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☆ Stocks making the biggest moves midday: JetBlue, Hewlett Packard Enterprise, Tesla, G-III Apparel and more
▼ + stars: | 2024-09-05 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

G-III Apparel Group — Shares surged 22% after the apparel maker posted second-quarter results that topped estimates. Adjusted earnings of 52 cents per share beat the 27 cents a share that analysts expected, according to FactSet. Hewlett Packard Enterprise — Shares dropped 6% after Hewlett Packard Enterprise saw gross margins decline from a year ago. In its fiscal first quarter, C3.ai saw $73.5 million in revenue, lower than the $79.2 million forecast by analysts polled by FactSet. In its fiscal third quarter, Toro posted adjusted earnings of $1.18 per share on revenue of $1.16 billion.

Persons: FactSet, ChargePoint, LSEG, Verint, Steven Cahall, Tesla, Zimmer Biomet, McKesson, Toro, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li, Pia Singh Organizations: JetBlue Airways, JetBlue, III, Hewlett Packard Enterprise, Hewlett, Enterprise, Frontier Communications, Verizon Communications —, Verizon, Casey's, Verint Systems, Technology, —, Old Dominion, Old Dominion Freight, Toro Locations: New York, FactSet, Wells Fargo, Europe, China, Wells

☆ The 'crazy' fix for Google's monopoly that investors are whispering about
▼ + stars: | 2024-08-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.

Persons: —, It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ

☆ Why Syphilis Is on the Rise in the U.S., and How to Stop It - The New York Times
▼ + stars: | 2024-07-25 | by ( Ina Park | ) www.nytimes.com time to read: +1 min

That’s the credo of Elizabeth Glaser, a public health nurse for the Indian Health Service, who drives thousands of miles throughout the Navajo Nation searching for community members with the infection. While other reportable sexually transmitted infections declined or remained flat during the pandemic, over 207,000 cases of syphilis were reported in 2022, an 80 percent increase since 2018 and the highest number reported since 1950. Most disturbing within this trend is the rise in congenital syphilis. Over 3,700 cases were reported in 2022, which is more than double the number of cases of mother-to-child transmission of H.I.V. To tackle congenital syphilis, we must cast off societal squeamishness about S.T.I.s and invest in proven control strategies: public education, testing, treatment and contact tracing.

Persons: Elizabeth Glaser, they’re, Glaser Organizations: Indian Health Service Locations: United States

☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
▼ + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.

Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post

☆ This small-cap tech stock is set to rally nearly 30%, TD Cowen says
▼ + stars: | 2024-06-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Credo Technology has emerged to take the crown as TD Cowen's top small- and mid-cap stock pick after a red-hot start to the year. Analyst Matthew Ramsay also upped his price target for the stock to $35 from $24, implying that Credo shares could rally 28% from Monday's close. Specifically, he thinks that Credo's revenue could inflect in the second half of its fiscal year as a number of its programs begin to ramp, including some GenAI buildouts. Credo's key program ramps within its active electrical cables at Microsoft and Amazon should also play a role in pushing the company's fundamentals higher. "Overall, we see the diversification of the company's revenue base as a key de-risking of the model and should benefit the durability of revenues going forward," Ramsey said.

Persons: Matthew Ramsay, Ramsay, there's, Ramsey Organizations: Technology, Microsoft, Active Electrical Cable Locations: Monday's

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Disney, Gap, Ford, Rivian, Apple, Tesla, Uber, Exxon & more
▼ + stars: | 2024-06-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm named Nvidia to its best-of-breed list. Goldman Sachs reiterates Microsoft as buy Goldman said it's sticking with its buy rating on the stock. "We reiterate our Buy rating ($515 Price Target) on Microsoft as we see the company yielding strong returns on its Gen-AI investments." "We are initiating on Carpenter Technology (CRS) with a Buy rating and $144 target price (47% upside potential)." "We are initiating coverage on Rivian Automotive, Inc. (RIVN) with a BUY rating and $18 PT."

