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☆ Nvidia is kicking off its big AI event at a sports arena. Here's how to watch.
▼ + stars: | 2024-03-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Nvidia CEO Jensen Huang is kicking off the "Woodstock of AI" in a keynote speech Monday. Analysts predict Nvidia will reveal new graphics processing chips that could transform the AI industry. AdvertisementNvidia is kicking of its massive AI event at a California sports arena on Monday. The event has been dubbed the "Woodstock of AI" and Nvidia CEO Jensen Huang is its rockstar headliner. The hype surrounding Huang's speech, and what he will reveal about the future of AI technology, is enormous.

Persons: Jensen Huang, —, Jensen, hough, ike C, penAI's Organizations: Nvidia, Service, rockstar, GPU Technology Conference, Wall Locations: Woodstock, California, San

☆ Nvidia's CEO unveils the next AI chip that tech companies will be scrambling for — meet 'Blackwell'
▼ + stars: | 2024-03-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Nvidia's CEO Jensen Huang unveiled its next-generation chip today. The Blackwell chip, named after statistician David Blackwell, is much faster than its predecessor. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNvidia CEO Jensen Huang unveiled the Blackwell chip — a next-generation AI chip succeeding its massively in-demand H100, which has served as a backbone of sorts amid an AI gold rush. The Blackwell chip, named after statistician and mathematician David Blackwell, is at least two times faster than its predecessor, Huang said in his keynote at the GPU Technology Conference (GTC) Monday in San Jose, California.

Persons: Jensen Huang, Blackwell, David Blackwell, —, Huang Organizations: Service, Blackwell, GPU Technology Conference, Business Locations: San Jose , California

☆ Nvidia CEO Jensen Huang's Taylor Swift joke shows he's aware of his reputation among AI fanboys
▼ + stars: | 2024-03-18 | by ( Clementine Fletcher | ) www.businessinsider.com time to read: +3 min

Nvidia CEO Jensen Huang gave a much-awaited two-hour-long keynote speech in California. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Good, good boy. And while we did spot one of Huang's signature leather jackets, we weren't eagle-eyed enough to see if he was sporting a Taylor Swift friendship bracelet — or Nvidia tattoo.

Persons: Jensen Huang, Huang, Taylor Swift's, —, Swift, Swifties —, didn't, Blackwell, Hopper, Taylor, Katherine Tangalakis, Lippert Organizations: Nvidia, Service, Technology Conference, Woodstock, SAP Center Locations: California

☆ Nvidia CEO Jensen Huang announces new AI chips: 'We need bigger GPUs'
▼ + stars: | 2024-03-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Nvidia on Monday announced a new generation of artificial intelligence chips and software for running artificial intelligence models. The announcement, made during Nvidia's developer's conference in San Jose, comes as the chipmaker seeks to solidify its position as the go-to supplier for AI companies. “Hopper is fantastic, but we need bigger GPUs,” Nvidia CEO Jensen Huang said on Monday at the company's developer conference in California. Das said Nvidia's new software will make it easier to run programs on any of Nvidia's GPUs, even older ones that might be better suited for deploying but not building AI.

Persons: Jensen Huang, Nvidia's, ChatGPT, Blackwell, Hopper, Huang, Manuvir Das, what's, Das, you've, we'll Organizations: Nvidia, Intelligence, SAP Center, Monday, Microsoft, Meta, Companies, Apple, Manuvir Locations: San Jose , California, San Jose, California

☆ Jensen Huang is about to give AI believers a glimpse of the future
▼ + stars: | 2024-03-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewThere's a running gag that Jensen Huang is to AI fanboys what Taylor Swift is to Swifties. Nvidia's GTC event, starting on Monday, should answer that. AdvertisementMatt Bryson, an analyst at Wedbush, expects Nvidia to lift the lid on the B100, the next-generation version of its H100 GPU. Can AI models eventually reason? Of course, industry watchers will look for any sign that the Nvidia and AI mania might be about to slow down.

