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☆ Thailand’s Weed Industry Is Poised to Grow Fast
▼ + stars: | 2023-08-27 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

In Bangkok these days, it’s hard not to notice the weed dispensaries catering to tourists that have multiplied since the government decriminalized the drug last year. Many of them take advantage of lax regulations to openly sell visitors dried marijuana flowers that have been imported illegally from Canada or the United States. On a recent afternoon, one shop advertised its pungent offerings — weed strains with names like “Ice Cream Cake” and “Lemon Cookies” — as “California’s finest.”But such dispensaries may be soon be out of business because of competition, oversupply and expected new regulations around the drug’s cultivation and sale, several cannabis industry experts said in interviews. The survivors will sell high-quality, domestically grown weed, which helps explain why investors have been plowing millions of dollars into high-tech indoor cannabis farms across Thailand. Although no one knows what kind of regulations the nation’s newly elected leadership will usher in, cannabis industry experts said the rules will most likely give investors more clarity and raise the bar to market entry in a way that benefits businesses with the best domestic supply chains.

Locations: Bangkok, Canada, United States, Thailand

Seafood is having a bad week in East Asia, which is bad news for a region where it’s a major part of the diet. Experts say Japan’s discharge into the ocean of treated radioactive wastewater from the ruined Fukushima nuclear power plant, which began on Thursday, does not and will not pose health risks to people who eat seafood. On Thursday, the Chinese government widened a ban on seafood imports to include all of Japan instead of only some regions. The wastewater release has been heavily politicized and fueled deep anxiety over seafood in both China and South Korea, leaving some wondering whether sushi, sashimi and other products were still safe. At Noryangjin Fish Market in Seoul on Friday, fish vending associations had put up banners urging consumers to not give in to paranoia.

Locations: East Asia, Japan, China, South Korea, Seoul

☆ Charging infrastructure is the next stage of Tesla's monetization, says Wedbush's Dan Ives
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharging infrastructure is the next stage of Tesla's monetization, says Wedbush's Dan IvesDan Ives, senior equity research analyst at Wedbush Securities, joins 'Closing Bell' to discuss his bull case for Tesla, Tesla's expansion into charging stations, and Elon Musk's growth strategy over profit.

Persons: Tesla's monetization, Wedbush's Dan Ives Dan Ives, Tesla Organizations: Wedbush Securities

☆ CNBC Daily Open: Nvidia underpromises and massively overdelivers
▼ + stars: | 2023-08-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. A year ago, Nvidia CEO Jensen Huang promised investors the company is "navigating our supply chain transitions in a challenging macro environment and we will get through this." Hum goes on to suggest it's possible that, three months later, Nvidia reports revenue of $18 billion to $19 billion. That's almost $3 billion more than the $16 billion Nvidia said it expects.

Persons: Jensen Huang, David Paul Morris, bluster, Dan Ives, Robert Hum, Chaim Siegel, Elazar, —, Kif Leswing Organizations: Nvidia, Bloomberg, Getty, CNBC, Wedbush Securities, Elazar Advisors Locations: Las Vegas

At least four people were dead, including a gunman, and six others were injured after a man believed to have been a retired law enforcement officer opened fire at a popular biker bar in Southern California on Wednesday evening as a crowd gathered for a rock music show and spaghetti night, the authorities said. The shooting occurred at about 7 p.m. at Cook’s Corner, a bar in Trabuco Canyon, a rural community in eastern Orange County, Jeff Hallock, undersheriff at the Orange County Sheriff’s Department, said. The injured were taken to Providence Mission Hospital in Mission Viejo, Calif. Two of the patients were in critical condition, and four were in stable condition, the hospital said. Undersheriff Hallock said the shooting erupted in front of as many as 40 people. He called the incident “an absolute tragic event.”

Persons: Jeff Hallock, undersheriff, Undersheriff Hallock, ” Organizations: Orange County Sheriff’s Department, Providence Mission Hospital Locations: Southern California, Trabuco, Orange County, Orange, Providence, Mission Viejo, Calif

☆ Nvidia's blowout results are exciting analysts so much, one of them even said the AI chipmaker will be 'most important company to civilization'
▼ + stars: | 2023-08-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

AI chipmaker Nvidia posted record second-quarter revenues of $13.51 billion. One jubilant analyst made a bold call: He thinks Nvidia will be the "most important company to civilization" in the next decade. Even Daniel Ives, an analyst at Wedbush Securities, gushed in a tweet: "It's all about AI demand and use cases. "AI needs specialized chips to run on, and trillions worth of processing chips will be up for replacement through this decade." Dessai added there are other opportunities for AI chips as they eventually make their way into other products including smartphones, laptops, cars, and medical devices.

