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☆ Even in bankruptcy, Rudy Giuliani keeps his financial picture hidden. Now he might lose control of it.
▼ + stars: | 2024-06-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.

Persons: —, Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona

We've compiled everything you need to know about how to watch the Indiana Fever vs. Chicago Sky from home, including both cable and live streaming options. The league announced that last weekend's Indiana Fever vs. Chicago Sky game was the most-watched WNBA game on any network in 23 years, peaking at nearly 3 million viewers. How to watch Indiana Fever vs. Chicago Sky in the USThe Indiana Fever vs. Chicago Sky game will air on ESPN on Sunday at 4 p.m. If you don't have cable, you can explore a live TV streaming package that carries the channel. Check price at FuboHow to watch Indiana Fever vs. Chicago Sky from anywhereIf you'll be traveling outside of the US during the game, you'll have trouble accessing your usual apps and subscriptions.

Persons: Caitlin Clark, Angel, We've, Clark, Reese, you'll, ExpressVPN Organizations: Business, WNBA, Indiana Fever, Chicago Sky, Fever, Iowa, LSU, Clark, Eastern Conference, Indiana, ESPN, Sunday, Sling, ESPN2, ESPN3, Fubo Locations: Clark and Iowa

☆ The Costs of Caring for Pets
▼ + stars: | 2024-06-23 | by ( Katie Thomas | ) www.nytimes.com time to read: +1 min

Pets these days are just like us. Their health care is becoming more human, too — for better and for worse. Decades ago, animal care was relatively rudimentary. Veterinarians usually owned their own clinics, and the options to treat a sick or injured pet were limited. For pets and the people who love them, the advances are welcome.

☆ I made $22,500 and $30,000 being a surrogate twice. I had easy pregnancies and loved helping others start a family.
▼ + stars: | 2024-06-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

AdvertisementLike her friend, Wilkinson had also had easy pregnancies with her two children. For her first surrogacy journey, she got matched with a single dad. As for the intended parents, they can pay anywhere from around $200,000 or more to have a child via surrogacy. "I've heard of intended parents that are taking out second mortgages on their house or just going through different avenues to afford surrogacy," she said. Were you an intended parent in a concurrent surrogacy journey?

Persons: —, Heather Wilkinson, Wilkinson, she'd, surrogates, I've Organizations: Service, Business, Global Locations: Indiana, Australia, what's

☆ Opinion | The Biden and Trump Weaknesses That Don’t Get Enough Attention
▼ + stars: | 2024-06-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

Donald Trump and Joe Biden come into Thursday’s presidential debate as incredibly well-known quantities defined by shared unpopularity and competing weaknesses. But their most important liabilities — for the incumbent, his decrepitude and his record on inflation; for the challenger, an unfitness distilled and confirmed by the events of Jan. 6 — feel too well known to be worth discussing further until we see what happens on the stage. Maybe Biden’s entire campaign will implode when he answers a question about inflation with a Grandpa Simpson ramble about the price of a frozen custard on Rehoboth Beach in 1968. Maybe Trump will turn into Colonel Jessep under Jake Tapper’s questioning and claim full responsibility for the 2021 riot at the Capitol. But before the two men meet with those or other destinies, it’s worth giving some space to their crucial secondary weaknesses, the places where each candidate’s support might be undermined among those “double-hater” voters who regard each candidate’s primary liabilities as canceling the other’s out.

Persons: Donald Trump, Joe Biden, Grandpa Simpson ramble, Trump, Jessep, Jake Tapper’s Locations: Rehoboth Beach

☆ UBS says AI may be one of the 'largest investment opportunities in human history.' Here's the bank's 4-step approach for investing in the technology.
▼ + stars: | 2024-06-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Big Tech companies are pouring billions of dollars into building data centers to train it. The AI Value ChainAccording to UBS, investors should approach the overall AI industry as three interconnected layers: enabling, intelligence, and application. By understanding the major players in the AI space and investing in the most critical parts of the AI value chain, according to UBS. The bank predicts that the AI landscape will be marked by "vertically integrated" and "monolithic" firms with the scale to reach across the AI value chain. However, its stock hasn't seen the price appreciation that domestic tech companies have, suggesting that there's ample room for valuations to expand.

