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☆ Chip fever has created an $11 billion debt market backed by Nvidia's AI-enabling GPUs
▼ + stars: | 2024-11-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Top Wall Street lenders have created a big debt market back by red-hot Nvidia GPUs. A report from the FT says firms have made billions in loans to companies that use Nvidia chips as collateral. AdvertisementTop Wall Street firms have loaned billions to a handful of tech companies that have used Nvidia's artificial intelligence-enabling GPUs as collateral, The Finanacial Times reported. According to the FT, big financial institutions including BlackRock, Blackstone, Pimco, and Carlyle, have made over $11 billion in loans to "neocloud" companies, tech companies that provide cloud services to other tech firms building AI products. There are concerns, though, over the value of Nvidia's GPUs, with the price of existing AI chips potentially coming down as more advanced models are released and as companies potentially dial back AI spending.

Persons: —, Carlyle, Willy Wonka's Organizations: Nvidia, FT, Service, Finanacial Times, BlackRock, Blackstone, Lambda Labs, Leasing, Business Locations: Wall

☆ Why not all semiconductor firms are benefitting from the AI boom like Nvidia has
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Current interest in artificial intelligence revolves around two key terms — large language models (LLMs) and generative AI. Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and dominance of some companies over others in different parts of the sector. But Nvidia's rival AMD has brought its own chip to market, called the MI300X AI chip, for AI purposes and is beginning to see the rewards. Chip manufacturing and tool companies appear to be benefitting too from the boom in AI.

Persons: Jensen Huang, Meta, ASML Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Google, Tech, Microsoft, AMD, Samsung, Qualcomm, CNBC

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Nvidia shares popped more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown in the multibillion-dollar buildout of AI servers based around GPUs. Microsoft CEO Satya Nadella and finance chief Amy Hood said Tuesday the company plans to spend even more on Nvidia-based infrastructure next year. Microsoft spent $19 billion on capital expenditures during the fiscal fourth quarter, with about 60% on hardware. Nvidia has been the primary beneficiary of the AI boom.

Persons: Jensen Huang, Satya Nadella, Amy Hood, Microsoft's capex, Karl Keirstead, Morgan Stanley, Joseph Moore, Moore, Blackwell, Blackwell ramping Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Microsoft, AMD, UBS

☆ Is the U.S. stock market too ‘concentrated’? Here’s what to know
▼ + stars: | 2024-07-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

David Paul Morris/Bloomberg via Getty ImagesThe U.S. stock market has become dominated by about a handful of companies in recent years. Some experts question whether that "concentrated" market puts investors at risk, though others think such fears are likely overblown. The so-called "Magnificent Seven" — Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — make up about 31% of the index, it said. Why stock concentration may not be a concernThe S&P 500 tracks stock prices of the 500 largest publicly traded companies. When there were big market crashes, they generally don't appear to have been associated with stock concentration, he added.

Persons: Jensen Huang, David Paul Morris, Morgan Stanley, Charlie Fitzgerald III, John Rekenthaler, Rekenthaler, Elroy Dimson, Paul Marsh, Mike Staunton, We've, Goldman Sachs, Fitzgerald, Moisand Fitzgerald Tamayo, Charlie Fitzgerald Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Bloomberg, Getty, Microsoft, Tesla, U.S, Finance, Morningstar, Big U.S, Goldman, Goldman Sachs Research Locations: Orlando , Florida, U.S, Switzerland, France, Australia, Germany, South Korea, United Kingdom, Taiwan, Canada

☆ Nvidia passes Apple in market cap as second-most valuable public U.S. company
▼ + stars: | 2024-06-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. Microsoft is the most valuable publicly traded company, with a market cap of $3.15 trillion, as of Wednesday. Apple was the first company to reach a $1 trillion and $2 trillion market cap. Nvidia shares have gone parabolic as its AI business has developed, rising more than 3,290% over the past five years.

