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☆ Here are Thursday's biggest analyst calls: Nvidia, Amazon, Target, DoorDash, Intel, Plug Power & more
▼ + stars: | 2023-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Roblox as buy Bank of America said the stock is becoming "more investable." Deutsche Bank initiates Wayfair as buy Deutsche said in its initiation of the stock that it's a "pure-play e-commerce leader." Deutsche Bank initiates DoorDash as buy Deutsche said in its initiation of the company that it has "superior unit economics." Bank of America initiates Gen Digital as buy Bank of America said it likes the cyber safety vendor. Goldman Sachs reiterates Amazon as buy Goldman said it sees an "underappreciated secular growth opportunity" for Amazon shares into next year. "

Persons: it's, Goldman Sachs, Goldman, 1QFY, Roblox, Price, Stifel, Baird, Catalent, 1HCY24, Piper Sandler, Piper, Philip Morris, Guggenheim, Wells, TD Cowen downgrades Organizations: UBS, Nvidia, Qs, Networks, Palo Alto Networks, 1QFY billings, billings, Bank of America, Products, Deutsche Bank, Deutsche, HSBC downgrades Altice, HSBC, Goodyear Tire, Goodyear, " Bank of America, ITT, of America, Aerospace & Defense, Digital, JPMorgan, Entertainment, Mizuho, Intel, AMD, Amazon, Citi, EV, TD Cowen downgrades Target Locations: HSBC downgrades Altice USA, China

☆ Applied Materials forecasts upbeat first-quarter revenue on resilient demand
▼ + stars: | 2023-11-16 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Reuters reported Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC. Santa Clara, California-based Applied Materials, expects first-quarter revenue of $6.47 billion, plus or minus $400 million, higher than analysts' estimates of $6.37 billion, according to LSEG data. Companies focusing on generative AI tools this year has also led to an increase in spending for Applied Materials' equipment. Rival Lam Research (LRCX.O) last month forecast revenue below estimates due to weak memory chip demand, while KLA (KLAC.O) forecast revenue above expectations on growing adoption of AI tools.

Persons: Dado Ruvic, Gary Dickerson, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Reuters, United, Justice and Commerce, Intel, Devices, Materials, Revenue, Lam Research, KLA, Thomson Locations: United States, China, U.S, Santa Clara , California, Bengaluru

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsBERLIN, Nov 15 (Reuters) - U.S. pharma company Eli Lilly (LLY.N) plans an investment in the single-digit billion dollar range in a new plant in western Germany, people familiar with the matter told Reuters after the company called a news conference for Friday. Eli Lilly said it would unveil "far-reaching investment plans" at Friday's news conference, which will be attended by Germany's economy and health ministers. Mounjaro's success helped Lilly post a 37% gain in third-quarter revenues to $9.5 billion, topping Wall Street estimates. The group's market value has ballooned to around $580 billion, up more than 65% so far this year.

Persons: Eli Lilly, Mike Segar, Mounjaro, TSMC, Lilly's, Lilly, Rene Wagner, Klaus Lauer, Ludwig Burger, Thomas Escritt, Chizu Nomiyama, Jane Merriman Organizations: Company, REUTERS, Rights, . pharma, Reuters, U.S ., U.S, Intel, European Union, Novo Nordisk, U.S . Food, Drug Administration, Thomson Locations: Branchburg , New Jersey, Germany, Rhineland, Palatinate, U.S, Ukraine, European, Indianapolis, Danish, Eisai

☆ Cramer discusses when to hold, fold or walk away from a stock in your portfolio
▼ + stars: | 2023-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

We certainly didn't want to trade Apple and Nvidia – the Club's two 'own it, don't trade it' stocks – as so many did. No, what got to me was a chartist saying that Nvidia's stock had the worst technical shape of any stock in the entire market. Hindsight says I should have known to walk away, but I have been in and around this stock almost my entire life. 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.

