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"The company made a massive switch in its consumer mix," said Sandeep Rao, a senior researcher at Leverage Shares, an investment management company. As for competition, even if Nvidia's contenders appear weak, more entrants will grab market share. Beth Kindig, the CEO and lead tech analyst for the I/O Fund, estimates that AMD's market share could reach 20%. Nvidia and AMD have similar production costs since neither makes their GPUs but uses the same supplier, Taiwan Semiconductor (TSMC). "So AMD is a little bit behind in terms of performance," Rao said.
Persons: Sandeep Rao, corporates, Rao, Nvidia's, Blackwell, Rubin, AMD'sRadeon, Beth Kindig, Nvidia's Blackwell Organizations: Service, Apple, Microsoft, Business, Nvidia, Semiconductor, Nvidia Investors, AMD, Taiwan Semiconductor, Intel, Baidu Locations: China, India
The family-favorite card game has been around for 52 years — but it may be more popular than ever. The game was recently featured in an episode of the TV series “Hacks,” when lead character Deborah Vance joins some old friends for a card game in Las Vegas, only to learn that instead of poker they’re playing Uno. It’s often there in the background in people’s homes — stacked on a shelf with other board and card games or stored in a drawer, ready for game nights and camping trips. The card game is now for sale in over 80 countries. In the first quarter of 2024, it was the second-most popular game in Circana’s traditional games category, right behind traditional Uno.
Persons: Uno, That’s, Michelle Parnett, Dwyer, , Morgan Coder, Kathleen Stoughton, Kim, Alisha Jucevic, Obama, Joe Jonas, Kylie Jenner, John Legend, Chrissy Teigen, Questlove, Taylor Swift, Jason Sudeikis, Deborah Vance, Lil Yachty, Uno Uno, Merle Robbins, Robbins, Parnett, Yu, Daniel Karmann, Ray Adler, Harry Potter, , Adler, It’s, ” Adler, today’s, “ It’s Organizations: CNN, Mattel, Strong, Museum of, Uno, Washington Post, Walmart, AP, Global, of, NFL, Toy Hall of Fame Locations: Rochester , New York, Portland , Oregon, Las Vegas, Ohio
Paramount and Skydance have agreed to terms on a merger, according to multiple reports. The deal is valued at $8 billion, according to CNBC, but has yet to be signed by Shari Redstone. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter weeks of negotiations, a Paramount and Skydance merger is happening, according to reports in CNBC and Deadline. The deal has yet to be signed by Shari Redstone, who owns a controlling stake in Paramount, but will be formally unveiled in days, according to CNBC.
Persons: Skydance, Shari Redstone, David Ellison, , Larry Ellison — Organizations: Paramount, CNBC, Service, RedBird Capital Partners, KKR, Business
The votes are still being counted, but this much is clear: Mexico’s leftist governing party dominated Sunday’s elections. Claudia Sheinbaum, the first woman and first Jewish person to be elected president, beat her opponent on Sunday by a stunning 30 percentage points or more, early returns show. She and her Morena party were expected to win, but they outperformed pre-election polls: She won a larger share of the vote than any presidential candidate in decades, and her party and its allies are within reach of claiming big enough majorities in Congress to enact constitutional changes that have alarmed the opposition. Preliminary results show Morena taking seven of the nine governorships up for grabs — including the most prominent, Mexico City’s — and winning supermajorities in at least 22 of the 32 state legislatures. The election served as a referendum on the nearly six-year term of Andrés Manuel López Obrador, the current president, reflecting that a solid majority of the electorate has endorsed his stewardship of the country.
Persons: Claudia Sheinbaum, Morena, , Manuel López Obrador Locations: Morena, Mexico
There are 78 rooms at Paris' Hôtel de Crillon, but only two "Les Grand Appartements." The apartments can be combined, along with an adjoining room, to make a three-bedroom mega-suite that covers 335 square meters (3,606 square feet) of the hotel's fourth floor. Famed fashion designer Karl Lagerfeld designed the interiors down to the smallest of details, the hotel's Managing Director Vincent Billiard told CNBC. There's even a "secret room," said Billiard, hidden behind a bookcase that, with a push of a button, opens to reveal a magnificent dressing room. Watch the full video to see the suite's "secret room."
