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For many investors, the million-dollar question is how far Nvidia can go or whether it can sustain its dramatic growth. Nick Griffin, chief investment officer at Munro Partners, has invested in Nvidia since 2019 — but even he is taken aback by the stock's astronomical run so far. Nvidia's outlook Griffin pointed to industry estimates that showed Nvidia is set to sell $100 billion of its AI accelerators in the next 12 months. Nvidia is currently the largest holding in Griffin's Munro Global Growth fund. Griffin also manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund.
Persons: Nick Griffin, CNBC's, Griffin, we've, there's, Munro Organizations: Nvidia, Munro Partners, Griffin's, Griffin's Munro Global, Fund Locations: Griffin's Munro
Closing arguments start Tuesday in the Manhattan hush-money trial of former Donald J. Trump, signaling the final stages of the first criminal trial of an American president. Both prosecutors and defense lawyers will make their final cases for his guilt or innocence before jurors deliberate Mr. Trump’s fate. While opening statements are restricted to evidence, the prosecution and the defense will use closing arguments to argue how and why the evidence, testimony and law support a specific verdict. Closing arguments are expected to last for most or all of Tuesday and perhaps beyond. After closing arguments, the judge, Juan M. Merchan, will provide instructions to the 12 members of the jury that are meant to guide their deliberations.
Persons: Donald J, Juan M, Merchan, Trump Organizations: Trump
CNN —Highly pathogenic avian influenza, sometimes called bird flu, has been confirmed in alpacas for the first time, according to the US Department of Agriculture’s National Veterinary Services Laboratories. The animals that tested positive were on a farm in Idaho where poultry had tested positive for the virus and were culled in May. The alpacas tested positive May 16, the USDA said in a news release. The gene sequence of viruses isolated from the alpacas shows that it is closely related to the H5N1 viruses that are currently circulating in dairy cattle. Scientists have closely watched the H5N1 virus for roughly two decades.
Persons: Dr, Sanjay Gupta Organizations: CNN, US Department of, National Veterinary Services Laboratories, USDA, CNN Health, Alpaca Owners Association, Scientists Locations: alpacas, Idaho
CNN —Reassuring new evidence suggests that feeding children smooth peanut butter during infancy and early childhood can help reduce their risk of developing a peanut allergy even years later. “Peanut allergy develops very early in most children between six and 12 months of life. The LEAP-Trio trial set out to examine whether that reduced risk of peanut allergy would last into adolescence. At that age, peanut allergy remained “significantly more prevalent” among the children who originally avoided peanuts, with about 15% having a peanut allergy. Among those who originally consumed peanuts, about 4% had a peanut allergy, the researchers found.
Persons: ” Gideon Lack, ” Lack, , Dr, Jeanne Marrazzo, , Purvi, ” Parikh, it’s, Sanjay Gupta, Daniel DiGiacomo, ” DiGiacomo Organizations: CNN, King’s College London, American Academy of Pediatrics, AAP, US National Institute of Allergy, immunologist, NYU Langone, Allergy, Asthma Network, CNN Health, Children’s, Jersey Shore University Medical Locations: United Kingdom, Israel, United States, New York, Neptune , New Jersey
Read previewA Turkish Airlines flight attendant has broken her back after the plane she was on hit turbulence, local media reported. The turbulence hit while the plane was flying over Turkey, Dublin Airport told Business Insider. AdvertisementIt isn't clear if the patch of turbulence hit by the Qatar plane was the same as that which impacted the Turkish Airlines flight. AdvertisementSevere turbulence dislodged oxygen masks and caused injuries to dozens of passengers on Singapore Airlines flight SQ321. Instances of severe injuries linked to turbulence remain rare, with around a dozen people a year badly hurt due to turbulence in the US, according to the FAA.
Persons: , Geoff Kitchen, Stringer, Emma Henderson Organizations: Service, Turkish Airlines, Airbus, Turkey's, Business, Hurriyet, Qatar Airways, Dublin, Dublin Airport, Singapore Airlines, Reuters, Associated Press, FAA, UK's University of Reading Locations: Turkey's, Istanbul, Izmir, Doha, Turkey, Qatar
CNN —Donald Trump’s first criminal trial has arrived at its dramatic final act with lawyers for both sides primed on Tuesday to hammer home their cases before jurors consider a verdict that could make history. They argued during the trial that there was no evidence of criminal intent. The trial has not gripped the attention of the country as it might have were television cameras allowed in the courtroom. And Trump used his multiple criminal indictments to his political advantage in clearing the Republican nominating field. The time off only seems to have escalated Trump’s fury as one of the defining weeks of his life dawns.