Persons: It's, Kenny Rodgers, I've, Emerson, Goldman Sachs, we're, Walt Disney, it's, Bausch, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Nvidia, Intel, Devices, Federal, Starbucks, Procter & Gamble, GE HealthCare Technologies, National, Goldman, Walt, Netflix, Jim Cramer's Charitable, CNBC, Fifth, Getty Locations: U.S, China, Emerson, New York City

☆ Microsoft announces custom AI chip that could compete with Nvidia
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

A custom-built rack for the Maia 100 AI Accelerator and its "sidekick" inside a thermal chamber at a Microsoft lab in Redmond, Washington. The first, its Maia 100 artificial intelligence chip, could compete with Nvidia's highly sought-after AI graphics processing units. In addition to designing the Maia chip, Microsoft has devised custom liquid-cooled hardware called Sidekicks that fit in racks right next to racks containing Maia servers. Moving from GPUs to AWS Trainium AI chips can be more complicated than migrating from Intel Xeons to Gravitons, though. WATCH: Nvidia notches tenth straight day of gains, driven by new AI chip announcement

Persons: Maia, Nvidia's, Rani Borkar, Borkar, OpenAI, OpenAI's, We've, they've, Colette Kress, Steve Tuck, Tuck, Graviton, Dave Brown, Brown Organizations: Microsoft, Intel, Google, CNBC, Amazon, Services, Nvidia, AMD, Computer, Companies, SQL, AWS Locations: Redmond , Washington, Seattle, New York, Gravitons

☆ Russia's laser beam weapons are being frustrated by low clouds that are stopping them from hitting their targets, UK intel says
▼ + stars: | 2023-11-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia has a weapons system that uses a drone's laser to identify targets. Russia will likely try to improve the system in what could be a winter fighting boost, it added. AdvertisementAdvertisementRussian drones that use laser beams to identify targets in Ukraine are being frustrated by low clouds, according to British intelligence. The UK Ministry of Defence's intelligence update on Tuesday assessed the performance of drones that use lasers to spot targets for Russia's 152mm Krasnopol-M2 artillery munitions. Russia will likely try to improve the system by boosting "Krasnopol's flight performance and reduce the round's laser detection time," the UK update said.

Persons: — Organizations: Service, UK Ministry of, UK, EU Locations: Russia, Ukraine, Estonian

☆ Cramer is optimistic coming out of earnings season, says most sectors performed well overall
▼ + stars: | 2023-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday gave his take on earnings as the season draws to a close, saying that sectors as a whole managed to perform fairly well. "When you look at all the groups, this was not a disappointing earnings season at all," he said. He argued that Alphabet also reported positive results, he said, adding the stock may have "roared" if management had better explained issues with the company's cloud business. He also said that companies in the utilities sector reported positive figures, but were hurt primarily because of the bond market. "Aside from Whirlpool and drug company Pfizer, I've been very impressed with pretty much every company that's reported so far," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, industrials, DR, Toll, I've Organizations: Microsoft, Apple, Intel, Whirlpool, Pfizer Locations: Pulte, DR Horton

☆ What Wall Street can expect from key Biden-Xi meeting as U.S.-China relations remain tense
▼ + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Chinese companies, meanwhile, have accelerated in global patent holdings in the cybersecurity sector, according to a recent Nikkei report. More reassurance to Chinese investors To be sure, while these stocks continue to rally, investors in the U.S. largely remain cautious about making any trades based on expectations ahead of the Biden-Xi talks. If anything, Chinese investors could leave Wednesday with more reassurance—which China's economy desperately needs as it struggles to make a post-pandemic recovery. Chinese investors "remain concerned that the deterioration in the bilateral political relationship could have a negative impact on the Chinese economy," Matthews investment strategist Andy Rothman said. Shaun Rein of China Market Research Group told CNBC last week that the meeting "might lower down the temperature," but that he does not expect "anything meaningful" to come from it.

