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☆ President Biden's reelection campaign is on its last legs as Democrats' fears extend beyond losing just the White House
▼ + stars: | 2024-07-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Biden's comeback plan isn't working , and Democratic leaders are ready to move on . President Joe Biden's reelection campaign appears to be on its last legs as calls within his party have grown from whispers to shouts since his disastrous debate last month. AdvertisementBut perhaps the biggest blow to Biden's reelection campaign came with the news that his former running mate has doubts. But for some Democrats, the risk of Biden continuing his reelection campaign could extend from the White House to Capitol Hill. Still, despite mounting pressure, Biden's campaign has remained steadfast about his reelection bid.

Persons: —, Biden's, Mario Tama, Tyler Le, Joe Biden's, it's, Insider's Brent D, Griffiths, Sen, Bernie Sanders, Biden, doesn't, That's, BI's Bryan Metzger, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Sarah Gray, Kelsey Vlamis, Barack Obama, Kent Nishimura, don't, Schumer, Jeffries, Adam Schiff, Quentin Fulks, Cros, Steve Schwarzman, it'll, Michael M, Jensen, Goldman Sachs, Peter Naylor, Amy Reinhard, Jamie Dimon's, cushy, Ernst & Young, Joe Biden, Kamala Harris, It's, Harris, Harvey Weinstein, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, American Airlines, United Airlines, Democratic, Business, Getty, Trump, Biden, Capitol, Case, Senate, Wall, Google, Bank of America, Blackstone, Nvidia, Netflix, EV, Mercedes, Benz, Warner Bros Discovery, Warner Bros, Discovery, WarnerMedia, Investors, JPMorgan, McKinsey, Ernst, American Express, Convention Locations: Crowdstrike, Biden's, AFP, New York, London

☆ Goldman's global head of equity research shares 2 fundamental issues with the AI craze — and how to prepare for a bubble pop
▼ + stars: | 2024-07-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +10 min

And to him, AI doesn't exhibit the signs of a truly groundbreaking innovation like the ones he's seen before. AdvertisementAI comes with a trillion-dollar price tagIt's no secret that AI technology isn't cheap. Advertisement"A lot of people say, 'Well, we'll be able to replace call centers with AI,'" Covello said. However, once it encounters unfamiliar situations outside its training set, AI doesn't have the ability to reason like humans do. If AI doesn't actually have the ability to conduct higher-order reasoning, it won't leave a trillion-dollar impact on the economy.

Persons: —, Goldman Sachs's Jim Covello, Covello, Goldman Sachs, it's, buildout, we'll, Tesla, who've Organizations: Service, Business, Investors, Nvidia, Amazon, CVS, Big Tech Locations: Netherlands

☆ Quant prop-trading firm Hudson River Trading hopes to supercharge its trading power by partnering with Google Cloud
▼ + stars: | 2024-07-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

New York-based Hudson River Trading is best known for its market-making capabilities. Hudson River Trading winning any trade over its competitors, like Citadel Securities, Virtu, and Jane Street, comes down to its pricing engine. To help it get there, Hudson River Trading turned to Google Cloud, where its quants have been conducting their research for several months without the constraints of an on-premise environment. "Google Cloud allows us to do that without limits to computing power." Advertisement"In other words, what I'm saying is that we need to predict the future of the stock market," Dunning said.

Persons: —, Jane Street, Iain Dunning, Kevin Lee, Dunning, Ken Griffin's, Italo Brito, Brito Organizations: Service, Hudson, Hudson River Trading, Citadel Securities, Virtu, Business, Trading, Google, Nvidia, HRT, Sigma Locations: New York, Hudson

☆ Investors can expect a huge reveal on Nvidia's upcoming earnings call that could silence AI critics, Goldman Sachs says
▼ + stars: | 2024-07-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia plans to reveal examples of how its end-customers are making money on AI chips, according to Goldman Sachs. Goldman Sachs expects Nvidia to once again beat earnings estimates when it reports in late August. That's according to a Monday note from Goldman Sachs, which details key takeaways from a recent meeting with Nvidia CFO Colette Kress. AdvertisementHowever, according to Goldman Sachs, Kress said that Nvidia plans to highlight the profits its end-users are generating from the growing use of its AI-enabled GPU chips. Overall, Goldman Sachs said it is confident Nvidia will deliver a positive earnings surprise that leads to positive EPS revisions when it reports results next month.

