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☆ Jim Cramer's big takeaway from the market reaction to Nvidia's earnings beat
▼ + stars: | 2024-11-21 | by ( Kevin Stankiewicz | ) 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. Nvidia's "biggest problem is allocation," Jim Cramer said, referring to the supply crunch for its next-gen Blackwell chips. 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, Blackwell, Jim, there's, Deere, There's, Stocks, Jim Cramer's, PANW, DOV Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Club, Deere, Palo Alto Networks, Palo, Blackwell, Electrical, Eaton, BJ's Wholesale Locations: Palo Alto, Dover

President-elect Donald Trump Wednesday named former Acting Attorney General Matt Whitaker as his pick for the next ambassador to the North Atlantic Treaty Organization (NATO), a key alliance that Trump derided for years. He served just three months in the position until Bill Barr was confirmed as attorney general. Before becoming acting attorney general, Whitaker served as chief of staff to Sessions when he was attorney general. Trump has long criticized NATO, accusing European allies of not contributing enough toward defense spending. In February, Hillary Clinton warned that Trump would seek to withdraw the U.S. from NATO if he were to be re-elected.

Persons: Donald Trump, Matt Whitaker, Trump, Matt, Whitaker doesn't, Whitaker, Jeff Sessions, Bill Barr, George W, Bush, Ursula von der Leyen, Hillary Clinton, JD Vance, Putin Organizations: Donald Trump Wednesday, Atlantic Treaty Organization, NATO, Patriot, NATO Allies, AMERICA, Justice Department, Trump, Twitter, Sessions, Southern, Southern District of, Center of Law & Justice, Policy Institute, Union, NBC, Fox News, Fox Business, Ukrainian, U.S Locations: States, Southern District, Southern District of Iowa, Russia, Europe, Ukraine, U.S, Poland

VIENTIANE, Laos — Women and racial diversity are vital to the strength of U.S. armed forces, outgoing Defense Secretary Lloyd Austin said in an exclusive interview with NBC News as he prepares to shortly exit the top military post after four years. “I would tell you that, you know, our women are the finest troops in the world. Our military is going to remain a diverse military," Austin said. Austin did not weigh in on what he thinks about Trump's choice of Hegseth to lead the Department of Defense. Austin, a four-star general who was previously commander of U.S. Central Command, was appointed as Secretary of Defense by President Joe Biden and was sworn in on Jan. 22, 2021.

Persons: Lloyd Austin, “, ” Austin, Donald Trump’s, Pete Hegseth, Hegseth, ”, Austin, Trump, Biden, Vladimir Putin, —, we've, Joe Biden, Lester Holt Organizations: NBC News, Defense, Army National Guard, Pentagon, Senate, Republicans, Department of Defense, ., Korean, U.S . Central Command, NBC Locations: VIENTIANE, Laos, Iraq, Afghanistan, United States, Ukraine, Russia, U.S, Russia's Kursk, Jan

☆ We're changing our price target on TJX despite the retailer's light guidance
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +6 min

We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.

Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, —, Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida

☆ Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"

Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, —, Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York

☆ CNBC anchors and insiders worry about their futures as Comcast looks to unload the network
▼ + stars: | 2024-11-20 | by ( Lucia Moses | Madeline Berg | ) www.businessinsider.com time to read: +4 min

AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.

Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London

☆ No. 1 skill you need to run a money-making side hustle: ‘A gigantic portion of’ your success depends on it, says expert
▼ + stars: | 2024-11-20 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

More than a third of all U.S. adults have a side hustle, recent data shows. The people who make the most money have something in common: lots of emotional intelligence. "A gigantic portion of [side hustle] work involves emotional intelligence pretty heavily," says M.K., who ran Austin-based customer experience consulting firm The Heart Company for eight years before joining Indeed. The more you understand what other people need in their lives, the more you can build your product or service to be a useful solution, he notes. "I think [emotional intelligence] is going to be a big pillar of the future of work, especially with AI taking care of a lot of operational things," M.K.

Persons: Kyle M.K, they'll Organizations: The Heart Company Locations: Austin

☆ Morgan Stanley lets employees pitch AI uses. Here's how the firm puts those ideas into practice.
▼ + stars: | 2024-11-20 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

McMillan encourages employees to pitch new AI solutions. AdvertisementAs part of his role, McMillan co-chairs an AI steering group formalized earlier this year, with Global Director of Research Katy Huberty. Related storiesInside the 8-step processAlthough pitching AI solutions is open to anyone at the firm, there is some leg work involved. AdvertisementThe AI steering group meets every other week to listen to the pitches, usually going through five or six proposals. Every other week, the AI steering committee meets to review the status of these projects.

