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benzinga:bf1dd43e0094b:0 | QQQ | What's Going On With AMD Stock On Friday? | benzinga | https://benzinga.com/ | 2024-08-23T12:25:55+00:00 | https://www.tradingview.com/news/benzinga:bf1dd43e0094b:0-what-s-going-on-with-amd-stock-on-friday/ | null | [{'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:SMCI', 'base_logoid': 'super-micro-computer'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}] | /news/benzinga:bf1dd43e0094b:0-what-s-going-on-with-amd-stock-on-friday/ | EN | Advanced Micro Devices, Inc NASDAQ:AMD made a significant claim regarding the future performance of Zen 5 CPUs pending a substantial update from Microsoft Corp NASDAQ:MSFT.The chip designer said Microsoft’s upcoming Windows 11 version 24H2 update will boost performance for its new Zen 5 CPUs.Report… | Advanced Micro Devices, Inc NASDAQ:AMD made a significant claim regarding the future performance of Zen 5 CPUs pending a substantial update from Microsoft Corp NASDAQ:MSFT.
The chip designer said Microsoft’s upcoming Windows 11 version 24H2 update will boost performance for its new Zen 5 CPUs.
resorted to discount offers on retail price to spur demand for its Ryzen 9000 series, which failed to impress the Street.
The AMD-specific branch prediction code optimized for Windows 11 version 24H2 will likely ship next month, the Verge cites AMD.
“Zen 5 will see the biggest boost, but this Windows update will improve performance for Zen 4 and Zen 3 as well,” said AMD.
AMD predicted a 13% performance improvement for its 9950X CPU in Far Cry 6, running 24H2 instead of 23H2, and a 7% jump for Cyberpunk 2077.
Analysts, including Oppenheimer’s Rick Schafer and Truist Securities’ William Stein, evaluated AMD based on its plans to acquire AI server company ZT Systems for $4.9 billion. They held a AMD’s mission to compete with 800-pound gorilla Nvidia Corp NASDAQ:NVDA in the declining PC market.
Wedbush Securities‘ Matt Bryson and Oppenheimer’s Rick Schafer hailed Nvidia as the . This is backed by a robust quarterly print from customers, including Foxconn and Super Micro Computer, Inc. NASDAQ:SMCI, which bear testimony to cloud service providers (CSPs) and enterprise AI demand.
AMD gained 44% in the last 12 months, compared to Nvidia, which has gained 171%.
Investors can gain exposure to AMD and Nvidia through Invesco QQQ Trust, Series 1 NASDAQ:QQQ, and SPDR S&P 500 AMEX:SPY.
Price Action: AMD stock is up 0.77% at $152.86 premarket at last check on Friday.
Photo via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240823:TG1688388:0 | 7203 | シーメンス、空港物流部門の売却先としてファンダランデを選択 | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T12:25:48+00:00 | https://ja.tradingview.com/news/mtnewswires.com:20240823:TG1688388:0/ | null | [{'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/mtnewswires.com:20240823:TG1688388:0/ | JA | シーメンスは、3つの情報源を引用したロイター通信の報道によると、トヨタ自動車 TSE:7203 のファンダランデを、同社の空港物流部門シーメンス・ロジスティクスの売却先候補に選んだ。取引条件はまだ交渉中で、シーメンスの監査役会の承認が必要であると2つの情報源を引用して報じている。シーメンスとファンダランデは、同報道によると、ともにコメントを控えている。MTNewsが問い合わせたところ、シーメンスは市場の噂や憶測には応じないと述べ、コメントを控えた。 | シーメンスは、3つの情報源を引用したロイター通信の報道によると、トヨタ自動車 TSE:7203 のファンダランデを、同社の空港物流部門シーメンス・ロジスティクスの売却先候補に選んだ。
取引条件はまだ交渉中で、シーメンスの監査役会の承認が必要であると2つの情報源を引用して報じている。
シーメンスとファンダランデは、同報道によると、ともにコメントを控えている。
MTNewsが問い合わせたところ、シーメンスは市場の噂や憶測には応じないと述べ、コメントを控えた。
| stocks | null | null | null |
DJN_DN20240823004482:0 | MSFT | Google Appoints New AI Leader: Report. It Could Be Good News in Fight With Microsoft. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-23T12:25:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823004482:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/DJN_DN20240823004482:0/ | EN | By Adam ClarkGoogle has made a senior appointment to its team developing artificial-intelligence applications. It could represent a shift of approach at the search company.Noam Shazeer will serve as a technical lead on Gemini AI, according to a Google memo to staff, reported the technology-focused… | By Adam Clark
Google has made a senior appointment to its team developing artificial-intelligence applications. It could represent a shift of approach at the search company.
