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☆ Nvidia's days of absolute dominance in AI could be numbered because of this key performance benchmark
▼ + stars: | 2024-09-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.

Persons: —, Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO

Raymond James raised its price target on Nvidia to $1,100, noting revenue momentum will stay strong. On a more sour note, Bank of America lowered its price target on Boeing to $190, citing risks around the company's ongoing safety issues. He raised his price target by $30 to $160, which suggests more than 25% potential upside for shares. Analyst Bryan Bergin initiated coverage of Mastercard with a buy rating and $545 price target, which indicates 16.2% potential upside. — Pia Singh 5:50 a.m.: Bank of America cuts Boeing price target Boeing's latest troubles made Bank of America even more skeptical on the stock's prospects.

Persons: Raymond James, Berenberg, Andres Castanos, Mollor, — Pia Singh, Bernstein, Johnson, Callum Elliott, Kenvue, Elliott, Lorraine Hutchinson, Hutchinson, Nike's, TD Cowen, Bryan Bergin, Bergin, Blackwell, Srini Pajjuri, Ronald Epstein, Dave Calhoun, Epstein, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Boeing, Johnson, Nike, Mastercard, Visa, of America, New York Times Locations: Albemarle, underperform, China, Europe, Asia

Morgan Stanley raised its price target on Nvidia, calling for more than 15% upside going forward. — Lisa Kailai Han 5:53 a.m.: Jefferies lowers Tesla price target, cites 'self-inflicted' wounds Tesla's troubles may not be over yet, according to Jefferies. The investment firm kept its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. Jefferies analyst Philippe Houchois also said Tesla is plagued by shifting product priorities. — Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia price target Nvidia has already rallied more than 72% in 2024.

Persons: Morgan Stanley, Jefferies, Patrick Cunningham, Erik Fyrwald's, Cunningham, — Lisa Kailai Han, Zillow, John Colantuoni, Colantuoni, Scott Schoenhaus, Schoenhaus, Lisa Kailai Han, Hess, Betty Jiang, CVX, Jiang, Tesla, Philippe Houchois, Joseph Moore, Moore, — Fred Imbert Organizations: CNBC, Nvidia, Citi, Management, & Biosciences, Jefferies, National Association of Realtors, Markets, GDRX, Barclays, Chevron, NVIDIA, AMD Locations: Tuesday's, China

☆ Shopify has poached at least two dozen employees from Salesforce as it pushes into enterprise e-commerce
▼ + stars: | 2024-04-04 | by ( Madeline Stone | ) www.businessinsider.com time to read: +9 min

Holly Dresden joined Shopify as head of enterprise merchant success in December after six years with Salesforce Commerce Cloud. Evan AgostiniAs it moves further into enterprise, Shopify hasn't always been subtle about zeroing in on Salesforce as a competitor. It recently launched a webpage comparing its platform with Salesforce Commerce Cloud, encouraging merchants to "join the mass migration" of brands moving from Salesforce to Shopify. But winning over enterprise retailers requires a different approach, and it's one where Salesforce has more years of experience than Shopify. Talking the enterprise talkPoaching employees from Salesforce isn't the only way Shopify has made an effort to win over enterprise customers.

Persons: —, Shopify, Kal Stephen, Holly Dresden, Everlane, Marc Benioff, Evan Agostini, hasn't, Michael Affronti, we've, Affronti, Shopify's, Salesforce, We've, It's, Rick Watson, Watson, Demandware, Oppenheimer, Ken Wong, Wong, Harley Finkelstein Organizations: Service, Salesforce Commerce, Business, Salesforce, Adobe, SAP, Mattel, Commerce, RMW Commerce Consulting, Accenture, IDC, Manhattan Associates Locations: Salesforce, Demandware

☆ When our modern-day DaVinci speaks, I listen. Here's what I plan to do when Nvidia CEO Jensen Huang steps up to the mic this week
▼ + stars: | 2024-03-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +15 min

I think Jensen deserves one day a year when he can trace out a vision without a per share attached to it. Sure, plenty of people in line Saturday would, correctly I think, say to "own it, don't trade it." Sure, I was sweating "own it, don't trade it." And, can you imagine if you owned but didn't trade Intel from 1990 to 2000? (Don't tell current Intel CEO Pat Gelsinger, who thinks it is still alive.)

