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☆ CIO shares Nvidia alternatives to cash in on the AI theme: 'There's another way to play this'
▼ + stars: | 2024-05-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Its shares jumped in extended trading but given the "blowout earnings," Nancy Tengler of Laffer Tengler Investments said she expected to see a higher move. "We think there's another way to play this," she said, adding these are namely buying into "old economy companies," as well as data center names. One such "old economy" name is Walmart , according to her. They've embraced not only digital solutions, but robotics, generative AI and their ad business in cloud computing, obviously in their e-commerce business," she said. Quanta Services , which builds infrastructure for electric power and renewables, as well as provides utility performance services, was another pick from Tengler.

Persons: Nancy Tengler, CNBC's, They've, Tengler, Kif Leswing Organizations: Nvidia, Google, Microsoft, Meta, Investments, Walmart, Carrier, Oracle, Broadcom

☆ Apple stock is poised to surge nearly 50% as it heads toward its most important day in a decade, Wedbush says
▼ + stars: | 2024-05-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple's upcoming WWDC on June 10 represents its "most important event in a decade," according to Wedbush analyst Dan Ives. Ives expects the company to unveil a host of AI features that will help power an iPhone 16 supercycle. Ives expects the iPhone upgrade cycle could exceed a massive 270 million units. "This adds to our entrenched view that for Apple iPhone builds we will see a lift heading into a highly anticipated iPhone 16 upgrade cycle that kicks off in September. We believe current Street numbers are somewhat conservative for FY25 which is a good setup into this upcoming iPhone cycle," Ives said.

Persons: Dan Ives, Ives, — Organizations: Service, Apple, OpenAI, Cook, Co Locations: Taiwan

☆ OpenAI sends internal memo releasing former employees from controversial exit agreements
▼ + stars: | 2024-05-24 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI on Thursday backtracked on a controversial decision to, in effect, make former employees choose between signing a non-disparagement agreement that would never expire, or keeping their vested equity in the company. The internal memo, which was viewed by CNBC, was sent to former employees and shared with current ones. The memo said OpenAI will also not enforce any other non-disparagement or non-solicitation contract items that the employee may have signed. "As we shared with employees, we are making important updates to our departure process," an OpenAI spokesperson told CNBC in a statement. Bloomberg first reported on the release from the non-disparagement provision.

Persons: Sam Altman, OpenAI, Vox, ChatGPT Organizations: Microsoft, CNBC, Bloomberg Locations: Redmond , Washington, OpenAI

☆ Nvidia CEO Jensen Huang's net worth swells from $3 billion to $90 billion in five years
▼ + stars: | 2024-05-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia shares have more than doubled this year after tripling in 2023. OpenAI does most of its AI development on Nvidia GPUs.

Persons: Jensen Huang, Huang, OpenAI Organizations: Nvidia, Technology, Microsoft, Google, Meta Locations: San Jose , California

☆ The Architect Who Made Singapore’s Public Housing the Envy of the World
▼ + stars: | 2024-05-24 | by ( Sui-Lee Wee | Chang W. Lee | ) www.nytimes.com time to read: 1 min

The high-rise apartments — some with panoramic views of Singapore’s tropical cityscape — are airy, light-filled and spacious enough to comfortably raise a family. They are also public housing units, and for decades, were emphatically affordable, giving Singapore an enviable rate of homeownership. Now, however, at least a few of the apartments are being sold at a price that would have been unthinkable not long ago: more than $1 million. “I’m sad to see that — because public housing must equal affordability,” said Liu Thai Ker, the urban planner who gets much of the credit for creating the country’s widely lauded approach to housing its citizens.

Persons: ”, Liu Thai Ker Locations: Singapore

☆ US sending military aid to Ukraine to help repel Russian attacks on Kharkiv
▼ + stars: | 2024-05-24 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

CNN —The United States is sending $275 million in military assistance to Ukraine as part of “efforts to help Ukraine repel Russia’s assault near Kharkiv,” Secretary of State Antony Blinken announced Friday. “We will move this new assistance as quickly as possible so the Ukrainian military can use it to defend their territory and protect the Ukrainian people,” Blinken said in a statement. Russian forces have advanced toward Kharkiv, Ukraine’s second-largest city, after launching a surprise cross-border assault in mid-May. “We’re committed to making sure that Ukraine has the equipment it needs to succeed on the battlefield.”However, the US has continued to say its weapons cannot be used by Ukraine to strike Russian targets on Russian territory. “We have not encouraged or enabled strikes outside of Ukraine,” Blinken reiterated last week.

