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AMD launched the Instinct MI325X accelerator on Thursday, and shipping starts later this fall. The new chip offers better performance than Nvidia's H200 yet lags behind Blackwell, analysts say. While the GPU significantly improved over AMD's previous offerings, Bernstein Research analysts wrote that it faces "zero challenge" against Nvidia's upcoming Blackwell chip. Nvidia announced in March the Blackwell series, which is set to ship in the fourth quarter of this year. Related stories"Training performance seems 1 year behind Blackwell (on par with H200) while inferencing is only slightly better," Arya wrote.
Persons: Blackwell, , Lisa Su, it's, Vivek Arya, Arya, Bernstein, Su, EPYC, Intel's Organizations: AMD, Service, Nvidia, Industry, Bernstein Research, Nvidia's, Blackwell, Bank of America Securities, Intel Locations: Turin, Emerald Rapids
AMD launches AI chip to rival Nvidia's Blackwell
  + stars: | 2024-10-10 | by ( Kif Leswing | ) www.nbcnews.com   time to read: +5 min
AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. In the past few years, Nvidia has dominated the majority of the data center GPU market, but AMD is historically in second place. The new AI chip is the successor to the MI300X, which started shipping late last year. Most industry estimates say Nvidia has over 90% of the market for data center AI chips. The new CPUs are particularly good for feeding data into AI workloads, AMD said.
Persons: Lisa Su, Nvidia’s, , Su, That’s, ” Su Organizations: AMD, Nvidia, Meta, Microsoft, Blackwell, Intel, workloads
After 15 years of bullishness on Honeywell , JPMorgan is finally moving to the sidelines. In a Thursday note, the Wall Street bank downgraded shares of the Charlotte-based industrial manufacturer to a neutral rating from overweight. Shares of Honeywell are up just 1% on the year but stand to gain almost 10% over the next year, based on Tusa's updated price target. HON YTD mountain HON YTD chart While Tusa said Honeywell shares are cheap, the company's planned divestitures are a short-term headwind. Still, Tusa applauded Honeywell's defensive growth profile, extended visibility from a long cycle backlog and renewed focus on growth under a new CEO.
Persons: Stephen Tusa, YTD, Tusa, divestitures Organizations: Honeywell, JPMorgan Locations: Charlotte
Lisa Marie Presley said in her posthumous memoir that getting an abortion was the "stupidest" thing she did. Presley was devastated after and "plotted" to get pregnant again with then-boyfriend Danny Keough. She got pregnant and married Keough in October 1988. AdvertisementIn her posthumous memoir, Lisa Marie Presley detailed the calculated steps she took in order to get pregnant by Danny Keough after regretting an earlier abortion. Advertisement"I didn't know what I wanted except that I wanted to be with Danny," Presley said.
Persons: Lisa Marie Presley, Presley, Danny Keough, Keough, , Riley Keough, Danny, Ron Galella, Getty Images Presley, Riley, Benjamin Keough, Lisa Marie's, Page, Oprah Organizations: Service, Getty Images Locations: Aruba
The financial firm upgraded the athletic apparel stock to a buy rating from hold and raised its price target to $97 from $83. — Lisa Kailai Han 6:48 a.m.: Goldman Sachs trims Microsoft price target Goldman Sachs is still bullish shares of Microsoft , despite a minor price target adjustment. However, she accompanied the move by lifting her price target to $80 from $75. Analyst Andrew Mok accompanied the rating change by lifting his price target to $82 from $63. To be sure, he did raise his price target by $10 to $235, implying upside of nearly 10%.
