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☆ Major driver of the AI trade takes a breather. But Nvidia's business is still full steam ahead
▼ + stars: | 2024-04-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The major force behind this year's AI trade has cooled off in recent weeks. "For three decades we've pursued accelerated computing, with the goal of enabling transformative breakthroughs like deep learning and AI," Huang said at GTC. So, as the benefits of AI trickle through the "AI supply chain," look for the benefits of AI to spread and earnings to grow as a result. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jensen Huang, Huang, we've, It's, Jim Cramer, Nvidia –, We're, hyperscaler, Jack, McDonald's, Jim, That's, Jim Cramer's, Justin Sullivan Organizations: Nvidia, GTC, Blackwell, Apple, Microsoft, Alphabet's Google, Google, Club, Web Services, Super, CNBC, Intelligence, SAP Center Locations: U.S, China, San Jose , California

☆ OpenAI rival Cohere says some AI startups build Bugatti sports cars, 'We make F-150s'
▼ + stars: | 2024-03-01 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

"We don't comment on rumors," Kon told CNBC. Although Cohere is often mentioned alongside AI heavyweights like OpenAI, Anthropic, Google and Microsoft , the startup's focus on enterprise-only chatbots has set it apart. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman. Cohere's relationships with strategic investors are another area where it differs from generative AI competitors, Kon said. Search, Kon said, is a key piece of generative AI that's getting less attention than other areas.

Persons: Martin Kon, Kon, OpenAI, Cohere, It's, Anthropic, Claude chatbot, who's, Sam Altman, it's, Nvidia –, Lina Khan, That's Organizations: Bugatti, CNBC, Google, Nvidia, Cohere, Salesforce, Oracle, Company, White, Microsoft, Enterprise, Federal Trade Commission Locations: Cohere's

☆ This Marsico fund has outperformed lately by finding the best growth stories
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Their flagship Marsico Focus Fund (MFOCX) has climbed 16% so far in 2024, through Thursday, outperforming both the S & P 500 and technology-heavy Nasdaq Composite . Between 60% and 75% of the portfolio is in "core" growth companies, or those that are likely to see sustained and predictable earnings growth. The balance is in companies undergoing large transformations that can catalyze earnings growth once a restructuring is complete. "When money was very cheap and interest rates were extremely low, it was easy to buy an index fund," Marsico said. "And that's why there's greater differentiation with stock pickers than just buying a general basket of market companies."

Persons: Tom Marsico, Jimmy, Peter, outperforming, Morningstar, Marsico, he's, Eli Lilly, Uber, Marsico's Organizations: Global, Janus, Marsico Capital, Focus, Nasdaq, MFOCX, Fund, Morningstar, The University of Denver, Microsoft, Meta, Nvidia, Apple Locations: Denver

During the Amazon Web Services cloud conference on Tuesday, Amazon unveiled upgraded AI chips, a new chatbot and an expanded partnership with Nvidia. Expanded Nvidia partnership Amazon on Tuesday outlined the details of its deepening partnership with semiconductor firm Nvidia – the global leader in the development of AI chips. Amazon's announcements involved not only Nvidia' bread-and-butter AI chips known as graphics processing units, or GPUs, but also its fast-growing – yet still underappreciated – software-and-service offerings. In general, Amazon has touted its own AI chips as being a lower-cost option for customers. Nvidia's AI hardware is known to carry a hefty price tag .

Persons: Grace Hopper Superchip, –, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Arjun Kharpal Organizations: Nvidia, Services, Amazon, Microsoft, Oracle, JMP Securities, CNBC, IAA, Qualcomm, Samsung Locations: Munich

☆ Nvidia's stock-price surge means CEO Jensen Huang is richer than Nike founder Phil Knight and hedge-fund legend Ken Griffin
▼ + stars: | 2023-11-20 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Founder and CEO Jensen Huang's wealth has soared nearly $30 billion as a result. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That means his fortune now exceeds those of Nike founder Phil Knight, Citadel CEO Ken Griffin, and Blackstone supremo Stephen Schwarzman. He'll turn 60 this year, making him years older than fellow tech billionaires Bill Gates and Jeff Bezos when they left day-to-day operations at 52 and 57, respectively.

Persons: Jensen, Huang, —, Nvidia –, that's, Jensen Huang, –, Mark Zuckerberg, Elon Musk, he's, Phil Knight, Ken Griffin, Blackstone supremo Stephen Schwarzman, Chris Malachowsky, Curtis Priem, East San Jose Denny's, Bill Gates, Jeff Bezos Organizations: Bloomberg, Service, Nvidia, Big Tech, Nike, Citadel, Blackstone supremo, East San Locations: Taiwan, Thailand, Oregon, East, East San Jose

☆ Cramer discusses when to hold, fold or walk away from a stock in your portfolio
▼ + stars: | 2023-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