Persons: Lisa, Jensen Huang, Jensen, Lisa Su, Andy Grove, Elon Musk, he's, what's, We've, heaven's sakes, Sam Altman, Jensen's, —, Gordon Moore, Robert Noyce, Intel's, Noyce, blowhard, Pat Gelsinger, Enrique Lores, it's, He's, Frank Slootman, Jensen demurred, Frank, AMD's Su, It's, Colette Kress, Jim Cramer's, Jim Cramer, Jim Organizations: Palm, Wine, Club, Nvidia, New Yorker, Devices, Tesla, heaven's, OpenAI, Intel, IBM, HP, AMD, CNBC Locations: Florida, San Francisco, New

☆ For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV
▼ + stars: | 2024-03-03 | by ( Bob Woods | ) www.cnbc.com time to read: +6 min

Mack Trucks, founded in Brooklyn, New York, in 1900, is renowned for its 18-wheelers, diesel-powered big rigs with a trademark bulldog mounted on the hood. Purchase-making decisions are distinct for consumer and commercial markets, a difference reflected in last year's EV sales results within both sectors and outlooks for future growth. EV sales increased year over year by 40% in the fourth quarter, yet were down from 49% in the third quarter. Cox expects this year's EV sales to reach 1.5 million, about 36% higher than last year. Eighty EV truck deployments were cataloged in 2020, and those deployments jumped to 1,948 in 2022.

Persons: Mack Trucks, Mack, Jonathan Randall, Kelley, Cox, Tesla, EVs, Randall, BEV, Ann Rundle, Rundle Organizations: Mack Trucks North, Sweden's Volvo Group, Volvo Trucks, Volvo, U.S, EV, Ford, GM, EDF, American Truck Dealers Association, ACT Research, ICE Locations: Brooklyn , New York, —, New York City, Miami , Florida, Mack Trucks North America, Greensboro , North Carolina, Paris, U.S, United States

☆ Top Wall Street analysts pick these dividend stocks for enhanced returns
▼ + stars: | 2024-02-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

The Coca-Cola Company logo is being displayed at a New Year's fair in Kyiv, Ukraine, on December 31, 2023. Investors looking to enhance their portfolio returns can opt for a combination of growth and dividend stocks. Choosing the right dividend stock by analyzing multiple factors can be complex for investors. However, recommendations from analysts can help inform investors' research and guide them toward lucrative dividend stocks from companies with strong fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance.

Persons: Wall, Nik Modi, Modi, TipRanks, Brian Bedell, mgmt, Bedell, Goldman Sachs, Neil Mehta, Hess, Mehta Organizations: Cola, RBC Capital, Owl, Deutsche Bank, Chevron Oil, Chevron, CNBC PRO Locations: Kyiv, Ukraine, Chevron, Kazakhstan

Tuesday's analyst calls include upgrades to two solar names and a downgrade to a key crypto stock. 7:05 a.m.: Citi increases Meta price target ahead of earnings Meta shares have more runway ahead, according to Citi. Analyst Kenneth Worthington downgraded the crypto exchange to underweight from neutral, reiterating his price target of $80. Analyst Jordan Levy upgraded Sunnova to buy from hold and raised his price target to $18 from $10. He upgraded Enphase Energy to buy from hold, moving his price target to $145 from $85.

