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☆ 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

☆ Jill Stein paid $150,000 to a consultant who was indicted over Biden deepfake robocalls
▼ + stars: | 2024-06-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Jill Stein's campaign paid over $150,000 to a man who created deepfake robocalls of Biden's voice. The campaign says he helped with petitioning in NY and that they were unaware of the scandal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJill Stein's presidential campaign hired a political consultant who infamously created deepfake robocalls using President Joe Biden's voice. The Green Party presidential candidate's campaign paid $150,015 to consultant Steve Kramer in May, according to documents filed with the Federal Election Commission on Wednesday.

Persons: Jill Stein's, —, Joe Biden's, Steve Kramer, Stein, Jason, Kramer Organizations: Service, Green Party presidential, Federal, Commission Locations: New Hampshire, NY, New York

☆ Gov. Wes Moore's message of patriotism and service could be a blueprint for Democrats in a divided US
▼ + stars: | 2024-06-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Moore's visit to the Tar Heel State came as Stein, who is now the attorney general, launched his "Veterans for Stein" campaign coalition. "[W]e're pushing back against a lot of these individual forces who are trying to claim this mantle of patriotism and are actually restricting rights in the name of patriotism," Moore told BI at the time. Even though former President Donald Trump won North Carolina in 2016 and 2020, Stein won his attorney general races in the same general election. He said the attorney general shares the values veterans are looking for, especially on issues like health care and housing affordability. "He's consistently stood up for veterans as attorney general," the governor told BI last week.

Persons: —, Wes Moore, Josh Stein, Stein, Moore, shouldn't, Moore's, he's, Michael Feggans, Donald Trump, He's Organizations: Service, Democratic, Business, Veterans, North, 82nd Airborne Division, US Army, Virginia Beach, of, North Carolina Locations: Maryland, North Carolina, Afghanistan, United States, Virginia, Hampton

☆ Tesla's shareholder vote is a positive for the stock, says Bernstein's Toni Sacconaghi
▼ + stars: | 2024-06-14 | 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 EmailTesla's shareholder vote is a positive for the stock, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to approve CEO Elon Musk's $56 billion pay package, the impact on the stock, what's next for the company, and more.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein, Elon Musk's, what's

☆ Wall Street expects Apple's AI updates to power a strong upgrade cycle
▼ + stars: | 2024-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Davidson's Gil Luria to upgrade shares to a buy. Apple shares have lagged major technology peers this year due in part to its failure to share a clear-cut AI plan. Goldman Sachs analyst Michael Ng was "encouraged by the financial implications" of the announcements, noting that new product features should help fuel an iPhone upgrade cycle . Lingering skepticism To be sure, other analysts worry that Apple's AI prospects may not be enough to power significant upgrades. "Contrary to consensus, we maintain the view that Apple's AI strategy will not lead to a significant iPhone upgrade cycle this fall."

Persons: Tim Cook, Siri, D.A, Davidson's Gil Luria, Luria, Goldman Sachs, Michael Ng, Morgan Stanley's Erik Woodring, Woodring, Toni Sacconaghi, Atif Malik, OpenAI, Evercore ISI's Amit Daryanani, Apple's, David Vogt, Tim Long, Long Organizations: Apple, Worldwide, Apple Intelligence, Napster, Citigroup, UBS, Barclays

☆ Apple's AI strategy doesn't mean they have to invent something, says Bernstein's Toni Sacconaghi
▼ + stars: | 2024-06-10 | 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 EmailApple's AI strategy doesn't mean they have to invent something, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein senior analyst, joins 'Squawk on the Street' to discuss what to expect from Apple's WWDC, concerns around search strategies, and more.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein

☆ Here's what to expect from Apple's AI event and how to trade it
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The pressure is heating up on Apple to flaunt its AI potential at its annual Worldwide Developers Conference Monday. Shares of Apple have lagged major technology peers since the start of the year, rising just 1.5%. While the Apple event isn't typically regarded as a big market-moving stock catalyst, the highly anticipated announcement of new generative AI-enabled features changes the narrative this year, Woodring said. He added that shares tend to underperform the S & P 500 by 10 basis points on average on the day of the event. The analyst retained a $225 price target on Apple shares, implying 14% upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, Siri, Tim Cook, Samik Chatterjee, Atif Malik, AAPL, Toni Sacconaghi Organizations: Apple, Developers, Nvidia, Microsoft, Mac, Citigroup, Google, Samsung

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

☆ This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.

Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML

A gas stock and an e-commerce giant were among the stocks being talked about by analysts on Wednesday. The introduction of 2nm, a new generation of chips that are faster and consume less power than previous chips, should lead demand higher for the global semicap industry, analyst Simon Coles wrote in a note. The analyst said Amazon will continue to see growth ahead, however, as it views the e-commerce giant as a strong AI beneficiary. He added that Amazon should see continued OI expansion as Amazon Web Services accelerates and has a multi-billion-dollar AI revenue run-rate. — Pia Singh 5:46 a.m.: JPMorgan upgrades Sunoco Sunoco's recent acquisition will drive a rebound in the stock, according to JPMorgan.

