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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreene: If it was just the MAG seven, the rally would not be sustainable. Victoria Greene, Founding Partner & CIO at G Squared Private Wealth, discusses the broader market rally, noting that small-cap stocks are outperforming tech giants. She sees opportunities in traditional stocks like Walmart, Costco, and IBM, and views the market as a bull run, urging investors to take advantage rather than stay on the sidelines.
Persons: Greene, Victoria Greene Organizations: MAG, Partner, G Squared, Wealth, Walmart, Costco, IBM
Kyndryl Holdings CEO Martin Schroeter sits down with Jim CramerKyndryl Holdings Chairman and CEO Martin Schroeter joins 'Mad Money' host Jim Cramer to talk spinning off from IBM, new signings, its multi-year strategy and more.
Persons: Martin Schroeter, Jim Cramer Kyndryl, Jim Cramer Organizations: Kyndryl, IBM
Alaska Airlines partnered with Air Space Intelligence to use an AI tool that suggests flight routes. While Air Space Intelligence developed the Flyways AI Platform, it did so in close cooperation with the airline's stakeholders. AI in actionThe partnership between Alaska Airlines and Air Space Intelligence began with a learning period for both organizations. ASI's staff shadowed the airline's dispatchers to learn how they worked, while Alaska Airlines learned more about how a machine-learning algorithm could be used to route traffic. While that might seem low, those accepted routes helped reduce Alaska Airlines' fuel consumption by more than 1.2 million gallons in 2023, according to the airline's annual sustainability report.
Persons: , We've, they're, Pasha Saleh, Flyways, Saleh, Phillip Buckendorf, Buckendorf, Andreessen Horowitz Organizations: Alaska Airlines, Air Space Intelligence, Service, Space Intelligence, Alaska Airlines . Alaska Airlines, Federal Aviation Administration, ASI, IBM DOS, Airlines, Air, US Air Force Locations: Alaska, Boston, Denver, Poland, Washington, DC
India's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank. In December last year, RBI governor Shaktikanta Das announced plans to set up a public cloud for the financial services industry. Initial work on the cloud is being driven by the research wing of the central bank called the Indian Financial Technology and Allied Services. It will then be developed further in partnership with one or more private sector technology firms, according to the sources.
Persons: Shaktikanta Das, EY Organizations: Bank, Reserve Bank of, Amazon Web Services, Microsoft, Google, IBM, International Data Corporation, Indian Financial Technology, Allied Services, Reuters
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. When asked for comment on The Information report, an Nvidia spokesperson emailed a statement to the Investing Club: "NVIDIA GB200 systems are the most advanced computers ever created. That doesn't seem like the right reason to race out and buy AMD stock Monday, though. 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 .
Persons: Jim Cramer, Donald Trump's, Jim, White, doesn't, he's, Michael Dell, Blackwell, AMD's, he'd, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Club, Nvidia, Blackwell, Dell, Investing, NVIDIA, Devices, AMD, IBM, Microsoft, Meta, CVS Health, Netflix, Warner Bros Discovery
AdvertisementThe AfroTech Conference for Black tech professionals debuted in Houston this year. The eighth edition of AfroTech, which lasted four days in Houston, held its place among one of the largest gatherings of Black tech professionals. AdvertisementMost of the attendees walked away with connections that anchor their experience as one of few Black tech professionals, if not the only one on their teams or at their tech companies. Many were searching for connections that could land early career conferencegoers their first tech job or a branch to pivot to new tech companies or into entrepreneurship. Her loss didn't seem to dampen the mood too much, but it has cast doubt and uncertainty as big tech companies line up to kiss the ring of the new administration.
Persons: strode, conferencegoers, Kamala Harris, Elon Musk, We're, Alex Oladele, Morgan DeBaun, Apt, that's, Lesley Bellow, Morgan Debaun, Morgan, Bellow, George R, Joshua Pinkay, Pinkay assuredly Organizations: Conference for Black, Trump, SpaceX, Twitter, IBM, LinkedIn, Media, Group, Brown Convention, BMG Locations: Houston, Silicon
Evercore ISI gives its top tech picks for 2025
  + stars: | 2024-11-17 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +6 min
Evercore ISI already named its favorite technology stocks to own heading into 2025. Against that background, Evercore ISI analysts recently picked five tech stocks they're most sure of entering next year. Arista Networks The cloud network equipment company's conservative revenue guidance for 2025 leaves room for upside potential, according to Evercore ISI. Evercore ISI raised its 12-month price target on Arista to $450 from $425, indicating more than 20% upside from Friday's close. International Business Machines IBM is likely to top revenue estimates in 2025, Evercore ISI said.