Persons: Joe Biden, Xi Jinping, Frederic Neumann, Neumann, Biden, Xi, Brian Gardner, Gardner, Neo Wang, Wang, Tesla, BYD, Matthews, Andy Rothman, Shaun Rein, Rein, Derek Scissors, CNBC's Organizations: HSBC, Economic Cooperation, South China Morning Post, U.S . Department of Commerce, Nikkei, Micro Devices, Intel, Nvidia, AMD, Micron, MU, Microsoft, Biden, China Market Research Group, CNBC, American Enterprise Institute Locations: China, U.S, Asia, San Francisco, Washington, Beijing, Tesla's China, Europe, South Korea, Japan

☆ This US couple sold their house and moved to Italy for good
▼ + stars: | 2023-11-13 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +7 min

CNN —The pandemic’s enforced period of no travel led an American couple to rethink their life and retire to sunny southern Italy. “We decided to sell our home, our car and all superfluous possessions and make Italy our retirement home for good. The couple looked at different southern Italian regions offering a 7% flat tax for new immigrant retirees, before picking Puglia. The unexpected rising temperatures in southern Italy are too much even for Louisiana natives. “There is a great amount of work that goes into the legal preparations in Italy if you want to actually live there,” says Glenda Tuminello.

Persons: we’ll, Stanley Tucci, Seventysomethings Glenda, Randy Tuminello, Covid, ” Glenda Tuminello, “, –, ”, Glenda Tuminello Randy Tuminello, it’s, Glenda Tuminello, they’ve, Michal Ludwiczak, they’re Organizations: CNN, intel, CNN Travel, “, Louisiana Locations: American, Italy, Spokane , Washington, Polignano, Puglia, Adriatic, Cefalù, Louisiana, Italian, Mare

☆ Israel's Tower Semiconductor forecasts quarterly revenue decline, shares fall
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

The logo of Israeli analog integrated circuits developer, Tower Semiconductor is seen at their offices in Migdal HaEmek, northern Israel, February 28, 2022. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsNov 13 (Reuters) - Israeli firm Tower Semiconductor forecast a decline in quarterly revenue on Monday as chip firms faced with a supply glut continue to correct inventory. Chip giant Intel (INTC.O) had terminated its plans to acquire Tower Semiconductor in August after it was unable to get timely regulatory approval from China for the $5.4 billion deal. Approval from Chinese competition regulators is needed if companies involved in a deal have a sizable business presence in the country. Tower reported revenue of $358.2 million for the quarter ended Sept. 30, a decline of about 16% from a year ago.

Persons: Amir Cohen, Arsheeya, Pooja Desai Organizations: Semiconductor, REUTERS, Tower Semiconductor, Intel, LSEG, Thomson Locations: Migdal HaEmek, Israel, automotives, China, Intel's New Mexico, Bengaluru

☆ Ron Baron's firm has had 31 different stocks deliver 1,000% returns over the last 40 years. He shares why he's now placing massive bets on 2 companies.
▼ + stars: | 2023-11-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Baron, who founded Baron Funds in 1982, says he's found success over the years by taking a long-only approach and refusing to sell shares of companies he believes in. And over the last 10 years, both the Baron Partners Fund (BPTRX) and the Baron Focused Growth Fund (BFGFX) have beaten 99% of similar funds, according to Morningstar. Baron co-manages both funds, with his son Michael co-managing the Partners Fund and his son David co-managing the Focused Growth Fund. SpaceX is not publicly traded, but funds like the ARK Space Exploration & Innovation ETF (ARKX) and the two Baron funds mentioned above offer exposure to it. For SpaceX, Baron told CNBC he believes the company will go public around 2027, and that it will double in price many times over.

Persons: Ron Baron, it's, Baron, he's, Morningstar, Michael, David, Tesla, Michael Baron, That's, Elon Musk Organizations: Funds, Baron Partners Fund, Partners Fund, Baron Investment Conference, SpaceX, Innovation, Partners, Elon Musk, Intel, Microsoft, GM, Ford, Barons, CNBC Locations: New York, Nevada

☆ Drug-abusing Russian soldiers get sent to fight with Storm Z assault forces as punishment, intel says, putting them on the front lines with convicts
▼ + stars: | 2023-11-13 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

UK intelligence said Russian commanders are likely punishing drug-abusing soldiers. The commanders are apparently tossing the soldiers in so-called "Storm Z assault detachments." A Russian news outlet previously reported that soldiers were getting hard drugs delivered to them on the front lines. One unnamed soldier told the independent Russian outlet at the time: "It's like in Las Vegas." The units these drug-using soldiers fight in are mostly made up of convicts and are thrown onto the frontlines, according to analysts from the Institute for the Study of War.