Persons: Angelo Zino, Daniel Ives, Dessai Organizations: Nvidia, Service, Yahoo Finance, Wedbush Securities, gushed, Tejas, Global Locations: Wall, Silicon

☆ Nvidia set the market alight last quarter. Can it repeat the trick?
▼ + stars: | 2023-08-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.

Persons: Jensen Huang, Phillip Toews, that’s, …, ”, Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, —, X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West

☆ Stock futures climb as Nvidia beats Wall Street earnings estimates: Live updates
▼ + stars: | 2023-08-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures ticked higher on Wednesday, with investors focusing on key second-quarter results from chipmaker Nvidia to gauge whether the AI excitement is more than just hype. S&P 500 futures climbed 0.5% while Nasdaq 100 futures gained 0.7%. All eyes on Wall Street were keenly awaiting Nvidia's second-quarter results after the closing bell, and it didn't disappoint. That topped the average analyst estimate from Refinitiv of $2.09 per share in profits and $11.22 billion in revenue. Investors also await comments from Federal Reserve Chair Jerome Powell from Jackson Hole, Wyoming, on Friday, which Wall Street hopes will provide insight toward the path of benchmark interest rates.

Persons: Dan Ives, Jerome Powell, Jackson Organizations: New York Stock Exchange, Stock, Nvidia, Nasdaq, Dow Jones, Wedbush Securities, Taiwan Semiconductor, AMD, Marvell Technology, Investors, Federal Locations: Jackson Hole , Wyoming

☆ Palo Alto Networks soars 15% after earnings report. What the pros say to do next
▼ + stars: | 2023-08-21 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto Networks soars 15% after earnings report. What the pros say to do nextJim Cramer, Dan Ives of Wedbush Securities, Joe Terranova of Virtus Investment Partners and Steve Weiss of Short Hills Capital discussed Palo Alto Networks after the cybersecurity company reported better-than-expected earnings.

Persons: Jim Cramer, Dan Ives, Joe Terranova, Steve Weiss Organizations: Wedbush Securities, Virtus Investment Partners, Short Hills Capital, Palo Alto Networks

☆ Nvidia's A.I. use cases are what everyone's waiting to hear, says Wedbush's Dan Ives
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's A.I. use cases are what everyone's waiting to hear, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Ives' price target for Nvidia, what happens if Nvidia disappoints in the company's earnings results, and more.

Persons: Wedbush's Dan Ives Dan Ives, Ives Organizations: Wedbush Securities, Nvidia

☆ More Than 60 Migrants Feared Dead After Boat Accident Off Cape Verde
▼ + stars: | 2023-08-17 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: 1 min

More than 60 migrants are believed to have died after a boat carrying them from Senegal capsized in the Atlantic Ocean off Cape Verde, the authorities said this week. The boat capsized at some point after leaving Senegal on July 10, the Reuters news agency reported on Wednesday, citing the Senegalese Foreign Ministry. A Spanish fisherman found the boat floating about 150 miles north of Cape Verde’s Salt Island, the country’s national police said on Monday. The islands of Cape Verde lie several hundred miles west of Senegal. She said seven people had been confirmed dead and 56 others were still missing.

Persons: Safa Organizations: Reuters, Senegalese Foreign Ministry, United Locations: Senegal, Cape Verde, Spanish, Cape Verde’s Salt, United Nations

☆ It's a matter of 'when not if' Apple buys ESPN, says Wedbush's Dan Ives
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a matter of 'when not if' Apple buys ESPN, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: Apple, ESPN, CNBC

☆ A.I. is the biggest transformational tech trend we've seen in 30 years, says Wedbush's Dan Ives
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. is the biggest transformational tech trend we've seen in 30 years, says Wedbush's Dan IvesDan Ives, managing director of equity research at Wedbush Securities, joins 'Squawk on the Street' to discuss Ives' thoughts on artificial intelligence, use cases for the technology, and his parting thoughts on Apple ahead of its new cycle.