Persons: ChatGPT, haven't, Evercore, Amphenol, Donald Trump's, Vertiv, — CNBC's Michael Bloom Organizations: ISI, Arista, Arista Networks, Apple, Business Machines IBM, Evercore, IBM, Holdings Vertiv Holdings Locations: CY25, capex, Wallingford , Connecticut, Waterville , Ohio
Ex-Google CEO Eric Schmidt says there's "no evidence" of an AI slowdown. AdvertisementEric Schmidt says there's "no evidence" artificial intelligence scaling laws are stopping as some in Silicon Valley worry about an AI slowdown. He said there will be "two or three more turns of the crank of these large models" over the next five years, referring to improvements in large language models. Related Video Why "deployment of AI is top of mind for everybody," according to IBM's Jonathan Adashek"There's no evidence that the scaling laws, as they're called, have begun to stop. AI scaling laws are the theoretical rules that broadly state models will continue to improve with more training data and greater computing power.
Persons: Eric Schmidt, Schmidt, LLMs, , IBM's Jonathan Adashek, we're, OpenAI's, OpenAI, Claude, Gary Marcus, Sam Altman, Anthropic Organizations: Google, Service, Bloomberg, New York University, OpenAI, Business Locations: Silicon
In this article ASMLASML-NLMUINTCSMSD-GB2330-TW Follow your favorite stocks CREATE FREE ACCOUNTJapan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. One likely beneficiary of the funding announced Monday will be Japan-based Rapidus, a state-backed chip venture at the heart of the country's chip revitalization efforts. In the 1980s, Japan was the world's dominant chip player and occupied more than half of the global semiconductor market. Through its chip subsidies, which have mostly been geared toward increasing manufacturing capacity, the country should be able to expand into other aspects of the supply and enhance its position, Yang added.
Persons: Shigeru Ishiba, Ishiba, Rapidus, Tetsuro Higashi, Michael Yang, Omdia, Yang, Brady Wang, Wang, Ken Kuo Organizations: MU, Getty, Japan, Toyota Motor, Sony Group, U.S, IBM, Taiwan Semiconductor Manufacturing Co, Samsung, Intel, Micron, CNBC, Counterpoint Research Locations: Japan, Taiwan, South Korea, South, U.S, Netherlands
AWS is negotiating a potential $475 million AI cloud deal with IBM. Under such a deal, IBM would use AWS's EC2 servers that come equipped with Nvidia's AI chips, the document stated. The negotiations also highlight continued demand for Nvidia GPUs. Efforts here have been mixed so far, and it's unclear if an IBM deal would include access to these homegrown Amazon components. AdvertisementStill, an AI cloud deal like this would be a further boost for AWS.
Persons: , Andy Jassy, Jassy Organizations: IBM, Nvidia, Service, Web Services, Business, IBM Research, AWS, Watson, Amazon
Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.
Persons: Agemo, Aymeric Zhuo, Osman Ramadan, , IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay
Google's head of research told BI that learning to code continues to be a valuable skill. A decade later, Google's head of research says the advice still rings true — even in the age of AI. Related stories"I think that basic coding is like basic math," Matias said. Google Research has already integrated AI into tools like flood forecasting models, which Matias said can save lives. With AI impacting so many fields, Matias said "it's important to master the basic things," like the fundamentals of coding.
Persons: Yossi Matias, , Google's, IBM's Jonathan Adashek Matias, Matias, Sundar Pichai, it's Organizations: Service, Chelsea, Google, Google Research Locations: New York
To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.
Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks
Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.
Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S
Tech giants have poured billions of dollars into AI, and "prompt engineering" is a lucrative, in-demand job. "That kind of technology is in all the leading companies and a lot of universities," said Gates. "They finished it in just a few months," wrote Gates, calling the achievement "the most important advance in technology since the graphical user interface [in 1980]." "Today, somebody could raise billions of dollars for a new AI company [that's just] a few sketch ideas," Gates said, adding: "Just believing in AI, that's not very unique. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through November 26, 2024.
Persons: Bill Gates, Gates, Berkshire Hathaway, Warren Buffett, Elon Musk, Peter Thiel, Reid Hoffman, He'd, OpenAI, stoking, that's Organizations: Tech, Microsoft, Columbia University, Berkshire, Apple, IBM, PayPal, LinkedIn, CNBC Locations: chatbots
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBM Vice Chair Gary Cohn talks the tax policy at stake this electionGary Cohn, former National Economic Council director and IBM vice chair discusses the tax policy at stake this election cycle.
