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☆ Sam Altman believes wars will be fought over AI unless there's massive spending on infrastructure. But that comes with a cost.
▼ + stars: | 2024-09-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Read previewIn a Monday blog post, OpenAI CEO Sam Altman argued that massive investment in AI infrastructure is key to market dominance — and avoiding global conflict. "If we don't build enough infrastructure, AI will be a very limited resource that wars get fought over, and that becomes mostly a tool for rich people." Representatives for OpenAI did not respond to a request for comment from Business Insider. He noted that data centers consume tons of water for their cooling systems — some of which evaporates, so it cannot be reused. "Any human endeavor that involves an optimization challenge can be made more efficient through artificial intelligence," Coglianese said.

Persons: —, Sam Altman, Altman, OpenAI, Alex de Vries, de Vries, Goldman Sachs, Shaolei Ren, he's, Ren, Cary Coglianese, Coglianese, we'll, I'm Organizations: Service, Business, Microsoft, BlackRock, White, Meta, Big Tech, University of California, University of Pennsylvania Locations: United States, United Nations, Riverside

☆ Stocks making the biggest moves after hours: Micron Technology, H.B. Fuller and more
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

The company sees fiscal first quarter adjusted earnings coming in at roughly $1.74 per share and revenue of around $8.70 billion. Fuller's adjusted earnings in the fiscal third quarter came in at $1.13 per share on revenue of $918 million. However, the company's $2.39 billion revenue was higher than the $2.38 billion estimate. Armada Hoffler Properties — Shares of the real estate investment trust dipped 5% after Armada Hoffler announced the commencement of the public offering of 7 million shares of its common stock. Adjusted earnings came in at 56 cents per share, compared to $1.26 per share a year ago.

Persons: LSEG, H.B, Fuller, Armada Hoffler, Darla Mercado Organizations: Micron Technology, Applied, Lam Research, Fuller Co, Armada, Worthington Steel

☆ Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
▼ + stars: | 2024-09-23 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker's earnings, which are expected Wednesday after market close. Monday's gain put the stock on track for its biggest advance since Aug. 28, when it popped 9%. Ulta — The cosmetics stock lost more than 3% after a downgrade to hold from buy at TD Cowen. Biohaven — Shares surged 12% after the clinical-stage pharma company announced positive trial data for its drug treating spinocerebellar ataxia known as troriluzole. Intel — Shares of the struggling chipmaker climbed 2.4% after Bloomberg News reported on Sunday that Apollo Global Management proposed to make a multibillion-dollar investment in Intel.

Persons: Harlan Sur, General Motors, Bernstein, Cowen, troriluzole, Ciena, Jesse Pound, Alex Harring, Samantha Subin, Sean Conlon Organizations: Micron Technology, Micron, JPMorgan, Tesla, Barclays, U.S . Army, General, pharma, Intel —, Bloomberg, Apollo Global Management, Intel, CNBC, Qualcomm, Citi

☆ Voiceitt’s AI-powered tech could help people with speech impairments to work remotely
▼ + stars: | 2024-09-23 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For people with non-standard speech, it can happen in nearly every interaction with this kind of technology — Israeli company Voiceitt aims to change that. By using personalized voice models, its AI-powered speech recognition system helps people with speech impairments, caused by conditions like cerebral palsy, Parkinson’s, Down Syndrome or stroke, communicate more effectively with both people and digital devices. For Voiceitt co-founder Sara Smolley, facilitating speech recognition for non-standard speech patterns is a personal mission. “By the time I was born, she had lost most of her motor capabilities, and her speech was impacted.”Voiceitt was launched as an app in 2021 and operated as a simple vocal translator, converting non-standard speech to audio. Voiceitt has developed integrations with WebEx and ChatGPT, along with a Google Chrome extension, which convert non-standard speech to captions shown on the screen.

