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☆ Bellingham workload is only cloud on his horizon
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Bellingham is only 20 and already has very high-mileage at the top end of the game. Barring injuries Bellingham will face a huge workload this season and world players union FIFPRO has warned that he could be vulnerable to burnout if not managed properly. Only Rooney came anywhere close to Bellingham's total with 10,989 minutes while Lampard's total was 3,477 and David Beckham had not even managed 1,000 senior minutes before turning 20. "It is important for clubs and national teams to take a balanced approach when it comes to managing young players' workloads." Southgate will hope that Bellingham is given sufficient time to re-charge between now and the start of Euro 2024.

Persons: Jude Bellingham, Carlo Ancelotti, Gareth Southgate, Blancos, Bellingham, FIFPRO, Frank Lampard, Wayne Rooney, Steven Gerrard, Rooney, David Beckham, Southgate, I'm, Martyn Herman, Toby Davis Organizations: Real Madrid, Liga, Scotland, Birmingham City, Borussia Dortmund, Southgate, Thomson Locations: England, Bellingham

☆ Marvel visual effects artists unanimously vote to unionize as Hollywood strikes rage on
▼ + stars: | 2023-09-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Marvel Studios' visual effects workers unanimously voted in favor of unionizing with the International Alliance of Theatrical Stage Employees, IATSE announced Wednesday. This marks the first time a unit of solely VFX workers have unionized with the group. The Marvel Studios VFX crew has more than 50 workers, according to IATSE. Now that the vote is official, Marvel VFX workers must engage in collective bargaining negotiations with Marvel Studios executives in order to draft a contract. Loeb told Marvel's VFX artists that it has the backing of IATSE, telling those who voted to unionize, "Your fight is our fight."

Persons: IATSE, Sarah Kazuko Chow, Mark Patch, Matthew Loeb, Loeb Organizations: Hollywood, Marvel Studios, International Alliance, Disney, Marvel, IATSE, Walt Disney Pictures, National Labor Relations Board, Alliance, Television Producers, Comcast, CNBC Locations: unionize, NBCUniversal, Hollywood

☆ Artificial Intelligence Can Make Companies Greener, but It Also Guzzles Energy
▼ + stars: | 2023-09-11 | by ( Nuha Dolby | ) www.wsj.com time to read: +9 min

Artificial intelligence can help tackle climate change, but to fulfill that promise companies need to find a way to limit AI’s own climate impact. Alphabet’s Google and American Airlines used AI to help planes create fewer vapor trails, which contribute to global warming. For many companies using AI there are both positive and negative effects on their carbon emissions and water use. In the U.S., where there is no central electric grid, training models in one state versus another can have a significant impact on carbon emissions. A Google data center in Oregon.

Persons: Omar Marques, Sasha Luccioni, Bloom, “, Luccioni, Andrew Selsky, Shaolei Ren, Ren, There’s, ” Ren, Amalia Kontesi, Equinix, ”, Christopher Wellise, Jacob Reynolds Equinix, Face’s, ” Luccioni Organizations: Sustainable Business, Google, American Airlines, Zuma, Bloom, Energy, Stanford, Associated Press, University of California Riverside, Research, Microsoft, Workers Locations: San Francisco, Bloom, U.S, California, Virginia, New York, Oregon, San Francisco and New York, Americas, Asia, Spain

☆ New benchmark tests speed of running AI models
▼ + stars: | 2023-09-11 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

[1/2] An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSept 11 (Reuters) - An artificial intelligence benchmark group called MLCommons unveiled the results on Monday of new tests that determine how quickly top-of-the-line hardware can run AI models. The benchmark simulates the "inference" portion of AI data crunching, which powers the software behind generative AI tools. Nvidia's top submission for the inference benchmark build around eight of its flagship H100 chips. Nvidia has dominated the market for training AI models, but hasn't captured the inference market yet.

