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☆ The generative AI market is in the second year of 3-5 year deployment cycle, says BofA’s Vivek Arya
▼ + 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 EmailThe generative AI market is in the second year of 3-5 year deployment cycle, says BofA’s Vivek AryaVivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to discuss Nvidia's meteoric rise to become the most valuable company in the world by market cap, how long the generative AI market can last, and more.

Persons: BofA’s Vivek Arya Vivek Arya Organizations: Bank of America

☆ There are 5 reasons any dip in Nvidia stock will be short-lived - and investors should use a decline as a buying opportunity
▼ + stars: | 2024-06-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still offers a compelling valuation even after its 170% rally this year, BofA says. There are five reasons investors should view any decline in Nvidia stock as a buying opportunity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These are the five reasons Arya is staying bullish on the stock. Arya reiterated his "Buy" rating on Nvidia stock and $150 price target, representing upside of 12% from current levels.

Persons: BofA, —, Vivek Arya, Arya, Rosenblatt Organizations: Nvidia, Service, Bank of America, Blackwell Locations: CQ2

☆ New York governor signs bill regulating social media algorithms, in a US first
▼ + stars: | 2024-06-20 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

CNN —Big changes are coming for New York’s youngest social media users after Gov. The unprecedented move makes New York the first state to pass a law regulating social media algorithms amid nationwide allegations that apps such as Instagram or TikTok have hooked users with addictive features. New York officials hailed the legislation as a critical check on social media platforms’ influence over teens. “Algorithmic curation makes teenagers’ feeds healthier, and banning algorithms is going to make social media worse for teens.”The legislation’s signing sets the stage for another in a long string of court battles over state social media laws. States such as Arkansas, Florida, Louisiana and many others have passed laws clamping down on social media companies’ approach to teens.

Persons: Kathy Hochul, Vivek Murthy, ” Hochul, Letitia James, ” James, ”, Adam Kovacevich Organizations: CNN, New, Gov, New York Child Data, New York, of, Industry Locations: New York, “, Arkansas, Florida , Louisiana, Ohio, Texas, Florida

☆ This is not the dot-com bubble and Nvidia's valuation is still 'compelling,' says Bank of America
▼ + stars: | 2024-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank of America warned against seeing Nvidia as a potential long-term pullback victim while cautioning that today's artificial intelligence boom is altogether different from the 1990s dot-com bubble. Nvidia briefly rallied 3.8% on Thursday, helping send the S & P 500 above 5,500 for the first time, only to later retreat as much as 3.8%. Additionally, Arya pointed to demand among cloud customers for Nvidia's new Blackwell AI accelerator systems. The analyst said on-premise enterprise and sovereign AI demand as well as software monetization is still in the "early stages." When all is said and done, Arya said that Nvidia's valuation is still "compelling."

Persons: Vivek Arya, Arya, Jensen Organizations: of America, Nvidia, Blackwell

☆ India wants to be a developed nation by 2047. Here are 4 critical areas Modi can't ignore
▼ + stars: | 2024-06-20 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.

Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India

☆ Researchers Say Social Media Warning Is Too Broad
▼ + stars: | 2024-06-19 | by ( Ellen Barry | ) www.nytimes.com time to read: +1 min

When the U.S. surgeon general, Dr. Vivek Murthy, announced on Monday that he was planning to push for a mental health warning label on social media platforms, he was met with cheers from many parents and teachers, who described a long, lonely struggle to wrench children away from a habit that was hurting them. He got a cooler reaction, however, from some scientists who study the relationship between social media and mental health. In interviews, several researchers said the blanket warning Dr. Murthy has proposed — “social media is associated with significant mental health harms for adolescents” — stretches and oversimplifies the scientific evidence. For many years, researchers have tried to determine whether the amount of time a child spent on social media contributed to poor mental health, and “the results have been really mixed, with probably the consensus being that no, it’s not related,” said Dr. Mitch Prinstein, the chief science officer at the American Psychological Association. What seems to matter more, he said, is what they are doing when they are online — content about self-harm, for example, has been shown to increase self-harming behavior.

Persons: Vivek Murthy, Murthy, ”, Mitch Prinstein Organizations: American Psychological Association Locations: U.S

☆ Social media isn't like cigarettes, and a warning label won't help much
▼ + stars: | 2024-06-18 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

US Surgeon General Vivek Murthy is recommending a warning label on social media sites cautioning that "social media is associated with significant mental health harms for adolescents." This label would warn teens and their parents of the potential risk of harm from using social media. But is social media really comparable to cigarettes? So far, the government's approach to social media regulation has been somewhat chaotic. A surgeon general warning label that pops up when you open Instagram is probably going to be annoying, but it can't really hurt.

