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☆ Clarence Thomas took more undisclosed trips paid for by GOP megadonor Harlan Crow, Senate committee chair says
▼ + stars: | 2024-06-13 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Supreme Court Justice Clarence Thomas has omitted at least three private jet trips gifted by Republican megadonor Harlan Crow from his annual financial disclosures, a top Senate Democrat alleged Thursday. Those trips included private flights in 2017, 2019 and 2021 that Thomas failed to disclose, according to Judiciary Committee Chairman Dick Durbin of Illinois. The Senate probe of the Supreme Court "makes it crystal clear that the highest court needs an enforceable code of conduct, because its members continue to choose not to meet the moment," Durbin said in a statement. Spokespeople for Thomas and the Supreme Court did not immediately respond to CNBC's requests for comment. Thomas said in his latest disclosure that those two trips were "inadvertently omitted" at the time.

Persons: Clarence Thomas, Harlan Crow, Thomas, Dick Durbin of, Crow, Durbin, Spokespeople, ProPublica, Elliot Berke Organizations: Republican, Dick Durbin of Illinois, CNBC, Washington , D.C, D.C, Senate Locations: St, Louis , Missouri, Kalispell , Montana, Dallas , Texas, Washington ,, Savannah , Georgia, San Jose , California, Bali, Indonesia, Monte Rio , California, Crow

☆ Justice Thomas Raised Him 'As a Son.' Now He Faces Decades in Prison.
▼ + stars: | 2024-06-12 | by ( Lilian Manansala | ) www.businessinsider.com time to read: 1 min

Clarence Thomas took in his grandnephew and raised him like a son. Mark Martin now faces more than 25 years on drug and weapons charges. The Thomas' guardianship is part of the scandal surrounding the Supreme Court justice's failure to disclose gifts from billionaire Harlan Crow. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Persons: Clarence Thomas, Mark Martin, Thomas, Harlan Crow Organizations: Business

☆ Clarence Thomas raised him 'as a son.' Now he's facing 25-plus years on weapons and drug charges.
▼ + stars: | 2024-06-11 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

"For me, in so many ways, it's rewarding because it's brought me, again, full circle," Thomas told Lamb. Related storiesWhen neither placement prevented Martin from acting out with minor drug use and other petty crimes, the Thomases cut him off, Martin told BI. AdvertisementLast summer, according to court records reviewed by BI, Martin was arrested on charges of drug trafficking and weapons possession. Martin says he was eventually expelled from Randolph-Macon Academy for failing a drug test as a junior in high school. "I actually don't know if they know that I'm locked up — I'm not sure they'd care too much," Martin told BI.

Persons: —, Clarence Thomas, Ginni, Mark Martin, Thomas, Emma Mae Martin, Clarence, Ginni Thomas, He's, Harlan Crow, Martin, I've, Brian Lamb, it's, Lamb, Mark, ProPublica, Crow, Crow's, Myers Anderson, Anderson, SPAN Martin, Martin's, they'd, he'd, I'm, — I've Organizations: Service, Supreme, Business, BI, Detention, SPAN, Randolph, Macon Academy, Hidden Lake Academy, Lake Academy, Conception Seminary College Locations: Virginia, Jasper, South Carolina, Macon, Bali, California, Randolph, Georgia

☆ Beyoncé tickets, book advances, Bali trip revealed in new Supreme Court financial disclosures
▼ + stars: | 2024-06-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Jackson valued the four tickets at $3,711.84, according to her annual disclosure form, which covered all of 2023. Supreme Court Justice Ketanji Brown Jackson disclosed receiving concert tickets from pop superstar Beyoncé, one of several notable items revealed Friday in the high court's latest financial disclosure reports. The Beyoncé tickets may have been the flashiest gifts given last year to a member of the nation's most powerful court, but they were not the only ones. The most recent justice to join the high court also disclosed more income from a book than any of her colleagues last year, the filings showed. Jackson is the only justice on the court who was nominated by President Joe Biden.

