lower rate, a sufficiently large conversion might bump them into a higher tax bracket. Long-term capital gains taxes have three tiers, depending on an investor's income: 0%, 15% and 20%. In a higher tax environment, "tax loss harvesting will become more important, and doing it in a performance-neutral way," said Jerrod Pearce, a certified financial planner and partner at Creative Planning in Overland Park, Kansas. Don't sell highly appreciated assets to generate cash if you're donating to charity.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Trump, Tim Steffen, Baird, Roth, Steffen, that's, Jerrod Pearce Organizations: Creative Planning, Mutual Locations: Berkshire, Washington, Overland Park , Kansas

☆ FDA greenlights self-collection of vaginal samples for cervical cancer screening
▼ + stars: | 2024-05-15 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +6 min

Most cervical cancers are caused by human papillomavirus or HPV, and screening for HPV can help identify women who may be at risk of developing cervical cancer. The US Preventive Services Task Force recommends screening for cervical cancer with cervical cytology every three years for women ages 21 to 29. “Most cervical cancers are found in people who have never had a cervical cancer screening test or who have not had one recently. Screening for cervical cancer remains important because early cases often may not have signs or symptoms. Cervical cancer is treated in many ways, including surgery, chemotherapy and radiation therapy.

Persons: Dickson, BD –, Dr, Karen E, Knudsen, “, Jeff Andrews, ”, Roche, ” Dr, William Dahut, Sanjay Gupta, ” Trena Depel Organizations: CNN, US Food and Drug Administration, Roche, Company, BD, FDA, American Cancer Society, US Preventive Services Task Force, National Cancer Institute, US Centers for Disease Control, ”, CNN Health, Health, Teal Health Locations: United States

☆ Dell surges 9% on optimism it has secured big AI server orders
▼ + stars: | 2024-05-15 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Dell is seeing accelerating momentum, especially in winning business to build AI servers, unlocking a new bull case for the stock, Morgan Stanley analyst Erik Woodring wrote in a note on Wednesday. "All-in, we are hearing about more AI server momentum at Dell than at any other OEM," Woodring wrote, saying that he expected about $10 billion of AI server revenue in the company's fiscal 2025 — ending next February. Most AI servers are built around Nvidia's chips which have become prized in the technology industry because they are used to build and deploy advanced AI models from companies like Google , OpenAI and Meta . Dell sells servers using the newest Nvidia AI chips, including its H100 GPU and the latest Blackwell-generation chips. But the PC industry is on course to grow again and is outperforming lowered expectations, Woodring wrote, which will benefit Dell.

Persons: Michael Dell, Morgan Stanley, Erik Woodring, Woodring, Wednesday's, Jensen Huang, Huang, Michael, Dell Organizations: Dell Technologies, Mobile, Dell, Hewlett Packard Enterprise, Google, Meta, Blackwell, Nvidia, Microsoft Locations: Barcelona, Spain

☆ CNBC Daily Open: Nasdaq closes at record high; Google launches new AI model
▼ + stars: | 2024-05-15 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq rose to a record close, while the Dow Jones Industrial Average added 126 points. Meme craze coolsShares of GameStop and AMC rose on Tuesday, extending Monday's gains after "Roaring Kitty" made a reappearance. Shares, however, gave up some of their earlier gains, suggesting enthusiasm for the so-called meme stocks was fading. Powell: Inflation falling slowlyFederal Reserve Chair Jerome Powell said inflation was not slowing as quickly as anticipated, requiring the central bank to maintain its current interest rates for longer.

Persons: Jerome Powell, Alibaba, Powell, CNBC's Yun Li Organizations: CNBC, Nasdaq, Dow Jones, Treasury, GameStop, AMC, Biden, AMC Entertainment Locations: Hangzhou, New York, China, Amsterdam

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