Persons: —, Verstka Organizations: Service, UK's Ministry of Defense, Institute for Locations: Russian, Ukraine, Las Vegas

☆ A Hamas leader pronounced dead in 2014 has been living in underground tunnels and masterminded the October 7 attacks, Israeli intel says
▼ + stars: | 2023-11-12 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Mohammed Sinwar, a Hamas leader, was claimed to have died in 2014. AdvertisementAdvertisementA Hamas leader who was pronounced dead years ago is now believed to be alive and to have helped mastermind the October 7 attacks, Israeli intelligence says, The Telegraph reported. Mohammed Sinwar, the younger brother of Hamas' leader in Gaza Yahya Sinwar, was pronounced dead by the militant group in 2014, with the group even releasing an image of him lying in a blood-soaked bed. AdvertisementAdvertisementHe has never been seen in public since he was pronounced dead, and Gazan residents would likely not even recognize him now, he added. Mohammed Sinwar was one of the earliest members of the military arm of Hamas, having previously worked in administrative roles, per The Telegraph.

Persons: Mohammed Sinwar, —, Gaza Yahya Sinwar, Mohammed Deif, Marwan Issa, Tawfiq Abu Naim, He's, he's, Sinwar, Ronen Solomon, Solomon, Yahya Sinwar, Yoav Gallant Organizations: Service, The Telegraph, Telegraph Locations: Gaza, Israel

☆ Billionaire FBI informant Peter Thiel dished about two Kremlin invites to private Putin meetings
▼ + stars: | 2023-11-10 | by ( Mattathias Schwartz | Hans-Martin Tillack | ) www.businessinsider.com time to read: +18 min

It was Angermayer who introduced Bisslinger to Thiel at the party, Thiel would later tell the FBI. After some small talk, Bisslinger made a pitch to Thiel: Thiel should travel to Russia to attend the St. Petersburg International Economic Forum. If Thiel chose to attend, Bisslinger said, Bisslinger would arrange for him to meet privately with Putin. "Even if Mr. Angermayer did introduce Mr. Thiel and Mr. Bisslinger," the lawyers wrote in another letter, "Mr. Angermayer is not—and cannot be—responsible for whatever Mr. Bisslinger and Mr. Thiel may or may not have discussed." At his 40th birthday, he connected Peter Thiel with a Russian diplomat, Thiel later told the FBI.

Persons: Peter Thiel, Christian Angermayer, Thiel, Daniil Bisslinger, Bisslinger, Vladimir Putin's, Angermayer, Putin, Maksim Konstantinov, —, Frank Figliuzzi, Vladimir Putin, — Charles Johnson —, Johnathan Buma, Johnson, Welt, Dmitry Peskov, John Lamparski, Donald Trump, — Thiel, Der Spiegel, he'd, Elon Musk, Musk, Thiel —, he's, Palantir, He's, Uma Thurman, Robbie Williams, Queen Latifah, Paul Kagame, Dan McCrum, John Kerry, Richard Grenell, Kerry, Sensei Biotherapeutics, Trump, Dmitry Medvedev, Medvedev, Maureen Dowd, Alexander Schütz, Eva Schütz, Schütz, — Heinz, Christian Strache, Markus Braun, Jan Marsalek, Marsalek, Caroline Haskins, Katherine Long, Jack Newsham, Mattathias Schwartz, Hans, Martin Tillack Organizations: Kremlin, Tech, Pentagon, CIA, Facebook, SpaceX, Kremlin's Ministry of Foreign Affairs, Russian Embassy, Thiel, St ., Economic, Getty, FBI, Atlantic, Bisslinger, Germany, Elon, Russia, NSA, US Special Operations Command, National Health Service, Apeiron Investment, Munich Security, intel, Trump, State Department, Angermayer's, PayPal, Nasdaq, Sciences, The New York Times, Deutsche Bank, Welt Locations: Silicon Valley, Schloss Neuwaldegg, Vienna, Silicon, Moscow, Russian, Berlin, Russia, St, St . Petersburg, Petersburg, Ukraine, Europe, Germany, NATO, Crimea, Ukrainian, Sevastopol, Palantir, Washington, Rwanda, Baltic, Belarus, Iran, Angermayer's Malta, Munich, China, China's, Austrian, Austria, Exxpress, Wirecard, schwartz79@protonmail.com

