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☆ Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.

Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins

☆ Stock market today: US stocks dip as 2-day Fed meeting kicks off
▼ + stars: | 2024-06-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock markets slipped as investors prepare for the Fed's June policy meeting. The FOMC meeting will end Wednesday, and will help determine where interest rates are going. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Investors are convinced that interest rates will remain unchanged, futures markets data shows. Upcoming inflation data on Wednesday should also help determine where interest rates are headed beyond in the coming months.

Persons: —, Jerome Powell, eyeing, Brent, Bitcoin Organizations: Service, Federal, Apple, West Texas, Treasury

☆ Elon Musk hints that his next move could be making an X phone
▼ + stars: | 2024-06-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon Musk is eyeing a possible X phone. Musk, who owns X, formerly Twitter, said Tuesday such a device is "not out of the question." AdvertisementElon Musk is weighing the idea of building an X phone amid his threats to ban iPhones and other Apple devices from his companies. On Monday, an X user tweeted his prediction that Musk would create an X phone, which Musk replied was a possibility. "X will partner with Samsung to manufacture an X phone."

Persons: Elon Musk, Musk, —, Elon Organizations: Apple, Service, Samsung, Business

☆ Analysts are warning there could be zero rate cuts in 2024 - and stocks could suffer if the Fed doesn't move
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Some analysts are eyeing zero rate cuts from the Fed this year. AdvertisementAfter the latest jobs report all but dismissed an interest rate cut in July, some analysts are taking it a step further, and expect no rate cuts at all this calendar year. That's more pessimistic than what investors continue to bet on, with fed fund futures indicating at least one 25-basis point rate cut to occur in 2024. According to market veteran Ed Yardeni, the Federal Reserve should "take a vacation," and leave interest rates unchanged through 2024, he told CNBC-TV18. AdvertisementMeanwhile, Catalyst Capital's David Miller agreed that the Fed shouldn't cut interest rates in 2024, citing that this would allow inflation to run hotter.

Persons: RBC's Lori Calvasina, —, That's, It's, Lori Calvasina, Ed Yardeni, Capital's David Miller, Mark Zandi, I've Organizations: Service, Bloomberg, Treasury, Federal, CNBC, TV18, Yardeni Research, Moody Analytics, Federal Reserve

☆ Stock market today: S&P 500 and Nasdaq close at record highs ahead of Fed meeting, May inflation report
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks started the week with gains as the S&P 500 and Nasdaq hit record highs. The all-time highs come ahead of the May inflation report and the Fed's two-day FOMC Meeting. AdvertisementUS stocks climbed to kick the week, with the S&P 500 and Nasdaq 100 closing at record highs. Earlier that day, investors will digest the May consumer price index report, which will set the tone for markets as investors head into the summer months. Economists expect Core CPI to have risen 0.3% month over month last month.

Persons: —, Morningstar, Dave Sekera, Jerome Powell, Sekera, Dan Ives, Ives Organizations: Nasdaq, Apple, Service, Federal Reserve, CPI, Here's

☆ Stock market today: US stocks edge lower ahead of Apple event, economic data
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell as bond yields increased ahead of a big week of updates for the market. Investors are eyeing Apple's WWDC event, a Fed meeting, and key inflation reports this week. The Fed is expected to leave rates unchanged but officials will offer more insight into future moves. AdvertisementUS stocks edged lower while bond yields rose ahead of a big week for the market. Investors will have to navigate Apple's WWDC event, a Federal Reserve meeting, and multiple inflation reports this week, all of which could shake up stock prices.