Persons: Truist, Ronald Josey, Josey, — Pia Singh, TD Cowen, Jason Gabelman, Gabelman, Jefferies, Glen Santangelo, Teva, Cantor Fitzgerald, C.J, Muse, Kenneth Worthington, Worthington, Coinbase, — Fred Imbert, Jordan Levy, Levy Organizations: CNBC, Enphase Energy, Federal Reserve, JPMorgan, Citi, Meta, Exxon, Chevron, Cowen, Exxon Mobil, Teva Pharmaceuticals, Jefferies Investors, pharma, mdc, Nvidia, Energy, Sustainability Locations: buybacks, Teva, Monday's

☆ Biden administration announces new financial strike force to curb deadly fentanyl trade
▼ + stars: | 2023-12-04 | by ( Sam Fossum | ) edition.cnn.com time to read: +5 min

“The Treasury Department’s Counter-Fentanyl Strike Force will allow us to bring the Department’s unrivaled expertise in fighting financial crime to bear against this deadly epidemic. The strike force will be led by the department’s top sanctions official, Brian Nelson, and the chief of the Internal Revenue Service’s criminal investigations unit, James Lee. It will “redouble Treasury’s existing work streams, including using financial intelligence to understand risks and map transnational criminal organization (TCO) financial networks,” according to a news release. Several key units within the Treasury Department that specialize in financial crimes, sanctions, and tracking terrorist and illicit financing will be part of the new strike force. The new strike force will also help streamline the Treasury Department’s efforts to coordinate with local and federal law enforcement bodies on potential financial leads.

Persons: Janet Yellen, Brian Nelson, James Lee, ” Nelson, Xi Jinping, Joe Biden, Biden, Yellen, Nelson, “ Organizations: Washington CNN, Monday, Treasury Department, Treasury, Network, Foreign Assets Control, of Intelligence, US Treasury Department, Strike Force, Department, Drug Enforcement Agency, Department of Homeland Security, Department of Justice, US Centers for Disease Control, CNN, Mexican, Biden Locations: United States, China, Ukraine, Mexico

☆ EU urges Big Tech to tackle terrorist content after Hamas attack
▼ + stars: | 2023-10-11 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

In his letters to Musk and Zuckerberg, Breton said their companies had 24 hours to inform the EU how they were stopping harmful content on their platforms. Now, the European Commission, the EU’s executive branch, has sought to remind all social media companies they are legally required to prevent the spread of harmful content related to Hamas. “Content circulating online that can be associated to Hamas qualifies as terrorist content, is illegal, and needs to be removed under both the DSA (Digital Services Act) and TCO (Terrorist Content Online) Regulation,” a Commission spokesperson told Reuters. The Commission urges online platforms to fully comply with EU rules.”The recently implemented DSA requires large online platforms, including X and Meta’s Facebook, to remove illegal content and to take measures to tackle the risks to public security and civic discourse. It is unclear if Breton has sent similar messages to other social media companies designated under the DSA.

Persons: Carlos Barria, Thierry Breton, Elon, Mark Zuckerberg, Zuckerberg, Breton, Martin Coulter, Bernadette Baum, Josie Kao Organizations: REUTERS, EU, LONDON, European, Hamas, European Commission, DSA, Services, Reuters, Facebook, Thomson Locations: San Francisco , California, U.S, Israel, Palestinian, Gaza, Breton, Europe

☆ Chevron expects annual production at low-end of guidance
▼ + stars: | 2023-07-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid/File PhotoCompanies Chevron Corp FollowJuly 28 (Reuters) - Chevron Corp (CVX.N) on Friday said that its annual oil and gas production should stay near the low-end of the oil major's guidance due to unexpected stoppages in Canada and Thailand operations. For the current quarter, Chevron said it was expecting upstream turnarounds and downtime to reduce production by about 110,000 boepd. Chevron expects TCO's expanded operations, which are 98% complete, to deliver more than 1 million boepd in 2025, and to pump about 1.1 million boepd from the Permian by mid-decade. Its Permian production rose 5% from the first quarter to a record of 772,000 boepd, on track with its full-year guidance, the company said. 2 U.S. oil company also expects Permian output in the third quarter to be roughly flat before growing again in the fourth quarter.

