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☆ Nvidia shares fall despite earnings beating estimates
▼ + stars: | 2024-08-29 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Nvidia issued market-beating revenue guidance for its fiscal third quarter of $32.5 billion. Nvidia reported July quarter revenue on Wednesday of more than $30 billion, up 122% year on year. Nvidia shares fell on about 6% Thursday, as the company's fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed by a backdrop of increasingly lofty expectations. The pullback in the stock on Thursday also comes after a meteoric rally, with Nvidia's shares rising more than 150% this year to date. The company also announced a $50 billion stock buyback program.

Persons: Colette Kress, Kif Leswing Organizations: Nvidia, Samsung, Taiwan Semiconductor Manufacturing, Blackwell Locations: Nvidia's, Blackwell

☆ A former Nvidia researcher who left the chip giant for academia shares why AI models should be open source and free for all
▼ + stars: | 2024-08-29 | by ( Helen Li | ) www.businessinsider.com time to read: +11 min

AI researcher Anima Anandkumar highlights the role of AI in weather, climate, and medical design. She formerly worked at Nvidia on machine learning research and now spearheads Caltech's AI research. The former Nvidia senior director of AI research and Amazon Web Services alum spent decades working at the forefront of AI algorithms and helped make Nvidia's FourCastNet weather simulator available as open source. I see that as the golden age of open research where even in industry, you could open source, you could publish, you could freely collaborate. To me, my goal to be having a dual appointment was to really enable open research and do that for beneficial tasks.

Persons: —, Anima, Anandkumar, fluidly, I've, ChatGPT, I'm, it's, Gavin Newsom, That's Organizations: Nvidia, Service, Web Services, Caltech, Business, Big, Big Tech, AWS, TED, Gov Locations: Big Tech, California

☆ Nvidia stock could plunge 20% if Big Tech starts to signal this one change, fund manager says
▼ + stars: | 2024-08-29 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Microsoft said June quarter capex rose more than 77% year-on-year to $19 billion. Koren and his firm do not own Nvidia stock. Analysts give Nvidia upside potential of 15.8% on average, according to FactSet data on Thursday. "Nvidia will still take the lion's share of, to our estimates, $700 billion of capex over the next two and a half years. So the outlook should still be strong for Nvidia," Wang told CNBC's "Squawk Box Europe" on Wednesday.

Persons: Josh Koren, CNBC's, Koren, Yang Wang, Wang Organizations: Nvidia, Microsoft, Google, Tech, Musketeer Capital Partners, AMD, Counterpoint Research

☆ Nvidia’s earnings report makes us want to buy more of this industrial stock
▼ + stars: | 2024-08-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Jensen Huang, shouldn't, Huang, Salesforce, Jim, Jim Cramer's, DOV Organizations: CNBC, Nvidia, Dover Locations: Dover

Slowing rate of change in earnings growth There are two important trends to follow in earnings. In the case of Nvidia, earnings are continuing to increase, but the rate of change is decelerating. This earnings report will likely be the final time in this stretch that Nvidia will see triple-digit earnings growth. But the impact has been shrinking – just as the overall Mag 7 impact has been diminishing with second quarter earnings growth broadening out. Last season (Q1), Nvidia was responsible for a little more than one-third of the S & P 500's 8% earnings growth.

Persons: ChatGPT, It's, Wall, Jensen, Josh Brown, Christopher Rolland, I've, you've, Lori Calvasina, it's, Matt Bryson, Nvdia's, Huang, Stifel, Blackwell, Mark Lipacis, NVDA, Hopper, Angelo Zino, Dan Ives, Ives, Brown Organizations: Nvidia, Jensen Huang's, Ritholtz Wealth Management, CNBC, RBC Capital Markets, Microsoft, Meta, Analysts, Nvdia's Blackwell, Blackwell Locations: Susquehanna, Wedbush

☆ Elon Musk’s xAI accused of worsening Memphis smog with unauthorized gas turbines at data center
▼ + stars: | 2024-08-28 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Elon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding to the pollution problem in Memphis, Tennessee, by using natural gas burning turbines at its new data center, and doing so without a permit. The letter notes that xAI "has installed at least 18 gas combustion turbines over the last several months (with more potentially on the way)." The company has been using the turbines to power the facility, but its long-term plan is to use power from the local utility, Memphis Light, Gas and Water and the Tennessee Valley Authority. MLGW told CNBC that it started providing 50 megawatts of power to xAI at the beginning of August.