Persons: Bernstein, Simon Coles, TSMC, Coles, — Pia Singh, Adrian Yanoshik, Yanoshik, Stellantis, Fadi, ODFL, Fadi Chamoun, Chamoun, Mark Shmulik, Shmulik, Sunoco, Jeremy Tonet, Tonet, Fred Imbert Organizations: CNBC, Wednesday, JPMorgan, Barclays, Taiwan Semiconductor, BMO Capital Markets, Old Dominion, Dominion Freight, Amazon, Amazon Web Services, NuStar Energy, SUN, NS Locations: U.S, Netherlands

☆ Psychiatrist Henry Jarecki says he had 'consensual' relationship with Jeffrey Epstein victim
▼ + stars: | 2024-06-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Henry Jarecki attends The Accompanied Literary Society's Summer Benefit at The Hudson Sky Terrace at The Hudson Hotel in New York City, June 11, 2007. Famed psychiatrist and former commodities trader Henry Jarecki on Wednesday said he had a "consensual, non-secretive and mutually respectful relationship" with a victim of Jeffrey Epstein who is now suing Jarecki for allegedly raping and sex trafficking her. Jarecki, 91, said the consensual relationship with the woman occurred more than a decade ago. Jarecki's statement, sent to CNBC by his lawyer Sarita Kedia, came two days after the Epstein victim, identified as Jane Doe 11, filed a civil lawsuit against the married psychiatrist in Manhattan federal court. The suit seeks unspecified monetary damages for sexual battery, sex trafficking, and intentional infliction of emotional distress.

Persons: Henry Jarecki, Jeffrey Epstein, Jarecki, Epstein, Sarita Kedia, Jane Doe, I, Brad Edwards Organizations: Sky, CNBC Locations: New York City, Manhattan

☆ AllianceBernstein's Jim Tierney names these stocks as robust, secular growers
▼ + stars: | 2024-06-05 | 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 EmailAllianceBernstein's Jim Tierney names these stocks as robust, secular growersJim Tierney, AllianceBernstein CIO, joins 'Power Lunch' to discuss the markets and growth stock plays he invests.

Persons: Jim Tierney Organizations: AllianceBernstein

☆ Jeffrey Epstein victim sues psychiatrist Henry Jarecki for alleged rape, sex trafficking
▼ + stars: | 2024-06-03 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Henry Jarecki, and Christine Corcoran attend the Annual Freedom Award Benefit Event hosted by International Rescue Committee on November 5, 2014 in New York City. A woman who says she was a sexual abuse victim of Jeffrey Epstein filed a lawsuit Monday against the famed psychiatrist, entrepreneur and commodities trader Henry Jarecki, alleging that Jarecki raped and sex trafficked her after Epstein sent her for psychiatric treatment. Epstein allegedly sent Jarecki other young women for the psychiatrist to "treat" confidentially, in order "to avoid unwanted attention on Epstein's sexual abuse of these young women," the suit alleges. The complaint, which refers to the woman as "Jane Doe 11," says Jarecki "repeatedly raped" her beginning in 2011 until December 2014. "Dr. Jarecki never engaged in any abusive conduct with the complainant or any other person," Kedia said.

Persons: Henry Jarecki, Christine Corcoran, Jeffrey Epstein, Jarecki, Epstein, Jane Doe, Brad Edwards, Edwards, David Boies, Sigrid McCawley, JPMorgan Chase, Sarita Kedia, Kedia Organizations: International, Wall Street, CNBC, JPMorgan Locations: New York City, Manhattan, New York

☆ Nvidia and AMD are now on annual product releases, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-06-03 | 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 and AMD are now on annual product releases, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research managing director and senior analyst, joins 'Squawk on the Street' to discuss Nvidia and AMD's new AI chips, whether Nvidia will maintain its unrivaled position, and much more.

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

☆ Best energy and utility stocks to own for rest of year, according to UBS
▼ + stars: | 2024-05-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

In a Thursday note, analyst Josh Silverstein listed the firm's "most compelling" buy-rated stocks to own across the energy and utilities sectors, including Suncor Energy , Coterra Energy , SLB , NextEra Energy and First Solar . Energy and utilities sectors are faring well this year, gaining 12.5% and 8.9%, respectively, while the broader market has advanced about 9.3%. His $90 price target suggests shares could jump 15.1%. First Solar is another favorite of UBS, which assigned the stock a $350 price target that implies 26.5% upside. Other energy and utility favorites UBS named include Coterra and Suncor Energy .

Persons: Josh Silverstein, William Appicelli, Jon Windham, —, SLB Organizations: UBS, Suncor Energy, Coterra Energy, NextEra Energy, . Energy, Big Tech Locations: Schlumberger

☆ Texas Instruments CEO open to activist Elliott's free cash flow proposal
▼ + stars: | 2024-05-30 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

"We definitely look forward to engaging in a constructive dialogue with Elliott," Ilan said at AllianceBernstein's Strategic Decisions conference, marking his first public remarks since the activist revealed a $2.5 billion position in the company. Texas Instruments has spent heavily on chip fabrication plants, or fabs, as it seeks to maintain its dominant position in the analog semiconductor market. But that growth in capex has come at a significant cost to free cash flow per share, a self-declared key metric for TI, Elliott noted. By Elliott's analysis, FCF per share fell from $6.40 in 2022 to $1.47 per share in 2023. But it remains a giant business, accounting for $13 billion or 74% of TI's revenue in 2023.