Persons: —, Jensen Huang, Taylor Swift, Sam Altman, Mark Zuckerberg, hasn't, Bojan Tunguz, Huang, Matt Bryson, Blackwell, It'll, Zuckerberg, he'll, JOSH EDELSON, Brad Lightcap, Arthur Mensch, Christian Szegedy, Elon Musk's, Aidan Gomez, Stanford's Fei, Fei Li, Wedbush's Bryson Organizations: Service, Nvidia, GPU Technology Conference, Business, Apple, Tech, Meta, Microsoft, Google, AMD Locations: San, Woodstock

☆ Your complete investing guide to 'AI Woodstock' next week: 3 buys ahead of the event
▼ + stars: | 2024-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.

Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California

☆ Apple will allow iPhone app downloads from websites in Europe
▼ + stars: | 2024-03-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

IPhone users in the European Union will be able to download apps from websites, instead of through the App Store or a competing app store app, Apple said, in the the latest change forced by the European Commission's Digital Markets Act. Tuesday's announcement is the latest example of the Digital Markets Act forcing Apple to make long-resisted changes to its App Store business processes. Under the DMA, Apple has been forced to allow third-party app stores in Europe, has reinstated antitrust adversary Epic Games' developer account amid a legal dispute, and has backtracked on banning web app shortcuts on the main iPhone screen. Apple still plans to charge a fee of fifty Euro cents for app downloads outside of its App Store, including web app downloads. The company has said Europe represents about 7% of Apple's App Store revenue.

Persons: Tim Cook, Apple, Margrethe Vestager, Vestager Organizations: Apple Inc, Apple Worldwide Developers, European Union, Commission's, Apple, Digital, Epic Games, Commission, European Commission, Spotify, EU, CNBC Locations: San Jose , California, U.S, European, Europe, iPhones

☆ 10 cities with the lowest salaries needed for a comfortable life — 4 of the top 5 are in Texas
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Texas cities Houston, El Paso, and Lubbock require the lowest salaries for comfortable living. New York City has the highest salary to live comfortably, followed by many in California. AdvertisementResidents of Houston, El Paso, and Lubbock, Texas, require the lowest salaries to live comfortably, a new SmartAsset analysis found. Lubbock came in third at $75,739 a year for a single adult. Other cities in the top 10 included Milwaukee, Tulsa, and Cleveland, which all have hourly wages below $40 for a single adult.

Persons: —, Houston, Francisco Organizations: New, Service, Texas — El Paso, Lubbock Locations: Texas, Houston, El Paso, Lubbock, New York City, California, Houston , El Paso, Lubbock , Texas, Payscale, Texas —, Milwaukee, Tulsa, Cleveland, Jose, Irvine, Santa Ana, Texas , Tennessee, Oklahoma

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ Premarket: Investors are obsessed with this AI stock you may never have heard of
▼ + stars: | 2024-03-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Nvidia isn’t the only stock capturing the attention of AI enthusiasts these days. Nvidia closed above a $2 trillion market cap on March 1, joining an elite cohort including Apple and Microsoft. Supermicro’s stock gained even more momentum in January, after the company reported second-quarter results that blew past expectations and raised its full-year revenue forecast. Supermicro’s stock was one of the most popular names bought by Charles Schwab clients in February, according to the firm’s latest trading activity index. New York Community Bank gets $1 billion ‘lifeline’Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment, reports my colleague Elisabeth Buchwald.