Persons: Jackson, Ketanji Brown Jackson, Beyoncé, Kamala Harris, Joe Biden, Clarence Thomas, Terrence Giroux, Alger, Barbara, Thomas, Harlan Crow, Crow Organizations: Supreme, D.C, Penguin Random, Alger Association, Republican Locations: Washington, Bali , Indonesia, Monte Rio , California

☆ Clarence Thomas, in Financial Disclosure, Acknowledges 2019 Trips Paid by Harlan Crow
▼ + stars: | 2024-06-07 | by ( Abbie Vansickle | ) www.nytimes.com time to read: +1 min

Justice Clarence Thomas acknowledged on Friday additional luxury travel he had accepted from a conservative billionaire, amending a previous financial disclosure to reflect trips he had taken to an Indonesian island and a secretive all-male club in the Northern California redwoods. The trips, taken in 2019, were earlier revealed by ProPublica, but it is the first time that Justice Thomas has included them on his financial disclosures. Other Supreme Court justices chronicled their gifts, travel and money earned from books and teaching. The financial disclosures, released yearly, are one of the few public records available about the justices’ lives, providing select details of their activities outside the court. A steady drumbeat of revelations about ties between some of the justices and wealthy donors has only intensified interest in the reports, particularly after disclosures that Justice Thomas had accepted lavish gifts and travel from affluent friends over decades.

Persons: Clarence Thomas, ProPublica, Thomas, Justice Ketanji Brown Jackson, Lonnie Holley, ’ Organizations: Northern California redwoods Locations: Indonesian, Beyoncé, Alabama

Thomas received 103 gifts with a total value of more than $2.4 million between 2004 and 2023, the judicial reform group Fix the Court said in a report Thursday. Fix the Court's analysis found that Alito accepted 16 gifts worth a combined $170,095. Counting those gifts, Thomas' total two-decade haul is valued at nearly $4.2 million. The value and number of gifts Thomas received also eclipsed those accepted by eight retired or dead Supreme Court justices whose tenures overlapped his service on the court, which began in 1991. Antonin Scalia, a conservative justice who died in 2016 while on the court, accepted 67 gifts worth about $210,000 during his tenure, which began in 1986.

Persons: Clarence Thomas, Ruth Bader Ginsburg, Stephen Breyer, Samuel Alito, Neil Gorsuch's, Chip Somodevilla, Thomas, Alito, Harlan Crow, Sandra Day O'Connor, Antonin Scalia, William Rehnquist Organizations: Supreme, Getty, Congressional Locations: Washington ,, Grove

☆ This chip stock just won a big Google contract and is carving out its niche in AI
▼ + stars: | 2024-06-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

This likely winner of a big chip contract from Google could see shares rally another 20% from here, according to JPMorgan. Sur also noted that this is the seventh iteration of AI processor chips the company would make for Alphabet. Broadcom shares have rallied 25% this year, with Sur's $1,700 target implying 20% upside from Wednesday's close. Sur said Broadcom is the second biggest AI semiconductor supplier after Nvidia and the market share leader in cutting-edge customer chip design. Combined, these projects could yield $11 billion to $12 billion in AI revenue in 2024 and $14 billion to $15 billion in revenue next year.

Persons: Harlan Sur, Sur Organizations: Google, JPMorgan, Broadcom, Microsoft, Apple, Nvidia, Sur, Meta

☆ Jennifer Lopez plus AI robots in ‘Atlas’ equals fuel for Netflix’s algorithm
▼ + stars: | 2024-05-24 | by ( Brian Lowry | ) edition.cnn.com time to read: +2 min

CNN —Say what you want about Jennifer Lopez, but streaming algorithms surely love her, which accounts for her parade of recent movies – “The Mother” (Netflix), “Shotgun Wedding” (Amazon) and “Marry Me” (Peacock), all in the last two years. Add to that “Atlas,” a nonstop sci-fi action movie that basically gets the job done with a plot that recalls Disney’s “Big Hero 6,” just with a lot more cursing. Atlas must then team up with another AI robot (voiced by Gregory James Cohan) in order to survive. Netflix continues to lay down expensive bets on genre movies, with Zack Snyder’s two-part “Rebel Moon” among the more prominent recent examples. For her part, Lopez steps into a slightly different role – and wisely away from another rom-com – in her dual capacity as producer and star.

