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☆ China built a mock-up of key area in Taiwan's capital city at a desert training site, satellite images show
▼ + stars: | 2024-03-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images show China's mock-up of Taiwan's presidential office at a desert training site. AdvertisementOut in the desert at a military training site, China has built a mock-up of a key area of Taiwan's capital city where the presidential office and other government buildings are located, satellite images show. Related storiesThe office mock-up was a convincing replica. A general view of the Presidential Office Building in Taipei. People watch a video about China's military advancements at the Military Museum in Beijing on March 3, 2024.

Persons: —, Joseph Wen, Wen, it's, Walid Berrazeg, Chiu Kuo, cheng, John Aquilino, GREG BAKER, Party's Lai Ching, Hou Organizations: Service, Alxa League, Planet Labs, Business, Planet, CCTV, Presidential, Rocket Force, Alxa, US, Pacific Command, US Armed Services House Committee, Military Museum, Getty Images, Democratic, ih Locations: China, Taiwan, Alxa, Mongolia, Taipei, Taiwan's, Zhurihe, Inner Mongolia, Beijing, AFP, Getty Images China, It's

☆ Nvidia shares pop 12% in premarket trade after AI-fueled bumper earnings
▼ + stars: | 2024-02-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Walid Berrazeg | Lightrocket | Getty ImagesNvidia shares jumped more than 12% in premarket trade on Thursday after the chip giant posted bumper earnings that beat Wall Street estimates. Nvidia chips are used to train the huge AI models such as those developed by Microsoft and Meta . The company forecast its revenue in the current quarter will hit $24 billion, way ahead of estimates. "Fundamentally, the conditions are excellent for continued growth" in 2025 and beyond, Nvidia CEO Jensen Huang told analysts on Wednesday, adding to the bullish sentiment around the stock. Nvidia's Data Center business, which includes the company's H100 graphics cards that are used for AI training, posted sales of $18.4 billion in the fourth quarter, representing 409% year-on-year growth.

Persons: Jensen Huang, Walid Berrazeg Organizations: Nvidia, Lightrocket, Getty, Wall, Microsoft, Meta, Data Center Locations: U.S

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Pro Take: Going Beyond Moore’s Law; Semiconductor Innovation Continues, But It Is Tougher
▼ + stars: | 2023-11-08 | by ( Steven Rosenbush | ) www.wsj.com time to read: +1 min

Nvidia says its Grace Hopper Superchip is designed for AI and high-performance computing applications. Photo: Walid Berrazeg/Zuma PressSemiconductors advanced for decades under the principle known as Moore’s Law, a formulation that describes the improvements that underlie the dramatic evolution of digital technology, and in recent years, advanced forms of artificial intelligence such as deep learning. Moore’s Law, an observation, really, was formulated in 1965 by Intel co-founder Gordon Moore , holding that the number of transistors on a chip doubles roughly every year. Transistors once sold for as much as $150 each. In 2019, a typical Intel microprocessor contained five billion of them—each costing $0.0000001.

Persons: Grace Hopper Superchip, Walid Berrazeg, Gordon Moore Organizations: Nvidia, Zuma Press Semiconductors, Moore’s, Intel

☆ When is it OK to violate your cost basis to buy more shares of a company?
▼ + stars: | 2023-10-15 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

This week's question: The cardinal rule of discipline is to not violate cost basis and show patience to buy more high-quality stocks on pullback. How do you evaluate a flying stock which might not come back to levels of cost basis to add more? Since we are not anticipating the stock breaking below our cost basis — it is rallying — we need another way to determine when to buy more shares. If you can't buy below you price basis, you should buy at or below your valuation basis. And then set up points to buy when the valuation goes lower, just as you would when the stock price falls.

Persons: Jim Cramer, Eli Lilly, Ravi, —, Jim Cramer's, Jim, Jensen Huang, Walid Berrazeg Organizations: Nvidia, workloads, Jim Cramer's Charitable, CNBC, Getty Locations: Taipei

KAOHSIUNG, Taiwan, Sept 28 (Reuters) - Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a years-long project aimed at strengthening the island's defence and deterrence against the Chinese navy. Taiwan, which China claims as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert its sovereignty. "In the past, a domestically developed submarine was considered an impossible task. The programme has drawn on expertise and technology from several countries - a breakthrough for diplomatically isolated Taiwan. Taiwan hopes to deploy at least two such domestically developed submarines by 2027, and possibly equip later models with missiles, the head of the program said this month.

Persons: Tsai Ing, Tsai, Lockheed Martin, Admiral Huang Shu, Carlos Garcia, Walid Berrazeg, Sarah Wu, Ben Blanchard Organizations: Lockheed, Lockheed Martin Corp, Thomson Locations: KAOHSIUNG, Taiwan, China, Beijing, Kaohsiung

☆ Big Tech profits are set to surge in the second half: How our 6 stocks stack up
▼ + stars: | 2023-08-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Collectively, these six long-term holdings are expected to boost profits by 87% in the second half, up from 27% in the first half, according to estimates from FactSet. Nvidia 1st half earnings growth: 103% 2nd half expected earnings growth: 371% Investor excitement in Nvidia, already high, was lifted even further by the company's recently reported fiscal second quarter , which blew expectations out of the park. Amazon 1st half earnings growth: 266% 2nd half expected earnings growth: 297% The company's second quarter North America segment posted an operating margin of 3.9%, impressing investors like us with a 620-basis-point improvement over the last five quarters. That's why earnings growth for the second half of 2023 looks lighter than the recently reported fiscal fourth quarter of 2023 . Apple 1st half earnings growth: 2% 2nd half expected earning growth: 11% The iPhone maker had a "muted start" to the second half as consumers wait for the September release of the iPhone 15, said analysts at Loop Capital.