Persons: Aly, hasn't, Dave Salvator, Eitan Medina, Max A, Leslie Adler Organizations: Artificial Intelligence, REUTERS, Nvidia Corp, Intel Corp, CNN, Nvidia, Habana, Intel, Google, Thomson Locations: Shanghai, China, San Francisco

☆ Citi says favorable setup for this Big Tech stock should send it higher in the next 90 days
▼ + stars: | 2023-09-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

There's a "rich" catalyst path ahead for Microsoft shares, according to Citi. The firm initiated a positive 90-day catalyst watch on Microsoft shares. While the tech giant's stock is up nearly 40% year to date, it has lagged on a relative basis since it issued disappointing quarterly revenue guidance in July. Microsoft shares have declined 5% since, while other shares in its peer group have gained 4.9%. Radke's initial read on fiscal first-quarter earnings is more positive owing to inputs on cloud consumption trends and stabilization in the PC market.

Persons: Tyler Radke, Radke, — CNBC's Michael Bloom Organizations: Microsoft, Citi, CoPilot

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

DES MOINES, Iowa (AP) — The cost of building an artificial intelligence product like ChatGPT can be hard to measure. To keep it cool on hot days, data centers need to pump in water — often to a cooling tower outside its warehouse-sized buildings. The estimate includes indirect water usage that the companies don’t measure — such as to cool power plants that supply the data centers with electricity. It was also thirsty in Iowa, drawing more potable water to its Council Bluffs data centers than anywhere else. Its fourth and fifth data centers are due to open there later this year.

Persons: “, OpenAI, ”, Shaolei Ren, ChatGPT, ” Ren, you’re, Ren, Steve Gaer, Gaer, Brad Smith, ” Smith, —, O'Brien Organizations: DES, Microsoft, Google, University of California, Las, Associated Press, workloads, supercomputing, West, West Des Moines Water Works Locations: DES MOINES, Iowa, Des Moines, Riverside, Oregon, Las Vegas, San Francisco, West Des Moines , Iowa, California, West Des Moines, Arizona, West Des, Providence , Rhode Island

☆ I worked 2 full-time jobs and made $211K a year. The main downside of double-dipping was that I had no social life, but it wasn't that hard to do both jobs.
▼ + stars: | 2023-09-08 | by ( Kaila Yu | ) www.businessinsider.com time to read: +5 min

Hayes said double dipping, as a quality assurance analyst, is easier than it sounds. At the height of my double dipping career, I was making $211,200 a year — more than I ever imagined for myself. When I was double dipping, I made $45 per hour at one job and $65 per hour at the other. The main downside of double dipping is the lack of a social lifeThis didn't matter as much in the pandemic, but after both my contracts ended this year, I'm enjoying more work-life balance. At the end of March I found another role as a QA automation engineer and I'm enjoying more work-life balance with just this one job.

Persons: Davrick Hayes, Hayes, I've, it's, would've, I'm Organizations: Service, Midwest, GreatAmerican Financial, Craigslist, First Republic Bank, First Locations: Wall, Silicon, Bismarck , North Dakota, Downey , California, Los Angeles, LA, North Dakota, GreatAmerica, America, First Republic

☆ D.A. Davidson says this cloud data provider is set to benefit in a big way from AI
▼ + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Snowflake is an up-and-coming player in the artificial intelligence world that's here to win, according to D.A. The cloud data provider has gained nearly 11.4% year to date, but it's down 9.2% this quarter. "Even after cloud optimization efforts that plagued software companies this year, we view Snowflake in an advantageous position," Luria wrote in the Thursday note. "They maintain best-in-class growth rates and are positioned well as a cloud data company to benefit from increasing demand for artificial intelligence." Snowflake announced in late June that it is partnering with Nvidia to provide businesses with a path to create customized generative AI applications using their own proprietary data, using the Snowflake Data Cloud platform.

Persons: Davidson, Gil Luria, Luria, D.A, Snowflake, — Michael Bloom Organizations: Nvidia

☆ Wall Street analyst sees 3 companies as the next $3 trillion stocks due to AI. Here's our take
▼ + stars: | 2023-09-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Needham's Laura Martin sees Club names Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT) as "front-runners" in the race of tech firms competing in generative AI. While positive on Apple, Martin thinks it will be "dwarfed by generative AI" firms. "High-quality data that is most relevant will allow generative AI to create the best new content and products and or save costs faster through better online customer service," Needham wrote. MSFT YTD mountain Microsoft YTD performance In the coming quarters, Microsoft will increase capital expenditures to invest in Microsoft Cloud growth and demand for AI services. 2 AI stock in the portfolio, followed by Nvidia), and would consider adding to the Club's MSFT position on a pullback as indicated by the Club's 1 rating .

