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Investors looking for alternative ways to play artificial intelligence may want to keep an eye on an innovative software company, according to Bank of America. " GitLab offers a rich platform built on top of its leading Source Code Management solution that is vitally important to developers," wrote analyst Koji Ikeda, in a Tuesday note. "Furthermore, GitLab is focused on capitalizing on AI, which is accelerating the number of digital experiences (and source code) being created." Over the medium term, Ikeda said he sees continued source code management improvements, new security features and the expansion of AI-powered offerings as critical to GitLab's growth. GTLB 6M mountain GitLab shares over the past six months.
Persons: Koji Ikeda, Ikeda Organizations: Bank of America
Like other coral reefs, over the last few decades, this vibrant ecosystem has been suffering from the effects of climate change, with the National Oceanic and Atmospheric Administration recently reporting a fourth global mass bleaching event – the second in the last decade. Bleaching happens when the corals become stressed due to changes in their environment and expel the colorful algae living on them. University of MiamiIn partnership with the city of Miami Beach, two hybrid reefs were deployed in March 2023. Coral gardeningLirman’s team has been growing and testing coral colonies at the university for more than 15 years. A global problemOcean ecosystems are declining and suffering around the world, Lirman says.
Persons: , Diego Lirman, Lirman, ” Lirman, , Emily Esplandiu, they’ve, “ We’re Organizations: CNN, Miami, National Oceanic, Atmospheric Administration, University of Miami, North Miami Beach, International Maritime Organization, Miami Beach, Dade, US Department of Defense Locations: Miami Beach , Florida, North Miami, Miami Beach, Miami
"These numbers on abortion have gigantic implications for just about every large company in America," said Cyrus Beschloss, the CEO of The Generation Lab. The CNBC/Generation Lab survey was conducted between April 26 and May 2, and has a margin of error +/- 3.1%. Sour on the economyThe survey also found that respondents had a negative opinion of an economy many would consider robust. The survey showed that 54% of respondents feel inflation impacts them the most in "the cost of food." Offered two options of how the government should proceed with TikTok, a large majority — 70% — of survey respondents said it should "allow TikTok to keep operating as usual."
Persons: Elijah Nouvelage, Cyrus Beschloss, they're, Roe, Wade, Jerome Powell, Powell, Delano Saporu, Saporu, Joe Biden, Steve Cohen, workweek, Kennedy, Biden, Donald Trump, Daniel Steinle Organizations: Emory University, AFP, Getty, CNBC, U.S, Federal Reserve, New Street Advisors, Congress, New York Mets, Biden, Trump, Bloomberg Locations: Atlanta , Georgia, USA, America, Washington, U.S, Waukesha, Waukesha , Wisconsin
A person walks by Bored Ape Yacht Club NFT characters inside Radio City Music Hall during the 4th annual NFT.NYC conference on June 21, 2022 in New York City. Yuga Labs, the creator of the viral Bored Ape Yacht Club non-fungible tokens, announced a new round of layoffs on Friday as the NFT frenzy appears to cool. But despite Bored Ape Yacht Club's substantially lower floor price, the NFT market is still showing some signs of life. How YugaLabs got startedYugaLabs' Bored Ape Yacht Club collection launched in April 2021 with 10,000 NFTs depicting the cartoon apes with various colors, clothing and facial expressions. The startup went on to release several other NFT collections, including Mutant Ape Yacht Club and CryptoPunks.
Persons: Greg Solano, Justin Bieber, Paris Hilton, Sotheby's, YugaLabs Organizations: Radio City Music Hall, Yuga Labs, ETH, Yacht, CryptoPunks Locations: New York City
But Secretlab's Magnus Pro Standing Desk solves this problem and then some. Here's why the Secretlab Magnus Pro is one of our picks for the best standing desks you can buy. Secretlab Magnus Pro The Magnus Pro has incredibly thoughtful cable management and supportive add-ons that make it a great choice for gamers, streamers, and anyone who uses multiple monitors and accessories. Sarah Saril/InsiderIt's important to note that the Magnus Pro takes some time and energy to put together. Sarah Saril/InsiderThere's no denying that the Secretlab Magnus Pro is one of the priciest standing desks you can buy.
