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☆ Golfer Brian Harman says woman is in coma after trying to save his son from drowning
▼ + stars: | 2024-11-21 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Golfer Brian Harman said a family friend has been in a coma for nearly six weeks after she jumped into the water to save his 6-year-old son from drowning. Harman told reporters ahead of the RSM Classic on St. Simons Island, Georgia, on Tuesday that his family was on vacation in Florida along with their friend, Cathy Dowdy, when the incident occurred. When I was in China, my wife took my kids and our family friend Cathy Dowdy down to Ponte Vedra for vacation. My son ... was out boogie boarding with one of his really good friends, he got ripped out to sea by just a rip current. The professional golfer said Dowdy was "injured really badly in the water” and has spent the past six weeks in a hospital.

Persons: Brian Harman, Harman, Cathy Dowdy, “ I’ll, ”, Dowdy, “, Cathy, ” Harman, that’s Organizations: RSM, Macau Locations: St, , Georgia, Florida, China

☆ Australia launches ‘landmark’ bill to ban social media for children under 16
▼ + stars: | 2024-11-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SYDNEY, Australia — Australia’s center-left government on Thursday introduced a bill in Parliament that aims to ban social media for children under 16 and proposed fines of up to $32 million for social media platforms for systemic breaches. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date. France last year proposed a ban on social media for those under 15, but users were able to avoid the ban with parental consent. The law would force social media platforms, and not parents or young people, to take reasonable steps to ensure the age-verification protections are in place. “Social media has a social responsibility ... that’s why we are making big changes to hold platforms to account for user safety,” she said.

Persons: Anthony Albanese, ByteDance’s TikTok, Elon Musk’s, Snapchat, Albanese, Michelle Rowland, Rowland, ” Organizations: ”, Liberal Party, Facebook, Google, YouTube, Labor, United Locations: SYDNEY, Australia, France, United States

☆ Viral banana artwork has sold again — this time for $6.24 million
▼ + stars: | 2024-11-21 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

But artist Maurizio Cattelan’s viral creation, titled “Comedian,” has proven a sound investment for one collector: One of the artwork’s three “editions” smashed estimates to sell for $6.24 million at a Sotheby’s auction in New York on Wednesday. The auction house had estimated the work to go for between $1 million to $1.5 million; bidding began at $800,000. Prior to the sale, Sotheby’s confirmed to CNN that neither the tape nor, thankfully, the banana are the originals. The Miami installation was eventually removed amid public safety concerns, but all three editions were sold at the fair. In interviews given since the Miami installation, Cattelan has described “Comedian” as a work of commentary.

Persons: Maurizio Cattelan’s, ”, , Oliver Barker, Sotheby’s, Justin Sun, ” Sun, “, ’, Marcel Duchamp’s, David Datuna, David Galperin, ” Galperin Organizations: CNN, Art Basel Miami Beach, Guggenheim, Art Newspaper, Leeum Museum of Art, Seoul National University Locations: New York, Miami, Americas, Seoul, South Korea, London, Paris, Milan, Hong Kong, Dubai, Taipei, Tokyo, Los Angeles

A banana duct-taped to a white wall — or an acclaimed piece of art, depending how you look at it — sold at a Sotheby's auction for $6.24 million on Wednesday. The artwork debuted at Art Basel Miami Beach in December 2019 and was initially estimated to sell around $1.5 million, according to Sotheby's. At one point, someone even took the banana off the wall and ate it. According to Sotheby's, Cattelan "single-handedly prompted the world to reconsider how we define art, and the value we seek in it." As Galperin put it, "There is no better forum to adjudicate the value of art and a single object than the platform of auction."

Persons: —, Maurizio Cattelan's, Nancy Durrant, Maurizio Cattelan, David Galperin, Sotheby's, rhapsodically, Durrant, Lucius Elliot, Durrant —, Elliot, Maurizio, Emmanuel Perrotin, Perrotin, Galperin Organizations: Art Basel Miami Beach, Art Basel, Americas, New, New York Post, Vogue Locations: New York

☆ CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ann Wang | ReutersThis 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. Even though Nvidia's third-quarter revenue soared 94% on an annual basis, it's a slower pace than Nvidia's growth in the previous three quarters, when sales rose 122%, 262%, and 265%, respectively, as CNBC's Kif Leswing notes. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Ann Wang, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: NVIDIA Blackwell, Reuters, CNBC, Nvidia, Investors, University's Stern School of Business Locations: Taipei, Taiwan, New

Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry. Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters. Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.

Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Trump Media, Truth, Financial Times

☆ The Miss Universe CEO said crowning a winner with 'blonde hair and blue eyes' is the 'ultimate evolution' for the pageant
▼ + stars: | 2024-11-21 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +8 min

But when a reporter asked Jakrajutatip about the evolution of the Miss Universe pageant, she fixated on Theilvig's looks. Hector Vivas/Getty ImagesJakrajutatip was in the audience at Miss Universe 2018 when Angela Ponce became the first transgender woman to compete. A month after the video was recorded, the 72nd Miss Universe pageant was held. AdvertisementMiss Universe's identity crisisThere have been subtle shifts in the Miss Universe and Miss USA pageants since Jakrajutatip took over the organization. Theilvig shares many similarities with every past Miss Universe winner: She is cisgender, under 29, unmarried, without children, and not plus-sized.

Persons: Anne Jakrajutatip, Victoria Kjaer, Jakrajutatip, Victoria Kjaer Theilvig, Theilvig, Kjaer Theilvig, Hector Vivas, Angela Ponce, Donald Trump, Josh Brasted, vitiligo, Osmel Sousa —, Raul Rocha —, —, Donald Trump Jr, Elon Musk, Trump, Rocha, Sousa, Musk, Barbies, CARL DE SOUZA, Alyssa Klinzing, I'm, Klinzing Organizations: Miss, Miss Universe, Miss USA —, BI, Miss USA, 72nd Miss, New York Times, WE, Trump Jr, USA, AFP, Miss Kansas Teen USA, Miss Kansas USA, Miss Houston USA Locations: Denmark, Nicaragua, India, South Africa

☆ Triller is hiring TikTok's former head of product to run its video app, as its other CEO hire falls through
▼ + stars: | 2024-11-21 | by ( Kenneth Niemeyer | Dan Whateley | ) www.businessinsider.com time to read: +5 min

AdvertisementTriller hired former TikTok product head Sean Kim to run its video app and a few other subsidiaries. Former T-Mobile marketing exec Kevin McGurn will no longer join as CEO of all of Triller Group. Triller, a media and marketing company that once positioned itself as a competitor to TikTok, announced it's hiring former TikTok product head Sean Kim to serve as CEO of its video app. Starting on December 2, he will oversee the Triller app, a short-video platform that functions similarly to TikTok, Instagram reels, and YouTube shorts. The Triller Group CEO title was meant to go to former T-Mobile marketing executive Kevin McGurn, as announced by the company in October.

Persons: Triller, Sean Kim, Kevin McGurn, TikTok, Kim, Julius, McGurn, it's, Donald Trump Organizations: Mobile, Triller, Holding, Triller Group, AGBA, Sony Music, Universal Music Group, SEC, Congress, YouTube Locations: Hong Kong, Triller

☆ Stocks making the biggest moves premarket: Snowflake, Nvidia, BJ's Wholesale and more
▼ + stars: | 2024-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of $897 million. Nvidia – Shares of the chipmaker fell around 1% despite its third-quarter earnings results topping Wall Street's expectations . BJ's Wholesale Club – The stock popped nearly 8% after the warehouse club reported a third-quarter earnings beat and raised its full-year guidance. BJ's also announced a plan to repurchase $1 billion shares and said it will raise its membership fee.

Persons: Snowflake, LSEG, – Stocks, bitcoin, Coinbase, Mara Holdings, Baidu, BJ's, Goldman Sachs, —, Sarah Min, Hakyung Kim, Michelle Fox Theobald Organizations: Palo Alto Networks, Nvidia –, –, Baidu, BJ's Wholesale Locations: Palo

☆ McDonald's is bringing back cheap fast food with its McValue menu
▼ + stars: | 2024-11-21 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementMcDonald's is launching a new value menu to attract budget-conscious customers in the US. The chain has raised prices in recent years in response to inflation, putting off some customers. McDonald's is preparing to launch its new value menu in the US to win back cash-strapped shoppers. The chain has touted this new menu in recent earnings calls, saying it plans to roll it out in Q1 next year. But McDonald's is investing $100 million to regain trust, per a memo sent to employees seen by CNN.