Persons: Laura Martin, Martin, AAPL, Jim Cramer, Jim, Apple, Tim Cook, Needham, Baird, Morgan Stanley, Jim Cramer's, Doce Organizations: Microsoft, Apple, Nasdaq, Big Tech, Nvidia, Broadcom, Oracle, Google, YouTube, Services, Amazon, CNBC, Mobile World Congress Locations: Needham, Barcelona, Spain

☆ Barclays says buy this software stock with AI tailwinds
▼ + stars: | 2023-09-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Oracle shares have surged nearly 48% in 2023 and close to 62% over the past 12 months. Barclays thinks the company is set to maintain high levels of growth in the near future as its tailwinds have yet to fully take effect. "OCI, partly fueled by emerging AI workloads, will be key to the database and overall story." He added that OCI is well-positioned for an AI tailwind due to its close relationship with Nvidia. Oracle was also one of the first cloud solutions providers to enter the market with Nvidia's software as a service products, Lenschow added.

Persons: Raimo, Lenschow, — CNBC's Michael Bloom Organizations: Oracle, Barclays, Oracle Cloud Infrastructure, Nvidia

☆ Instacart's IPO filing sparked an online spat between cloud rivals Snowflake and Databricks
▼ + stars: | 2023-09-02 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

One of Instacart's board members is Frank Slootman, the CEO of Snowflake , a publicly traded company that helps businesses store and manage hefty workloads in the cloud. Slootman joined Instacart's board in 2021 and, because of that relationship, the company has to disclose its business ties to Snowflake. In May, the company published a blog post titled "How Instacart Ads Modularized Data Pipelines With Lakehouse Architecture and Spark." The post, which described software underpinning Instacart's ads infrastructure, included discussion of a migration to Databricks' Lakehouse technology and the cost savings that followed. Representatives from Instacart, Snowflake and Databricks declined to to comment.

Persons: Frank Slootman, Slootman, Instacart, Snowflake, Databricks pounced, Databricks, You've Organizations: Inc, New York Stock Exchange, Employees, Twitter Locations: Snowflake, Instacart

☆ It will be easier to replace fully remote jobs with AI, a leading WFH expert says
▼ + stars: | 2023-09-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Fully remote jobs may be more vulnerable to new AI tech, one expert says. Stanford's Nicholas Bloom said AI was likely to impact "low-level, fully remote workers," per Fortune. Jobs that rely in some part on in-person work have less to fear from AI automation. "If I were fully remote, you could replicate me with AI," he said during the panel, which was reported by Fortune. "I think we're going to see a lot of impact [among] low-level, fully remote workers," he added.

Persons: Stanford's Nicholas Bloom, Jobs, Nicholas Bloom, Bloom, Alexis Ohanian Organizations: Service, Stanford University Locations: Wall, Silicon

☆ China's Aug factory activity picks up unexpectedly - Caixin PMI
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

A worker wearing a face mask works on a production line manufacturing glassware products at a factory in Haian, Jiangsu province, China February 29, 2020. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose to 51.0 in August from 49.2 in July, beating analysts' forecasts of 49.3 and marking the highest reading since February. The data, a snapshot of the sprawling manufacturing economy, surprised to the upside but offered a mixed picture of the sector, a day after an official survey showed manufacturing activity contracted for a fifth straight month. The Caixin manufacturing PMI surveys around 650 private and state-owned manufacturers and focuses more on export-oriented firms in coastal regions, while the official PMI surveys 3,200 companies across China. Manufacturers reported increases in both output and total order intakes thanks to firmer market demand, the Caixin survey showed.

