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What Trump tariffs could mean for AI darling Nvidia
  + stars: | 2024-11-08 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Wall Street is questioning how potential tariffs on imports under a Trump administration could affect artificial intelligence darling Nvidia and the broader industry . Earlier this year, Trump accused Taiwan of stealing the chipmaking business from the U.S. and said he would impose tariffs as president. NVDA 5D mountain Shares over the last week If the administration implements tariffs, Ives believes Nvidia could gain some workaround given its integral status. That could come in the form of excluding some of its next AI chips and graphics processing units from the tariff wave expected in spring 2025. Many investors also view Trump as a proponent of AI innovation.
Persons: Trump, Kamala Harris, Joe Biden, Jensen Huang, Dan Ives, Ives, Hua Cheng, Elon Musk, Musk, Mizuho's Jordan Klein Organizations: U.S, Taiwan Semiconductor Manufacturing, NVIDIA, Nvidia, Wedbush Securities, Bank of, Blackwell Locations: Taiwan, U.S, Mirova
The 67th Grammys will take place on February 2 at the Crypto.com Arena in Los Angeles. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The nominees were announced on Friday and include Beyoncé, Chappell Roan, Charli XCX, Billie Eilish, and Sabrina Carpenter in major categories. Keep reading to see who's nominated in the major categories and check out the complete list of nominees here.
Persons: Beyoncé, , Chappell Roan, Charli XCX, Billie Eilish, Sabrina Carpenter, who's Organizations: Service, Beyoncé, CBS, Paramount Locations: Los Angeles
Kendall VanGilder turned her eBay side hustle into a full-time business in 2024. She's made several strategic purchases that have helped her grow her business, including LED lights. Kendall VanGilder, who started listing apparel on eBay in 2022, turned the side hustle into a full-time business in 2024. As for inventory, "you can go into your closet or other places throughout your house and list things, and as long as you're making money on what you're listing, then you can take that money and reinvest it." Worthwhile purchases for a reseller: LED lights and a thermal printerVanGilder says two business-related purchases have been completely worth the money: LED lights and a thermal printer.
Persons: Kendall VanGilder, She's, , I've, VanGilder, that's Organizations: eBay, Service, Salvation Army, Urban, The Salvation Army, USPS Locations: TikTok, Cheapskate
My top two picks include Rao's and Classico. Rao's was my favorite flavor but Classico was the best overall choice. In terms of flavor alone, Rao's was the best. But because of its thin consistency, it fell just shy of being the best on the list. With a silky texture and great flavor, the Classico sauce is my overall favorite.
Persons: Rao's, Paige Bennett, Alfredo Organizations: Kroger
U.S. government bond yields have surged too, puzzling many market participants. I am going to stick with the contrarian view and bet on rates continuing to move higher. I'll express that through a bearish bet on the iShares 20+ Year Treasury Bond ETF (TLT) which tracks bond prices. Various inputs have driven yields higher, creating the opposite outcome for the Fed as they continue to try to land the proverbial plane. Jeffrey Gundlach stated (post Fed meeting) that interest rates could shoot even higher if Republicans end up controlling the House too.
Persons: Donald Trump's, Jeffrey Gundlach, Jerome Powell, TLT Organizations: Federal Reserve, Treasury Bond ETF, Fed, Treasury, CNBC, NBC UNIVERSAL
France is going to send Ukraine Mirage fighter jets, the second Western jet type it will receive. The jets can carry Storm Shadow/SCALP missiles, and Ukraine's jets will reportedly have them. AdvertisementThe new Mirage fighter jets France promised to Ukraine will give it another combat platform able to launch the Western Storm Shadow missiles it has been using to frustrate Russia. AdvertisementIt is unclear how many Storm Shadow/SCALP missiles France may commit as part of the effort. It also not clear how many of the missiles Ukraine currently has.
