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☆ Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
▼ + stars: | 2024-06-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Nvidia 's blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple . The index that the Technology Select Sector SPDR Fund (XLK) follows will soon rebalance, based on an adjusted market cap value from Friday's close. As a result, Microsoft and Nvidia will likely have a weight of around 21%, while Apple will fall sharply to about 4.5%, Bartolini said. That is a change from the prior weightings, which saw Nvidia's weight be kept artificially low by index rules. As of June 14, Microsoft and Apple were both at about 22% each in the fund, while Nvidia was just 6%.

Persons: Matthew Bartolini, Bartolini Organizations: Nvidia Corporation, Nvidia, Apple, Microsoft, SPDR, SPDR Americas Research Locations: Taipei, Taiwan, SPDR Americas

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Netflix, Broadcom, Micron, Nike, Alphabet, First Solar & more
▼ + stars: | 2024-06-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Alphabet as buy Bank of America said it's sticking with its buy rating on the search giant. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's bullish heading into Apple's Worldwide Developers Conference. Morgan Stanley initiates Zeekr as overweight Morgan Stanley said it's bullish on shares of the electric vehicle company. Bank of America reiterates Nike as buy Bank of America said it's standing by its buy rating on shares of Nike. Morgan Stanley reiterates First Solar as overweight Morgan Stanley raised its price target on the stock to $331 per share from $248.

Persons: Oppenheimer, it's, JPMorgan, Morgan Stanley, Apple, Canaccord, ZEEKR, Barclays downgrades Stanley Black, Decker, Piper Sandler, Tesla, Piper, Bernstein, Wells, Guggenheim, Goldman Sachs, Goldman, MAXN, Mizuho, Linde, Williams, Columbus McKinnon Organizations: JPMorgan, Netflix, Price, Bank of America, Apple's Worldwide, " Bank of America, Nvidia, NVIDIA Corp, DraftKings Inc, Kirby Corp, FedEx Corp, Marvell Technology, Barclays, Tesla, Broadcom, Express, Logitech, UW, Autonomy, Nike, Mizuho, SUN, Kinder Morgan, Nat, Micron, Columbus Locations: OW, Kinder

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ Nvidia dominates the AI chip market, but there's more competition than ever
▼ + stars: | 2024-06-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Mizuho Securities estimates that Nvidia controls between 70% and 95% of the market for AI chips used for training and deploying models like OpenAI's GPT. Nvidia's position in the AI chip market has been described as a moat by some experts. Founded in 2019, D-Matrix plans to release a semiconductor card for servers later this year that aims to reduce the cost and latency of running AI models. "Nobody can deny that today Nvidia is the hardware you want to train and run AI models," Fernando Vidal, co-founder of 3Fourteen Research, told CNBC. "The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip.

Persons: Jensen Huang, Huang, Sid Sheth, It's, that's, Fernando Vidal, Lisa Su, Su Organizations: Nvidia Corp, Nvidia, Technology Conference, Microsoft, Apple, Mizuho Securities, Intel, AMD, Bank of America, 3Fourteen, CNBC Locations: San Jose , California

☆ Nvidia announces new AI chips months after latest launch as market competition heats up
▼ + stars: | 2024-06-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei. Huang's announcement of Rubin appears to quicken the company's already-accelerated pace of AI chip advancement. Nvidia has pledged to release new AI chip models on a "one-year rhythm," as Huang put it on Sunday. The Rubin chip platform will have new GPUs, the crucial graphic processing technology that helps train and launch AI systems.

Persons: Jensen Huang, Rubin, Blackwell, Huang, Vera Organizations: Nvidia Corp, Nvidia, Technology Conference, Sunday, quicken, AMD, Intel, Companies, Microsoft, Google Locations: San Jose , California, Taipei, we're

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ Nvidia shares pass $1,000 for first time on AI-driven sales surge
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. Revenue: $26.04 billion vs. $24.65 billion expected by LSEG Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was anticipating earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue.