Persons: Wang Zhe, Wang, Ellen Zhang, Ryan Woo, Sam Holmes Organizations: REUTERS, Rights, P Global, Analysts, Manufacturers, Caixin Insight, Thomson Locations: Haian, Jiangsu province, China, Rights BEIJING

☆ HPE forecasts fourth-quarter revenue below estimates, shares fall
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Signs for Hewlett Packard Enterprise Co., cover the facade of the New York Stock Exchange November 2, 2015. HP Enterprise expects current-quarter revenue between $7.2 billion and $7.5 billion, the mid-point of which was below analysts' expectations of $7.49 billion, according to Refinitiv data. Rival Arista Networks (ANET.N) forecast a robust quarterly revenue after delivering better-than-expected results, helped by higher demand for its cloud gear following AI push. On an adjusted basis, HPE earned 49 cents per share for the third quarter ended July 31, compared with expectations of 47 cents. The Spring, Texas-based company posted quarterly revenue of $7.0 billion, beating analysts' estimate of $6.99 billion, according to Refinitiv IBES data.

Persons: Brendan McDermid, HPE, Akshita Toshniwal, Shailesh Organizations: Hewlett Packard Enterprise Co, New York Stock, REUTERS, Hewlett Packard Enterprise, Wall, HP Enterprise, Arista Networks, HP, Dell Technologies, Nvidia, Thomson Locations: , Texas

☆ Exclusive: Walmart cuts pharmacist pay, hours while workload piles up
▼ + stars: | 2023-08-29 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

Walmart also has agreed to pay $3.1 billion as its share of an opioid-related legal settlement, which is adding to its legal costs this year. For example, a pharmacist could go from an 80-hour, two-week pay period to one lasting 64 or 72 hours, said the source, who attended the meeting and spoke on condition of anonymity. On average, the Bentonville, Arkansas-based retail chain pays its pharmacists more than $140,000 a year, excluding bonuses and incentives, according to Walmart. Earlier this year, Walmart scaled back the operating hours of its pharmacies by two hours at more than 4,500 U.S. stores, amid a shortage of pharmacists and pharmacy technicians that began during the pandemic. SHORTAGE OF PHARMACY TECHNICIANSThe underlying reason that chain drug stores like Walmart are scaling back pharmacists' hours is a shortage of pharmacy technicians, Hogue said.

Persons: haven't, Davey Lavergne, Marilee McInnis, Michael Hogue, Hogue, Siddharth Cavale, Jonathan Oatis, Andy Sullivan Organizations: Walmart, Reuters, Dow Jones Industrial, Health, Wellness, American Pharmacists Association, Pharmacy Workforce Center, Pharmacy, Thomson Locations: Arkansas , Tennessee , Missouri , Alabama, Georgia, Florida, Louisiana, Bentonville , Arkansas, Washington, New York

☆ AI in focus: Here's what to look for when Salesforce and Broadcom report earnings
▼ + stars: | 2023-08-29 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The earnings from Salesforce and Broadcom follow a rough patch for technology stocks that began in mid-July. .SPX AVGO,CRM 3M mountain The S & P 500's performance versus Broadcom and Salesforce over the past three months. Salesforce For the three months ended July 31, Wall Street expects Salesforce's revenue to jump more than 10% year-over-year, to $8.53 billion, according to Refinitiv. Broadcom's AI exposure currently falls into two primary buckets. While Broadcom's AI networking business is no doubt fast-growing, Vinh noted there are headwinds within other pockets of its wide-ranging semiconductor business, such as traditional enterprise networking and broadband.

Persons: Wednesday's, SPX, Scott Berg, Berg, Wells Fargo, —, Salesforce, Needham's Berg, Hock Tan, Bard chatbot, John Vinh, Bard, Vinh, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Club, Broadcom, Wall, Needham &, CNBC, Salesforce, Google, Jericho, UBS Locations: Irvine , California

☆ Big Tech profits are set to surge in the second half: How our 6 stocks stack up
▼ + stars: | 2023-08-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Collectively, these six long-term holdings are expected to boost profits by 87% in the second half, up from 27% in the first half, according to estimates from FactSet. Nvidia 1st half earnings growth: 103% 2nd half expected earnings growth: 371% Investor excitement in Nvidia, already high, was lifted even further by the company's recently reported fiscal second quarter , which blew expectations out of the park. Amazon 1st half earnings growth: 266% 2nd half expected earnings growth: 297% The company's second quarter North America segment posted an operating margin of 3.9%, impressing investors like us with a 620-basis-point improvement over the last five quarters. That's why earnings growth for the second half of 2023 looks lighter than the recently reported fiscal fourth quarter of 2023 . Apple 1st half earnings growth: 2% 2nd half expected earning growth: 11% The iPhone maker had a "muted start" to the second half as consumers wait for the September release of the iPhone 15, said analysts at Loop Capital.