Persons: , Sébastien Lecornuhas, Storm, Tim Robinson, Gordon, Skip, Davis, Volodymyr Zelenskyy, Vitalii, JUSTIN TALLIS Organizations: Ukraine Mirage, Service, Storm, Shadow, YouTube, Ukrainian Air Force, Dassault Aviation, La Tribune, Russia, UK's Royal Aeronautical Society, US Army, Getty, BBC, Tribune, Politico, Biden Locations: France, Ukraine, Russia, Kyiv
AdvertisementSome venture capitalists expect US President Donald Trump to dial back regulation, potentially making it easier to develop new technologies and do business in Silicon Valley. Related VideoWhile many in Silicon Valley dislike Trump, many VCs and startup founders crave more freedom to pursue riskier new technologies unburdened by regulation. E-acc," referring to the recent Silicon Valley movement that wants technological advancements in AI to move as fast as possible, without any guardrails. Regulation has held Silicon Valley back in recent yearsVCs during Biden's presidency have complained about how tough it's been to get deals done. AdvertisementVCs anticipate an innovation boomAmerica is a country of entrepreneurs, and that's especially true in Silicon Valley.
Persons: , Donald Trump, Elon, Ben Narasin, we've, Trump, Musk, cheekily, Vance, Augustus Doricko, Kamala Harris, Aaron Levie, Harris, Mark Pincus, Biden's, Louis Lehot, Foley, Lardner, Lina Khan —, it's, Biden, JD Vance, Khan, Mason Angel, who's, he's, Narasin, Ben Thompson, Rainmaker's Doricko, Angel Organizations: Service, Elon, Venture, White, Department of Government, Zynga, acc, Google, Microsoft, Nvidia, Federal Trade Commission, Department of Justice, Trump, Republican, Big Tech, FTC, SpaceX, Space Force Locations: Silicon Valley, Silicon
He said his signed Joe DiMaggio jersey was in a Long Island storage facility he had no access to. An employee reached by phone on Thursday told Business Insider the warehouse was a "patriotic venue," not a storage facility. A business on the same lot, Corporate Transfer, is advertised as a storage facility. Asked after court what the holdup with the storage facility might be, Giuliani told BI he didn't know. Giuliani was also ordered to continue working with the plaintiffs on getting access to the storage facility.
Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, Giuliani, Joe DiMaggio, , Joltin, Joe, Rudy Giuliani's, DiMaggio, Moss, Kenneth Caruso, Freeman's, Caruso, Judge Lewis Liman, Joe DiMaggio's, Freeman, he'd, Marjorie Taylor Greene, Chaya Raichik, Kellyanne Conway, Joseph Verderber Jr, didn't, Mercedes, Lauren Bacall, Aaron Nathan said, Donald Trump, Nathan, We've, he's, Guiliani, Trump's, Joe Biden Organizations: Service, Trump, Freeman, US, Giuliani, America, New, New York City, Mercedes Locations: New York, , New York, Rudy Giuliani's Manhattan, Georgia, Manhattan, Long, Ronkonkoma
Elon Musk reportedly joined Trump's calls with two world leaders, including Zelenskyy. Musk worked hard to elect Trump and is likely to have influence in the administration as a result. AdvertisementElon Musk joined President-elect Donald Trump's calls with both Ukrainian President Volodymyr Zelenskyy and Turkish President Recep Tayyip Erdogan this week, according to several reports. Axios reported that Musk told the Ukrainian leader that he would continue to support the besieged country via his Starlink satellites. Beyond supporting Trump's campaign financially, Musk joined the president-elect at rallies and held solo town halls.