Persons: Gary Cohn Organizations: IBM, Economic Council
A rare bee species reportedly threw a wrench in Meta's plans for an AI data center. Other tech giants are spending billions on data centers to further their AI ambitions. A rare species of the insect threw a wrench in the company's plans for an AI data center, the Financial Times reported Monday. Rivals, including Google, Amazon, and Microsoft, also invest billions in data centers to power their AI. AdvertisementThe boom in data centers to power AI also comes with high costs environmentally, not just financially.
Persons: Meta, , Mark Zuckerberg, IBM's Jonathan Adashek Meta, Kairos Power, Marc Wulfraat, MWPVL Organizations: Service, Financial Times, Google, Microsoft, Kairos, Bloomberg, McKinsey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJay Clayton: The Trump voter is a different voter today than the Republican voter of 20 years agoGary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, and Jay Clayton, Apollo non-executive chairman and former SEC Chairman, join 'Squawk Box' to discuss the state of the 2024 election, gauging the Trump trade, reinventing the federal government, and more.
Persons: Jay Clayton, Gary Cohn, Trump, Apollo Organizations: Republican, IBM, National Economic, SEC, Trump
More than 750 job seekers shared their frustrations trying to find work recently. AdvertisementMore than 750 Americans between the ages of 18 and 76 who have recently struggled to find work shared their experiences with Business Insider. Through emails and an online form, readers shared stories of fierce competition for white-collar roles and lower-paying gigs alike. Over three dozen respondents said they pulled from their 401(k) or IRAs to stay afloat. Meanwhile, some executives with 30 years of experience said their credentials may have prevented them from getting interviews for lower-paying white-collar roles.
Persons: , Zers, millennials, Scott Fite, he'll, Fritz Boyle, he's, hasn't, Boyle, haven't, Aaron Terrazas, they're, Chris Jorgensen, it's, Stephanie Allen, they've, Sean Tetpon, Tetpon, I'm Organizations: Service, Business, SNAP, of Labor Statistics, BLS, Bureau of Labor Statistics, didn't, IBM, University of Idaho Locations: Americas, Pennsylvania, Portland , Oregon, Utah, Maryland
Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.
Persons: Dow, , Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna
With evolving workplace priorities, the Workforce Innovation board also predicted which new roles might emerge in the C-suite, including "chief transformation officer" and "chief experience officer." AdvertisementTim Paradis: We've seen new C-suite roles emerge in recent years, like chief AI officer and chief ethics officer. Then, while there is a "chief AI officer" role that's picking up, there is also a lot of focus on automation. Pittman: I think that a lot of these roles — whether it's chief diversity officer, chief risk officer, chief digital officer — are really about building new competencies that are not widely spread. AdvertisementThe number of companies naming chief transformation officers grew about 140% over the last couple of years.
Persons: Maggie Hulce, Julia Hood, Alicia Pittman, Neil Murray, that's, Kenon Chen, Anant Adya, everybody's, Justina Nixon, Saintil, We've, we've, Borgonovo, Tim Paradis, Nixon, It's, Pittman, Chen, isn't Organizations: Business, Workforce Innovation, Boston Consulting, Clear, Infosys, IBM, Saintil, Mastercard
Preparing for Quantum
  + stars: | 2024-10-30 | by ( ) www.cnbc.com   time to read: 1 min
A reliable quantum computing system could be one of the most important technological advancements we'll see this century. And what will be the most profitable use cases? Guest: Jerry Chow, IBM Fellow & Director of Quantum Infrastructure
Persons: Jerry Chow Organizations: IBM, Quantum
On Oct. 16, Google announced that it will award $15 million in new grants to two nonprofit organizations: The Partnership for Public Service and InnovateUS. The grants are part of Google.org's $75 million AI Opportunity Fund, an initiative aimed at helping upskill the U.S. workforce. The Partnership for Public Service will receive a $10 million grant to open the Center for Federal AI in the spring of 2025, according to a press release. The center plans to offer a federal artificial intelligence leadership program to help further educate government workers on how to evaluate potential use cases for AI and increase AI literacy. In September, Google also committed to investing $25 million in nonprofits focused on training educators and students around the U.S. on AI literacy and generative AI tools.
Organizations: Google, Public Service, Opportunity Fund, Federal AI Locations: Google.org's
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Possible S&P 5% pullback Earlier this week, the S&P 500 fell for three consecutive days, the first time since early September. The influence of the meridian sunspot over the rising moon, for instance, could cast a shadow over the S&P and cause it to slip. The bad news is that markets might again be swayed more strongly by emotions – as the word "relief" suggests.
Persons: BTIG, Billy Zhang, John Maynard Keynes, Tesla, Dow, Andy Sieg, , , Sarah Min, Pia Singh, Lisa Kailai Han Organizations: CNBC, Google, Microsoft, Wall, Nasdaq, Dow, Boeing, IBM, U.S
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.
Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, , , Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China
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