Persons: —, David Morrison Organizations: Service, Investors, Reserve, CPI, Fed, Trade Nation

☆ ValueAct increases Salesforce stake to nearly $1 billion, sending shares up
▼ + stars: | 2024-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Mason Morfit, Salesforce board member and co-CEO of activist investor ValueAct, has increased his stake in Marc Benioff's software firm to just under $1 billion, acquiring $99 million worth of shares earlier this week, just days after the company reported its first revenue miss since 2006. The trade was disclosed in a regulatory filing Thursday, sending Salesforce shares up around 3.5% on the news in morning trading. The other activists eyeing Salesforce at the time included Elliott Management, Dan Loeb's Third Point, and Starboard Value. Earlier this year, Salesforce's widely reported pursuit of data management firm Informatica sent shares see-sawing before the putative target said it was not considering a sale. Salesforce shares briefly eclipsed their previous 2021 highs earlier this year, but have since given back those gains and are down 4% year-to-date.

Persons: Mason Morfit, ValueAct, Marc Benioff's, Morfit, Benioff's, eyeing Salesforce, Elliott, Dan Loeb's, Benioff, Salesforce's, Jeff Ubben, Bob Iger, Trian's Nelson Peltz, Ike Perlmutter, Salesforce Organizations: ValueAct, Elliott Management, Informatica, Microsoft, Marvel Locations: New York, U.S, Benioff

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ Stock futures are little changed ahead of private payrolls report: Live updates
▼ + stars: | 2024-06-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Tuesday night as investors geared up for private payroll data while analyzing the latest corporate earnings. S&P 500 futures and Nasdaq 100 futures also each rose just around 0.1%. "Upcoming labor market releases are a clear focus for the broad market," said Bill Northey, investment director at U.S. Bank Wealth Management. "Investors are eyeing the most recent readings on labor market health — JOLTS today, the ADP survey tomorrow and the [Bureau of Labor Statistics] labor report on Friday. All are important data points from a monetary policy standpoint."

Persons: CrowdStrike, Dow, —, Dow Jones, Bill Northey, Lululemon Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Hewlett Packard Enterprise, Federal Reserve, ADP, Traders, U.S, Bank Wealth Management, of Labor Statistics

Citi double upgraded Best Buy to buy from sell, and its new price target indicates upside of 18%. MRVL YTD mountain MRVL year to date — Lisa Kailai Han 6:16 a.m.: Bank of America sticks to Nvidia as a top pick with 36% upside Nvidia remains a top pick for Bank of America. He also maintained his price target of $1,500 and named Nvidia a top pick following CEO Jensen Huang's keynote speech at the Computex expo this past weekend. Arya's price target implies that Nvidia stock could rise 36.8% from here, adding to its whopping 121% year-to-date rally. — Lisa Kailai Han 5:46 a.m.: Citi double upgrades Best Buy to buy rating from sell There's a rosy outlook for Best Buy ahead, according to Citi.

Persons: Kimberly, Clark, Goldman Sachs, Toshiya Hari, Hari, Marvell's, Lisa Kailai Han, Vivek Arya, Jensen, Arya, — Lisa Kailai Han, Piper Sandler, Masimo, Jason Bednar, Bednar, MASI, Steven Zaccone, Nik Modi, Modi, Fred Imbert Organizations: CNBC, Citi, RBC, Bank of America, Nvidia, Marvell Technology Marvell Technology, Enterprise Networking, Marvell, Sound, Kimberly, Clark Investors, RBC Capital Markets Locations: Friday's, Kimberly, KMB

☆ Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
▼ + stars: | 2024-05-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Thomas Coex | Afp | Getty ImagesThe oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. OPEC+ producers are currently implementing a combined 5.86 million barrels per day of supply cuts. And then August is the peak month for tightness," Viktor Katona, lead crude analyst at Kpler, told CNBC. "However, I think that the market right now has priced in a full extension of the voluntary cuts. A high-inflation environment and tight monetary policy in turn reined in oil demand, but central banks have signaled readiness to lower interest rates in the second half of the year.