Persons: Karl Lagerfeld, Vincent Organizations: Vincent Billiard, CNBC Locations: Paris, Versailles
— Bill Reed I notice that P/E ratios can be quite inconsistent and vary from site to site. Before we figure out a stock's PEG ratio, we need to calculate its compound annual growth rate or CAGR. Nvidia is trading at 41 times earnings, our equation would be 41/28.21 which equals a PEG ratio of 1.45 times. As a general rule, a PEG ratio of 1 or lower indicates you're getting future growth at a good value. Most importantly, the PEG isn't the end-all-be-all, It's just another way of thinking about valuation.
Persons: Jim Cramer, Bill Reed, Mike M, it's, Let's, It's, Jim Cramer's, Jim, Michael M Organizations: CNBC, Nvidia, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty
How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.
Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, , Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica
Mexico is poised to elect its first female president on Sunday, a historic leap in a country long known for its machismo — and a big moment for all of North America. From the beginning of the presidential race, the only competitive candidates have been two women: the front-runner Claudia Sheinbaum, a climate scientist from the ruling Morena party, and Xóchitl Gálvez, an entrepreneur representing a coalition of opposition parties. The milestone is a reflection of the country’s complex relationship to women, who face rampant violence and rank sexism, yet are also revered as matriarchs and trusted in positions of authority. How the country got here before the United States, its biggest trading partner, has much to do with policies that forced open doors for women at every level of government, experts say.
Persons: Claudia Sheinbaum, Xóchitl Locations: Mexico, North America, United States
Insider Today: Arizona's 'Beverly Hills'
  + stars: | 2024-06-01 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +4 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It's time for tech workers to transition into their summer styles. AdvertisementBI spoke with fashion experts, who gave us a tech worker's guide to summer fashion. "We Are Lady Parts": The British sitcom, about an all-female Muslim punk rock band called Lady Parts, returns for its second season on Peacock. The British sitcom, about an all-female Muslim punk rock band called Lady Parts, returns for its second season on Peacock.
Persons: , Hollis Johnson, Samantha Lee, Let's, Jason Guerrasio, Jason, Mark, Jeff Bezos, Tyler Le, Sara Dubnow, Alyssa Powell, she's, Joey Haden, Eric, Benedict Cumberbatch, Peacock Organizations: Service, Business, MoviePass, Big Tech, Scottsdale BI's, Silverleaf, Netflix, 7M Films Locations: Los Angeles, Scottsdale, Silverleaf
Five senior figures in Russia's defense establishment have been arrested on corruption charges. The arrests follow the replacement of Sergei Shoigu as defense minister. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt began with Timur Ivanov, Russia's then-deputy defense minister, who was arrested after being accused of taking bribes "on a particularly large scale."
Persons: Sergei Shoigu, , Timur Ivanov, Russia's, Yuri Kuznetsov, Andrey Kozyrev, Boris Yeltsin, Putin, Foreman Organizations: Russia's MOD, Service, Kremlin, Business Locations: Moscow, Cyprus
The easier bit was the 90 minutes as Real Madrid won a record-extending 15th Champions League title by beating Borussia Dortmund in Saturday’s final. Off the pitch, Madrid topped Deloitte’s Football Money League 2024 with the highest revenues across the game over 2022-23. Madrid had been thrashed 4-0 by Pep Guardiola’s Manchester City in their Champions League semi-final second leg, while Xavi’s Barcelona easily won La Liga title. The ratings below, based on a model devised by sports intelligence firm Twenty First Group, help show the strength of many Madrid players whose best days are still ahead of them. Another key part of Madrid’s club value is its global reach and brand.
