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☆ Cramer: The 'proximate cause' of Super Micro's 23% drop Friday? Go back to March 8
▼ + stars: | 2024-04-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

At law school, we learned about "proximate cause," one of the few valuable concepts you can take from three years of drudgery. But was that the proximate cause? No, the real proximate cause, the one that's really at fault, was the February unemployment report, which came out on March 8. At the time, many thought the proximate cause of Nvidia's pirouette was the performance of two chipmaker peers. Surely those two updates couldn't be the proximate cause of the peak of Nvidia, right?

Persons: It's, Let's, pirouette, Matt Murphy, Jay Powell, Powell, Zeus, Biden, Jim Umpleby, ferociously, Jeff Marks, Morgan Stanley, haven't, Mills, Jim Cramer's, Jim Cramer, Jim, Ann Wang Organizations: Nvidia, hasn't, Marvell Technology, Club, Broadcom, Marvell, Federal, Caterpillar, Microsoft, Nasdaq, Apple, Procter, Gamble, Jim Cramer's Charitable, CNBC, Micro Locations: It's, what's, Wells Fargo, Taipei, Taiwan

☆ Marvell CEO Matt Murphy goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-11 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Marvell CEO Matt Murphy goes one-on-one with Jim CramerMarvell Chairman, President and CEO Matt Murphy joins 'Mad Money' host Jim Cramer to talk the AI sector, new targets announced at its AI event today, and more.

Persons: Matt Murphy, Jim Cramer Marvell, Jim Cramer

☆ Anthropic-backer Menlo Ventures is preparing for a 'gold rush' of AI infrastructure startups. Here's why.
▼ + stars: | 2024-03-18 | by ( Samantha Stokes | Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Menlo Ventures has been an early backer of AI powerhouses including security startup Abnormal, LLM developer Anthropic, and vector database Pinecone. "AI itself is not new, I think it's just how mainstream it's become," Matt Murphy, a Menlo Ventures partner who invests in SaaS and robotics startups, told Business Insider in an interview. AI's "picks and shovels"Murphy and fellow Menlo Ventures partner Tim Tully say that 2024 will be a big year for the "picks and shovels" of AI. There's room in the game for more LLMsSam Altman's OpenAI has been at the forefront of the generative AI revolution. Other vector database startups including Chorma and Weaviate have also raised millions from VCs.

Persons: —, Siri, Warby Parker, Matt Murphy, OpenAI, AI's, Murphy, Tim Tully, Tully —, Sana, Lindy, we've, Tully, Sam Altman's OpenAI, it's Organizations: Service, Valley's, Menlo Ventures, Business, Menlo, Cisco, Oracle, Meta, Google Locations: Snowflake, Anthropic

☆ Marvell shares fall as chipmaker forecasts downbeat first-quarter results on weak enterprise demand
▼ + stars: | 2024-03-07 | by ( ) www.cnbc.com time to read: +1 min

The Marvell Technology Group Ltd. headquarters building stands in Santa Clara, California, U.S., on Tuesday, Feb. 8, 2011. Marvell Technology forecast first-quarter results below market expectations on Thursday, hurt by weak demand for its custom chips used in artificial intelligence applications, sending the company's shares down about 8% in extended trade. The company had flagged in November that it expects roughly half its revenue to decline in the first quarter, weighed down by weak demand in its wireless carrier and enterprise markets. The company forecast first-quarter adjusted earnings per share of 23 cents, plus or minus 5 cents, compared with estimates of 40 cents per share, according to LSEG data. The company reported fourth-quarter revenue of $1.43 billion, beating estimates of $1.42 billion, on the back of rapid adoption of artificial intelligence.