Persons: there's, Zev Fima, Morgan Stanley's, Wedbush, Morgan Stanley, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Big Tech, Nvidia, Microsoft, Apple, Investing, NVIDIA, Amazon, Meta, Facebook, Meta Connect, Management, Google, YouTube, Bank of America, Loop, CNBC, Getty Locations: FactSet, America, 2H23, Taipei

☆ Nvidia again proves it's an 'own it, don't trade it' stock after delivering another blowout quarter
▼ + stars: | 2023-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

"During the quarter, major cloud service providers announced massive NVIDIA H100 AI infrastructures. Leading enterprise IT system and software providers announced partnerships to bring NVIDIA AI to every industry. Quarterly commentary Data-center revenue in the quarter — comprising 76% of total revenue — reached a new record, more than doubling from a year ago and on a sequential basis. However, revenue was up sequentially on improved demand for Nvidia's enterprise workstation and the ramp of Nvidia RTX products. Nvidia said it bought back $3.28 billion worth of stock during its second quarter.

Persons: chipmaker, —, Jensen Huang, Jensen, Wall, there's, Jim Cramer's, Jim Cramer, Jim, Walid Berrazeg Organizations: Nvidia, Revenue, Club, Analysts, UBS, NVIDIA, Microsoft, Oracle, Ampere, Gaming, Truist, Jim Cramer's Charitable, CNBC, Getty Locations: China, Taiwan

☆ Nvidia unveils an update to a new A.I. chip that hasn't even shipped yet — an aggressive move to keep its crown
▼ + stars: | 2023-08-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

"No one is coming for Nvidia on AI, period, any time soon," Stifel analyst Ruben Roy told CNBC in an interview Wednesday. The new version of Grace Hopper primarily delivers improvements in memory capacity and bandwidth compared with the first-generation product. In practice, improving the memory capacity and bandwidth of the Grace Hopper Superchip should help AI applications run more efficiently and smoothly. Volume production of the improved Grace Hopper Superchip is expected in the second quarter of 2024, according to Nvidia. Open-source software Nvidia's closed-source CUDA software platform – along with a library of pre-trained AI models — has helped establish the company's AI dominance.

Persons: it's, Grace Hopper Superchip, Ruben Roy, Grace Hopper, ChatGPT, Roy, Hopper, Nvidia, Pat Gelsinger, Nvidia's, Omniverse, Jim Cramer, Nvidia hasn't, Jim, enabler —, Jim Cramer's, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Club, Devices, CNBC, Microsoft, Bank of America, AMD, Nvidia DGX, Intel, BMW, Computer, Getty Locations: Taipei

☆ Nvidia reveals new AI chip, says costs of running LLMs will 'drop significantly'
▼ + stars: | 2023-08-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Currently, Nvidia dominates the market for AI chips with over 80% market share, according to some estimates. But Nvidia's chips are in short supply as tech giants, cloud providers and startups vie for GPU capacity to develop their own AI models. Nvidia's new chip, the GH200, has the same GPU as the company's current highest-end AI chip, the H100. Oftentimes, the process of working with AI models is split into at least two parts: training and inference. Companies including Google and Amazon are also designing their own custom AI chips for inference.

Persons: Jensen Huang, Walid Berrazeg, Bard, OpenAI's, Huang, Ian Buck, Buck Organizations: Getty, Nvidia, AMD, Google, ARM Locations: Taiwan

☆ This may be the most bullish note we've seen on Nvidia — signaling what's next for the stock
▼ + stars: | 2023-07-31 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Take Club stock Nvidia (NVDA) for example. You can't own Nvidia if that's the data you're using to generate your worldview of future demand, especially after the monstrous run shares have already had this year. After all, those buying Nvidia's chips will need to harvest profits on their investment at some point but 12 to 18 months is a lifetime in the stock market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.

Persons: Jim Cramer, That's, Bernstein, we're, Jim loves NVDA, It's, —, ByteDance, NVDA, Jim Cramer's, Jim, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Semiconductor Manufacturing, Apple, Microsoft, Oracle, CNBC, Getty Locations: China, Taipei

☆ 'Everyone is a programmer' with generative A.I., says Nvidia chief
▼ + stars: | 2023-05-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

TAIPEI, TAIWAN - 2023/05/29: Nvidia president and CEO Jensen Huang speaks at a keynote presentation while holding the Grace Hopper superchip at COMPUTEX. He says anyone can be a programmer, just by speaking to the computer, and the desired functions will come forth. By generative artificial intelligence, Huang said during his keynote speech at the Computex forum in Taiwan on Monday. At his first public keynote since the pandemic, Huang introduced a new AI supercomputer platform called DGX GH200, aimed at building generative AI models. Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio and synthetic data.

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