Persons: Secretlab's Magnus, I've, Secretlab Magnus Pro, Magnus Pro, Magnus, Sarah Saril, it's, you've, Secretlab, Magnus Pro XL, It's Organizations: Business, Magnus Pro XL, Secretlab, Cable, Magnus, Magnus Pro, Magnetic Cable
Cramer's Lightning Round: Palo Alto Networks is a buy
  + stars: | 2024-04-04 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon GitLab's year-to-date stock performance. Stock Chart Icon Stock chart icon Snap's year-to-date stock performance. Stock Chart Icon Stock chart icon Blackstone's year-to-date stock performance. Stock Chart Icon Stock chart icon Rocket Companies' year-to-date stock performance. Stock Chart Icon Stock chart icon Palo Alto Networks' year-to-date stock performance.
Persons: Snapchat, Blackstone, I'm, Jim Cramer's Organizations: Companies, Rocket, Palo Alto Networks
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "Target's inventories were very low," Jim Cramer said. "If this stock comes in, you really want to buy it," Cramer said. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Nvidia, the leading maker of AI chips. AeroVironment : Shares surged 28% after the maker of drones reported earnings per share that nearly double estimates and issued a strong forecast.
Persons: Jim Cramer's, Jim Cramer, That's, I've, Cramer, Tesla, They're Organizations: CNBC, Club, Bloomberg News, AMD, Biden, Cramer's Charitable Trust, Nvidia Locations: Cramer's, China
Estimated to cost at least $3 billion, the project DUNE (Deep Underground Neutrino Experiment), is led by scientists at the US Department of Energy's Fermilab. AdvertisementCavern excavation at the Sanford Underground Research Facility in South Dakota began in 2017. The beam will then travel underground for 800 miles to the detectors at the South Dakota Sanford Underground Research Facility. The Sanford Underground Research Facility is located at a former gold mine. Stephen Kenny, Sanford Underground Research FacilityIn 1987, astronomers witnessed a bright supernova exploding closer than any had in about 400 years.
Persons: , Mary Bishai, Reidar Hahn, Bishai, Matthew Kapust, Stephen Kenny, Maximilien Brice, Albert Einstein's, Jim Shultz, It's Organizations: Service, US Department of Energy's Fermilab, Sanford Underground Research, South Dakota Researchers, Fermilab, South Dakota Sanford Underground Research, CERN, Japan Proton Accelerator Research, PARC, European Organization for Nuclear Research, Scientific Locations: Illinois, South Dakota, Chicago , Illinois, Minnesota, Fermilab, South
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion. Year over year, Rocket Lab's fourth-quarter net loss widened by about 36% as the company continues to spend heavily to create its Neutron rocket. Shares of Rocket Lab slipped 5% in after-hours trading from its close at $4.71. Rocket Lab forecast first-quarter revenue between $92 million and $98 million.
Persons: Peter Beck Organizations: Revenue, LSEG, Space Development Agency, Rocket Locations: New Zealand
Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. The company previously said it expects to return a few kilograms of manufactured material on the W-1 mission.
Persons: Varda Organizations: Federal Aviation Administration, Air Force's Utah, FAA Locations: Utah, United States
Some people say they use recordings of random Zoom meetings they found on YouTube to look busy. "This meeting has been of more use to me than any other meeting at work," read one YouTube comment. AdvertisementPeople trying to dodge work and avoid small talk have been turning to an unlikely tool — pretending to be in a meeting by playing Zoom recordings they found on YouTube. In 2020 and 2021, organizations like the software company GitLab and the City of Santa Fe uploaded videos of their Zoom meetings on YouTube. Students are also using Zoom recordings of online classes to escape their parents.
Persons: , could've, It's, Patrick Eagan Organizations: YouTube, Service, City of, BI, Santa Fe, Thomas More College Locations: City, City of Santa Fe, Santa
Rocket Lab — The stock rose around 1% after Citi reinstated coverage with a buy rating. Lowe's — The home improvement retailer added 1.7% after JPMorgan raised its rating on shares to overweight from neutral. Urban Outfitters — Shares rose more than 2% after an upgrade from UBS ahead of the retailer's fourth-quarter earnings release slated for this month. On Monday, Bank of America Securities reiterated a neutral rating on the stock, but noted leadership has "the playbook to turn things around." Marqeta — Shares of the card issuing technology company rose 6.5% premarket after a Bank of America upgrade to buy from neutral on Monday.