Noam Shazeer will serve as a technical lead on Gemini AI, according to a Google memo to staff, reported the technology-focused news outlet The Information
Google — which is owned by Alphabet — didn't immediately respond to a request for comment early on Friday.
Google rehired Shazeer and Daniel de Freitas, the co-founders of the chatbot start-up Character.AI, earlier this month after the pair left the company in 2021. The company said at the time that Shazeer would join Google DeepMind, its AI research division and it would license Character.AI's technology.
Shazeer will work alongside existing Gemini co-leaders Jeff Dean and Oriol Vinyals, according to The Information.
The appointment of Shazeer might help quell concerns that Google lost its edge in AI because it was too cautious when it came to releasing products. Shazeer has publicly said that was why he left the company in the first place.
A video recently emerged of former Google CEO Eric Schmidt telling a class at Stanford that Google was losing the AI race to start-ups because the company decided work-life balance and being able to work from home was "more important than winning." He subsequently said he misspoke about Google's work hours.
Google has already reshuffled its AI operation several times. Last year it merged its DeepMind unit — overseen by neuroscientist Demis Hassabis — with the Brain team overseen by Dean to have a single AI operation named Google DeepMind. Google said at the time that while Hassabis would be CEO of the unit, Dean would be its chief scientist and report directly to Alphabet CEO Sundar Pichai.
Speaking at Mobile World Congress in Barcelona earlier this year, Alphabet's Hassabis attributed OpenAI's success in rolling out ChatGPT ahead of similar products from Google to its "Silicon Valley growth mentality," and willingness to put out a system with flaws to the general public.
Now Microsoft-backed OpenAI is taking aim at Google's core market with an AI-powered search product, which it said it was testing last month.
Shazeer's appointment looks like a sign that Google might be reverting to a start-up mentality when it comes to AI to fight back against its rivals.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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urn:newsml:mtnewswires.com:20240823:A3210335:0 | NVDA | Nvidia Expected to Outperform Q2, Perform Well in Q3 on Server, Data Center Demand, Wedbush Says | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T12:10:22+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210335:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210335:0/ | EN | NVIDIA NASDAQ:NVDA is expected to deliver "stronger" Q2 results and "robust" Q3 guidance as enterprise spending on AI-related hardware continues to growth, Wedbush said in a note to investors on Friday. Wedbush conferred with companies within Nvdia's supply chain and found "no slowing" in demand fo… | NVIDIA NASDAQ:NVDA is expected to deliver "stronger" Q2 results and "robust" Q3 guidance as enterprise spending on AI-related hardware continues to growth, Wedbush said in a note to investors on Friday.
Wedbush conferred with companies within Nvdia's supply chain and found "no slowing" in demand for AI-related hardware and few potential delays in delivering chips. Spending on servers and data centers also continues to accelerate.
"We are lifting our July and October expectations by roughly $2 billion each," Wedbush said. "Upside comes exclusively from higher data center assumptions, which more than offset slight downward adjustments we made in NVDA's gaming business."
Nvidia is expected to report its quarterly results on Aug. 28, after the closing bell.
Wedbush maintained its overweight rating on the stock and lifted its price target to $138 from a previous $120.
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urn:newsml:mtnewswires.com:20240823:G2405742:0 | 7203 | Market Chatter: Siemens Chooses Vanderlande for Airport Logistics Unit Sale | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T12:05:09+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:G2405742:0/ | null | [{'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/mtnewswires.com:20240823:G2405742:0/ | EN | Siemens has selected Toyota Motor's TSE:7203 Vanderlande to purchase its airport logistics unit, Siemens Logistics, according to Reuters News, citing three sources. The deal's terms are still being negotiated and require Siemens' supervisory board approval, said the news wire, citing two sources. S… | Siemens has selected Toyota Motor's TSE:7203 Vanderlande to purchase its airport logistics unit, Siemens Logistics, according to Reuters News, citing three sources.
The deal's terms are still being negotiated and require Siemens' supervisory board approval, said the news wire, citing two sources.
Siemens and Vanderlande have both declined to comment, the report added.