Persons: Charles Schwab, ChatGPT, “, ”, Supermicro, Wells Fargo, Goldman Sachs, Elisabeth Buchwald, Steven Mnuchin’s, NYCB, ” David Chiaverini, Joseph Otting, Alessandro DiNello, DiNello, Read, Jeremy Hunt, Hanna Ziady, Hunt, ” Hunt, Rishi Sunak’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Apple, Microsoft, Micro, Devices, Federal Reserve, Victoria Bills, Banrion Capital Management, Bank of America, Goldman, New York Community Bank, New, Community Bank, Liberty Strategic Capital, Citadel Global, Street Journal, Wedbush Securities, CNN, Bank of England, International Monetary Fund, Hunt’s Conservative Party, Labour Party Locations: New York, San Jose, United States, Hudson Bay, NYCB

☆ A W-2 employee who used real estate to reduce federal taxes on his $300,000 salary by 99% explains how to pick the right property to qualify for the tax loophole and maximize deductions
▼ + stars: | 2024-03-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

By then, he had sold his short-term rental property for a profit, but he still owned other long-term rentals. Therefore, they used the real-estate professional status and bonus depreciation to reduce their taxable income. The main one is through the short-term rental tax loophole (STR loophole). For example, Eileen pointed to Henderson, Nevada, which won't allow a short-term rental permit for a house if there is a permit for an existing short-term rental within 1,000 feet. Deductions would cancel out the taxes owed from the property's revenue, and what is left will reduce your W2 taxable income.

Persons: Michael Hyun, Joshua, Hyun, Eileen Kim, Eileen's, Michael, Brandon Ford, Eileen, Ford, Michael said, you'll Organizations: Business, CPA, IRS, Tax Relief, American Families and Workers Locations: Joshua Tree , California, New York City, San Francisco, Santa Monica , California, Henderson , Nevada, San Jose , California, Alameda County

☆ Elon Musk settled the bill after Tesla ditched a Black History Month pie order, costing the bakers thousands
▼ + stars: | 2024-02-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Tesla paid a bakery $2,000 after it canceled a massive Black History Month order at short notice. "To fulfill the order, I had turned down other Black History Month catering inquiries, purchased supplies, and prepared for a demanding production schedule," she wrote. — Elon Musk (@elonmusk) February 23, 2024Rasetarinera confirmed to The Guardian Monday that she had received $2,000 from Tesla. Rasetarinera said in a February 2 post celebrating Black History Month that she's of Madagascan heritage. Advertisement"As I reflect on this ordeal, I am reminded of the resilience and determination that have propelled me forward as a black woman entrepreneur," Rasetarinera wrote in her original Instagram post.

Persons: Tesla, Elon Musk, —, Voahangy Rasetarinera, Instagram, — Elon, Rasetarinera, Matt Mahan Organizations: Service, Guardian, NBC Bay Area, NBC Bay, ABC7, Jose Locations: San Jose , California

☆ Expedition to 300-year-old shipwreck that could hold Spanish treasure of gold and emeralds worth $20 billion
▼ + stars: | 2024-02-25 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Colombia sending a deep-water expedition to explore the 300-year-old San José shipwreck. The Spanish galleon, discovered in 2015, is believed to hold treasures worth up to $20 billion. A 300-year-old shipwreck in the Caribbean is believed to hold gold and silver coins, emeralds, and other sunken treasures that could be worth $20 billion. On Friday, Colombia's government unveiled plans for a groundbreaking deep-water expedition to explore the legendary galleon, San José, dubbed the "holy grail of shipwrecks." In the ship's hold was accumulated wealth taken from Spain's colonies in South America, including 116 steel chests full of emeralds and millions of gold and silver coins.

Persons: Colombia's, San José Organizations: Business Locations: Colombia, José, Spanish, Caribbean, San, Cartagena, South America

☆ Spring Training at Coachella: Can the M.L.S. Cash In on Its Preseason?
▼ + stars: | 2024-02-23 | by ( Ken Belson | Alex Welsh | ) www.nytimes.com time to read: 1 min

On a recent Wednesday afternoon, Dan Perkin and Scott Bissmeyer, work buddies on vacation, sat on metal bleachers watching the Portland Timbers play the San Jose Earthquakes in the first of four preseason Major League Soccer games that day. Self-described “M.L.S. road trippers,” they have visited numerous M.L.S. stadiums, and have watched teams in Tucson, Ariz., where as many as 11 clubs came together for preseason training in the past. teams — along with two from the United Soccer League and four from the National Women’s Soccer League — gathered at a 1,000-acre property outside Palm Springs, Calif., for preseason training, Mr. Perkin and Mr. Bissmeyer decided to check it out.