Persons: Donald Trump’s, Juan Merchan, Trump, president’s, Todd Blanche, Michael Cohen, CNN’s Kara Scannell, Joshua Steinglass, Blanche, Attorney Alvin Bragg, Stormy Daniels, Cohen, , Elliot Williams, , ” Cohen, Jeremy Saland, you’d, Matthew Colangelo, Daniels, David Pecker, Hope Hicks, Joe Biden, Yorkers, Mike Johnson, Biden, he’s, Merchan, ” Trump, Jean Carroll Organizations: CNN, Manhattan, Attorney, Democrat, “ CNN, Trump, White House, Prosecutors, Justice Department, Republican Locations: New York
CNN —The Supreme Court declined Tuesday to hear a number of cases questioning whether state court juries must have a dozen members when they are weighing serious criminal charges. A series of appeals challenging Florida’s use of six-member juries has been pending at the Supreme Court for months. Six states — Arizona, Connecticut, Florida, Indiana, Massachusetts and Utah — allow six- or eight-member juries to decide felony cases. Justice Neil Gorsuch wrote a dissent from the decision to deny the cases. The Supreme Court declined a similar appeal in 2022 from Arizona.
Persons: Neil Gorsuch, ” Gorsuch, , , Ramos, Jim Crow, — Gorsuch, Brett Kavanaugh —, Gorsuch Organizations: CNN, Supreme, Court Locations: Arizona , Connecticut, Florida , Indiana , Massachusetts, Utah, Florida, ” Florida, . Louisiana, Louisiana, Oregon, Arizona
Prosecutors from the Southern District of New York are fighting a legal battle on two fronts. The government’s ability to sketch a clear and convincing picture for the jury despite these growing constraints will likely determine Menendez’s legal fate. “(She) communicated with the bribe payers, she passed messages to Menendez, and she collected some of the bribes,” Pomerantz said. Rob Menendez – rotten to the core.”Menendez Jr. directly addressed that line of attack in a recent spot of his own. But for Menendez, the senator and father, the will of the 8th District’s primary voters could weigh heavily on his political future – and legacy.
Persons: New Jersey Sen, Bob Menendez, Sidney Stein, Stein, Menendez, Prosecutors, , Menendez –, Will Menendez, Donald Trump, Nadine, Nadine Menendez, Avi Weitzman, , Lara Pomerantz, ” Pomerantz, , Rob Menendez Jr, Ravi Bhalla, Bhalla, Rob Menendez, Rob Menendez –, ” Menendez Jr, That’s, ” Menendez, “ I’m Organizations: New, New York CNN, New Jersey Democrat, Southern, of, US, McDonnell, United, Manhattan Criminal, Congressional, Democratic, Hoboken, Garden State Democrats ’ Locations: New York, New Jersey, Manhattan, Hudson, of New York, United States, Lower Manhattan, North Jersey’s, “ Jersey
Just because CNBC's Jim Cramer thinks investors should own Nvidia — not trade it — doesn't mean he thinks they should buy it right now. On Tuesday, he said he still believes in the company but explained why the stock's rally may not continue. "While Nvidia's a great company with a great stock, in the end, it's still a stock. Cramer reaffirmed his belief that Nvidia, which hit a new high Tuesday, "pretty much owns AI, and AI pretty much owns the future," saying the company has been focused on developing extremely fast chips for decades. "The buyers haven't repealed the laws of what governs a stock, even if that stock is Nvidia," he said.
Persons: CNBC's Jim Cramer, it's, there's, Cramer, Ben Reitzes, Dan Fitzpatrick, Fitzpatrick Organizations: Nvidia
But it was in another courthouse just down the street that Mr. Trump’s wily mentor, Roy Cohn, pulled off one of his greatest legal feats. It was Mr. Cohn who taught Mr. Trump how to manipulate the law, and other people, to his advantage. Mr. Trump always admired Mr. Cohn’s bravado and belligerence; Mr. Cohn’s whole worldview seemed to validate the young developer’s crassest instincts. “If you need somebody to get vicious,” Mr. Trump once said, “hire Roy Cohn.” His legal strategy boiled down to: Delay and deny. Mr. Trump’s lawyers have aggressively sought every delay possible and called for mistrials or new judges on a regular basis.