When contacted by MTNews, Siemens declined to comment, stating that they do not address market rumors or speculation.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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benzinga:4858937ab094b:0 | NVDA | What's Going On With Alibaba Stock On Friday? | benzinga | https://benzinga.com/ | 2024-08-23T11:34:07+00:00 | https://www.tradingview.com/news/benzinga:4858937ab094b:0-what-s-going-on-with-alibaba-stock-on-friday/ | null | [{'symbol': 'NYSE:BABA', 'base_logoid': 'alibaba'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:4858937ab094b:0-what-s-going-on-with-alibaba-stock-on-friday/ | EN | Alibaba Group Holding Limited NYSE:BABA stock traded higher on Friday as it announced plans to allow mainland investors to start trading through changes to its listing status in Hong Kong.Fund manager Dai Ming expects the move to infuse liquidity into the stock.The Chinese e-commerce juggernaut pos… | Alibaba Group Holding Limited NYSE:BABA stock traded higher on Friday as it announced plans to allow start trading through changes to its listing status in Hong Kong.
Fund manager Dai Ming expects the move to infuse liquidity into the stock.
The Chinese e-commerce juggernaut posted a in the first quarter, lagging the analyst consensus estimate as domestic e-commerce rivalry and a weak domestic economy played spoilsport.
Alibaba, which has lost 7% in the last 12 months, trades at a forward price-to-earnings ratio of 8.91x. Arch rival PDD Holdings Inc NASDAQ:PDD gained 90% and trades at 9.45x.
Alibaba’s met obstacles after the U.S. intensified its semiconductor technology embargo against China, which now encompassed Nvidia Corp’s NASDAQ:NVDA sophisticated AI chips.
Alibaba has also started losing out on domestic AI clients as its AI models fail to generate the requisite computing power.
China’s Shenzhen University, Yunda Technology, and Zhejiang Lab reached out to Amazon.Com Inc NASDAQ:AMZN, Amazon Web Services, and Microsoft Corp NASDAQ:MSFT to fill the void left by the U.S. sanctions, as per Reuters.
Alibaba’s Cloud Intelligence Group revenue grew by 6% to $3.65 billion in the first quarter.
In the U.S., Amazon has gained over 31% in the last 12 months and trades at a forward PE multiple of 30.04x
Price Action: BABA shares traded higher by 2.80% at $85.28 premarket at the last check on Friday.
Photo via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240823:A3210277:0 | NVDA | Wedbush Raises Price Target on NVIDIA to $138 From $120, Maintains Outperform Rating | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T11:13:34+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210277:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210277:0/ | EN | NVIDIA NASDAQ:NVDA has an average rating of buy and price targets ranging from $90 to $200, according to analysts polled by Capital IQ. | NVIDIA NASDAQ:NVDA has an average rating of buy and price targets ranging from $90 to $200, according to analysts polled by Capital IQ.
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tag:reuters.com,2024:newsml_L1N3KA04G:0 | NVDA | Chinese entities turn to Amazon cloud and its rivals to access high-end US chips, AI | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T11:00:00+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KA04G:0-chinese-entities-turn-to-amazon-cloud-and-its-rivals-to-access-high-end-us-chips-ai/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NYSE:BABA', 'base_logoid': 'alibaba'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/reuters.com,2024:newsml_L1N3KA04G:0-chinese-entities-turn-to-amazon-cloud-and-its-rivals-to-access-high-end-us-chips-ai/ | EN | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.The U.S. government has restricted the export of high… | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.
The U.S. government has restricted the export of high-end AI chips to China over the past two years, citing the need to limit the Chinese military's capabilities.
Providing access to such chips or advanced AI models through the cloud, however, is not a violation of U.S. regulations since only exports or transfers of a commodity, software or technology are regulated.
A Reuters review of more than 50 tender documents posted over the past year on publicly available Chinese databases showed that at least 11 Chinese entities have sought access to restricted U.S. technologies or cloud services.
Among those, four explicitly named Amazon Web Services (AWS) as a cloud service provider, though they accessed the services through Chinese intermediary companies rather than from AWS directly.
The tender documents, which Reuters is the first to report on, show the breadth of strategies Chinese entities are employing to secure advanced computing power and access generative AI models. They also underscore how U.S. companies are capitalising on China's growing demand for computing power.
"AWS complies with all applicable U.S. laws, including trade laws, regarding the provision of AWS services inside and outside of China," a spokesperson for Amazon's cloud business said.
AWS controls nearly a third of the global cloud infrastructure market, according to research firm Canalys. In China, AWS is the sixth-largest cloud service provider, according to research firm IDC.