Persons: Jensen Huang, Blackwell, Nvidia, David Paul Morris, Colette Kress, Lama, Kress Organizations: Nvidia, Nvidia Corp, Technology Conference, Bloomberg, Getty, Google, Microsoft, Meta Locations: San Jose , California

☆ Nvidia announces 10-for-1 stock split after AI-driven boom in share price
▼ + stars: | 2024-05-22 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. Stock splits do nothing to change the financial fundamentals of a company but they so make each share cheaper, which can have a positive psychological effect on retail investors. Nvidia said the stock split will make ownership "more accessible to employees and investors," the release said. Nvidia shares closed on Wednesday at $949.50. Alphabet , Amazon and Tesla all orchestrated stock splits in 2022.

Persons: Jensen Huang Organizations: Nvidia Corp, Nvidia, Technology Conference Locations: San Jose , California

☆ Nvidia is talk of the town at AI events leading into this week’s earnings
▼ + stars: | 2024-05-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

"We're still really early in the AI build," Niles told CNBC's "Money Matters" on Monday. "If you look at today for the AI build out, who's really driving that?" Lam Yik Fei | Bloomberg | Getty ImagesPrior to the recent AI boom, Nvidia was known as the primary maker of chips used for 3D gaming. That's not to say that Nvidia is at risk of losing a ton of the AI chip business to rivals. Piper Sandler analysts expect it to keep at least 75% of the AI accelerator market, even as companies like Google build their own custom chips.

Persons: Jensen Huang, Josh Edelson, Sundar Pichai, that's, Dan Niles, Niles, We're, CNBC's, Bernstein, Mark Zuckerberg, Huang, Lam, Fei, That's, Piper Sandler, Harsh Kumar, Blackwell, Hopper, Morgan Stanley, Joseph Moore Organizations: Nvidia, Intelligence, SAP Center, Afp, Getty, Google, Blackwell, Microsoft, Meta, Niles Investment Management, Cisco, Apple, Nvidia Corp, Bloomberg Locations: San Jose , California, Redmond , Washington, Taipei, Taiwan

☆ These were our 4 best — and 4 worst — portfolio stocks in the first quarter
▼ + stars: | 2024-03-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

The winners NVDA YTD mountain Nvidia (NVDA) year-to-date performance Nvidia came in No. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms climbed 37.2% in the first quarter, coming in at second place within the portfolio. The laggards AAPL YTD mountain Apple (AAPL) year-to-date performance Apple suffered the most first-quarter losses in the portfolio, slumping 10.9% during the period. FL YTD mountain Foot Locker (FL) year-to-date performance Shares of Foot Locker declined 8.5% in the first quarter, making the sneaker retailer the second-worst-performing stock in the portfolio. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Palo Alto Networks stock fell 3.7% during the first quarter, rounding out No.

Persons: Dow, chipmaker, It's, Instagram, Meta's, Jim Cramer, Walt Disney, Nelson Peltz, Jim, Peltz's Trian, Eli Lilly, LLY, Eli Lilly's, Apple, Locker's, Locker, Jim Cramer's, Jensen Huang, Ann Wang Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Facebook, Wall, DIS, Walt Disney, Peltz, Peltz's Trian Partners, Disney, U.S, Department of, Apple, Evercore ISI, Citigroup, Nike, Starbucks, Palo Alto Networks, Palo, Jim Cramer's Charitable, CNBC Locations: China, Seattle, U.S, Palo, Taipei, Taiwan

☆ The portfolio’s 5 best-performing stocks since the February Annual Meeting
▼ + stars: | 2024-03-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Ahead of Wednesday's Monthly Meeting, here's a look at the best-performing Club stocks since Feb. 23, the session before the annual gathering, through Tuesday's close. NVDA mountain 2024-02-23 Nvidia's stock performance since the close of Feb. 23, 2024. DIS mountain 2024-02-23 Disney's stock performance since the close of Feb. 23, 2024. ETN mountain 2024-02-23 Eaton Corp.'s stock performance since the close of Feb. 23, 2024. STZ mountain 2024-02-23 Constellation Brands' stock performance since the close of Feb. 23, 2024.