Persons: Brendan McDermid, Michael Wirth, Wirth, We've, Sabrina Valle, Arunima Kumar, Mrinalika Roy, Shinjini Ganguli, Anil D'Silva, Marguerita Choy Organizations: Chevron, New York Stock Exchange, REUTERS, Companies Chevron Corp, Chevron Corp, Thomson Locations: New York City, U.S, Canada, Thailand, Tengizchevroil, Kazakhstan, Russia, East, Argentina, Houston, Bengaluru

☆ Hydrogen, fully electric, or both? Heavy-duty trucking has some big decisions to make
▼ + stars: | 2023-04-17 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +8 min

In Sept. 2022, it said it would begin testing fuel cell electric trucks in what it called "commercial traffic" from 2025. It's therefore no surprise that alongside hydrogen, battery electric vehicles are also being considered for trucking. Other companies like Scania and DAF are also operating in the battery electric space. "Which zero-emission technology out of battery electric and hydrogen will prevail in the long-haul segment is less certain," T&E adds. Within the EU, for example, efforts are being made to create the conditions that would enable hydrogen trucks to travel long distances.

☆ Exxon warns of Russia risks to its $2.5 billion Kazakhstan income
▼ + stars: | 2023-02-23 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

HOUSTON, Feb 22 (Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided $2.5 billion in earnings last year. Threats to Kazakhstan oil exports have been in the spotlight since Moscow invaded Ukraine a year ago this week. Exxon and Chevron (CVX.N) are major holders in the Central Asia country's oil production and related export pipeline. Kazakhstan shares a 4,750 mile (7,644 km) border with Russia and its oil exports travel mainly through a Caspian Pipeline Consortium (CPC) line through Russia and lands at a Russian Black Sea export terminal. Any closure of the CPC pipeline or terminal would shut in more than 1% of global oil supply and cost its producers billions of dollars in lost income.

☆ Chevron's TCO expects full production to flow through CPC in November
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: 1 min

Companies Chevron Corp FollowOct 28 (Reuters) - Kazakhstan's Chevron-led Tengizchevroil (TCO) expects full production to flow through the Caspian Pipeline Consortium (CPC) in November, the oil major's finance chief said on Friday. CPC, which takes oil from Kazakhstan to the Black Sea via one of the world's largest pipelines, suspended oil loadings from two of three single mooring points at the Yuzhnaya Ozereyevka terminal in August due to storm damage. The repairs are underway and CPC will conclude repairs in weeks or less, Chevron Corp (CVX.N) CFO Pierre Breber told Reuters. Chevron is evaluating options with the Kazakhstan government, but most alternatives, whether rail or pipeline, still go through Russia, according to Breber. Reporting by Sabrina Valle in Houston and Arunima Kumar in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Chevron's TCO to divert 200,000 t of oil to Batumi in October amid CPC maintenance - sources
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermidMOSCOW, Sept 20 (Reuters) - Chevron-led Tengizchevroil (TCO), Kazakhstan's Tengiz oilfield operator, plans to divert 200,000 tonnes of oil to Georgia's Batumi port in October via rail as it seeks alternative routes for its exports due to CPC terminal maintenance, two sources familiar with the company's plans said on Tuesday. The Caspian pipeline Consortium (CPC), the main export route for Kazakhstan's oil, shut two of three loading facilities in its terminal for maintenance, leading to a sharp decrease in loading capacity. Register now for FREE unlimited access to Reuters.com RegisterTCO diverted some oil to Batumi earlier this year, when the CPC terminal also carried out unplanned maintenance. The TCO consortium is owned by Chevron (50%), Exxon Mobil Corp (XOM.N) (25%), Kazmunaigaz (20%) and Lukoil's Lukarco (5%). Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

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