Persons: Elon Musk, Musk, xAI, MLGW Organizations: Southern Environmental Law Center, Health Department, Environmental Protection Agency, Memphis, Tennessee Valley Authority, CNBC, SpaceX, Google, Microsoft, American Lung Association Locations: Memphis , Tennessee, Shelby County, Memphis, Tennessee, Shelby

☆ Why Cramer advises against running out to buy Nvidia's post-earnings stock dip
▼ + stars: | 2024-08-28 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Jim doesn't see a need to step in first thing Thursday morning and buy the dip. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Quarterly commentary During Nvidia's fiscal second quarter, better-than-expected sales were driven by strength in all key segments, including a Data Center segment revenue record. Regarding China, Kress said, "Data Center revenue in China grew sequentially in Q2 and is a significant contributor to our Data Center revenue. Guidance Taking a closer look at guidance, Nvidia's fiscal third quarter may not have beaten the Street's estimates by the magnitude some were hoping for, but it's far from disappointing.

Persons: Lindy, Triple Lindy, Jensen Huang, Hopper, Blackwell, Jim Cramer, Jim doesn't, Colette Kress, Kress, it's, inferencing, ChatGPT, Cloud prem, Nvidia Isaac, Jim Cramer's, Jim, Andrej Sokolow Organizations: Nvidia, Revenue, Triple, Moore's, Hopper, Blackwell, Amazon Web Services, Google, Enterprise, Devices, Intel, Apple, Data Center, Networking, Management, Data, Centers, Automotive, Siemens, Nvidia Blackwell, Mercedes, Benz, Nvidia Omniverse, CNBC, Getty Locations: China, Boston, Silicon Valley

☆ ETFs that bet solely on Nvidia are booming even in a sleepy summer for Wall Street
▼ + stars: | 2024-08-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

The T-Rex 2X Long Nvidia Daily ETF (NVDX) and Direxion Daily NVDA Bull 2X Shares (NVDU) have also attracted inflows this month and now have more than $1 billion in assets combined. Entering Wednesday, Nvidia was up 159% for the year, and the three leveraged long ETFs had all delivered higher returns. Inverse Nvidia funds also exist, though they have been less popular than their leveraged long counterparts so far. The advent of the single stock funds has come at the same time as the rising demand for short-term options . All three long Nvidia funds have annual expense ratios above 1%.

Persons: Will Rhind, NVDU, there's, Bryan Armour, Scott Acheychek, I've, Acheychek, Rhind, Ed Egilinsky, Egilinsky, Morningstar's Armour, Armour Organizations: Nvidia, North America, Rex Financial Locations: GraniteShares

☆ Nvidia has lots of questions to answer in this week's earnings call on product delays, competition, and China
▼ + stars: | 2024-08-27 | by ( Emma Cosgrove | Helen Li | ) www.businessinsider.com time to read: +7 min

Its next-generation Blackwell chip faces delays, raising questions about supply-chain impacts. As Nvidia prepares to report its second-quarter earnings on Wednesday, some of those questions are still relevant, while some have faded away. Efforts by other companies to build competitive AI chips haven't reached more than a simmer, and the rollout of Nvidia's next-generation Blackwell chip is said to be delayed. The analysts also wrote that revenue from existing products, specifically the H200 and H20 AI chips, could offset any delayed revenue from the Blackwell chip. AdvertisementNvidia's chips are still a must for the most complex AI-computing jobs, as Amazon still purchases chips from Nvidia.

Persons: Blackwell, —, Nvidia's, ChatGPT, China . Blackwell, weren't, Dylan Patel, Morgan Stanley, Dan Morgan, Meta, Mark Zuckerberg, we're, Zuckerberg, Lisa Su, Synovus, Morgan, Jensen Huang Organizations: Nvidia, Service, North Star, Google, Microsoft, JPMorgan, Amazon, AMD, Reuters Locations: China, Synovus

☆ Stocks like Nvidia are table-pounding buys, Bank of America says
▼ + stars: | 2024-08-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

The other stocks include: Ralph Lauren, Yeti, Goldman Sachs, and GE Aerospace. "We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion," he said. Ralph Lauren "A hit down the fairway," analyst Christopher Nardone titled his recent recap of Ralph Lauren earnings. Meanwhile, Ralph Lauren shares are up 20% this year with plenty more room to run. ... We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion.