Persons: Joseph Civello, Civello, Caitlin Clark, Lisa Kailai Han, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Harshita Rawat, Venmo, Cash, Rawat, — Lisa Kailai Han, Shagun Singh, Singh, Medtronic, Andrew Mok, Mok, Stephen Tusa, Tusa, divestitures, YTD, Fred Imbert Organizations: CNBC, Barclays, JPMorgan, Honeywell International, Nike, Microsoft, PayPal, RBC, RBC Capital Markets, CVS, Aetna, Honeywell, Dow Jones Industrial Locations: buybacks, Wednesday's
CNN —Al Pacino is enjoying being a late-in-life dad. The legendary actor talked about being a father to a brood, including to 16-month-old Roman with producer Noor Alfallah, in a new interview with People. “It’s just so wonderful to have children,” the 84-year-old father of four said. “For me, I loved it,” Pacino said. “And that has been a campaign for me to stick around a little longer, if it’s possible.”“Sonny Boy” will be published on October 15.
Persons: CNN — Al Pacino, Noor Alfallah, “ It’s, ” Pacino, Julie, Jan Tarrant, Anton, Olivia, Beverly D’Angelo, it’s, It’s, , , Pacino, Sonny Boy, Sonny Boy ” Organizations: CNN, New York Times
Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar's third-quarter report to disappoint. Tesla — The stock was little changed ahead of the electric vehicle maker's robotaxi event Thursday after the bell. Investors expect Tesla to announce a Cybercab robotaxi prototype alongside advancements in driver assistance features and artificial intelligence capabilities. CVS Health — The pharmacy chain's stock rose 1.8% following an upgrade at Barclays to overweight from equal weight. PayPal — The payments platform stock slipped 2.9% following a Bernstein downgrade to a market perform rating from outperform.
Persons: Jefferies, Stifel, Piper Sandler, Tesla, Bernstein, Harshita Rawat, Venmo, — CNBC's Lisa Han, Sean Conlon, Sarah Min, Hakyung Kim, Michelle Fox Organizations: Enphase Energy, Dominion Bank, Street Journal, GXO Logistics —, Bloomberg, Logistics, American, JPMorgan, CVS Health, Barclays, CVS, Genomics, PayPal Locations: Toronto, Canadian
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are slightly lower Thursday, but not far from the S & P 500 's record close set Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Salesforce, Piper Sandler, Laggard, Analysts, It's, Piper, Salesforce's, Lisa Su, Su, Jim, Jim Cramer's Organizations: CNBC, ., CRM, Nvidia, AMD, AMD's, UBS, Broadcom, JPMorgan Chase, BlackRock, Bank of New York Mellon, PPI, Jim Cramer's Charitable Locations: China, Wells Fargo
Chip market is moving 'very, very quickly', says AMD CEO Lisa Su
  + stars: | 2024-10-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChip market is moving 'very, very quickly', says AMD CEO Lisa SuLisa Su, AMD CEO, joins 'Closing Bell Overtime' and CNBC's Kristina Partsinevelos to talk its new AI chip, pricing, chip manufacturing and more.
Persons: Lisa Su Lisa Su, CNBC's Kristina Partsinevelos Organizations: AMD
Lisa Marie Presley wrote in her posthumous memoir that she felt unwanted by her mom, Priscilla Presley. AdvertisementLisa Marie Presley wrote in a new posthumous memoir about feeling unwanted by her mom, Priscilla Presley. Lisa Marie Presley, Priscilla Presley, and Riley Keough in 2022. Priscilla Presley and Lisa Marie Presley in September 2013. AdvertisementPriscilla Presley, Lisa Marie Presley, and Riley Keough in May 2015.
Persons: Lisa Marie Presley, Priscilla Presley, Lisa Marie, Priscilla, didn't, Elvis Presley, , Riley Keough, wouldn't, Elvis, Jon Kopaloff, Lisa, Lisa Marie said, Rick Diamond, Keough, Lisa Marie weren't, Lisa Marie's, Michael Lockwood, Riley, Eric Charbonneau, Harper, Finley Lockwood, Barry Siegel, Benjamin Keough, Daisy Jones, Oprah Winfrey's Organizations: Service, Americana Music, Getty, Warner Bros Locations: Graceland
Hurricane Milton makes its way toward Florida. Hurricane Milton plows toward FloridaFlorida is, once again, bracing for a direct hit as Hurricane Milton approaches the state and the window to evacuate closes. A storm surge of up to 15 feet is forecast along a stretch of the coast that includes Tampa, St. Petersburg and Sarasota. Florida is especially vulnerable to storm surge because “it doesn’t take much to push water over land that would be dry,” said Cody Fritz, the Storm Surge Unit Team Lead at the National Hurricane Center. “Where?”Follow our live blog for the latest forecasts and information about Hurricane Milton.