Persons: BoB, Goldman Sachs, Goldman, it's, TD Cowen, Zeta, Raymond James downgrades Penn, Raymond James, Wells, Tapestry's, Tesla, Piper Sandler, Uber, Piper, AMZN, Morgan Stanley, Ford, Evercore, Truist, Guggenheim, Rivian, Robinson, CHRW, Maxim, MicroStrategy Organizations: Bank of America, Nvidia, Disney, Microsoft, Technology, RBC, Zeta Global, PENN, UBS, Exxon, Deutsche Bank, Carpenter Technology, Tesla, Ford, TAP, Ball Corp, Rivian Automotive, Inc, Apple Locations: Capri, HNST

☆ Ben Vautier, Artist Whose Specialty Was Provocation, Dies at 88
▼ + stars: | 2024-06-15 | by ( Alex Williams | ) www.nytimes.com time to read: +1 min

Ben Vautier, a French artist and agitator who often worked under the moniker Ben, and who as a core member of the anti-art collective Fluxus blurred the boundaries of high and low, art and life, while adhering to the credo “Everything is art,” died on June 5 at his home in Nice, France. He died by suicide shortly after his wife, Annie Vautier, a performance artist he married in 1964, died of a stroke, his children, Eva and Francois, posted on social media. “Unwilling and unable to live without her,” they wrote, “Ben killed himself a few hours later at their home.”Theirs was an intense, if tangled, relationship. “We called her “Sainte-Annie,” Mascha Sosno, a friend, was quoted as saying in a recent article on the France Info website. “They argued all the time, but in fact they adored each other, and he was inseparable from Annie, too.”

Persons: Ben Vautier, ”, Annie Vautier, Eva, Francois, “, “ Ben, Sainte, Annie, ” Mascha Locations: French, Nice, France

☆ More tech stocks are set to benefit from Nvidia's gain, according to analysts. Here's a lineup
▼ + stars: | 2024-05-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Bhattacharya said Super Micro is well-positioned with smaller cloud service providers that are expanding globally amid strong demand. SMCI YTD mountain Super Micro, year to date Taiwan Semiconductor also stands to gain from Nvidia's report, according to Bank of America analyst Brad Lin. Nvidia's strong forward guidance is a particularly good sign, Bank of America argued. Citigroup analyst Laura Chen told clients to expect "strong momentum to continue" at Taiwan Semiconductor following Nvidia's latest financial results. For the former, he listed Astera Labs , Credo Technology , Marvell Technology , Macom Technology Solutions and Monolithic Power Systems as likely winners given their high exposure.

Persons: Ruplu Bhattacharya, Bhattacharya, Supermicro, It's, FactSet, Brad Lin, Lin, Laura Chen, Dell, Asiya Merchant, Merchant, Tore Svanberg, Svanberg Organizations: Nvidia, Computer, Bank of America, Taiwan Semiconductor, Citigroup, Taiwan Semiconductor's, Citi, Dell, DELL, Technology, Marvell Technology, Macom Technology Solutions, Systems, Semiconductors, ON Semiconductor, Ambarella, Texas, Devices, Power Systems Locations: Taiwan, Taiwan Semiconductor's U.S

☆ In the rush to adopt AI, ethics and responsibility are taking a backseat at many companies
▼ + stars: | 2024-05-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Companies are rapidly integrating generative AI technology to boost productivity. AdvertisementCompanies have been racing to deploy generative AI technology into their work since the launch of ChatGPT in 2022. She added that the "demand for AI governance and risk experts is outpacing the supply." "The venture capital environment also reflects a disproportionate focus on AI innovation over AI governance," Singh told Business Insider by email. But with the pace of innovation in AI, government regulations may not be enough right now to ensure companies are protecting themselves.

Persons: —, haven't, Tad Roselund, Nanjira Sam, Navrina Singh, Singh Organizations: Service, Companies, Microsoft, Boston Consulting Group, MIT Sloan Management, Stanford's Institute for, Intelligence, Biden Administration Locations: EU

☆ This is my first Mother's Day without my mom. Instead of being sad, I will celebrate her life.
▼ + stars: | 2024-05-10 | by ( Bethany Kandel | ) www.businessinsider.com time to read: +4 min

Instead of being sad that she's not here this Mother's Day I will celebrate her life. AdvertisementThis Mother's Day is the first time in my 66 years of life that I have no mom. I used to feel bad on Mother's Day for friends who had lost theirs. AdvertisementAs a self-taught outsider artist, my mother's life was one giant treasure hunt. Her greatest joy would be to see me happy and celebrating Mother's Day with my own sons.