Persons: Jeff McMillan, Morgan Stanley's, Morgan Stanley, McMillan, who's, he's, Research Katy Huberty, AskResearch, you've Organizations: ChatGPT, Global, Research, Workers

☆ Denzel Washington, 69, says he's staying sober and working out more now that he's getting older
▼ + stars: | 2024-11-20 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

AdvertisementDenzel Washington is approaching 70, and he's taking steps to ensure that he ages well. For instance, he's almost 10 years sober and has started working out with a trainer, he told Esquire. Denzel Washington, 69, knows he's not getting any younger, so he's choosing to prioritize his health. I stopped at 60 and I haven't had a thimble's worth since," Washington told Esquire. I feel like I'm getting strong.

Persons: Washington, Denzel Washington, he's, Esquire, —, haven't, Wine, Lenny Kravitz, there's, Alyson van Raalte Organizations: Denzel Washington, Academy, CDC, Washington, Business

☆ Nvidia's earnings cleared our lofty bar. Here’s our new price target on the AI chip king
▼ + stars: | 2024-11-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Now, as we start this next generation, we'll be seeing models run on 100,000 Blackwell chips — and scaling is still in effect. Huang's argument is that going beyond 100,000 Blackwell chips will yield even more capable models. It's a fair question to ask because Nvidia's stock has historically taken a pretty big hit when its customers – such as cloud-computing providers – start uttering that phrase.

Persons: That's, Nvidia's, Blackwell, Colette Kress, Hopper, Kress, Jensen Huang, Huang, there's, Jim Cramer's, Jim Cramer, Jim, Akio Kon Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Hopper, Blackwell, Microsoft, Meta, CNBC, Nvidia Corp, Summit Japan, Bloomberg, Getty Locations: U.S, Tokyo, Japan

☆ Nvidia's answers to these 3 questions will impact where the red-hot stock goes next
▼ + stars: | 2024-11-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"There's two things you need to know about Nvidia," Jim continued. Here's a closer look at a few key questions surrounding Nvidia's fiscal 2025 third-quarter report and the subsequent conference call at 5 p.m. Nvidia's triple-digit revenue growth in recent quarters is widely expected to moderate due to the law of large numbers. 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.

Persons: you've, ChatGPT, Jim Cramer, Jim, there's, Blackwell, Jensen, Blackwell pushouts, we're, We're, we've, Hopper, —, Gross, Huang, Colette Kress, Nvidia, Kress, Jim Cramer's, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, AMD, Blackwell, Analysts, Truist Securities, Bank of America, Susquehanna, Microsoft, Meta, Sovereign, Evercore, Enterprise, CNBC, AFP, Getty Locations: CQ4, Japan, Indonesia, India, Denmark, Taipei

☆ Cleveland launches formal bid for a WNBA team
▼ + stars: | 2024-11-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Dan Gilbert Cleveland Cavaliers owner talks during a press conference introducing new head coach John Beilein at Cleveland Clinic Courts on May 21, 2019 in Independence, Ohio. Dan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio. Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on Wednesday that it intends to submit a proposal for a WNBA expansion team. The Cavs also have an existing practice facility in Independence, Ohio, which they said could be ready-made for a WNBA team. The Cleveland Cavs are off to their best start in history, currently sitting in first place in the Eastern Conference with a 15-1 record.

Persons: Dan Gilbert Cleveland, John Beilein, Dan Gilbert, Cathy Engelbert, Nic Barlage, Barlage, Cleveland, David Gilbert, that's, Engelbert, We're, Allen, Gilbert Organizations: Dan Gilbert Cleveland Cavaliers, Cleveland Clinic Courts, Cleveland Cavaliers, WNBA, Rock Entertainment Group, CNBC, NBA's Cavaliers, NFL's Browns, MLB's, American Hockey, Cleveland Clinic, Center, Cleveland Sports Commission, Eastern Conference, Golden State, Fortune, Allen & Company, Company Locations: Independence , Ohio, Northeast Ohio, Cleveland, Ohio, Denver, Miami, Milwaukee, St, Louis, Philadelphia, Toronto, Portland , Oregon

☆ Tech founder who spends half of each week away from his wife and daughter: "I often feel very sorry and guilty"
▼ + stars: | 2024-11-20 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

AdvertisementAlex Li lives in Dover, Delaware, which is 55 miles from where his wife and daughter reside. As a 34-year-old founder, husband, and dad, Alex Li is away from his family more than he'd like to be. Related storiesMen should take on more family responsibilities, Li saidSome of Li's male friends didn't understand why he felt guilty. AdvertisementIf his wife needs a break, Li's daughter stays with him in Dover while his wife takes a vacation. "My daughter was incredibly excited since it had been years since we traveled together as a family," Li recalled.