Persons: Jennifer Lopez, ”, Disney’s, Atlas Shepherd, Harlan, Simu Liu, Gregory James Cohan, Mark Strong, Sterling K, Brown, Lopez, Brad Peyton –, Dwayne Johnson, Andreas ” –, Zack Snyder’s, it’s Organizations: CNN, Netflix, Sterling, “

☆ Analysts boost Nvidia price targets on strong demand outlook, say 'narrative is clearly nowhere near its end'
▼ + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts are turning more bullish on Nvidia yet again following another strong guide from the chipmaking behemoth. "The narrative is clearly nowhere near its end, or likely nowhere near its peak," he wrote, adding that shares appear inexpensive. He expects Nvidia's Blackwell chips to be sold out through 2025. "While it's large enough market that competitors can succeed or even gain share, NVIDIA remains the standard bearer for multifaceted AI," he wrote. Nvidia's results lifted the broader chip sector, with the VanEck Semiconductor ETF (SMH) trading 3% higher in the premarket.

Persons: Tom O'Malley, Bernstein's Stacy Rasgon, Blackwell, Blayne Curtis, Citi's Atif Malik, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Sur, Morgan Stanley's Joseph Moore, Nvidia's Blackwell Organizations: Nvidia, Blackwell, Wall, Barclays, Jefferies, NVIDIA, VanEck Semiconductor, Micron Technology, AMD Locations: CY25

☆ These are JPMorgan’s highest conviction stock picks over the next 12 months
▼ + stars: | 2024-05-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Specifically, analyst Chris Schott called Eli Lilly one of his highest conviction opinions. Analyst Harlan Sur noted that one of his top picks includes semiconductor manufacturer Broadcom , which has rallied 25% in 2024. In the report, the bank also highlighted data centers as an area that investors should watch. As demand grows for data centers, beneficiaries could include stocks such as Vertiv , up an eye-watering 106% in 2024, which is one of analyst Steve Tusa's highest conviction picks in the electrical equipment industry. Other stocks JPMorgan listed in the report include Delta Airlines and Carvana .

Persons: Chris Schott, Eli Lilly, Harlan Sur, Steve Tusa's, Rajat Gupta, — CNBC's Michael Bloom Organizations: JPMorgan, Dow Jones, Major Pharma, Broadcom, Delta Airlines

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

Associate Supreme Court Justice Clarence Thomas arrives for the swearing-in ceremony of Neil Gorsuch as an Associate Supreme Court Justice in the Rose Garden of the White House, Washington, D.C., April 10, 2017. Two leading Democratic senators are pressing Supreme Court Justice Clarence Thomas to say whether he repaid a wealthy friend any of the principal for a $267,230 loan he used to buy a luxury motorhome. The letter to Thomas's lawyer, dated Tuesday, raises questions about potential tax violations by the conservative justice, who is the longest-serving member of the Supreme Court. Democrats point to reports that his wife, Ginni Thomas, took part in efforts to overturn the results of the 2020 election. The Supreme Court heard arguments in Trump's immunity appeal on April 25, with Thomas on the bench.

Persons: Clarence Thomas, Neil Gorsuch, Ron Wyden, Sheldon Whitehouse, Thomas, Anthony Welters, Prevost Le, Wyden, Elliot Berke, Whitehouse, Justice Thomas, Welters, Berke, ProPublica, Harlan Crow, Harlan, Donald Trump, Ginni Thomas Organizations: Justice, White House, D.C, New York Times, Finance Committee Locations: Rose, Washington, Welters

☆ What the results of Wegovy’s longest clinical trial yet show about weight loss, side effects and heart protection
▼ + stars: | 2024-05-13 | by ( Meg Tirrell | ) edition.cnn.com time to read: +10 min

CNN —New analyses of the longest clinical trial yet of the weight-loss drug Wegovy are shedding light on how quickly it helps people lose weight, how long they sustain that weight loss and how safe the medicine is over four years of use. A previous clinical trial showed even greater average weight loss for Wegovy: about 15% on average over 68 weeks, compared with 2.4% for people who got a placebo. It was sustained for up to four yearsThe results showed that the 10% average weight loss for people using Wegovy was sustained for up to 208 weeks, or four years. Patients stayed on the medicine while they sustained the weight loss. Almost 23% of people on Wegovy lost at least 15% of their body weight, compared with 1.7% on a placebo.