Persons: —, I'm, gravesites, Joseph Cornell, Mona, Warren Buffet, Pollyanna Organizations: Service

☆ Merrill's Lindsay Hans and Eric Schimpf were thrust to the top of the $3.3 trillion wealth unit last year. Here's a look at their new playbook.
▼ + stars: | 2024-04-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Thirteen months ago, Andy Sieg unexpectedly left Merrill Wealth Management to run Citi's ailing wealth unit. His replacements, Lindsay Hans and Eric Schimpf, had big shoes to fill. Hans and Schimpf were company veterans but lesser known before they were anointed to lead the $3 trillion wealth business attached to behemoth Bank of America. Schimpf is more soft-spoken than his cohead Hans, who was promoted to run the private wealth business one month before Sieg left. AdvertisementMerrill has the benefit of being part of a bank with some 69 million consumer bank clients.

Persons: Andy Sieg, Lindsay Hans, Eric Schimpf, Merrill, Hans, Schimpf, Sieg, Lindsay, it's, Sieg's, Louis Diamond, Schimpf's, Hans said, AdvisorHub Organizations: Service, Merrill Wealth Management, behemoth Bank of America, Business, Merrill, Army, UBS, Schimpf, Northeast, Merrill . Bank of America, Bank of America, Customers, Bank of, First, JPMorgan Locations: Los Angeles, Coast, New York City, Nevada, First Republic, Merrill

SPRINGFIELD, Ill. (AP) — The Illinois Supreme Court will hear an appeal of actor Jussie Smollett's disorderly conduct conviction for staging a racist and homophobic attack against himself in 2019, then lying to Chicago police about it. The court on Wednesday accepted the appeal from Smollett, formerly a cast member of the television drama “Empire.” It will review a December state appellate court ruling that upheld his 2021 conviction by a Cook County jury. A special prosecutor refiled charges against Smollett after Cook County State’s Attorney Kim Foxx dropped the case and Smollett forfeited his $10,000 bond and conducted community service, which Smollett argues ended the case. Testimony at his trial indicated Smollett paid $3,500 to two men whom he knew from “Empire,” which was filmed in Chicago, to carry out the attack. ___Check out the Associated Press' complete coverage of the Jussie Smollett case.

Persons: Jussie, Kim Foxx, Smollett, Freddrenna Lyle, ”, Donald Trump's Organizations: Ill, Chicago, Smollett, Associated Press Locations: SPRINGFIELD, Illinois, Chicago, Cook, MAGA

☆ Credo AI founder on EU AI regulation, transparency and U.S. impact
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredo AI founder on EU AI regulation, transparency and U.S. impactNavrina Singh, Credo AI founder, joins 'Power Lunch' to discuss managing AI risks after the EU passes an act to regulate AI.

Persons: Navrina Singh Organizations: EU

☆ What if Mom’s Not to Blame?
▼ + stars: | 2024-02-27 | by ( Mark Harris | Keita Morimoto | ) www.nytimes.com time to read: +3 min

The past year has brought an exceptionally varied and thematically rich crop of movies exploring men and their — to use the proper scientific term — mommy issues. By the end of most of them, blood is on the floor, and the collateral damage is steep. Men who couldn’t, or worse, didn’t want to, were portrayed as marionettes tied to and practically strangled by their mothers’ apron strings. “I’ve been talking to this psychiatrist about my mother for two years now,” his character says in “Pillow Talk” (1959), adding, “It’s perfectly healthy. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.