Shenzhen University spent 200,000 yuan ($27,996) on an AWS account to gain access to cloud servers powered by Nvidia A100 and H100 chips for an unspecified project, according to a March tender document. It got this service via an intermediary, Yunda Technology Ltd Co, the document showed.
Exports to China of the two Nvidia chips, which are used to power large-language models (LLM) such as OpenAI's ChatGPT, are banned by the U.S.
Shenzhen University and Yunda Technology did not respond to requests for comment. Nvidia declined to comment on Shenzhen University's spending or on any of the other Chinese entities' deals.
Zhejiang Lab, a research institute developing its own LLM, GeoGPT, said in a tender document in April that it intended to spend 184,000 yuan to purchase AWS cloud computing services as its AI model could not get enough computing power from homegrown Alibaba NYSE:BABA.
A spokesperson for Zhejiang Lab said that it did not follow through with the purchase but did not respond to questions about the reasoning behind this decision or how it met its LLM's computing power requirements. Alibaba's cloud unit, Alicloud, did not respond to a request for comment.
Reuters could not establish whether or not the purchase went ahead.
The U.S. government is now trying to tighten regulations to restrict access through the cloud.
"This loophole has been a concern of mine for years, and we are long overdue to address it," Michael McCaul, chair of the U.S. House of Representatives Foreign Affairs Committee, told Reuters in a statement, referring to the remote access of advanced U.S. computing through the cloud by foreign entities.
Legislation was introduced in Congress in April to empower the commerce department to regulate remote access of U.S. technology, but it is not clear if and when it will be passed.
A department spokesperson said it was working closely with Congress and "seeking additional resources to strengthen our existing controls that restrict PRC companies from accessing advanced AI chips through remote access to cloud computing capability."
The commerce department also proposed a rule in January that would require U.S. cloud computing services to verify large AI model users and report to regulators when they use U.S. cloud computing services to train large AI models capable of "malicious cyber-enabled activity".
The rule, which has not been finalized, would also enable the commerce secretary to impose prohibitions on customers.
"We are aware the commerce department is considering new regulations, and we comply with all applicable laws in the countries in which we operate," the AWS spokesperson said.
CLOUD DEMAND IN CHINA
The Chinese entities are also seeking access to Microsoft's NASDAQ:MSFT cloud services.
In April, Sichuan University said in a tender document it was building a generative AI platform and purchasing 40 million Microsoft Azure OpenAI tokens to support the delivery of this project. The university's procurement document in May showed that Sichuan Province Xuedong Technology Co Ltd supplied the tokens.
Microsoft did not respond to requests for comment. Sichuan University and Sichuan Province Xuedong Technology did not respond to requests for comment on the purchase.
OpenAI said in a statement its own services are not supported in China and that Azure OpenAI operates under Microsoft's policies. It did not comment on the tenders.
The University of Science and Technology of China's (USTC) Suzhou Institute of Advanced Research said in a tender document in March that it wanted to rent 500 cloud servers, each powered by eight Nvidia A100 chips, for an unspecified purpose.
The tender was fulfilled by Hefei Advanced Computing Center Operation Management Co Ltd, a procurement document showed in April, but the document did not name the cloud service provider and Reuters could not determine its identity.
USTC was added to a U.S. export control list known as the 'Entity List' in May for acquiring U.S. technology for quantum computing that could help China's military, and involvement in its nuclear program development.
USTC and Hefei Advanced Computing Center did not respond to requests for comment.
BEYOND RESTRICTED AI CHIPS
Amazon has offered Chinese organisations access not only to advanced AI chips but also to advanced AI models such as Anthropic's Claude which they cannot otherwise access, according to public posts, tenders and marketing materials reviewed by Reuters.
"Bedrock provides a selection of leading LLMs including prominent closed-source models such as Anthropic's Claude 3," Chu Ruisong, President of AWS Greater China, told a generative AI-themed conference in Shanghai in May, referring to its cloud platform.
In various Chinese-language posts for AWS developers and clients, Amazon highlighted the opportunity to try out "world-class AI models" and mentioned Chinese gaming firm Source Technology as one of its clients using Claude.
Amazon has dedicated sales teams serving Chinese clients domestically and overseas, according to two former company executives.
After Reuters contacted Amazon for comment, it updated dozens of posts on its Chinese-language channels with a note to say some of its services were not available in its China cloud regions. It also removed several promotional posts, including the one about Source Technology. Amazon did not give a reason for removing the posts and did not answer a Reuters query on that.
"Amazon Bedrock customers are subject to Anthropic's end user license agreement, which prohibits access to Claude in China both via Amazon's Bedrock API (application programming interface) and via Anthropic's own API," the AWS spokesperson said.
