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☆ CNBC Daily Open: Tech firms in the spotlight
▼ + stars: | 2024-12-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

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. Nvidia shares fall after China opens investigationShares of artificial intelligence darling Nvidia were under pressure after a regulator in China said it was investigating the chipmaker over possible violations of the country's antimonopoly law. Markets retreat from record highsThe S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares lagging. Many investors expect further gains for mid-caps, which offer better quality businesses than small-caps, as well as stronger growth prospects than large-caps.

Persons: Luigi Mangione, Brian Thompson, Mangione Organizations: CNBC, Nvidia, Oracle, Revenue, UnitedHealthcare, University, Pennsylvania, Nasdaq, Dow Jones Locations: China, Europe

☆ CNBC Daily Open: Tech firms take center stage
▼ + stars: | 2024-12-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

(Photo by Dominika Zarzycka/NurPhoto via Getty Images)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. Nvidia shares fall after China opens investigationShares of artificial intelligence darling Nvidia were under pressure after a regulator in China said it was investigating the chipmaker over possible violations of the country's antimonopoly law. Most Asia markets gain, breaking ranks with Wall StreetMost markets rose in Asia, shrugging off the weaker close overnight on Wall Street. The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares lagging.

Persons: Dominika Zarzycka, Luigi Mangione, Brian Thompson, Mangione, shrugging, Korea's Kospi Organizations: Nvidia, Getty, CNBC, UnitedHealthcare, University, Pennsylvania, Nasdaq, Dow Jones Locations: China, Asia

☆ The Omnicom-IPG megamerger signals a new era for the ad industry
▼ + stars: | 2024-12-10 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.

Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, —, Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already-tense trade relations between the two countries as President-elect Donald Trump prepares to take office for a second time. China's state market regulatory arm said the probe is related to Nvidia's 2019 acquisition of Mellanox, a global supplier of computer networking equipment. The U.S. and France have also opened investigations related to Nvidia's market dominance, though on different grounds. Trump has promised to levy stiff tariffs on China when he takes office. He recently picked former Georgia Sen. David Perdue, whom a Chinese think tank has accused of being "anti-China," for U.S. ambassador to China.

Persons: Donald Trump, ”, Trump, Georgia Sen, David Perdue, Peter Navarro Organizations: Monday, Nvidia, Biden, U.S Locations: China, U.S, France, Santa Clara

☆ Nvidia shares slip after China opens investigation over possible violation of antimonopoly law
▼ + stars: | 2024-12-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Nvidia shares were under pressure Monday after a regulator in China said it was investigating the chipmaker over possible violations of the country's antimonopoly law. The State Administration for Market Regulation opened an investigation into the chipmaker in relation to acquisition of Mellanox, the Chinese government said Monday. "In recent days, due to Nvidia's suspected violation of China's anti-monopoly law and the State Administration for Market Regulation's restrictive conditions around Nvidia's acquisition of Mellanox shares ... the State Administration for Market Regulation is opening a probe into Nvidia in accordance with law," according to a statement translated by CNBC. The company has worked to create new products to sell in China that abide by the U.S. regulations. Shares have also helped push the market to new highs, along with the broader technology sector.

Persons: Jensen Huang, Biden, — CNBC's Evelyn Cheng Organizations: Center, Washington , D.C, Nvidia, Administration, Market, Mellanox, State Administration, CNBC, U.S, ChatGPT Locations: Washington ,, China, U.S

☆ Nvidia shares drop as China opens antimonopoly probe into US chip giant
▼ + stars: | 2024-12-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

China's top antimonopoly regulator is investigating Nvidia. China Central Television reported that Nvidia is being probed over violations of antimonopoly laws. AdvertisementChina's top antimonopoly regulator has launched an investigation into Nvidia, sending its shares down by 2.2% in premarket trading. The State Administration for Market Regulation is probing the chipmaker giant over potential violations of antimonopoly regulations, the watchdog announced Monday. The ministry said the measures were in response to fresh US chip export bans, which were also announced last week.

Organizations: Nvidia, China Central Television, Administration, Technologies, China's Ministry of Commerce, The, of Justice Locations: China, Santa Clara

☆ China is probing Nvidia in a major escalation of its chip war with the US
▼ + stars: | 2024-12-09 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

The probe serves as the latest escalation of a growing battle for AI dominance, which both the United States and China believe is crucial for national security. The memory chips are different than the graphics processors Nvidia makes, but they are also crucial technology that helps power AI. The administration’s new export controls are the third such round of chip sales restrictions to China. But China’s Commerce Ministry lambasted the United States’ restrictions, saying they pose “a significant threat” to the stability of global supply chains. Nvidia is also under antitrust scrutiny in the United States, according to Bloomberg.