Persons: Beau, ”, who’s, Freud, Robert Walker’s simpering, mommy, Anthony Perkins, Norman Bates, Marion Crane, Janet Leigh, Tony Randall, Doris, “ I’ve Organizations: Hudson, The

☆ This startup wants to find cancer faster with AI-powered full-body scans. See the 22-slide pitch deck that got Ezra $21 million.
▼ + stars: | 2024-02-08 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Read previewLast August, Kim Kardashian posted on Instagram that she'd gotten a full-body MRI scan from the startup Prenuvo, which sparked a national conversation about the merits of preventive imaging. With Kardashian's help, the scans were finally making headlines — and healthtech startup Ezra felt their impact. "The day that Kim Kardashian got a scan, even though it wasn't an Ezra scan, our day-over-day revenue spiked," Ezra CEO and cofounder Emi Gal told Business Insider. Those tailwinds have propelled growth for Ezra, which partners with radiology clinics to perform full-body MRI scans. And, with Ezra's scans, that startup has "helped hundreds of people find cancer," he added.

Persons: —, Kim Kardashian, she'd, Ezra, Emi Gal, Amir Dan Rubin, Anne Wojcicki, Vlad Tenev, David Prior, Esther Dyson, — Gal, Ezra Flash, radiologists, Gal, We've Organizations: Service, Business, VC, FirstMark, Firms, Allianz Life Ventures, Mana Ventures, Ventures, Seedcamp, LDV Locations: Gaingels, Republic

☆ Here's what AI startup founders say recent grads should know to land a job in the field
▼ + stars: | 2023-12-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

AI startup CEOs gave Business Insider their top tips for recent grads. 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 . The speed at which the industry moves can be daunting for anyone trying to land a job in AI . Here are the top tips that founders and CEOs of fast-growing AI startups have for recent grads who want to jump into the field.

Persons: —, Ian Cairns, Cairns, Benji Barash, you've, it's, Henry Scott, Green, David Hsu, Navrina Singh, Sam Altman, Singh Organizations: Business, Service Locations: OpenAI

☆ For Latin Grammy Nominee Edgar Barrera, Mistakes Can Be Perfection
▼ + stars: | 2023-11-15 | by ( Jon Pareles | More About Jon Pareles | ) www.nytimes.com time to read: +1 min

“I always try to have real musicians play, even if I found a loop in a music library,” he said. Even if a replayed part has mistakes, he added, “those mistakes in records make it feel more real and authentic. I think that in those mistakes is where the perfection is found.”Where other producers deliver programmed beats and bombast, Barrera offers clarity. And it’s exciting to see 14-, 13-year-old kids playing tololoche, upright bass, the way they slap it. “And I try not to be too complicated, especially because the audience who I’m writing to is a younger generation.

Persons: Barrera, “, ”, bombast, ” Barrera, ” “

The two leaders will meet Wednesday at Filoli, a secluded estate along Northern California’s coastal range. It was built in 1917 as a private residence and later became a National Trust for Historic Preservation site. The estate is about 25 miles (40 kilometers) south of San Francisco, where leaders are gathering for the Asia-Pacific Economic Cooperation leaders’ conference this week. “It appears to be a quiet, secluded estate, where Biden and Xi can have an intimate conversation in a relaxed environment,” Glaser said. The gardens feature in Jennifer Lopez’s film “The Wedding Planner.”——AP writers Didi Tang and Colleen Long in San Francisco, and Zeke Miller and Matthew Lee in Washington contributed to this report.

Persons: Joe Biden, China’s Xi, Bonnie Glaser, Biden, Xi, ” Glaser, ”, Jeremi Suri, “, ” Suri, Ronald Reagan, Mikhail Gorbachev, Suri, William Bowers Bourn, Jennifer Lopez’s, Didi Tang, Colleen Long, Zeke Miller, Matthew Lee Organizations: FRANCISCO, —, National Trust for Historic, Economic Cooperation, German Marshall Fund, APEC, University of Texas Locations: Filoli, Northern, San Francisco, Asia, Austin, Soviet Union, Reykjavik, Washington

☆ Isolationism Makes a Perilous Moment More So
▼ + stars: | 2023-11-08 | by ( Paul A. Gigot | ) www.wsj.com time to read: +1 min

Images: Getty Images/Reuters Composite: Mark KellyI recently looked back at what my predecessor and mentor, Robert Bartley , said in 2002 upon his retirement. He surveyed his 30 years as Journal editor and the progress that had been made. America had won the Cold War, vanquished the stagflation of the 1970s, and quieted the social convulsions of the 1960s and ’70s. “What I think I’ve learned over 30 years,” Bob wrote, “is that in this society, rationality wins out, progress happens, and problems have solutions. This, I like to think, is what happens when a society incorporates the editorial credo of my newspaper, free markets and free people.