Persons: Thomas Coex, Viktor Katona, overproducers, Jorge Leon, Yemen's, Tamas Varga Organizations: Organization of, Petroleum, Afp, Getty, CNBC, Energy, Market Research, PVM Oil Associates, United Arab Emirates Locations: OPEC, Vienna, China, Iraq, Kazakhstan, Paris, Ukraine, Gaza, Red, Saudi Arabia, Russia, Guyana, Brazil, Canada

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. Pershing Square had $18.6 billion in total assets under management as of the end of April. Most of its capital is in Pershing Square Holdings, a closed-end fund that trades on European stock exchanges. Ackman has become one of the world's most prominent hedge-fund investors after years of market-topping returns and vocal activist campaigns.

Persons: Bill Ackman, eyeing, Ackman, Ryan Organizations: Pershing, Capital Management, Delivering Alpha, Billionaire, Street Journal, Ryan Israel, Pershing Square Holdings, New York Stock Exchange, Grill, Hilton, Herbalife Locations: New York City, U.S, Israel, North America

☆ Amazon to expand drone delivery service after clearing FAA hurdle
▼ + stars: | 2024-05-30 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. The company said it will expand its delivery area in College Station, Texas, one of the cities where it has been conducting tests. The technology has been a key tool for other drone delivery companies, such as Zipline, looking to operate beyond visual line of sight, or BVLOS. The e-commerce giant's drone delivery service, Prime Air, has struggled since Amazon founder Jeff Bezos laid out his vision for the program more than a decade ago. Last month, Amazon said it would end its drone operations in California and begin deliveries in Phoenix, Arizona, later this year.

Persons: Amazon, Jeff Bezos Organizations: U.S, Amazon, Federal Aviation, College Station ,, Prime Air, Station ,, Prime Locations: Westborough , Massachusetts, College Station, College Station , Texas, Station, Station , Texas, Houston, Sacramento, California, Phoenix , Arizona

☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ Haley’s Pennsylvania voters aren’t all ready to fall in line behind Trump
▼ + stars: | 2024-05-29 | by ( John King | ) edition.cnn.com time to read: +8 min

“When I was 18, I registered as a Republican,” London said. Haley garnered nearly 17% of the primary vote statewide this year — approaching 25% in the suburban collar counties around Philadelphia. “It’s a principled position I need to take.”Irma Fralic, too, cast her primary vote for Haley as a protest. CNNOur visit to Pennsylvania coincided with Haley announcing she will vote for Trump in November despite significant differences with the presumptive GOP nominee. Eyeing Trump, but holding her noseLinda Rooney cast her Haley vote in the primary as a question as much as a protest.

Persons: Joan London, —, Reagan, Bush, Obama, “, ”, “ I’ve, Nikki Haley, Pennsylvania’s, Haley, Donald Trump’s, Ronald, I’ve, …, Trump, Joe Biden, London’s, Biden, ” Irma Fralic, ” Fralic, I’m, I’d, ’, ’ ” John King, Irma Fralic, Fralic, Eyeing Trump, Linda Rooney, ” Rooney, Rooney, ” John King, “ Haley, ” Rooney texted, “ She’s, Trump Michael Pesce, ” Pesce, Ronald Reagan, ‘, We’re, Pesce, “ I’m Organizations: Pennsylvania CNN, Republican, Pennsylvania, Tea, Independent, South, Republican Party, CNN, Donald Trump’s GOP, Trump, Reagan Republican, Media, Army, “, Coast Guard, Republicans Locations: Fleetwood, Pennsylvania, London, Washington ,, South Carolina, Philadelphia, Berks County, Philly, Israel, Wyndmoor , Pennsylvania, Delaware County, Afghanistan, Media , Pennsylvania, Bucks County

☆ Eyeing Trump, but on the Fence: How Tuned-Out Voters Could Decide 2024
▼ + stars: | 2024-05-28 | by ( Katie Glueck | Nick Corasaniti | ) www.nytimes.com time to read: 1 min

