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Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.
Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia
AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.
Persons: , Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood
Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. Stock futures are little changed Monday night as investors await key earnings from retailers and chipmaker Nvidia this week. S&P futures shed about 0.05%, while Nasdaq 100 futures traded marginally lower. About 93% of S&P 500 companies have reported quarterly results so far, with three-quarters exceeding expectations and more than 60% beating revenue estimates, according to FactSet. The tech-heavy Nasdaq Composite gained 0.6%, snapping a four-day losing streak, while the S&P 500 added about 0.4%.
Persons: Stocks, Andrew Slimmon, Morgan Stanley Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Trump Media & Technology Group, Walmart, Blackwell, Dow Jones, Morgan Stanley Investment Locations: New York City
Tech jobs are mired in a recession
  + stars: | 2024-11-18 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
But ask white-collar professionals who are actually looking for a job, and they'll tell you horror stories that are eerily similar to Bach's. As I wrote last spring, that's because the job market has essentially split into two distinct tiers. AdvertisementNow, new data from LinkedIn — which tracked how often its users landed new jobs — shows which white-collar jobs are being hit the hardest. AdvertisementAnother reason tech companies are hiring fewer professionals is that their existing employees are opting to stay put. "We're slowly, slowly recovering," says Art Zeile, the CEO of Dice, a tech job board.
Persons: Jon Bach, Bach, I've, that's, Kory Kantenga, , they'd, Jenny Diani, Jon Stross, Santiago Rodriguez, it's, we're, We're, Zeile, Dice, Aki Ito Organizations: eBay, LinkedIn, Autodesk, Google, Business Locations: coders, Silicon Valley
"We estimate net margins will expand by 78 bp to 12.3% in 2025 followed by a further 35 bp increase to 12.6% in 2026." Heading into this year the Goldman team was too bearish. When it originally set its 2024 forecast last November it called for the index to climb just 5% to 4,700. States the report: "Our economists assume the Trump administration will impose targeted tariffs on imported automobiles and select imports from China. "High multiples are weak signals for near-term returns, but typically increase the magnitude of market drawdown during a negative shock," states the report.
Persons: Goldman Sachs, David Kostin, Goldman, Donald Trump, Trump, Martin Marietta, Stocks Organizations: CNBC Pro, Goldman, Microsoft, Tesla, Electronic Arts, Martin Marietta Materials, Waste Management, Fiverr International, Apple, Adobe, Mastercard, Uber Locations: China
The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.
Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan
AdvertisementAWS hired Julia White as its new chief marketing officer, replacing Raejeanne Skillern. Amazon Web Services has a new marketing chief. On Monday, AWS's CEO, Matt Garman, told employees that the company had hired Julia White, a former SAP and Microsoft executive, as its new chief marketing officer. Before that, she spent almost 20 years at Microsoft in various roles, including corporate vice president for the Azure cloud computing unit. The company recently added Colleen Aubrey, a former Amazon advertising executive, as a senior vice president of AWS Solutions, and Baskar Sridharan, an ex-Google Cloud vice president, as a vice president of AI/ML services.
Persons: Julia White, Raejeanne Skillern, White, Matt Garman, Einat Weiss White, Raejeanne, Skillern, Colleen Aubrey, Baskar, Adam Selipsky, Matt Wood, Garman, Julia, she's, Matt Organizations: SAP, Microsoft, AWS, Amazon, AWS Solutions, Google Cloud, Corporate
Spirit Airlines — Shares of the struggling airline were halted on Monday after the company filed for bankruptcy protection . The stock rose 2.8% when trading resumed. Liberty Energy , Oklo — Shares of Liberty Energy rose 5% after Trump picked CEO Chris Wright as energy secretary . Robinhood — The electronic trading platform stock gained 1% after Needham upgraded shares to buy from hold. CVS Health — Shares of the drugstore company rose 2% following a Wells Fargo upgrade to overweight from equal weight.