Persons: Hershey, Morgan Stanley, Jason Gursky, Piper Sandler, Lowe's, XPO, BofA, CNBC's Michelle Fox, Sarah Min, Tanaya Macheel Organizations: Citi, Space Development Agency, U.S ., Teva Pharmaceutical Industries, JPMorgan, Federal Reserve, UBS, Barclays, New York Community Bancorp, Bank of America Securities, Bank of America
Tokyo, Japan CNN —When art collective teamLab opened its flagship Tokyo venue, teamLab Borderless, in 2018, the group wanted it to fundamentally change the way we perceive and think about modern art. teamLab Borderless TokyoSo, it’s perhaps no surprise that a significant amount of hype surrounds the grand return of Borderless, which reopens this week in an upmarket new high-rise in Tokyo’s Azabudai district. teamLab Borderless TokyoKudo’s rhetorical style is circuitous, which is apt in a venue that eschews a linear approach to museum design. teamLab Borderless TokyoWandering around Borderless is more like “shinrin-yoku,” the Japanese art of forest bathing, whereby you let your body react to its environment so that it subconsciously directs your movements. teamLab Borderless TokyoThere may be no centerpiece at Borderless, but when another teamLab member, Sakurako Naka, opened a curtain to the new “Light Sculpture” series, she said the collective is “super excited” about this one.
Persons: teamLab Borderless, Takashi Kudo, , , , teamLab, motioning, There’s, Sakurako, Kudo Organizations: Japan CNN, Google, CNN Locations: Tokyo, Japan, Beijing, Melbourne , New York, London, Singapore, Taipei, Tokyo’s Azabudai district, ichi, Sakurako Naka
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a press release, Volkswagen said its new AI lab will serve as a "globally networked competence center and incubator" to produce proofs of concept in the field of the tech surrounding automotive innovations. AI labs are research and development hubs for exploring artificial intelligence breakthroughs. Volkswagen claimed it would bring its lab's AI innovations to its own vehicles to make them smarter.
Persons: Google's, Oliver Blume Organizations: Volkswagen, Microsoft, Volkswagen Group, Porsche AG, Benz
An artist's rendering of the Starlab space station in low Earth orbit. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies' developing both spacecraft announced on Wednesday. Starlab represents one of the earliest commercial customers to order a Starship launch from SpaceX. The station is one of several currently in development by U.S. companies, as NASA prepares to retire the International Space Station in 2030. The space station's four-year development and construction timeline also gives SpaceX time to move forward with Starship, advancing from demonstration flights to launching customer spacecraft.
Persons: Starlab, Hilton – Organizations: Voyager Space, Airbus, Northrop Grumman, SpaceX, NASA, Space Station, Voyager Locations: U.S
GitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street. Here's how the company did, compared with consensus of estimates among analysts polled by LSEG, formerly known as Refinitiv:Earnings: 9 cents per share, adjusted, vs. loss of 1 cent per share expected. 9 cents per share, adjusted, vs. loss of 1 cent per share expected. Revenue: $149.7 million, vs. $141.5 million expected. Excluding the after-hours move, GitLab stock is up 16% so far this year, while the S&P 500 stock index has gained 19% over the same period.
Persons: Wall, GitLab, Brian Robins, Sid Sijbrandij, GitLab's, Robins, Sijbrandij, LSEG Organizations: LSEG, Revenue, Microsoft, Amazon Web Services, AWS
Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.
Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China
Rocket Lab shares have the potential to take off, according to Bank of America. Analyst Ronald Epstein reiterated his buy rating on the space stock while shaving his price target down by $2 to $10. Epstein's new price target implies the stock could soar 134.2% from Monday's close. After investigating the September mid-flight failure of its Electron rocket, Rocket Lab is aiming to get its launch business back on track by the end of the year. The analyst's price target cut followed a reassessment of the discount rate following the Electron launch snafu.
Persons: Ronald Epstein, Epstein, Bank of America's Epstein, Epstein doesn't, CNBC's Michael Bloom, Michael Sheetz Organizations: Bank of America, Bank of, MDA Locations: Monday's
That means these Secretlab Cyber Monday deals are your chance to save big on popular high-quality products we've tested and reviewed. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. Overall, the best Secretlab Cyber Monday deals include:To get the latest on all of the best sales, check out our guide to the best Cyber Monday deals. Keep reading below for more in-depth information on what we consider the best Secretlab Cyber Monday deals. Secretlab Titan Evo gaming chair dealSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”.
