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☆ America's fallen tech giant Intel is facing a crossroads
▼ + stars: | 2024-09-20 | by ( Helen Li | ) www.businessinsider.com time to read: +6 min

Read previewThe chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. AdvertisementThe foundry side of Intel's business could also be in question, putting its billions in CHIPS and Science Act funding in jeopardy. Related storiesPreviously, Qualcomm had explored buying pieces of Intel's design business, Reuters reported. Intel's foundries would be expected to compete more against companies like GlobalFoundries, TSMC, and Samsung. The expanded collaboration between the two tech companies helps give more confidence about Intel capturing the AI boom, Rasgon said.

Persons: —, Pat Gelsinger, Biden, Logan Purk, Edward Jones, Purk, Dan Morgan, There's, Intel's, Morgan, Lisa Su's, Stacy Rasgon, Rasgon Organizations: Service, Intel, Qualcomm, Wall Street, Amazon, Business, Biden Administration, Reuters, Samsung, Nvidia, AMD, Bernstein Research, Amazon Gelsinger, Amazon Web Services, Apple Locations: American, Synovus, Abu Dhabi

☆ Nvidia still has legs and room to run, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia still has legs and room to run, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research chip analyst, joins 'Closing Bell' to discuss Nvidia as the stock began to rally this week after having a slight pullback.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Nvidia, Bernstein Research

☆ Fossils show that massive pterosaurs could fly millions of years ago
▼ + stars: | 2024-09-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

The newly discovered fossils preserved 3D structures within the delicate wing bones, which typically are found flattened like pancakes within rock layers. CT scans of the fossils provided a rare glimpse inside the wing bones belonging to two species of pterosaurs, including one new to science. These are not unlike those found in the wing bones of modern birds that flap their wings to fly, Rosenbach said. In contrast, spiral ridges within Arambourgiania’s wing bones resembled the interiors of vulture wing bones, which are thought to resist the forces associated with soaring. “They represent the largest animals with the capacity to fly,” Rosenbach said of the extinct reptiles.

Persons: Kierstin Rosenbach, It’s, Tal Inab, “, philadelphiae, Jordan, Rosenbach, ” Rosenbach, Kierstin, Monique Perez, Stacy Kaneko, Danielle Goodvin, Jeff Wilson Mantilla, ”, Michael Benton, Benton, “ It’s, Dr Organizations: CNN, University of Michigan, University of Michigan’s, of Paleontology, University of Bristol Locations: what’s, Jordan, Africa, Ann Arbor, Arambourgiania, United Kingdom

☆ This semiconductor ETF just had its worst week since 2020. Here's what's next
▼ + stars: | 2024-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The VanEck Semiconductor ETF (SMH) sank 11.7% in the Labor Day-shortened, four-day trading week. That was its worst week since a 15.2% drop in March 2020, spurred by the Covid lockdown. SMH 3M mountain This semiconductor ETF just had its worst week since 2020. VanEck itself launched a somewhat narrower version of the fund — the VanEck Fabless Semiconductor ETF (SMHX) , with 22 stocks — last month. Looking ahead, investors will likely get updates from several chipmakers next week at the Goldman Sachs Communacopia + Technology Conference.

Persons: it's, Cantor Fitzgerald, CJ Muse, Muse, —, Bernstein, Stacy Rasgon, Rasgon, VanEck, Nick Frasse, Frasse, Goldman Sachs, CNBC's Gina Francolla Organizations: VanEck Semiconductor, Labor, Nvidia, Taiwan Semiconductor Manufacturing, Wall Street, SOX, CNBC, Intel, Broadcom, Semiconductor, Technology Conference, Devices Locations: VanEck

☆ How Google makes custom chips used to train Apple AI models and its own chatbot, Gemini
▼ + stars: | 2024-08-23 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

He's been covering Google's custom cloud chips since they launched in 2015. Google was the first cloud provider to make custom AI chips. Microsoft 's first custom AI chip, Maia, wasn't announced until the end of 2023. But being first in AI chips hasn't translated to a top spot in the overall rat race of generative AI. Google TPUs still dominate among custom cloud AI accelerators, with 58% of the market share, according to The Futurum Group.