Persons: Ulrike Hoffmann, UBS's Organizations: Service, Apple, Big Tech, UBS, Business, Nvidia, Dell, Broadcom Locations: China

☆ Cristiano Ronaldo: The performance, the pitch invaders and a moment of Portuguese purity
▼ + stars: | 2024-06-22 | by ( James Horncastle | ) www.nytimes.com time to read: +6 min

“Can I ask you something?” he said when invited to justify Cristiano Ronaldo’s continued selection in Portugal’s starting XI. If Ronaldo doesn’t score, what else does he bring to the team apart from the histrionic gesturing of a frustrated traffic warden? “Do you know how many minutes Ronaldo played last season?” Martinez knowingly queried. Cristiano Ronaldo and Joao Cancelo were all smiles moments after the captain had been furious with his team-mate (Friso Gentsch/Picture Alliance via Getty Images)Pitch invaders marked Ronaldo closer than Turkey’s ragged centre-backs. “You can understand it was a difficult moment — if those intentions are wrong, the players are exposed and in danger.

Persons: Roberto Martinez, ”, Cristiano Ronaldo’s, Ronaldo doesn’t, He’s, Arda Guler, Ronaldo, ” Martinez, Cristiano, “, Fernando Santos, Goncalo Ramos, Conceicao’s, didn’t, Nuno Mendes, Bernardo Silva’s, Orkun, Joao Cancelo, Cristiano Ronaldo, Friso, Bernardo, Ruben Neves, Bruno Fernandes, Fernandes, Martinez, Fernandes ’, Will, Ramos, Germain, it’s, You’re, he’ll, Etsuo Hara Organizations: Saudi Pro League, Turkey’s, Georgia, Turkey, Portugal, Getty, Altay Bayindir, North, Portugal’s, Ronaldo, Paris Saint, selfies Locations: Portugal’s, Czech Republic, Leipzig, Portugal, Dortmund, Germany, Switzerland, Qatar, North Macedonia, Hamburg, Paris

☆ Comeback candidates for 2024's second half include Starbucks and Nike — Here are the rest
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

However, shares of heavyweight companies including Nike and Starbucks have not fared as well this year. The sneaker manufacturer has slipped about 12% in 2024, while Starbucks has pulled back more than 16%. Starbucks The coffee chain posted sluggish fiscal second-quarter results in late April, noting a stark decline in same-store sales. SBUX YTD mountain Starbucks stock. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Christine Cho, Morgan Stanley, Alex Straton, skews, Straton, Raymond James, RJ Milligan, amortization, Milligan Organizations: Nvidia, Nike, Starbucks, CNBC Pro, CNBC, Stock, Caesars Entertainment, Caesars Locations: SBUX, FY3Q24E, China

☆ This fertility clinic is trying to democratize IVF, just as some groups are condemning it
▼ + stars: | 2024-06-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —Since February, when Alabama’s Supreme Court declared frozen embryos are legally considered children, fertility clinics around the country have been weighing the implications of a political movement that’s suddenly turned hostile toward IVF. It could also threaten growth in the booming IVF market, which last year brought in an estimated $8 billion in revenue. IVF also took center stage last week at the Southern Baptist Convention, where church leaders effectively condemned the practice. I have never seen any religious or government guardrail ever stop fertility patients. I’m a former fertility patient, and no one was going to tell me no — I was going to do whatever it took to have the family I always dreamed about.

Persons: that’s, Nightcap, Gina Bartasi, It’s, I’m, Kindbody, Gina Bartasi Kindbody, —, who’s Organizations: New, New York CNN, Alabama, Southern Baptist Convention, Progyny, Southern Baptists, United, Aetna, Blues, Bloomberg Locations: New York, America, Alabama, Cigna, Manhattan

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ A retired boomer who moved from the US to Costa Rica said it's 'horribly incorrect' to assume life in Central America is much cheaper
▼ + stars: | 2024-06-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Keenan said he's loved the peace and nature of Costa Rica after spending most of his life in Albuquerque. During his time with the insurance company, he attended a retreat in Playa Zancudo, located in the south of Costa Rica. After these visits, he knew he wanted to retire in Costa Rica to live an "easygoing" life far from the US. AdvertisementCosta Rica is more expensive than he thoughtKeenan said that when he first moved to Costa Rica, prices were cheaper than in the US but not by too much. AdvertisementHe never bought a house, as he said the process can take years in Costa Rica.