Persons: Bob Iger, Nelson Peltz's Trian, Peltz, Eaton, it's, didn't, Wedbush, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Lam, Fei Organizations: Nvidia, Blackwell, Apple's, Disney, Club, ESPN, Nelson Peltz's Trian Partners, Eaton Corp, Street, Federal Aviation Administration, Boeing, Wall Street, Constellation Brands, Nielsen, Wedbush Securities, Wine, DuPont, Barclays, CNBC, Nvidia Corp, Bloomberg, Getty Locations: U.S, Tuesday's, STZ, Taipei, Taiwan

☆ Novo Nordisk market cap surpasses Tesla on new obesity pill trial data
▼ + stars: | 2024-03-08 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Liselotte Sabroe | AFP | Getty ImagesWegovy obesity drug maker Novo Nordisk surpassed Tesla in market value, after fresh early trial data showed positive results for its new experimental weight loss pill. Novo Nordisk is now the 12th most valuable company in the world, with a market cap of $604 billion — ahead of Tesla's $569 billion, according to FactSet data. 8The uptick of Thursday extends a months-long rally for Novo Nordisk, as excitement grows around weight loss drugs and their potential wider applications. The early amycretin data marks a fresh milestone for Novo Nordisk, potentially offering a more effective and less intrusive alternative to its already widely successful injection-based Wegovy and Ozempic drugs. Wegovy showed weight loss of 6% in a 12-week trial, while Ozempic is a diabetes treatment.

Persons: Liselotte Sabroe, Eli Lilly, amycretin, Martin Holst Lange, Lange Organizations: AFP, Getty, Novo Nordisk, Tesla, Microsoft Corp MSFT, Apple Inc, AAPL, NVIDIA Corp NVDA Technology, Saudi Aramco, SA Energy, Inc, AMZN Consumer, GOOGL, Berkshire Hathaway BRK.B, Company LLY Healthcare, Broadcom Inc, AVGO Technology, Taiwan Semiconductor TSM, Novo Nordisk NVO, Finance, JPMorgan Chase JPM, Reuters Locations: Bagsvaerd, Copenhagen, Denmark, Danish, London, Saudi, Mar, Europe

☆ 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

☆ Traders should be worried if they're holding this Magnificent 7 member, according to the charts
▼ + stars: | 2024-02-15 | by ( David Keller | ) www.cnbc.com time to read: +3 min

The cup-and-handle (also known as a cup-with-handle) pattern occurs when you have a rounded basing pattern after a rally phase. Then, in December 2023, both stocks retested their July peak, which formed the cup of this pattern. If this level would fail to hold, then we'll have one more Magnificent 7 stock in a confirmed bearish phase. What concerns me most about these patterns popping up is not just that it suggests caution for these two technology stocks, which I believe it does. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: MCHP, David Keller Organizations: Nvidia Corp, Tesla Inc, Apple Inc, Apple, Technology Inc, Technology, David Keller https

☆ AI server maker Super Micro boosts sales guidance — another sign to stick with Nvidia
▼ + stars: | 2024-01-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Super Micro makes computer servers for data centers, competing with the likes of Dell and Hewlett-Packard Enterprise . SMCI 1Y mountain Super Micro Computer 1 year Shares of Super Micro were on pace for a record close Tuesday, jumping 4%, to nearly $515 each — pushing year-to-date gains to roughly 80%. Still, the magnitude of Super Micro stock move Tuesday, compared to the size of the forecast revision, is a sign that investor expectations had already accounted for most of this good news. "I don't know whether [Super Micro] is Mercury or Venus, but I will tell you it ain't Pluto." Super Micro said it continued to see record demand for AI systems in its second quarter.