Persons: Elon Musk, It's, Musk, Trump, , Donald Trump's, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Axios, Erdogan, Musk's, DOGE Organizations: Service, The New York Times, Trump, Zelenskyy, Mar, Reuters, of Government, Tesla, SpaceX, Tech Locations: Turkish, Silicon, Washington
Jefferies reiterates Nvidia and Marvell as buy The firm says the two chipmakers still have the most upside. Citi upgrades Bank of America to buy from neutral Citi says the bank could be a beneficiary of lighter regulation. Bank of America downgrades Rivian to neutral from buy Bank of America said it sees regulatory risk under a Trump administration. Bank of America upgrades Teledyne Technologies to buy from neutral The firm says it sees upside ahead for the industrial conglomerate. Goldman Sachs upgrades Wingstop to buy from neutral The firm says the wings restaurant has "best-in-class" growth.
Persons: William Blair, Warby Parker, Bernstein, Apple, Lowe's, Jefferies, Goldman Sachs, Sweetgreen, Goldman, outperformance, it's bullish, BNTX, Oppenheimer, Piper Sandler, Wells, Airbnb, Gross, Trump, TDY Organizations: Apple, Apple Intelligence, Nvidia, Marvell, Enterprise, JPMorgan, China EV, Catalyst, Holdings, Barclays downgrades, Body, Citi, U.S, Deutsche Bank, UBS, Molson Coors, OW, Bank of America, Trump Administration, " Bank of America, Teledyne Technologies Locations: AVGO, 4Q24, DPZ, UW
Star Leila George spoke to BI about filming two versions of the pivotal scene. Leila George in "Disclaimer." AdvertisementThe 'Disclaimer' ending's twist hinges on dual versions of one sex scene, both performed by Leila GeorgeLouis Partridge and Leila George in "Disclaimer." For George, it was important to know that any sex scenes she was doing were essential to the story and not gratuitous. Advertisement"Everyone is safe as long as you're following the moves that you've pre-planned," George said, likening coordinated sex scenes to fight scenes or dance scenes.
Persons: Alfonso Cuarón, Star Leila George, , Oscar, Cate Blanchett, Catherine Ravenscroft, she's, Stephen Brigstocke, Kevin Kline, Jonathan, Stephen's, Nancy, Catherine, Nicholas, Stephen, Rather, she'd, Leila George, we'd, Leila George Louis Partridge, George, Cuarón, Louis Partridge, Samantha Murray, Partridge, he'd, I've Organizations: Apple, Service Locations: Renée, Italy
During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok." Business Insider asked legal experts what Trump could do to rescue the app, if he chooses to. In June, the president-elect told the app's users he would "never ban TikTok." Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory."
Persons: Donald Trump, Trump, , it's, Joe Biden, hasn't, I'm, G.S, Hans, Matthew Schettenhelm, TikTok, Aram A, Barack Obama's, Bloomberg's Schettenhelm, Who's, Schettenhelm, TikTok Trump, Gavoor, Alan Rozenshtein, Cornell's Hans Organizations: Business, Service, Appeals, District of Columbia Circuit, DC Circuit, Trump, Congress, Cornell Law School, BI, Bloomberg Intelligence, Department, Foreign, Justice Department, George Washington University Law, Defense, Trump's, Apple, Google, University of Minnesota, Fast Company, TikTok Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I would own Domino's right here, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Domino's Pizza, Enterprise Products Partners, Arm Holdings, and more.
Persons: Jim Cramer Organizations: Enterprise Products Partners, Arm Holdings
His signed Joe DiMaggio jersey is in a Long Island storage facility he has no access to, he said. An employee reached by phone Thursday told Business Insider that the warehouse is a "patriotic venue," not a storage facility. A business located on the same lot, Corporate Transfer, is advertised as a storage facility. Joe DiMaggio's jersey is no longer on the wall of Rudy Giuliani's apartment, lawyers in his $148M defamation case say. Asked after court what the holdup with the storage facility might be, Giuliani told Business Insider he didn't know.
Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, Joe DiMaggio, , Joltin, Joe, Rudy Giuliani's, Giuliani, DiMaggio, Moss, Kenneth Caruso, Caruso, Judge Lewis Liman, It's, Joe DiMaggio's, Freeman, Marjorie Taylor Greene, Chaya Raichik, Kellyanne Conway, Joseph Verderber, didn't, Mercedes, Lauren Bacall, Aaron Nathan, Donald Trump, Nathan, We've, Shaye, He's, he's, Guiliani, Donald Trump's, Biden Organizations: Service, Freeman, US, Giuliani, The, Mercedes Locations: NY, , New York, Rudy Giuliani's Manhattan, Georgia, Manhattan, Long, Ronkonkoma, New York
A Texas man charged with manslaughter after hitting the mother of his 1-year-old child with his car will retain his parental rights, a judge has ruled. On Monday, a Randall County Judge ruled in a separate case that he can keep his parental rights over his 1-year-old child with Torres. However, on Monday, Judge James W. Anderson rejected the bid to terminate DeLao's parental rights, the outlets reported. “The judge refused to terminate his parental rights,” Quackenbush told NBC News. “There’s no intention on the part of the court system to take away his parental rights at all now or in the future.
Persons: Ulise DeLao, Brittany Torres, Torres, DeLao, Randall, Jesse Quackenbush, Jaqueline Sanchez, Torres ’, Judge James W, Anderson, , ” Quackenbush, , they’ve, Quackenbush, Potter Organizations: Canyon Police, ABC, NBC, NBC News, Marine Corps Locations: Texas, Canyon , Texas, Randall County, Randall County , Texas, Armstrong
Prosecutors have said in court filings that four aggravating factors exist in the case against Kohberger, who turns 30 later this month, making the crime more severe and the death penalty warranted. In another filing last month, Logsdon countered the state's claim that a "future dangerousness" aggravator exists in Kohberger's case. "Aggravators are intended for deciding which First Degree Murderers merit the death penalty. The death penalty in Idaho, while it remains on the books, had lapsed as its last execution was in 2012; the state, like many others, has had trouble procuring lethal injection drugs. But the state abandoned the execution after prison staff failed to establish an IV line, exposing the difficulties with administering the death penalty.
Persons: Bryan Kohberger's, Kohberger, Jay Logsdon, Logsdon, Brad Little, Thomas Creech, Creech, , Madison Mogen, Kaylee Goncalves, Xana Kernodle, Ethan Chapin Organizations: University of Idaho, Prosecutors, Republican Gov, Washington State University, Authorities Locations: Boise, Latah, Idaho, Pullman, Washington, Kohberger, Latah County
US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.
Persons: Stocks, Donald Trump, David Kelly, Wall, he's, , Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's
Matt Wurnig is the creator of the online series 50 Dates 50 States. Wurnig, 28, has been on a date in every state at least twice. He told BI his favorite date spots around the country include hot air ballooning in New Mexico. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Wurnig is the creator of the online series 50 Dates 50 States, which, yes, is exactly what it sounds like.
Persons: Matt Wurnig, , Wurnig, Melissa Hobley Organizations: Service, Pew Research Center, Bismarck Larks, YouTube Locations: New Mexico, Los Angeles , New York, Miami, Dallas, North Dakota, Montana
Upcoming Fed rate cut and holiday season may sustain market momentum, Tuchman predicts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Markets reacted strongly to former President Donald Trump's victory over Vice President Kamala Harris in Tuesday's election. He then realized that the strong trend could be held up by more than just election results.
Persons: Tuchman, , Peter Tuchman, who's, Donald Trump's, Kamala Harris, Dow Jones, you've, Tuchman didn't, that's, there's Organizations: Dow, Service, New York Stock Exchange, Markets, AMD, Nvidia Locations: Tuesday's, Santa Claus
Duolingo's Wednesday earnings call started with an AI chatbot demonstration. The chatbot, Lily, summarized the company's performance this quarter. The purple-haired chatbot, which sounded like a bored, sarcastic teenager, replaced CEO Luis von Ahn at the beginning of the video call. "Our new Duolingo Max feature video call lets learners chat with me," the chatbot said. AdvertisementWhile Lily was largely a gimmick for the earnings call, the impact of AI has been a persistent theme in earnings this year.