Persons: Gary Keenan, Little, Keenan, he's, it's, Costa Rica Keenan, José, hasn't, Kelley Organizations: Service, Business, Google, Costa Locations: New Mexico, Costa Rica, Albuquerque, America, Costa, Playa Zancudo, Playa Grande, Guanacaste, Europe, France, José, San Pedro, capital's, Santa Ana, San José, Costa Rican, Panama, Argentina, expats

☆ Trump Media shares are in free fall
▼ + stars: | 2024-06-21 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Truth Social owner Trump Media & Technology Group has gone ice-cold. The weeks-long selloff accelerated in recent days as Trump Media announced it received approval from regulators for a move that threatens to water down the holdings of shareholders. The problem is that even after the recent selloff, Trump Media is still valued in the billions of dollars, and yet it generates very little revenue. Not only that, but Truth Social remains a tiny player in social media, dwarfed by Elon Musk’s X (formerly Twitter), Reddit and even Instagram’s Threads. “Today marks another milestone for Truth Social,” Trump Media CEO Devin Nunes said in a statement on Tuesday.

Persons: Donald Trump, ”, Jay Ritter, Elon Musk’s, Matthew Kennedy, that’s, Kennedy, Devin Nunes, Ritter, Trump Organizations: New, New York CNN, Truth, Trump Media & Technology Group, Trump, Trump Media, University of Florida, Renaissance, GameStop, AMC, Securities and Exchange Commission, ” Trump Media Locations: New York

☆ S&P 500 levels to watch if troubling chart patterns in Nvidia and other tech mean a sell-off is near
▼ + stars: | 2024-06-21 | by ( David Keller | ) www.cnbc.com time to read: +5 min

Some concerning candle patterns for leading technology names have caused me to focus on potential downside targets for the S & P 500 . To be clear, this is a short-term pattern, and is really just intended to inform our thinking for the next couple trading sessions. The most important level to watch is S & P 5,200, which would represent about a 5% pullback from the recent market peak. A move below S & P 5200 would cause me to revisit long positions and start to raise cash due to an elevated risk of a correction. If and when the S & P pushes below 4950, I would be positioned way more defensively, waiting for some signs of accumulation to emerge.

Persons: I've, David Keller Organizations: Nvidia Corp, Semiconductor, Nvidia, Micron Technology, CMT, CNBC, NBC UNIVERSAL

☆ S&P 500 to break above 5,700 in the second half of 2024, Ned Davis Research says
▼ + stars: | 2024-06-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Historical post-election market gains could lead the S & P 500 even higher by the end of the year, according to Ned Davis Research. Ed Clissold, chief U.S. strategist raised his year-end S & P 500 target to 5,725 from 4,900 . Although Ned Davis Research isn't included in CNBC Pro's Market Strategist Survey , when comparing the price targets across various Wall Street names, the firm has the second-highest forecast for the broad market index. The S & P 500's 14.5% year-to-date gains have largely come from high-flying technology names such as Nvidia and Meta Platforms. The S & P 500's equal-weighted version, however, is up just 4% in 2024.

Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, CNBC Pro's, Survey, Federal Reserve, White, Nvidia, Meta Locations: U.S

☆ For the Price of a Police Helicopter, New York Could Save the Arts
▼ + stars: | 2024-06-21 | by ( Ginia Bellafante | ) www.nytimes.com time to read: +2 min

The multiplier effect of culture in New York is huge both in economic and human terms. But arts funding does not consistently rise to meet it. From one vantage, the city’s cultural funding can look robust. Over the past decade, the money allocated to the Department of Cultural Affairs has increased considerably, as City Hall officials will point out. And at any rate, between 2023 and 2024, the overall budget decreased by $7 million to $241 million, as the migrant crisis required cuts across municipal divisions.

Persons: Mark Morris’s, Burt Bacharach, Shakespeare, Kathleen Chalfant Organizations: Broadway, Brooklyn Academy of Music, Department of Cultural Affairs, City Locations: New York, America, Forest Hills, Queens

☆ Pennsylvania Sen. Casey warns Amazon, Target and Walmart over 'greedflation' pricing
▼ + stars: | 2024-06-21 | by ( Rob Wile | ) www.cnbc.com time to read: +4 min

Meanwhile, an average Pennsylvania family has paid almost $7,000 more "toward greedflation," Casey says. "Americans deserve to pay fair prices, and corporations must be held accountable for taking advantage of working families," he writes. NBC News has reached out to Amazon, Target and Walmart for comment. "Price increases that consumers have been confronted with have not been inflationary increases but, instead, greedflation-related increases," he writes. Amazon, Target and Walmart have each recently announced moves to lower prices for certain goods or release new value-based products.