Persons: Goldman Sachs, —, That's, Colette Kress, Kress, Blackwell Organizations: Nvidia, Service, Bank of America, Meta, Blackwell, Goldman, Software Locations: FY4Q

☆ Nvidia rebounds after TSMC says AI chip demand remains strong
▼ + stars: | 2024-07-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia's rise came after TSMC said on Thursday that demand remains high and supply remains constrained for high-end AI chips, which TSMC manufactures for Nvidia. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. On Wednesday, the semiconductor sector had its worst day since 2020, with big drops from AMD , Arm , Broadcom and Qualcomm alongside Nvidia. A Chinese invasion would throw Nvidia's chip supply into question. Nvidia stock is up more than 150% so far in 2024.

Persons: Jensen Huang, Donald Trump, TSMC, Wei, C.C, Laura Chen, chipmakers, Biden Organizations: Nvidia, SAP Center, AMD, Broadcom, Qualcomm, Citi, Micro, Intel, OpenAI, Bloomberg, UBS Locations: San Jose , California, Taiwan, Arizona, China, Dutch

☆ AMD's AI head explains how it's tackling Nvidia's 'lock-in' and the AI chip shortage
▼ + stars: | 2024-07-17 | by ( Helen Li | ) www.businessinsider.com time to read: +1 min

An AMD executive said the firm embraces open source to tackle GPU shortages and challenge Nvidia. Nvidia controls over 70% of the AI chip market, leveraging its closed CUDA software. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn AMD executive said his company is taking an open-source approach as it challenges Nvidia in the chip wars.

Persons: —, Ramine Roane Organizations: AMD, Nvidia, Meta, Microsoft, Service, Momentum, Mizuho Securities, Google, Business Locations: San Jose , California

You can grab some of the best deals of the year on gaming laptops from Alienware, Asus, and MSI. View at AmazonThe best Prime Day Apple MacBook dealsIf you're looking to buy any of Apple's MacBook laptops, now would be the time to do it. Apple's M3 MacBook Air offers the best bang for the buck for most people with fantastic performance and quality. Most people don't need the M3 Pro or M3 Max models, unless you want them for graphically intensive work. For gaming, even though Apple has made great strides in gaming performance, there's realistically only one option — a Windows gaming machine.

Persons: it's, Apple Organizations: Business, Asus, Max, Samsung, HP, Dell, Acer, Google, Amazon, MSI, Apple MacBook, Air, MacBook, Apple, MacBook Air, Intel, AMD, AAA, Amazon Prime

☆ The CEO of Cerebras, which could go public soon, takes on Nvidia in a David and Goliath battle for AI chip supremacy
▼ + stars: | 2024-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Few would envy the task of competing against market leader Nvidia, which has between 70% and 90% market share, according to Mizuho Securities. Still, Nvidia gets most of the hype — and the revenue. Though the company will not confirm it, The Information reported last month that Cerebras has confidentially filed for an IPO. Still, Feldman expects that even consumer-directed AI models will grow larger, and larger models need faster chips. Competing with that mindshare is an uphill battle as Nvidia faces more competition and goes on defense.

Persons: —, Andrew Feldman, I'm, Feldman, Cerebras, David, He's, Cerebras's, Ramsey Cardy Cerebras, Susan Organizations: Service, Palo, Nvidia, Mizuho Securities, Business, Big Tech, Intel, Google, AMD, GSK, AstraZeneca, IBM, Eclipse Ventures Locations: California, Palo Alto , California, It's

☆ Monday's analyst calls: Apple upgraded on AI push, Nvidia price target increased
▼ + stars: | 2024-07-15 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Loop Capital upgraded Apple to buy from hold and TD Cowen increased its price target on Nvidia to $165 per shares. The analyst initiated coverage of Datadog on Monday with an outperform rating, alongside a $150 per share price target. The analyst downgraded the bank stock to neutral from buy, but stood by his $65 per share price target. Donovan upgraded the iPhone maker to buy from hold on Monday, and increased his price target to $300 per share from $180. The analyst upped his price target on the AI darling to $165 per share from $140 and reiterated his buy rating.

Persons: Cowen, Morgan Stanley, DDOG, Kirk Materne, skews, Materne, — Brian Evans, Keith Horowitz, John Donovan, Donovan, TD Cowen, Blackwell, Hopper, Matthew Ramsay, Ramsay, Wall, Brian Evans Organizations: CNBC, Apple, Nvidia, ISI, DDOG's TAM, Citi downgrades Bank of New York Mellon Citi, Bank, New, Bank of New York Mellon, Capital, Blackwell, NVIDIA Locations: New York

☆ The shock from the Trump assassination attempt has turned to scrutiny of the Secret Service
▼ + stars: | 2024-07-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The US is still coming to grips with the assassination attempt on former President Donald Trump. In today's big story, we examine the scrutiny the Secret Service is facing and what former special agents are saying about the tragedy . But that's not to say the Secret Service has avoided controversy over the last 40-plus years since the Reagan shooting. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. AdvertisementUltimately, another former Secret Service agent said the entire event represents a failure for Trump's security detail , BI's Matthew Loh and Cameron Manley report.