[1/4] Argentina's presidential candidate Sergio Massa speaks during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. But they are cautious about making hard predictions on the back of two bruising election surprises. However, pollsters Reuters spoke to said it was a "wide open" race and that either candidate could triumph. Lautaro Díaz, 35, who intends to vote for Milei, said Bullrich's backing had made the "possibility of (Milei) winning more real." Federico Aurelio, head of pollster Aresco, said the race was wide open, with plenty of time for skeptical voters to change their minds.

Persons: Sergio Massa, Cristina Sille, Javier Milei, Milei, pollsters, Vilker, Trespuntozero, Massa, Patricia Bullrich, Analogias, Bullrich, Lautaro Díaz, Matteo Bettini, Federico Aurelio, pollster Aresco, Nicolas Misculin, Horacio Soria, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, pollsters Reuters, Milei, Massa, University of San, Atlas Intel, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Massa, University of San Andres, Peronist

☆ Russia may have struck a civilian cargo ship by accident because it screwed up hitting military targets, UK intel says
▼ + stars: | 2023-11-10 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia hit a civilian ship with a missile on Wednesday, killing and injuring crew, Ukraine said. The attack may have been due to "poor weapons employment tactics" by a Russian pilot, per UK intelligence. AdvertisementAdvertisementRussia may have struck a civilian ship in a Ukrainian port with a missile because of "poor weapons employment tactics," according to UK intelligence. AdvertisementAdvertisementOleksandr Kubrakov, Ukraine's Minister for Communities and Territories Development and Infrastructure, said the ship was a civilian vessel carrying iron ore to China. Kubrakov described Wednesday's attack as the 21st targeted attack by Russia on port infrastructure in Odesa since it left the grain deal.

Persons: —, Oleksandr Kubrakov, Kubrakov Organizations: MOD, Service, UK Ministry of Defence, Ukraine's, Territories Development, Infrastructure Locations: Russia, Ukraine, Russian, Liberia, Ukraine's Pivdennyi, China, Philippines, Odesa

☆ How Arm is gaining chip dominance with its architecture in Apple, Nvidia, AMD, Amazon, Qualcomm and more
▼ + stars: | 2023-11-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

Arm's big break came in 1993, when Apple launched its early handheld Newton device on the Arm610 processor. Arm's big break came in 1993 when Apple released its handheld Newton device on the Arm610 processor. Apple moved to its own Arm-based processors in Mac computers in 2020, breaking away from the Intel x86 processors that had powered them for 15 years. Qualcomm is another major customer making its latest PC processors using Arm, although that relationship is strained. This simplification is also making Arm the choice for non-chip companies like Apple, Amazon, Google and Microsoft designing their own custom silicon.

Persons: Haas, Richard Grisenthwaite, I've, Grisenthwaite, Japan's SoftBank, Grace Hopper Superchip, Grace Hopper, they're, Cash, SoftBank, Softbank, Rene Haas, CNBC's Katie Tarasov, Katie Brigham Arm, It's, Daniel Newman, Newman, O'Donnell, Apple, Nuvia, Arm's Grisenthwaite, They've, " O'Donnell, Max Thurlow Organizations: Apple, Acorn Computers, Texas, Nokia, Nvidia, Google, Samsung, Qualcomm, Futurum, Intel, Amazon, AMD, Cruise, Microsoft, Arm Holdings Locations: Cambridge, NXP, U.S, Arizona , California, North Carolina, Texas, Norway, Sweden, France, India, San Jose , California, IoT, England, China