Persons: Milton, Harris, Trump, Hurricane Milton, , Cody Fritz, Helene, they’re, , , ’ ”, Mark Prompakdee, Read, Sen, Sherrod Brown, Chuck Todd, Elon Musk, Josh Shapiro, Musk, Trump’s Butler, Benjamin Netanyahu, Lloyd Austin, Yoav Gallant, Joe Biden, Lisa Marie Presley, it’s Grazer, Ethel Kennedy, Robert F, Kennedy, Tama, David Ingram, — Elizabeth Robinson, Elizabeth Robinson Organizations: NBC, National Hurricane Center, Storm Surge, Twin, NBC News, Hurricane, More Hurricane Milton, Trump, Democratic, Trump ”, Saints, Republicans, White, Tech, Pennsylvania Gov, Washington D.C, U.S . Defense, Israeli, ISIS, Border Patrol, Biden, Alaska Locations: Florida, Arizona, Hurricane, Florida Florida, Tampa, St, Petersburg, Sarasota . Florida, St . Petersburg, Twin City, Hurricane Milton, More, battlegrounds, Phoenix, Utah, Ohio, Trump’s Butler , Pennsylvania, Washington, U.S, Iran, Afghan, Oklahoma, America, San Francisco
Lisa Marie Presley's posthumous memoir reveals that she kept her son's body on dry ice after his death. AdvertisementLisa Marie Presley opened up about how she coped with the death of her son, Benjamin Keough, in her newly released posthumous memoir. Presley wrote that she "found a very empathic funeral home owner" who accommodated her request. Lisa Marie Presley in June 2022. In an essay published by People magazine in August 2022, months before her death, Presley said that she blamed herself "every single day" for Benjamin's death.
Persons: Lisa Marie Presley's, Benjamin Keough, , Lisa Marie Presley, Presley, cowritten, Riley Keough, Riley, Ben Ben, Elvis, Gladys —, Elvis Presley, Gladys Presley, Lisa Marie, Navarone Garibaldi, CHRIS DELMAS, Benjamin, Jon Kopaloff, wouldn't, Finley Aaron Love, Harper Vivienne Anne, I'm, Ben, Presley's Organizations: Service, Getty, People Locations: Graceland, Hawaii, Malibu, Elvis
Reddit — Shares rose more than 2% after Jefferies initiated research coverage with a buy rating and a Sreet-high price target. Rio Tinto , Arcadium Lithium — The two minerals stocks moved in opposite directions after the companies announced a deal for Rio Tinto to buy Arcadium for $5.85 per share. Shares of Rio Tinto dipped 1.2%, while shares of Arcadium surged 30%. GitLab — Shares rose 5% after Morgan Stanley initiated research coverage of the software stock with an overweight rating . Chewy — Shares rose nearly 2% after TD Cowen initiated research coverage of the pet products retailer with a buy rating.
Persons: Jefferies, Blackstone — Piper Sandler, Morgan Stanley, Sanjit Singh, Nio, TD Cowen, — CNBC's Sean Conlon, Lisa Han, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Boeing, Department, Rio Tinto, Federal, Cruise, Citigroup, Citi Locations: Rio, Arcadium, Nio —
CNN —Jennifer Lopez is getting real about her life. Glaser and Lopez began their chat discussing Lopez playing Judy Robles in the film “Unstoppable.” Robles is the mother of athlete Anthony Robles, who was born with one leg and went on to become an accomplished wrestler. Glaser tied Lopez’s preparation for the role into the star’s “struggle with low self-esteem.”“My whole life has been proving my enoughness,” Lopez said. Working on the movie as well as her “This Is Me…Now” album, short film and accompanying documentary had Lopez feeling like “…whoa, I got here.”“I’m good,” she said. “Now I’m excited, when you say you’re just going to be on your own,” Lopez said.