Persons: Dan Perkin, Scott Bissmeyer, Perkin, Bissmeyer Organizations: Portland Timbers, San Jose Earthquakes, Major League Soccer, United Soccer League, National Women’s Soccer League — Locations: ”, Tucson, Ariz, Palm Springs, Calif

☆ Tesla placed a $16K bakery order for Black History Month — then suddenly canceled it, the bakers say, costing them thousands
▼ + stars: | 2024-02-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewA San Jose bakery has slammed Tesla after a company employee placed a massive pie order for Black History Month, only to cancel it after the Black-owned business scrambled to meet the request, according to multiple reports. Voahangy Rasetarinera, the owner of The Giving Pies, wrote on Instagram that Tesla "hurt my small Black women-owned business" through the last-minute cancellation. According to Rasetarinera's account, on February 14 a Tesla company representative called her and asked for 2,000 mini pies to be delivered by the following week. But that evening, the representative called back and doubled the order — setting the bakery rushing to ensure it could meet the demand, Rasetarinera wrote. Rasetarinera said in a February 2 post celebrating Black History Month that she is of Madagascan heritage.

Persons: —, Tesla, Voahangy Rasetarinera, Rasetarinera, it's, she's Organizations: Service, Business, Tesla, NBC Bay, ABC7, Apple, Adobe Locations: Jose

☆ San Jose bakery loses thousands of dollars after Tesla reportedly cancels large order
▼ + stars: | 2024-02-22 | by ( Kris Sanchez | ) www.cnbc.com time to read: +2 min

Voahangy Rasetarinera speaks on San Jose bakery loss of thousands of dollars after Tesla cancels large order. A catering contract to celebrate Black Heritage Month turned into a tough lesson for a Black-owned bakery in the South Bay earlier this month. What started as a $16,000 deal ended up costing the small business owner thousands of dollars instead. But two days after taking the Tesla job, the bakery owner got a simple text message canceling the order. A Tesla spokesperson did not respond to the specific questions but told NBC Bay Area they've been in touch with Rasetarinera.

Persons: Voahangy Rasetarinera, Tesla, Rasetarinera, it's, Tesla hadn't Organizations: Black Heritage Month, Tesla, Google, Apple, NBC Bay Area, NBC Bay Locations: Jose, Willow Glen

California’s central coast is at risk of “significant flooding,” with up to 5 inches (12 cm) of rain predicted for many areas, according to the weather service. Thunderstorms in valleys around the state capital on Monday could bring “brief tornadoes, large amounts of small hail, heavy rain, lightning, and gusty winds,” the weather service office in Sacramento warned on X, formerly Twitter. “Consider completing Sierra travel during the day Sunday, or rescheduling to later next week,” said the weather service office in Reno, Nevada. The office issued a backcountry avalanche watch for the greater Lake Tahoe area and the eastern Sierra in Inyo and Mono counties. The California Governor’s Office of Emergency Services activated its operations center Saturday and positioned personnel and equipment in areas most at risk.

Persons: Brayden Murdock, ”, “ It’s, Murdock, Flood Organizations: FRANCISCO, National Weather Service, Motorists, Sierra, The California Governor’s, Emergency Services Locations: California, Oakland, San Jose, San Francisco, Santa Lucia, Santa Ynez, Los Angeles, Sacramento, Southern California, Sierra Nevada, Reno , Nevada, Tahoe, Sierra, Inyo, Mono, The California

☆ These are the best—and worst—U.S. metro areas for first-time homebuyers
▼ + stars: | 2024-02-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

Creditnews ranked the10 best and 10 worst U.S. metro areas for first-time homebuyers in 2024. Creditnews Research analyzed America's 50 largest metro areas to find the best and worst housing markets for first-time buyers. The best metro area for first-time buyers: PittsburghPittsburgh is the No. 2 best metro area for first-time buyers, according to Creditnews. 10 worst metro areas for first-time homebuyers: San JoseThe San Jose-Sunnyvale-Santa Clara metro area was ranked the worst for first-time buyers in 2024.

