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☆ These are the stocks to play the next 'bottleneck' in AI, according to the pros
▼ + stars: | 2024-06-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But the next bottleneck in AI infrastructure — and one to invest in — is networking, according to tech analysts. An increase in investment in generative AI model training and inference will drive the AI networking spending growth of 34% over the next five years, said the firm. "Networking creates a performance bottleneck for generative AI model development," Morningstar's analysts said. "Well-positioned networking firms are a great second derivative play to invest in generative AI," they added. Stocks to play the trend Marvell Technology is Morningstar's top pick to play the generative AI networking trend, with the firm saying it is "attractively undervalued" currently and giving investors an "immediately opportunity" to tap rising generative AI networking investment.

Persons: There's, Clare Pleydell, William D, Kerwin, Brian Colello, Morningstar, Bouverie Organizations: Nvidia, Microsoft, Networking, Morningstar, Liontrust Asset Management, CNBC, That's, Marvell, Arista Networks, Broadcom, Arista, Meta

☆ Blistering AI demand drives a beat and raise at our other chipmaker Broadcom
▼ + stars: | 2024-06-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. And it's a good thing that Broadcom wants to make its stock more accessible to investors and employees. Broadcom said the spending run rate at VMware was $1.6 billion in the quarter, down from $2.3 billion per quarter pre-acquisition. Outlook Following the strong first half of its fiscal year 2024, Broadcom raised both its revenue and adjusted EBITDA outlook. The positively revised update is above FactSet estimates of $50.58 billion in revenue and $30 billion of adjusted EBITDA.

Persons: Hock Tan, we've, Tan, Jim Cramer's, Jim Cramer, Jim, Broadcom Lucas Jackson Organizations: Broadcom, VMware, Revenue, Club, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Lam, Chipotle, Walmart, Apple, Infrastructure Software, CNBC Locations: Hock

☆ Jim Cramer shares his thoughts on Shopify, Reddit, Uber, Arista Networks and Dutch Bros
▼ + stars: | 2024-05-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Shopify : Shares tumbled around 20% after the e-commerce platform said its second-quarter gross margins were expected to be lower than the first quarter. So, do you buy Shopify? "Buy Reddit right here, and the reason why you buy Reddit is there's a shortage of places to put advertising" as more dollars leave traditional channels, Cramer said. Arista Networks : Shares rose nearly 7% after the provider of networking technology delivered better-than-expected quarterly results driven by AI spending from cloud-computing giants. Dutch Bros : Shares jumped 12% after the Oregon-based coffee chain reported a 10% increase in first-quarter same-store sales.

Persons: Jim Cramer's, Jim Cramer, Cramer, company's Organizations: CNBC, Club, Technologies, Arista Networks, Nvidia's, Nvidia, Starbucks Locations: Oregon

☆ The S&P 500's recent slump feels worse than it is. Here's some market perspective
▼ + stars: | 2024-04-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Sometimes the market just wants to come down even if the bonds are better," Jim Cramer said Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, we're, Abbott, We'll, Cramer, bode, Kinder, homebuilder D.R, Horton, Blackstone, Jim Cramer's, Jim Organizations: CNBC, United Airlines, UnitedHealth, Abbott Labs, Abbott Laboratories, Wall, Nvidia, Arm Holdings, Abercrombie, Fitch, Barclays, Broadcom, HSBC, Biotech, CSX, Alcoa, Alaska Air, Jim Cramer's Charitable Locations: what's

☆ Top Wall Street analysts pick these 3 stocks for attractive returns
▼ + stars: | 2024-03-31 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.

Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S

☆ Nvidia CEO Jensen Huang says supply constraints are easing 'overall'
▼ + stars: | 2024-02-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Jensen Huang said Nvidia's supply issues are easing as it struggles to keep up with demand for its chips amid the AI boom. "Overall, our supply chain is just doing an incredible job for us," Huang said. "We'll do our best and the cycle times are improving," Huang said. This story is available exclusively to Business Insider subscribers.