Persons: Alex Li, Li, Li's, he'd, he's, He's, he'll, Jane Zhang Organizations: Universal Studios Singapore, Universal Locations: Dover , Delaware, Wilmington , Delaware, Dover, Texas, Wilmington, Spain

☆ A tech founder who lives an hour away from his wife and daughter shares how he overcomes the guilt of not being home
▼ + stars: | 2024-11-20 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

AdvertisementAlex Li lives in Dover, Delaware, which is 55 miles from where his wife and daughter reside. Spending time away from his family so that he could work on his startup has led to guilt and regret. As a 34-year-old founder, husband, and dad, Alex Li is away from his family more than he'd like to be. AdvertisementIf his wife needs a break, Li's daughter stays with him in Dover while his wife takes a vacation. "My daughter was incredibly excited since it had been years since we traveled together as a family," Li recalled.

☆ Why UnitedHealthcare has reimagined routine health visits — by bringing them to the kitchen table
▼ + stars: | 2024-11-20 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +7 min

HouseCalls provides home visits for UnitedHealthcare Medicare Advantage members where advanced practice clinicians spend 45 minutes to an hour assessing health and social needs. How can health care be provided in a truly integrated, holistic way, addressing not just the patient's physical health concerns but also their behavioral health needs and the social drivers of health? In-depth visits, in-depth insightsA HouseCalls visit is quite different from a clinical appointment in a doctor's office. While the majority of HouseCalls visits focus on general health and wellbeing and address common health concerns in older adults such as high blood pressure, they occasionally take a more dramatic turn and lead to life-saving health care interventions. Learn more about how UnitedHealthcare's HouseCalls can help improve health outcomes by bringing care to patients' doorsteps.

Persons: HouseCalls, Alexander Billioux, Billioux, Susan Sanner, Sanner, — Organizations: UnitedHealthcare, Insider Studios, 2Optum, Income Group Locations: Atlanta

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ I became a millionaire at 28 but it took me a long time to find joy in my financial security
▼ + stars: | 2024-11-20 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

She wants her two daughters to break a family cycle and find joy in spending. Even when I immigrated to the US, I couldn't leave my family's money trauma behind. Calling myself a millionaire still feels very strangeThrough careful savings, planning, and good real estate moves, I was a millionaire by the time I turned 28. Now, I focus on the value of the things I'm spending on. I've been thinking about it since before they were born because I wanted to break my family's cycle of passing generational money trauma.

Persons: Hazel Secco, I'd, I've, I'm Organizations: Financial, Disney Locations: Korea, Manhattan

☆ This lithium stock is an under-the-radar turnaround story, according to the charts
▼ + stars: | 2024-11-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

On the day that Nvidia is reporting earnings post-close, there isn't much attention on anything else, especially not chemical companies. There's no use in trying to bottom fish a stock that continues to make new lows… until it actually shows a marked change of character. If the stock can, in fact, see an upside follow through soon, then the measured move target would be up at $138. Past performance is no guarantee of future results, but patterns have the tendency to repeat – both over the short-term and long-term. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, ALB Organizations: Nvidia, CNBC, NBC UNIVERSAL Locations: Albemarle, ALB

☆ I'm the CEO of an American-made electronics manufacturer. Here's how I'm preparing for new tariffs.
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Karla Trotman, President and CEO of Electro Soft Inc., a US specialty electronics manufacturer in Pennsylvania. My dad and I worked together, and in 2020, I bought them out, so now I'm the owner, president, and CEO. We're still feeling the reverberation from the last round of tariffs, so they never really went away in our industry. Tariff proponents seem to think that enforcing them will cause stateside manufacturing to somehow jump up and be prosperous, but it doesn't really work that way. We really need to understand where our partners are headed so we can flex to meet whatever demand is going to come down the pike.