Persons: Vivek Murthy, Murthy, There's, Meta, Tipper Gore, Nikki, John Denver, Frank Zappa, Dee Snider Organizations: Service, The New York Times, Business, Big Tech, Social Media, Apple, Music Resource, Recording Industry Association of America Locations: New York

☆ A surgeon general's warning on social media wouldn't be as powerful as good-old-fashioned parenting, experts say
▼ + stars: | 2024-06-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

But social media experts and researchers are mixed on just how effective such a move would be. According to one August 2022 study, almost half of all adolescents said social media makes them feel bad about their bodies. And what exactly would the warning say, North wondered, noting that social media is rarely exclusively harmful. Proactive parentingFor most kids, social media use begins at home. AdvertisementAre you a parent who has struggled with your children's social media use?

Persons: —, Vivek Murthy, Murthy, Titania Jordan, they've, Jordan, Mark Zuckerberg, Karen North, North Organizations: Service, New York Times, Business, American Medical Association, Bark Technologies, University of Southern Locations: University of Southern California

☆ Social media has gotten so bad that America's top doctor is intervening
▼ + stars: | 2024-06-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the surgeon general suggesting warning labels for social media . The big storyA solution for socialsAnna Moneymaker/Getty Images; Chesnot/Getty Images; Chelsea Jia Feng/BISocial media has gotten so bad that the country's top doctor is intervening. AdvertisementIn his piece, Murthy said social media is a key culprit of the mental health crisis young people are facing. Generative AI adds more fuel to the misinformation fire social media platforms have been battling for years. Many of them are making fast use of social media platforms like TikTok and investing heavily in AI.

Persons: —, Anna Moneymaker, Chelsea Jia Feng, Vivek Murthy, Geoff Weiss, Murthy, It's, Katie Notopoulos, isn't, Adam Kovacevich, Dan Whateley, Mark Zuckerberg, Zuckerberg, Danielle DiMartino Booth, Instagram, Larry Fink, Dave Calhoun, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, US, The New York Times, of Progress, Getty, Meta, Bank of America, AIM, Apple, Apple Watch, Adobe, Justice, Marketing's, District of Columbia, DC, Boeing Locations: China, Schonfeld, New York, London

☆ Surgeon General: Social Media Platforms Need a Health Warning - The New York Times
▼ + stars: | 2024-06-17 | by ( Vivek H. Murthy | ) www.nytimes.com time to read: +1 min

The mental health crisis among young people is an emergency — and social media has emerged as an important contributor. It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents. A surgeon general’s warning label, which requires congressional action, would regularly remind parents and adolescents that social media has not been proved safe. To be clear, a warning label would not, on its own, make social media safe for young people. The advisory I issued a year ago about social media and young people’s mental health included specific recommendations for policymakers, platforms and the public to make social media safer for kids.

☆ Opinion: Parents should listen to Dr. Vivek Murthy’s warning about social media
▼ + stars: | 2024-06-17 | by ( Opinion Kara Alaimo | ) edition.cnn.com time to read: +6 min

Her book “Over the Influence: Why Social Media Is Toxic for Women and Girls — And How We Can Take It Back” was recently published by Alcove Press. CNN —A year after his landmark advisory warning about the dangers social media poses to young people, US Surgeon General Dr. Vivek Murthy upped the ante on Monday by calling for mandated warning labels on social media apps. And he pointed out that young people spend an average of 4.8 hours on social media each day, according to a 2023 Gallup survey. Murthy is right to call on Congress to put warning labels on social networks. This could serve as the alarm parents need to protect their kids from the harmful effects of social media.

Persons: Kara Alaimo, CNN —, Vivek Murthy, Alaimo, ”, Murthy, shouldn’t, I’ve, It’s, you’re Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, New York Times, Gallup, Digital, Boston Children’s, Twitter

☆ Surgeon General Calls for Warning Labels on Social Media Platforms
▼ + stars: | 2024-06-17 | by ( Ellen Barry | ) www.nytimes.com time to read: 1 min

The United States Surgeon General, Dr. Vivek Murthy, announced on Monday that he would push for a warning label on social media platforms advising parents that using the platforms might damage adolescents’ mental health. Warning labels — like those that appear on tobacco and alcohol products — are one of the most powerful tools available to the nation’s top health official, but Dr. Murthy cannot unilaterally require them; the action requires approval by Congress. No such legislation has yet been introduced in either chamber. A warning label would send a powerful message to parents “that social media has not been proved safe,” Dr. Murthy wrote in an essay published in The New York Times opinion section on Monday. In his essay, he cast the effects of social media on children and teenagers as a public health risk on par with road fatalities or contaminated food.