Persons: Wedbush's Dan Ives Dan Ives, Ives Organizations: Wedbush Securities

☆ Mark Zuckerberg calls off Elon Musk cage match: 'If Elon ever gets serious ... he knows how to reach me'
▼ + stars: | 2023-08-14 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

Mark Zuckerberg is tired of waiting around for his cage match with Elon Musk. "I offered a real date. [UFC president] Dana White offered to make this a legit competition for charity," Zuckerberg posted on Threads, the Twitter rival whose creation started the beef in the first place. "If Elon ever gets serious about a real date and official event, he knows how to reach me." Musk doesn't want Zuckerberg to have the upper hand in the when, where and how this fight happens."

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Dana White, Elon, Musk, Walt Mossberg, Musk texted Zuckerberg, Dan Ives, that's, Warren Buffett Organizations: Elon, Facebook, UFC, Twitter, Meta, CNBC, Wedbush Securities Locations: Italy, Rome

☆ Gen Z’s Housing Anguish
▼ + stars: | 2023-08-13 | by ( Anna Kodé | More About Anna Kodé | ) www.nytimes.com time to read: +1 min

For years, we’ve been told that what you pay for housing shouldn’t exceed 30 percent of your monthly income. I knew that sticking to that maxim was getting harder for many people because housing costs have soared in the past few years, which I’ve written about as a reporter for The Times’s Real Estate section. Not very, especially for many Gen Z adults who have recently moved into their first homes and are early in their careers. My colleague Karen Hanley and I spoke with dozens of them across the country for a story that recently published about how they’re living with high housing costs. Most said they couldn’t imagine a future in which they owned a home; some even laughed at the prospect.

Persons: we’ve, Karen Hanley, Ives Williams, It’d, ” Locations: Baltimore

Image The Pioneer Inn in Lahaina, Hawaii, last year. Image Shops and dining destinations along the sidewalks and streets in Lahaina, Maui. Mr. Hedani said the fabled beach areas on Oahu that Hawaii is best known for held nothing on Lahaina. “The sunset looks fake every time I see it.”Image Sunset in Lahaina, Hawaii. “What happens when you take away the most important street on Maui?” he said.

Persons: George Alan Freeland, Freeland’s, ”, Theo Morrison, Daejas, Baldwin, Ephraim Spaulding, Dwight Baldwin, Morrison, Mark Twain, “, —, Kiha Kaina, Patrick T, Kaina, Lee Anne Wong, Wong, Tony Novak, Clifford, Ronald Williams, Williams, it’s, Jared Hedani, Tommy Bahama, Hedani, “ You’re, Jim Wilson, Kamehameha the, Kaniela Ing, Ing, “ I’d, Amy Qin, David W, Chen, Mitch Smith Organizations: Lahaina Restoration Foundation, The New York Times, East Coast, ., Fallon, Agence France, French Culinary Institute, Hawaii State Archives, New York Times, Green New Deal Network Locations: Lahaina, British, Maui, Hawaii, “, United States, Lahaina , Hawaii, Massachusetts, East, Berkeley, Calif, ”, Papa’aina, New York City, Maui . Credit, Mexico City, Shaw, Paradise, Oahu, Waikiki

☆ Despite this week's pullback, we see tech stocks up 20% going in to 2024, says Wedbush's Dan Ives
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite this week's pullback, we see tech stocks up 20% going in to 2024, says Wedbush's Dan IvesDan Ives, managing director of equity research at Wedbush Securities, joins 'Closing Bell' to discuss the pull back in tech stocks, increases in enterprise spending towards cloud and the case for a massive second half rally for tech stocks.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ Buy tech stocks now as solid 2nd-quarter earnings will power a 15% rally into year-end, Wedbush says
▼ + stars: | 2023-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors should buy technology stocks ahead of a year-end rally, according to Wedbush's Dan Ives. Ives said Friday that the combination of solid second-quarter earnings and a less hawkish Fed should boost stock prices. "With the Fed waving the white flag on rate hikes, we see a green light risk-on environment into year-end," Ives said. "We firmly stick with our bullish call that a 12% to 15% [rally] in tech stocks will be in the cards heading into year-end as the new tech bull market has begun," Ives said. That strength in AI should help boost technology stocks, as should a less hawkish Fed.