Anthropic said it does not support or allow customers or end-users within China to access Claude.
"However, subsidiaries or product divisions of Chinese-headquartered companies may use Claude if the subsidiary itself is located in a supported region outside of China," an Anthropic spokesperson said.
Source Technology did not respond to a request for comment.
($1 = 7.1440 Chinese yuan renminbi)
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tag:reuters.com,2024:newsml_L1N3KA04J:0 | NVDA | List of Chinese entities who have turned to the cloud for access to restricted US tech | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T11:00:00+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KA04J:0-list-of-chinese-entities-who-have-turned-to-the-cloud-for-access-to-restricted-us-tech/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NYSE:BABA', 'base_logoid': 'alibaba'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'SZSE:000625', 'base_logoid': 'chong-qing-changan'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L1N3KA04J:0-list-of-chinese-entities-who-have-turned-to-the-cloud-for-access-to-restricted-us-tech/ | EN | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.Providing access to such technologies through the clou… | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.
Providing access to such technologies through the cloud is not a violation of U.S. regulations.
A spokesperson for Amazon's cloud business, Amazon Web Services (AWS), said: "AWS complies with all applicable U.S. laws, including trade laws, regarding the provision of AWS services inside and outside of China."
Following is a list of Chinese entities that sought access to restricted U.S. technologies through the cloud, according to the documents that were reviewed by Reuters.
Entities accessing or expressing interest in accessing AI models and computing power via AWS:
1. Zhejiang Lab
The state-run research institute is developing its own large-language model, GeoGPT, and said in a tender document in April that it intended to spend 184,000 yuan ($25,760) to purchase AWS cloud computing services, as its AI model could not get enough computing power from homegrown Alibaba NYSE:BABA. The institute told Reuters that it did not go through with the purchase but did not say why. Alibaba's cloud unit, Alicloud, did not respond to a request for comment. Reuters could not determine if the purchase had been completed.
2. National Center of Technology Innovation for EDA
The state-backed entity, which helps Chinese companies develop chip design blueprints for mass production, said in an April tender document it spent 600,000 yuan to buy an overseas AWS account for the purpose of accessing Claude 3, an AI model developed by Anthropic. Anthropic said it does not support or allow customers or end-users within China to access Claude. The center did not respond to a request for comment.
Entities accessing advanced U.S. chips via AWS:
1. Shenzhen University
Shenzhen University spent 200,000 yuan on an AWS account to gain access to cloud servers powered by Nvidia NASDAQ:NVDA A100 and H100 chips for an unspecified project, according to a March tender document. Exports to China of the two Nvidia chips are banned by the U.S.
Shenzhen University got this service via an intermediary, Yunda Technology Ltd Co, the document showed. The university and Yunda Technology did not respond to requests for comment.
Nvidia did not respond to a request for comment on Shenzhen University's spending or on any of the other Chinese entities' deals.
2. Fujian Chuanzheng Communications College
The vocational college backed by the Fujian provincial government spent 85,000 yuan in August last year on an AWS account that would give it access to clusters made up of over 4,000 Nvidia A100 chips. The supplier was Xiamen Hanwei Software Technology Ltd Co, according to the August tender document.
The college said in the tender document that the purchase was designed to "keep pace with the latest developments in cloud computing technology...and enhance the quality of cloud computing talent training and professional development at educational institutions."
The college and Xiamen Hanwei did not respond to requests for comment. An AWS spokesperson said "the vast majority of this small tender pertained to skills training, and the very small portion that related to cloud services did not use any of the restricted AI chips."
Entities accessing or expressing interest in accessing OpenAI tools via Microsoft's Azure
1. Chongqing Changan Automobile Co SZSE:000625
The state-owned car maker said in May last year it was looking for a retailer authorised by Microsoft NASDAQ:MSFT that could set up Azure OpenAI accounts and integrate generative AI technology into the company's systems and applications. The company did not respond to a request for comment on whether it went through with the purchase. Microsoft did not respond to a request for comment and Reuters could not determine whether the purchase went through.
2. Sichuan University
In April, Sichuan University said it was building a generative AI platform and purchasing 40 million Azure OpenAI tokens in order to support the delivery of this project. The supplier was Sichuan Province Xuedong Technology Co Ltd, a May tender document showed. The Chinese entities and Microsoft did not respond to requests for comment.
OpenAI said in a statement its own services are not supported in China and that Azure OpenAI operates under Microsoft’s policies. It did not comment on the tenders.