Persons: Jensen Huang, Apple Organizations: Nvidia, Technology, Apple, Microsoft Locations: San Jose , California, China, U.S

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ Nvidia announces new AI chips months after latest launch as market competition heats up
▼ + stars: | 2024-06-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei. Huang's announcement of Rubin appears to quicken the company's already-accelerated pace of AI chip advancement. Nvidia has pledged to release new AI chip models on a "one-year rhythm," as Huang put it on Sunday. The Rubin chip platform will have new GPUs, the crucial graphic processing technology that helps train and launch AI systems.

Persons: Jensen Huang, Rubin, Blackwell, Huang, Vera Organizations: Nvidia Corp, Nvidia, Technology Conference, Sunday, quicken, AMD, Intel, Companies, Microsoft, Google Locations: San Jose , California, Taipei, we're

☆ Nvidia dominates the AI chip market, but there's more competition than ever
▼ + stars: | 2024-06-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Mizuho Securities estimates that Nvidia controls between 70% and 95% of the market for AI chips used for training and deploying models like OpenAI's GPT. Nvidia's position in the AI chip market has been described as a moat by some experts. Founded in 2019, D-Matrix plans to release a semiconductor card for servers later this year that aims to reduce the cost and latency of running AI models. "Nobody can deny that today Nvidia is the hardware you want to train and run AI models," Fernando Vidal, co-founder of 3Fourteen Research, told CNBC. "The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip.

Persons: Jensen Huang, Huang, Sid Sheth, It's, that's, Fernando Vidal, Lisa Su, Su Organizations: Nvidia Corp, Nvidia, Technology Conference, Microsoft, Apple, Mizuho Securities, Intel, AMD, Bank of America, 3Fourteen, CNBC Locations: San Jose , California

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ Why Eli Lilly shares should be up on its latest news, plus Nvidia keeps rolling
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

"There's not enough money to take up Nvidia this much and the rest of the market," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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. Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.

Persons: Jim Cramer, Salesforce, CNBC's David Faber, Lilly, Eli Lilly, Cramer, Abercrombie &, Jim Cramer's, Jim, Jensen Huang, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Management, Abercrombie, Abercrombie & Fitch, Chewy, Dick's Sporting Goods, Advance, Jim Cramer's Charitable, Technology, Bloomberg, Getty Locations: Informatica, HubSpot, Indiana, San Jose , California

☆ Nvidia CEO Jensen Huang's net worth swells from $3 billion to $90 billion in five years
▼ + stars: | 2024-05-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia shares have more than doubled this year after tripling in 2023. OpenAI does most of its AI development on Nvidia GPUs.

Persons: Jensen Huang, Huang, OpenAI Organizations: Nvidia, Technology, Microsoft, Google, Meta Locations: San Jose , California

☆ Nvidia shares pass $1,000 for first time on AI-driven sales surge
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. Revenue: $26.04 billion vs. $24.65 billion expected by LSEG Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was anticipating earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue.

Persons: Jensen Huang, Blackwell, Nvidia, David Paul Morris, Colette Kress, Lama, Kress Organizations: Nvidia, Nvidia Corp, Technology Conference, Bloomberg, Getty, Google, Microsoft, Meta Locations: San Jose , California

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Nvidia announces 10-for-1 stock split after AI-driven boom in share price
▼ + stars: | 2024-05-22 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. Stock splits do nothing to change the financial fundamentals of a company but they so make each share cheaper, which can have a positive psychological effect on retail investors. Nvidia said the stock split will make ownership "more accessible to employees and investors," the release said. Nvidia shares closed on Wednesday at $949.50. Alphabet , Amazon and Tesla all orchestrated stock splits in 2022.

Persons: Jensen Huang Organizations: Nvidia Corp, Nvidia, Technology Conference Locations: San Jose , California

Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.

Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, Intel, Cisco, Reddit, Netflix, IBM, MGM & more
▼ + stars: | 2024-04-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Citi upgrades Frontier to buy from neutral Citi said it sees EBITDA growth ahead for the telecom and internet provider. Mizuho initiates GE Vernova as buy Mizuho says it's bullish on shares of the GE spinoff energy company. Citi opens a positive catalyst watch on Nvidia Citi said investors should buy any weakness in the stock. "We are launching [coverage on] on 4 US listed stocks and 5 HK listed stocks: Las Vegas Sands ( LVS, Buy, PT $63); MGM Resorts (MGM, Buy, PT $56); Melco Resorts (MLCO, Buy, PT $10)." Bank of America upgrades Cisco to buy from neutral Bank of America said it sees several growth drivers ahead for Cisco.

Persons: Morgan Stanley, Apple, Logitech, IBM Evercore, it's, Argus, Mizuho, it's bullish, Reddit, UBS downgrades Rollins, Rollins, SharkNinja, Martin, LMT, Needham, Canaccord, Coty, Jefferies, Janus, Stifel, Guggenheim, ServiceNow, Wells, Tommy Hilfiger, Calvin Klein Organizations: Apple, Citi, Frontier, IBM, Argus, Constellation Brands, GE Vernova, Mizuho, GE, Nvidia Citi, Technology, Barclays, Cava, Meta, Astera, Data, JPMorgan, Hilton, UBS, Sands, MGM, HK, MGM Resorts, Melco Resorts, Bank of America, Cisco, of America, Bitdeer, Intel Citi, Intel, Deutsche Bank, Netflix, Deutsche, Coty, MASI, Guggenheim, & $ Locations: Churchill

☆ Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech
▼ + stars: | 2024-03-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg really, really likes Nvidia CEO Jensen Huang. Advertisement"He's like Taylor Swift, but for tech," Zuckerberg wrote in an Instagram comment reply on Tuesday. The relentless race toward AI domination by companies like Meta has also placed Huang's Nvidia in an enviable position. Representatives for Nvidia declined to comment on Zuckerberg's remarks on Huang when approached by BI.

Persons: —, Mark Zuckerberg, Jensen Huang, Zuckerberg, Huang, Taylor Swift, Huang's, Swift, Huang isn't, Zuckerberg's, Meta Organizations: Service, Business, Nvidia's GPU Technology, Nvidia, Meta, BI

☆ Nvidia is kicking off its big AI event at a sports arena. Here's how to watch.
▼ + stars: | 2024-03-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Nvidia CEO Jensen Huang is kicking off the "Woodstock of AI" in a keynote speech Monday. Analysts predict Nvidia will reveal new graphics processing chips that could transform the AI industry. AdvertisementNvidia is kicking of its massive AI event at a California sports arena on Monday. The event has been dubbed the "Woodstock of AI" and Nvidia CEO Jensen Huang is its rockstar headliner. The hype surrounding Huang's speech, and what he will reveal about the future of AI technology, is enormous.

Persons: Jensen Huang, —, Jensen, hough, ike C, penAI's Organizations: Nvidia, Service, rockstar, GPU Technology Conference, Wall Locations: Woodstock, California, San

☆ Nvidia CEO Jensen Huang's Taylor Swift joke shows he's aware of his reputation among AI fanboys
▼ + stars: | 2024-03-18 | by ( Clementine Fletcher | ) www.businessinsider.com time to read: +3 min

Nvidia CEO Jensen Huang gave a much-awaited two-hour-long keynote speech in California. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Good, good boy. And while we did spot one of Huang's signature leather jackets, we weren't eagle-eyed enough to see if he was sporting a Taylor Swift friendship bracelet — or Nvidia tattoo.

Persons: Jensen Huang, Huang, Taylor Swift's, —, Swift, Swifties —, didn't, Blackwell, Hopper, Taylor, Katherine Tangalakis, Lippert Organizations: Nvidia, Service, Technology Conference, Woodstock, SAP Center Locations: California

☆ Nvidia's GPU Technology Conference is 'the Davos of AI', says Constellation Research's Ray Wang
▼ + stars: | 2024-03-18 | 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 EmailNvidia's GPU Technology Conference is 'the Davos of AI', says Constellation Research's Ray WangRay Wang, Constellation Research principal analyst and founder, joins 'Squawk Box' to preview Nvidia's highly anticipated GPU technology conference today, what to expect from the tech giant, and more.