Persons: —, Donald Trump, Jenny Chang, Rodriguez, Joe Biden, Insider's Brent D, Griffiths, Katherine Tangalakis, Lauren Edmonds, Saturday, Ronald Reagan, that's, Reagan, Brent, Jabin, Thomas Matthew Crooks, BI's Rebecca Rommen, Crooks, BI's Laura Italiano, Kenneth Niemeyer, Matthew Loh, Cameron Manley, Trump, Corey Comperatore, Kirill Kudryavtsev, Yuriy Gorodnichenko, Goldman Sachs, Michael M, Tyler Le, Jensen Huang, Elon Musk, Sam Altman's, Altman, Rebecca Zisser, Mickey Mouse, Hannah Montana, David, Nvidia's Goliath, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Jack Sommers, Annie Smith, Amanda Yen Organizations: Service, Business, Secret Service, Washington, Getty, FBI, UC Berkeley, NDR, Nvidia, Elon, European, Swedish, Disney, YouTube, GOP, Convention Locations: Colombia, Pennsylvania, Trump, Russia, New York, London

For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.

Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI

☆ A big European asset manager trims Nvidia shares after huge rally
▼ + stars: | 2024-07-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

DNB Asset Management, a Nordic fund giant managing nearly $90 billion as of the end of 2023, dumped a sizable portion of its Nvidia stake after the chipmaker's stunning 2024 run, according to a new regulatory filing. The sale came after Nvidia's jaw-dropping rally that pushed its market valuation above $3 trillion. Still, the rally in Nvidia has recently shown has signs of exhaustion as 2024's bull run broadened out to the unloved pockets of the market. DNB, with about 100 investment funds, had around $88 billion in assets under management as of 2023, according to the firm's website. The European giant had most of its top 10 holdings in the so-called Magnificent Seven stocks, including Microsoft , Alphabet , Nvidia, Amazon , Apple and Meta Platforms.

Persons: Jensen Huang Organizations: Nvidia, U.S . Securities, Exchange Commission, Microsoft, Apple

☆ Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up. She previously called Nvidia a "check the box stock" with too much "hyperactivity." Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.

Persons: Wood, — Organizations: Nvidia, Service Locations: ARKK

☆ Cramer: Here are 5 stocks I would buy right now — plus 3 to keep your eyes on
▼ + stars: | 2024-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

In the meantime, we received some terrific feedback from members after revealing in late May five stocks we would buy right here, right now. So which stocks would I buy right now? And while we expect Monday may not be a good day for tech stocks — remember it is only day three of the rotation — you have to buy AMD before the tide turns back to tech. I said that Best Buy was much more than just a brick-and-mortar company and that its integrity was high. More importantly, like AMD, Best Buy is where people will try out a new AI PC.

Persons: We've, that's, Nvidia's Blackwell, Wells Fargo, Wells, Charlie Scharf, Charlie, Doug Braunstein, Fernando Rivas, Jamie Dimon, there's, Scharf, let's, Ed Breen, Breen, Dennis Kozlowski, Kozlowski, Medtronic, Dupont, China's, Peter Arduini, Wynn, Laxman Narasimhan, Howard Schultz, Laxman, Narasimhan, Schultz, Mellody Hobson, There's, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Dow Jones, Devices, Nvidia, Broadcom, Big Tech, AMD, Intel, PC, Microsoft, HP, Wells Fargo, JPMorgan, Costco, Gold, DuPont, Tyco, Tyco Electronics, Johnson Controls, GE Healthcare, Wynn, Starbucks, GE, Philips, Siemens, Management, Caesars, Las, Sands, Biden, Covid, Palestinian, McKinsey, PepsiCo, Jim Cramer's Charitable, CNBC, Wynn Resorts, Bloomberg, Getty Locations: Wells Fargo, Wells, U.S, Canada, Dupont, China, East Germany, Macau, Israel, Jewish, Gaza, Macao

But Mizuho expects things will play out differently, and instead raises its price target on the electric vehicle maker, citing challenges with its robotaxis. Morgan Stanley stands by Starbucks, keeping it at an overweight, but lowering its price target. Fong's $155 price target suggests shares can jump another 19.3% over Thursday's closing level, building on a year of monster gains. Analyst Doug Anmuth hiked the mega-cap technology stock's price target by $100 to $750, now implying 14.9% upside from Thursday's close. While he upped his price target by $50 to $197, that fresh target reflects a drop of 18.3%.