Persons: Wegovy, –, ”, Harlan Krumholz, Dr, Donna Ryan, Eli Lilly, wasn’t, they’d, Daniel Drucker, it’s, John Deanfield, Krumholz, Drucker, GLP, Sanjay Gupta Organizations: CNN, Yale University, Yale New Haven Hospital, drugmaker, Nordisk, Novo Nordisk, European, Obesity, Nature, Pennington Biomedical Research, University of Toronto, University College London, CNN Health Locations: Baton Rouge , Louisiana, Novo

☆ Clarence Thomas, who has faced scrutiny over his ethics, discusses people who 'bomb your reputation'
▼ + stars: | 2024-05-11 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The subsequent uproar resulted in Thomas updating financial disclosures to indicate his ties to the conservative donor. "I think what you are going to find and especially in Washington, people pride themselves on being awful. It is a hideous place as far as I'm concerned," Thomas told his Friday audience, per the AP. Representatives for Thomas and the Supreme Court did not immediately respond to a request for comment.

Persons: —, Clarence Thomas, he's, Thomas, Justice, Kathryn Kimball Mizelle —, Donald Trump, it's, Harlan Crow, Ginni Thomas Organizations: Service, Circuit Judicial, Associated Press, Business, US, The New York Times, Finance Locations: Clear , Alabama, Washington

☆ Justice Thomas Denounces ‘the Nastiness and the Lies’ Faced by His Family
▼ + stars: | 2024-05-10 | by ( Abbie Vansickle | ) www.nytimes.com time to read: +1 min

Justice Clarence Thomas denounced on Friday “the nastiness and the lies” that have shadowed him in recent years as public scrutiny has mounted over his wife’s efforts to subvert the 2020 election and luxury gifts he has accepted from billionaire friends. It amounted to some of the most extensive public remarks he has made since revelations that he failed to disclose years of lavish trips from wealthy conservatives, like the Texas real estate magnate Harlan Crow, including on private jets and a superyacht. “My wife and I, the last two or three years, just the nastiness and the lies,” said Justice Thomas, who did not specify what he was referring to in addressing a full ballroom of lawyers and judges gathered for a judicial conference in Alabama. “There’s certainly been a lot of negativity in our lives, my wife and I, over the last few years, but we choose not to focus on it.”The justice faced calls for recusal after text messages and emails showed that his wife, Virginia Thomas, known as Ginni, sought to overturn the election, appealing to administration officials and lawmakers. Justice Thomas has continued to participate in a number of cases related to the 2020 election, including three about Jan. 6 on the docket this term.

Persons: Clarence Thomas, Harlan Crow, “, ”, Thomas, “ There’s, Virginia Thomas, Justice Thomas Locations: Texas, Alabama

☆ Clarence Thomas didn't show up for work today
▼ + stars: | 2024-04-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Associate Justice Clarence Thomas on Monday was absent from oral arguments without explanation. Thomas, 75, is the eldest member of the court and a key member of its influential conservative bloc. AdvertisementSupreme Court Associate Justice Clarence Thomas on Monday was absent from oral arguments and the court didn't offer an explanation as to why he wouldn't be present. Related storiesBusiness Insider has reached out to the Supreme Court for comment. Thomas is the longest-tenured associate justice on the court, having been nominated in 1991 by then-President George H.W.

Persons: Clarence Thomas, Monday, John Roberts, Thomas, —, George H.W, Bush, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett, ProPublica, Harlan Crow Organizations: Service, Associated Press, Senate

☆ Analysts are saying this chipmaker, which just held an AI event, is the most levered to the trend besides Nvidia
▼ + stars: | 2024-04-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors may want to keep an eye on Marvell Technology , as it is poised for artificial intelligence success, according to Wall Street analysts. The commentary comes on the back of the chipmaker's AI event on Thursday, where it announced a new compute customer many speculate could be Microsoft. On the back of the event, Wells Fargo analyst Gary Mobley lifted 2025 revenue and earnings per share estimates to account for a quicker ramp in AI sales. While Morgan Stanley continues to view the stock as an AI winner, analyst Joseph Moore noted he still favors Nvidia. That is in part due to the "sideways" action Marvell has experienced over the past year and its elevated multiple.