Persons: —, Jim Cramer, Thursday's, preannounced, Jim Cramer's, Jim, Tyrone Siu Organizations: chipmaker, Dell, Hewlett, Packard, Devices, Intel, Nvidia, AMD, Computer, Micro, Microsoft, Super Micro, Wall, Taiwan Semiconductor Manufacturing Company, CNBC, Nvidia Corporation Locations: San Jose , California, Taipei, Taiwan

☆ Shut out of the high-flying Super Six? Here are some entry prices to consider
▼ + stars: | 2024-01-26 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The goal: Determine entry points for investors who don't currently have a position. If you already own shares, consider your cost basis and last buy for entry points. Microsoft Three potential entry points: $380, $365 and $342. Alphabet Three potential entry points: $140, $130 and $120. It doesn't mean we will necessarily upgrade all a stock if it reaches one of the entry points discussed above.

Persons: Apple, that's, MSFT, It's, we're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Cheng Organizations: Apple, Amazon, Microsoft, Nvidia, Semiconductor, Vision, Jim Cramer's Charitable, CNBC, Nvidia Corp, Bloomberg, Getty Locations: Thursday's, Taipei, Taiwan

☆ Nvidia and its stock may go through an Apple-like transformation. What it would mean for investors
▼ + stars: | 2024-01-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.

Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, —, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California

☆ Nvidia and AMD shares hit record highs on AI chip surge
▼ + stars: | 2024-01-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD and Nvidia hit all-time highs on Thursday as investors continue to clamor for shares of the companies building chips that power artificial intelligence. AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 in which AMD shares popped 127.6% and Nvidia stock rocketed 238.8%. Analysts also see AMD improving its AI software, eliminating one major reason why Nvidia chips were preferred over AMD's. On Thursday, Taiwan Semiconductor Manufacturing Company , which manufactures Nvidia and AMD chips, reported better-than-expected sales.

Persons: Jensen Huang, they're, C.C, Wei, Goldman Sachs, Toshiya Hari, Mark Zuckerberg Organizations: Nvidia, AMD, Investors, Taiwan Semiconductor Manufacturing Company, Meta

☆ Tech giants lead surge in global mega-caps as inflation eases
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Apple Inc's (AAPL.O) market value jumped 11.2% to $2.95 trillion over the past month, while Microsoft Corp (MSFT.O) saw a 12.1% increase in its market cap, reaching $2.8 trillion. Reuters Graphics Reuters GraphicsNvidia Corp's (NVDA.O) market cap soared 14.7% to $1.15 trillion, following its announcement of a 206% year-over-year revenue increase to $18.1 billion in the third quarter. JPMorgan Chase & Co (JPM.N) saw its market cap increase by 12.2% to $451 billion by the end of November. In other sectors, Tesla Inc's (TSLA.O) market value rose nearly 20% to $763.2 billion last month, following a price hike for its Model 3 and Y vehicles in China. Saudi Arabian Oil Co (2222.SE) and Exxon Mobil Corp (XOM.N) saw market caps fall by 0.3% and 2.9%, respectively.

Persons: Mike Segar, Tesla, Patturaja Murugaboopathy, Gaurav Dogra, Kim Coghill Organizations: Apple Inc, Apple, REUTERS, Microsoft Corp, Reuters Graphics Reuters, Nvidia, JPMorgan Chase &, Rho, Saudi Arabian Oil Co, Exxon Mobil Corp, Thomson Locations: Manhattan , New York, U.S, China, Saudi, Bengaluru

☆ Why Nvidia's outlook will command the spotlight during next week's earnings report
▼ + stars: | 2023-11-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Wall Street expects Nvidia (NVDA) to deliver another strong quarterly report Tuesday, as its cutting-edge artificial intelligence chips remain a hot, hard-to-get commodity. The recent trading in Nvidia's stock reflects that optimism, with shares up nearly 20% in November alone. "I don't like the so-called setup," Jim Cramer said, referring to the huge run-up in shares ahead of earnings. It's one piece of evidence behind investors' belief that Nvidia's upcoming earnings report will clear the high bar that's been set. Microsoft hasn't officially disclosed how the Maia 100's performance compares with Nvidia's top-end AI chip and AMD's MI300.