Persons: Google's, Daniel Newman, He's, Maia, wasn't, Gemini, OpenAI's ChatGPT, Newman, Amin Vahdat, Marc Ganley, Vahdat, they've, Stacy Rasgon, Rasgon, it's Organizations: Google, Apple, Apple Intelligence, Nvidia, Futurum, Amazon Web Services, Microsoft, CNBC, Systems, Unit, Bernstein Research, Broadcom, TSMC, Trillium, Taiwan Semiconductor Manufacturing Company, Intel, Samsung Locations: Mountain View , California, China, Taiwan, U.S

☆ Texas Sues G.M. Over Collection and Selling of Driver Data
▼ + stars: | 2024-08-13 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

The state of Texas sued General Motors on Tuesday, accusing the automaker of collecting detailed driving data on 16 million drivers and selling it to insurance companies without their consent. “Millions of American drivers wanted to buy a car, not a comprehensive surveillance system that unlawfully records information about every drive they take and sells their data to any company willing to pay for it,” said Ken Paxton, the state’s attorney general. spokeswoman said the company had been “in discussions” with the attorney general’s office and was reviewing the complaint. “We share the desire to protect consumers’ privacy,” she said. Many customers’ insurance premiums soared because of the data contained in those reports.

Persons: ”, Ken Paxton, Paxton Organizations: General Motors, The New York Times, Motors Locations: Texas

☆ Nvidia Tumbles After Reports of Chip Delay
▼ + stars: | 2024-08-05 | by ( Tripp Mickle | More About Tripp Mickle | ) www.nytimes.com time to read: +1 min

Nvidia shares tumbled more than 10 percent in early trading on Monday after reports that the company would delay shipments of its newest artificial intelligence chip, but the stock later rebounded as investors’ concerns about the costs of the delay faded. The Information, a tech news outlet, reported on Friday that Nvidia would be shipping its latest graphics processing unit, or GPU, which make it possible to create A.I. Nvidia said in a statement that production for the chip, which is called Blackwell, was on track for later this year and added that customer orders and interest were high. That expansion means that Nvidia chips will be in demand, he said. “Nvidia’s competitive window is so large right now that we don’t think a three-month delay will cause significant share shifts,” Mr. Rasgon said.

Persons: Blackwell, Stacy Rasgon, Bernstein, “, Mr, Rasgon Organizations: Nvidia, Microsoft

☆ Intel heads for worst day on Wall Street in 50 years
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel heads for worst day on Wall Street in 50 yearsStacy Rasgon, Bernstein managing director and senior analyst, joins 'Closing Bell' to discuss Intel Intel as the company is headed for worst day on Wall Street in 50 years

Persons: Stacy Rasgon, Bernstein Organizations: Intel, Intel Intel

☆ Opinion | The Founders Saw This Insane Political Moment Coming 237 Years Ago
▼ + stars: | 2024-08-01 | by ( Stacy Schiff | ) www.nytimes.com time to read: +1 min

To understand how we got here, it’s helpful to return to another sweltering summer, a summer when everything actually was without precedent. The 55 men who assembled in Philadelphia 237 years ago to hammer out an American Constitution differed on a great many things. Among the rare points on which most agreed was that the American people could not be trusted to choose a president for themselves. Slavery (barely discussed) and the mechanics of representation (much discussed) proved vexing. But few questions so confounded the delegates to the 1787 Constitutional Convention as those pertaining to the American presidency.

Locations: Philadelphia

☆ AMD vs. Nvidia: Bernstein's Stacy Rasgon breaks down the state of the chip wars
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMD vs. Nvidia: Bernstein's Stacy Rasgon breaks down the state of the chip warsStacy Rasgon, Bernstein, joins 'Closing Bell' to discuss the semiconductor sector and the chip war between AMD and Nvidia.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein Organizations: AMD, Nvidia

☆ Bernstein's Rasgon on AMD earnings: AI story is all that matters to investors
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Rasgon on AMD earnings: AI story is all that matters to investorsStacy Rasgon, Bernstein, joins 'Fast Money' to talk what to expect from tech earnings next week.