Persons: Antony Blinken, ” Blinken, Volodymyr Zelensky, ” Zelensky, Blinken, Dmytro Kuleba, “ We’re Organizations: CNN, ”, Kharkiv, High Mobility Artillery Rocket Systems, Ukrainian, US Locations: United States, Ukraine, Kharkiv, “, Ukrainian, ”, Ukraine’s, Lyptsi

☆ Russia's pulling combat forces from another continent to fuel its latest offensive push in Ukraine, Western intel says
▼ + stars: | 2024-05-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewRussia has moved some combat forces from Africa to help support its latest offensive efforts in northeastern Ukraine, according to a new Western intelligence assessment. The Russian defense ministry created the Africa Corps last year as a way to expand its footprint on the continent and also in the Middle East. Photo by Kostiantyn Liberov/Libkos/Getty ImagesRussia's defense ministry "almost certainly redeployed detachments from the Africa Corps to the Ukrainian border during April 2024 in preparation for this offensive," the defense ministry said. Other Africa Corps detachments are believed to have deployed to Syria, Libya, Burkina Faso, and Niger, the UK said. French Army via APThe recent deployment of certain Africa Corps units to the Kharkiv region appears to underscore Russia's commitment to its new offensive.

Persons: —, Wagner, Kostiantyn Liberov, Yevgeny Prigozhin, Volodymyr Zelenskyy Organizations: Service, Africa Corps, Business, Nazi, French Army, AP, Libkos, Staff of, Armed Forces, Facebook Locations: Russia, Africa, Ukraine, Moscow, Vovchansk, Ukraine's Kharkiv, Kharkiv, Ukrainian, Syria, Libya, Burkina Faso, Niger, Mali

☆ Only 25 artists have multiple songs that are certified diamond — here they all are
▼ + stars: | 2024-05-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: 1 min

Justin BieberJustin Bieber in "Baby." Justin Bieber/YouTubeThe official diamond award was unveiled by the Recording Industry Association of America (RIAA) in 1999. Justin Bieber's "Baby" was only the second song in history to be certified diamond on May 9, 2013. Bieber received a second diamond certification in 2018 as a featured artist on "Despacito" by Luis Fonsi and Daddy Yankee. His third award was bestowed in 2021 for his smash hit "Sorry."

Persons: Justin Bieber Justin Bieber, Justin Bieber, Justin Bieber's, Bieber, Luis Fonsi, Daddy Yankee Organizations: Recording Industry Association of America, RIAA

☆ Opinion: Rishi Sunak’s election looks like a final gasp
▼ + stars: | 2024-05-23 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +8 min

For those outside the Westminster bubble, the announcement felt less like a starting pistol than a final gasp. But unlike Sunak, who with his wife Akshata Murty is worth an estimated £651 million ($828 million), most of us can’t afford it. The British economy never fully recovered from the 2008 recession and, consciously or not, most people still feel the sting every day. As Sam Knight recently noted in the New Yorker, the average British worker is estimated to be £14,000 ($17,800) worse off per year now than they would be if earnings had risen at pre-crisis rates. Her disastrous mini-budget wiped £30 billion off the UK economy that autumn, according to independent think tank Resolution Foundation, and sent interest rates rocketing.

Persons: Holly Thomas, Katie Couric, Rishi Sunak, Keir Starmer, Tony Blair, Akshata Murty, Sam Knight, Brexit, Liz Truss, It’s, there’s, —, Boris Johnson, Johnson, who’d, that’s, Blair Organizations: Katie Couric Media, CNN, London CNN —, Conservative, Westminster, Labour, British Medical Association, BMA, Commission, Yorker, Evening, Office, National Statistics, Tory, Foundation Locations: London, Westminster, England, British, Europe, Rwanda

☆ Western fighters in Ukraine are getting killed because they assumed the war would be easy, says a US veteran who fought there
▼ + stars: | 2024-05-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewWestern fighters who joined the war in Ukraine have been killed, in some cases, because they assumed the fight would be easy, a US veteran who fought in Ukraine told Business Insider. Foreign fighters coming to UkraineHe was one of many foreign fighters who fought for Ukraine. There are no proven figures for how many foreign fighters have come to Ukraine or have been killed there. Ukraine founded its International Legion in 2022, allowing foreign fighters to come to Ukraine and help it fight back against Russia. Reasons aside, many foreign fighters have been killed, as Business Insider's Cameron Manley previously reported, with some international survivors saying they were used as a "sacrificial unit."