Persons: Marvell, Matt Murphy Organizations: Marvell Technology Group, Marvell Technology, Marvell, Revenue Locations: Santa Clara , California, U.S, Marvell

☆ Jenny Cavnar makes history as the first woman to serve as an MLB team’s primary play-by-play announcer
▼ + stars: | 2024-02-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —For the first time in Major League Baseball history, a woman will be the primary play-by-play voice of a major team. NBC Sports California said Tuesday it has chosen Jenny Cavnar, a broadcasting veteran with nearly two decades of baseball experience, for the prestigious role. “It is a dream come true to join the broadcast team for the Oakland A’s and their rich baseball history,” Cavnar said in a release. Doris Burke is among the NBA’s most well-respected color commentators, and she has been broadcasting national games for ESPN for 11 years. And in 2018, Andrea Kremer and Hannah Storm called an NFL game for Amazon, the first all-woman booth for a professional football national broadcast.

Persons: Jenny Cavnar, ” Cavnar, Cavnar, ”, Jenny, Matt Murphy, “ She’s, who’s, Suzyn Waldman, Jessica Mendoza, Doris Burke, Andrea Kremer, Hannah Storm, Chanda Rubin, CoCo Vandeweghe Organizations: New, New York CNN, Major League Baseball, NBC Sports California, Oakland Athletics, Oakland, “, Colorado Rockies MLB, NBC, MLB, NBC Sports, Yankees, ESPN’s, ESPN, Amazon, Tennis Channel, English Premier League, Sky Sports Locations: New York, Bronx

☆ Cramer's Lightning Round: 'I don't like AT&T'
▼ + stars: | 2023-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Lucid's year-to-date stock performance. Stock Chart Icon Stock chart icon Occidental Petroleum's year-to-date stock performance. Stock Chart Icon Stock chart icon Adient's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Edwards Lifesciences' year-to-date stock performance.

Persons: Northrop, you've, I'm, hasn't, Warren Buffett, Matt Murphy, Matt, Emerson, Edwards Lifesciences, Edwards Organizations: Northrop Grumman, Occidental, Occidental Petroleum, Marvell, Broadcom

☆ Copper is critical to energy transition. The world is falling way behind on producing enough
▼ + stars: | 2023-09-27 | by ( Bob Woods | ) www.cnbc.com time to read: +8 min

watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.

Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio

☆ Marvell CEO Matt Murphy talks earnings and AI growth
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarvell CEO Matt Murphy talks earnings and AI growthMarvell CEO Matt Murphy joins 'Closing Bell Overtime' to talk quarterly earnings, AI growth, the semiconductor industry as a whole and more.

Persons: Matt Murphy

☆ Ron DeSantis accused Trump of 'going left' on fiscal and cultural issues and called the former president 'a different guy' compared to his 2016 run
▼ + stars: | 2023-05-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

DeSantis said Trump is running from the "left" as the Fla. governor has now entered the 2024 race. In a range of interviews, DeSantis sought to assert himself as the true conservative in the primary. Ron DeSantis of Florida on Thursday wasted little time going after former President Donald Trump after announcing his White House run, accusing the ex-commander-in-chief of "going left" on fiscal and cultural issues. Despite DeSantis' appeal among many conservatives looking to move past the Trump era, the former president remains the frontrunner for the Republican presidential nomination. As of May 27, the national polling average on FiveThirtyEight had Trump ahead of DeSantis 53.9%-20.4%.

☆ Marvell Technology shares surge after earnings beat. Here's how to play it
▼ + stars: | 2023-05-26 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Marvell Technology . The chipmaker's stock hit a new 52-week high Friday. A day earlier, Marvell posted beats on the top and bottom lines in its latest quarterly report. On a conference call with analysts, CEO Matt Murphy said artificial intelligence is a "key growth driver," and the semiconductor company is now reassessing how it looks at the "tremendous" business potential of AI. Marvell shares gained 32.4% Friday.

