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Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.
Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's
JPMorgan upped its growth forecast for the custom AI chip market and said Broadcom's dominance in the space is poised to continue. Essentially, these networking chips help make up the plumbing of data centers. The second line of Broadcom's AI business is custom processors, where the company is best-known for co-designing Alphabet's tensor processing units, or TPUs. Google-parent Alphabet and Broadcom have collaborated on the creation of the AI chips for years, with the sixth-generation TPU being announced last month . The AI chips made by market leader Nvidia and rival AMD are more general purpose.
Persons: Bernstein, Melius, , Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Nvidia, Wall, Broadcom, Melius, JPMorgan, Wall Street, VMWare, Google, Amazon, Microsoft, Marvell Technology, Marvell, AMD, CNBC
Buying stocks with a rising exposure to artificial intelligence could lead to outperformance later this year, according to Morgan Stanley. But for investors who have missed out on the AI trade, Morgan Stanley says it's not too late. In a recent note, a team of eight Morgan Stanley strategists led by Edward Stanley highlighted a group of stocks where artificial intelligence is beginning to play a bigger role in their business, which they called "the enablers." "We believe this strategy of picking stocks where AI materiality is increasing will continue to work for investors for the remainder of 2024," Morgan Stanley wrote. Earlier this week, both Morgan Stanley and Goldman Sachs reiterated buy ratings on First Solar.
Persons: outperformance, Morgan Stanley, Jensen, it's, Edward Stanley, enablers, Morgan, FactSet, Goldman Sachs, Bernstein, Stacy Rasgon, Melius, Raymond James, Josh Beck, Michael Bloom Organizations: Nvidia, Broadcom, Bernstein Research, JPMorgan, Facebook Locations: Thursday's
New research has identified the largest known genome of any living organism in an unassuming fern found in New Caledonia, an island chain in the South Pacific Ocean. After analyzing related samples from New Zealand and Tasmania, Pellicer homed in on the New Caledonian fork fern as a potentially interesting target for study. Genome gigantism, or genome obesity, is extremely inefficient, the experts explain. Pol Fernández I MatóPellicer and his colleagues believe that genome size may influence a plant’s chances of extinction. Could there be a plant with an even bigger genome than the fork fern?
Persons: , Jaume Pellicer, Pellicer, Tmesipteris, that’s, ” Pellicer, , Oriane Hidalgo, polyploidy, Eric Schuettpelz, Fernández, “ it’s, ” Schuettpelz, It’s, David Baum, Pol Fernández, “ I’m, Amanda Schupak Organizations: CNN, Botanical Institute of Barcelona, Cell, Smithsonian, , Genome, University of Wisconsin, Madison, International Union for Conservation of Locations: New Caledonia, Paris, Grande Terre, Oriane Hidalgo Ferns, New Zealand, Tasmania, New York City
In this article NVDARIVN Follow your favorite stocks CREATE FREE ACCOUNT2025 Rivian R1S RivianRivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. Amid the most notable changes to the new vehicles is their computing power, which Rivian says delivers 10 times more performance than the previous system. The lower-priced vehicles are crucial to Rivian's expansion as sales of its current models have slowed amid a sluggish industrywide sales pace for electric vehicles. 2025 Rivian R1T and R1S RivianRivian said pricing for the second-generation R1S SUV will increase $1,000 from current models to start at $75,900, with top-end trimotor models starting around $106,000. Rivian said the vehicles also feature more luxurious, updated interiors as well as a fully redesigned software interface.
Persons: Rivian, RJ Scaringe, R1T, Rivian Rivian Organizations: Nvidia, Max Locations: Illinois, Georgia, The California
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft , OpenAI and Nvidia , examining the powerful companies' influence on the artificial intelligence industry, a source familiar confirmed to CNBC. The FTC will take the lead on looking into Microsoft and OpenAI, while the DOJ will focus on Nvidia, and the investigations will focus on the companies' conduct, rather than mergers and acquisitions, according to the source. The news also follows the FTC's January decision to conduct an extensive study on AI industry heavyweights, including Amazon , Alphabet , Microsoft, Anthropic and OpenAI. Microsoft and OpenAI did not immediately respond to requests for comment.