☆ Russia will need to sacrifice air defense at its own borders to help cover gaps in Ukraine, UK intel says
▼ + stars: | 2023-11-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Russia could be forced to sacrifice air defenses at its borders, UK intelligence said. Losses in Ukraine mean that key air defense weapons will likely need to be redeployed, it said. AdvertisementAdvertisementRussia may need to sacrifice air defenses protecting its borders to help cover gaps in the front lines in Ukraine, the UK Ministry of Defence said in an intelligence update on Thursday. Last week, Russia lost three S-400 Triumf missile systems in the Luhansk region, weakening its air defenses there, the MOD said. The British ministry added that Russia's struggle to keep its air defenses in place is proof the war is overstretching its military.

Persons: — Organizations: Service, UK Ministry of Defence, MOD, BBC, Reuters, Institute for Locations: Russia, Ukraine, Ukrainian, Luhansk, Crimea, Russian, Olenivka

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple, Amazon and Qualcomm base their chips on Arm, helping it become the year's biggest IPOArm beat expectations in its first post-IPO earnings report Wednesday. Its low-power chip architecture is in nearly every smartphone, replaced Intel's x86 processors in Apple's Mac computers, and is the basis for Qualcomm's PC processors, and Amazon's data center chips. CNBC went to Arm in Cambridge, England, to find out how it became the year's biggest IPO despite 20% of revenue coming from China, struggling smartphone sales, and a failed $40 billion acquisition attempt by Nvidia.

Organizations: Amazon, Qualcomm, CNBC, Nvidia Locations: Cambridge, England, China

☆ Biden’s economic scorecard touts fragile advantage
▼ + stars: | 2023-11-09 | by ( Ben Winck | ) www.reuters.com time to read: +11 min

And if the political strategist James Carville was right that “it’s the economy, stupid,” the next several months could make or break Joe Biden’s economic record. As things stand, the current ruler of the free world touts a fragile advantage. Households’ disposable income after adjusting for inflation hit a record $20 trillion in the month that Biden’s measure was approved, according to the Bureau of Economic Analysis. STUDENT LOANSForgiving swaths of student debt was another of Biden’s campaign promises, but his efforts have so far failed. And with higher interest rates making debt service more expensive, Biden’s spending could come back to bite him on election day.

Persons: Joe Biden, Ken Cedeno, James Carville, Joe Biden’s, “, aren’t, Breakingviews, it’s, Biden, Donald Trump, Mitch McConnell, ”, Realtor.com, Congressional Republicans haven’t, haven’t, WALL, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: Edmond's Catholic, REUTERS, Rights, Reuters, House, Republican, AMERICAN, ACT, Brookings Institution, Analysis, Walmart, Nordstrom, Deere, Caterpillar, Republicans, Commerce Department, Micron, Bank of America, Gallup, Federal Reserve, United Auto Workers, RSM, Congressional Republicans, Biden, Reuters Graphics Reuters, Conservative, Thomson Locations: St, Rehoboth Beach , Delaware, U.S, New York, Arizona, West Virginia

☆ Exclusive: Geely's Zeekr edges closer to US IPO, to make filing public this week - sources
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +3 min

The EV brand will publish its prospectus and its shares could start being traded on the bourse within weeks of the announcement, the sources said. Zeekr confidentially filed for a U.S. initial public offering last December, aiming to raise more than $1 billion, Reuters has reported. However, the company is likely to raise less than the targeted amount from the IPO, one of the sources said. It offers four EV models in China, with its 001 crossover priced from 269,000 yuan ($36,927.22) as its best-selling EV. ($1 = 7.2846 Chinese yuan renminbi)Reporting by Zhang Yan in Shanghai and Scott Murdoch in Sydney.