Persons: Ralph Lauren, Goldman Sachs, Alexander Perry, Perry, Christopher Nardone, Nardone, Ebrahim Poonawala, Goldman, Poonawala Organizations: of America, Nvidia, GE Aerospace, U.S, Goldman, Bank of America, GE, Investment Locations: Europe, China, N.A, North America, N.A .

☆ Here's our behind the scenes debate on whether to trim Best Buy ahead of next week's earnings
▼ + stars: | 2024-08-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We're debating maybe taking some profits into the quarter," Marks said, adding that big-ticket items like appliances aren't selling well right now given the weaker consumer. 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, Stocks, Jerome Powell's dovish Jackson, Powell, Jeff Marks, Evercore, Blackwell, Marks, Jim Cramer's, Jim Organizations: CNBC, Federal, Tech, Nvidia, Broadcom, Devices, Club, AMD

☆ How Google makes custom chips used to train Apple AI models and its own chatbot, Gemini
▼ + stars: | 2024-08-23 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

He's been covering Google's custom cloud chips since they launched in 2015. Google was the first cloud provider to make custom AI chips. Microsoft 's first custom AI chip, Maia, wasn't announced until the end of 2023. But being first in AI chips hasn't translated to a top spot in the overall rat race of generative AI. Google TPUs still dominate among custom cloud AI accelerators, with 58% of the market share, according to The Futurum Group.

Persons: Google's, Daniel Newman, He's, Maia, wasn't, Gemini, OpenAI's ChatGPT, Newman, Amin Vahdat, Marc Ganley, Vahdat, they've, Stacy Rasgon, Rasgon, it's Organizations: Google, Apple, Apple Intelligence, Nvidia, Futurum, Amazon Web Services, Microsoft, CNBC, Systems, Unit, Bernstein Research, Broadcom, TSMC, Trillium, Taiwan Semiconductor Manufacturing Company, Intel, Samsung Locations: Mountain View , California, China, Taiwan, U.S

☆ Nvidia will be in the spotlight next week as Wall Street wraps up a tumultuous August
▼ + stars: | 2024-08-23 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

NVDA YTD mountain Nvidia Wall Street is bullish heading into Nvidia's earnings results next week, figuring any hiccups to its next generation AI chips does little to dim the earnings potential of a company that essentially has a monopoly on the market. Economists polled by FactSet anticipate PCE to show increases of 0.2% month on month and 2.6% from the year-earlier period. Wall Street anticipates that stocks could go higher from here, though the road from now to the end of the year could be bumpy. Other notable earnings results include tech names Salesforce and CrowdStrike, as well as consumer names such as Campbell Soup, Dollar General and Ulta Beauty. Earnings: Nvidia , Bath & Body Works , J. M. Smucker , Salesforce , CrowdStrike , NetApp , HP Thursday Aug. 29 8:30 a.m.

Persons: Nvidia's, chipmaker, they've, Harsh Kumar, Piper Sandler, Blackwell, Jensen Huang, Jim Cramer, Kumar, Louis Navellier, Jerome Powell, Jackson, Powell, FactSet, David Miller, Miller, Kamala Harris, Donald Trump, He's, Campbell, Lululemon Organizations: Nvidia, Blackwell, Navellier, Associates, Federal Reserve, PCE, Nasdaq, Dow Jones, U.S, Catalyst Funds, Ulta, Dallas Fed, Richmond Fed, Body, HP, Autodesk, PCE Deflator, Chicago PMI Locations: Russia, Ukraine, Chicago, Michigan

☆ Traders are confident Nvidia stock will rise after earnings, according to options market
▼ + stars: | 2024-08-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Wall Street traders think next week's earnings report from Nvidia is likely to give the chip stock another boost, according to one interpretation of options market pricing. A Piper Sandler research note on Thursday from Benson Durham and Melissa Turner said short-term options on Nvidia look expensive, but that high cost is tilted toward options that serve as bets the stock will rise. So, expensive NVDA options in general don't connote very much investor angst heading into the release," the Piper Sandler report said. The market optimism about Nvidia extends beyond the immediate period after the earnings report, according to Piper Sandler. The Piper Sandler researchers did not take a fundamental position on Nvidia's earnings report.