Persons: CNN — You’ve, Sara Smolley, “, ”, Voiceitt, Smolley, ” Smolley, Colin Hughes, Hughes, ” Hughes, it’s anonymized Organizations: CNN, Microsoft, University of Illinois ’ Beckman Institute, Advanced Science, Technology, Apple, Union

☆ Wall Street hovers near record highs. Here's why we want to see choppiness
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow closed Friday at a record while the S & P 500 did so Thursday . Despite a slight dip in the S & P 500 Friday, the S & P Short Range Oscillator moved further into overbought territory at 7.3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim Cramer's, Morgan Stanley, Goldman Sachs, Jim, Jeff Marks, Jeff Organizations: CNBC, Dow, Health, Intel, Qualcomm, Bloomberg News, Apollo Global Management, Apple, Barclays, JPMorgan, Citigroup Locations: U.S

☆ Sam Altman's Worldcoin turns your iris into a code for universal basic income. Its privacy chief wants you to chill about your data.
▼ + stars: | 2024-09-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. To get an iris code, you have to recombine all of those pieces.

Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya

☆ The company behind Sam Altman's iris-scanning ID startup just revealed new tech. Its privacy chief explains how it works.
▼ + stars: | 2024-09-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. The one person that can access that information is the owner of the world ID — the user.

☆ Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Apple — The technology stock fell more than 2% following analyst reports that early shipping data may signal softer demand for iPhone 16 Pro models. Intel — The semiconductor stock rose 1.3% before on the bell. Micron Technology — The semiconductor stock slid 2.8% after Morgan Stanley cut its price target by a whopping $40 to $100. ASE Technology — The semiconductor packager added 1.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Zillow — The real estate stock rose more than 2% after an upgrade to outperform from neutral from Wedbush.

Persons: Donald Trump, Bausch, Morgan Stanley, Morgan Stanley's, Wells, Ally, downgrades, Zillow, —, Jesse Pound, Sarah Min, Sean Conlon, Samantha Subin Organizations: Trump Media & Technology, Republican, Holdings, Apple, Financial Times, Alcoa, Intel, Bloomberg, Micron Technology, Technology, Colgate, Palmolive, Bank of America, Zillow Locations: California, Wells Fargo

Some sections are backward-looking and focus more on touting the record of the Biden-Harris administration, while also criticizing Trump’s agenda. The health care section of Harris’ agenda focuses more on what the Biden-Harris administration has done than plans for the future. The Harris agenda vows to “fight to raise the minimum wage,” but doesn’t say how high she wants it to be. The Harris campaign would not say whether she supports doing away with the 60-vote rule to pass those measures. The bulk of Harris’ agenda would be subject to congressional approval, likely requiring Democrats to control the House and Senate to have a strong chance of passage.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, ”, “, Sydney Smith, Republicans scoff, ” Sen, John Cornyn, Harris hasn’t, “ I’m, Biden, Republicans tanked, Trump, Karoline Leavitt, “ They’ve, Ron Wyden, “ We’re, ” Harris, Hasan Pyarali Organizations: WASHINGTON, Biden, Republican, New York Times, Trump, Wake Forest University, Republicans, GOP, NBC News, Security, Social Security, Medicare, Senate, Border Patrol, The Society, Technology, ”, CNN, ABC, Democratic Locations: North Carolina, Texas, America

☆ Hybrid work boosts satisfaction and productivity and is here to stay, PwC says
▼ + stars: | 2024-09-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Read previewPwC says workers won't return to the office five days a week — and it's time for companies to see hybrid work as the new normal. "Hybrid workers have higher degrees of satisfaction and productivity than fully on-site," Anthony Abbatiello, workforce transformation leader and partner at PwC, told Business Insider. PwC's research found that hybrid workers are likelier to feel they belong at their company than fully on-site or remote workers. We came out with five signals that the research identified that are crucial for workforce transformation," Abbatiello said. AdvertisementAccording to Abbatiello, companies should be both "talent magnets" that attract emerging talent and "talent factories" that help existing workers stay and build careers.

Persons: —, Anthony Abbatiello, Abbatiello, Goldman Sachs, PwC, they're Organizations: Service, Business, Companies, Big Tech

☆ Stocks making the biggest moves midday: GameStop, Viking Therapeutics, Trump Media and more
▼ + stars: | 2024-09-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Trump Media & Technology — The stock fell more than 13% following Tuesday's debate between majority shareholder former President Donald Trump and Democratic Vice President Kamala Harris. Novartis — U.S.-listed shares of the Swiss pharma company slipped nearly 2% on the heels of Bank of America's downgrade to hold from buy. Crypto stocks — Crypto stocks were dragged downward after the price of bitcoin fell slightly overnight, as crypto traders considered central bank policy in Japan . Morgan Stanley — The bank stock lost 1% following a downgrade at Goldman Sachs to neutral from buy. Solar stocks — Solar stocks rose as a group after Vice President Kamala Harris's performance at Tuesday's debate raised confidence in a Democratic victory at the U.S. presidential election.