Persons: Creditnews, Motley, Sir Francis Canker, Austin, Martin Vargas, Jose Organizations: Pittsburgh Pittsburgh, Hoover, AL Jacksonville, FL New, Fort, West Palm Beach , FL Dallas, Austin, U.S . Austin, , Texas, Fortune, Jose, eBay, PayPal, Jose , CA San, San Bernardino -, CA San, Hillsboro , WA Salt Lake, UT, San Diego Locations: U.S, Pittsburgh, Pennsylvania, Austin, , TX, Antonio, New Braunfels , TX Birmingham, AL, FL, FL New Orleans, Metairie , LA Miami, Fort Lauderdale, West Palm Beach ,, Fort Worth - Arlington , TX Cleveland, Elyria ,, Raleigh, NC, The Texas, ,, Texas, San Jose, Sunnyvale, Santa Clara, San Francisco, Silicon Valley, Jose , CA, Jose , CA San Diego, Carlsbad, CA Los Angeles, Long, Anaheim , CA Denver, Aurora, Lakewood, Riverside, San Bernardino, San Bernardino - Ontario, CA, CA San Francisco, Oakland, Hayward , CA, Warwick , RI Sacramento, Roseville, Arden, CA Portland, Vancouver, Hillsboro , WA Salt, Hillsboro , WA Salt Lake City, San Diego, Carlsbad , California, Los Angeles, San Diego , California

California's central coast is at risk of “significant flooding,” with up to 5 inches (12 cm) of rain predicted for many areas, according to the weather service. Flood watches and warnings were issued in coastal and mountain areas up and down the state. “Consider completing Sierra travel during the day Sunday, or rescheduling to later next week,” said the weather service office in Reno, Nevada. The office issued a backcountry avalanche watch for the greater Lake Tahoe area and the eastern Sierra in Inyo and Mono counties. The California Governor’s Office of Emergency Services activated its operations center Saturday and positioned personnel and equipment in areas most at risk.

Persons: Brayden Murdock, ”, “ It’s, Murdock, Flood Organizations: FRANCISCO, National Weather Service, Motorists, Sierra, The California Governor’s, Emergency Services Locations: Northern California, Oakland, San Jose, San Francisco, Santa Lucia, Santa Ynez, Los Angeles, Sacramento, Southern California, Sierra Nevada, Reno , Nevada, Tahoe, Sierra, Inyo, Mono, The California

☆ California plans to build 1,200 tiny homes for the homeless. Here's what they look like.
▼ + stars: | 2024-02-18 | by ( Katie Balevic | ) www.businessinsider.com time to read: 1 min

California plans to build 1,200 tiny homes for the state's homeless community. The state selected six contractors to build different models of shelter homes. Here's what the homes look like. That's the case for some of California's unsheltered homeless community, which hopes to benefit from a promise by state officials nearly a year ago to provide over a thousand tiny home shelters free of charge. Gavin Newsom committed $1 billion in March to address the state's homelessness crisis with tiny homes in Los Angeles, Sacramento, San Diego, and San Jose.

Persons: Gavin Newsom Organizations: Gov, Business Locations: California, Los Angeles , Sacramento, San Diego, San Jose

☆ If you are waiting to buy an affordable home when rates drop, you're out of luck
▼ + stars: | 2024-02-17 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

Read previewInterest rates could drop by summer, according to Federal Reserve forecasts, but buyers shouldn't expect homes to become more affordable. For prospective homebuyers, the cuts could be a path toward relief from skyrocketing mortgage rates. 30-year fixed mortgage rates are now sitting just above 6.6%, which translates to around $2,800 in average monthly payments nationwide. "Mortgage rates have come down a bit in anticipation of lower rates." Steep interest rates in recent years have made homeowners less likely to sell, contributing to a housing shortage in many cities.