Persons: —, they're, that's, it's, Jackie, you've, they've, Zavhorodnii, Insider's Cameron Manley Organizations: Service, Business, AP, NATO, REUTERS, International Legion, Russia Locations: Ukraine, Kharkiv, Bakhmut, Iraq, Middle East, Afghanistan

☆ Sales of newly built homes tank in April, as prices and interest rates rise
▼ + stars: | 2024-05-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.

Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo

☆ Nvidia CEO Jensen Huang says 'demand is just so strong' for its hot AI chips
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Nvidia announced it is shipping its new Blackwell AI chip next quarter amid high demand. CEO Jensen Huang highlighted the strong interest in both Blackwell and current Hopper chips. "People want to deploy these data centers right now," CEO Jensen Huang told Yahoo Finance on Wednesday. "They want to put our GPUs to work right now, and start making money and start saving money. And so that demand is just so strong," Huang added, referring to graphics processing units.

Persons: Jensen Huang, Blackwell, —, they're, Huang Organizations: Nvidia, Blackwell, Hopper, Service, Yahoo Finance, Business

☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ Mortgage rates fall for the third straight week, dipping below 7%
▼ + stars: | 2024-05-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —Mortgage rates declined for the third consecutive week in a shred of good news for Americans dealing with a still-tough housing market. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Federal Reserve’s decisions on interest rates. Stubbornly high inflation this year has dashed hopes that the Fed could cut interest rates in the spring or in the summer. Some Fed officials said earlier this week that they likely won’t raise interest rates again and a few have said they expect to cut rates this year. With mortgage rates still elevated, some homeowners are deciding to stay put.

Persons: Freddie Mac, inflation’s cooldown, there’s, homebuyers, ” Sam Khater, Freddie Mac’s, That’s, ” Lawrence Yun, ”, Yun, Joe Biden Organizations: Washington CNN —, Treasury, National Association of Realtors, Fed, Housing Locations: San Diego, Chicago, Detroit

☆ 'Zoomtown' slowdown: 18 cities where rents have plummeted from their pandemic peak
▼ + stars: | 2024-05-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

That figure was 0.7%, or $12, less than in 2023 but is still 22.5% higher than the pre-pandemic rent rate of $1,407 in April 2019. Advertisement18 cities where rents have fallenRenting is also much more affordable than it was during the pandemic peak. The typical Austin apartment in April went for $1,494, which is down 11.5% — or nearly $200 — from the peak rent of $1,689 in September 2022. Below are the 18 US cities, many of which became Zoomtowns during the pandemic, where apartment prices are down at least 5% from their post-2019 peak. Along with each is its median rent in April, year-over-year rent change, peak rent, and change from that peak rent figure.

Persons: —, Realtor.com, Jiayi Xu, Xu, Austin Organizations: Service, Business, Star Locations: Austin

☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ Stocks at record levels are about to get their next major test — Nvidia's earnings results
▼ + stars: | 2024-05-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks are riding high heading into Nvidia's earnings results after the market close Wednesday. U.S. stock market benchmarks have been hovering near all-time highs. But Nvidia will test the sustainability of recent market highs given its huge size in broad market indexes, as well as its influence over investor psychology. Consider that the Jensen Huang-led company is in more than 6,000 long-only institutional funds, and in just 21 short-only funds, according to data from S & P Capital IQ. Beat and raise Many investors expect a strong showing from Nvidia will keep markets on their recent upward ascent.

Persons: Jensen Huang, Sam Stovall, Stovall, CFRA's Stovall, Piper Sandler, Harsh Kumar, Kumar, —, Blackwell, Huang, Zachary Hill, Hill, We've, Chris Zaccarelli Organizations: Nasdaq, Dow Jones, Nvidia, CFRA, Microsoft, Investments, Independent

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ AI darling Nvidia reports after the bell. What Wall Street is watching
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.

Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's

☆ Nvidia shares pass $1,000 for first time on AI-driven sales surge
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. Revenue: $26.04 billion vs. $24.65 billion expected by LSEG Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was anticipating earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue.