Persons: Piper Sandler, Benson Durham, Melissa Turner Organizations: Nvidia, Apple, Microsoft

☆ Is Nvidia's earnings report really make or break? Here's why we don't think so
▼ + stars: | 2024-08-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While expectations are high and caution is certainly warranted, we don't think it's quite that simple. While the Oscillator and Williams' work do point to possible selling pressure ahead, we don't want to get too bearish. However, we don't think the risks are so elevated as to warrant more than a small cash raise. We still view Nvidia as an "own it, don't trade it" stock, but we also don't keep our heads in the sand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Larry Williams, Williams, Jim, Estee Lauder, Morgan Stanley, hasn't, they've, We're, Jim Cramer's, Dominika Organizations: Nvidia, Club, Abbott Laboratories, Federal, Blackwell, Apple, Microsoft, Super Six, Jim Cramer's Charitable, CNBC, Nurphoto, Getty Locations: Williams

☆ Intel has hired Morgan Stanley, other advisers for activist defense
▼ + stars: | 2024-08-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn around the struggling chipmaker. While Intel has faced activist pressure in the past, no new campaign has been formally launched and it isn't clear if an activist investor has been in contact with the company's board. Morgan Stanley has previously worked with Intel, including in the company's 2022 spinoff of Mobileye . The sources with knowledge of Morgan Stanley's latest involvement asked not to be named due to confidentiality. Representatives for Intel and Morgan Stanley declined to comment.

Persons: Morgan Stanley, Pat Gelsinger, Morgan Stanley's, it's, Dan Loeb's, Frank Yeary, Camberview, Tan, — CNBC's Alex Sherman, Kif Leswing Organizations: Intel, Nvidia, Devices, Broadcom, Qualcomm, Texas, Wall

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Google's chip lab, where it makes custom silicon to train Gemini and Apple AI modelsGoogle was the first cloud provider to make its own custom AI chips, called TPUs, when they first came out in 2015 - a trend both Amazon and Microsoft followed years later. Now, Apple has revealed it uses TPUs to train its AI models, positioning Google chips as an alternative to Nvidia's market-leading GPUs. CNBC got an exclusive look inside the lab where Google makes its chips, where its top executive showcased TPU Version 6, and its new Arm-based CPU, Axion, both coming out later in 2024.

Persons: Apple Organizations: Gemini, Apple, Google, Microsoft, CNBC

☆ Ives: The most important week of the year will be next week with Nvidia's earnings
▼ + stars: | 2024-08-23 | 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 EmailIves: The most important week of the year will be next week with Nvidia's earningsWedbush's Dan Ives discusses whether Nvidia will continue to live up to the market's lofty expectations and the AI hype.

Persons: Dan Ives Organizations: Ives, Nvidia

☆ China's Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions
▼ + stars: | 2024-08-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

Chinese technology giant Huawei is set to challenge Nvidia with a new artificial intelligence chip amid U.S. sanctions that had sought to curb the Chinese tech giant's technological progress, according to a Wall Street Journal report. U.S. regulators in 2022 had slapped restrictions on Nvidia to stop the firm from selling AI chips, including the H100, in China, citing national security concerns. Huawei has been at the center of U.S. sanctions aimed at securing U.S. networks and supply chains. Huawei was then placed on a U.S. trade blacklist in 2019, which banned U.S. firms from selling technology — including 5G chips — to the Chinese tech giant. In 2020, the U.S. tightened chip restrictions on Huawei, requiring foreign manufacturers using American chipmaking equipment to obtain a license to sell semiconductors to Huawei.

Organizations: Huawei, IFA, Nvidia, Wall, Nvidia's, Baidu, China Mobile, Apple, U.S, Intel, Qualcomm Locations: BERLIN, GERMANY, U.S, China

☆ How Analyst Dylan Patel gets inside Nvidia to make connections from the semiconductor industry to the tech it enables
▼ + stars: | 2024-08-14 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. SemiAnalysis gets deep into the weeds on graphics processing units, from the base of the supply chain to the end-users building the AI models that require so many specialized chips. AdvertisementThe team consists of people across the entire supply chain, geographically and technically. So we have the entire view of the supply chain, from manufacturing, up to models. The other place I like to look a lot is random suppliers that are very small in niche parts of the supply chain, or suppliers of suppliers.