Persons: McDonald's Organizations: Bloomberg, US Centers for Disease Control, CNN

☆ Two Sigma's new leaders have made their mark with hundreds of job cuts. Here's what could come next for the $60 billion firm.
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.

Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York

☆ How to Use Bluesky If You’re Leaving X
▼ + stars: | 2024-11-21 | by ( Hank Sanders | ) www.nytimes.com time to read: 1 min

Bluesky, the Twitter-like social media platform that emerged as an alternative for X users who had become frustrated with Elon Musk’s ownership of the platform, is having a second wind. When Mr. Musk bought X — then called Twitter — in October 2022, competitors like Mastodon and Hive Social received a rush of new users. Other competitors came on the scene later, including Threads and Bluesky, and were welcomed with surging sign-up requests. Since the 2024 presidential election, Bluesky has added millions of new users, its chief executive said. Whether you’ve left X for a new home or simply want to understand one of the most downloaded free apps, here is what you need to know about Bluesky.

Persons: Musk, —, Bluesky, you’ve Organizations: Elon, Twitter

☆ LeBron James says he will have a break from social media after citing ‘negative takes’
▼ + stars: | 2024-11-21 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

CNN —LeBron James announced on Wednesday that he’s taking a break from social media. The Los Angeles Lakers star made the announcement on his X, formerly known as Twitter, and Instagram accounts, writing: “Getting off social media for the time being. “When the platform is so big, you can make the change and allow us all an escape from real life negativity. Knecht scored a career-high 37 points in the Lakers’ 124-118 win over the Utah Jazz on Tuesday, tying the NBA rookie record of nine three-pointers in a single game. It is unclear when James will return to social media.

Persons: LeBron James, ”, James, Rich Kleiman, Kevin Durant’s, ” Kleiman, Dalton Knecht’s, Knecht, he’s Organizations: CNN, Los Angeles Lakers, Twitter, Tennessee, Lakers, Utah Jazz, NBA

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Salesforce, Chevron, Dell, Snowflake, Netflix & more
▼ + stars: | 2024-11-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs downgrades XPeng to neutral from buy Goldman downgraded the China EV company mainly on valuation. Goldman Sachs reiterates Chevron as buy Goldman raised its price target on the stock to $170 per share from $167. Goldman Sachs initiates Merus Therapeutics as buy Goldman said the biotech company has "best-in-class" potential. Goldman Sachs reiterates Snowflake as buy The firm said it likes the company's "strong execution" following earnings on Wednesday. Goldman Sachs reiterates Salesforce as buy Goldman said it's sticking with shares of Salesforce.

Persons: Goldman Sachs, Morgan Stanley, Rosenblatt, William Blair downgrades Ulta, William Blair, XPeng, Goldman, Wells, Jake Paul, Mike Tyson, Dell, Snowflake, Tesla, TJX, Salesforce Organizations: Nvidia, UMB, Palo Alto Networks, Palo, China EV, GE, Bank of America, Netflix, Citi, Energy, Chevron, Barclays, Royal Bank of Canada, Merus Therapeutics, " Bank of America, JPMorgan, Networks, Palo Alto, TJX Companies Locations: Ulta, XPeng, Canada, Shanghai, Salesforce

☆ Bluesky CEO: Our platform is 'radically different' from anything else in social media
▼ + stars: | 2024-11-21 | 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 EmailBluesky CEO: Our platform is 'radically different' from anything else in social mediaJay Graber, Bluesky CEO, joins CNBC's 'Money Movers' to discuss how Bluesky developed as competitor to X, expectations for growth, and more.

Persons: Jay Graber, Bluesky

☆ CNBC Sport: The next big media rights deal isn't in the U.S.
▼ + stars: | 2024-11-21 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +17 min

In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.

Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: —, Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai

☆ Bank of America raises Netflix price target to $1,000 on Tyson/Paul fight viewership
▼ + stars: | 2024-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Two catalysts may send shares of Netflix even higher in the months ahead, according to Bank of America. Analyst Jessica Reif Ehrlich reiterated her buy rating on Netflix and hiked her price target by $200 to $1,000, implying more than 13% upside from Wednesday's close. "Live and advertising are complementary growth drivers, as more live programming drives additional high value, premium ad inventory," Reif Ehrlich added. "Netflix's ability to monetize this premium live inventory will be key to making advertising a multi-year growth driver." Still, Netflix has an average price target of $787, implying about 11% downside from Wednesday's close.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Mike Tyson, Jake Paul –, Beyoncé –, ann Organizations: Netflix, Bank of America, Broadcasting