Persons: Biden Organizations: CNN, Nvidia, China Central Television, Apple, US Commerce Department, Ministry, United, Senior, Bloomberg, Intel Locations: China, United States, Beijing

☆ Stocks making the biggest moves midday: Hershey, Nvidia, Alibaba, Omnicom and more
▼ + stars: | 2024-12-09 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 13% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey previously publicly disclosed a $23 billion bid from Mondelez. Alibaba and Tencent shares gained 9% and 5% on the news, respectively, while automaker Nio rallied more than 14%. Stellantis — Shares of automaker Stellantis edged nearly 2% higher after CNBC reported that well-known executive Tim Kuniskis is returning to the automaker effective immediately to again lead the company's Ram Trucks brand. SolarEdge Technologies — Shares jumped 16% after the solar energy company announced it has started shipping its "USA Edition" home battery .

Persons: Mondelez, Nio, Barington, Dow, Harry Potter, Tim Kuniskis, Ram, Carlos Tavares, Interpublic, Omnicom, Donald Trump's, —, Alex Harring, Jesse Pound, Sarah Min, Michelle Fox Theobald Organizations: Hershey, Mondelez, Bloomberg News, Cadbury, U.S, PDD Holdings, Apollo Global Management, Dow Jones Indices, Warner Bros, Discovery, Comcast, Stellantis, CNBC, Nvidia, China's, Administration, Market, Mellanox, Bank of America, Macquarie Asset Management, Interpublic, of Companies, Omnicom, Super, Nasdaq, Bank of America Global Research, Trump, SolarEdge Locations: Mondelez, China, Gulf

☆ Nvidia tangos with an activist hedge fund: An excerpt from Tae Kim's new book on the tech giant
▼ + stars: | 2024-12-05 | by ( Tae Kim | ) www.cnbc.com time to read: +9 min

The excerpt is from a chapter about activist hedge fund Starboard Value, founded by Jeff Smith. Another Nvidia executive said Starboard wanted a board seat, but the board had pushed back. In November 2013, Nvidia made two announcements: a commitment to buy back $1 billion of stock by fiscal 2015 and the authorization of an additional $1 billion stock buyback. Far from a contentious relationship, Nvidia and Starboard seemed to work well together in this brief period. Days later, Nvidia and Mellanox made the deal public and held a conference call with analysts and investors.

Persons: Jensen Huang, Tae Kim, Jeff Smith, Darden, Jensen, Smith, Eyal Waldman, Mellanox, Waldman, Mellanox didn't, Brian Venturo, Jensen wasn't, Jay Puri Organizations: Nvidia, Tech, W.W, Norton & Company, Securities, Exchange, U.S, Intel Locations: CUDA, Mellanox

☆ Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

According to public announcements, the firm has made four acquisition deals so far in 2024, exactly even with Nvidia's 2020 deal total. Nvidia declined to discuss its acquisition strategy for this report, citing a quiet period before it announces earnings on August 28. In May, Nvidia agreed to acquire Deci AI, another Israeli startup that makes tools for developers to build AI models, for $300 million. In July Nvidia competitor AMD announced an agreement to acquire Silo AI, a Finnish AI startup, for $655 million. And this quiet trickle of deals in various forms is unlikely to stop since the market for AI talent is so tight.

Persons: —, Nader Khalil, Colette Kress, Kress, it's, OpenAI, Paul Baier, GAI, Baier, Umesh Pavdal, Thomvest Organizations: Service, Nvidia, Microsoft, Department of Justice, Federal Trade Commission, Business, ARM, Softbank, Politico, Shoreline, LinkedIn, Citi Global, DOJ, FTC, Amazon, AMD, Silo Locations: Israeli, California, San Francisco, Finnish

☆ Nvidia is going on the defensive as the list of contenders grows
▼ + stars: | 2024-06-11 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Read previewThere are signs that Nvidia is adopting a defensive posture as competitors try to carve out a piece of the AI computing market it has dominated thus far. What does going on the defensive look like for a company with between 70% and 90% market share? Advertisement"Our sense is that investor expectations still haven't adjusted enough to the impacts the Blackwell launch will have on Nvidia competitors," the analysts wrote. The fast pace of new launches makes meaningful competition even harder to fathom according to Morgan Stanley. Morgan Stanley assessed that Broadcom is poised to gain market share while AMD's fate is less certain.

Persons: —, Morgan Stanley, Jensen, Lisa Su, Blackwell, Huang, Emma Cosgrove Organizations: Service, Nvidia, Microsoft, Meta, Google, Business, Devices, AMD, Taiwan Semiconductor Manufacturing Corp, Broadcom Locations: Santa Clara , California, ecosgrove@businessinsider.com

☆ Here are 3 underappreciated aspects of Nvidia's latest knockout quarter
▼ + stars: | 2023-11-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

At the same, there are three key areas aspects to Nvidia's business that are increasingly coming into focus that show the company's monstrous growth thus far still has more room to run. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. Networking sales The strength in Nvidia's networking business on display in Tuesday's print underscored the company's evolution into a one-stop shop for AI computing in the data center. But its networking business — which sells communications technology to connect different parts of the data center — has become a larger piece of the puzzle. In fact, Nvidia's networking segment has now surpassed a $10 billion annualized revenue rate, the company said Tuesday.