Persons: Donald Trump, Kamala Harris, Rentokil, it's, bitcoin, Morgan Stanley, Goldman Sachs, Goldman, Morgan, Warren Buffett's Berkshire Hathaway, Kamala Harris's, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Yun Li, Sarah Min, Samantha Subin Organizations: Trump Media & Technology, Democratic, Trump Media, Nasdaq, GameStop, Novartis — U.S, Swiss pharma, of, Therapeutics, JPMorgan, Viking Therapeutics, Goldman, Bank of America, U.S, Clean Energy, SolarEdge Technology, Sunnova Energy Locations: North America, Japan

☆ Here's why the next move in Apple stock should not be judged solely on Monday's iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The reviews on Wall Street are mixed concerning Monday's iPhone launch event. Apple Intelligence represents a paradigm shift for the company and the iPhone 16 is the ticket into this new generation. That's what will in turn drive demand, both in terms of Apple rolling out Apple Intelligence and developers taking advantage of the new hardware capabilities. The iPhone 16 and the Pro models will be equipped with versions of the new A18 chips. However,even those phones weren't built from the ground up in the way the iPhone 16 is to harness the full power of Apple's AI features.

Persons: Jim Cramer, Bernstein, Jim, Apple, Siri, Ray, Jim Cramer's, Andrej Sokolow Organizations: Apple, Citi, JPMorgan, Apple Intelligence, Nvidia, Microsoft, CNBC, Getty Locations: USA, Cupertino

☆ Uber takes stake in SoftBank-backed self-driving tech startup Wayve
▼ + stars: | 2024-08-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology. As part of the deal, Uber is also investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. He said that, together with Uber, Wayve is "excited to work with Automotive OEMs [original equipment makers] to bring autonomous driving technologies to consumers sooner." In the future, Uber intends to launch self-driving vehicles on its app equipped with Wayve's tech, the companies said. Uber has also offered rides in vehicles operated by Waymo, the Google self-driving spinoff, as part of a commercial tie-up.

Persons: Uber, Alex Kendall, Wayve's, Dara Khosrowshahi, Khosrowshahi, Cruise, Waymo Organizations: Uber, Nvidia, Microsoft, Automotive, SAE International, Aurora Technologies, General Motors, Waymo, Google, Lyft Locations: British, ., Aurora

Others say they’ve also stepped in as translators for their parents during their childhood — and that these duties continue into adulthood. Monica Mikael is glad her parents are using ChatGPT, but she does have some concerns. When ChatGPT was released in November 2022, Mikael jumped at the opportunity to teach her parents how to use it. “After a month or so, they were using it entirely on their own.”Now, Mikael’s parents barely ask her for help. “And then I realized she and all my Indian aunties are using ChatGPT,” Verma said.

Persons: Michelle Fang, “, ”, Fang, he’s, they’ve, Monica Mikael, Monica Mikael ., Monica Mikael Mikael, Mikael’s, ChatGPT, Mikael, it’s, ” Sheeta Verma, Sheeta Verma, aren’t, ” Verma, there’s, It’s, ” Fang, Verma Organizations: Pew Research Center, NBC Asian Locations: New Jersey, San Francisco, Los Angeles, East, Southeast, NBC Asian America

☆ AI is unlocking new uses for military drones, boosting demand for these companies
▼ + stars: | 2024-08-18 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.

Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France

☆ China's Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions
▼ + stars: | 2024-08-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

Chinese technology giant Huawei is set to challenge Nvidia with a new artificial intelligence chip amid U.S. sanctions that had sought to curb the Chinese tech giant's technological progress, according to a Wall Street Journal report. U.S. regulators in 2022 had slapped restrictions on Nvidia to stop the firm from selling AI chips, including the H100, in China, citing national security concerns. Huawei has been at the center of U.S. sanctions aimed at securing U.S. networks and supply chains. Huawei was then placed on a U.S. trade blacklist in 2019, which banned U.S. firms from selling technology — including 5G chips — to the Chinese tech giant. In 2020, the U.S. tightened chip restrictions on Huawei, requiring foreign manufacturers using American chipmaking equipment to obtain a license to sell semiconductors to Huawei.