Persons: —, Jensen Huang, Huang Organizations: Service, Nvidia, Business Locations: InfiniBand

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ Cisco stock plunges on light guidance after product order slowdown
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

During the quarter, new product orders slowed down, mainly because clients are busy installing and implementing products after strong delivery in the three previous quarter, Cisco said in the statement. The company now sees $3.87 to $3.93 in adjusted earnings per share on $53.8 billion to $55.0 billion in revenue. During the quarter Cisco announced plans to acquire data analytics software maker Splunk for $28 billion. Notwithstanding the after-hours move, Cisco share have climbed 12% so far this year, trailing the S&P 500 index, which is up 17% over the same period. WATCH: Cisco earnings on the deck: Here's what to watch

Persons: Chuck Robbins, LSEG, Refinitiv, Robbins Organizations: Cisco, LSEG, Nvidia Locations: Davos, Switzerland

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Wall Street has a new favorite AI pick
▼ + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts on Wall Street think Arista Networks is the next premier artificial intelligence play. On Monday, the company reported a blowout third quarter that surpassed Wall Street expectations on both the top and bottom lines. Moving forward, analysts think the company can be the top player in the Ethernet application of AI. "While there remains risk heading into the 800G cycle, we continue to think Arista is well positioned." The analyst reiterated Arista as a top AI pick into 2024.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's Meta Marshall, Marshall, Atif Malik, Malik, capex, Michael Bloom Organizations: Arista Networks, Arista, FactSet, Barclays, Citi Locations: Infiniband

☆ Citi says this networking equipment stock is an early AI play that can jump nearly 20%
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Arista Networks could be an early way to get into artificial intelligence, according to Citi. Analyst Atif Malik upgraded the networking equipment stock to buy from neutral and raised his price target to $220 from $177. He also said AI can create a business opportunity between $2 billion and $5 billion over the next three to five years. Malik said Arista's investor day in November could be a positive catalyst for the stock. ANET YTD mountain Arista Networks, year to date — CNBC's Michael Bloom contributed to this report

Persons: Atif Malik, Malik, hyperscaler capex, Michael Bloom Organizations: Arista Networks, Citi, Arista, Nvidia, Microsoft, Meta

Here are three major reasons why Nvidia stock — which has amore than tripled so far in 2023 — has not finished its climb, justifying our $600-per-share price target. That's because Wall Street's earnings estimates have been revised much higher than Nvidia stock's more-than-3% post-earnings gain. A forward price-to-earnings (P/E) ratio is calculated by dividing a company's stock price by its annual earnings-per-share (EPS). Using Thursday's midday price of roughly $486 per share, Nvidia stock trades at a 46.6 P/E, based on fiscal year 2024 estimates. That makes Nvidia's stock rally largely an earnings-driven story, not an ascent rooted in multiple expansion.

Persons: Nvidia's, —, Wall, Jensen Huang, Huang, Colette Kress, Grace Hopper Superchip, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nvidia, Micro Devices, Intel, Microsoft, Oracle, Consumer, IDC, Broadcom, AMD, Jim Cramer's Charitable, CNBC Locations: Wednesday's, Santa Clara , California

☆ 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

☆ Cisco CEO says AI is already becoming a huge new market after it 'missed' the initial cloud computing boom
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cisco CEO surprised analysts by mentioning it had already sold half a billion dollars of AI gear. Cisco is trying to woo cloud companies away from offerings by Nvidia. "To date, we have taken orders for over half a billion dollars for AI Ethernet fabrics. But Robbins says this new AI cloud market will be triple or more the size of the original and, this time, he plans to make sure Cisco gets its share. And, you know, unfortunately for us, as it's been well documented, we missed the original cloud build out," Robbins said.

Persons: it's, Chuck Robbins, That's, Infiniband, Robbins, Morgan Stanley, Meta Marshall, Julie Bort Organizations: Cisco, Nvidia, Morning, Mellanox Technologies, AMD, Arista, Broadcom, HPE, Intel, Meta, Microsoft, Google, Facebook, Arista Networks, Twitter

☆ Wall Street is bullish on Big Tech heading into earnings — here's what we think
▼ + stars: | 2023-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Wall Street kicked off the week with bullish takes on several high-flying tech stocks in the portfolio — validating our decision to stick with these mega-caps heading into quarterly earnings. It's also important to understand that some price target raises are just chasing a big move, and that the price reaction to an earnings release has less to do with the results and much more to do with expectations. It's also why Citigroup also put AMD on a "negative catalyst watch," meaning it is negative on the stock heading into earnings. In the analysts' view, Apple has an opportunity to grow its revenue by seven times in the U.S. over the next decade to about $40 billion, while adding 170 million new users. Microsoft What the analysts say: Analysts at Mizuho reiterated their buy rating on Microsoft while taking up their price target to $390 from $360.