Persons: Sam Altman, Kevin Scott, Anthropic, Claude chatbots, that's, Lina Khan, Khan, OpenAI, — CNBC's Eamon Javers Organizations: Microsoft Chief Technology, Artificial, Microsoft, Federal Trade Commission, Justice Department, Nvidia, CNBC, FTC, DOJ, New York Times, Google, Meta Locations: Redmond , Washington
Read previewUkraine is using its arsenal of exploding naval drones to hunt down smaller Russian vessels instead of the larger Black Sea Fleet warships, which Moscow pulled back to reduce their vulnerability to attacks. Kyiv has relied on a fleet of homemade Magura V5 and Sea Baby drones packed with explosives to carry out devastating missions against ships of the Russian Black Sea Fleet throughout the war. Russia has relied on these types of defenses — along with moored barges — to try to protect its ports from Ukraine's naval drones. Last month, for instance, Kyiv used its naval drones to conduct multiple operations against Russian patrol boats near Crimea. Lacking a proper navy of its own, Kyiv has relied on naval drones and long-range anti-ship missiles to wage an asymmetrical style of warfare against the Black Sea Fleet.
Persons: , HUR, @DI_Ukraine Organizations: Service, Moscow, Ukrainian, Directorate of Intelligence, Business, , Russian, Ukraine, Black Locations: Ukraine, Russian, Crimean, Ukrainian, Kyiv, Crimea, pic.twitter.com, Russia, Black, Moscow
Nvidia hits $3 trillion market cap on back of AI boom
  + stars: | 2024-06-05 | by ( Kif Leswing | ) www.cnbc.com   time to read: +1 min
Nvidia also passed Apple to become the second-largest public company behind Microsoft. Apple was the first U.S. company to reach a $3 trillion market cap during intraday trading in January 2022. Nvidia, which was founded in 1993, passed the $2 trillion valuation in February, and it only took roughly three months from there for it to pass $3 trillion. In May, Nvidia reported first-quarter earnings that showed demand for the company's pricey and powerful graphics processing units, or GPUs, showed no sign of a slowdown. Nvidia reported overall sales of $26 billion, more than triple what it generated a year ago.
Organizations: Nvidia, Apple, Microsoft, Google, Meta Locations: U.S
A decade ago, Millennium Management managed $21.1 billion and had 18 senior people — all a part of the executive committee — listed on its website. Now the $64 billion multistrategy manager has 47 names on its leadership page split among divisions like the relatively new Office of the CIO. Executive teams are often just a firm's founder and a few trusted lieutenants. Many departures from the firm's top level have been executives launching their own funds or joining Millennium colleagues starting their own funds. Michael Gelband and Hyung Lee, who once ran fixed income and equities, respectively, brought the business-development pro Peter Hornick and the risk executive Dev Joneja with them when they launched ExodusPoint.
Persons: , Izzy Englander, hasn't, Englander, Bobby Jain, Ajay Nagpal, Michael Chung, Peter Santoro, Izzy, Jain, Stephen Haratunian, Michael Gelband, Hyung Lee, Peter Hornick, Dev Joneja, Kurt Baker, Jonathan Xiong Organizations: Millennium Management, Business, Fidelity, Bloomberg, Citadel, Millennium Locations: BlackRock, New York, Asia
New Delhi CNN —India, the world’s fastest growing major economy, is not firing on all cylinders. The engineering graduate started working at Finnish electronics manufacturer Salcomp’s factory in the southern Indian state of Tamil Nadu last year. Adnan Abidi/ReutersLike India, women in China were also relegated to subordinate roles for centuries. Factory jobsMuch of this change is visible in Tamil Nadu, India’s industrial powerhouse where companies such as Foxconn and Samsung have manufacturing plants. Employees test mobile phones on an assembly line of a unit of Foxconn Technology in Sriperumbudur, Tamil Nadu, on July 12, 2019.
