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☆ Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
▼ + stars: | 2024-04-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +16 min

David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.

Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio

☆ When our modern-day DaVinci speaks, I listen. Here's what I plan to do when Nvidia CEO Jensen Huang steps up to the mic this week
▼ + stars: | 2024-03-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +15 min

I think Jensen deserves one day a year when he can trace out a vision without a per share attached to it. Sure, plenty of people in line Saturday would, correctly I think, say to "own it, don't trade it." Sure, I was sweating "own it, don't trade it." And, can you imagine if you owned but didn't trade Intel from 1990 to 2000? (Don't tell current Intel CEO Pat Gelsinger, who thinks it is still alive.)

Persons: Lisa, Jensen Huang, Jensen, Lisa Su, Andy Grove, Elon Musk, he's, what's, We've, heaven's sakes, Sam Altman, Jensen's, —, Gordon Moore, Robert Noyce, Intel's, Noyce, blowhard, Pat Gelsinger, Enrique Lores, it's, He's, Frank Slootman, Jensen demurred, Frank, AMD's Su, It's, Colette Kress, Jim Cramer's, Jim Cramer, Jim Organizations: Palm, Wine, Club, Nvidia, New Yorker, Devices, Tesla, heaven's, OpenAI, Intel, IBM, HP, AMD, CNBC Locations: Florida, San Francisco, New

Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.

Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ 'Mispriced' stocks like this solar name are too attractive to ignore, Bank of America says
▼ + stars: | 2023-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earlier this week, however, the bank lifted its rating to buy from neutral, saying ESAB is too attractive to ignore. "In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst," El-Sabbahy wrote. First Solar Analyst Julien Dumoulin-Smith is getting increasingly bullish on shares of the solar company. ESAB "ESAB is executing better than expected (leverage falling, margin expanding, growth outperforming) and we have a renewed appreciation of its portfolio. In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst."

Persons: ESAB, Sherif El, Sabbahy, Julien Dumoulin, Smith, BofA, FSLR, Didier Scemama, ASML, Scemama, mgmt, RMD Organizations: of America, CNBC Locations: Swedish, GLP

☆ Elon Musk privately pondered whether it was worth spending so much time focused on Twitter amid the threat of AI: 'It's not like I need to be richer or something'
▼ + stars: | 2023-09-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Walter Isaacson said Elon Musk considered spending less time at Twitter to focus on AI and SpaceX. "With AI coming, I'm sort of wondering whether it's worth spending that much time thinking about Twitter," Isaacson said Musk told him in March at a meeting between the biographer, Musk, and a Neuralink director who gave birth to two of his children. Isaacson said Musk first discussed his plans to build an AI company at the March meeting. The biographer said Musk told him he plans to run the company himself. It is one of six companies, including Tesla, SpaceX, and X, that Musk is helping to lead.

Persons: Walter Isaacson, Elon Musk, Musk, Walter Isaacson's, ChatGPT, Isaacson, Tesla, Linda Yaccarino, Insider's Kali Hays Organizations: Twitter, SpaceX, Service, Bloomberg Locations: Wall, Silicon

And that $1 trillion of data centers is in the process of transitioning into accelerated computing and generative AI. Additionally, Nvidia announced AI-ready servers to support the VMware Private AI Foundation and help businesses customize and deploy generative AI applications using their proprietary data. Shares of AMD have also surged higher in this year's AI trade, though the role the company plays in the field is less clear. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jensen Huang, Huang, ChatGPT, Nvidia's Huang, It's, We've, Grace Hopper Superchip, it's, hyperscalers, Jim Cramer, Jim, Eduardo MunozAlvarez Organizations: Broadcom, Jim Cramer's Charitable Trust, Devices, AMD, Moore's, Microsoft, Broadcom's, VMWare, VMware, Nvidia, AI Foundation, U.S . Federal Trade Commission, Intel, Tower Semiconductor, ARM, CNBC, View, Getty Locations: China

☆ This A.I. leader has nearly tripled this year. Wall Street can't stop raving about it and neither can we
▼ + stars: | 2023-06-20 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The stock has basically tripled year to date in the artificial intelligence-driven enthusiasm that has recently been gripping Wall Street. The analysts also increased their price target to $500 per share from $472 following discussions with CFO Colette Kress at a recent conference. Bernstein appears to echo this near-term bullish view on Nvidia, reiterating its outperform (buy) rating and $475-per-share price target. Evercore derived its price target by assuming 25x that $30 figure and discounting back to calendar year 2024, using a 10% discount rate . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jefferies, Colette Kress, Bernstein, —, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nvidia, supercomputing, Enterprise, Moore's, CNBC, NVIDIA Locations: Santa Clara , California

☆ Jim Cramer: An economic wave is about to hit that will be fantastic for investors
▼ + stars: | 2023-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94
▼ + stars: | 2023-03-25 | by ( Noel Randewich | ) www.reuters.com time to read: +5 min

SAN FRANCISCO, March 24 (Reuters) - Intel Corp (INTC.O) co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel and Moore's family philanthropic foundation said he died surrounded by family at his home in Hawaii. In recent years, Intel rivals such as Nvidia Corp (NVDA.O) have contended that Moore's Law no longer holds as improvements in chip manufacturing have slowed down. He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

☆ Intel co-founder Gordon Moore, creator of 'Moore's Law,' dies at 94
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: +2 min

Intel co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel and Moore's family philanthropic foundation said he died surrounded by family at his home in Hawaii. Co-launching Intel in 1968, Moore was the rolled-up-sleeves engineer within a triumvirate of technology luminaries that eventually put "Intel Inside" processors in more than 80% of the world's personal computers. In recent years, Intel rivals such as Nvidia have contended that Moore's Law no longer holds as improvements in chip manufacturing have slowed down. But despite manufacturing stumbles that have caused Intel to lose market share in recent years, current Chief Executive Pat Gelsinger has said he believes Moore's Law still holds as the company invests billions of dollars in a turnaround effort.