Organizations: Huawei, IFA, Nvidia, Wall, Nvidia's, Baidu, China Mobile, Apple, U.S, Intel, Qualcomm Locations: BERLIN, GERMANY, U.S, China

☆ Stocks making the biggest moves midday: JetBlue, Hawaiian Electric, KeyCorp, Monday.com and more
▼ + stars: | 2024-08-12 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.74 per share, in the second quarter, including charges for goodwill impairment. KeyCorp — The Cleveland-based regional bank surged 13% after The Bank of Nova Scotia agreed to take a minority position, making KeyCorp the top performer in the S & P 500 on Monday. Monday.com — Shares surged about 12%, hitting a new 52-week high, after the Israel-based software company posted better-than-expected second-quarter results. Par Technology — The restaurant technology stock added 1.8% following a Jefferies upgrade to buy from hold.

Persons: —, KeyCorp, Monday.com, FactSet, Jeff Smith, Wolfe, Piper Sandler, Robinhood, Alex Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox Organizations: JetBlue —, Hawaiian Electric Industries, Maui, Electric, Bank of Nova, Scotiabank, Street Journal, Starbucks, Qualcomm, Wolfe Research, Apple, Technology —, Jefferies Locations: — The Cleveland, Bank of Nova Scotia, Israel, Par

☆ JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
▼ + stars: | 2024-08-09 | by ( Hugh Son | ) www.nbcnews.com time to read: +7 min

Rather than developing its own AI models, JPMorgan designed LLM Suite to be a portal that allows users to tap external large language models — the complex programs underpinning generative AI tools — and launched it with ChatGPT maker OpenAI’s LLM, said the people. ChatGPT banThe bank is giving employees what is essentially OpenAI’s ChatGPT in a JPMorgan-approved wrapper more than a year after it restricted employees from using ChatGPT. The number of uses for generative AI are “exponentially bigger” than previous technology because of how flexible LLMs are, Heitsenrether said. Ultimately, the generative AI field may develop into “five or six big foundational models” that dominate the market, she said. Heitsenrether charted out three stages for the evolution of generative AI at JPMorgan.

Persons: ” Teresa Heitsenrether, “, ChatGPT, Morgan Stanley, Jamie Dimon, Dimon, JPMorgan didn’t, Heitsenrether, ”, “ We’ve, ” Heitsenrether, it’s, — CNBC’s Leslie Picker Organizations: JPMorgan Chase, CNBC, JPMorgan, Apple, Accenture, Citigroup Locations: U.S

☆ With Smugglers and Front Companies, China Is Skirting American A.I. Bans
▼ + stars: | 2024-08-04 | by ( Ana Swanson | Claire Fu | ) www.nytimes.com time to read: +1 min

In the southern Chinese city of Shenzhen, a mazelike market stretches for a half-mile, packed with stalls selling every type of electronic imaginable. One vendor said he could order the chips for delivery in two weeks. Another said companies came to the market ordering 200 or 300 chips from him at a time. The United States, with some success, has tried to control the export of these chips. technology — part of a global effort to help China circumvent U.S. restrictions amid the countries’ growing military rivalry.

Organizations: Nvidia, U.S ., New York Times Locations: Shenzhen, United States, U.S, Hong Kong, China

☆ Stocks making the biggest moves premarket: Exxon Mobil, Intel, Apple, Snap, Amazon and more
▼ + stars: | 2024-08-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Exxon Mobil — The energy giant reported a stronger-than-expected profit for the second quarter amid record production in Guyana and the Permian Basin. Intel — Shares plunged 20% on the back of weaker-than-expected earnings and revenue for the second quarter. The company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter. The company posted second quarter adjusted earnings of 87 cents per share on revenue of $1.08 billion. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, according to LSEG.