Persons: Ray Wang Ray Wang Organizations: Technology, Davos, Constellation Research

☆ Nvidia's CEO unveils the next AI chip that tech companies will be scrambling for — meet 'Blackwell'
▼ + stars: | 2024-03-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Nvidia's CEO Jensen Huang unveiled its next-generation chip today. The Blackwell chip, named after statistician David Blackwell, is much faster than its predecessor. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNvidia CEO Jensen Huang unveiled the Blackwell chip — a next-generation AI chip succeeding its massively in-demand H100, which has served as a backbone of sorts amid an AI gold rush. The Blackwell chip, named after statistician and mathematician David Blackwell, is at least two times faster than its predecessor, Huang said in his keynote at the GPU Technology Conference (GTC) Monday in San Jose, California.

Persons: Jensen Huang, Blackwell, David Blackwell, —, Huang Organizations: Service, Blackwell, GPU Technology Conference, Business Locations: San Jose , California

☆ Jensen Huang is about to give AI believers a glimpse of the future
▼ + stars: | 2024-03-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewThere's a running gag that Jensen Huang is to AI fanboys what Taylor Swift is to Swifties. Nvidia's GTC event, starting on Monday, should answer that. AdvertisementMatt Bryson, an analyst at Wedbush, expects Nvidia to lift the lid on the B100, the next-generation version of its H100 GPU. Can AI models eventually reason? Of course, industry watchers will look for any sign that the Nvidia and AI mania might be about to slow down.

Persons: —, Jensen Huang, Taylor Swift, Sam Altman, Mark Zuckerberg, hasn't, Bojan Tunguz, Huang, Matt Bryson, Blackwell, It'll, Zuckerberg, he'll, JOSH EDELSON, Brad Lightcap, Arthur Mensch, Christian Szegedy, Elon Musk's, Aidan Gomez, Stanford's Fei, Fei Li, Wedbush's Bryson Organizations: Service, Nvidia, GPU Technology Conference, Business, Apple, Tech, Meta, Microsoft, Google, AMD Locations: San, Woodstock

☆ Home buyers are facing the least affordable market on record
▼ + stars: | 2023-06-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Joe Raedle / Getty ImagesEdward Seiler is the associate vice president for housing economics at the Mortgage Bankers Association. Phil Rosen: The MBA's Purchase Applications Payment Index just hit a new high in April. For new home buyers, this is the worst situation since the end of the Great Recession. Current homeowners that were lucky enough to get a 2.75% interest rate in 2022 are in a great position, but for new buyers looking to buy a first home, or those looking to move to another home, it's a very daunting proposition. In his view, monthly payments for first-time buyers are up roughly one-third compared to last year — and that's going to keep buyers on the sidelines and weigh on demand.

Persons: I'm Phil Rosen —, Joe Raedle, Edward Seiler, Phil Rosen, Jen, Hsun Huang, Huang, Kim Kulish, Gregg Fisher, he's, Jensen Huang, It's, There's, Evercore's Mark Mahaney, Meta, shouldn't, David Rosenberg, who's, Larry Pitkowsky, Max Adams Organizations: Mortgage, Association, Twitter, Nvidia Corp, GPU Technology, Nvidia, Treasury Department, Fed, Tech Locations: San Jose , California, New York

☆ Is Nvidia's high valuation justified? A cautious fund manager gives two reasons to own the stock
▼ + stars: | 2023-03-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

NVDA 1Y line Nvidia's business model centers around selling high-performance graphics processing units that are essential for running the algorithms behind artificial intelligence technologies. While Mortimer acknowledged that Nvidia is currently his most expensive holding in the $580 million Guinness Global Innovators Fund, he expects data center and cloud computing sales to continue rising. The fund manager also pointed toward Nvidia's profitability advantage relative to its peers as a reason to own the stock. According to Mortimer, this rare feature gives it an edge over competitors who may struggle with balancing these two factors. Mortimer joined Guinness Global Investors in 2006 and also manages the $3.8 billion Guinness Global Equity Income.

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