Joe Perez is exactly the type of voter President Biden and former President Donald J. Trump are fighting over: A 22-year-old Hispanic man in Las Vegas who grew up leaning Republican, he also supports abortion rights and was turned off by the Capitol rioters on Jan. 6, 2021. But Mr. Perez — unenthusiastic about a Biden-Trump rematch, overwhelmed by the news and disillusioned by politics — is tuning out. “If you ask me right now what’s going on with, like, the presidential race, or the situation in Gaza or Ukraine or whatever, I don’t think I can answer,” said Mr. Perez, who supported Mr. Trump in 2020 and is intrigued by Robert F. Kennedy Jr. now. “I’m not trying to follow that anymore.”Instead, said Mr. Perez, a valet who hopes to become a firefighter, “I’m just going to have to roll with the punches, because I don’t think I’m going to make a difference.”

Persons: Joe Perez, Biden, Donald J, Trump, Perez —, ”, Perez, Robert F, Kennedy Jr, “ I’m, Mr Organizations: Republican, Capitol, Biden, Trump Locations: Las Vegas, Gaza, Ukraine

☆ Western countries are lining up to name and shame China for overproduction
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Read previewWestern countries are lining up to call out China for its barrage of cheap exports that are flooding the world's markets. "We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field, in line with World Trade Organization (WTO) principles." China pushes back on criticism, industrial profits rose in AprilBeijing has consistently resisted the West's criticism that it is dumping cheap goods on the world market. Chinese authorities say the West's accusations are protectionist and aimed at containing China's economic growth. In April, profits at China's industrial companies rose 4% from a year ago, reversing a drop in March, according to official statistics released on Monday.

Persons: —, Janet Yellen, Olaf Scholz, Bruno Le Maire, Yu Weining, Joe Biden, Biden, Josh Lipsky, Lipsky Organizations: Service, Business, EU, Bloomberg, World Trade Organization, China's Commerce Ministry, European Commission, International Monetary Fund Locations: China, France, Stresa, Italy, Beijing, United States

☆ I dined on my first tasting menu on a recent trip to Panama. The splurge is my new favorite way to explore as a solo traveler.
▼ + stars: | 2024-05-26 | by ( Monica Humphries | ) www.businessinsider.com time to read: +6 min

This was my first night in the country, and it was also my very first tasting menu. He said 90% of the restaurant's ingredients are locally sourced, which means the menu changes throughout the year to highlight peak produce. The tasting menu was a great way to solve this dilemma. Plus, a tasting menu took the stress out of ordering. I'll admit that not every course on Intimo's tasting menu catered to my preferences; next time, I'll order the bass in Caribbean curry over the guacho.

Persons: —, I've, Restaurante, Monica Humphries, Carlos, Chombolín, Intimo, Alba, it's Organizations: Service, Business, ceviche Locations: Panama City, Tokyo, Panama, Alba, leche de tigre, Peruvian, Boquete, Panamanian, Caribbean

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ After a better-than-expected quarter, Cramer is optimistic on Macy's turnaround
▼ + stars: | 2024-05-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday reviewed Macy's most recent quarter, saying he's pleased with the retail giant's preliminary progress in putting its turnaround strategy to work. "It's early days for the Macy's turnaround. It's only the iconic company's first full quarter with CEO Tony Spring at the helm, Cramer noted. Cramer praised Macy's plan to close many underperforming namesake stores while investing in and updating the locations that are doing better. "Either Tony Spring keeps pulling off his ambitious turnaround — and I believe he can do it— or someone else comes in and buys the darned thing."

Persons: CNBC's Jim Cramer, he's, Macy's, It's, Tony Spring, Cramer, Arkhouse, Spring Organizations: Macy's Locations: China

☆ Cramer's week ahead: Earnings from Costco, Dell, Ulta and Dollar General
▼ + stars: | 2024-05-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a week focused on Nvidia , CNBC's Jim Cramer said investors should prepare to turn their attention from the artificial intelligence giant to retailers. He pointed to a slate of upcoming earnings reports from outfits including Costco and Dollar General . On Thursday, Cramer will be eyeing earnings reports from Dollar General and Burlington Stores . Kohl's , Cracker Barrel , Gap , Marvell Technology , Ulta , Dell and Costco also report on Thursday. Lastly on Thursday, Cramer will be waiting to see if Cloudflare can make a comeback at its investor day.

