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☆ Nvidia jumps more than 15% this week. A key reason: what other companies are saying
▼ + stars: | 2024-04-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

"These are big checks made out to get Blackwells and H200s from, yes, Nvidia," Jim Cramer said during Friday's Morning Meeting . "There are a lot of people … that think this stock is a dangerous stock," Jim said. The next earnings report to shed light on demand for Nvidia's AI chips is set for Tuesday evening when Club name Amazon releases first-quarter results. While Amazon also has custom AI chips, it's a sizable Nvidia customer and the companies have enjoyed a longtime partnership. Even electric vehicle maker Tesla indicated earlier this week that it plans to buy tens of thousands more Nvidia chips this year to support self-driving car efforts.

Persons: Wall, Jim Cramer, Blackwell, OpenAI, There's, Jim, Wednesday's, – tanked, Alphabet's, FactSet, Ruth Porat, capex, Porat, Amy Hood, Hood, Microsoft's, Tesla, Jim Cramer's, Jensen Huang, Josh Edelson Organizations: Nvidia, Microsoft, Investors, Devices, Meta, Facebook, Bank of America, AMD, Broadcom, Wall, Google, Amazon, CNBC, SAP Center, AFP, Getty Locations: –, U.S, San Jose , California

☆ 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

☆ Nvidia enters correction territory as stock falls 10% from all-time highs
▼ + stars: | 2024-04-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Nvidia founder and CEO Jensen Huang displays products onstage during the annual Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024. Chipmaking giant Nvidia has entered "correction territory," with shares now down 10% from all-time highs. Nvidia GPUs are commonly used for compute-intensive AI applications, such as OpenAI's ChatGPT AI chatbot. It reported a 486% jump in non-GAAP earnings per diluted share in the December quarter, citing huge chips demand, thanks to the popularity of generative AI models. Shares are off 10% from their last all-time high close of $950 apiece, which they hit on March 25.

Persons: Jensen Huang Organizations: Nvidia, SAP Center Locations: San Jose , California, U.S

☆ 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

☆ Nvidia has a parade of partners, but these two stocks are my favorite beneficiaries
▼ + stars: | 2024-03-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +23 min

That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .

Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, –, Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California

☆ We're hiking our price targets on Nvidia and two other rallying portfolio stocks
▼ + stars: | 2024-03-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Nvidia price target increased to $1,050 NVDA YTD mountain Nvidia YTD Coming off a bullish GTC conference where Nvidia CEO Jensen Huang made the case that the artificial intelligence investment cycle is still in its early innings, we are increasing price target on the chip giant to $1,050 per share from $850. We're increasing our Eaton price target to $330 per share from $290 and reiterating our buy-equivalent 1 rating. As a sanity check, Bank of America increased its Eaton price target to $340 from $330 on Thursday following a meeting with management. Wells Fargo raised to $60 WFC YTD mountain Wells Fargo YTD Wells Fargo has made a string of new 52-week highs, and we think those gains can continue due to better-than-expected net interest income performance from higher interest rates, more buybacks, and ongoing cost discipline. We're increasing our Wells Fargo price target to $60 per share from $54 and reiterating our 2 rating.

Persons: Jensen Huang, Jensen, playbook, It's, Jim Cramer, Eaton, We're, Wells Fargo, Charlie Scharf, He's, Jim Cramer's, Jim, Josh Edelson Organizations: Nvidia, Blackwell, Bank of America, CNBC, Intelligence, SAP Center, Afp, Getty Locations: Eaton, Wells, Wells Fargo, ETN, San Jose , California

☆ Nvidia stock dips after company unveils latest AI chips
▼ + stars: | 2024-03-19 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Nvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell. The company also announced a new enterprise software product known as Nvidia Inference Microservice, which makes it easier to run older generations of Nvidia GPUs. Still, the Wells Fargo analysts wrote the news reinforced their "long-standing positive thesis" on Nvidia's technology and monetization opportunities. "Based on our recent industry conversations, we expect Blackwell to be the fastest ramping product in Nvidia's history," the analysts wrote in a note to investors. "Nvidia has played (and will continue to play) an instrumental role in democratizing AI across many industry verticals."

Persons: Jensen Huang, Blackwell, Taylor Swift, Jensen, Bernstein, NVDA, Goldman Sachs Organizations: Nvidia, Intelligence, SAP Center, Monday, Wells, Goldman Locations: San Jose , California, San Jose

☆ All the big Nvidia calls after AI conference: Goldman raises target to $1,000, JPMorgan sees 'dominance'
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."

Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose

Mizuho initiated Home Depot with a buy rating, calling for roughly 10% upside. The bank upgraded shares of the industrial equipment manufacturer to a buy rating. Analyst Manav Gupta also lifted his price target to $170 from his prior target of $152. Analyst Gavin Parsons reiterated his buy rating on the stock and price target of $275. The bank initiated coverage of the home improvement stock at a buy rating, setting a price target of $415.