Persons: Nikki Haley, Ron DeSantis, Chris Christie, Tim Scott, Vivek Ramaswamy, Mark Kelly, Robert Bartley, ” Bob, “, ” Organizations: America

☆ US stocks close at lowest since June, Treasury yields spike on hawkish Fed
▼ + stars: | 2023-09-21 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Interest rate-sensitive megacaps, led by Amazon.com (AMZN.O), Nvidia Corp (NVDA.O), Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) dragged the S&P 500 and the Nasdaq to their lowest closing levels since June. "It gives people another chance to say that the lag time of higher rates – which we're just starting to feel – might really bite." All 11 major sectors of the S&P 500 lost nearly 1% or more, with real estate stocks (.SPLRCR) suffering its biggest one-day percentage drop since March. The S&P 500 posted three new 52-week highs and 29 new lows; the Nasdaq Composite recorded 22 new highs and 373 new lows.

Persons: Brendan McDermid, Jerome Powell, dampening, Thomas Martin, we're, –, Martin, Rupert Murdoch, Stephen Culp, Ankika Biswas, Shristi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Treasury, Amazon.com, Nvidia Corp, Apple Inc, Inc, UAW, Dow Jones, . Semiconductor, SOX, Klaviyo Inc, Arm Holdings, Fox Corp, News Corp, NYSE, Thomson Locations: New York City, U.S, Atlanta, Philadelphia, New York, Bengaluru

☆ Global central banks unite in "higher for longer" credo
▼ + stars: | 2023-09-21 | by ( Mark John | ) www.reuters.com time to read: +6 min

The so-called "higher for longer" mantra is now the official stance of the U.S. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Tapei. U.S. Federal Reserve policymakers had a similar message on Wednesday. Turkey's central bank confirmed its hawkish turn while in Asia, Taiwan's central bank flagged continued tight policy. Reuters Graphics"TIPPING POINT"Belgian central bank chief and ECB board member Pierre Wunsch - an early voice urging tougher central bank action to counter inflation from end-2021 - said on Thursday that monetary policy was now at the right level. That said, the prospect that global interest rates are pretty close to peak will be of huge relief to emerging economies suffering from heavy debt servicing loads.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann, BoE, Andrew Bailey, Pierre Wunsch, Wunsch, COVID lockdowns, Jerome, Powell, Krishna Guha, Howard Schneider, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, U.S . Federal Reserve, Bank of England, U.S . Federal, Swiss National Bank, South African Reserve Bank, People's Bank of, Reuters, ECB, Reuters Global Markets, Economics, Sterling, Swiss, United, Thomson Locations: Jackson Hole , Wyoming, U.S, Central, Oslo, Tapei, Europe, Norway, Sweden, Asia, People's Bank of China, Belgian, United States, Ukraine, Washington, Frankfurt, London, Stockholm, Zurich, Ankara

☆ Goldman Sachs on why AI is not a bubble and the best ways to play it
▼ + stars: | 2023-09-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The fast advance, while some view as unsustainable, has been supported by strong underlying fundamentals, Goldman said. Goldman highlighted a list of 11 stocks in various industries as "potential near-term beneficiaries of the AI revolution." Marvell Technology and Credo also manufacture related equipment needed to build AI technology, Goldman said. Goldman also identified a handful of companies that use their extensive cloud computing infrastructures to commercialize AI on a large scale. Thirdly, companies that are currently leveraging AI technology to amplify their businesses could also be near-term winners, Goldman said.