Persons: Jim Cramer, Jim, he's, —, Goldman Sachs, LSEG daa, Goldman, Morgan Stanley, workloads, Maia, Microsoft hasn't, BofA, Jim Cramer's, Hsun Huang, Patrick T Organizations: Nvidia, LSEG, Investor, Microsoft, Big Tech, Goldman, Street, Financial Times, Micro Devices, Wednesday, Google, Web Services, Bank of America, AMD, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Los Angeles , California

☆ These high beta stocks will lead the way if the year-end comeback continues
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday. Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. Goldman Sachs recently recommended the pullback in Devon Energy shares as a buying opportunity, citing the company's strong balance sheet as a factor. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday.

Persons: Stocks, Goldman Sachs, Wells Fargo, Gunnar Wiedenfels, Bing Guan Organizations: CNBC Pro, Dow Jones, Nasdaq, CNBC, APA Corp, APA, Devon Energy, Marathon, Marathon Oil, Nvidia, UBS, Qs, Warner Bros Discovery, Angeles Refinery, Reuters, Beta, APA APA Corp, Entertainment, Devon Energy Corp, Oil Corp, Targa Resources Corp, MGM MGM Resorts, HAL Halliburton, McMoRan, Aptiv, WYNN Wynn Resorts, Body, Semiconductor Corp, NVIDIA Corp, Zebra Technologies, Albemarle, Alaska Air Group Locations: Angeles, Carson , California, Freeport

☆ Nvidia will reportedly sell new chips to China that still meet U.S. rules
▼ + stars: | 2023-11-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Tyrone Siu | ReutersBEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. rules aimed at curbing China's access to the tech. Nvidia is set to deliver three new chips to domestic manufacturers in the coming days, Chinese financial media Cailian Press said Thursday, citing sources. The chips — called HGX H20, L20 PCle and L2 PCle — are based on Nvidia's H100 chip, the report said. Nvidia said in a September 2022 filing the U.S. government would still allow it to develop the H100 in China. In the near term, Chinese manufacturers have no better option and they will continue to buy Nvidia's chips, while searching for replacements.

Persons: Tyrone Siu, Bo Du, Du, SemiAnalysis, Nomura, Orin Organizations: Nvidia Corporation, Reuters, Reuters BEIJING —, Nvidia, Cailian Press, WestSummit Capital Management Companies, WestSummit Capital Management, CNBC, Times, U.S . Department of Commerce, Bureau of Industry, Security Locations: Taipei, Taiwan, Reuters BEIJING, China, U.S

☆ Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off
▼ + stars: | 2023-11-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Surging bond yields and mixed earnings reports have weighed on the so-called Magnificent Seven stocks, which are collectively down an average of about 15% from their 52-week highs, though they all still sit on hefty gains for the year. The stocks now trade at an average forward price-to-earnings ratio of about 30 times compared with 45 times in mid-June. I actually think the Magnificent Seven will hold up better,” said King Lip, chief strategist at Baker Avenue Wealth Management. Because the Magnificent Seven have a combined weighting of 28% in the S&P 500, their performance holds a large sway over the broader index. Lip said his firm owns shares of all seven companies and has recently added to its holdings in some of them.

Persons: Brendan McDermid, Meta, ”, Lip, Jay Hatfield, Kim Forrest, ” Forrest, Apple’s, Hatfield, Thomas Ognar, Ognar, ” Ognar, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis Organizations: NVIDIA Corp, New York Stock Exchange, REUTERS, Apple, Microsoft, Wealth Management, Tech, BofA Global Research, Vanda Research, Federal, Treasury, U.S, Google, Facebook, Bokeh Capital Partners, Nvidia, Allspring, Thomson Locations: New York City, U.S

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