Persons: Dani Carvajal, Vinicius Junior, Nacho, Florentino Perez, Carlo Ancelotti’s, Jude Bellingham, Vinicius Jr, Federico Valverde, Rodrygo, Eder Militao, Aurelien Tchouameni, Eduardo Camavinga, Endrick, Pep, Cristiano Ronaldo, Sergio Ramos, Gareth Bale, Karim Benzema, Julian Finney –, Borja Garcia, , “ Perez, Lionel Messi, Ronaldo, Thibaut Courtois, David Alaba, Antonio Rudiger, Zinedine Zidane, David Beckham, € 350milllion, Eden Hazard, Luka Jovic, Zidane, Beckham, Boris Horvat, Harry Kane, Perez, Joselu, Arda Guler, — €, , Valverde, Brahim Diaz, Alphonso Davies, 519million, Bale, Isco, Benzema, Toni Kroos, Garcia, , Madrid’s Santiago, Florencia Tan Jun, 140million, € 1bn, Taylor Swift, 5million, “ We’ll, Andrea Sartori, trumpeted, ” Garcia, “ They’ve, they’ve, I’ve, 5.1billion, socios, 867million, It’s, Michael Regan – Organizations: Real Madrid, Borussia Dortmund, Madrid, Santiago Bernabeu, Liga, Supercopa de Espana, Atletico Madrid, Copa del Rey, Deloitte’s Football, Football Benchmark, Bernabeu, Manchester City, Champions League, Barcelona, La Liga, League, Julian Finney – UEFA, UEFA, Getty, Sport Management, Loughborough University, , Juventus, Manchester United, Casemiro, Football, Arsenal, Bayern Munich, Bellingham, PSG, Chelsea, City, Madrid’s Santiago Bernabeu, , € 1bn Bernabeu, NFL, 80million, Adidas, Emirates Airline, “ Real, Manchester City FC, Sixth, Providence, Catalan, Barca €, Super League, Super, Justice, Michael Regan – UEFA Locations: Saturday’s, Barcelona, Wembley, Madrid, Kylian Mbappe, “ Madrid, Tchouameni, Bellingham, AFP, England, Chelsea, Lille, Bernabeu, “ Real Madrid, Real, United States
Taylor Hill | Getty ImagesTop proxy advisor Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package and withhold their support from the re-election of News Corp . Tesla's shareholder meeting is on June 13. Tesla's board is seeking shareholder approval to reinstate Musk's pay after a Delaware court voided the package earlier this year. The proxy advisor recommended support for some shareholder proposals that Tesla management opposes, including one that would declassify Tesla's board. Pay package pushTesla has been courting shareholder support in both time-tested and novel ways.
Persons: Elon Musk, Elon Musk's, James Murdoch, Glass Lewis, Tesla, Innisfree, Robyn Denholm, Leo KoGuan, KoGuan, Go Nakamura Organizations: Academy Museum of Motion Pictures, Getty, Services, News Corp, CNBC, ISS, FGS Global Locations: Los Angeles , California, Taylor, Delaware, Texas, Austin, Austin , Texas, U.S
Instead, Wall Street and Silicon Valley money is flowing into his re-election campaign following the ruling. “This verdict will have less than zero impact on my support,” Omeed Malik, the president of 1789 Capital and a co-host of a Trump fund-raiser last night at the Pierre hotel, told Bloomberg. “I haven’t heard anybody who gives a …,” he told CNBC of the conviction, using an expletive. Some big Silicon Valley names are doubling down. One who did is Shaun Maguire, a partner at Sequoia Capital, who gave $300,000 to the Trump campaign after the ruling, even though he acknowledged the decision could cost him friends and hurt business.
Persons: Donald Trump, ” Omeed Malik, Andy Sabin, , Biden, Bill Ackman, Trump, David Sacks, Shaun Maguire Organizations: Republican, Pierre, Bloomberg, CNBC, Trump, Sequoia Capital Locations: Silicon, San Francisco
Nvidia is the key to how stocks will perform in the next few months as investors head into a seasonally weak period for markets, with the macroeconomic picture once again a center of attention. Stocks capped a winning month in May after a strong earnings season and signs of easing inflation buoyed investor optimism. .VIX YTD mountain CBOE Volatility Index In fact, the CBOE Volatility Index, known as Wall Street's fear gauge, is currently at 14. The broad market index was last around 5,220. Traders will have to rely on macroeconomic data for the next several weeks, including the May jobs report that's on deck next Friday.