Persons: Donald Trump, Trump’s, Roy Cohn, Cohn, Trump, Cohn’s, Mr, , Don’t, , Juan Merchan Organizations: Truth
Mr. De Niro said that Mr. Trump had engaged in a “coward’s violence” after the 2020 election. The news conference was the sort of thing the Trump campaign would have done from the beginning if the political situation were reversed. The Biden campaign has rarely discussed that case or the verdict against Mr. Trump. Mr. Trump has sought to tie together all four of his pending criminal cases and has argued baselessly that Mr. Biden is behind them all. Steven Cheung, a Trump campaign spokesman, said the Biden campaign was “making a political mockery” of the criminal case with its appearance.
Persons: Donald J, Biden’s, Biden, Robert De Niro, Harry Dunn, Michael Fanone, Trump, De Niro, , surrogates, Trump’s, , Jean Carroll, Carroll, The Biden, , Mr, “ We’re, ” Michael Tyler, Jason Miller, De, Steven Cheung, Karoline Leavitt Organizations: U.S . Capitol Police, Mr, Capitol Police, Biden Locations: Manhattan, Trump’s Manhattan, Georgia
CNN —A federal appeals court, including two Donald Trump appointees, ruled Tuesday that the Democratic-lean of Washington, DC’s, population does not make its jury pool too biased to try a January 6 Capitol rioter case. The DC US Circuit Court of Appeals, in an opinion written by Barack Obama-appointed Judge Patricia Millett and joined by Judges Gregory Katsas and Neomi Rao, both Trump appointees, rejected the version of the argument put forward by Webster. “Webster asserts that the District overwhelmingly voted for President Biden and historically votes for Democratic candidates. … That may be,” Millett wrote. “Generalized disapproval of criminal conduct — even the specific conduct at issue in a defendant’s case — says nothing about a juror’s ability to be impartial in deciding whether a particular individual committed a crime or not.”
Persons: Donald Trump, Thomas Webster, Barack Obama, Patricia Millett, Gregory Katsas, Neomi Rao, Webster, “ Webster, Biden, ” Millett, Richard Nixon, , Organizations: CNN, Democratic, Capitol, New York Police, Trump, DC, Circuit, Appeals, DC Circuit Locations: Washington, DC’s
Storms unloaded hurricane-force wind gusts across the Dallas area, with Dallas Fort Worth International Airport recording a wind gust of 77 mph early Tuesday as power outages in the area started to skyrocket. KTVTThe power outages started to ramp up early Tuesday morning in the Dallas area, then extended south with the storms as they roared across the state, according to PowerOutage.us. Large hail, lightning and wind gusts as strong as 80 mph are the main threats with any storm. Dallas is the second major Texas city to have critical power infrastructure damaged by severe weather in less than two weeks. Storm damage is seen in the Dallas-Fort Worth, Texas, area on May 28, 2024.
Persons: Houston’s George, Storms, Clay Jenkins, Grant Cruise, Oncor, , ” Cruise, it’s, Jenkins, Andy Rose Organizations: CNN, Dallas Fort Worth International, Dallas, Houston’s George Bush Intercontinental, White House, National Weather Service, Sunday, Houston, , Dallas County, Texans Locations: Texas, Dallas, Houston, Terrell , Texas, PowerOutage.us, Dallas County, Louisiana, Oklahoma, Fort Worth, Harris County, Fort Worth , Texas
Super Micro Computer emerged as an investor darling early this year, as Wall Street unearthed the stock, driving it higher with gains that rivalled even Nvidia's. After Nvidia reported blockbuster earnings last Wednesday, Super Micro's shares were rocky again. The prominence of data centers in the AI boom is another tailwind for Super Micro, BofA noted, given the cooling needs of such centers. BofA reiterated its buy rating on Super Micro, giving it a price target of $1,090, or potential upside of about 23%. In a May 20 note, JPMorgan said it has an overweight rating on Super Micro.