Entities accessing or expressing interest in accessing U.S. chips via cloud services
1. Suzhou Institute of Advanced Research, University of Science and Technology of China (USTC)
The USTC institute said in a March filing that it wanted to rent 500 cloud servers, each powered by eight Nvidia A100 chips for an unspecified purpose.
The tender was fulfilled by Hefei Advanced Computing Center Operation Management Co Ltd, a procurement document showed in April, but the document did not name the cloud service provider and Reuters could not determine its identity.
The U.S. Commerce Department added USTC to its Entity List in May 2024 for acquiring U.S. technology for quantum computing that could help China’s military, and involvement in its nuclear program development.
USTC did not respond to a request for comment on the transaction and on being put on the entity list.
2. Southern University of Science and Technology (SUSTech)
The university's Department of Computer Science bought in April four months of usage time on a server powered by eight Nvidia A100 chips by paying 196,000 yuan to Shenzhen Yunbing Technology Co Ltd for an unspecified purpose.
The university's Department of Mechanical and Energy Engineering was added in February 2022 to the Unverified List, which means parties that engage in business with the department must take additional compliance steps to address U.S. concerns about potential national security risks.
SUSTech and Shenzhen Yunbing did not respond to requests for comment.
3. Tsinghua University
One of the most frequent state-affiliated buyers of banned Nvidia chips said in November 2023 that it planned to spend almost half a million yuan to rent 10 or more servers, each powered by eight Nvidia A100 chips, to provide AI computing power for an unspecified purpose. The contract was awarded to Beijing Parallel Technology Co Ltd, a Reuters check showed. Neither entity responded to a request for comment.
4. China Coal Research Institute
A major R&D hub for China's coal industry, the institute said in June it wanted to purchase four servers powered by Nvidia A100 chips. The institute did not respond to a request for comment. Reuters could not establish if the purchase went ahead.
5. China National Knowledge Infrastructure
China National Knowledge Infrastructure, which operates the country's largest academic database, said it wanted to purchase a cloud computing account with a validity of three years that could give it access to Nvidia A100 computing power. The tender was awarded to Inner Mongolia Tongfang Exploration Technology Co Ltd, a Reuters check showed. Neither company responded to a request for comment.
($1 = 7.1429 Chinese yuan renminbi)
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benzinga:eedebbaf6094b:0 | QQQ | US Stocks Eye Strong Start As Traders Discount Dovish Comments From Jerome Powell At Jackson Hole: Nvidia's Earnings Will Reinforce That Tech Stocks Are In Good Place, Says Strategist | benzinga | https://benzinga.com/ | 2024-08-23T10:39:29+00:00 | https://www.tradingview.com/news/benzinga:eedebbaf6094b:0-us-stocks-eye-strong-start-as-traders-discount-dovish-comments-from-jerome-powell-at-jackson-hole-nvidia-s-earnings-will-reinforce-that-tech-stocks-are-in-good-place-says-strategist/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:BILL', 'base_logoid': 'bill-com'}, {'symbol': 'NYSE:CAVA', 'base_logoid': 'cava'}, {'symbol': 'NASDAQ:ROST', 'base_logoid': 'ross-stores'}, {'symbol': 'NASDAQ:WDAY', 'base_logoid': 'workday'}, {'symbol': 'NYSE:BKE', 'base_logoid': 'buckle'}, {'symbol': 'NASDAQ:MSTR', 'base_logoid': 'microstrategy'}, {'symbol': 'NASDAQ:COIN', 'base_logoid': 'coinbase'}] | /news/benzinga:eedebbaf6094b:0-us-stocks-eye-strong-start-as-traders-discount-dovish-comments-from-jerome-powell-at-jackson-hole-nvidia-s-earnings-will-reinforce-that-tech-stocks-are-in-good-place-says-strategist/ | EN | Traders apparently are baking in expectations that Federal Reserve Chairman Jerome Powell will confirm at Jackson Hole that a rate cut is forthcoming. After Thursday’s hiccup, stocks appear on track to open higher, with the index futures modestly higher early Friday. While delving into Powell’s spe… | Traders apparently are baking in expectations that Federal Reserve Chairman Jerome Powell will confirm at Jackson Hole that a rate cut is forthcoming. stocks appear on track to open higher, with the index futures modestly higher early Friday. While delving into Powell’s speech, fund manager Louis Navellier said, “I suspect he’s going to say that the inflation has been in the Fed’s target range in the last three months, and he has to address the labor market as well.”
