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☆ Former OpenAI board member explains why CEO Sam Altman was fired
▼ + stars: | 2024-05-29 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Former OpenAI board member Helen Toner, who helped oust CEO Sam Altman in November, broke her silence this week when she spoke on a podcast about events inside the company leading up to Altman's firing. Toner also said Altman did not tell the board he owned the OpenAI startup fund. Within a week, Altman was back and board members Toner and Tasha McCauley, who had voted to oust Altman, were out. In March, OpenAI announced its new board, which includes Altman, and the conclusion of an internal investigation by law firm WilmerHale into the events leading up to Altman's ouster. "The review concluded there was a significant breakdown of trust between the prior board and Sam and Greg," OpenAI board chair Bret Taylor said at the time, referring to president and co-founder Greg Brockman.

Persons: Helen Toner, CSET, Vox, Sam Altman, OpenAI, Toner, Altman, Sam, Ilya Sutskever, Jan Leike, Anthropic, OpenAI's, Sutskever, Tasha McCauley, Adam D'Angelo, WilmerHale, Greg, Bret Taylor, Greg Brockman, Taylor Organizations: The Ritz, Carlton, Twitter, OpenAI, Microsoft, Street Locations: Laguna Niguel, Dana Point , California

☆ GPT-4 is better than humans at financial forecasting, new study shows
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

OpenAI's GPT-4 is better than humans at analyzing financial statements and making forecasts, according to a new study. "Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes," the study found. AdvertisementOpenAI's GPT-4 proved to be a better financial analyst than humans, according to a new study. "Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes," the study said. AdvertisementThe study utilized "chain-of-thought" prompts that directed GPT-4 to identify trends in financial statements and calculate different financial ratios.

Persons: OpenAI's GPT, —, OpenAI's, Sharpe Organizations: Service, Booth School of Business, University of Chicago

☆ It's very rare the Nasdaq outperforms the Dow by more than 10%, says Piper Sandler's Craig Johnson
▼ + stars: | 2024-05-28 | 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 EmailIt's very rare the Nasdaq outperforms the Dow by more than 10%, says Piper Sandler's Craig JohnsonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Piper Sandler's Craig Johnson, Brian Sullivan, “ Organizations: Nasdaq, Dow, CNBC

☆ Gold prices are at yet another record high. That means rate cuts are coming soon
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold reached a new record of $2,454.20 per ounce on Monday as markets price in Fed rate cuts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGold set another record high on Monday as Wall Street readies for monetary policy to ease this year. Given that gold is a safe haven asset, rising international face-offs have prompted more investors to buy the bullion. Meanwhile, US sanctions on Russian reserves sparked central banks to snap up the metal at record pace.

Persons: Gold, —, Grzegorz Drozdz, David Miarrions Organizations: Service, P, Trade

☆ An OpenAI rival says its new AI model is not only cheaper to run than GPT-4, but it's also more useful
▼ + stars: | 2024-05-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Read previewOpenAI rival Cohere has unveiled an updated AI model it says is more useful and cheaper to run than GPT-4. The AI startup says it is rolling out the ability to fine-tune its Command R AI model, allowing it to outperform larger models like GPT-4 in some use cases while costing up to fifteen times less to operate. Similarly, when analyzing financial data Command R was 6.2% more accurate than GPT-4 and 5.3% more accurate than Claude. AdvertisementCohere said that as Command R, which initially launched in March, is significantly smaller than the likes of GPT-4, it costs much less to run. Related storiesFine-tuning on the Command R model is available on Cohere's platform from Thursday, with availability on other platforms coming in the near future.

Persons: —, Cohere, Nick Frosst, Claude Opus, Claude, Mark Zuckerberg, Sam Altman, Altman, they're, Frosst, It's, Emad Mostaque, Mustafa Suleyman, We're Organizations: Service, Business, Amazon, GPT, Command, Meta, Intelligence, Stanford University, Cohere, Big Tech, Stability, Microsoft Locations: GPT, Toronto

☆ AI stocks plunge after AMD gives weak forecast for chip sales
▼ + stars: | 2024-05-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand. AdvertisementAI stocks plunged on Wednesday after AMD offered analysts 2024 revenue guidance for its AI chip that was below analyst estimates. AMD raised its 2024 revenue guidance for its MI300 AI chip by $500 million to $4 billion. While supply constraints seem to be a headwind for AMD's AI chip business, so too could be competition. The company's MI300 chip is a direct competitor to Nvidia's immensely popular H100 chip, and AMD claims that its chip outperforms Nvidia's.