Persons: Lily, Duolingo, , Luis von Ahn, Von Ahn, OpenAI's, Piper Sandler's Arvind Ramnani, Gen, didn't Organizations: Service, Meta, Microsoft
Executives focused on hiring told Business Insider that the newfound clarity is already making some employers more willing to post jobs. "Our phone was basically ringing off the hook with companies looking to hire," Lief Larson, CEO of Salesfolks, a staffing firm focused on sales roles, told BI. "We're seeing a pretty healthy number of roles planning to be posted in January, probably more than we even expected," Volberg told BI. A postelection rush to hireAaron Cleavinger, a managing partner at Murdoch Mason Executive Search Group, told BI that he's been "inundated" with new search requests from clients since the election. Rahbar said reductions to immigration could hurt industries beyond agriculture and construction, including tech.
Persons: Donald Trump's, , haven't, Lief Larson, Tim Glowa, Michelle Volberg, who's, Volberg, she's, that's, Kathleen Lin Hurtubise, Hurtubise, Jason Leverant, Leverant, reshoring, Elon Musk, Aaron Cleavinger, they're, Cleavinger, Peter Rahbar, Rahbar Organizations: Service, Aloha Hospitality Professionals, AtWork Group, Tesla, Murdoch
It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.
Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada
Binance founder Changpeng Zhao left prison in September. He said he wasn't recognized at first, but inmates and guards soon sought crypto tips. He told Bloomberg in his first post-prison interview about how he spent his days. Changpeng Zhao, widely known as CZ, told Bloomberg in his first interview since being released in September. He said he told inquiring inmates and prison guards: "I don't have access to any information.
Persons: Changpeng Zhao, wasn't, , Zhao, Binance, That's, he's, Donald Trump's Organizations: Bloomberg, Service, ISIS, Giggle Academy, Zhao Locations: California —
Employers can use health data to offer personalized support for employees with type 2 diabetes. "It's a growing epidemic," said Dr. Donna O'Shea, chief medical officer of population health, UnitedHealthcare. These stark differences emphasize the crucial role of data in helping employers support the health of their workforce. That leads to more targeted, precise and customized interventions for diabetes care, and in turn, healthier, more productive employees and lower health care costs," Kurtzweil said. Learn more about Level2's role in supporting safe and effective diabetes care.
Persons: Donna O'Shea, Craig Kurtzweil, Kurtzweil, Level2, O'Shea Organizations: Diabetes, American Diabetes Association, Health Action, UnitedHealth, Insider Studios Locations: , UnitedHealthcare, New York, America
Investors accuse Florida businessman Patrick Orlando of diverting millions of Trump Media shares from them. Orlando was the CEO of the blank check firm that helped take Trump Media public. AdvertisementInvestors have accused the ex-CEO of the blank check firm that helped take the parent company of President-elect Donald Trump's social media site public of stiffing them out of million of shares. Orlando, his attorneys, and attorneys for ARC Global did not immediately respond to requests for comment from Business Insider on Thursday. "Specifically, as Managing Member of ARC, Orlando conveyed roughly 46% of ARC's membership interest to Franlu in a secret transaction for zero consideration in exchange."
Persons: Patrick Orlando, Orlando, , Donald Trump's, Donald Trump, Kamala Harris Organizations: Trump Media, Service, Florida, ARC Global Investments, Trump Media & Technology Group, Acquisition Corporation, Orlando, ARC Global, Business, ARC, Belsize Ventures, Franlu, Securities, Exchange Commission, Trump Media & Technology Group Corp, SEC, Trump Locations: Florida, Orlando, Delaware's Chancery, Cayman Islands, Miami
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