Persons: Mizuho, Manav Gupta, Howden, Gupta, GTLS, — Lisa Kailai Han, Gavin Parsons, Parsons, Fred Imbert, David Bellinger, Bellinger, Wells Fargo, Aaron Rakers, Goldman Sachs, Toshiya Hari, Bernstein's Stacy Rasgon, Taylor Swift, Jensen, Huang Organizations: CNBC, UBS, Boeing, Nvidia, Industries, YE2026E, Department of Energy, Alaska Airlines, Mizuho, SAP Center, Blackwell, ~$ Locations: Howden, GTLS, Mizuho, San Jose

☆ Nvidia CEO Jensen Huang announces new AI chips: 'We need bigger GPUs'
▼ + stars: | 2024-03-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Nvidia on Monday announced a new generation of artificial intelligence chips and software for running artificial intelligence models. The announcement, made during Nvidia's developer's conference in San Jose, comes as the chipmaker seeks to solidify its position as the go-to supplier for AI companies. “Hopper is fantastic, but we need bigger GPUs,” Nvidia CEO Jensen Huang said on Monday at the company's developer conference in California. Das said Nvidia's new software will make it easier to run programs on any of Nvidia's GPUs, even older ones that might be better suited for deploying but not building AI.

Persons: Jensen Huang, Nvidia's, ChatGPT, Blackwell, Hopper, Huang, Manuvir Das, what's, Das, you've, we'll Organizations: Nvidia, Intelligence, SAP Center, Monday, Microsoft, Meta, Companies, Apple, Manuvir Locations: San Jose , California, San Jose, California

☆ Nvidia is kicking off its big AI event at a sports arena. Here's how to watch.
▼ + stars: | 2024-03-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Nvidia CEO Jensen Huang is kicking off the "Woodstock of AI" in a keynote speech Monday. Analysts predict Nvidia will reveal new graphics processing chips that could transform the AI industry. AdvertisementNvidia is kicking of its massive AI event at a California sports arena on Monday. The event has been dubbed the "Woodstock of AI" and Nvidia CEO Jensen Huang is its rockstar headliner. The hype surrounding Huang's speech, and what he will reveal about the future of AI technology, is enormous.

Persons: Jensen Huang, —, Jensen, hough, ike C, penAI's Organizations: Nvidia, Service, rockstar, GPU Technology Conference, Wall Locations: Woodstock, California, San

☆ Nvidia CEO Jensen Huang's Taylor Swift joke shows he's aware of his reputation among AI fanboys
▼ + stars: | 2024-03-18 | by ( Clementine Fletcher | ) www.businessinsider.com time to read: +3 min

Nvidia CEO Jensen Huang gave a much-awaited two-hour-long keynote speech in California. 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 . Good, good boy. And while we did spot one of Huang's signature leather jackets, we weren't eagle-eyed enough to see if he was sporting a Taylor Swift friendship bracelet — or Nvidia tattoo.

Persons: Jensen Huang, Huang, Taylor Swift's, —, Swift, Swifties —, didn't, Blackwell, Hopper, Taylor, Katherine Tangalakis, Lippert Organizations: Nvidia, Service, Technology Conference, Woodstock, SAP Center Locations: California

☆ Biles to compete in sixth world championships
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Gymnastics Championships at SAP Center. Mandatory Credit: Kyle Terada-USA TODAY/File Photo Acquire Licensing RightsSept 21 (Reuters) - Simone Biles is set to compete in her sixth world championships this month after posting the top all-around score at a U.S. qualifying competition, USA Gymnastics said on Wednesday. Biles, a four-times Olympic champion and 19-times world gold medallist, headlines the five-woman team heading to Antwerp, Belgium, where she won the first of her five world all-around titles in 2013 at the age of 16. Biles will become the first woman to represent the U.S. at six artistic world championships, according to USA Gymnastics, after earning automatic qualification by topping the all-around standings at this week's two-day selection camp in Katy, Texas. She will be joined by Shilese Jones, Leanne Wong and Skye Blakely - all part of the team that won last year's world championships - and 17-year-old Joscelyn Roberson.

Persons: Simone Biles, Kyle Terada, Biles, Shilese Jones, Leanne Wong, Skye Blakely, Joscelyn Roberson, Hritika Sharma, Peter Rutherford Organizations: SAP Center, USA, Paris Games, Thomson Locations: San Jose , California, USA, Antwerp, Belgium, U.S, Katy , Texas, Tokyo, Hyderabad

☆ Brilliant Biles wins record eighth all-around national title
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

[1/3] August 27, 2023; San Jose, California, USA; Simone Biles performs on the uneven bars during the 2023 U.S. Mandatory Credit: Kyle Terada-USA TODAY Acquire Licensing RightsAug 27 (Reuters) - Simone Biles won a record eighth all-around title at the U.S. Gymnastics Championships in San Jose, California on Sunday, looking as dominant as ever despite only recently returning to competition after a two-year break. Biles won her seventh title in 2021 to tie Alfred Jochim, who won the last of his seven in 1933. read moreOn the first night of the competition in San Jose Biles executed a Yurchenko double pike, a vault so difficult that it has never been performed by another female gymnast.