Persons: Narendra Modi, Gunasri Tamilselvan, Tamilselvan, , , It’s, Chandrasekhar Sripada, Adnan Abidi, Mao, ” Mao, Modi, Vishnu Venugopalan, Deepesh Nanda, Karen Dias, Parameshwari, Arun Roy, Roy Organizations: New, New Delhi CNN, European Union —, CNN, World Bank, Bank, McKinsey, Indian School of Business, Reuters, Communist Party, Apple, Samsung, Guidance, Tata Group, Tata Power, Foxconn Technology, Bloomberg, Getty, Tata, Tamil Locations: New Delhi, India, Tamil Nadu, South Asia, United States, China, Nongriat, Shillong, Meghalaya, Beijing, Washington, Guidance Tamil, Sriperumbudur, Tirunelveli, Zhengzhou, Tamil
The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.
Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida
Nvidia 's head start in artificial intelligence chipmaking could boost its shares by another 30%, according to Bank of America. Nvidia shares have already risen 29% since the end of March, pushing its year-to-date gain to 135%. Bank of America's Arya reaffirmed his buy rating on shares and a $1,500 price target, implying 29% upside from Tuesday's close. He views Nvidia as best positioned "to enabling the $3 trillion IT industry towards delivering AI services." NVDA YTD mountain Shares this year While giving the Jensen Huang-led company a market value approaching $2.9 trillion, Nvidia's surging share price may create volatility.
Persons: Blackwell, Vivek Arya, Bank of America's Arya, Jensen Huang, Arya Organizations: Nvidia, Bank of America, AMD, Intel, Bank of America's, Blackwell, Grace
Many companies are in the AI infrastructure buildout phase right now. That's because, in order to enable AI applications, companies have to make the switch from "general purpose computing to accelerated computing," she said. "You can't run AI on traditional compute, it would be prohibitively expensive, and far too energy intensive," said Pleydell-Bouverie. That's a 35% increase from last year, she said, and all this incremental investment is being directed to AI initiatives. And the world is "only in the first five minutes of this AI infrastructure buildout," she added.
Persons: Clare Pleydell, Bouverie, Meta Organizations: Nvidia, Microsoft, Meta, Liontrust Asset Management, CNBC Pro, Google, Apple, JPMorgan, Liontrust Global Technology Fund, Technology
Skyscrapers are without electricity up to 12 hours a day. Neighborhoods are filled with the roar of gas generators installed by cafes and restaurants. In recent months, Russian missile and drone attacks on Ukraine’s power plants and substations have left the country’s energy infrastructure severely hobbled. To make matters worse, two nuclear power plant units are scheduled for repairs this week, and summer temperatures are expected to prompt people to turn on their air-conditioners. As a result, the Ukrainian authorities have ordered nationwide rolling blackouts for this week, a more aggressive measure than the regional and irregular power cuts that parts of the country had been experiencing earlier this spring.
Organizations: Russian Locations: Ukraine
Ukraine has deployed special forces to Syria to fight Russian mercenaries there, per the Kyiv Post. They are backing Syrian rebels in fighting the Assad regime in the southwest, per the outlet. Ukraine is also fighting Wagner mercenaries in Sudan, the outlet previously reported. AdvertisementUkraine has deployed special forces units to Syria to combat Russians there, according to the Kyiv Post. Ukrainian special forces are fighting side by side with Syrian rebels against Russian mercenaries and Syrian President Bashar Assad's regime in the Middle Eastern country, the outlet reported.
Persons: Assad, Wagner, , Bashar Assad's Organizations: Kyiv Post, Service, Russian, Ukrainian, Directorate of Intelligence, Business Locations: Ukraine, Syria, Kyiv, Sudan, Ukrainian
Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X
Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York
Ford EV and hybrid sales surge 65% in May
  + stars: | 2024-06-04 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
DETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared with May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly 65% increases in sales of both hybrid and all-electric vehicles. The boost to EV sales is a conundrum for investors. The spike in hybrid sales is part of Ford's plan to double down on the technology. Ford reported total year-to-date U.S. sales through May of 877,685 units, up 5.6% compared with the same time period in 2023.