Analysts at Macquarie expect Powell to go with a neutral tone. “We wouldn’t be surprised by a moderate tone from Powell, which could have implications for currency markets and investor sentiment,” the analysts at the firm said, Investing.com reported. “Yet, we doubt that Powell will be so bold as to sound so ‘dovish,” they reportedly said.
FuturesPerformance (+/-)Nasdaq 100+0.71%S&P 500+0.45%Dow+0.30%R2K+0.50%In premarket trading on Friday, the SPDR S&P 500 ETF Trust AMEX:SPY climbed 0.50% to $559.01, and the Invesco QQQ ETF NASDAQ:QQQ gained 0.78% to $478.55, according to Benzinga Pro data.
Cues From Last Session:
Selling resumed on Thursday as a modest increase in jobless claims and a faster-than-expected expansion seen in the service sector sapped the risk appetite of traders. The major averages opened slightly higher and saw some volatility in early trading. They began to move steadily lower thereafter before ending notably lower for the session amid caution ahead of Powell’s speech on Friday.
IT stocks fell by the most, and consumer discretionary and communications services stocks also fell sharply, while energy, financial and real-estate stocks bucked the downtrend.
IndexPerformance (+/)ValueNasdaq Composite-1.67%17,619.35S&P 500 Index-0.89%5,570.64Dow Industrials-0.43%40,712.78Russell 2000-0.95%2,150.03Insights From Analysts:
The market has shown a lot of resilience as they fought back after the Aug. 5 sell-off, said Fund Strat’s Tom Lee in a CNBC interview on Thursday. “The fact we snapped back so sharply is showing you how strong the market is,” he said. The July jobs data and the sharp downward adjustment made to non-farm payrolls during the annual revision gives more ammunition for the Fed to start a cutting cycle, he added.
This, the strategist, said will give more life to the economy and the markets, especially to cyclical and small-cap stocks. The techs are still in a good place due to the artificial intelligence technology, he said, adding that Nvidia Corp. NASDAQ:NVDA will reinforce that. The multiple at which tech stocks are trading is not a demanding multiple, he said.
“If tech is in a good place and then we get Fed cuts, I think it allows the overall market to expand.”
Lee suggested the Fed should get off its data-dependence stance, as it is the reason why the central bank missed the inflation turn and is now missing the soft-landing.
Upcoming Economic Data
Powell is scheduled to speak at the Jackson Hole symposium at 10 a.m. EDT.The Commerce Department will release its new home sales report for July at 10 a.m. EDT, with economists, on average, expect the number to come in at a seasonally adjusted annual rate of 620,000 units, slightly up from the 617,000-unit rate in June.See also:
Stocks In Focus:
BILL Holdings, Inc. NYSE:BILL rose over 4% following the company’s quarterly results announcement.The other stocks moving on earnings are CAVA Group, Inc. NYSE:CAVA (up over 9.5%), Ross Stores, Inc. NASDAQ:ROST (nearly 5.5%) and Workday, Inc. NASDAQ:WDAY (up over 12.5%).Buckle, Inc. NYSE:BKE is due to release its quarterly results before the market opens.Crypto-linked stocks firmed up amid the strength among cryptocurrencies. MicroStrategy Incorporated NASDAQ:MSTR climbed nearly 3% and Coinbase Global, Inc. NASDAQ:COIN gained over 1.75%.Commodities, Bonds And Global Equity Markets:
Crude oil futures are higher following back-to-back gains in the past two sessions and gold futures also advanced, with the yellow metal trading past the $2,530-an-ounce level. Bitcoin gained modest ground and traded above the $61K level. The yield on the 10-year Treasury note edged down slightly to 3.852%.
The Asian markets had a lackluster outing, as traders reacted to the pullback by Wall Street stocks overnight and chose to remain on the sidelines ahead of Powell’s speech. European stocks were higher in early trading.
Read Next:
Not Nvidia, Portfolio Manager Says He’d Pick This ‘Magnificent 7’ Stock In The Near Term, But Expects Jensen Huang-Led Company To Surprise On The Upside Next WeekImage Via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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tag:reuters.com,2024-08-23:newsml_RSW6175Ba:0 | 7203 | REG - Toyota Mtr Fin(Nthld - Publication of Final Terms | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T10:23:28+00:00 | https://www.tradingview.com/news/reuters.com,2024-08-23:newsml_RSW6175Ba:0-reg-toyota-mtr-fin-nthld-publication-of-final-terms/ | null | [{'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/reuters.com,2024-08-23:newsml_RSW6175Ba:0-reg-toyota-mtr-fin-nthld-publication-of-final-terms/ | EN | RNS Number : 6175B Toyota Motor Fin (Netherlands) B.V. 23 August 2024 Toyota Motor Finance (Netherlands) B.V.23 August 2024Publication of Final TermsThe following Final Terms are available for viewing:Final Terms dated 23 August 2024 in respect of an issue by Toyota Motor Finance (Netherlands… | RNS Number : 6175B Toyota Motor Fin (Netherlands) B.V. 23 August 2024 Toyota Motor Finance (Netherlands) B.V.