Persons: Vivek Murthy, Murthy, Dr Organizations: United, The New York Times

A call to arms to rethink social mediaJust in: The U.S. surgeon general, Vivek Murthy, called for a warning label for social media platforms in a Times Guest Essay, advising parents that the technology may be helping fuel a mental health crisis among adolescents. It’s the latest effort by regulators to impose restrictions on social networks — particularly over their effects on children and teens — and is a reminder of the increasing scrutiny of global tech giants. In his guest essay, Murthy writes that the issue has become an emergency:Why is it that we have failed to respond to the harms of social media when they are no less urgent or widespread than those posed by unsafe cars, planes or food? Scrutiny of social media’s effects on teenagers has grown in recent years. The social psychologist Jonathan Haidt describes the 2007 release of the iPhone as an inflection point, with suicidal behavior and reports of despair among adolescents rising sharply since.

Persons: Vivek Murthy, —, Murthy, Jonathan Haidt Locations: The U.S, U.S

☆ Surgeon General demands warning label on social media apps
▼ + stars: | 2024-06-17 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. Teens spend nearly five hours a day on social media apps, according to a Gallup poll. Drew Angerer/Getty Images North America/Getty Images“It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents,” Murthy said. Congress has long chastised social media companies, claiming they pose harm to children. And Murthy urged parents to restrict children’s use of social media until they graduate from middle school.

Persons: Vivek Murthy, ” Murthy, Murthy, Drew Angerer, “, Mark Zuckerberg —, there’s, ”, Ron DeSantis, Kathy Hochul Organizations: CNN, New York Times, American Medical Association, Gallup, U.S, North, Capitol, Florida’s Republican Gov, New York Democratic Gov Locations: North America, America, Congress

☆ Surgeon General Calls for Warning Labels on Social Media Apps
▼ + stars: | 2024-06-17 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

US Surgeon General Vivek Murthy is calling for social media to carry warning labels for its links to anxiety and depression among adolescents. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Vivek Murthy Organizations: Business

☆ Surgeon General: Social media should come with a warning label like cigarettes
▼ + stars: | 2024-06-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Dr. Vivek Murthy said social media is contributing to a mental health "emergency." He's calling for a Surgeon General's warning label, which would require congressional action. Murthy said parents shouldn't let their kids have social media until after middle school. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US Surgeon General says social media should come with a warning label — similar to the ones that appear on cigarette packs.

Persons: Vivek Murthy, Murthy, shouldn't, — Organizations: Service, The New York Times, Business

☆ Trump Isn’t Choosing a V.P. He’s Casting a Reality Show. - The New York Times
▼ + stars: | 2024-06-17 | by ( Ramin Setoodeh | ) www.nytimes.com time to read: +1 min

The public jockeying by various candidates to become Donald Trump’s running mate has taken on the air of a circus. Vance of Ohio; Senator Rick Scott of Florida; Senator Tommy Tuberville of Alabama; the businessman and former presidential candidate Vivek Ramaswamy; and others. Mr. Trump’s search is playing out more like an open cattle call audition. But Mr. Trump is always governing for the cameras — his favorite constituency. Mr. Trump was America’s first reality-TV president, and now he’s reviving the hits: He’s turned the veepstakes into a reboot of “The Apprentice.”

Persons: Donald Trump’s, J.D, Vance of Ohio, Rick Scott of, Tommy Tuberville, Vivek Ramaswamy, Trump, Tim Scott, unvarnished, He’s, ” Locations: Manhattan, Rick Scott of Florida, Alabama

☆ Middle East Crisis Israel Announces Daytime Pause in Fighting in Part of Southern Gaza
▼ + stars: | 2024-06-16 | by ( Vivek Shankar | Isabel Kershner | ) www.nytimes.com time to read: +3 min

Kerem Shalom sits at the intersection of Gaza, Egypt and Israel, which controls the gateway. The Israeli military later clarified that the pause would be limited and that there would be “no cessation of fighting in the southern Gaza Strip.”“The fighting in Rafah is continuing,” Rear Adm. Daniel Hagari, the Israeli military spokesman, said on social media. Distributing that aid, Israeli officials said, would be contingent on relief agencies, on whom they called to pick up the supplies. Aid groups have said that the Israeli military’s activity in southern Gaza has made distributing aid nearly impossible. Data compiled by the U.N. show that the number of aid trucks entering southern Gaza remains well below the levels before the incursion in Rafah.