Persons: DETROIT –, Ford Organizations: New York, DETROIT, DETROIT – Ford Motor's U.S, Detroit, EV, Ford
That apartment complex is Stadium Lofts, a former baseball stadium that was converted into 138 apartments by Core Redevelopment, a Midwest developer group. The Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. The Stadium Lofts renovation took the partners just under two years to complete. The Stadium Flats addition was completed about a year after the Stadium Lofts opened and cost around $13 million. Cox, Watson, and his sons had a budget of $14 million for the Stadium Lofts conversion and, in the end, spent roughly $13.8 million.
Persons: Michael Cox, John Watson, Cox, Michael Potter, Watson Organizations: Core, CNBC, Indianapolis Indians, Indiana Landmarks, Bush, Cox, of Fame Locations: Indianapolis , Indiana, Midwest, Indiana, Indianapolis, Marion County , Indiana, Marion ,
Shares of Logitech are up 2% on the year and could rally another 17%, if Scemama's target price holds true. Analyst Kristine Liwag accompanied the move by raising her price target to $225 from $178. The bank reiterated its overweight rating on the credit card stock but lifted its price target to $275 from $265. International revs should run above the 10%+," the analyst added. Goldman analyst Tina Hou set a 12-month price target of $34, while Bank of America analyst Ming Hsun Lee set a price objective of $35.
Persons: Bernstein, Goldman Sachs, Goldman, TZE, Brian Lee, Lee, — Spencer Kimball, Didier Scemama, Scemama, — Lisa Kailai Han, Morgan Stanley, Kristine Liwag, Heico's, Liwag, Stanley Black, Decker, Julian Mitchell, Mitchell, Wells, Wells Fargo, Donald Fandetti, Fandetti, Canaccord, Kingsley Crane, Crane, Oppenheimer, Jed, Kelly foresees, FanDuel —, Kelly, Zeekr, Tina Hou, Ming Hsun Lee, Hou, Stacy Rasgon, Rasgon, Fred Imbert Organizations: CNBC, Broadcom, Bank of America, Investors, Technologies, Department of Energy, Logitech, Boeing, Barclays, Stanley, Nvidia, American, Express, American Express, U.S . American Express, Wall, Zeekr, China EV, China, Geely Automobile, AMD Locations: Monday's, EU, U.S, China, BofA
CNN —June 6, 2024 marks 80 years since D-Day, the first day of the Normandy landings that laid the foundations for the Allied defeat of Nazi Germany in World War II. The Allied troops’ invasion was coordinated across air, land and sea, in what can be described as amphibious landings. On D-Day alone, around 4,440 Allied troops were confirmed dead, according to the Commonwealth War Graves Commission (CWGC), with more than 5,800 troops wounded or missing. Because Omaha Beach was the bloodiest landing beach, the US Army lost the most men in the amphibious landings. Within minutes of reaching Omaha Beach, 16 of these men were killed and four were wounded.
Persons: , France –, , Adolf Hitler, , , Bedford’s, Bedford, Hitler Organizations: CNN, Royal British Legion, Canadian, Cotentin Peninsular, Omaha Beach, Juno, Allied, Pas de, Allies, Commission, Omaha, US Army, Bedford, Foundation, US Department of Defense, Western Allies, US, German Nazi, Third Reich, Victory Locations: Normandy, Nazi Germany, United States, United Kingdom, Canada, France, Utah, Omaha, Australia, Belgium, Czech Republic, Greece, Netherlands, New Zealand, Norway, Rhodesia, Zimbabwe, Poland, Europe, Fortitude, Pas de Calais, Cotentin, British, Gold, Pas, Germany, Bedford , Virginia, Omaha Beach, Paris, Nazi, German, Reims
And the rate of maternal deaths among Black women in the United States remains even higher, at nearly 50 deaths per 100,000 live births, the new report shows. Meanwhile, half of the high-income nations in the new report had fewer than 5 maternal deaths per 100,000 live births, and one country recorded zero maternal deaths: Norway. The three nations with the lowest maternal death rate were Norway with zero, Switzerland with a rate of 1 death per 100,000 live births and Sweden with about 3 deaths per 100,000 live births. The US maternal mortality rate fell from 32.9 maternal deaths per 100,000 live births in 2021 to 22.3 per 100,000 in 2022, according to data from the CDC. “Maternal deaths are a preventable problem, and this problem can be solved.