Persons: Stacy Rasgon, Bernstein

☆ The cofounder of MoviePass is raising $20 million from Amazon and Alphabet for a longevity-focused venture studio
▼ + stars: | 2024-07-23 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

MoviePass ousted Watt, along with its other cofounder Stacy Spikes, from the company two years before filing for bankruptcy. Since then, Watt has been building Share Ventures, a venture studio that's now closed on nearly $20 million of funding from backers including Amazon and Alphabet. Share Ventures has quietly been spinning up those startups and plans to start announcing them in the coming months. Oral health company Feno, one of Share Ventures' portfolio companies, is working on a smart toothbrush powered by AI. Share VenturesAI is supercharging the venture studio modelThreats to the venture capital industry, from high interest rates to the explosion of AI, aren't letting up.

Persons: —, Watt, MoviePass, Stacy Spikes, Spikes, he'd, It's, Smart, that's, they're Organizations: Service, HBO, Business, Share Ventures, Ventures, Oral

☆ Teoscar Hernández becomes first Dodgers player to win the Home Run Derby
▼ + stars: | 2024-07-16 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

Hernández hit 14 home runs in the final round to become the first Dodgers player in franchise history and seventh Dominican-born player to win the event. In the first round, Hernández belted 13 home runs before entering the three-out bonus period. Trailing behind Texas Rangers slugger Adolis Garcia’s 18 home runs, Hernández rallied by launching six home runs to surpass him and advance. Hernández managed to hit two home runs in the three-swing swing-off, while Bohm hit only one, to book his spot in the final. The time and pitches were reduced in the final round to two minutes and 27 pitches.

Persons: Teoscar Hernández, Bobby Witt Jr, Hernández, ” Hernández, Witt Jr, ’, Adolis Garcia’s, Alec Bohm –, Bohm, Stacy Revere Organizations: CNN, Los Angeles Dodgers, Derby, Kansas City Royals, Life, Dodgers, ESPN, Texas Rangers, Philadelphia Phillies, Phillies, League Baseball’s, National League, American League Locations: Arlington , Texas, Dominican

Stubborn inflation is taking a toll on the nation’s largest banks. On Friday, JPMorgan Chase and Wells Fargo released earnings that were stuttered with indications that despite recent signs of cooling inflation, the economy continues to be a drag. The bank reported profit of $4.9 billion, down slightly from a year earlier, on revenue of $20.7 billion, up 1 percent from last year. On one hand, the nation’s largest bank pulled in $13.1 billion in profit, but it concurrently disclosed more than half a billion dollars in losses from having to offload sinking mortgage investments, among others. Overall results were bolstered by its investment banking and trading business, and a one time windfall from the sale of shares in Visa.

Persons: Wells, Wells Fargo’s, —, ”, Charles W, Scharf Organizations: JPMorgan Chase, Visa

☆ Bernstein's Stacy Rasgon on why Nvidia still has room to run
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Stacy Rasgon on why Nvidia still has room to runStacy Rasgon, senior semiconductor analyst at Bernstein, joins CNBC's 'The Exchange' to discuss semiconductor stocks, beneficiaries of AI, and more.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein Organizations: Nvidia

☆ Student Loan Borrowers Owe $1.6 Trillion. Nearly Half Aren’t Paying.
▼ + stars: | 2024-07-02 | by ( Stacy Cowley | ) www.nytimes.com time to read: 1 min

After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting the $1.6 trillion it is owed. At the end of March, six months after the hiatus ended, nearly 20 million borrowers were making their payments as scheduled. But almost 19 million were not, leaving their accounts delinquent, in default or still on pause, according to the latest Education Department data. “The nonpayment rate really is emblematic of a system that’s not doing its job,” said Persis Yu, the managing counsel for the Student Borrower Protection Center, an advocacy group.

Persons: ”, Persis Yu Organizations: Education Department, Student, Protection

☆ Composting could be set for U.S. boom, and it needs one, decades behind recycling
▼ + stars: | 2024-06-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.

Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten

☆ MoviePass CEO: The sooner you learn to embrace failure, 'the faster you get to what works'
▼ + stars: | 2024-06-28 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

He says it has been "remarkable to have the opportunity" to build the company back up. "It's almost biblical, it doesn't happen," Spikes tells CNBC Make It. "There's a few folkloric experiences like Steve Jobs returning to Apple or Michael Dell returning to Dell Computers when the companies were in trouble. I think MoviePass is the first time where the company had shut its doors and went down to zero, operationally." "It shows you you weren't crazy for what you were trying to build," he tells Make It.

Persons: Stacy Spikes, MoviePass, Spikes, Steve Jobs, Michael Dell Organizations: CNBC, Apple, Dell Computers, Comcast's, Labs, Spikes

☆ How to become an influencer and start making money
▼ + stars: | 2024-06-21 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +13 min

Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. Take a look at new data on influencer brand deals in 2024Platforms also pay creators based on their video views and engagement. Read more about how TikTokers can score huge paydays for longer videosOn Snapchat, creators have had success making money from its ad-revenue program. Related storiesAffiliate marketing is another popular way to make money after becoming an influencer. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media.

Persons: —, Ayomi Samaraweera, Samaraweera, Nadya Okamoto, influencers, Stacy Kim, Maesha, Instagram, Nate White, I've, MrBeast, Read, videographer Tej Patel, AJ, Grey, influencer Janesha Moore, Moore, makeups, Paulina Perez, she's, Perez, Slack, Lissette Calveiro, Christen Nino de Guzman's Clara, Nino de Guzman, Christen Nino De Guzman, Alix Earle ., Kensington, that's, Danielle Pistotnik, publicists Organizations: Service, YouTube, Business, Samsung, Verizon, Amazon, Brand, UTA, CAA, Management Locations: California

☆ Nvidia's stock is not surprising given its trajectory and the numbers, says Bernstein's Rasgon
▼ + stars: | 2024-06-20 | 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 EmailNvidia's stock is not surprising given its trajectory and the numbers, says Bernstein's RasgonStacy Rasgon, Bernstein Research managing director and senior analyst, joins 'Squawk on the Street' to discuss the analyst's price target for Nvidia, where the company's valuation currently sits, and much more.

Persons: Bernstein's Rasgon Stacy Rasgon Organizations: Bernstein Research, Nvidia

☆ ‘Black Barbie: A Documentary’ takes a deeper look at a trailblazing doll
▼ + stars: | 2024-06-20 | by ( Kaila Nichols | ) edition.cnn.com time to read: +6 min

And so she did: “Black Barbie: A Documentary,” her newly-released project, takes a deeper look at the story behind Black Barbie and its impact on representation in the toy business, and culture more broadly. The first Black Barbie (pictured center) wore a bold red dress, gold jewelry and an afro. The actual Black Barbie doll didn’t become a reality until decades later, after the company hired Kitty Black Perkins in 1976 as its first Black designer. “Having Black Barbie (dolls) just reinforces the fact that being Black is fly and amazing — and that Black women are gorgeous. Black Barbie is also validation for us filmmakers, everybody who worked on it, being seen and heard in this industry,” she added.

Persons: Lagueria Davis, Beulah Mitchell, Davis —, —, Barbie, ” Davis, Black Barbie, Black, Shonda Rhimes, Misty Copeland, Ibtihaj Muhammad, Maxine Waters, Copeland, Muhammad, Mitchell, Ruth Handler, Patricia A, Turner, Handler, “, ” Mitchell, “ Christie ”, Julia ”, Christie, Julia, Diahann Carroll, Kitty Black Perkins, Black Barbie’s, Black Perkins, ” Black Perkins, Aaliyah Williams, ”, ’, White, Yolanda Hester, Shani, Stacey McBride, Irby, McBride, Kitty, Stacy, Williams Organizations: CNN, Mattel, SXSW, Black, Netflix, “ Locations: Mitchell’s