Persons: Goldman Sachs, Goldman, Peter Oppenheimer, Salesforce Organizations: Nvidia, Microsoft, Marvell Technology, Technology, Adobe, Intuit, Google, Meta

☆ At Taser maker Axon, ex-staff say loyalty meant being tased, tattooed
▼ + stars: | 2023-08-30 | by ( Scottsdale | ) www.reuters.com time to read: +34 min

Reuters also interviewed 63 current and former Axon employees, including nine former executives. No one with whom Reuters spoke was aware of deaths or lawsuits stemming from tasings of Axon staff. Axon has faced fewer lawsuits since 2009, the year it introduced a new Taser model with a lower charge. Screenshots from an Axon promotional video show CEO Rick Smith taking a Taser hit in 1993, the year he co-founded the business. And that’s off-putting.”Gorman, the former Axon lawyer, said he “vividly” remembers an executive asking him if he was going to be tased.

Persons: Ross Blank, Blank, Steve Tuttle, Shawn Gorman, ”, Jennifer Chatman, Rick Smith, Andrea James, ” James, Axon’s, tasings, ” Blank, Tuttle, Staff tasings, “, Valencia Gibson, Gibson, Reuters –, Axon’s “, Bro, Josh Isner, Isner, James, –, Ann Rosenthal, Rosenthal, ” Rosenthal, Sigma Chi, Smith, ” Smith, ” Michael Church, Hans Marrero, Marrero, ” Marrero, “ I’m, ’ ” Smith, “ It’s, ” Gibson, ” ‘, impressionable, squinting, Keara, Rylan, Mihir Shah, ” Shah, Mario Barth, “ Willing, It’s, Isaiah Fields, Wayne Guay, Lamar Cousins, Cousins, Kevin De Rosa Jr, De Rosa, ” Isner, Smith’s, De Rosa bellowed, They’re, ” Gorman, You’re, Jeffrey Dastin, Paresh Dave Art, John Emerson, Julie Marquis Organizations: Enterprise Inc, Reuters, Haas School of Business, University of California, Staff, Scottsdale, Yorker, U.S . Securities, Exchange Commission, . Occupational Safety, Health Administration, federal, Safety, Health, Labor, Sigma, Harvard, Sigma Chi, Boston Magazine, Harvard’s Sigma Chi, U.S . Marine Corps, YouTube, Employment, Los, Keara Berlin, ” Employees, Los Angeles Police Department, Wharton School, University of Pennsylvania, strapping, Culture Locations: Berkeley, Rome, United States, Arizona, U.S, Las Vegas, Los Angeles, “, Berlin, Sacramento, San Jose , California, tasings, Mandalay, Scottsdale, wasn’t

☆ An under-the-radar AI beneficiary could rally more than 20% from here
▼ + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Growing demand for connectivity solutions as artificial intelligence adoption accelerates should benefit this lesser-known semiconductor name, according to Goldman Sachs. Analyst Toshiya Hari lifted his price target on Credo Technology to $18 from $16 a share, equal to 21% upside from Thursday's close. The higher price target at Goldman comes after AI chipmaker Nvidia 's second consecutive show-stopping quarterly report . Along with reiterating Goldman's buy rating, Hari lifted revenue and adjusted EBITDA estimates by 5% and 4% over the next two years, respectively. Bolton lifted his price target to $20 from $17 in a Friday note, equivalent to more than 34% upside from Thursday's close.

Persons: Goldman Sachs, Toshiya Hari, Goldman, Hari, Credo's, …, bode, Needham, Quinn Bolton, Bolton, — CNBC's Michael Bloom Organizations: Technology, AEC, Nvidia, Microsoft Locations: China

☆ Hedge funds are embracing these near-term AI beneficiaries, according to Goldman
▼ + stars: | 2023-08-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge funds showed great enthusiasm toward tech stocks tied to artificial intelligence during the second quarter, including Nvidia , according to Goldman Sachs. Goldman equity analysts then identified 11 stocks as near-term AI beneficiaries. The smart money hedge funds continued to load up on Nvidia at a rapid pace last quarter following the chipmaker's blowout forecast. Hedge funds also piled into Big Tech names Microsoft , Meta and Amazon, which all have recently made developments surrounding AI. Several hedge funds also added a lesser-known semiconductor name, Credo Technology , last quarter.

Persons: Goldman Sachs, Management's David Tepper, Meta, Goldman, Value's Jeffrey Smith, there's, — CNBC's Michael Bloom Organizations: Nvidia, Big Tech, Microsoft, Meta, OpenAI, Technology, Semiconductor, Marvell Technology

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