Persons: —, Jensen Huang isn't, Dylan Patel, SemiAnalysis, Sam Altman, Patel, Sundar, Altman, Blackwell, Nvidia's, They've, they're Organizations: Service, intel, Google, Business, BI, Nvidia, Microsoft, AMD, Meta Locations: US, Japan, Singapore, Taiwan, France

☆ How to determine if this comeback rally is for real, according to the charts
▼ + stars: | 2024-08-13 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Stocks have made a nice comeback after testing support last week in the wake of a violent summer swoon tied to the yen carry trade. I run four equity portfolios at Inside Edge Capital, the most actively managed is appropriately named "Active Opps." In this article I'll cover the technical formation of the resistance zone as well as the option hedge we're using. If this is an ill-fated rally, or a so-called bear market rally, my bet is it will fail around this zone. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Nvidia's, Todd Gordon Organizations: Edge, Nasdaq, Inside Edge, CNBC, NBC UNIVERSAL

☆ Podcast: Japan's quest for the most powerful microchip leads semiconductor revival
▼ + stars: | 2024-08-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

At the end of [the] 1980s, Japanese companies accounted for like 51% of the global semiconductor market. So by doing this ... one thing undercut Japanese semiconductor chip makers' competitiveness in the global market. Another thing [is] that [it] forced open [the] Japanese semiconductor market to foreign players, and this creates opportunity for the U.S., South Korea and Taiwan. And Japanese companies are trying to both develop their own capacity but also attract phone companies to establish fabs there. So by collaborating with international companies, Japanese companies can leverage their existing technology and manufacturing techniques to expand their global share as well.

Persons: Tom Chitty, Fei Xue, Tom Chitty Well, Arjun, Kharpal Fei, Reagan, Arjun Kharpal, Fei, it's, TSMC, Fei Xue Yes, Rapidus, Arjun Kharpal Fei, they're, there's, ASML, you've, He'd, Tom Chitty Fei, Arjun Arjun Kharpal, Tom, Tom Chitty We'll Organizations: TSMC, Rapidus Corporation, Samsung, Economist Intelligence Unit, Economist Intelligence, The Economist, Economist, East, International Relations, U.S, U.S ., Taiwan Semiconductor Manufacturing, IBM, Apple, EV, Japan, Nvidia, Micron, Sony, Nintendo, Canon, South, Samsung Electronics, Tokyo, Screen Holdings Locations: Japan, Taiwan, U.S, Netherlands, Tokyo, beyondthevalley@cnbc.com, East Asia, Fei Xue Japan, South Korea, Japan's, Kyushu, Kumamoto Prefecture, TSMC, That's, China, Kumamoto

☆ Jim Cramer: What Starbucks shareholders should do after 20% stock pop on CEO change
▼ + stars: | 2024-08-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. There were many Wall Street upgrades of Starbucks stock following the change. Jim Cramer said he's happy about the switch and remains committed to Starbucks shares. 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, Morgan, Laxman Narasimhan, He's, Brian Niccol, he's, Jim, Mizuho, Morgan Stanley, Palo, Jim Cramer's Organizations: CNBC, Federal Reserve, Nasdaq, Tuesday's PPI, Nvidia, Starbucks, Palo Alto Networks Locations: Palo Alto

☆ 4 reasons why Wall Street's anxiety over excessive AI spending boom is 'premature,' Bank of America says
▼ + stars: | 2024-08-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America offered four reasons why investors are worrying too much about high AI spending. Investors can look forward to fresh catalysts ahead, such as Nvidia's upcoming Blackwell AI product, the bank said. Second, AI spending is focused on more than just creating new revenue streams. For instance, these expenditures help tech firms maintain social or e-commerce dominance, or protect their reign over the online search sector. "Concerns about the return on investment (ROI) on high AI capex is valid but premature and inconclusive in our view," the bank wrote.

Persons: —, Goldman Sachs Organizations: of America, Blackwell, Service, Bank of America, 5G, Nvidia, Meta, Microsoft, Apple

☆ Wolfe's Chris Caso talks downgrading Qualcomm
▼ + stars: | 2024-08-12 | 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 EmailWolfe's Chris Caso talks downgrading QualcommChris Caso, Wolfe Research managing director, joins 'Closing Bell Overtime' to talk downgrading Qualcomm, Nvidia's shares surging and more.

Persons: Chris Caso, Qualcomm Chris Caso Organizations: Qualcomm, Wolfe Research

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