Persons: Cowen, Bernstein, Cloud, That's, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Robert Galbraith Organizations: Nvidia, Mellanox Technologies, BMO, Enterprise, Services, Microsoft, Google, Oracle, CNBC Locations: U.S

☆ Cisco stock plunges on light guidance after product order slowdown
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

During the quarter, new product orders slowed down, mainly because clients are busy installing and implementing products after strong delivery in the three previous quarter, Cisco said in the statement. The company now sees $3.87 to $3.93 in adjusted earnings per share on $53.8 billion to $55.0 billion in revenue. During the quarter Cisco announced plans to acquire data analytics software maker Splunk for $28 billion. Notwithstanding the after-hours move, Cisco share have climbed 12% so far this year, trailing the S&P 500 index, which is up 17% over the same period. WATCH: Cisco earnings on the deck: Here's what to watch

Persons: Chuck Robbins, LSEG, Refinitiv, Robbins Organizations: Cisco, LSEG, Nvidia Locations: Davos, Switzerland

☆ Mellanox co-founder Eyal Waldman on losing daughter in Hamas attacks and Israel's military response
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMellanox co-founder Eyal Waldman on losing daughter in Hamas attacks and Israel's military responseEyal Waldman, Waldo Holdings chairman and Mellanox Technologies co-founder, joins 'Squawk Box' to discuss the emotions of losing family to the tragedy in Israel, how Waldman was able to locate his daughter, and more.

Persons: Eyal Waldman, Waldman Organizations: Waldo Holdings, Mellanox Technologies Locations: Israel

☆ Leaked email shows Nvidia is paying its Israel-based employees a bonus and raising $10 million in humanitarian aid for the Israel-Hamas war
▼ + stars: | 2023-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Nvidia is doubling down on its effort to help those affected by the Israel-Hamas war. In an internal email on Monday, obtained by Insider, Nvidia CEO Jensen Huang said the company will add a bonus in the upcoming paycheck for its Israel-based employees "to help in a small way." "The devastating war has caused unimaginable suffering and turned the lives of our families in Israel upside down," Huang wrote in the email. Nvidia is one of the US tech companies more directly affected by the war in Israel. Nearly 400 of those Nvidia employees have returned to military duty, Huang said in a separate email, viewed by Insider.

Persons: Jensen Huang, Huang, Nvidia's, Mellanox's, Eyal Waldman Organizations: Nvidia, Hamas, CNBC Locations: Israel, Gaza, Tel Aviv, Palestinian

☆ After Nvidia's last 'shock-and awe' earnings, here's what Wall Street expects from the 2nd-quarter report
▼ + stars: | 2023-08-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Investors are awaiting Nvidia's second-quarter earnings report after the market close on Wednesday. Here's what Wall Street expects from Nvidia's upcoming earnings report. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. They've got so many customers," Tesla CEO Elon Musk said during Tesla's second-quarter earnings call in July. Here's what the Wall Street analysts are saying about Nvidia's upcoming earnings report.

Persons: They've, Elon Musk, Tesla's, BofA, Goldman Sachs Organizations: Service, Nvidia, Wall Street, Barclays, AMD, Bank of America, SOX Locations: Wall, Silicon, YahooFinance, Asia

☆ Cisco CEO says AI is already becoming a huge new market after it 'missed' the initial cloud computing boom
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cisco CEO surprised analysts by mentioning it had already sold half a billion dollars of AI gear. Cisco is trying to woo cloud companies away from offerings by Nvidia. "To date, we have taken orders for over half a billion dollars for AI Ethernet fabrics. But Robbins says this new AI cloud market will be triple or more the size of the original and, this time, he plans to make sure Cisco gets its share. And, you know, unfortunately for us, as it's been well documented, we missed the original cloud build out," Robbins said.

Persons: it's, Chuck Robbins, That's, Infiniband, Robbins, Morgan Stanley, Meta Marshall, Julie Bort Organizations: Cisco, Nvidia, Morning, Mellanox Technologies, AMD, Arista, Broadcom, HPE, Intel, Meta, Microsoft, Google, Facebook, Arista Networks, Twitter

☆ Wall Street is bullish on Big Tech heading into earnings — here's what we think
▼ + stars: | 2023-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Wall Street kicked off the week with bullish takes on several high-flying tech stocks in the portfolio — validating our decision to stick with these mega-caps heading into quarterly earnings. It's also important to understand that some price target raises are just chasing a big move, and that the price reaction to an earnings release has less to do with the results and much more to do with expectations. It's also why Citigroup also put AMD on a "negative catalyst watch," meaning it is negative on the stock heading into earnings. In the analysts' view, Apple has an opportunity to grow its revenue by seven times in the U.S. over the next decade to about $40 billion, while adding 170 million new users. Microsoft What the analysts say: Analysts at Mizuho reiterated their buy rating on Microsoft while taking up their price target to $390 from $360.