Persons: —, Lisa Su, Goldman Sachs, Nvidia's, Jensen Huang, Huang Organizations: AMD, Micro Computer, Nvidia, Service, Bloomberg, Nvidia's, Stanford Economic

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin outperforms Nasdaq after U.S. economy grew less than projected in Q1: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nathan McCauley, co-founder and CEO of Anchorage Digital, discusses the platform's new crypto settlement network.

Persons: explainers, Nathan McCauley Organizations: Nasdaq, CNBC Crypto, CNBC, Anchorage Digital

☆ Morgan Stanley shares 11 stocks its analysts believe will surge in the near-term as earnings season approaches — including 4 with at least 30% upside
▼ + stars: | 2024-04-24 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Q1 2024 earnings season has arrived, and Morgan Stanley has some ideas on which stocks have upside. In a recent client note, the bank listed 11 stocks its analysts believe will jump on earnings data. Below, we've listed the stocks along with how much upside they have to price targets. AdvertisementEarnings reports can often be upside catalysts for stocks if a firm outperforms in the prior quarter or issues guidance for stronger revenue. With 2024's first-quarter earnings season entering full swing, Morgan Stanley has some ideas about which other stocks are well-positioned to surge this time.

Persons: Morgan Stanley, —, Tesla Organizations: Service, Business

☆ Opinion: I loved my Lunchables as a kid. Now, all I see is what’s in them
▼ + stars: | 2024-04-23 | by ( Opinion Hasan Merali | ) edition.cnn.com time to read: +7 min

So why are we now feeding Lunchables to children as part of the National School Lunch Program (NSLP)? We are proud of Lunchables and stand by the quality and integrity that goes into making them,” Kraft Heinz said. In Canada, for example, a country that often outperforms the US in public health measures such as vaccination rates, there is no national food program for children. Meals that adhered to a higher nutritional standard were also thrown away less, according to a study published in Childhood Obesity in 2015. A modeling study published in Public Health Nutrition in 2022 estimates a 20% tax would reduce purchases of UPFs by 24%.

Persons: Hasan Merali, ”, Hasan Merali Chris Hartlove, Kraft Heinz, Lunchables, Fresh, ” Kraft Heinz, UPFs, Tony Organizations: of Pediatrics, McMaster University, CNN, Consumer, British Medical, American, Clinical Nutrition, Public Health Nutrition Locations: Canada, Lunchables, America, Colombia, Chile, France

☆ Citi upgrades energy sector, says geopolitical tensions could keep oil prices higher for longer
▼ + stars: | 2024-04-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The energy sector should continue to outperform as oil prices are likely to remain higher for longer on geopolitical risk even without a major escalation in the Middle East, according to Citi. The energy sector has gained 13% this year, outperforming the broader S & P 500 . .GSPE .SPX YTD mountain S & P 500 energy sector outperforms Refinery stock Marathon Petroleum is leading the sector's performance with a gain of 33% year to date. "Our commodity team see higher for longer oil given the geopolitical risk even as a severe escalation seems unlikely." "However, in the short-term, the global reflation theme and tensions in the Middle East are keeping prices supported," the Citi team told clients.

Persons: Dirk Willer Organizations: Citi, Energy, Marathon Petroleum, Exxon Mobil, Chevron, Brent Locations: Refinery, Israel, Iran, Rafah, Russia, Saudi Arabia

☆ The Mona Lisa rapping? New Microsoft AI animates faces from photos
▼ + stars: | 2024-04-21 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —The Mona Lisa can now do more than smile, thanks to new artificial intelligence technology from Microsoft. In one demo video, researchers showed how they animated the Mona Lisa to recite a comedic rap by actor Anne Hathaway. Outputs from the AI model, called VASA-1, are both entertaining and a bit jarring in their realness. “We are opposed to any behavior to create misleading or harmful contents of real persons,” Microsoft researchers said in a blog post. For example, in one demo video set to a clip of someone sounding agitated, apparently while playing video games, the face speaking has furrowed brows and pursed lips.

Persons: Mona Lisa, Anne Hathaway, VASA, it’s, OpenAI, Sora Organizations: New, New York CNN, Microsoft Locations: New York

☆ Zuck's new AI drop is cool and all, but he's still playing catch-up with Sam Altman
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg just dropped Meta's new AI models. Bt what Llama 3 does not do is beat OpenAI's GPT-4. AdvertisementPerhaps the most important detail was that Meta's open-source models will soon be on par with their closed-source counterparts. For open-source AI developers, that'll be a huge deal. The AI models they were working on looked pretty rudimentary as recently as last year as they struggled to complete sentences without repeating themselves.

