Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Nvidia’s"


25 mentions found


This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets poppedU.S. stocks had a great Tuesday, with the S&P 500 and Nasdaq Composite advancing more than 1% each. Nvidia's record closeNvidia shares popped 4.16% Tuesday to close at a record of $487.84. Here's why Slimmon thinks stocks will rise despite struggling in August — and the three stocks to buy to ride on the wave.
Persons: Australia's, David, Susan Schwartz, Bitcoin, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Nasdaq, Nvidia, Google, Costco, Securities and Exchange Commission, Fidelity, Morgan, Morgan Stanley Investment Locations: Asia, BlackRock, Coinbase,
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/this-company-is-nvidias-ai-chip-partnerand-its-stock-is-soaring-a31e2a9d
Persons: Dow Jones
The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. In Septembers since 1945, the S&P 500 has declined an average of 0.7%, the worst performance of any month, according to CFRA. Of course, bullish stock investors have largely been rewarded for looking past potential pitfalls this year. "The correction started on the first day of the month, and now it has corrected the conditions that made it vulnerable," Hayes said. Reporting by David Randall; Additional reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Jack Janasiewicz, Janasiewicz, Jerome Powell, Sandy Villere, Goldman Sachs, Tim Hayes, Ned Davis, Hayes, David Randall, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Reserve, Natixis, Solutions, U.S, Villere, Pfizer, Abbott Laboratories, Investors, Republicans, U.S . House, Goldman, Federal, Ned, Ned Davis Research, Thomson Locations: New York City, U.S, Jackson
Stocks Sink Despite Nvidia’s Blowout Earnings
  + stars: | 2023-08-25 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-08-24-2023-2395e6d3
Persons: Dow Jones Organizations: dow
Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. Indeed, some investors welcomed Nvidia's buyback decision. "It’s a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares.
Persons: Dado Ruvic, Lip, Daniel Morgan, Morgan, Refinitiv, Tom Plumb, Plumb, buyback, Howard Silverblatt, Dow, Daniel Klausner, Houlihan Lokey, Nvidia's, Francisco Bido, Lewis Krauskopf, Chibuike Oguh, Lance Tupper, Echo Wang, Stephen Nellis, Ira Iosebashvili, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Companies, Wealth Management, Synovus, Plumb Funds, Arm Holdings, Dow Jones, Apple, Tech, Investments, Thomson Locations: New York, San Francisco
Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. Indeed, some investors welcomed Nvidia's buyback decision. "It’s a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares.
Persons: Dado Ruvic, Lip, Daniel Morgan, Morgan, Refinitiv, Tom Plumb, Plumb, buyback, Howard Silverblatt, Dow, Daniel Klausner, Houlihan Lokey, Nvidia's, Francisco Bido, Lewis Krauskopf, Chibuike Oguh, Lance Tupper, Echo Wang, Stephen Nellis, Ira Iosebashvili, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Companies, Wealth Management, Synovus, Plumb Funds, Arm Holdings, Dow Jones, Apple, Tech, Investments, Thomson Locations: New York, San Francisco
Nvidia’s AI Surge Is Just Getting Started
  + stars: | 2023-08-24 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/earnings/nvidias-ai-surge-is-just-getting-started-130903da
Persons: Dow Jones, 130903da
AI frenzy’s feedback loop stuffs Nvidia
  + stars: | 2023-08-24 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
NEW YORK, Aug 23 (Reuters Breakingviews) - The ducks on Wall Street are quacking for artificial intelligence, and that means Nvidia (NVDA.O) gets fed. Under co-founder Jensen Huang, Nvidia has built a business that dominates the design of specialized chips that are an essential component in training AI systems. Alphabet is already investing $7 billion a quarter, and promised last month it would ramp capital spending further as it beefs up in AI. While companies talk up the potential of AI, it hasn’t yet generated much revenue, even for prime booster Microsoft. Should Wall Street sour on AI, Nvidia’s valuation would look overstuffed.
Persons: Jensen Huang, Amy Hood, Jonathan Guilford, Sharon Lam Organizations: Reuters, Nvidia, Nasdaq, Microsoft, Google, Thomson
New York CNN —The stock market has boomed this year, and one big reason is a company without much name recognition — unless you’re a hard core video gamer. Nvidia (NVDA) has surged 222% this year, including a 3% bump Thursday following super impressive earnings. But Nvidia is by far the most sought-after AI stock. Revenue went from $6.7 billion in the second quarter last year to $13.5 billion this year. The results were even stronger than the $11.2 billion in revenue that Wall Street analysts expected.