Persons: that's, We've, it's, I've, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Evo, Titan Evo, Secretlab Magnus Pro, Secretlab's, Magnus Pro, Tech
University of Florida's Croc Docs are a team of biologists who study crocodilians and other reptiles. Mazzotti has spent the decades since studying crocodiles, alligators, and many other reptile species in Everglades National Park and beyond. The Croc Docs' work includes monitoring alligators and crocodiles to see how they are responding to Everglades restoration. University of Florida's Croc DocsOne of the Croc Docs' latest successes has been nearly eradicating invasive caimans from south Florida. Many of the species the Croc Docs deal with, like Burmese pythons, are rare and incredibly cryptic, with a very low probability of actually being spotted.
Persons: Frank Mazzotti, Doc, , hadn't, Mazzotti, feasted, He's, Elizabeth Sutton, they've, it's, William Whelpley, Analise, There's Organizations: Florida's, Service, University of Florida, Sports Illustrated, Business, University of Florida's, of Florida's, Docs Locations: Florida, Caribbean
The technological feat, using NASA's Psyche probe, broke new ground for deep space communications. AdvertisementNASA has achieved a world-first after sending a laser-beamed message to Earth from nearly 10 million miles away within 50 seconds. While the space agency has long been able to communicate with spacecraft using radio waves, it had never before been able to send information using lasers from that far into space. The feat, achieved using NASA's Deep Space Optical Communications (DSOC) experiment on board the Psyche spacecraft, could someday allow humans to stream video calls on Mars. The spacecraft then beamed back information using its laser.
Persons: , Lacey Young, Peter Rubin, Abi Biswas, Biswas, Trudy Kortes, Psyche Organizations: NASA, Service, Optical Communications, Jet Propulsion, Hale, JPL, Caltech, Arizona State Univ, Systems, ASU, Technology, Space Technology Locations: Wrightwood , California, San Diego County , California, Arizona, Palomar
The discounts include:The discount on the Titan Evo is by far the standout of this sale. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. The Secretlab Titan Evo has become the industry standard for an ergonomic and customizable gaming chairSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”. Read our full Secretlab Titan Evo review for all the details of what we love about this chair. Like the Titan Evo chair, the Magnus Pro desk offers tons of customization options, including a track for multiple monitor arms, app-controlled lighting, and full height adjustment up to 49.2 inches.
Persons: that's, I've, Secretlab's, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Business, Titan Evo, Secretlab's Magnus Pro, Secretlab's, Magnus Pro Locations: Secretlab
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that saw continued strength in its space systems division. Rocket Lab expects to resume Electron launches as soon as Nov. 28, with a mission for Japanese satellite imagery company iQPS. For the fourth quarter, Rocket Lab expects revenue between $65 million and $69 million, with just $16.5 million in revenue from its launch business. With its Electron launches expected to resume, Rocket Lab sees first quarter 2024 revenue climbing to between $95 million and $105 million.
Persons: Peter Beck, Beck Organizations: Rocket, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, LSEG, Revenue, Wall Street, Lab Locations: Washington ,
OpenAI is calling the customized AI apps "GPTs", which the company said are early versions of AI assistants that perform real-world tasks, such as booking flights, on behalf of a user. In addition to GPTs, OpenAI also released a slew of developer-focused updates, including significant cost slashing, an announcement met with loud cheers from the audience. For its 2 million developers, OpenAI announced a new GPT-4 Turbo model, which compared to its predecessor GPT-4 is several orders of magnitude cheaper and processes much more data. It also launched a beta program for developers to fine-tune GPT-4 models. To address the concerns of big enterprises, OpenAI launched its Custom Models program, offering to create custom GPT-4 models at an "expensive" price.
Persons: OpenAI, Sam Altman, Altman, It's, you'll, Flo Crivello, Crivello, Lindy, Satya Nadella, Krystal Hu, Anna Tong, Paul Simao, Stephen Coates Organizations: FRANCISCO, Anthropic, Google, Microsoft, Thomson Locations: San Francisco, OpenAI
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday. The Federal Aviation Administration, which is overseeing Rocket Lab's failure investigation, authorized the company to resume Electron launches from its facility in New Zealand. Rocket Lab stock rose about 5% in after-hours trading from its close at $4.09 a share. Rocket Lab is scheduled to report third-quarter results after markets close Nov. 8.
Persons: Peter Beck Organizations: Rocket, Federal Aviation Administration, FAA, SpaceX, CNBC Locations: New Zealand
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