Persons: Mark Zuckerberg, OpenAI's GPT, —, Meta, Nick Clegg, Claude, OpenAI's, that'll, Sharon Zhou, Sam Altman's, Sam Altman, Justin Sullivan, Google's, That's, Jim Fan, Altman, Zuckerberg, Gary Marcus Organizations: Service, Financial, Google, GPT, Nvidia, Facebook, New York University

☆ 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

☆ Apple's new AI aims to take on GPT-4 with its ability to understand context clues
▼ + stars: | 2024-04-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewApple's new development in AI aims to take on OpenAI's GPT products and may make your interactions with virtual assistants like Siri more intuitive. The ReaLM system, which stands for "Reference Resolution As Language Modeling," understands ambiguous on-screen images and content and conversational context to enable more natural interactions with AI. The new Apple system outperforms other large language models like GPT-4 when determining context and what linguistic expressions refer to, according to the researchers who created it. The ReaLM system can interpret images embedded in text, which the researchers say can be used to extract information like phone numbers or recipes from on-page images. The researchers behind ReaLM and representatives for OpenAI did not immediately respond to requests for comment from Business Insider.

Persons: —, Siri, OpenAI's, that's, Tim Cook Organizations: Service, Business, Apple, Microsoft, Google, OpenAI

☆ Here's our fourth-quarter earnings report card for 31 stocks in the portfolio
▼ + stars: | 2024-03-19 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Please note, that Abbott Laboratories is not listed below as we did not own the name before the company's earnings release. Meta Platforms had one of the best earnings reports of the entire season, as sales, earnings, and cash flow trounced expectations. Despite missing earnings expectations, Coterra Energy delivered where it matters most: discretionary and free cash flow. Honeywell 's earnings results weren't great, with sales missing across the board and segment profit results coming up mixed. Given the stock's reaction, one might wonder why we don't think the earnings results from Palo Alto Networks were flat-out ugly.

Persons: we've, Eaton, Eli Lilly, Mounjaro, Bausch, Estee Lauder, Fabrizio Freda's, Linde, shouldn't, Morgan Stanley, Procter & Gamble, Stanley Black, Decker, We're, Wells Fargo, Nikesh Arora, Palo, they've, Locker, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Nadella, SeongJoon Cho Organizations: Abbott Laboratories, Wall, GE Healthcare, Meta, Microsoft, Investors, Nvidia, Wynn Resorts, Pharmaceuticals, Broadcom, Coterra Energy, Disney, Federal Deposit Insurance Corporation, Procter &, TJX, Google Services, Constellation Brands, Costco Wholesale, Costco, DuPont, Honeywell, Palo Alto Networks, Palo Alto, Management, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Ford, China, Macao, Las Vegas, Boston, Wells Fargo underdelivered, Seoul

☆ Our discipline requires us to trim this tech stock again after 2023 rally powers into 2024
▼ + stars: | 2024-03-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 293 shares of META, decreasing its weighting in the portfolio to 4.5% from 4.98%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Mizuho, Jim Cramer, Jim Organizations: Facebook, Meta, Mizuho, Club, CNBC

☆ All eyes are on Nvidia this week, but another AI play is getting buzz before earnings
▼ + stars: | 2024-03-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Micron touts HBM3E as an essential component to move the needle forward on AI advancement, and so far, analysts agree. Mosesmann's buy rating and $140 per share price target represents 50% upside from Friday's close. The analyst maintains an outperform rating on Micron stock as well as a $120 per share price target, which equates to roughly 29% upside. The firm maintains a buy rating on Micron coupled with a $112 per share price target, more than 20% above the previous close. The analysts raised his price target to $150 from $95, calling for about 61% upside moving forward.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann's, TD Cowen, Krish Sankar, Mehdi Hosseini, Citi's Christopher Danely, Danely Organizations: Micron Technology, Nvidia, GTC Conference, Micro, Analysts, Micron, MU, AMD

☆ Demand for a hot new AI role is skyrocketing — but some say it won't last.
▼ + stars: | 2024-03-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Day to day, she coaxes AI models like OpenAI's GPT, utilizing natural language to manipulate the model into spitting out exactly the content she wants. "I just find it really interesting, really fun — it's like solving a word puzzle," Daniel, whose résumé also includes a prompt engineering role at LinkedIn, said. AdvertisementDaniel is part of a wave of a new kind of AI engineers — those without formal tech skills. AdvertisementDemand for prompt engineers has been skyrocketing amid the AI hype, and salaries are echoing the excitement. "I think different standards will emerge between what everybody can do and what the expert prompting engineers can do," she said.