Persons: bullish, Meta, It's, CUDA, Morgan Stanley, we're, —, Jim Cramer, monetize, Jim Cramer's, Jim, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, Microsoft, Devices, Citigroup, AMD, Intel, Mizuho, Activision Blizzard, JMP Securities, Jim Cramer's Charitable, CNBC, Afp, Getty Locations: U.S, China, India, Taipei

☆ 3 stocks set to lead a booming AI networking market that will grow 5x to $10 billion by 2027, according to Bank of America
▼ + stars: | 2023-06-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Bank of America says silicon-based chips are expected to grow to $10 billion by 2027InfiniBand (IB) and ethernet can both be used for AI computer networks. But Bank of America expects the global AI software market to reach $900 billion by 2026, up from just under $600 billion this year. But generative AI isn't like your average search engine. As big-tech cloud providers begin to integrate generative AI into their centers, the demand for things such as networking silicon is set to skyrocket. The investment bank expects ethernet to attract most of the $10 billion market share, growing from $500 million to $6 billion by 2027.

Persons: InfiniBand, Vivek Arya Organizations: of America, Nvidia, Broadcom, Marvell Technology, Nasdaq, Microsoft, Google, Bank of America, IB

☆ Nvidia to build Israeli supercomputer as AI demand soars
▼ + stars: | 2023-05-29 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

JERUSALEM, May 29 (Reuters) - Nvidia Corp (NVDA.O) said on Monday it was building Israel's most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Gilad Shainer, a senior vice president at Nvidia, said Nvidia worked with 800 startups in Israel and tens of thousands of software engineers. Shainer said AI was the "most important technology in our lifetime" and that to develop AI and generative AI applications large graphics processing units (GPUs) were needed. Nvidia bought Israeli chip designer Mellanox Technologies in 2019 for nearly $7 billion, outbidding Intel Corp.Shainer said Nvidia's first priority for the supercomputer was its Israeli partners. Last week, Nvidia said it had worked with Britain's University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel and Advanced Micro Devices Inc.

☆ Broadcom releases chip for wiring together AI supercomputers
▼ + stars: | 2023-04-18 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

April 18 (Reuters) - Broadcom Inc (AVGO.O) on Tuesday released a new chip for wiring together supercomputers for artificial intelligence (AI) work using networking technology that is already in wide use. Broadcom is a major supplier of chips for Ethernet switches, which are the primary way the computers inside conventional data centers are connected to one another. But the rise of AI applications like OpenAI's ChatGPT and Alphabet Inc's (GOOGL.O) Bard have presented new challenges for the networks inside data centers. Broadcom on Tuesday announced a new chip, Jericho3-AI, which can connect up to 32,000 GPU chips together. The Jericho3-AI chip will compete with another supercomputer networking technology called InfiniBand.

☆ Israeli blockchain chip startup Chain Reaction raises $70 mln
▼ + stars: | 2023-02-23 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif., Feb 23 (Reuters) - Tel Aviv-based blockchain chip startup Chain Reaction on Thursday said it raised $70 million which will be used to expand its engineering team as it develops its next chip and rolls out its first one to the market this year. Alon Webman, co-founder and CEO of Chain Reaction, told Reuters that the company will start mass producing its blockchain chip Electrum in the first quarter this year. He said the chip is designed to carry out blockchain operations called "hashing" very fast and power efficiently and also can be used for mining digital currencies like bitcoin. He is the co-founder of Mellanox Technologies Ltd., a datacenter networking chip company that U.S. chip supplier Nvidia Corp (NVDA.O) bought for nearly $7 billion in 2020. The latest funding round was led by Morgan Creek Digital, a venture capital firm specializing in blockchain technology, AI, and digital assets, and brings the total raised to $115 million.

☆ An activist investor's profit-focused push at Salesforce is good news for shareholders
▼ + stars: | 2022-10-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

An activist investor we respect has taken a notable stake in Club holding Salesforce (CRM), sending shares higher by more than 4% on Tuesday. Rather, we're pleased with Starboard's activist campaign because its goal — creating more value through improved profitability — is good for shareholders. ... For the quality of the business, for their growth opportunity of the business, for the margin opportunity of this business, this is why we get excited about it." Smith added that he's been in contact with Salesforce management since Starboard took its stake and has had "good dialogue with them." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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