Persons: Goldman Sachs, Morgan Stanley, Zeekr, Zeekr confidentially, Didi, Amnon Shashua, Andy, Zhang Yan, Scott Murdoch, Kane Wu, Kim Coghill Organizations: bourse, underwriters, U.S, Reuters, Mobileye, Intel Corp, Tesla, Zhejiang Geely, Thomson Locations: SHANGHAI, New York, China, United States, Beijing, Zhejiang, Zeekr, Netherlands, Sweden, Germany, Israel, Kazakhstan, Shanghai, Sydney, Hong Kong

☆ Pro Take: Going Beyond Moore’s Law; Semiconductor Innovation Continues, But It Is Tougher
▼ + stars: | 2023-11-08 | by ( Steven Rosenbush | ) www.wsj.com time to read: +1 min

Nvidia says its Grace Hopper Superchip is designed for AI and high-performance computing applications. Photo: Walid Berrazeg/Zuma PressSemiconductors advanced for decades under the principle known as Moore’s Law, a formulation that describes the improvements that underlie the dramatic evolution of digital technology, and in recent years, advanced forms of artificial intelligence such as deep learning. Moore’s Law, an observation, really, was formulated in 1965 by Intel co-founder Gordon Moore , holding that the number of transistors on a chip doubles roughly every year. Transistors once sold for as much as $150 each. In 2019, a typical Intel microprocessor contained five billion of them—each costing $0.0000001.

Persons: Grace Hopper Superchip, Walid Berrazeg, Gordon Moore Organizations: Nvidia, Zuma Press Semiconductors, Moore’s, Intel

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 8 (Reuters) - Semiconductor company Arm Holdings (O9Ty.F), on Wednesday gave a fiscal third-quarter sales outlook below Wall Street estimates, with the company attributing the forecast to a large deal that will likely land later than expected. Arm became publicly listed again in September after Japan's SoftBank Group (9984.T), which still owns more than 90% of Arm, sold off some of its shares. For the current fiscal third quarter, Arm expects a revenue range with a midpoint of $760 million, below analyst estimates of $767.84 million, according to LSEG data. Arm said that royalty revenue for the fiscal second quarter declined to $418 million, below analyst expectations of $420.3 million, according to data from Visible Alpha. Child told Reuters that Arm's second quarter royalty revenues still reflected a chip glut that affected the chip industry broadly.

Persons: Dado Ruvic, Japan's, Ben Bajarin, Jason Child, Child, Stephen Nellis, Max A, Yuvraj Malik, Aurora Ellis, Lisa Shumaker Organizations: REUTERS, - Semiconductor, Arm Holdings, Wednesday, Analysts, Creative, Reuters, Nvidia, Intel, Alpha, Thomson Locations: San Francisco, Bengaluru

☆ Protesting the Ukraine war is banned in Russia, so young people are sabotaging trains and railroad tracks instead: UK intel
▼ + stars: | 2023-11-08 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Activists against Russia's war with Ukraine have been sabotaging railways, UK intel said. As protesting is criminalized in Russia, sabotage is appealing for young people, UK intel said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Russia's military logistics, including supplying the war in Ukraine, remain reliant" on the country's more than 20,000 miles of railway line, the UK intelligence group said. Some of the railroad sabotage cases involved damage to tracks and arson, according to Mediazona.

Persons: —, Vladimir Putin Organizations: intel, UK intel, Service, UK's Ministry of Defense, Russian Locations: Ukraine, Russia, UK

☆ Intel in Lead to Get Billions for Secure Defense-Chip Facilities
▼ + stars: | 2023-11-07 | by ( Yuka Hayashi | Asa Fitch | ) www.wsj.com time to read: 1 min

Intel has ruled the market for central processing units since the 1980s. But rival AMD overtook Intel in market value last year, thanks in part to an expensive bet on chip design. Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications. The facilities—which have yet to be disclosed publicly—would be explicitly designated as a “secure enclave,” according to people familiar with the development. The goal is to reduce the U.S. military’s dependence on chips imported from East Asia, particularly Taiwan, which some say is vulnerable to Chinese invasion.

Persons: WSJ’s Asa Fitch Organizations: Intel, AMD Locations: ”, East Asia, Taiwan

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