Persons: MRVL, Timothy Arcuri, Arcuri, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Wells, Gary Mobley, Morgan Stanley, Joseph Moore, Marvell Organizations: Marvell Technology, Wall Street, UBS, Microsoft, Marvell, Nvidia Locations: CY28, Wells Fargo

☆ Exclusive: On board a B-52 bomber mission to China’s doorstep
▼ + stars: | 2024-04-10 | by ( Oren Liebermann | ) edition.cnn.com time to read: +11 min

Sitting on the massive bomber’s sole bunk, the third pilot on the flight crew, Capt. This year, the Air Force began low-rate production of the Northrop Grumman B-21 Raider, the next generation of stealth bomber. In October, Chinese fighter jets intercepted a B-52 bomber at night over the South China Sea, south of our position. Everyone is tired, especially as we approach the 24-hour mark of the flight, but the mission is not yet complete. On final approach, with Barksdale Air Force Base looming off our nose, the right main gear does not extend.

Persons: Jinan Andrews, Omaha ” Barnett, Sabin “ Jett ”, Michael Maginness, CNN's Oren Liebermann, ”, Jason Armagost, Bo “, Bo “ NATO ” Cain, Oren Liebermann, MYLAR11, Leo “ Swabbie ” Weber, “, Rebecca “ Vulcan ” Moore, Moore, you’ve, Jared Patterson, Avery Bulsterbaum, Andrew Rodriguez, Justin Joyner, Dakeeja Nelson, Veruca Plott, it’s, . Sabin “ Jett ”, Jeremy Harlan Organizations: CNN, US, Barksdale Air Force Base, Boeing, 2nd Bomb, China, Eighth Air Force, “, Air Force, Bo “ NATO, 20th Bomb Squadron, Northrop Grumman, Raider, CNN Staff, US Department of Defense, South Korean Locations: East China, –, Alaska, Louisiana –, Louisiana, Japan, Capt, Jinan, Tramaine, Omaha, Vietnam, Russia, Russia’s, China, North Korea, South Korea, MYLAR11, Beijing, South China, Jinan Andrews

☆ 'Vanderpump Villa' isn't 'Vanderpump Rules' in the French countryside. Meet the cast and let them tell you why.
▼ + stars: | 2024-04-01 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

No, the new reality show "Vanderpump Villa" isn't just a remixed version of "Vanderpump Rules." "This is not Château Shitshow," a frustrated Vanderpump tells a pair of servers at the start of the second episode of her latest reality show, "Vanderpump Villa." AdvertisementUnlike in 'Pump Rules,' the villa staff must work together — and that raises the stakesLisa Vanderpump and the chateau staff in "Vanderpump Villa." 'Vanderpump Villa' is more like 'Below Deck'Lisa crowns Harlan, a villa guest, at her "Rebirth" party in episode three. The first three episodes of "Vanderpump Villa" are now streaming on Hulu, with new episodes released weekly.

Persons: isn't, —, Lisa Vanderpump, Joseph, Vanderpump, Hannah, Marciano Jax, Marciano, Gilles Mingasson, Jax Taylor, Hannah Fouch, Stassi Schroeder, Jax, Stassi's, Stassi, that's, We're, they'll, Hulu It's, Villa, Marciano —, Andre Mitchell, Mitchell, Grace Cottrell, Gabriella Sanon, Eric Funderwhite's flirtations, Caroline Byl, Emily Kovacs, Emily, Lisa, Harlan, Hulu Vanderpump, Kristen Doute Organizations: Service, Hulu, Hollywood resto, of Reality, Villa, Bravo Locations: Château Saint, Vanderpump's, Downton

☆ Here are some of Wall Street’s top derivative plays following Nvidia's latest chip launch
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Shares of the chip giant pulled back about 2% during Tuesday's session, after announcing its latest AI chips . While Nvidia's latest announcements solidify the company's AI leadership, Wall Street anticipates some positive tailwinds for a slew of derivative players. Semiconductor derivative plays Nvidia's latest announcements could pose some major tailwinds for companies operating within the chipmaker's ecosystem. Liquid cooling The liquid cooling industry may also benefit as Nvidia harnesses the technology to cool the 72 Blackwell GPUs in its new server rack system, known as GB200 NVL72. "We believe built-in liquid cooling capabilities in addition to the power density of the system should be a positive for VRT's liquid cooling and power management businesses," he wrote.

