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☆ Nvidia's rally will run out of steam next year as the chip giant's customers become competitors, analyst says
▼ + stars: | 2024-05-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The DA Davidson analyst has predicted as much as a 20% decline in Nvidia stock by the end of the year. Nvidia's largest customers could turn into competition as they develop their own AI chips, Luria warned. AdvertisementMost of Nvidia's business comes from its five largest customers, Luria said, which include Amazon, Meta, Microsoft, Alphabet, and Tesla. And while some of Nvidia's customers are stockpiling its GPUs, demand is bound to run out eventually, Luria previously told Bloomberg, as firms can only accumulate so many chips. AdvertisementLuria has among few forecasters who are bearish on Nvidia stock.

Persons: Gil Luria, Davidson, Luria, —, BNN, That's Organizations: Service, Nvidia, BNN Bloomberg, Meta, Microsoft, Tesla, Apple, Bloomberg

☆ Tesla can turn around its 'trainwreck' quarter if Elon Musk stops his distractions and takes back control, Wedbush's Dan Ives says
▼ + stars: | 2024-04-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Elon Musk could turn around Tesla's 'trainwreck into a brick wall," Wedbush's Dan Ives said. But better days ahead will hinge on Musk reining in his distractions and retaking control, Ives said. AdvertisementTesla may be able to turn things around after seeing a "nightmare" first quarter, according to Wedbush's Dan Ives. That's made the first quarter an "unmitigated disaster" for Tesla, Ives said in a recent note, also describing the last quarter as a "black eye" and a "trainwreck into a brick wall" for Tesla. In terms of 1Q, this was just a massively soft quarter," Ives said to BNN Bloomberg on Wednesday.

Persons: Elon, Wedbush's Dan Ives, Tesla, Ives, —, That's, We've, BNN, It's, Elon Musk's, Musk, Wedbush, Wells Organizations: Service, Tesla, BNN Bloomberg, Elon, JPMorgan Locations: China, Texas, Delaware, Wells Fargo

In an internal memo to Bell Media employees, it said news stations such as CTV and BNN Bloomberg would be affected immediately. The radio stations being sold are in British Columbia, Ontario, Quebec and Atlantic Canada. The memo, signed by Dave Daigle, vice-president of local TV, radio and Bell Media Studios, and Richard Gray, vice-president of news at Bell Media, said weekday noon newscasts at all CTV stations except Toronto would end. It is also scrapping its 6 p.m. and 11 p.m. newscasts on weekends at all CTV and CTV2 stations except Toronto, Montreal and Ottawa. Fewer than 10% of the total job cuts are at Bell Media specifically.

Persons: BNN, Dave Daigle, Richard Gray, Bell, Mirko Bibic, Bibic, ” Organizations: TORONTO, —, Bell Media, CTV, BNN Bloomberg, Bell Media Studios, Inc, Bell, CTV National News, CTV News Locations: British Columbia, Ontario, Quebec, Atlantic Canada, Toronto, Montreal, Ottawa

☆ Investors are making the same mistake they made during the dot-com and housing bubbles, analyst says
▼ + stars: | 2023-08-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Investors are so excited about stocks that they're missing the bigger, grimmer economic picture. Danielle DiMartino Booth said the complacency reminded her of the dot-com and housing bubbles. She pointed to a surge in bankruptcies and mounting pressures in the bank and real estate sectors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. DiMartino Booth has made it clear she's in the latter camp for now.

Persons: Danielle DiMartino Booth, We're, BNN, DiMartino Booth, Biden, Sam, Jeremy Siegel, Paul Krugman, David Rosenberg, Jeremy Grantham Organizations: Service, QI Research, BNN Bloomberg, Nasdaq, Dallas Fed, Federal Reserve Locations: Wall, Silicon

☆ Stocks will plunge back into a bear market when recession hits - even if it's a mild one, top economist David Rosenberg says
▼ + stars: | 2023-06-23 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

A recession will surely hit the US economy and stocks will plunge back into a bear market then, David Rosenberg said. "The compounding effect of even a mild recession on earnings and what it does to the multiple will still lead you into a fundamental bear market," he told BNN Bloomberg. Rosenberg warned that cracks were beginning to appear in the US labor market. "You're going to hear a lot of this hand-holding, 'don't worry, it's going to be a mild recession, it's going to be a shallow recession.' Ultimately you're paying for earnings, not GDP anyways, and the compounding effect of even a mild recession on earnings and what it does to the multiple will still lead you into a fundamental bear market," Rosenberg told the outlet.

Persons: David Rosenberg, BNN, Rosenberg, — Organizations: BNN Bloomberg, Service, Rosenberg Research, Federal Reserve

☆ Top economist David Rosenberg predicts US inflation will plummet below 3% next year - and warns the Fed's rate hikes are courting disaster
▼ + stars: | 2022-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The Fed is fighting inflation too hard as price pressures are fading, David Rosenberg said. The Rosenberg Research chief expects inflation to drop from over 8% to below 3% in the next year. Rosenberg warned that if the Fed keeps tightening its monetary policy, it could tank house prices and spark a credit crunch in the banking sector. He suggested the Fed has a "once burnt, twice shy mentality" after reacting too slowly to the inflation threat, and may have overcorrected as a result. Notably, Rosenberg warned investors not to expect stocks to rebound instantly once the Fed starts easing its policies again.

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