Persons: BofA, Supermicro, Paul Meeks, Meeks, JPMorgan, — CNBC's Michael Bloom Organizations: Micro, Super, Nvidia, Wall, Portfolio Management, CNBC, JPMorgan, Intel, AMD Locations: United States
Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. On top of Tesla and X, Musk also runs SpaceX, Neuralink, AI startup xAI, and an underground tunnel company. AdvertisementAt Tesla, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. AdvertisementOther former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.
Persons: , Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, that's, Weeks, Kali Hays, Levenson Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, Getty, New York Times, National Labor Relations, BI, NLRB, Musk's SpaceX, Twitter's Locations: York
Former President Donald Trump looks on before the start of trial at the Manhattan Criminal Court during trial in New York City May 20, 2024. Closing arguments in the criminal hush money trial of Donald Trump are set to begin in New York on Tuesday, with jurors on track to begin deliberations in the historic case the following day. If convicted, Trump faces a possible maximum sentence of four years in prison for each felony count. He denies Daniels' claim that the two had sex once in 2006, months after his wife Melania gave birth to their son, Barron. Matthew Colangelo told jurors that the hush money payment to Daniels, and the reimbursements to Cohen, amounted to "election fraud.
Persons: Donald Trump, Michael Cohen, Cohen, Stormy Daniels, Trump, Daniels, Melania, Barron, D.A, Matthew Colangelo, Joe Biden Organizations: Manhattan, New York City, Attorney's Locations: New York, U.S, Manhattan
The conventional wisdom is that Donald Trump’s trial over his alleged efforts to buy the silence of a porn star on the eve of the 2016 election is the least important of the cases against him. Politically that may be true. But more than any of the other cases, this one is revealing of a trend ailing America today: how much we’ve lost our moorings as a society. To my mind, one of the saddest things that has happened to America in my lifetime is how much we’ve lost so many of our mangroves. They are endangered everywhere today — but not just in nature.
Persons: Donald Trump’s Organizations: Conservation International Locations: America, Brazil
Labeling this as a 10-minute sandwich makes it seem deceptively low-effort, but I still enjoyed it. In total, I spent a little under $50 to make the sandwich. In addition, Ramsay didn't really give exact timing for each step, so it was hard to know when things were "done." Each ingredient in Ramsay's steak sandwich added a delicious pop of flavor, and it wasn't as expensive to make at home as I'd anticipated. I spent a little under $50 for all the ingredients and had plenty left over for additional tries.
Persons: Lara Walsh, Ramsay didn't, Ramsay, I'm
CNN —Memorial Day is here, and soon summer will arrive. With Memorial Day gatherings getting underway in the US, how worried should people be about the coronavirus and bird flu? In addition, raw milk is not safe to drink. Moreover, one hypothesis for how avian flu is being transmitted is through raw milk. People should not consume unpasteurized milk or products made from raw milk.
Persons: CNN —, Leana Wen, Wen, Cook, We’ve, Stígur Már Karlsson, Organizations: CNN, George Washington University, Covid, US Centers for Disease Control, US Food and Drug Administration, US Department of Agriculture Locations: United States
PARIS, France — There will be no magical run, no age- and injury-defying push into the deep end of the competition. AdvertisementThe end officially arrived at 6:28, with a final miss off the Spaniard’s racket, forced by Alexander Zverev, who prevailed 6-3, 7-6, 6-3. A clump of two dozen that is used to getting choice seats clogged the entryway to the president’s box. Ultimately, that is what doomed him on a chilly and dreary afternoon and evening under the roof on Chatrier. He hit serves that became easy chances for Zverev to go on the defensive, and groundstrokes into the middle of the court that Zverev pounded for winners.
Persons: Rafael Nadal, Roland Garros, Alexander Zverev, Nadal, Philippe, Chatrier, , Emmanuel Dunand, He’d, hadn’t, Zverev, Brenda Patea, he’d, Mateo Villalba Organizations: Nadal, Getty Locations: PARIS, France, AFP, Paris, German, Berlin, Germany
Or, in other cases, it can open the door to new options for the treatment of obstructive sleep apnea. Treating obesity and addressing sleep apnea Sleep apnea is a serious sleep disorder that results in interrupted breathing, preventing patients — and even their sleeping partners — from getting restful and restorative sleep. Obstructive sleep apnea, the most common form, occurs when muscles in the throat relax and collapse preventing air flow. Before qualifying for the device, patients usually need to have tried treatment with a CPAP machine and an oral device and been unsuccessful. He downgraded Inspire shares to hold at the beginning of the year due to this uncertainty he was anticipating.