Persons: it’s, Jacob Bourne, Raj Joshi Organizations: New, New York CNN, Nvidia, Meta, Nasdaq, Revenue, Wall, Federal Reserve, , Intelligence, Moody’s Investors Service Locations: New York, Santa Clara , California
They also sharply raised the interest in what Nvidia might say the next time about chip demand for its current quarter, which ends in October. Nvidia projected third-quarter sales of $16 billion, nearly triple the level a year ago and $3.7 billion more than analysts’ average expectations of around $12.3 billion. Other tech companies like Google and Microsoft are spending billions and making little on A.I., but Nvidia is cashing in. Jensen Huang, Nvidia’s chief executive, said major cloud services and other companies were investing to bring Nvidia’s A.I. Until recently, Nvidia got the biggest share of its revenue from sales of GPUs for rendering images in video games.
Persons: Jensen Huang, Nvidia’s, Organizations: Nvidia, Google, Microsoft
New York CNN —The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia. Nvidia expects revenue to be even higher in the current quarter: forecasting revenue of $16 billion for its fiscal third quarter. Nvidia’s stock has climbed by just over 220% since the start of this year amid a surge in the popularity of and demand for artificial intelligence technology. The American chipmaker produces processors that power generative AI, technology that can create text, images and other media — and which forms the foundation of buzzy new services such as ChatGPT. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” Nvidia CEO Jensen Huang said in a statement, adding that the company is working with “Leading enterprise IT system and software providers … to bring NVIDIA AI to every industry.”“The race is on to adopt generative AI,” he said.
Persons: Zakaria, , Colette Kress, Jensen Huang, Huang, Jacob Bourne, , ” Kress Organizations: CNN, Intelligence, New, New York CNN, Nvidia, Santa, Wall, Companies, NVIDIA, Locations: New York, Santa Clara , California
CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.
Persons: Jensen Huang, Phillip Toews, that’s, , , Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, , X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West
REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Aug 23 (Reuters) - Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. The market's turbulence is intensifying focus on Nvidia's fiscal second quarter report, due after market close on Wednesday. Following that report, the S&P 500 technology sector (.SPLRCT) rallied 8% over the next five days. Signs that the central bank intends to hold rates around current levels for longer than investors had anticipated could further weigh on stocks. In a Monday note, Goldman analysts said an equal-weighted basket of those 11 stocks had returned 69% so far in 2023, outpacing a 7% gain for the overall equal-weight S&P 500.
Persons: Robert Galbraith, Anthony Saglimbene, Chuck Carlson, Jerome Powell, Goldman Sachs, Goldman, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Apple, Microsoft, Big Tech, Ameriprise, Reuters, Societe Generale, Horizon Investment Services, Nasdaq, Federal, NVDA, Goldman, Thomson Locations: Santa Clara , California, U.S, Jackson Hole , Wyoming, outpacing, New York
How Nvidia Built a Competitive Moat Around A.I. Chips
  + stars: | 2023-08-21 | by ( Don Clark | ) www.nytimes.com   time to read: +1 min
Over more than 10 years, Nvidia has built a nearly impregnable lead in producing chips that can perform complex A.I. trend early, tailoring its chips to those tasks and then developing key pieces of software that aid in A.I. That has turned Nvidia, for all intents and purposes, into a one-stop shop for A.I. chips, Nvidia today accounts for more than 70 percent of A.I. revolution became clear when it projected a 64 percent leap in quarterly revenue, far more than Wall Street had expected.
Persons: Jensen Huang, Nvidia’s Organizations: Nvidia, Google, Meta, IBM, Wall
Arm is a British tech company that architects power-sipping microchips for phones and tablets and licenses them to CPU makers, including Apple and Samsung. Softbank tried to offload Arm to Nvidia for $40 billion, in what would have been the biggest chip deal of all time. But global antitrust regulators put a stop to it, and the deal fell apart in February 2022. Softbank CEO Masayoshi Son has touted Arm as an AI company that could have “exponential growth.” He promised ChatGPT-like services would eventually be offered on Arm-designed machines. But Arm said it does not make AI chips and is not a direct competitor to Nvidia and others that make chips that are purpose-built for AI.