Persons: FactSet, Cloudflare, DoorDash, Clorox, LSEG, GoDaddy, Sarah Min, Samantha Subin, Lisa Han, Michelle Fox Organizations: Exxon Mobil, Intel —, Revenue, Apple —, Apple, Twilio, Booking Holdings, Coterra Energy, LSEG . Revenue, Management Locations: Guyana

☆ Stocks making the biggest moves midday: Chevron, Apple, Clorox, Amazon and more
▼ + stars: | 2024-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Chevron reported adjusted earnings $2.55 per share on revenue of $51.18 billion. DoorDash reported revenue of $2.63 billion, against a forecast from analysts polled by LSEG of $2.54 billion. Clorox now expects full-year adjusted earnings between $6.55 and $6.80 per share, while analysts surveyed by LSEG expected $6.45 per share. Coterra reported adjusted earnings of 37 cents per share, while analysts surveyed by FactSet were looking for 39 cents a share. Adjusted earnings in the fiscal first quarter topped analysts' estimates, while revenue came in line with forecasts.

Persons: LSEG, Clorox, FactSet, CNBC's Hakyung Kim, Sarah Min, Yun Li Organizations: Chevron — Stock, Chevron, Intel, Amazon, Apple, Wall, LSEG, Coterra Energy, Management Locations: Snapchat, LSEG

☆ A major change is coming to Taco Bell drive-thrus
▼ + stars: | 2024-07-31 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

Taco Bell is set to expand the use of artificial intelligence voice technology in its drive-thrus to hundreds of US locations by the end of this year, parent company Yum! The move means that when users pull up to place their order at a Taco Bell, there’s a good chance they will be talking to a computer, rather than a human employee, on the other end. McDonald’s said last month it was pulling the plug on the AI ordering technology that it was testing at more than 100 US drive-thrus, after customers complained about the system getting their orders wrong. Brands, told CNN he’s confident that his company’s technology — which is already in use at 100 Taco Bell locations across 13 states — won’t have the same issues. Kim also denied that AI ordering technology would replace human jobs, a growing concern around all manner of new AI tools.

Persons: Taco Bell, there’s, McDonald’s, Lawrence Kim, — won’t, we’ve, ” Kim, it’s, Kim, Yum, Kay, quesadilla ”, kay, “ kay, ” Organizations: New, New York CNN, Brands, Taco Bell, ! Brands, CNN, KFC Locations: New York, Taco, Pizza

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

☆ Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and more
▼ + stars: | 2024-07-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts' expectations . The Phoenix-based grocery chain also raised its full-year earnings guidance, forecasting revenue rising between 9% and 10%, compared to analysts' 8.2% consensus growth estimate. Revenue of $695 million was higher than the $686 million analysts has estimated. Lattice Semiconductor — Shares pulled back 8.5% after second-quarter earnings and current-quarter revenue guidance came in below expectations. Howmet Aerospace — The aerospace manufacturer rallied 14% after second-quarter earnings and revenue beat Wall Street estimates.

Persons: Varonis, Woodward, FactSet, LSEG, Howmet, Corning, Gamble —, Stanley Black, Decker, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: JetBlue —, New, Revenue, Systems, FactSet, Inc, —, Technology, Semiconductor, Bank of America, CNBC, Delta Air Lines, Microsoft, Merck, Howmet Aerospace, Wall, PayPal, LSEG, Procter, Technologies Locations: New York City, LSEG, New Jersey, Cincinnati, Connecticut

☆ Stocks making the biggest moves premarket: CrowdStrike, Merck, PayPal, JetBlue and more
▼ + stars: | 2024-07-30 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Revenue of $695 million was also higher than the $686 million expected. Adjusted earnings of 5 cents per share topped the loss of 2 cents per share forecasted by analysts polled by FactSet. Additionally, Howmet increased its quarterly dividend to 8 cents per share from 5 cents per share, to be payable Aug. 26. JetBlue — Shares jumped 4% after the airline said adjusted earnings per share was 8 cents for the second quarter. Analysts expected a profit of $2.80 per share on revenue of $1.18 billion, according to StreetAccount.

Persons: Woodward, FactSet, LSEG, Archer, Gamble —, Leidos, StreetAccount, — CNBC's Michelle Fox, Hakyung Kim, Lisa Kailai Han, Alex Harring, Jesse Pound, Fred Imbert, John Melloy Organizations: CNBC, Delta Airlines, Microsoft, FactSet, Inc, —, Technology, Merck —, pharma, Semiconductor, Bank of America, Pfizer —, Pfizer, Varonis Systems, Howmet Aerospace, Corning, LSEG, Daniels, Midland, JetBlue —, Revenue, PayPal —, PayPal, Procter, Gamble, U.S . Pentagon Locations: FactSet .

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