Persons: Haviv Ilan, Elliott, Ilan Organizations: Texas, CNBC, TI, Texas Instruments, Micron Technologies Locations: Utah, capex

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ Wells Fargo CEO talks up reasons to love the stock — plus, what's behind the market drop
▼ + stars: | 2024-05-29 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Apple and Nvidia, our two "own, don't trade" stocks were also the top performers among the entire 33 stock Club portfolio. When the Federal Reserve at some point removes its asset cap on Wells Fargo, Scharf said corporate lending and trading will be areas of growth for the bank. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Hess, Merck, Morgan Chittum, Charlie Scharf, Scharf, Wells, Wells Fargo's, " Scharf, it's, Wells Fargo, Eli Lilly, CNBC's David Faber, Locker, Jim Cramer's, Jim Organizations: CNBC, Dow, Nvidia, American Airlines, Tech, Apple, Microsoft, ConocoPhillips, Chevron, Banking, Investing Club, Wells, Bernstein's, Investment Banking, Wealth Management, Federal Reserve, FDA, Club, Costco, Broadcom, Jim Cramer's Charitable Locations: Wells Fargo

☆ Nvidia still looks relatively inexpensive for its growth trajectory, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-05-28 | 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 looks relatively inexpensive for its growth trajectory, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein chip analyst, joins 'Closing Bell' to discuss raising his price target on Nvidia.

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

☆ Travel demand remains really strong and remote work is adding to it, says Bernstein's David Vernon
▼ + stars: | 2024-05-24 | 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 EmailTravel demand remains really strong and remote work is adding to it, says Bernstein's David VernonDavid Vernon, Bernstein senior research analyst, joins 'Squawk Box' to discuss the current the boom in travel, any switch in the peak days of travel, and what the analyst likes from the travel companies.

Persons: Bernstein's David Vernon David Vernon, Bernstein

☆ Nvidia shares pop 10% to record high after forecast signals unwavering demand for AI chips
▼ + stars: | 2024-05-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia shares jumped more than 10% on Thursday after the company on Wednesday reported earnings that topped Wall Street estimates and showed that there's still ferocious demand for its artificial intelligence chips. First-quarter revenue came in higher than expected at $26.04 billion compared with the LSEG estimate of $24.65 billion. The company issued strong guidance, saying it expects $28 billion in revenue for the current quarter, beating the LSEG estimate of $26.61 billion. Shares passed $1,000 for the first time, reaching an all-time high of $1,051.96 during intraday trading, and are up about 111% this year. Nvidia on Wednesday announced a 10-for-1 stock split, with shares set to begin trading on a split-adjusted basis at market open on June 10.

Persons: Jensen Huang, there's, Bernstein's Stacy Rasgon, Jefferies, Blackwell Organizations: Nvidia, Intelligence, SAP Center, Wednesday Locations: San Jose , California

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

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

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

☆ The market is rewarding those companies that are delivering on earnings: Dynamic Funds' Blackstein
▼ + stars: | 2024-05-22 | 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 EmailThe market is rewarding those companies that are delivering on earnings: Dynamic Funds' BlacksteinNoah Blackstein, senior portfolio manager at Dynamic Funds, joins 'Squawk Box' to discuss how the portfolio manager reads the risk-reward in equities, Blackstein's confidence on rate cuts, and more.

Persons: Noah Blackstein Organizations: Dynamic Funds

☆ This quarter isn't going to define Nvidia, says Requisite's Bryn Talkington
▼ + stars: | 2024-05-22 | 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 EmailThis quarter isn't going to define Nvidia, says Requisite's Bryn TalkingtonRitholtz's Josh Brown, Requisite's Bryn Talkington, and Bernstein's Stacy Rasgon join 'Closing Bell' to discuss Nvidia ahead of earnings and what it means for the broader market.

Persons: Requisite's Bryn Talkington, Josh Brown, Bernstein's Stacy Rasgon Organizations: Nvidia

☆ Watch CNBC’s full interview with Ritholtz’s Josh Brown, Requisite’s Bryn Talkington and Bernstein’s Stacy Rasgon
▼ + stars: | 2024-05-22 | 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 EmailWatch CNBC’s full interview with Ritholtz’s Josh Brown, Requisite’s Bryn Talkington and Bernstein’s Stacy RasgonRitholtz's Josh Brown, Requisite's Bryn Talkington, and Bernstein's Stacy Rasgon join 'Closing Bell' to discuss Nvidia ahead of earnings and what it means for the broader market.

Persons: Ritholtz’s Josh Brown, Requisite’s Bryn, Bernstein’s Stacy Rasgon Ritholtz's Josh Brown, Requisite's Bryn Talkington, Bernstein's Stacy Rasgon Organizations: Nvidia

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