Persons: Morgan Stanley, Cody Acree, Acree, — Alex Harring, Jon Tower, Chipotle, Alex Harring, BTIG, Marvin Fong, Fong, Carvana, CarMax, Doug Anmuth, Anmuth, Anmuth's, that's, he's, Christina Cheddar Berk, Vijay Rakesh, Rakesh, Joseph Spak, Spak Organizations: CNBC, UBS, Starbucks, JPMorgan, Netflix, Nvidia, Citi, Harbour, Tesla, robotaxis, Bloomberg Locations: Thursday's, premarket, China

☆ Shares of 6 mega-cap companies that run the economy should dominate the stock market
▼ + stars: | 2024-07-11 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The market is only driven by a handful of massive tech stocks – and therefore, it's built on a weaker foundation than a market advancing on a broader swath of its constituents. Companies don't lose dominance or stock leadership because they were dominant the last time we had a bull market. We trimmed Nvidia, Meta Platforms, Palo Alto Networks , and five other tech stocks at the beginning of the year. Would the market suddenly become more investible if we broke up the Super Six into say 15 different companies and stocks? However, we don't think they are a reason to bail entirely on any of these names.

Persons: it's, Jim Cramer, Jim, they've, we've, we're, Jim Cramer's, Spencer Platt Organizations: Club, Super, CNBC, Apple, Microsoft, Meta, Nvidia, Fed, Barclays, Big Tech, IBM, Palo Alto Networks, Palo Alto, United Parcel Service, Google, Facebook, Gmail, Amazon, Services, Jim Cramer's Charitable, The New York Stock Exchange, Nasdaq, Getty Locations: Eaton, Dover, 2Q24, U.S, Manhattan, New York City

☆ Landing a job at Microsoft, Meta, Google or Nvidia is tough. Here's what you need to know about the hiring process.
▼ + stars: | 2024-07-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

Nvidia, meanwhile, emphasizes technical exercises such as HackerRank coding assessments, while Microsoft evaluates candidates' problem-solving, design, coding, and testing skills. Here's a summary of Big Tech firms' hiring process guides to give you an idea of what to expect. GoogleOnce you've applied for a job and a recruitment team member thinks you might be a good fit, they will be in touch to start the hiring process. According to Google's guide, the first step typically involves taking a Google hiring assessment to test your skills. The Facebook and Instagram owner has compiled a comprehensive guide about its "Full Loop Interview" process, which includes three to five conversations.

Persons: —, hasn't, Nolan Church, you'll Organizations: Service, Big Tech, Companies, Google, Nvidia, Meta, Microsoft, Business

☆ This AI play is about to issue an upside preannouncement, according to a Wells Fargo analysis
▼ + stars: | 2024-07-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

That leaves Wells Fargo optimistic about a possible update from the company late next week, particularly given improved sentiment and valuation behind the stock. But under the most optimistic, upside scenario, Wells targets the stock at $1,200, suggesting 34% upside. This year, Super Micro has more than tripled, climbing 215%, as analysts have touted the company as a back-door play on artificial intelligence. Wells Fargo cites Nvidia's Blackwell product cycle, which includes GB200 Grace-Blackwell Superchips in late 2024, saying its customer base is significantly more diverse compared with Nvidia's Hopper GPU architecture. "We are positive on SuperMicro's ability to continue to be a meaningful player in the ongoing AI server investment cycle," Rakers said.

Persons: Wells Fargo, Aaron Rakers, Wells, Rakers, FactSet, Nvidia's Blackwell, Grace, Blackwell Superchips Organizations: Super

☆ Here's why KeyBanc analysts see more than 40% upside for Nvidia stock
▼ + stars: | 2024-07-09 | 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. KeyBanc raised its price target on the Club chipmaker's stock to $180 per share from $130. New research indicated that tirzepatide, the active ingredient in Lilly's Mounjaro for diabetes and Zepbound for weight loss leads to more weight loss than Novo Nordisk's semaglutide. 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, Goldman Sachs, Piper Sandler, —, KeyBanc, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Big Tech, Nvidia, Club, Blackwell, Novo Nordisk's semaglutide

☆ Chip giant TSMC crosses $1 trillion market cap, riding on the back of Nvidia's gains
▼ + stars: | 2024-07-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains. TSMC's market cap briefly crossed $1 trillion on Monday. The stock price of ASML — Europe's third-most valuable company — crossed 1,000 euros apiece. AdvertisementTech giant Nvidia has been riding the artificial intelligence wave that made it one of the world's most valuable companies. Now, Nvidia's suppliers and upstream partners are riding on the hype, too.