Persons: , Munira Gunja, ” Gunja, , Dr, Laurie Zephyrin, Dimes, , , Tochi, Michelle Owens, ” Owens, “ ACOG, Christopher Zahn, ” Zahn, Sanjay Gupta, Roe, Wade Organizations: CNN, Commonwealth Fund, International Program, Health, , US Centers for Disease Control, Organisation for Economic Co, CDC, World Health Organization, , Commonwealth, American Academy of Family Physicians, American College of Obstetricians, CNN Health Locations: United States, Norway, Australia, Canada, Chile, France, Germany, Japan, Korea, Netherlands, New Zealand, Sweden, Switzerland, Covid, U.S, United Kingdom, Long Island , New York, Jackson , Mississippi, States, Commonwealth
Read previewA human performance scientist who's coached elite athletes and celebrities, from the LA Clippers to Travis Barker, shared the nine supplements he takes daily for gut, brain, and muscle health with Business Insider. It can involve taking supplements or undergoing medical treatments that might not be backed by robust scientific evidence as an insurance policy. AdvertisementWhether taking collagen supplements supports joint health or improves joint-related conditions such as osteoathritis is a tricky question to answer based on the information currently available. AdvertisementGalpin takes 200 mg a day of magnesium for muscle health, recovery, and sleep. Galpin takes 5,000 International Units daily for muscle, brain, and gut health.
Persons: , who's, Travis Barker, Andy Galpin, he's, They're, Richard Bloomer, There's, Galpin, it's, Paul T, von Hippel, Harvard T.H, Rami N, It's, Dorin Organizations: Service, LA Clippers, Business, California State University, Fullerton, BI, Memphis University, Harvard Medical School, Harvard Medical, sharaff, Mayo Clinic . Studies, Cleveland Clinic, MD Anderson Cancer Center, University of Texas, Harvard, of Public Health, American Sports, Fitness Association, University of California Irvine School of Medicine, UCI Sleep Disorders, Research Locations: Austin, Chan, Europe, Asia, Mount Sinai
How AI could supercharge the Vision Pro
  + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.
Persons: it’s, Tim Cook, It’s, Siri, , Tuong, , Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, Locations: Cupertino , California, New York City
Read previewThe Meta AI chatbot is more willing to share what data it was trained on than Meta is. It expanded Meta AI in April as a chat and image generator function across all its apps, including Instagram and WhatsApp. Meta AI told Business Insider that it was trained on large datasets of transcriptions from YouTube videos. Meta AI initially said its training data included a third-party dataset of 3.7 million transcribed YouTube videos. In responding to further queries about its YouTube training data, Meta AI said its training data included another, larger dataset of transcriptions from 6 million YouTube videos also compiled by a third party.
Persons: , hasn't, Meta, OpenAI, Meta AI's, We'll, Meta's chatbot, Google's GoogleBot, Kali Hays Organizations: Service, Meta, Facebook, Business, TED, YouTube, NBC News, CNN, Financial Times, US Locations: khays@businessinsider.com
CNBC Daily Open: Opec extends cuts, Nvidia showcases new chip
  + stars: | 2024-06-03 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. OPEC+ extends cutsOPEC and it allies agreed to extend official crude production cuts into 2025 amid lackluster demand. Saudi Arabia's energy minister Prince Abdulaziz bin Salman said OPEC+ wants concrete rate cuts before factoring in the potential impact on energy demand. New AI chip RubinNvidia unveiled its next generation artificial intelligence chip, Rubin, a mere three months after launching its Blackwell model.
Persons: Prince Abdulaziz bin Salman, Rubin, Blackwell, Dow, UnitedHealth, Bill Ackman, It's, Michael Khouw Organizations: CNBC, Saudi Aramco, Rubin Nvidia, AMD, Intel, Microsoft, Google, Dow Jones, Federal, Dow, Nasdaq, Nvidia, Tesla, Pershing, Moderna, Drug Administration, GSK, Pfizer Locations: OPEC, Saudi Arabia, Russia, Saudi, U.S, Moderna
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