We certainly didn't want to trade Apple and Nvidia – the Club's two 'own it, don't trade it' stocks – as so many did. No, what got to me was a chartist saying that Nvidia's stock had the worst technical shape of any stock in the entire market. Hindsight says I should have known to walk away, but I have been in and around this stock almost my entire life. 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: It's, Kenny Rodgers, I've, Emerson, Goldman Sachs, we're, Walt Disney, it's, Bausch, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Nvidia, Intel, Devices, Federal, Starbucks, Procter & Gamble, GE HealthCare Technologies, National, Goldman, Walt, Netflix, Jim Cramer's Charitable, CNBC, Fifth, Getty Locations: U.S, China, Emerson, New York City

☆ Stocks like Nvidia have 'earnings upside' ahead of quarterly reports, Wall Street analysts say
▼ + stars: | 2023-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earnings season is in full swing, and Wall Street analysts named a slew of well-positioned stocks heading into quarterly results. CNBC Pro combed through recent Wall Street research to find stocks with earnings upside. They include Nvidia, Dover, Arista Networks , Xcel Energy, Pfizer and Costco. Analyst Amit Daryanani and his team added a tactical outperform to the stock ahead of earnings on Oct. 30. … We continue to see multiple paths to double digit growth for Arista in 2024 and their analyst day should confirm this outlook."

Persons: Oppenheimer, Bryan Blair, Blair, Dover's, Murphy, Dover, Amit Daryanani, Daryanani, Julien Dumoulin, Smith, Xcel, XEL, Dover – Oppenheimer, DOV, William Blair, Pfizer – Cantor Fitzgerald, PFE, …, Nvidia – Jefferies Organizations: Wall Street, CNBC, Nvidia, Arista Networks, Xcel Energy, Pfizer, Costco, Dover, ISI, Arista, Xcel Energy Bank of America, Energy – Bank of America, …, … Arista, Automotive, & $ Locations: Dover

☆ With new U.S. export restrictions, can Nvidia thrive in the long term without China?
▼ + stars: | 2023-10-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

The U.S. government plans to restrict the sale of advanced AI chips to China in the coming weeks, the Commerce Department announced Tuesday. KeyBanc Capital Markets said Tuesday that the new restrictions are a negative for Nvidia, arguing "it will ultimately be difficult to backfill China demand." The A800 and H800 are modified versions of Nvidia's cutting-edge AI chips used in data centers, known as the A100 and the more recent H100. To comply with the new rules, Nvidia created the A800 and H800 chips, which had slower data-transfer speeds and therefore didn't violate the export controls. The latest export controls, which U.S. officials said will go into effect in 30 days, again threaten those sales.

Persons: Biden, chipmaker –, Jeff Marks, Marks, — CNBC's Kristina Partsinevelos, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nvidia, Commerce Department, KeyBanc, Markets, Microsoft, Oracle, U.S, supercomputing, Intel, Devices, CNBC, NVIDIA Locations: China, U.S, Santa Clara , California

☆ Stocks making the biggest moves midday: Apple, Lyft, Carvana, VF Corp and more
▼ + stars: | 2023-05-05 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Lyft – Stock in the rideshare giant fell 21% on Friday, after reporting quarterly results a day earlier. Coinbase – Shares of the cryptocurrency platform rose 17% after Wedbush reiterated an outperform rating on the stock earlier on Friday. The company reported beats on quarterly results a day earlier, with a smaller-than-expected loss of 34 cents per share. Wells Fargo upgraded the stock to equal weight from underweight, saying green shoots for Vans were becoming harder to ignore. Lucid is set to report quarterly results on May 8, and analysts polled by FactSet forecast a loss of 39 cents per share.

☆ Stocks making the biggest moves midday: Southwest Airlines, Goldman Sachs, Bellus Health and more
▼ + stars: | 2023-04-18 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

PowerSchool Holdings – The educational technology stock added 3.5% after Goldman Sachs upgraded shares to buy from neutral. Bank of America – The bank stock was about flat even after the firm reported first-quarter earnings and revenue that topped expectations. Goldman Sachs – Shares slid 1.3% after Goldman Sachs reported first-quarter revenue of $12.22 billion, lower than the $12.79 billion forecasted by analysts polled by Refinitiv. The company reported adjusted earnings of $2.68 per share and revenue of $24.75 billion. Bellus Health, GSK – Bellus shares roughly doubled after GSK said it would acquire Canada-based biopharmaceutical company Bellus.

☆ Stocks making the biggest moves midday: Nvidia, Palantir, Western Alliance, Johnson & Johnson and more
▼ + stars: | 2023-04-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The Western Alliance Bancorporation logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland. This development would give U.S. government customers and industry partners access to enterprise-grade capabilities by Palantir and Microsoft. Western Alliance also said it has enough liquidity to cover the remaining uninsured deposits. Johnson & Johnson — Shares rose about 3%. Conagra Brands — The packaged goods food company rose 3% after topping Wall Street's expectations on the top and bottom lines for the recent quarter, according to FactSet.