Persons: there's, Zev Fima, Morgan Stanley's, Wedbush, Morgan Stanley, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Big Tech, Nvidia, Microsoft, Apple, Investing, NVIDIA, Amazon, Meta, Facebook, Meta Connect, Management, Google, YouTube, Bank of America, Loop, CNBC, Getty Locations: FactSet, America, 2H23, Taipei

☆ 2 millennials who have bought a combined 22 properties with friends and family explain how they got into real estate without waiting on a spouse
▼ + stars: | 2023-08-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Two millennials who bought homes with friends say "houses before spouses" is the way to go. They bought a beach house, lake home, and ranch house with friends, which they use for vacations. Since then Modares has purchased eight properties with friends and family that have variously served as rental properties and primary residences. Modares and Douglass run a "buying with friends" minicourse to encourage clients to explore less-conventional real-estate partnerships. AdvertisementAdvertisementThe critical part of homebuying with friends, they said, is the operating agreement, which outlines the terms and conditions of a real-estate partnership.

Persons: Kristina Modares, didn't, Modares, Steph Douglass, Douglass, minicourse, they're, homebuying Douglass, Austin's, She's, they've, that's, she'd, she's, — Douglass, they'd Organizations: Service, Open House Austin, Nationwide Locations: Wall, Silicon, San Antonio, Austin, Florida, homebuying, Airbnb

☆ 'Putin's vulture': Why the Ka-52 attack helicopter is one of Russia's most influential weapon systems
▼ + stars: | 2023-08-26 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +7 min

Russia's Ka-52 attack helicopter has been imposing a high cost on Ukraine's counteroffensive this summer. AdvertisementAdvertisementIt can also serve as a surveillance platform and an aerial command center for a fleet of attack helicopters. While some military experts say the US Apache helicopter is superior to the Ka-52, the Russian helicopter gunship is highly rated. In its review of the top nine attack helicopters, Military-Today.com wrote: "The Ka-52 is one of the fastest and most maneuverable attack helicopters due to its two coaxial contra-rotating main rotors. A video appears to show one of the Ka-52 attack helicopters being downed, revealing Russia's weakness, a former US general told Insider.

Persons: Russia's Ka, Ukraine's, Today.com, ALEXANDER NEMENOV, Insider's Ryan Pickrell, Andriy Yermak, Maxym Organizations: Russian, Service, Kremlin, Kyiv Post, Kamov, Russian Helicopters, Airforce Technology, US Apache, Russian Defense Ministry Press Service, AP, Military Factory, Russia, Getty, UK Ministry of Defence, Twitter, Ukrainian, Russian Ministry of Defense, Royal United Services Institute, Forbes Locations: Ukrainian, Wall, Silicon, Russian, Ukraine, AFP, Zaporizhzhia, Kyiv, London, American, Russia

☆ Here are the 8 trades and 3 price-target changes we made during a busy week
▼ + stars: | 2023-08-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

Monday Monday proved to be a harbinger for the rest of the week, beginning with purchases of GE Healthcare (GEHC) and Stanley Black & Decker (SWK). GE Healthcare and Stanley Black & Decker appeared especially attractive, leading us to buy 100 shares and 150 shares, respectively. For GEHC, we wanted to take advantage of what we believe was an unwarranted decline in the medical technology company's stock price. Our purchase of Starbucks represents another buying-into-post-earnings-weakness situation, as we did with Microsoft and Stanley Black & Decker earlier in the week. That's why on Thursday we took our Nvidia price target to $600 per share from $450, implying roughly 27% upside.