Persons: —, Kelly Daniel, Daniel, Lazarus, Tanya Thomas, Thomas, Antropic, OpenAI's ChatGPT, Critics, Conor Grennan, Grennan, Rick Battle, Teja, Vasudev Lal, Lal, Yinuo Chen, Chen, there'll, Mark Zuckerberg's, she's Organizations: Service, LinkedIn, Google, NYU Stern School of Business, VMware, Intel Labs, Meta Locations: Beijing

☆ Stocks with high dividend growth and free cash flow perform best whatever the weather, Wolfe says
▼ + stars: | 2024-03-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Stocks that offer high dividend growth and high free cash flow perform best no matter the economic weather, according to Wolfe Research. Here are a few stocks that fit the bill, according to Senyek: Online marketplace eBay was one of several stocks that Wolfe singled out. With its 4% yield, CVS is also a good buy for investors focusing on a high-dividend growth, high free cash flow strategy, Wolfe said. Following CVS' earnings release, investment bank Leerink initiated research coverage of the stock with an outperform rating , citing its cash potential. Other stocks Wolfe included on its list were Constellation Energy , Humana and Archer-Daniels-Midland .

Persons: Chris Senyek, Wolfe, UnitedHealth, Andrew Mok, Tom Cowhey, — CNBC's Michael Bloom Organizations: Wolfe Research, eBay, Barclays, Medicare, CVS, Constellation Energy, Humana, Archer, Daniels, Midland

☆ Stock pickers did better in 2023, but long-term performance is still dismal
▼ + stars: | 2024-03-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Despite the odds, active managers turned in a better-than-expected performance in 2023, according to a report out today by S & P Global. The bad news: the long-term performance of active managers remained dismal. The majority (60%) of large-cap fund managers underperformed the S & P 500 in 2023, according to S & P Global. While that may not seem like an impressive performance, it is slightly better than the historic average of 64% that underperform the S & P 500. Surprising, because 2023 was a tough year for active managers.

Persons: Dow, Anu Ganti, Dow Jones, Ganti Organizations: P, Dow Jones, U.S, Dow Jones Indices Locations: U.S

☆ A.I. Start-Up Anthropic Challenges OpenAI and Google With New Chatbot
▼ + stars: | 2024-03-04 | by ( Cade Metz | More About Cade Metz | ) www.nytimes.com time to read: +1 min

start-up Anthropic released a new version of its Claude chatbot on Monday, saying it outperforms other leading chatbots on a range of standard benchmark tests, including systems from Google and OpenAI. Dario Amodei, Anthropic’s chief executive and co-founder, said the new technology, called Claude 3 Opus, was particularly useful when analyzing scientific data or generating computer code. Anthropic is among a small group of companies at the forefront of generative A.I., technology that instantly creates text, images and sounds. Dr. Amodei and other Anthropic founders helped pioneer the technology while working as researchers at OpenAI, the start-up that launched the generative A.I. Chatbots like ChatGPT can answer questions, write term papers, generate small computer programs and more.

Persons: Anthropic, Claude chatbot, Dario Amodei, Claude, Opus, Amodei Organizations: Google, OpenAI

☆ Here's why investors should stop worrying so much about concentration risk in the market
▼ + stars: | 2024-02-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.

Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, — Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ Linde shares pop as industrial gas giant underpromises and over-delivers — again
▼ + stars: | 2024-02-06 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

We expect another year of strong earnings growth from this best-of-breed industrial stock. Quarterly results As we can see in the chart below, this was an all-around strong quarter for Linde. In APAC (27.6% of sales), growth was led by end markets in chemicals, energy, and manufacturing. Updated expectations are for a mild recovery in a few end markets in China for the first half of 2024. EMEA (29.3% of sales) showed growth across all "resilient" end markets, which Linde defines as more consumer-related (healthcare, food and beverage, and electronics), while industrial end markets (manufacturing, chemicals and energy, and metals and mining) lagged.

Persons: Linde, shouldn't, —, haven't, We'll, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, LIN, EMEA, Electronics, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Africa, APAC, Asia, China

☆ FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play
▼ + stars: | 2024-01-29 | by ( Contessa Brewer | ) www.cnbc.com time to read: +1 min

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings . But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and 51% based on net revenue. But while FanDuel outperforms its competitors, its biggest rival DraftKings grabs the headlines and spotlight in earned media as the biggest (some might argue, the only) publicly traded pure play in sports betting. Shares of DraftKings have soared more than 150% over the last 12 months and are up 9% year to date.

Persons: FanDuel, DraftKings Organizations: New York Stock Exchange, London Stock Exchange, NYSE Locations: United States, FanDuel

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