Persons: Jim Cramer, Cava, Cramer, he'll, Abercrombie &, wouldn't, Dick's, Salesforce, it's, he's, Kohl's Organizations: Nvidia, Costco, Dollar, Abercrombie, Abercrombie & Fitch, Dick's Sporting Goods, Dollar General, Burlington Stores, Marvell Technology, Dell Locations: Del, Costco

☆ Stock market today: S&P 500 edges higher to new record as traders brace for Nvidia earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The S&P 500 came close to breaching a new high, as investors gear up for Nvidia earnings on Wednesday. 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 . AdvertisementThe S&P 500 closed at a record high Tuesday, as investors gear up for Nvidia's highly-anticipated earnings report. By now, the semiconductor manufacturer has a reputation for leading broader stock market upside and traders are eyeing the release as the next big catalyst as the market heads toward summer.

Persons: Christopher Waller, Crypto, —, cryptocurrency Organizations: Service, Nasdaq, Federal Reserve, ethereum, Here's

☆ Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock trades fell flat as investors take a breather ahead of Nvidia's earnings. 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 . AdvertisementThe latest rally in stocks faltered Tuesday morning, with investors stepping back ahead of Nvidia's upcoming earnings report and further communications from Federal Reserve officials. Tuesday will also be saturated with speakers from the Federal Reserve, whose comments could provide insight into monetary policy.

Persons: —, Dow, Jamie Dimon, David Morrison, Thomas Barkin, Christopher Waller, John Williams, Raphael Bostic, Susan Collins, Loretta Mester Organizations: Fed, Service, Federal Reserve, Nasdaq, Alto Networks, Urban Outfitters, Toll, Trade Nation Locations: Here's

☆ 'AI demand train running at full speed': Here's what Wall Street expects from Nvidia's 1st-quarter earnings
▼ + stars: | 2024-05-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Wall Street expects a continued increase in Nvidia's AI chip sales ahead of its next-gen Blackwell chip release. Here's what Wall Street expects from Nvidia's upcoming earnings report. Deutsche Bank: "AI leadership to continue"Deutsche Bank said it fully expects Nvidia to deliver "healthy multi-billion dollar beats/raises on still healthy demand for AI compute." However, the bank sees much of that strength already priced into the stock, leading the firm to believe that Nvidia stock is "fully valued." Bloomberg Intelligence: "Nvidia has more levers to attack the market"Bloomberg Intelligence analyst Oscar Hernandez Tejada said in a recent note he fully expects Nvidia to report "a solid beat and raise" on Wednesday, arguing that "Nvidia's AI demand train running at full speed."

Persons: —, Wells, Aaron Rakers, Rakers, Taiwan Semiconductor bode, Vivek Arya, Blackwell, Arya, NVDAs, Oscar Hernandez Tejada, Tejada Organizations: Nvidia, Service, ChatGPT, Nvidia's, Blackwell, GPU, Data, Super Micro Computer, Taiwan Semiconductor, Bank of America, Deutsche Bank, Bloomberg Intelligence, Bloomberg Locations: Wells Fargo, Wells, China

☆ Charts show little fear of a market drawdown. So now may be a good time to hedge
▼ + stars: | 2024-05-21 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Breaking down the market charts The S & P 500 broke out above the 2021 highs of 4,820 in the first two weeks of this year. Again, I don't know. I don't know. And I'm content to come before you and say I don't know and we can't know. This measures how much premium is embedded in the at the money puts and calls in the S & P 500.

Persons: Todd Gordon, Gordon Organizations: Nvidia, Inside Edge, Inside Edge Capital Management

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