Persons: Wedbush's Dan Ives, Ives, Dan Ives, headwinds Organizations: Service, Nasdaq, Microsoft, Apple, Fed Locations: Wall, Silicon, Rome

Devastating wildfires linked to climate change have lately become somewhat normal in the American West and beyond. In that sense, the Maui fires are nothing new. The ones on Maui this week are destructive in part because of the island’s isolation, fragile supply chains and dependence on tourism. The winds driving the fires, driven themselves in part by a hurricane passing hundreds of miles away in the Pacific Ocean, were expected to ease on Thursday. Phone service was down in some parts of the island’s west coast, including Hawaii’s former royal capital, Lahaina, where fire has been ripping through weathered wooden storefronts.

Persons: ”, Burgess Harrison, “ Organizations: Fire, U.S . Coast Guard, Hawaii Department of Health Locations: Maui, American, Maui and Minnesota, Minnesota, Hawaii, Lahaina

☆ Hurricane Dora’s High Winds Fuel Wildfires in Hawaii
▼ + stars: | 2023-08-09 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: 1 min

Hurricane Dora, a Category 4 storm hundreds of miles south of Hawaii on Tuesday night, was generating high winds on the islands that fueled brush fires and prompted evacuations. Dora was not expected to make landfall in Hawaii, but the storm was causing high winds after dry conditions had created a particularly high risk of wildfires. On Hawaii’s Big Island, winds fueled by Dora prompted evacuations on Tuesday, and crews battled a wildfire along a highway. Those winds also contributed to several wildfires on the island of Maui, including one that was about 1,000 acres by Tuesday afternoon, the Maui County Emergency Management Agency said. Structures caught fire, and several evacuations were underway, it added.

Persons: Dora Organizations: Emergency Management Agency Locations: Hawaii, Maui

☆ Threads doesn't seem to be catching on — and X is losing some once-loyal users. Gen Zers share what they think is missing.
▼ + stars: | 2023-08-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Threads is struggling to retain users, and X is losing popularity among some Gen Zers. Two Gen Zers say social media is about building an online community with those who share your views. When Threads first launched, some Gen Zers shared their excitement for Threads' potential to be the "go-to social media platform for venting and sharing among Gen Z." Insider contacted more Gen Zers to learn their opinions on Threads and find out what attracts them to the apps they use daily. Rose said the text-based X app is for her inner thoughts, while image-based Instagram is for catching up with old friends.

Persons: Zers, Elon Musk's

☆ Palantir's A.I. ambitions divide analysts. A bull and bear make their cases
▼ + stars: | 2023-08-08 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 7, 2023. Palantir Technologies raised its annual revenue target on Monday as it sees an opportunity to commercialize AI, but not all analysts are convinced. On Monday, CEO Alex Karp said Palantir's aim is to make money from AI, instead of merely producing tools that write computer-generated poetry. "We will figure out how to monetize it," Karp said, referring to Palantir's artificial intelligence platform, or AIP. Dan Ives, managing director at Wedbush Securities, is bullish on Palantir's AI ambitions.

Persons: Alex Karp, Karp, Dan Ives, That's, Ives, Palantir Organizations: Palantir Technologies Inc, P Global, Palantir Technologies, AIP, Wedbush Securities, U.S . Special Operations Command Locations: Houston , Texas, CNBC's

☆ Palantir is the best 'pure play A.I. name,' investment firm says
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir is the best 'pure play A.I. name,' investment firm saysDan Ives of Wedbush Securities explains why he thinks Palantir Technologies will be one of the core artificial intelligence names in the coming years.

Persons: Dan Ives, Palantir Organizations: Wedbush Securities

☆ Apple's service performance could see double-digit growth in 2024: Wedbush Securities' Dan Ives
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's service performance could see double-digit growth in 2024: Wedbush Securities' Dan IvesDan Ives, Wedbush Securities managing director, joins 'Closing Bell' to discuss what to look for in Apple's upcoming earnings report, Apple's attempt to gain market share in China, and Apple's attempt to expand its margins.

Persons: Dan Ives Dan Ives Organizations: Wedbush Securities Locations: China

☆ We are in a fourth industrial revolution, says Wedbush's Dan Ives on LK-99 hype
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are in a fourth industrial revolution, says Wedbush's Dan Ives on LK-99 hypeDan Ives, Wedbush Securities managing director, joins 'Last Call' to talk rumors of the LK-99 semiconductor, A.I. hype and more.

Persons: Wedbush's Dan Ives, Dan Ives Organizations: LK, Wedbush Securities

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