Persons: Tesla, Donald Trump's, Chris Wright, Wright, Baird, Barron's, Needham, Robinhood, Robert F, Kennedy Jr, , Sarah Min, Alex Harring, Jesse Pound, Spencer Kimball, Lisa Kailai Han Organizations: Bloomberg News, U.S . Transportation Department . Spirit Airlines, Liberty Energy, Oklo, of Liberty Energy, Trump, Nvidia, Blackwell, Nasdaq, Trump's Securities, Exchange Commission, CVS, Aetna, Warner Bros, National Basketball Association, Wall Street Journal, U.S, NBA, HSBC, Moderna Locations: Wells
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . Super Micro was added to the S&P 500 in March, reflecting its rapidly growing business and then-soaring stock price. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.
Persons: Charles Liang, it's, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Micro, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan
AdvertisementSiddharth Kashiramka joined Amazon in 2022 as a product manager for AI projects. He worked as a product manager at Capital One and was previously a consultant at PwC. Show variety: Throughout the résumé, Kashiramka used a range of keywords, including "leveraged," "delivered," "established," and "collaborated." One page résumé: "I think the résumé should be one page," he said about keeping the document short. Kashiramka is a senior product manager at Amazon's office in Crystal City, Virginia.
Persons: Siddharth Kashiramka, Alicia Tillman, Kashiramka Organizations: Amazon, Capital, Big Tech, ATS, Meta, Google, PwC, Business Locations: Virginia, Seattle, Crystal City , Virginia
AdvertisementPruna AI has secured $6.5 million from EQT Ventures to compress AI models. Paris and Munich-based software startup Pruna AI has secured $6.5 million from EQT Ventures. The startup has developed an optimization tool for compressing AI models so that they require less compute and energy. The startup's customers are midsize to large companies with their own AI models that can rake in huge compute bills. As a result, Charpentier found that there was appetite from investors looking to make AI cheaper and more sustainable.
Persons: Bertrand Charpentier, Charpentier, Carl Svantesson, Roxanne Varza, Hervé Nivon, Olivier Pomel Organizations: EQT Ventures, BI, Paris Locations: Munich, Paris, Daphni
AdvertisementRolls-Royce is in talks with potential customers for its nuclear reactors, per the Financial Times. The company said the reactors could provide energy for data centers, mining, and space missions. Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and one day to be sent into space, the Financial Times reported. Big Tech companies — including Google, Amazon, and Microsoft — have expressed interest in nuclear power to meet AI's high energy demands. In July 2024, Rolls-Royce was awarded funding from the agency's National Space Innovation Programme, or NSIP, for space nuclear power.
Persons: Royce, Jake Thompson, Microsoft —, Thompson Organizations: Financial Times, Business, Big Tech, Google, Microsoft, Royce, UK Space Agency, Innovation
It also touches on a key event in the "Dune" universe: the Butlerian Jihad. "Dune: Prophecy" is HBO's prequel TV series to the critically acclaimed "Dune" movies directed by Denis Villeneuve. "Dune: Prophecy" is Warner Bros.' latest move to expand the "Dune" franchise, which has already grossed over $1 billion at the global box office. Advertisement'Dune: Prophecy' takes place 10,000 years before the birth of Paul AtreidesTimothee Chalamet in "Dune: Part 2." The show also notes that it takes place "116 years after the end of the great machine wars."
Persons: Denis Villeneuve's, Denis Villeneuve, it's, Paul Atreides, Valya, Emily Watson, Tula Harkonnen, Olivia Williams, Paul Atreides Timothee, Frank Herbert's, Brian Herbert, Kevin J, Anderson, Omnius Organizations: Warner Bros, Warner Bros ., HBO, Max Locations: Tula, Corrin
Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of ​​"AI sovereignty."
Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania
AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.
Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College
The new Alexa aims to be a personalized assistant, handling diverse tasks across different devices. Amazon's AI-powered Alexa upgrade could launch with several major partners handling specific tasks such as ride-hailing, grocery shopping, and restaurant reservations, Business Insider has learned. The partner companies would become the primary option for handling those specific tasks on the upgraded Alexa. Amazon is revamping Alexa with ChatGPT-like AI features, BI first reported in January. Internally codenamed Banyan or Remarkable Alexa, the upgrade has the potential to significantly improve the voice assistant with AI features.
Persons: Uber, Spokespeople, Thumbtack, Andy Jassy, Jassy Organizations: Partners, Ticketmaster, BI, Amazon, Alexa, ChatGPT, Uber
AI helping to fight wildfires
  + stars: | 2024-11-18 | 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 EmailAI helping to fight wildfiresAs wildfires continue to ravage the country, Julia Boorstin takes a look at how tech companies are offering new AI-powered tools to help identify fires at the earliest stages to prevent them from spreading.
Persons: Julia Boorstin
CNBC's Jim Cramer on Monday considered the stock of Nvidia in light of a report that the company is having overheating issues with servers for its newest graphics chips that enable advanced artificial intelligence functions. But Cramer wasn't overly concerned, saying he views the stock decline as an investing opportunity. Nvidia stock was down 1.29% by Monday's close, and investors are waiting to see what the $3.4 trillion-dollar company will say in its earnings report on Wednesday. Cramer reiterated his faith in the company and the stock. Cramer also pointed out that Dell CEO Michael Dell, whose company is a major Nvidia customer, posted Monday that Nvidia's servers had started shipping.
Persons: CNBC's Jim Cramer, Cramer, Jensen Huang, Monday's, Michael Dell, he's Organizations: Monday, Nvidia, CNBC, Dell
That's for good reason: An Apple TV set didn't make sense years ago. But in theory, if that goes well, then maybe Apple will be more interested in chasing an Actual TV Set. Apple still sells a dedicated Apple TV box, which you can plug into any TV to transform it into an "Apple TV." AdvertisementYou can debate whether Apple TV+ is actually successful — its movie strategy seems … challenged — but it at least makes sense strategically: Apple TV+ is supposed to generate recurring monthly revenue, and Apple is all about recurring monthly revenue as part of its "services" push. A TV set — even the most awesome TV set — would be a one-and-done proposition for Apple.
Persons: you've, That's, Mark Gurman, Gurman, doesn't, Tim Cook's, Donald Trump, Cook, Trump, Apple, we've, Ben Lovejoy, Steve Jobs, Yukari Iwatani Kane, Walt Mossberg, Jobs, I'm Organizations: Apple, Trump, YouTube, Google
AdvertisementApple has increasingly used its own silicon chips in its devices in recent years. Apple says it has a "secret weapon" in its approach to making the chips that power many of its devices. The company also benefits from making chips strictly for its own use rather than being a traditional chip-maker that sells to other companies, Millet said. Apple's newest Macs are based on Apple's latest silicon chips, the M4 line. AdvertisementMillet said Apple silicon takes advantage of "three major components, the architecture, the design, and the process technology."
Persons: Apple execs, Apple's, Apple, Don McGuire Tim Millet, Tom Boger, Boger, Millet, Tim Cook, Biden's, TSMC Organizations: Apple, Indian Express, Mac, Qualcomm, Intel, Imagination Technologies, M4, BI Locations: Arizona, Phoenix , Arizona
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
The Trump transition team did not immediately respond to a request for comment. Lebanon’s ancient heritage faces Israeli airstrikesRubble and destruction caused by an Israeli airstrike near the historic Roman temple in Baalbek, Lebanon, on Nov. 7. The war in Lebanon has killed more than 3,200 people and displaced more than a million others, according to Lebanese officials. The conflict has also taken a toll on the nation’s unique heritage at the crossroads of ancient Phoenician, Egyptian, Greek, Persian and Roman civilizations. The Israel Defense Forces’ latest attacks on northern Gaza’s besieged city of Beit Lahiya killed “about 100” people, Mahmoud Basal, a spokesperson for Gaza’s Civil Defense, told NBC News on Sunday.