Persons: Stocks, what's, Olivier Sarfati, Sarfati, Jensen Huang's, Josh Brown, Jonathan Krinsky, Jeff deGraff, CNBC's, deGraff, Rob Ginsberg, JC O'Hara, Roth, Dow Jones, Thomas Urano, Jobs, Cook Organizations: Nvidia, Nasdaq, Dow Jones, Ritholtz Wealth, Semiconductors, VanEck Semiconductor, Macro, Wolfe Research, Advisory, PMI, Manufacturing, Hewlett Packard Enterprise, Body, Services PMI, Labor, Girls Global, University of, District of Columbia, Consumer Credit Locations: Smucker, Washington
The company said just two customers represented 24% of its revenue in the first quarter. UBS thinks the biggest mystery customer — accounting for 19% of revenue last year — is Microsoft. And UBS believes Nvidia's biggest customer of them all is Microsoft. According to supply chain data estimates from Bloomberg, Arcuri is spot on with Microsoft being Nvidia's largest customer. Bloomberg data estimates that Microsoft makes up 15% of Nvidia's revenue, followed by Meta Platforms at 13% of revenue, Amazon at 6% of revenue, and Alphabet at about 6% of revenue.
Persons: , Blackwell, Timothy Arcuri, Arcuri Organizations: Nvidia, UBS, Microsoft, Service, SEC, OpenAI, Bloomberg, Meta, Amazon
If you're a higher earner and looking to boost tax-free retirement savings, there's a lesser-known strategy that could be worth considering. While Roth individual retirement accounts offer tax-free growth and other benefits, some investors earn too much for direct contributions. For 2024, the adjusted gross income limits for Roth IRA contributions are $161,000 for single filers or $240,000 for married couples filing jointly. However, so-called mega backdoor Roth conversions — which shift after-tax 401(k) contributions to a Roth account — can sidestep Roth IRA income limits for contributions. It's a "no-brainer" after maximizing other tax-advantaged options, assuming you don't need the cash for other goals, said certified financial planner Brian Schmehil, managing director of wealth management at The Mather Group in Chicago.
Persons: Roth, sidestep Roth, It's, Brian Schmehil, Schmehil Organizations: The Mather, Finance Locations: Chicago
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Below $200 a share is the level we'd get interested in buying more Salesforce stock, Jim said. The industrial name will continue to be a beneficiary of the AI trade due to Eaton's booming data center business. Alphabet : If this mega-cap name experiences a move lower, investors should scoop up shares, Jim said. Nvidia : There's not much more to say about Nvidia in light of another blowout earnings report and the strong guidance accompanying it.