Persons: bullish, Meta, It's, CUDA, Morgan Stanley, we're, —, Jim Cramer, monetize, Jim Cramer's, Jim, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, Microsoft, Devices, Citigroup, AMD, Intel, Mizuho, Activision Blizzard, JMP Securities, Jim Cramer's Charitable, CNBC, Afp, Getty Locations: U.S, China, India, Taipei

☆ 3 stocks set to lead a booming AI networking market that will grow 5x to $10 billion by 2027, according to Bank of America
▼ + stars: | 2023-06-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Bank of America says silicon-based chips are expected to grow to $10 billion by 2027InfiniBand (IB) and ethernet can both be used for AI computer networks. But Bank of America expects the global AI software market to reach $900 billion by 2026, up from just under $600 billion this year. But generative AI isn't like your average search engine. As big-tech cloud providers begin to integrate generative AI into their centers, the demand for things such as networking silicon is set to skyrocket. The investment bank expects ethernet to attract most of the $10 billion market share, growing from $500 million to $6 billion by 2027.

Persons: InfiniBand, Vivek Arya Organizations: of America, Nvidia, Broadcom, Marvell Technology, Nasdaq, Microsoft, Google, Bank of America, IB

May 31 (Reuters) - Specialized cloud computing provider CoreWeave has raised $200 million in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative AI boom. The funding, which valued the company at more than $2 billion, comes weeks after CoreWeave raised $221 million from investors including Magnetar Capital and Nvidia (NVDA.O). CoreWeave specializes in providing cloud computing services based on graphics processing units (GPUs), the category of chip pioneered by Nvidia that has become central to artificial intelligence (AI) services like OpenAI's ChatGPT. CoreWeave sells computing power to those AI companies, competing with cloud computing service providers such as Microsoft Azure and Amazon's AWS. (MSFT.O), (AMZN.O)CoreWeave aims to stand out by building its data centers differently for AI work, using a networking technology called InfiniBand to link computers together instead of Ethernet cables that are the current standard in most data centers, McBee said.

Persons: CoreWeave, Brannin, McBee, Krystal Hu, Stephen Nellis, Himani Sarkar Organizations: Magnetar, Magnetar Capital, Nvidia, ChatGPT, Microsoft, AWS, Thomson Locations: New York, San Francisco

☆ Broadcom releases chip for wiring together AI supercomputers
▼ + stars: | 2023-04-18 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

April 18 (Reuters) - Broadcom Inc (AVGO.O) on Tuesday released a new chip for wiring together supercomputers for artificial intelligence (AI) work using networking technology that is already in wide use. Broadcom is a major supplier of chips for Ethernet switches, which are the primary way the computers inside conventional data centers are connected to one another. But the rise of AI applications like OpenAI's ChatGPT and Alphabet Inc's (GOOGL.O) Bard have presented new challenges for the networks inside data centers. Broadcom on Tuesday announced a new chip, Jericho3-AI, which can connect up to 32,000 GPU chips together. The Jericho3-AI chip will compete with another supercomputer networking technology called InfiniBand.

☆ Nvidia says it is working with Microsoft to build 'massive' cloud AI computer
▼ + stars: | 2022-11-16 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif, Nov 16, (Reuters) - U.S. chip designer and computing firm Nvidia Corp (NVDA.O) on Wednesday said it is teaming up with Microsoft Corp (MSFT.O) to build a “massive” computer to handle intense artificial intelligence computing work in the cloud. The AI computer will operate on Microsoft’s Azure cloud, using tens of thousands of graphics processing units (GPUs), Nvidia’s most powerful H100 and its A100 chips. “We're seeing a broad groundswell of AI adoption ... and the need for applying AI for enterprise use cases.”In addition to selling Microsoft the chips, Nvidia said it will partner with the software and cloud giant to develop AI models. Buck said Nvidia would also be a customer of Microsoft’s AI cloud computer and develop AI applications on it to offer services to customers. This is important as heavy AI computing work requires thousands of chips to work together across several servers.

☆ High-performance computing saves the day
▼ + stars: | 2022-11-14 | by ( Sponsor Post | Sponsored Microsoft Azure | ) www.businessinsider.com time to read: +4 min

Whether there's a cyberattack or a heart attack, Microsoft Azure's high-performance computing solutions and Intel's processing speed empower Dataville's citizens to thwart danger, protect themselves, and innovate to create a better city. Dataville makes sustainable changesWhen Dataville senses that one unscrupulous factory in town is polluting the air, it's able to act quickly. Dataville provides better healthcareWhen Dataville citizens have a health crisis, healthcare providers can save the day. See how Microsoft Azure and Intel can give you superpowers. This post was created by Insider Studios with Microsoft Azure and Intel.

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