☆ Elon Musk's startup xAI is now reportedly worth more than what the billionaire paid for Twitter
▼ + stars: | 2024-11-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk's AI startup, xAI, has been valued at $50 billion, The Wall Street Journal reported. xAI's valuation has doubled since the spring, surpassing the $44 billion Musk paid for Twitter. Elon Musk's AI startup, xAI, has reportedly been valued at $50 billion — $6 billion more than what the billionaire paid to acquire Twitter, the social media platform now known as X. AdvertisementThe new valuation means xAI has surpassed the $44 billion Musk paid for Twitter back in October 2022. xAI previously raised a $6 billion Series B from A16z and Sequoia Capital at a $24 billion post-money valuation.

Persons: Andreessen Horowitz, Elon, xAI, Musk, Sam Altman, OpenAI Organizations: Elon, Street Journal, Twitter, Sequoia Capital, Fidelity, The, Equity Partners, Qatar Investment Authority, Microsoft Locations: A16z

☆ Brian Harman: Woman in coma after trying to save golfer’s six-year-old son from drowning
▼ + stars: | 2024-11-21 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

CNN —American golfer Brian Harman said on Tuesday that a woman is in a coma after trying to save his son from drowning in October. The incident occurred when Harman was in China and his wife and children were vacationing in Ponte Vedra Beach, Florida. Another man, Crane Cantrell, entered the water and pulled Harman’s son to safety. “(Dowdy) went in the water after my son,” Harman told reporters, via the PGA Tour. “They disregarded their selves, went into the water, saved my son, and how do you thank people like that?

Persons: Brian Harman, Harman, Cathy Dowdy, Harman’s, Crane Cantrell, ” Harman, “, couldn’t, Cathy, “ She’s, Crane, ”, Dowdy, Dowdy’s, Mike, we’ve, Simons Organizations: CNN, RSM, PGA, Johns Citizen, Mayo Clinic, Specialty, PGA Tour Locations: American, St, , Georgia, China, Ponte Vedra Beach , Florida, Mayo, Savannah , Georgia, Glynn County

☆ Possible Rowan selection for Treasury secretary would be boost for Apollo stock, private equity industry, says TD Cowen
▼ + stars: | 2024-11-21 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

The potential appointment of Apollo Global Management CEO Marc Rowan would boost the stock and the broader alternative asset management sector, according to TD Cowen. Trump's reelection platform included efforts to deregulate industries, which would facilitate large transactions such as the ones seen in the private equity sector. APO 1D mountain Apollo shares on Thursday Katz also thinks any "key man risk" at Apollo in the event Rowan is appointed to Trump's Cabinet is limited. Likely CEO successors are co-Presidents Jim Zelter and Scott Kleinman, according to Katz. Shares of Apollo have soared 77% year to date.

Persons: Marc Rowan, TD Cowen, Donald Trump's, Rowan, Kevin Warsh, Scott Bessent, Sen, Bill Hagerty, Warsh, Bill Katz, Katz, Jim Zelter, Scott Kleinman Organizations: Apollo Global Management, Federal, Key Square Group, Rowan, Trump, Mar, APO Locations: Wednesday's

☆ How AI regulation in California, Colorado and beyond could threaten U.S. tech dominance
▼ + stars: | 2024-11-21 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

California Governor Gavin Newsom vetoed California's bill at the end of September but signed into law another bill which requires transparency in generative AI systems. "A lot of the privacy risks associated with AI can be tackled through a comprehensive data privacy regime," she said. The U.S. has historically approached data privacy with decentralized, state-by-state legislation, which is where AI regulation is currently headed. Regarding Colorado's successful AI bill, Maroney wrote on Facebook, "It is unfortunate that Connecticut chose not to join Colorado as a leader in this space. Even a model approach, if done wrong, could pose a major risk to the U.S. "Everybody's looking at California, especially when it comes to tech," Elgendy said.