Persons: Jim Cramer's, Jim, Apple's, Goldman Sachs, Salesforce, We've, Danaher, he'd, Walt Disney, We're, Estee Lauder, Eaton, Ford, Motors, Mary Dillon's, It's, Linde, Eli Lilly, Mark Zuckerberg's, Morgan Stanley, we're, Stanley Black, we've, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Abbott Labs, Amazon Web Services, Broadcom, Dell, Samsung, Costco Wholesale, Coterra Energy, DuPont De Nemours, DuPont, The, Eaton, Ford, GE Healthcare, Honeywell, Jim, Linde, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Change, Procter & Gamble, Constellation Brands, Constellation, Modelo, Corona, Federal Reserve, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Dover, Eaton, U.S, Maxx, HomeGoods, Wells Fargo, Macau, New York City
At its annual Worldwide Developers Conference next month, it's believed that Apple will share more information about an expected AI-integrated iPhone. Jim Cramer has said that new AI capabilities on devices and for devices will usher in the " greatest refresh cycle in history ." Wireless stands to benefit from the expected increase in iPhone sales because Apple is one of Broadcom's largest customers. If there's a surge in PC sales, in particular, this could boost both Nvidia's Gaming and Professional Visualization segments. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Satya Nadella, it's, Jim Cramer, It's, Tim Cook, Jim, iPhones, Jim Cramer's, Eugene Mymrin Organizations: Microsoft, Developers Conference, Apple, Broadcom, Nvidia, Computing, Windows, Revenue, Shareholders, China Academy of Information, Communications Technology, Broadcom Wireless, Broadcom's Semiconductor, Nvidia's Gaming, Club, HP Inc, Dell, CNBC Locations: China
Opinion | Robert F. Kennedy Jr. Is Worse Than a Spoiler
  + stars: | 2024-05-29 | by ( Gail Collins | ) www.nytimes.com   time to read: +1 min
Lately, you’ve probably been asking yourself: What does it mean that Nicole Shanahan has been chosen as Robert F. Kennedy Jr.’s running mate? I know, you’ve got a full and busy life. Jr. is, as we all know, running for president as an independent — an effort that will further publicize his anti-vaccination views and perhaps provide a point to his life. Shanahan, a lawyer who has never won elective office, is notable for being really, really rich. She’s a billionaire, thanks to her five-year marriage to Sergey Brin, one of the founders of Google.
Persons: you’ve, Nicole Shanahan, Robert F, Kennedy Jr, Shanahan, R.F.K ., Sergey Brin, Kennedy, Biden Organizations: Google
We are buying 75 shares of Dover at roughly $181.64 and 75 shares of GE Healthcare at roughly $78.31. We're also nibbling on more GE Healthcare. We also bought GE Healthcare on May 8. 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, DOV, We're, Jay Saccaro, GEHC, Jim Cramer, Jim Organizations: Dover, GE Healthcare, GEHC, Club, Systems, GE, CNBC, Midland Manufacturing Locations: Dover, China
Wednesday, May 29, 2024: Cramer says he's playing the long game on this overlooked health care stockJim and Jeff discuss why they're adding to this health care stock. They also talk about buying more of this energy stock. Finally, they discuss the analysts calls on this mega cap tech stock.
Persons: Cramer, he's, Jeff
Another mega oil dealBullish predictions for $100 crude oil may not have come to fruition, but that hasn’t stopped the deal frenzy in the fossil fuel sector. The latest: The Houston-based company ConocoPhillips has agreed to acquire its smaller rival, Marathon Oil, in an all-stock deal that values the company at $22.5 billion, including debt. The news comes a day after Hess shareholders approved Chevron’s $53 billion takeover in a contentious vote. The oil majors have pulled off some of the biggest deals in the past year despite tough regulatory scrutiny from the Biden administration and volatility in the oil market. Still, the U.S. giants are sitting on record profits, giving them the firepower to acquire smaller drillers with operations in the oil-rich Permian Basin and in the Gulf of Mexico.
Persons: hasn’t, Hess, Biden Organizations: ConocoPhillips, Marathon Oil Locations: Houston, U.S, Gulf of Mexico
Shortly after the opening bell, we will initiate a position in Dover by buying 100 shares at roughly $184.20. Meanwhile, total revenue was up 1% — the first positive growth since the first quarter of last year — to $2.09 billion, ahead of the expected $2.03 billion. That business posted 9.2% organic growth and total revenues of $543 million, far above the expected $495 million. Another standout business was pumps and process solutions, which had 4.5% organic growth and total revenue of $466 million, beating the expected $441 million consensus estimate. 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, DOV, We'll, Jim Cramer, Jim Organizations: DuPont, Dupont, Management, Dover, Citi, CNBC Locations: Dover
UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "
Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China
Tuesday, May 28, 2024: Jim Cramer breaks down the earnings momentum of this industrial stockJim and Jeff discuss why the positive news around these two industrial stocks, one they're looking to add to. Finally, they discuss the analyst calls on this mega cap tech stock.
Persons: Jim Cramer, Jeff
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