Persons: Jerome Powell's Jackson, Here's, Stanley Black, Decker, SWK, Nikesh Arora, Jim Cramer, that's, Locker, Locker's, —, Jim Cramer's, Jim, Angela Weiss Organizations: Federal, GE Healthcare, Microsoft, Palo Alto Networks, Big Tech, Amazon, Starbucks, Broadcom, Devices, Nvidia, Charitable, AMD, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Danaher, New York City

☆ Deloitte's human-sustainability chief wants to help employees beat burnout. She says the best solutions go beyond vacation and office yoga — and involve undoing 100 years of routine.
▼ + stars: | 2023-08-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

To combat burnout, it will take more than vacations and a few yoga classes, she told Insider. To really fix what's wrong with work, Fisher said, we need to have deeper, more thoughtful conversations. Fisher said employers need to push back on the idea that workers who cut through piles of work must be in good shape. I was on my way to burnout and the downstream impacts of my actions and behaviors on my team were detrimental," she said. Her own journey toward a more balanced approach to work leaves Fisher optimistic that broader change is possible.

Persons: Jen Fisher, who'd, Fisher, Deloitte's Jen Fisher, Odette Fernandez Lopez, We've, we're, she's, they're Organizations: Deloitte, Service Locations: Wall, Silicon, chemo

☆ How 5 companies are using pricing power to protect profits during high inflation
▼ + stars: | 2023-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

A select group of our Club holdings have recently demonstrated durable pricing power to protect profits during what continues to be a high inflation environment. For companies, elevated inflation means higher input costs — higher costs on the goods and services required to run their businesses. In a recent note, UBS acknowledged, "Inflation may trend back toward the Fed's target sooner than expected reducing the relative advantage of companies with pricing power." In fact, UBS believes that "companies with pricing power have the potential to outperform the broader market in the months ahead." Microsoft's pricing power comes down to the simple fact that they have positioned themselves as a core backbone of global productivity.

Persons: Andrew Bonfield, Jim Umpleby, we'll, Gamble, Gillette, Jon Moeller, Linde, Matthew White, White, Salesforce, Jim Cramer's, Jim Cramer, Jim, Procter & Gamble, Justin Sullivan Organizations: Federal Reserve, UBS, Caterpillar, Procter, Gamble, Linde, LIN, Microsoft, Construction Industries, Resource Industries, Energy, Transportation, Procter & Gamble, Health, Care, Investment, Management, Services Cloud, Cloud, Industries, CNBC, Procter & Locations: U.S, Australia, Canada, New Zealand, Greenbrae , California

And that $1 trillion of data centers is in the process of transitioning into accelerated computing and generative AI. Additionally, Nvidia announced AI-ready servers to support the VMware Private AI Foundation and help businesses customize and deploy generative AI applications using their proprietary data. Shares of AMD have also surged higher in this year's AI trade, though the role the company plays in the field is less clear. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jensen Huang, Huang, ChatGPT, Nvidia's Huang, It's, We've, Grace Hopper Superchip, it's, hyperscalers, Jim Cramer, Jim, Eduardo MunozAlvarez Organizations: Broadcom, Jim Cramer's Charitable Trust, Devices, AMD, Moore's, Microsoft, Broadcom's, VMWare, VMware, Nvidia, AI Foundation, U.S . Federal Trade Commission, Intel, Tower Semiconductor, ARM, CNBC, View, Getty Locations: China

☆ The last Nvidia bear on Wall Street throws in the towel and ditches 'sell' rating
▼ + stars: | 2023-08-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

There are no more "sell" ratings for Nvidia on Wall Street following its strong second-quarter earnings. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Morningstar Research analyst Brian Colello upgraded Nvidia to "hold" from its Wall Street-equivalent rating of "sell" in a note on Wednesday. Such growth might be unprecedented in large-cap tech, but we foresee all types of enterprises investing in AI," Colello said. According to data compiled by Bloomberg, Wall Street has 54 "buy" ratings and five "hold" ratings on Nvidia stock.

Persons: Morningstar, Brian Colello, Colello, Stifel's Ruben Roy, Roy Organizations: Nvidia, Wall, Service, Morningstar Research, Bloomberg Locations: TSMC, Wall, Silicon, Colello

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