On Today’s Episode:Weakened Leaders of the West Gather in Italy to Discuss an Unruly World, by Mark Landler and Steven Erlanger171,000 Traveled for Abortions Last Year. See Where They Went., by Molly Cook Escobar, Amy Schoenfeld Walker, Allison McCann, Scott Reinhard and Helmuth RosalesStudent Loan Bills Are Dropping Next Month for Many, but There’s a Hiccup, by Stacy Cowley

Persons: Mark Landler, Steven Erlanger, Molly Cook Escobar, Amy Schoenfeld Walker, Allison McCann, Scott Reinhard, Helmuth Rosales, Stacy Cowley Organizations: Bills Locations: Italy

☆ US officials who resigned over Biden’s Gaza policy are working together to put pressure on admin
▼ + stars: | 2024-06-08 | by ( Jennifer Hansler | Kylie Atwood | ) edition.cnn.com time to read: +10 min

CNN —A group of US officials who publicly resigned over the Biden administration’s Gaza policy are banding together to support ongoing dissent and put pressure on the government to change course. Many of the officials who resigned publicly said they would instead seek to have an impact outside the government. Some of those who publicly resigned had particular breaking points; others said it was the collective toll of incidents throughout the conflict. Biden administration officials have said that they respect differences of opinions. Many officials told CNN they spoke with other officials who had resigned publicly to seek advice before going public with their own resignations.

Persons: Joe Biden, Josh Paul, Harrison Mann, Tariq Habash, Annelle Sheline, Hala Rharrit, Lily Greenberg, Alex Smith, Stacy Gilbert –, Josh Paul CNN “, ”, Paul, …, ” Mann, Gilbert, “, Israel, Stacey Gilbert, Stacey Gilbert “, ” Gilbert, Biden, Matthew Miller, Samantha Power, ‘, Smith, Mann, ” Smith, Alex Smith CNN, Greenberg, ” Lily Greenberg, didn’t, ” “, ” Greenberg Organizations: CNN, Biden, Israel, State Department, ”, US Agency for International Development, USAID, NPR, Interior Department, Army, Defense Intelligence Agency Locations: Gaza, Israel, –, United States

☆ Move over, Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales
▼ + stars: | 2024-06-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chipmaker Nvidia is clearly the poster child for artificial intelligence, according to one portfolio manager — but she says another firm is being overlooked. "[We] think of Nvidia as the poster child for AI chips, and they are. But, [Broadcom] was another company that posted over a billion in revenue from AI chips," Pleydell-Bouverie told CNBC's Pro Talks . For the first quarter , Broadcom said revenue came in at $11.96 billion , topping analysts' forecasts of $11.72 billion. AVGO YTD mountain Year-to-date share movement in Broadcom Pleydell-Bouverie flagged that the company has a "leading position" in segments like custom ASICs (Application-Specific Integrated Circuits).

Persons: —, Clare Pleydell, Bouverie, CNBC's, Hock Tan, Bernstein, Stacy Rasgon, Fred Imbert Organizations: Nvidia, Broadcom Inc, Broadcom, Nasdaq, Broadcom Pleydell, Circuits, Liontrust Global Technology Fund, Technology

☆ Buy these stocks where AI is becoming core to the investment thesis, Morgan Stanley says
▼ + stars: | 2024-06-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Buying stocks with a rising exposure to artificial intelligence could lead to outperformance later this year, according to Morgan Stanley. But for investors who have missed out on the AI trade, Morgan Stanley says it's not too late. In a recent note, a team of eight Morgan Stanley strategists led by Edward Stanley highlighted a group of stocks where artificial intelligence is beginning to play a bigger role in their business, which they called "the enablers." "We believe this strategy of picking stocks where AI materiality is increasing will continue to work for investors for the remainder of 2024," Morgan Stanley wrote. Earlier this week, both Morgan Stanley and Goldman Sachs reiterated buy ratings on First Solar.

Persons: outperformance, Morgan Stanley, Jensen, it's, Edward Stanley, enablers, Morgan, FactSet, Goldman Sachs, Bernstein, Stacy Rasgon, Melius, Raymond James, Josh Beck, Michael Bloom Organizations: Nvidia, Broadcom, Bernstein Research, JPMorgan, Facebook Locations: Thursday's

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