☆ 10 stocks that are gaining market share for their disruptive innovations like AI, according to a portfolio manager
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

AI can be placed under the broad category of disruptive technology, which refers to innovations that change consumers' habits and displace old markets. Then, you have public cloud infrastructure that connects it all together, such as Amazon Web Services or the Google Compute Engine which provides infrastructure as a service (IaaS). For this reason, instead of taking the approach of creating something as narrow as an AI ETF, the ETF is focused on anything that signals disruption to an entire industry and changes the status quo. They have a "tremendous" market share in AI applications, and companies are hungry for their products, he noted. Analog Devices (ADI) provides technology that can translate atmospheric information into digital data to mean something to the hardware.

Powering AI Dungeon's text-generation software was the GPT language technology offered by the Microsoft -backed AI research lab OpenAI. The high cost of training and "inference" — actually running — large language models is a structural cost that differs from previous computing booms. Many entrepreneurs see risks in relying on potentially subsidized AI models that they don't control and merely pay for on a per-use basis. Companies making the foundation models, semiconductor makers, and startups all see business opportunities in reducing the price of running AI software. "Latitude is going to continue to evaluate all AI models to be sure we have the best game out there."

☆ How AMD became a chip giant and leapfrogged Intel after years of playing catch-up
▼ + stars: | 2022-11-22 | by ( Katie Tarasov | ) www.cnbc.com time to read: +6 min

After AMD and Intel parted ways, AMD reverse engineered Intel’s chips to make its own products that were compatible with Intel’s groundbreaking x86 software. Intel sued AMD, but a settlement in 1995 gave AMD the right to continue designing x86 chips, making personal computer pricing more competitive for end consumers. For those, AMD turned to Taiwan Semiconductor Manufacturing Co., which now makes all of AMD’s most advanced chips. AMD’s data center customers include Amazon Web Services, Google Cloud, Oracle, IBM and Microsoft Azure. And so now it suddenly makes sense to do more customized solutions.”Former Xilinx CEO Victor Peng and AMD CEO Lisa Su on stage in Munich, Germany, at the AMD

☆ Nvidia's quarter fails to excite but offers enough hope that October's bottom can hold
▼ + stars: | 2022-11-16 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That said, encouragingly, the team expects Gaming inventory levels to approach normal levels as we enter calendar year 2023. Fourth quarter guidance was underwhelming, but it was encouraging to hear management say they expect to see sequential growth in Data Center, Gaming, and Automotive. Segment Q3 sales Data Center revenue grew 31% to $3.83 billion, a tad short versus the $3.84 billion consensus. Gaming revenue fell 51% to $1.57 billion, but it was better than expectations of $1.33 billion. Capital Allocation In its fiscal third quarter, Nvidia returned a total of $3.75 billion to shareholders via dividends and buybacks.

☆ Read the pitch deck the chiplet startup Eliyan used to raise $40 million from investors like Tracker, Intel, and Micron
▼ + stars: | 2022-11-15 | by ( Jacob E. Robbins | ) www.businessinsider.com time to read: +3 min

Eliyan raised a $40 million Series A round led by Tracker Capital, Intel, and Micron. Eliyan, a startup in Santa Clara, California, is making technology allowing chips to interconnect, is trying to address that problem and raised a $40 million Series A round on Tuesday led by Tracker Capital, Intel, and Micron. Since the semiconductor industry is long entrenched, Farjadrad knows convincing more big players to adopt Eliyan's technology will be important. "We created a lot of excitement in these companies," Farjadrad said. Read the 19-slide pitch deck Eliyan used to raise a $40 million Series A:

☆ Intel says Moore's Law is still alive and well. Nvidia says it's ended.
▼ + stars: | 2022-09-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. Two of the most important American semiconductor companies disagree about the pace of chip advancements and whether Moore's Law still applies. Intel CEO Pat Gelsinger said on Tuesday at a company launch event that Moore's Law, a rule of thumb from Intel's founder dating back to the 1960s, is "alive and well." Co-founder and CEO Jensen Huang said last week that Moore's Law has ended. "The method of using brute force transistors and the advances of Moore's law has largely ran its course," Huang told investors after unveiling new products.

Sam Zeloof, 22, made a chip with 1,200 transistors from homemade equipment in his parents' garage. The American wants to make chips more accessible, according to Ars Technica. Zeloof has his sights set on 2,300 transistors, the number used in Intel's 1971 4004 chip which was used in things like calculators. Aware that he lacked the facilities of big production companies, Zeloof turned to books from the 1960s and 1970s for help, according to Ars Technica. This way he could see how companies used to make chips at regular workstations.

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