Persons: New York CNN —, Japan’s Softbank, Softbank, Masayoshi Son, , Arm, Organizations: New, New York CNN, Apple, Samsung, Nvidia, Reuters, Saudi Vision Fund, Financial Times Locations: New York, British
AI is being held up by a shortage of powerful chips
  + stars: | 2023-08-06 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
CNN —The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop and field AI models. The latest sign of a potentially extended shortage in AI chips came in Microsoft’s annual report recently. In its May earnings call, Nvidia said it had “procured substantially higher supply for the second half of the year” to meet the rising demand for AI chips. AMD, meanwhile, said Tuesday it expects to unveil its answer to Nvidia’s AI GPUs closer to the end of the year. The chip shortage is expected to ease as more manufacturing comes online and as competitors to Nvidia also expand their offerings.
Persons: Microsoft’s, Sam Altman, Samuel Altman, OpenAI, Win McNamee, ” Altman, Raj Joshi, could’ve, ” Joshi, , Joshi, , Lisa Su, we’ve, Sid Sheth, Biden, can’t, ” Sheth, Sheth Organizations: CNN, Microsoft, Privacy, Technology, Moody’s Investors Service, Nvidia, Intel, AMD Locations: Microsoft’s, Washington ,
AI investment is booming. How much is hype?
  + stars: | 2023-07-23 | by ( Anna Cooban | ) edition.cnn.com   time to read: +7 min
The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The bulk of this sum comes from Microsoft (MSFT)’s $10 billion investment, announced in January, in OpenAI, the developer of popular generative AI chatbot ChatGPT. But even excluding Microsoft’s bumper deal, the value of VC investments in generative AI was up by almost 58% compared with the same period in 2022. “Buying a ‘dot-ai’ domain, and claiming to be an AI company… doesn’t really make you an AI company,” Jacobs told CNN.
Persons: Antoine Moyroud, wasn’t, , Arthur Mensch, Nathan Laine, hasn’t, ” Mostaque, jostling, Moyroud, , ’ “, , ” Moyroud, It’s, Jaap Arriens, Goldman Sachs, Stocks, Mike Reynolds, Reynolds, , “ It’s, ” Reynolds, ” Jordan Jacobs, … doesn’t, ” Jacobs Organizations: London CNN, Lightspeed Venture Partners, CNN, Mistral, Viva Tech, Bloomberg, Getty, Stability, Microsoft, Meta, Nvidia, Nasdaq, Cisco, Radical Ventures Locations: French, Paris, California, OpenAI, , Toronto
From Alphabet to Meta , Richard Clode, portfolio manager at Janus Henderson Investors, is a fan of Big Tech — but his interest in the sector goes beyond the behemoths. Clode, who manages the Horizon Global Technology Leaders Fund and the Horizon Sustainable Future Technologies Fund, will reveal how he selects stocks that he judges to be underappreciated by the market. Top holdings in his funds include chipmakers Nvidia and TSMC , payments giants Mastercard and Visa and a range of Big Tech stocks. Join CNBC Pro Talks here on Wednesday, June 19, at 1:30 p.m. SGT / 6:30 a.m. BST / 1:30 a.m. Learn more from our previous Pro Talks: This U.S. biotech stock is up 90% this year and will continue to soar, fund manager says Aging populations are creating major opportunities, fund manager says.
Persons: Richard Clode, Janus Henderson, Koulouris, Clode, Goldman Sachs Organizations: Janus Henderson Investors, Big Tech, Horizon Global Technology, Fund, Technologies Fund, Nvidia, Mastercard, Visa, Nasdaq, Global Technology, Technologies, Moore, Pioneer Investments, Pro, UBS Locations: Gartmore
Hong Kong CNN —Nvidia warned Wednesday that if the United States imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry. The rules, as reported, could make it harder for companies like Nvidia (NVDA) to sell advanced chips to China. Fueled by a boom in demand for its AI chips, the company briefly hit a market capitalization of $1 trillion in late May. We do not anticipate any immediate material impact on our financial results,” Kress added. Chinese AI stocks suffered much heavier losses.