Persons: Eli Lilly's Zepbound, Anthony Petrone, Medical's, Eli Lilly, Tim Herbert, Zepbound, Herbert, FactSet, Petrone, UnitedHealth, Jonathan Block Organizations: Novo Nordisk's, Mizuho Securities, CNBC, Systems, Inspire, American Diabetes Association, Drug Administration, National Institutes of Health, BMI Locations: U.S
Investor darling Nvidia continued its artificial intelligence-fueled boom, with its earnings beating expectations last week. But some analysts are worried about a potential slowdown in growth from the previous quarter, or an "air pocket" in sales toward year-end. But investors who are worried about being overexposed to Nvidia or who want to make their portfolios more balanced could consider replacing their Nvidia allocation or complementing it with other growth stocks with a low correlation to the chipmaker. Using FactSet, CNBC Pro screened four exchange-traded funds for stocks that have negative or low correlation to Nvidia in the past month. The ETFs are Vanguard S & P 500 Growth ETF, Schwab U.S. Large-Cap Growth ETF, Vanguard Russell 1000 Growth ETF and Fidelity Enhanced Large Cap Growth ETF.
Persons: Lucas Keh, Nancy Tengler, CNBC's, Vanguard Russell Organizations: Nvidia, Investments, CNBC Pro, Schwab U.S, Growth, Vanguard, Fidelity
New York CNN —Severe weather on Sunday caused a brief outage on NBC during its Indianapolis 500 broadcast ahead of the start of the race. The storms have also disrupted the famed motor race, causing delays, evacuations and the satellite outage. “During pre-race coverage, severe weather impacted our signal and temporarily interrupted our feed,” an NBC Sports spokesperson told CNN in a statement. “Rain so heavy it took out the NBC satellite uplink from the Indy 500. But the Indianapolis Motor Speedway said Sunday that the blackout was lifted because of the upheaval.
Persons: , , Kevin Lighty, WCNC, A9DNdIPYoX, NBC’s, CNN’s Sam Joseph Organizations: New, New York CNN, NBC, Indianapolis, NBC Sports, CNN, Indy, CBS, Indianapolis Motor, Indianapolis Motor Speedway, Speedway, WTHR Locations: New York, United States, Illinois, Indiana, Central Indiana
AdvertisementGetting accepted is just the startThe Manhattan mental health court is one path available to those who plead guilty to felonies. Related storiesMerchan is the sole judge of the mental health court in all of Manhattan, and has presided over it since its founding in 2011. If the office allows it, a mental health court treatment plan can become part of their plea agreement, which includes different consequences for failures. "It's really hard, a huge burden to even get so far as to be accepted into mental health court," said Orlins. If you fail the mental health court program in such a dramatic fashion, the next step can be a sentencing hearing.
Persons: , Donald Trump's, Stormy Daniels, Juan Merchan, Merchan, Donald Trump, Curtis Means, Trump, I'm, Eliza Orlins, Justice Juan M, Seth Wenig, Juan Merchan's, ANGELA WEISS, Orlins, Jane Rosenberg, Iris Organizations: Service, Republican, Business, New, Trump, Justice, AP, Manhattan, Attorney's, Getty, Associated Press Locations: United States, Washington, Manhattan, New York City
Her book “Over the Influence: Why Social Media Is Toxic for Women and Girls — And How We Can Take It Back” was recently published by Alcove Press. Unsurprisingly, the game has resulted in many calls to 911, car crashes, a school evacuation and dangerous confrontations with actual gun owners. Of course, it’s easy to see why kids are playing “senior assassin”: they’re trying to connect with one another. Their generation spends less time with friends and more on social media. As police have warned, someone who thinks they’re in danger from an actual gun might meet a kid playing this game with deadly violence.
Persons: Kara Alaimo, , , , Kaylin Gillis, It’s, shouldn’t, what’s, I’ve, toymakers Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, USA, YouTube, University of Michigan’s, Pew Research, Twitter Locations: New York
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