Persons: Jennifer Lopez, Nikki Glaser, Lopez, Ben Affleck, Glaser, Judy Robles, ” Robles, Anthony Robles, , ” Lopez, you’re, , they’ve, Affleck, I’m Organizations: CNN
Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the company should see significant growth in earnings per share that can drive earnings upside and expand the margin. Reddit – The social forum stock gained close to 2% after Jefferies began coverage on the name with a buy rating. Helen of Troy – The housewares stock soared more than 19% after the company's second-quarter earnings beat Wall Street's expectations. Chewy – The pet product online retailer saw shares rising 3% after TD Cowen initiated coverage on the stock with a buy rating.
Persons: Jefferies, John Colantuoni, Rio, GitLab, Morgan Stanley, Helen of Troy –, Helen of Troy, FactSet, TD Cowen, Chewy, , Alex Harring, Yun Li, Lisa Kailai Han, Jesse Pound Organizations: Cruise, Citi, Bayer – U.S, Washington Supreme, Sky Valley Education Center, Monsanto, Rio Tinto, Boeing –, Boeing, Department, Google Locations: Washington, Rio, U.S
New York CNN —Attorneys for Sean “Diddy” Combs filed a motion late Wednesday accusing the government of leaking a video of the hip-hop mogul beating his former girlfriend and other evidence to the media, asking a judge to potentially bar the footage from a trial. The motion filed by Combs’ attorneys also alleges that authorities alerted the media about the searches in March of his homes in Los Angeles and Miami. His attorneys claim the alleged leaks make it hard for Combs to get a fair trial. Spokespersons for HSI New York and the US attorney’s office for the Southern District of New York declined to comment. Following the release of the video, Combs apologized.
Persons: Sean “ Diddy ” Combs, Combs, Cassie Ventura, ” Combs, HSI, Ventura, CNN’s Lisa Respers Organizations: New, New York CNN, of New, CNN, Department of Homeland Security, Homeland Security Investigations, HSI New, US, Southern, of, DHS Locations: New York, Southern, of New York, Los Angeles, Miami, HSI New York, CNN’s Lisa Respers France
Lisa Jolly pays less for her health insurance thanks to enhanced premium tax credits. The subsidies could expire next year, increasing the costs of health insurance for millions. "When I combine rising grocery costs with rising insurance costs, it just becomes almost unbearable." The subsidies expiration could pose difficulties for millions of AmericansThe results of the November election could determine the fate of the enhanced subsidies. The Congressional Budget Office estimates that 3.8 million people could become uninsured if the enhanced subsidies expire, according to Reuters.
Persons: Lisa Jolly, , Jolly, she's, Jessica, I'm, Jeanne Shaheen, Tammy Baldwin, Lauren Underwood, Cynthia Cox, Cox Organizations: Service, Business, Center, Budget, Jolly, Democratic, Senate, Republican, Congressional Budget Office, KFF, Congressional, Reuters Locations: Steubenville , Ohio, Pittsburgh, Washington
Lisa Marie Presley kept the body of her dead son on ice at home for two months as she struggled to cope with the grief brought by his sudden passing, the family revealed in newly published book. Presley wrote that California has no laws that mandate exactly when a body needs to be buried or otherwise disposed. "My house has a separate casitas bedroom, and I kept Ben Ben in there for two months," according to Presley. She said, 'We’ll bring Ben Ben to you. Presley wrote: "I think it would scare the living f---ing piss out of anybody else to have their son there like that.
Persons: Lisa Marie Presley, Riley Keough, Elvis Presley, Elvis, Benjamin Keough, Keough, Presley, Ben Ben, Benjamin Keough's, , ” Lisa Maria, ” Keough, “ Lisa Marie Presley, I’ve Locations: California, Graceland
REUTERS/Ken CedenoThe U.S. Department of Justice late Tuesday made recommendations for Google's search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy. The DOJ also said it was "considering behavioral and structural remedies that would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants." Kent Walker, Google's president of global affairs, said the company plans to appeal the ruling and highlighted the court's emphasis on the high quality of Google's search products, which the judge also noted in his ruling. In the second quarter, "Google Search & Other" accounted for $48.5 billion in revenue, or 57% of Alphabet's total revenue. The company holds 90% of search market share.
Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman, Kent Walker, Judge Mehta Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, U.S . Department of Justice, DOJ, Google, Apple, & $ Locations: Washington , U.S, U.S
"Modern Hydrogen produces clean hydrogen without renewable power. We can do this because we split apart natural gas into clean hydrogen and solid carbon," said Tony Pan, CEO of Modern Hydrogen. Natural gas is a cleaner fuel than oil, but it still emits harmful carbon dioxide when burned. Clients put the Modern Hydrogen system, which looks like a large box, where they would normally use their natural gas. Modern Hydrogen is backed by Gates Frontier, At One Ventures, National Grid Partners, NextEra Energy, Miura Group and Irongrey.
Persons: Tony Pan, Chris Kroeker, Pan, Lisa Rizzolo Organizations: Monolith, Natural Gas, Gates Frontier, One Ventures, National Grid Partners, NextEra Energy, Miura Group, National, CNBC Locations: Seattle, U.S, Canada, Japan, Long, , New York, New York
CNN —Lyle and Erik Menendez weren’t happy with a recent Netflix project about their lives, but another title from the streamer is giving them an opportunity to have their say. In “The Menendez Brothers,” a new documentary, the two men speak in extended interviews about what happened in the 1989 murder of their parents, Jose and Kitty Menendez, inside the family’s Beverly Hills mansion. According to Lyle Menendez, it “was tremendously painful” when that didn’t happen. They were united in 2018 when he was transferred to the prison in San Diego, California, where Erik Menendez was being held. “The Menendez Brothers” is streaming on Netflix.
Persons: CNN — Lyle, Erik Menendez weren’t, , Kitty Menendez, Menendez, Ryan Murphy’s, Lyle, Erik Menendez, Erik, Alejandro Hartmann, “ Lyle, ” Pamela Bozanich, Rosie O’Donnell, Kim Kardashian, Lyle Menendez, Organizations: CNN, Netflix, , Prosecutors Locations: Beverly, Los Angeles, San Diego , California
Always entering just as the table is being set, Jeffrey presents as the soft-spoken, supportive husband that clearly loves his wife. When Jeffrey asked what he could do to win her back Garten said one thing: go to therapy. "I'd be the wife, responsible for everything domestic, and Jeffrey would be the 'man' who helped occasionally," she writes. "Women everywhere were rethinking their roles and responsibilities," Garten writes. The one Garten and Jeffrey took seems to be more of a "therapeutic separation," she says.
Persons: Ina Garten, Jeffrey ., Jeffrey, Garten, didn't, Lisa Marie Bobby, Bobby Organizations: White, Washington D.C Locations: Westhampton , New York, Washington, Denver
The 10-year Treasury yield was down by over two basis points at 3.998%, while the yield on the 2-year Treasury was 5 basis points lower at 3.949%. U.S. Treasury yields were slightly lower early Tuesday, reversing course after the 10-year hit it highest level in more than two months during the previous session. The 10-year jumped above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaign last month. The 10-year yield was up more than 4 basis points to 4.024%, its highest since early August and a big turnaround from its 2024 low of around 3.58%, reached a little more than a month ago. The yield on the 2-year Treasury was up nearly 6 basis points to 3.989%.
Persons: policymaker Adriana Kugler, , John Melloy, Lisa Kailai Han Organizations: Treasury, U.S, Federal
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Persons: I've, We've, it's, I'm, It's Organizations: Business, Amazon Prime, Deal, Prime, Helix, Stearns, Foster Locations: Siena
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Persons: We're, Dresser, Ashley Caitbrook, Ashley, fryer, Max, Loloi, Loren, LQ, Jonathan Adler Organizations: Business, Deal, Amazon, futon, Morris, Morris & Co Locations: Tallulah
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