Persons: , Joe Biden, Matt Gaetz, Gaetz, Pete Hegseth, Timothy Parlatore, ” Parlatore, Hegseth, Marwan Naamani, amphitheaters, ’ citadels, Beit Lahiya, Mahmoud, Press Sen, Markwayne Mullin, Robert F, Kennedy Jr, I’ve, ” Mullin, Kristen Welker, Kennedy, Mullin, , Leila, aren’t, Mike Peditto, Martin Mejia Organizations: Trump, U.S, Trump Cabinet, Republicans, NBC, Justice Department, Republican, ZUMA, NBC News, United Nations, Israel Defense Forces ’, Civil Defense, Press, Department of Health, Human Services, , Intelligence, American Society of Tropical Medicine, Hygiene Locations: Afghanistan, California, Baalbek, Lebanon, Mhaibib, Nabatiyeh, Gaza’s, Beit, Talara, Peru, Americas
Artificial Intelligence is reshaping the job application process, simplifying some aspects — and creating new potential frictions in others. As the use of AI in hiring and applying increases, many job seekers are having to go to extra lengths to stand out. Using the tools, job seekers can save hundreds of hours — and apply to up to thousands of jobs a day, according to the services. A premium membership starts at $38 a month, according to the website — a cost AI Apply notes is much lower and more accessible than the cost of a career counselor. But job seekers are not the only party using AI in the application process, according to a recent University of Washington study.
Persons: Jeff, ” Maddie Macho, Chantal Cowie, , Cowie, Teal, Claude, ” Cowie, , Aidan Cramer, Watchdogs, Cramer, ” Cramer, we’ve, OfferGoose, Mike Peditto, Ruth Edwards, “ It’s, ” Edwards, Peditto, it’s Organizations: Gemini, NBC News, of Washington, Fortune, Pew, ” Boston, New, Tiger Locations: Boston, New York
“I don’t think that Black Twitter is going to exist within the next couple of years,” said Jonathan Johnson, a 29-year-old behavioral therapist in Houston and a longtime Twitter and X user. “Social media is only important because of the social part, and if you don’t have that, people aren’t going to use” the app. Like many others, Black users have been eyeing an exit from the app since 2022, but users told NBC News that this mass exodus feels more permanent. He criticized the functionality of the app and said it will suffer without a mass of Black users. “It feels like a very welcoming, safe space,” said Pariss Chandler, the organizer of Black Tech Twitter and the founder of the recruitment platform Black Tech Pipeline.
Persons: , Jonathan Johnson, Mike Brown’s, Donald Trump, , Ashon Crawley, Johnson, ” Elon, Musk, “ I’m, ” Crawley, Emily Liu, ” Liu, Gabrielle Union, Don Lemon, Vivek Ramaswamy, ” Johnson, Pariss Chandler, Chandler, “ It’s, ” Chandler, they’re, Rudy Fraser, Fraser, “ there’s, Bluesky, Bluesky’s, Blacksky Organizations: Twitter, University of Virginia, NBC News, Bluesky, Meta, Republican, “ Department, Government, Black Tech Twitter, Black Tech Pipeline Locations: Houston, Similarweb, Bluesky, Los Angeles, Crawley, Still
Google AI specialist Yann AïtBachir suggests building a strong foundation in technical skills. This as-told-to essay is based on a conversation with Yann AïtBachir, an AI specialist at Google based in Singapore. Just under two months ago, I started working as an AI specialist at Google. AdvertisementCome in with strong technical skillsWhile I studied AI 20 years ago, the fundamentals haven't really changed. You need to specialize in one area of AI because it's quite a wide scope with generative AI, predictive AI, and natural language.
Persons: Yann AïtBachir Organizations: Big, Google, Big Tech Locations: Big Tech, Singapore
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