Persons: Pennsylvania Sen, Bob Casey, Casey, Walmart's, Someone's, they're, Olivier Blanchard, Blanchard, Price, —, they've Organizations: Target, Walmart, NBC News, Amazon, NBC, Financial Times, Massachusetts Institute of Technology Locations: Pennsylvania, United States

☆ I've been flying ultra-low-cost airlines for years and have never been charged extra — these are my 4 tips for avoiding fees
▼ + stars: | 2024-06-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

AdvertisementMy backpack fits perfectly inside the personal item size checker on both Frontier and Spirit. Further, the carry-on bag restrictions vary slightly at 24 x 16 x 10 inches and 22 x 18 x 10 inches, respectively. These rules are found on the airline's websites, and the same goes for other global ULCCs like Ryanair and Allegiant Air. AdvertisementDo the math before you book a ULCCI only pay for an extra bag or a seat when absolutely necessary on a ULCC. Once you add the cheapest seat for $39 each way and a carry-on bag for $69 each way, the total price is $413.

Persons: —, Taylor Rains, I've, Joey, Hannah Towey Organizations: Service, Business, Frontier Airlines, Spirit Airlines, Frontier, Ryanair, Allegiant Air, Priceline, United, Delta, Google, Las, Spirit Locations: New York City, Orlando, Denver, Seattle, Delta, Las Vegas, Chicago, Buffalo

☆ Does off-season travel exist anymore?
▼ + stars: | 2024-06-20 | by ( Lilit Marcus | ) edition.cnn.com time to read: +8 min

Then, you can plot a graph to see which months are higher and lower than that total to determine when the peak season is. “In Thailand, low season typically spans from April to September with April and May being really hot,” says Ponti. “During this low season the tourist volumes each month constitute more than 7% of the annual total. Angelos Tzortzinis/dpa/picture alliance/Getty ImagesArguably the biggest single factor affecting what we know as “peak season” travel is weather. “For me, the challenge is about finding the joy in those low seasons, finding those nuggets of gold.”

Persons: ”, Olivier Ponti, Ponti, Angelos Tzortzinis, Ged Brown, Mikey Sadowski, there’s, we’re, Sadowski, David Silverman, it’s, ForwardKeys ’ Ponti, Ann Woodward, “, Woodward, –, I’ve, ’, Brown, haven’t, ” Brown Organizations: CNN, United Nations, European Travel Commission, Intrepid, Travelers Locations: Italy, Hong Kong, Amsterdam, Japan, Canary, Spain, Thailand, Hawaii, Maldives, “, ”, Athens, Greece, Europe, Denmark, Sweden, Nepal, Mexico, New York

☆ How to keep participating in a stock's rally if you're getting concerned about valuation
▼ + stars: | 2024-06-20 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

ARM Holdings (ARM) offers several technologies instrumental in AI applications, notably its advanced processor designs and intellectual property. Operationally ARM Holdings is very well positioned. In this case, ARM Holdings is currently valued at about $174 billion, more than 56 times trailing 12 months revenues, and recent price action in particular looks extended. This would provide about $27 worth of upside from here, while providing $40 worth of downside insurance in the event that ARM Holdings pulls back. For example the $140/$175/$200 call spread risk reversal here incurs the risk of owning the stock at $140/share.

Persons: isn't Organizations: ARM Holdings, ARM

☆ Americans could be on a tight budget this summer
▼ + stars: | 2024-06-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Americans tend to shell out in the summer as they venture outdoors, book trips and step away from their desks. Consumers plan to spend less on away-from-home entertainment and vacations this summer, according to the 2024 KPMG Consumer Pulse Survey released Tuesday. That’s a contrast to last year when Americans shelled out on the “Barbenheimer” phenomenon, Taylor Swift and Beyoncé concert tickets and getaways. Retailers that offer Americans more bang for their buck including Ross Stores, TJ Maxx and HomeGoods-parent TJX, Dollar General and Walmart have benefitted. Americans are also feeling worse about the economy as they struggle with elevated inflation and high borrowing rates.