Persons: — Organizations: Service, Tech, Nvidia, Taiwan Semiconductor Manufacturing Company, New York Stock Exchange, Business

☆ Nvidia is just at the start of their gen 2 deployment phase, says BofA's Vivek Arya
▼ + stars: | 2024-07-09 | 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 EmailNvidia is just at the start of their gen 2 deployment phase, says BofA's Vivek AryaVivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to discuss Nvidia's stock performance, why he believes the stock is relatively underowned, state of the chip sector, and more.

Persons: BofA's Vivek Arya Vivek Arya Organizations: Nvidia, Bank of America

☆ Startups are building robots that can perceive the human world. Here's why VC firms like Khosla and a16z say that spatial intelligence will be the next big thing in AI.
▼ + stars: | 2024-07-09 | by ( Samantha Stokes | Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.

Persons: —, Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, –, Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei

☆ New AI tools are helping workers bluff their way through interviews
▼ + stars: | 2024-07-09 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +9 min

In today's big story, we're looking at how new AI tools are helping workers bluff their way through interviews . Some people have built homemade AI tools to help interviewees, releasing them online for free. A startup developing AI-powered tools for job seekers, Final Round AI offers an AI résumé builder, a cover letter writing service, and a mock interview tool. He's not the only one looking to AI to change the interview process. Others say banning AI chatbots in interviews is like prohibiting calculators during math tests — if workers can use the tech in their jobs, why not in the interview process, too?

Persons: —, I'm Jordan Parker Erb, Dan DeFrancesco, Alo, They're, Jenny Chang, Rodriguez, Rob Price, Michael Guan, He's, Rebecca Zisser, Rob, BI's Melia Russell, Melia, Guan, Jerome Powell, William McChesney Martin, Powell, Chip Somodevilla, Joe Biden's, Howard, Alan Howard's, Brevan Howard, Tyler Le, Francisco's, Leonid Shteyn, execs, Joe Arden, Joe Biden, Harvey Weinstein, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen, Lisa Ryan Organizations: Service, Business, Reserve Bank, Markets, Getty, Taiwan Semiconductor Manufacturing Company, Apple, of America, Paramount, NATO, Prosecutors Locations: Silicon Valley, Washington , DC, U.S, New York, London

☆ Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
▼ + stars: | 2024-07-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Helen of Troy — The housewares stock plummeted nearly 28%, hitting a new 52-week low during the session. The company posted an earnings miss for its first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Lucid — The electric vehicle company's stock added nearly 1% after rallying about 8% in the previous session. Lucid jumped after the firm said it delivered 2,394 vehicles in the second quarter, marking a 70% year-over-year increase. Tesla — Shares of the electric vehicle company popped more than 4%.

Persons: Blackwell, Helen of Troy —, FactSet, UiPath, Lucid, Eli Lilly's Mounjaro, Eli Lilly, Morgan Stanley, Corning, Yun Li, Pia Singh, Sarah Min, Darla Mercado Organizations: Nvidia, UBS, BP — U.S, Novo Nordisk, Novo Nordisk's Ozempic, Sony, Paramount, National Amusements, Skydance Media, Apollo, CNBC Locations: Novo

UBS raised its price target on Nvidia , calling for nearly 20% upside. He also set a price target of $640, which implies downside of 21%. — Lisa Kailai Han 5:50 a.m.: UBS hikes Nvidia price target, now sees 19% upside UBS sees more gains ahead for Nvidia . Analyst Timothy Arcuri raised his price target for the graphics processing unit manufacturer to $150 from $120. "Our recent supply chain checks confirm our prior suspicions that demand momentum for Blackwell rack-scale systems remains exceedingly robust," the analyst wrote.

Persons: Wolfe, JPMorgan Chase, Guggenheim, ServiceNow, John DiFucci, Lisa Kailai Han, Erika Najarian, — Lisa Kailai Han, Timothy Arcuri, Arcuri, Blackwell, Steven Chubak, Chubak, JPM, — Fred Imbert Organizations: CNBC, UBS, Nvidia, Wolfe Research, JPMorgan, Guggenheim, PNC, PNC Financial Services, JPMorgan Chase JPMorgan, JPMorgan Chase, P Bank ETF Locations: Friday's, 2H24

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