☆ Stocks making the biggest moves premarket: Nvidia, First Republic, FedEx and more
▼ + stars: | 2023-03-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

FedEx — Shares were up 11.6% after the company's fiscal third-quarter earnings topped analysts expectations. FedEx reported adjusted earnings of $3.41 per share, topping a Refinitiv consensus forecast of $2.73 per share. Credit Suisse — The Swiss bank's U.S.-traded shares were down 4.1% during premarket trading. Credit Suisse shares have had a volatile week after its largest investor announced it would not provide additional funding to the bank. First Republic Bank — Shares of the bank declined 13.3% during premarket trading.

☆ Stocks making the biggest moves midday: FRC, FDX, NVDA, BMBL & more
▼ + stars: | 2023-03-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse. First Republic — The regional bank shares shed over 20% even after the company is set to receive aid from other financial institutions. Credit Suisse — U.S.-listed shares of the Swiss bank fell nearly 11% on Friday, a day after soaring on news the bank will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Warner Bros Discovery — The media company gained 2% after Wells Fargo upgraded the stock to overweight from equal weight. FedEx — The shipping company saw its stock jump over 8% after the company's fiscal third-quarter earnings topped analysts expectations.

☆ Stocks making the biggest moves premarket: Lucid, Nvidia, Dollar General, Sunrun and more
▼ + stars: | 2023-02-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Lucid Motors — The electric vehicle maker saw shares slide 14% premarket after reporting that fourth-quarter revenue fell short of expectations. eBay — The online auction platform fell 5% despite posting fourth-quarter earnings and revenue that topped analysts' estimates as gauged by Refinitiv. The company also forecast current quarter revenue of $600 million and $640 million, compared to estimates of $622 million. Bath & Body Works — Shares fell more than 4% after the company reported fourth-quarter earnings. Sunrun — The solar company rose 1.5% after its fourth-quarter earnings topped Wall Street's expectations.

☆ Stocks making the biggest moves after hours: Nvidia, Etsy, Lucid, Bumble, Moderna and more
▼ + stars: | 2023-02-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Etsy posted revenue of $807 million, smashing estimates of $752 million, according to Refinitiv. The company also forecast current quarter revenue of $600 million and $640 million, compared to estimates of $622 million. eBay — The online auction platform reported fourth quarter earnings of $1.07 per share excluding items, on revenues of $2.51 billion. Bumble — The online dating site jumped nearly 5% after it reported better-than-expected fourth quarter earnings and revenue. Bumble posted revenue of $191 million, above the $186 million estimated by analysts polled by FactSet.

☆ Stocks making the biggest moves midday: Tesla, Nvidia, Lululemon and more
▼ + stars: | 2023-01-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. Tesla – Shares of Tesla rose 8% Monday after CEO Elon Musk's attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity. Uber – Uber shares gained 5.2% on an upgrade from Piper Sandler to overweight from a neutral rating. Monolithic Power Systems – Shares of Monolithic Power Systems gained 6.4% amid the semiconductor rally, following shares of Nvidia and Advanced Micro Devices. Goldman Sachs – Shares gained 2% following reports that the banking giant is laying off 3,200 employees, or 6.5% of the workforce it had in October.

☆ BofA says the bull case for chips is 'compelling,' picks its top stocks to buy
▼ + stars: | 2022-11-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Chip stocks, once a hot favorite among investors, are doing poorly this year . But BofA says that despite consumer demand remaining under pressure, the "bull case for semis is also compelling." Here are some themes that chip stocks could ride on, says the bank, which also picked names to buy. BofA picked these stocks that it said have "best-in-class" 30% free cash flow margins, with 1.8% dividend yield: Analog Devices – its top pick, and Broadcom . Compelling valuations The bank says semiconductor capital equipment stocks "provide an ideal mix of compelling valuations," with about 14 to 15 times forward price-to-earnings.

☆ Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Nvidia and more
▼ + stars: | 2022-11-16 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Cisco – Shares jumped 4.8% after the maker of computer networking equipment beat expectations for its first-quarter earnings per share and revenue, according to StreetAccount. Bath & Body Works – The company that remained after L Brands spun off Victoria's Secret jumped 16.3% after third-quarter results doubled StreetAccount's per-share earnings estimate, and it also beat on revenue. It issued fourth-quarter per-share earnings expectations that were about in-line with analysts polled by FactSet, while raising full-year guidance. Nvidia – The maker of high-end graphics processing units gained 2.7% after beating analysts' revenue expectations, but coming in under per-share earnings estimates. Sonos – The maker of multiroom audio systems added 2.3% after it beat expectations for per-share earnings and revenue in its fourth-quarter earnings.

☆ Stocks making the biggest moves midday: Allstate, AT&T, IBM, Tesla and more
▼ + stars: | 2022-10-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third-quarter earnings that fell short of Wall Street's expectations for revenue. Freeport McMoRan – Shares of Freeport McMoRan jumped more than 3% after the mining company reported earnings Thursday. The company reported third-quarter earnings per share of $2.36 versus the StreetAccount estimate of $2.19.

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