☆ Marvell's shares get AI boost a day after Nvidia's surge
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

May 26 (Reuters) - Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger peer Nvidia Corp (NVDA.O) signaled the huge potential for the technology. The gains were set to add nearly $10 billion to Marvell's market value as investors chase exposure to AI to counter weakness in many technology companies' traditional services and products. At least 17 brokerages raised their price targets on Marvell, taking the median price target to $65, implying a 31% upside to the stock's last close. The brokerage expects a demand boost from areas such as 5G, auto and AI-based products to offset weakness in enterprise networking, wired carrier and legacy data centers. Major cloud computing players Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O) are adding the latest AI technology to their products in hopes of boosting demand at a time the weak economy has been a drag on their growth.

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

☆ AI startup cloud deals by Microsoft, Google and Amazon ring 'accounting alarm bells' across Silicon Valley over revenue 'round-tripping'
▼ + stars: | 2023-05-19 | by ( Eugene Kim | Stephanie Palazzolo | ) www.businessinsider.com time to read: +10 min

Some investors question whether these arrangements are artificially juicing cloud revenue growth. When Microsoft announced a multibillion-dollar investment in OpenAI earlier this year, the deal made Azure the ChatGPT-maker's "exclusive cloud provider." There's another deal in the works with similar attributes involving Runway AI and a major cloud company. But they are drawing more scrutiny lately because they could artificially inflate cloud revenue, a key driver of growth for Microsoft, Google, and Amazon, according to Ted Mortonson, managing director of financial-services firm Baird. Is OpenAI a regular cloud customer that is getting no investment money from Microsoft?

[1/3] Emergency crews work to clean up the largest U.S. crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural Washington County, Kansas, U.S., December 9, 2022. REUTERS/Drone Base/File PhotoDec 14 (Reuters) - Canada's TC Energy Corp (TRP.TO) is resuming operations in a section of its Keystone pipeline a week after a leak of more than 14,000 barrels of oil in rural Kansas triggered the whole pipe's shutdown. "This restart facilitates safe transportation of the energy that customers and North Americans rely on and extends from Hardisty, Alberta, to Wood River/Patoka, Illinois," TC Energy said. Oil sprayed nearby pastures and leaked into Mill Creek before being shut by operator TC Energy. Market players had speculated that TC Energy might first restart the leg of the pipeline that delivers to Patoka, Illinois.

REUTERS/Drone Base/File PhotoDec 14 (Reuters) - One week after Canada's Keystone pipeline spilled more than 14,000 barrels of oil in rural Kansas in the United States, the cause is still unknown, according to regulators. Oil sprayed nearby pastures and leaked into Mill Creek before being shut by operator TC Energy. The timeline for the full restart of the pipeline remained uncertain, and neither a root cause failure analysis nor a restart plan had been submitted, the U.S. The spill occurred in Washington County, Kansas, about 20 miles (32 km) south of a junction in Steele City, Nebraska, where Keystone splits into two. "We don't have a confirmation of a timeline and anticipate an update on restart today," TC said in an email.

Dec 14 (Reuters) - Canada's TC Energy Corp (TRP.TO) said it expects to give an update on the Keystone pipeline restart later on Wednesday, a week after the 622,000 barrel-per-day pipeline was shut after leaking oil into a creek in Kansas. Keystone is a crucial artery shipping Canadian crude south to U.S. refineries and traders have been awaiting news of when it may restart operations. Market players have speculated TC may first restart the leg of the pipeline that delivers to Patoka, Illinois, which did not leak. "We don't have a confirmation of a timeline and anticipate an update on re-start today," TC said in an email. The Mainline moves 3.1 million bpd of Canadian crude to refineries in the U.S. Midwest and eastern Canada.