Persons: Jensen Huang, Blackwell, Nvidia, David Paul Morris, Colette Kress, Lama, Kress Organizations: Nvidia, Nvidia Corp, Technology Conference, Bloomberg, Getty, Google, Microsoft, Meta Locations: San Jose , California

☆ Ukraine: Battles rage outside Kharkiv as troops try to hold back Russian advance
▼ + stars: | 2024-05-22 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +5 min

Russia’s relentless onslaught has a key goal: If they take Lyptsi, then they can position artillery within range of Ukraine’s second city, Kharkiv, 20 minutes down the road. “They’re not sending just anyone into the assaults.”His stare lengthens when asked about what fortifications were in place before the surprise Russian attack. At one position closer to the Russian border, the 92nd Assault Brigade showed CNN a Russian artillery gun, captured in the first days of the war, from which they are now firing French mortar shells. The gun was partially hidden by a wire net, aimed at providing some protection from an attack drone. Attacks persisted in the distance however, keeping the city’s residents awake through violently loud nights, now amplified by the threat of Russian artillery edging closer.

Persons: ”, “ They’re, Artun, Mick Krever, tugging, ” Artun, “, CNN’s Nick Paton Walsh, Oleksandr, Brice Lainé Organizations: CNN, National Guard, 92nd Assault Brigade Locations: Ukraine, Kharkiv, Russian, Soviet, Lyptsi, Russia, Cherkaska Lozova

☆ Home sales slipped unexpectedly in April, despite big gains in supply
▼ + stars: | 2024-05-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of homes priced below $100,000 fell 7.1% year over year, while sales of those priced over $1 million jumped 40%. The median price of an existing home sold in April was $407,600, an increase of 5.7% year over year. The median price in the Northeast was $458,500, up 8.5% year over year. The median price in the West was $629,600, up 9.3% from April 2023. Correction: The supply of homes priced at more than $1 million was up 34% year over year.

Persons: Lawrence Yun, Yun Organizations: National Association of Realtors, Realtors Locations: Issaquah Highlands, Issaquah , Washington, US, Midwest, West

☆ Here's where rents are rising — and where they're falling
▼ + stars: | 2024-05-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Multifamily rents in April were 0.8% lower than they were in the same month last year, according to Apartment List. Apartment rents did rise for the third straight month, but the growth, at 0.5%, is very small. Single-family rents are much stronger, up 3.4% in March year over year, according to a new report from CoreLogic. "U.S. single-family rent growth strengthened overall in March, though some weaknesses are revealed in the latest numbers," said Molly Boesel, principal economist for CoreLogic. Of the nation's 20 largest cities, Seattle saw the highest year-over-year increase in single-family rents at 6.3%, followed by New York at 5.3% and Boston at 5.2%.

Persons: Molly Boesel, Boesel Organizations: National Association of Home Builders, CoreLogic, Boston Locations: Austin , Texas, Seattle, New York, Miami, New Orleans, townhomes, Florida, Austin

☆ Russia's fearsome S-400 air-defense system isn't quite living up to the hype in Ukraine
▼ + stars: | 2024-05-21 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Russian S-400 surface-to-missile systems in the Victory Day parade in Moscow's Red Square on i in May 2023. Ukraine in September said it destroyed two Russian S-400 batteries in Crimea, a region annexed by Russia in 2014. Rajan Menon, the director of the Grand Strategy program at the US think tank Defense Priorities, described the S-400 as Russia's "top-of-the-line air defense system." A rocket launches from a S-400 missile system at the Ashuluk military base in Southern Russia in September 2020. A Patriot air defense system test-fired during a training in Chania, Greece, on November 8, 2017.

Persons: —, Fredrik Mertens, John Hoehn, it's, Hoehn, AP Mertens, Mertens, Ian Williams, Mattias Eken, Rajan Menon, Vitaly Nevar, Mick Ryan, you've, DIMITAR DILKOFF, Ryan, haven't, hasn't, KIRILL KUDRYAVTSEV, might've, Eken, Anthony Sweeney, Army Menon Organizations: Service, Business, Hague, Strategic Studies, NATO, SA, International Institute for Strategic Studies, US Patriot, Reuters, RAND Corporation, Ukrainian Air Force, Forbes, Directorate of Intelligence, Ministry of Defence, South Korea Defense Ministry, AP, Patriots, Storm, Missile Defense, Center for Strategic, International Studies, Defense, REUTERS, Australian Army, Getty, Victory Day, Patriot, Army Locations: Russian, Ukraine, Ukrainian, Russia, Moscow, Crimea, Screengrab, Soviet, US, Russia's, Ukraine's Luhansk, South Korea, Kaliningrad, Southern Russia, AFP, Chania, Greece, United States, West, NATO

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