Persons: Harlan Sur, Blackwell, Rosenblatt, Hans Mosesmann, Goldman Sachs, Toshiya Hari, Matt Bryson, Laura Chen, Oppenheimer, Rick Schafer, Amit Daryanani, Vertiv, Headwinds, Nvidia's Blackwell, Hari Organizations: Nvidia, NVIDIA, Micron Technology, MU, Micron, Taiwan Semiconductor, Wall, Marvell Technology, Blackwell, Micro Computer, Mosesmann, Devices, AMD, Data, Intel Locations: America

☆ All the big Nvidia calls after AI conference: Goldman raises target to $1,000, JPMorgan sees 'dominance'
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."

Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose

☆ I wanted my 3 kids to have uncommon names and made lists of my favorites. But I couldn't choose until I held them in my arms.
▼ + stars: | 2024-03-09 | by ( Tiffany Nieslanik | ) www.businessinsider.com time to read: +4 min

I wanted them to have uncommon names and made lists of names while I was pregnant. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I spent an inordinate amount of time Googling things like "popular names in the 1860s" or "names no one wants to use" with mixed results. But even armed with all my data, I couldn't bring myself to choose "the one" until I saw each of our babies.

Persons: —, I'd, Tiffany, it's, Tiffany Nieslanik, Isa, Ender, Chelsea Pas, — Isa, Ender —, Orson Scott Card's, Wren, Harlan, Elouise, Otto Organizations: Service, Social Security, Credit, Chelsea Locations: Errol

☆ Weight-loss drug Wegovy can be marketed for heart benefits after FDA label update
▼ + stars: | 2024-03-08 | by ( Meg Tirrell | ) edition.cnn.com time to read: +4 min

The label expansion may improve insurance coverage for Wegovy, which costs more than $1,300 per month out of pocket before any discounts. Many insurers, including Medicare, don’t cover drugs for weight loss, leaving patients scrambling to afford them. “This patient population has a higher risk of cardiovascular death, heart attack and stroke,” he added. More studies need to be done to show whether there are heart benefits for people who haven’t had a cardiac event. Wegovy continues to be in shortage, along with other GLP-1 medicines, as drugmakers struggle to keep up with demand.

Persons: CNN — Wegovy’s, –, Dr, Harlan Krumholz, hasn’t, Eli Lilly, Wegovy, John Sharretts, haven’t, it’s, Sanjay Gupta, Jody Dushay, Beth, Dushay, Novo, Doug Langa, ” Organizations: CNN, US Food and Drug Administration, Yale University, Yale New Haven Hospital, Novo Nordisk, Diabetes, ”, CNN Health, Beth Israel Deaconess Medical Center, Harvard Medical School, Novo Nordisk’s, North America Operations

☆ Tulsa offered remote workers $10,000 to move there. The results show how the program shook up the local economy — and what the future of smaller cities could look like.
▼ + stars: | 2024-02-25 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.

Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, “, ”, Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, —, didn't, ” Harlan, Vincent, ’ Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, ”, Los Angeles, —

☆ Chip analysts boost Nvidia price targets in race to catch up to chipmaker's relentless 'joyride'
▼ + stars: | 2024-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

That led several Wall Street banks to hike their price targets to account for the unrelenting demand. Bernstein and other Wall Street shops raced to catch up with Nvidia's share price, hiking their price targets in reaction to nonstop demand and the company's enormous total addressable market. Rasgon's new target was the equivalent of 48% upside from Wednesday's close, while the average price target according to FactSet implied more than 22% upside. Bank of America's Vivek Arya also lifted his Nvidia price target to $925 per share, equal to about 37% upside. JPMorgan analyst Harlan Sur boosted his price target to $850 to reflect strong data center growth and future product launches.

Persons: Bernstein's Stacy Rasgon, Bernstein, America's Vivek Arya, Harlan Sur, allaying, Sur, Goldman Sachs, Toshiya Hari, Morgan Stanley's Joseph Moore, Moore, Deutsche Bank's Ross Seymore, Seymore, Timothy Arcuri, Arcuri, — CNBC's Michael Bloom Organizations: Nvidia, Bank, America's, JPMorgan, Deutsche, UBS Locations: CY24

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