Persons: Salah al, Kerem Shalom, Daniel Hagari, Israel Organizations: Hamas, United Nations Locations: Gaza, Israel, Kerem, Egypt, Rafah, Kerem Shalom, United States, Qatar

☆ Bank of America says Broadcom could join Nvidia in the 'trillionaires club'
▼ + stars: | 2024-06-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Broadcom has a pathway to "join the trillionaires club," Bank of America said as it reiterated a buy rating on the chipmaker Thursday. The firm raised its price target to $2,000 per share from $1,680, a forecast that implies nearly 34% upside from Wednesday's $1,495.51 close. Analyst Vivek Arya said Broadcom's steady semiconductor sales and its exposure to multiple secular product cycles could help it get there. AVGO YTD mountain Broadcom stock. On Thursday, Broadcom stock rallied more than 15% and touched a fresh 52-week high.

Persons: Vivek Arya, it's, Arya Organizations: Broadcom, Bank of America, Microsoft, Apple, Nvidia, Wall

☆ Opinion | A Warning on Social Media Is the Very Least We Can Do
▼ + stars: | 2024-06-12 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

You’re in the middle of a public health emergency involving a dangerously addictive substance — let’s say an epidemic of fentanyl or vaping among teens. Issue a warning. In the midst of a well-documented mental health crisis among children and teenagers, with social media use a clear contributing factor, the surgeon general, Dr. Vivek Murthy, recommends choice one. As he wrote in a Times Opinion guest essay on Monday, “It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents.”It’s an excellent first step, but it’s a mere Band-Aid on a suppurating wound. We need to strongly regulate social media, as Europe has begun to do, and ban it for kids under 16.

Persons: “, Vivek Murthy, ”, Murthy Locations: Europe

☆ Nvidia: Here's why BofA Securities maintains a bullish stance on the stock
▼ + 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 EmailNvidia: Here's why BofA Securities maintains a bullish stance on the stockVivek Arya, Bank of America Securities senior semiconductors analyst, joins 'Squawk on the Street' to discuss if investors should buy Nvidia's stock at today's levels, how much Nvidia will support the software industry, and more.

Persons: Vivek Arya Organizations: Nvidia, BofA Securities, Bank of America Securities

☆ Nvidia stock has another 24% to climb as it looks poised to dominate the computing market for the next decade, Bank of America says
▼ + stars: | 2024-06-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bank reiterated its $1,500 price target this week, implying another 24% upside for the stock. Nvidia will continue to dominate the computing market in the next upgrade cycle, the bank said. BofA strategists have a 12-month price target of $1,500 a share, implying another 24% upside from where the stock was trading late Thursday morning. Vivek Arya, a senior semiconductor analyst for the bank, added that he believed the stock would dominate the computer market for the next decade. Nvidia stock undergo a 10-for-1 split on Friday, a move that could be a catalyst for further gains as a lower share price helps draw more attention from retail investors.

Persons: —, Jensen Huang, Vivek Arya, Ayra Organizations: Bank of America, Nvidia, Service, AMD, Intel, Yahoo Finance, Wall Street, Apple

☆ Nvidia can rally another 30% because of its 'multi-year lead' in AI chips, Bank of America says
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's head start in artificial intelligence chipmaking could boost its shares by another 30%, according to Bank of America. Nvidia shares have already risen 29% since the end of March, pushing its year-to-date gain to 135%. Bank of America's Arya reaffirmed his buy rating on shares and a $1,500 price target, implying 29% upside from Tuesday's close. He views Nvidia as best positioned "to enabling the $3 trillion IT industry towards delivering AI services." NVDA YTD mountain Shares this year While giving the Jensen Huang-led company a market value approaching $2.9 trillion, Nvidia's surging share price may create volatility.

Persons: Blackwell, Vivek Arya, Bank of America's Arya, Jensen Huang, Arya Organizations: Nvidia, Bank of America, AMD, Intel, Bank of America's, Blackwell, Grace

☆ I've stopped making friends at work
▼ + stars: | 2024-06-04 | by ( Alexandra Karplus | ) www.businessinsider.com time to read: +8 min

Because the city has a large transient population, I've seen many friends and coworkers come and go — but even this has had benefits. I've made trips to visit my work friends in their new homes around the world. Work friendships started back in New York and are still going strongThese types of strong connections with colleagues didn't just start in Singapore. More than half of those surveyed said they'd met a close friend through their work or a spouse's work. I haven't been introduced to any of my coworkers' friends or partners, nor has my husband met any of them.

Persons: —, Peter, he'd, I've, I'm, didn't, Jacques Torres Chocolate, lockdowns, they'd, Slack, Vivek Murthy, Murthy, haven't Organizations: Service, Singapore Botanic Gardens, Business, Global, Business Insider, Research, Survey Center, American, Associated Press Locations: Singapore, New York, Guildford, Bali, —, Manhattan, Dumbo , Brooklyn, Bangkok

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

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