Persons: Simone Biles, Kyle Terada, Biles, Alfred Jochim, I've, Shilese Jones, Leanne Wong, San Jose Biles, Rory Carroll, Peter Rutherford Organizations: SAP Center, U.S, Gymnastics, Olympics, Tokyo, Tokyo Games, Paris Games, Thomson Locations: San Jose , California, USA, U.S, Chicago, San Jose, Los Angeles

☆ Simone Biles wins a record 8th U.S. Gymnastics title a full decade after her first
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: +3 min

Ezra Shaw | Getty Images Sport | Getty ImagesA decade later, Simone Biles is still on top. The gymnastics star won her record eighth U.S. Championship on Sunday night, 10 years after she first ascended to the top of her sport as a teenage prodigy. Biles is all but assured of returning to the gym where she captured her first world title in 2013. Biles became the oldest woman to win a national title since USA Gymnastics began organizing the event in 1963. "I like to keep (my goals) personal, just so that I know what I'm aiming for," Biles said.

Persons: Simone Biles, Ezra Shaw, Biles, newlywed, Shilese Jones, Leanne Wong, Alfred Jochim, haven't, Biles isn't, she's, hasn't, Cheng Organizations: SAP Center, Getty, Tokyo, USA Gymnastics, Amateur Athletics Union Locations: San Jose , California, Florida

☆ Brilliant Biles in control at U.S. Championships, eyes eighth title
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +3 min

[1/5] August 25, 2023; San Jose, California, USA; Simone Biles performs on the balance beam during the 2023 U.S. Gymnastics Championships at SAP Center. Mandatory Credit: Kyle Terada-USA TODAY Sports Acquire Licensing RightsAug 25 (Reuters) - Simone Biles delivered a stunning performance at the U.S. Gymnastics Championships in San Jose, California, on Friday to take the lead with 59.300 points and stay on course for a record eighth national title. Jones, the runner-up at the nationals last year and a three-time world silver medallist in 2022, posted 56.550 points overall, with Blakely third at 55.700.

Persons: Simone Biles, Kyle Terada, Biles, Shilese Jones, Jones, Skye Blakely, Alfred Jochim, Blakely, Leanne Wong, Jordan Chiles, Sunisa Lee, Lee, Hritika Sharma, Robert Birsel Organizations: SAP Center, U.S, Gymnastics, Tokyo Games, NBC, Olympic, Thomson Locations: San Jose , California, USA, Chicago, Paris, U.S, Antwerp, Belgium, Hyderabad

☆ NHL roundup: Connor McDavid hits 150 points in Oilers' win
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +12 min

Tomas Hertl scored, and James Reimer made 29 saves for the Sharks, who have lost seven straight against the Oilers. McDavid notched his 150th point when he scored with 1:44 left in the opening period for a 2-1 lead. Jesper Bratt scored the lone goal and MacKenzie Blackwood made 38 stops for the Devils, who had won back-to-back games. Avalanche 4, Kings 3Denis Malgin scored two goals for visiting Colorado in a win against Los Angeles. Alex Nylander, Danton Heinen and Evgeni Malkin each scored a goal and Tristan Jarry made 19 saves for the Penguins.

☆ Sabres' Russian defenseman Lyubushkin to skip Pride Night warm-up
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Feb 18, 2023; San Jose, California, USA; Buffalo Sabres defenseman Ilya Lyubushkin (46) chases after the puck during the second period against the San Jose Sharks at SAP Center at San Jose. Mandatory Credit: Stan Szeto-USA TODAY SportsMarch 27 (Reuters) - Russian defenseman Ilya Lyubushkin will not take part in the Buffalo Sabres' pre-game warm-up during the team's Pride Night later on Monday due to safety concerns after his birth country's anti-gay laws were amended last December, the NHL team said. NHL Pride Night events have been under an unwelcome spotlight in recent months as a handful of players, and even some teams, have objected to participating for reasons that include religious beliefs and the Russian law. "Our team feels strongly that one way to garner support is through wearing Pride jerseys and using Pride tape in warm-ups," the Sabres said in a statement that did not mention Lyubushkin. Lyubushkin, who signed with the Sabres as a free agent last July, is the only Russian-born player on the NHL team's roster and has 14 points in 58 games this season.

☆ NHL roundup: Phil Kessel breaks ironman mark, scores 400th goal
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +6 min

Kessel, 35, skated in his 990th consecutive NHL contest, eclipsing Keith Yandle's mark to become the league's new ironman. Colorado's Valeri Nichushkin scored a power-play goal in the first period and Logan O'Connor netted a short-handed goal in the opening minute of the third. Dominik Kubalik recorded a goal and an assist for Detroit, and Dylan Larkin scored the other goal (the first of the game). Brandon Duhaime added a goal and an assist for the Wild, who improved to 2-0-1 in the past three games. Kings 4, Lightning 2Gabriel Vilardi tallied a goal and assist for Los Angeles in a win against visiting Tampa Bay.

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