Persons: —, Jerome Powell, Gen Zers, Louis Fed Organizations: Service, Reserve, Business, Economics Locations: New York, Chicago, Seattle, San Francisco, San Jose, Boston

☆ The number of home sales per real estate agent is at its lowest level in over a decade
▼ + stars: | 2024-02-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The number of home sales per agent has fallen to its lowest level in over a decade, Apollo's Torsten Slok said. There are also fewer real estate agents per 1,000 jobs in states like California and New York as people flock to southern states. And it's slowing things down for real estate agents. The number of home sales per agent has fallen to its lowest level in over a decade, a note from Apollo Management's Torsten Slok stated. Real estate agents per 1,000 jobs Apollo ManagementThe cost of living and even the climate have helped warp the market.

Persons: Apollo's Torsten Slok, —, Apollo Management's Torsten Slok, Sløk, There's, Still Organizations: Service, Apollo, San Locations: California, New York, Florida , Texas , Arizona, Colorado, Real, Los Angeles, San Francisco, San Jose, New York City

☆ Roku reports bigger-than-expected quarterly loss on lower customer spending
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: +1 min

A sign is posted in front of the Roku headquarters on February 18, 2022 in San Jose, California. Roku on Thursday reported a bigger fourth-quarter loss than expected, as it grappled with intense competition and lower customer spending, sending the streaming platform's shares down about 15% in extended trading. It reported a loss of 55 cents per share, above analysts' expectations of a loss of 52 cents, according to LSEG estimates. "While we will face difficult YoY growth rate comparisons in streaming services distribution and a challenging M&E (media & entertainment) environment for the rest of the year, we expect to maintain our Q4 2023 YoY platform growth rates in Q1," Roku said in a statement. The streaming platform expects first-quarter net revenue of $850 million, compared with analysts' estimates of $834.1 million, according to LSEG data.

Persons: Roku Locations: San Jose , California, Roku

☆ Move over Nvidia. There's a new hot AI play that has soared 960% in the past year
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

One high-flying artificial intelligence stock has soared 960% over the past year and may soon become as familiar Nvidia, the dominant, better-known and far larger maker of AI processors. Recent stock performance notwithstanding, Nvidia, the leading provider of high-end graphics processing units (GPUs) with 80% of the global market, dwarfs Super Micro. SMCI 1Y mountain Super Micro Computer shares over the last year Super Micro popped 13% during Thursday's session, approaching $1,000 per share. Super Micro's already attracted the attention of the investing community, nearly doubling since reporting strong earnings at the end of January. Bhattacharya added that Super Micro's ability to build "server technology from the ground up" gives it a strategic boost.

Persons: Ruplu Bhattacharya, Bhattacharya, referrring, Michael Bloom Organizations: Nvidia, Bank of America, San, Calif, Computer, Devices, Intel, Bank Locations: San Jose

☆ Here's what Meta CEO Mark Zuckerberg has to say about the Apple Vision Pro
▼ + stars: | 2024-02-14 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. Meta CEO Mark Zuckerberg shared his opinion of Apple 's new mixed-reality headset, the Vision Pro, in a video posted to Instagram where he called Meta's Quest 3 headset "the better value" and "the better product, period." While it's obvious Zuckerberg would promote his company's product, his decision to post a video about the differences between the Quest 3 and Vision Pro shows the increasing competition between Apple and Meta. Meta has taken a lower-cost approach while Apple has focused on sharper screens, more powerful processors and higher-end materials. Apple officially launched its Vision Pro in the U.S. on Feb 2.

Persons: Mark Zuckerberg, Zuckerberg, Meta, Tim Cook, CNBC's Jim Cramer Organizations: Apple, Vision, Pro, Meta, Apple Watch, Quest, CNBC PRO Locations: San Jose , California, U.S, New York

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