Persons: Donald Trump's, Karla Trotman, We're, Trump, I'm, we're Organizations: Electro Soft Inc, Ikea, Southeastern Pennsylvania Manufacturing Alliance Locations: Pennsylvania, Asia, Taiwan, China

☆ Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. Bottom line Palo Alto Networks is off to a strong start to its fiscal year 2025. Palo Alto Networks passed through the fiscal first-quarter earnings beat into its full-year fiscal 2025 outlook. NGS ARR includes revenue for Palo Alto Network's Prisma, Cortex, QRadar, and certain cloud-delivered security services. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.

Persons: Platformization, We're, Palo, Nikesh Arora, Arora, Jim Cramer, SASE, billings, Jim Cramer's, Jim, Astrid Stawiarz Organizations: Palo Alto Networks, Palo, LSEG, Palo Alto, Alto Networks, Cisco Systems, cybersecurity, Street, Management, CNBC, TEC Summit Locations: Palo, platformization, Palo Alto, New York City

☆ Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.

Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft

☆ We're making another trim of a stock under pressure to protect hard-fought profits
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We're selling 165 shares of Best Buy at roughly $86 each. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 600 shares of BBY, decreasing its weighting to about 1.5% from 1.9%. BBY YTD mountain Best Buy YTD On Wednesday, however, we're selling some Best Buy shares for another reason: discipline. But we have to acknowledge that Best Buy competes with the big three on electronics. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Donald Trump, There's, Jim Cramer, Jim Organizations: Federal Reserve, Walmart, Amazon, Costco —, TJX Companies, CNBC Locations: BBY, Williams, Sonoma

☆ Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031
▼ + stars: | 2024-11-20 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean, officially becoming the sixth ship in the company's lineup. The cruise ship Disney Treasure. A guest room on the Disney Treasure cruise ship. Worlds of Marvel, a restaurant on Disney's cruise ship Treasure that was inspired by the Marvel Cinematic Universe. Jumbeaux's Sweets, inspired by the ice cream parlor in Disney's "Zootopia," is a gelato and sweets shop on Disney's Treasure cruise ship.

Persons: Minnie, hadn't, Thomas Mazloum, Gavin Doyle, Doyle, —, Coco, Jumbeaux's Sweets, Jumbeaux's, I've, we've, There's Organizations: Disney, Disney Destiny, Oriental Land Company, Disney Cruise, Disney Disney, Royal, Cruise, de Coco, Mariachi Plaza, Pixar, Marvel, Walt Disney Animation Studios, Steakhouse, Skipper, Skipper Society, Cruise Lines International Association, Disney's Oceaneer, Walt Disney Theatre, Lucasfilm Locations: Port Canaveral , Florida, Caribbean, Japan, Royal Caribbean

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Microsoft, Robinhood, Amazon, Dell, Chewy & more
▼ + stars: | 2024-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "We see more upside potential and are moving up our target price to $51 from $30. Pivotal reiterates Netflix as buy Pivotal raised its price target on Netflix to a Street high $1,100 from $925. Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by the stock following the company's Ignite Conference in Chicago on Tuesday. Citi downgrades Target to neutral from buy The firm downgraded the stock following earnings on Wednesday morning and says it's losing share.

Persons: NVDA, hasn't, Bernstein, Robinhood, HOOD, Tyson, Paul, Apple, Goldman Sachs, Goldman, Piper Sandler, Piper, Morgan Stanley, it's, DELL, qtr, Guggenheim, Oppenheimer, JPMorgan Chase, Cava Organizations: Nvidia, Deutsche Bank, Gaming, Leisure Properties, Deutsche, Netflix, Bank of America, Walmart, Microsoft, Adobe, JPMorgan, Dell, of America, Underperform, Trump, Barclays, Newell Brands, Citi, Target, TGT, HSBC Locations: Chicago

☆ Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
▼ + stars: | 2024-11-20 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Those hopes fall on Blackwell, which is Nvidia's name for a family of server products based around its next-generation AI chip. Some of Nvidia's most important end-customers have already received some Blackwell chips, the company confirmed on Wednesday. "We will we'll ship more Blackwells next quarter than this [quarter], and we'll ship more Blackwells the quarter after that than than our first quarter," Huang said. A limiting factor to producing more Blackwell systems is the amount of components that Nvidia's suppliers can provide, Huang said. As Blackwell rolls out, Nvidia's current AI chips, which it calls Hopper, will be relegated to serving AI models, not creating new ones.

Persons: Jensen Huang, Colette Kress, Blackwell, Huang, OpenAI, Hopper, Chris Rolland Organizations: NVIDIA, Center, Blackwell, Nvidia, Microsoft, Oracle, SK Hynix, Micron, Amazon Locations: Washington , DC, Nvidia's, Vertiv

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