Persons: Colette Kress, , ” Kress, , Biden, ” Jefferies Organizations: Hong Kong CNN, Nvidia, Wall Street, Financial Times, US Department of Commerce, CNN, Bloomberg, Chengdu Information Technology, Chinese Academy of Sciences, Baidu, Biden, Micron Technology Locations: Hong Kong, United, China, Washington, Shenzhen, Chengdu, ChatGPT, Beijing
Will the U.S. tighten a cordon around A.I. The deliberations underscore the White House’s worries about falling behind in the race to dominate A.I. chips, after the Biden administration limited exports of the most advanced semiconductors last year, according to The Journal. That would include Nvidia’s A800 chips, which the company created specifically to comply with earlier restrictions, set by the Commerce Department, on computational performance. Those chips might now require a license to be sold to Chinese companies.
Persons: Biden, isn’t, Janet Yellen Organizations: Nvidia, AMD, Street Journal, Commerce Department Locations: U.S, China, A.I, Beijing
SoftBank’s Arm IPO set for double stroke of luck
  + stars: | 2023-06-13 | by ( Karen Kwok | ) www.reuters.com   time to read: +3 min
LONDON, June 13 (Reuters Breakingviews) - SoftBank Group (9984.T) boss Masayoshi Son must be breathing a sigh of relief over the forthcoming float of his chip designer Arm. In April it announced plans to work with Arm to ensure that Intel’s factories can produce chips based on the UK group’s designs. The second, and perhaps more important, stroke of luck is the ongoing valuation frenzy for companies linked to artificial intelligence. Follow @karenkkwok on TwitterCONTEXT NEWSIntel is in talks with SoftBank Group’s Arm to be an anchor investor in the chip designer’s initial public offering, Reuters reported on June 12, citing a source familiar with the matter. Shares in SoftBank, which bought Arm in 2016, rose 5% to 6,310 yen on June 13.
Persons: Masayoshi, he’d, Jefferies, Arm’s, SoftBank, Liam Proud, Pranav Kiran, Oliver Taslic Organizations: Reuters, SoftBank, Intel, Nvidia, Bloomberg, Philadelphia Semiconductor, Nasdaq, Thomson Locations: U.S, New York, SoftBank
Last Thursday, the S&P 500 entered a bull market — up 20% from its recent lows. But the market’s strength has been mostly driven by a handful of mega-cap tech stocks, Alphabet (GOOGL), Meta (META), Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA). Before the Bell: AI is causing a big market boom right now, but that boom also seems to be concentrated in mega-cap tech stocks. Everything you wanted to know about a bull market but were afraid to askThe US entered a bull market last Thursday, finally. A bear in bull’s clothes: A 20% lift from recent lows is generally accepted as the definition of the start of a bull market.
Persons: , Matt Bartolini, Bell, Pets.com, I’m, They’ve, Adam Turnquist, James Demmert, what’s, Jerome Powell’s Organizations: CNN Business, Bell, New York CNN, Bank of America, Apple, Nvidia, Nasdaq, Dow Jones, SPDR, Street Global Advisors, Meta, US, LPL, Big Tech, Main, Research, Investors, Federal Reserve, P Global Market Intelligence, , European Central Bank, ECB Locations: New York, Europe, SPDR Americas, Big, Japan, Taiwan, Hong Kong
That’s a strange place to find a bull market. After a horrible year for Big Tech in 2022, optimism has returned as ChatGPT has made AI the it-thing in Silicon Valley. That brought an end to the bear market that began in January 2022, since a 20% lift from recent lows is generally accepted as the definition of the start of a bull market. However, there is no exact definition — and the current market situation is a bit more nuanced than the typical bull market-bear market binary. The silver liningEntering a bull market lifts investor sentiment, which could propel upward momentum in markets.
Persons: , Sameer Samana, ChatGPT, Tesla, Matt Bartolini, It’s, Apple iPhones, Berkshire Hathaway, James Demmert, , don’t Organizations: New, New York CNN, Wells, Wells Fargo Investment Institute, Big Tech, Investors, Apple, Nvidia, SPDR, Street Global Advisors, Meta, Google, Berkshire, Main, Research, Bank of America Locations: New York, United States, Europe, Wells Fargo, Silicon Valley, SPDR Americas, Meta,
How Jamie Dimon Turned Chase Into the Most Powerful Bank in the U.S. When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColgan
Persons: Jamie Dimon, JPMorgan Chase, John McColgan Organizations: Bank, JPMorgan, First Republic Bank Locations: U.S
One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.
Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, , “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, , Steven A, Schwartz, , they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, , Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison,
Total: 25