Persons: Taylor Swift, It’s, ”, Duleep Rodrigo, TJ Maxx, Mark Thompson, Henley, ” Hannah White, —, OpenAI’s Organizations: CNN Business, Bell, New York CNN, Pulse Survey, Commerce Department, Federal Reserve, Retailers, Ross Stores, Walmart, Abercrombie, Fitch, Williams, University, Michigan’s, Millionaires, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, Nvidia, Microsoft, Apple Locations: New York, Sonoma, Britain, United Kingdom, City of London

☆ Vitamix recalls almost 570,000 blender parts
▼ + stars: | 2024-06-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

After dozens of reports of lacerations from exposed blades, Vitamix announced a recall of about 569,000 blending containers and blade bases for its high-powered blenders. All affected customers should immediately stop using the recalled parts, the company said, and contact Vitamix for a repair kit. Vitamix instructed customers who repaired their blenders in the 2018 recall to stop using those blender parts as well. The recall affects all Ascent and Venturist Series 8-ounce blending containers, 20-ounce blending containers, and blade bases. Ascent blenders can retail for up to $749.95 and the Venturist V1200 can retail for up to $549.95 on the Vitamix website.

Persons: Vitamix, Williams Organizations: New, New York CNN, CNN, Consumer Product Safety, Costco, Walmart, QVC Locations: New York, Target, Williams Sonoma

☆ Thursday, June 20, 2024: Why the Club is holding this industrial stock after its aerospace acquisition
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Thursday, June 20, 2024: Why the Club is holding this industrial stock after its aerospace acquisitionJeff discusses the positive run for this semiconductor stock. He also talks about this industrial stock's acquisition. Finally, he discusses the price target increases for this mega cap tech stock.

Persons: Jeff

☆ SpaceX unveils backpack-sized 'Starlink Mini' satellite internet antenna for $599
▼ + stars: | 2024-06-20 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The company is offering a "limited number" of the Starlink Mini antennas for $599 each in an early access release. SpaceX is rolling out a compact version of its Starlink antennas called "Mini," which the company is advertising as a mobile option for its satellite internet customers. The Starlink Mini antenna is about the size and weight of a laptop, at just over 2 pounds and measuring at about 12 inches by 10 inches by 1.5 inches. The email did not specify when Starlink Mini deliveries would begin. SpaceX CEO Elon Musk wrote in a post Monday that setting up a Starlink Mini took less than 5 minutes.

Persons: Mini, Michael Nicolls, Elon Musk, Musk Organizations: SpaceX, CNBC, Starlink Locations: United States

☆ Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial
▼ + stars: | 2024-06-20 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +3 min

Gilead 's experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday. The results bring Gilead one step closer to introducing a new form of pre-exposure prophylaxis, or PrEP, and broadening its HIV business. If those results are positive, the company could bring lenacapavir for PrEP to market as soon as late 2025. RBC Capital Markets analyst Brian Abrahams expects Gilead's shot will significantly increase the number of people interested in preventive HIV medicine. In its statement disclosing the lenacapavir trial results Thursday, Gilead said it plans to share an update on how it plans to address access in such countries where people suffer high incidence rates of HIV.

Persons: Gilead, Jared Baeten, Gilead's Truvada, Bruce Richman, Tim Oliver, they'd, Brian Abrahams, Gilead's, — CNBC's Leanne Miller Organizations: Food and Drug Administration, PrEP, Centers for Disease Control, Prevention, Health, FDA, RBC Capital Locations: U.S, New York

☆ This is not the dot-com bubble and Nvidia's valuation is still 'compelling,' says Bank of America
▼ + stars: | 2024-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank of America warned against seeing Nvidia as a potential long-term pullback victim while cautioning that today's artificial intelligence boom is altogether different from the 1990s dot-com bubble. Nvidia briefly rallied 3.8% on Thursday, helping send the S & P 500 above 5,500 for the first time, only to later retreat as much as 3.8%. Additionally, Arya pointed to demand among cloud customers for Nvidia's new Blackwell AI accelerator systems. The analyst said on-premise enterprise and sovereign AI demand as well as software monetization is still in the "early stages." When all is said and done, Arya said that Nvidia's valuation is still "compelling."

Persons: Vivek Arya, Arya, Jensen Organizations: of America, Nvidia, Blackwell

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