☆ 3 VCs share their best advice for startup founders as the tech industry heads for a historic slump and thousands of workers lose their jobs
▼ + stars: | 2022-11-08 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

And startup founders, too, are feeling the heat. Three VCs at 7wire, Interplay, and Menlo tell Insider their best advice for founders right now. Startup founders, too, are feeling the heat: fintech Stripe slashed 14% of its workforce while neobank Chime laid off 160 people. Buzzy NFT startup Dapper Labs let go of 22% of its employees, while resale marketplace StockX cut less than 80 jobs. Here's their advice for founders right now:

☆ Why tech layoffs are happening all at once — and why the next few weeks could be the worst of them
▼ + stars: | 2022-11-08 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +6 min

Industry experts say the next few weeks are critical, as holiday layoffs could hurt morale and future hiring. And with economic forecasts looking dire, tech firms are starting to tighten the belt — starting with cutting their workforces to shave salary costs. Which means that in the weeks ahead, thousands of tech workers may be out of a job. How did we get hereAs Big Tech companies reported less-then-stellar earnings over the past few weeks, they also also flashed warning signs about the months ahead. Tech companies are coming off a period of outsized growth, spurred on by the pandemic.

☆ Canada's share buyback tax could backfire, energy sector warns
▼ + stars: | 2022-11-06 | by ( Rod Nickel | Nia Williams | ) www.reuters.com time to read: +4 min

FILE PHOTO: The processing facility at the Suncor oil sands operations near Fort McMurray, Alberta, September 17, 2014. On Thursday, the Liberal government proposed a 2% tax on buybacks to encourage companies to reinvest in their workers and business. The tax will generate an estimated C$2.1 billion ($1.6 billion) over five years and take effect on Jan. 1, 2024. Canada’s four largest producers - Canadian Natural Resources Ltd, Cenovus Energy, Suncor Energy and Imperial Oil - spent C$15.8 billion combined on buybacks in 2022’s first three quarters, according to Tudor Pickering Holt (TPH). The tax may not deter oil companies’ buyback intentions anyway, said Eight Capital analyst Phil Skolnick, who covers the sector.

☆ Thousands of workers were laid off this week as tech companies and startups brace for an economic crash. Investors, founders, and recruiters explain why this is just the beginning.
▼ + stars: | 2022-11-05 | by ( Rob Price | Samantha Stokes | ) www.businessinsider.com time to read: +10 min

Amid growing economic uncertainty, layoffs in the technology industry, both for public companies and for startups, have been escalating this Fall. While plenty of tech companies were still flying high in early 2022, Russia's invasion of Ukraine in February accelerated global economic turmoil. More than 17,000 tech workers lost their jobs in both May and June, while July and August saw another 29,000 cuts, according to layoff tracker Layoffs.fyi. Davis, the VC at Interplay, explained that cost-cutting and layoffs are happening across the board, not just in the tech industry. But public tech companies as well as early- and growth-stage startups will face additional challenges, he said.

We're exiting our position in Marvell Technology (MRVL), selling our last 900 shares at roughly $38.86 each. Given our desire to become even more defensive around our portfolio and reduce our exposure to tech, we're making the tough decision Thursday to move on from Marvell Technology . Over the past few years, we've booked significant profits in the stock — in some cases, those gains were well above 200%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Matt Murphy, president and CEO of Marvell Technology.

☆ 2 takeaways from Thursday’s 'Morning Meeting': We want to buy on market weakness
▼ + stars: | 2022-09-22 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. We have no choice but to buy Quick mentions: MRVL, LLY, NVDA, META 1. We believe that Meta (META) is a buy right here because WhatsApp growth is accelerating, made clear by its recent deal with Salesforce (CRM). 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.

☆ Watch Jim Cramer's full interview with Marvell CEO Matt Murphy
▼ + stars: | 2022-09-21 | 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 EmailWatch Jim Cramer's full interview with Marvell CEO Matt MurphyThe "Mad Money" host interviewed Marvell CEO Matt Murphy on Wednesday's episode of the show.

☆ Marvell CEO tells Jim Cramer: We're doing much better than our stock price suggests
▼ + stars: | 2022-09-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

"The long-term opportunity for this company ... is tremendous because if you think about the end markets that we participate in — forget about share gain, forget about new product cycle. Just look at the end markets," Murphy told Jim Cramer in an interview. "The end markets, they have a big determination on a company's performance, especially in a cycle like this," he added. Automotive Automotive/industrial is the smallest of the five end markets for which Marvell reports results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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