Persons: Scott Weiner, Wiener, Gavin Newsom, California's, Tatiana Rice, Jonas Jacobi, Mohamed Elgendy, Elgendy, Rice, Robert Rodriguez, James Maroney, Maroney Organizations: Conference, AI Alliance, Washington D.C, U.S ., European Union AI, Privacy, Data, American, White, Office of Science, Technology, Democratic, Colorado Senate, Democratic Connecticut State, Facebook, Colorado Locations: California, San Francisco, Washington, Puerto Rico, U.S, U.S . Virgin Islands, Colorado, Silicon, Connecticut

☆ Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ's Wholesale Club and more
▼ + stars: | 2024-11-21 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Analysts polled by LSEG had called for earnings of 75 cents per share on $33.16 billion in revenue. Baidu — U.S. shares of the Chinese search engine fell about 5% after Baidu's third-quarter revenue declined by 3% compared to the year-ago period . BJ's Wholesale Club — Shares moved 9% higher after the warehouse club's third-quarter adjusted earnings beat the Street's estimates. The company said it will increase its membership fee and announced plans to repurchase $1 billion shares.

Persons: LSEG, Snowflake, Sridhar Ramaswamy, Merus, Goldman Sachs, — Stocks, Michael Novogratz, MicroStrategy, Miner Mara Holdings, BJ's, PDD, — CNBC's Sean Conlon, Yun Li, Michelle Fox Organizations: Nvidia —, Nvidia, Baidu, Department of Justice, Google, Chrome, Netflix, of America, —, Galaxy Digital, Miner, BJ's Wholesale, PDD Holdings

☆ Forget Nvidia. This is the biggest tech earnings mover of the day and Goldman sees 70% upside
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The sharp move higher puts the cloud-based data stock on pace for its best day ever. SNOW YTD mountain Snowflake stock headed for its best day ever on Thursday. Goldman analyst Kash Rangan reiterated a buy rating on Snowflake following its third-quarter results, and maintained his price target of $220 per share. JPMorgan, others bullish too JPMorgan Chase analyst Mark Murphy maintained an overweight rating on Snowflake stock, but increased his price target to $185 per share. The analyst reiterated his neutral rating on Snowflake stock but increased his price target to $185 per share from $160, equating to more than 43% upside moving forward.

Persons: Sridhar Ramaswamy, Goldman, Kash Rangan, Rangan, Mark Murphy, Murphy, Brad Sills, he's, Sills, Wells Fargo's Michael Turrin, Turrin Organizations: JPMorgan, Bank of America Locations: Snowflake

☆ Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
▼ + stars: | 2024-11-21 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty ImagesAsian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling. Selloff in AsiaSemiconductor testing equipment supplier Advantest , which counts Nvidia among its clients, dropped as much as 5.6% on Thursday, the largest chip loser on Japan's benchmark Nikkei 225. Taiwan Semiconductor Manufacturing Corp , which manufacturers Nvidia's high-performance graphics processing units, slipped as much as 1.5%. The company has been a key supplier to Nvidia and is building the world's largest manufacturing facility in Mexico for assembling Nvidia's GB200 superchips, a key component of its next-generation Blackwell family computing platform.

Persons: Justin Sullivan, Daniel Newman, CNBC's Organizations: Getty, Nvidia, Futurum, Asia Semiconductor, Nikkei, Advantest Corp, Softbank Group, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Blackwell, SK Hynix, Samsung Electronics Locations: Santa Clara , California, Asia, Selloff, Mexico, South Korea

☆ Meet 16 startups taking AI innovation to the next level with Twilio
▼ + stars: | 2024-11-21 | by ( Sponsored Twilio | ) www.businessinsider.com time to read: +8 min

These honorees showcase how AI-powered solutions married with Twilio can solve business challenges and revolutionize customer interactions across diverse industries and regions. AlpharunAlpharunAlpharun is an AI phone interview platform that accelerates screening for high-volume hiring teams by integrating Twilio's messaging, voice, IVR, and SIP Trunking. By integrating products like SMS, Voice, IVR, and 2FA, they ensure seamless, secure, multi-channel support that moves beyond static chatbots. Utilizing Twilio's SIP Trunking, IVR, and Voice APIs, their conversational AI encourages screenings. GoodCall boosts productivity and streamlines customer interactions, using Twilio's SMS, Voice, IVR, Email, and security tools to enhance multi-channel communication and reliability.

Persons: Twilio, Alice, Jordan, Alpharun, Althea, Althea Health Althea Health, Elythea, GAIL LULA, GAIL, Olivia, Storii, Symbl.ai Organizations: Trunking, Althea Health, Voice, Inc, Financial Services, meiti, GmbH, SMS, Insider Studios Locations: North America, America

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