23 August 2024
Publication of Final Terms
The following Final Terms are available for viewing:
Final Terms dated 23 August 2024 in respect of an issue by Toyota Motor Finance (Netherlands) B.V. of EUR 100,000,000 Floating Rate Notes due 22 March 2028 (the "Notes") (to be consolidated and form a single series with the existing EUR 110,000,000 Floating Rate Notes due 22 March 2028 issued on 22 March 2024 and the existing EUR 40,000,000 Floating Rate Notes due 22 March 2028 issued on 12 June 2024).
The Notes are to be issued under the €60,000,000,000 Euro Medium Term Note Programme established by Toyota Motor Finance (Netherlands) B.V., Toyota Credit Canada Inc., Toyota Finance Australia Limited (ABN 48 002 435 181) and Toyota Motor Credit Corporation.
The Final Terms in respect of the Notes must be read in conjunction with the Prospectus dated 15 September 2023, as supplemented by the Supplementary Prospectuses dated 3 November 2023, 5 December 2023, 8 February 2024, 1 March 2024, 10 May 2024, 1 July 2024 and 2 August 2024 including all documents incorporated by reference (together, the "Prospectus"), which constitutes a base prospectus for the purposes of the Prospectus Regulation (Regulation (EU) 2017/1129, as amended) and the Prospectus Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, in order to obtain all the relevant information.
To view the Final Terms in respect of the Notes, please click on the link below:
http://www.rns-pdf.londonstockexchange.com/rns/6175B_1-2024-8-23.pdf
A copy of the Final Terms in respect of the Notes will be submitted to the National Storage Mechanism and will be available shortly at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
DISCLAIMER - INTENDED ADDRESSEES
The distribution of the Final Terms in respect of the Notes, and the offering or sale of the Notes in certain jurisdictions may be restricted by law. Access to this document is provided for information and reference purposes only and does not constitute an offer or the solicitation of any offer or sale by Toyota Motor Finance (Netherlands) B.V. in any way.
In particular, the Prospectus and the Final Terms in respect of the Notes do not constitute an offer of securities for sale in the United States. The Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under any relevant securities laws of any state of the United States of America and may not be offered or sold to U.S. persons or to persons within the United States of America except in certain transactions exempt from, or not subject to, the registration requirements of the Securities Act.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END PFTBGGDIUBDDGSX
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benzinga:896f36dcd094b:0 | NVDA | Nvidia Earnings 'More Important' Than Jerome Powell's Jackson Hole Speech For Wall Street, Says Expert: 'Not Even Going To Tell You What He's Going To Do After That...' | benzinga | https://benzinga.com/ | 2024-08-23T10:19:38+00:00 | https://www.tradingview.com/news/benzinga:896f36dcd094b:0-nvidia-earnings-more-important-than-jerome-powell-s-jackson-hole-speech-for-wall-street-says-expert-not-even-going-to-tell-you-what-he-s-going-to-do-after-that/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:896f36dcd094b:0-nvidia-earnings-more-important-than-jerome-powell-s-jackson-hole-speech-for-wall-street-says-expert-not-even-going-to-tell-you-what-he-s-going-to-do-after-that/ | EN | Peter Boockvar, a renowned market analyst, recently shared his expectations for Federal Reserve Chair Jerome Powell’s upcoming commentary and its potential market implications.What Happened: Boockvar shared during CNBC’s “Fast Money,” on Thursday that while Powell will acknowledge a September rate… | Peter Boockvar, a renowned market analyst, recently shared his expectations for Federal Reserve Chair Jerome Powell’s upcoming commentary and its potential market implications.
What Happened: Boockvar shared during CNBC’s “Fast Money,” on Thursday that while Powell will acknowledge a September rate cut based on the employment data rather than the inflation rate, “he is not going to tell you 25 or 50 [basis points], and he’s not even going to tell you what he’s going to do after that, because they don’t know.”
“Nvidia is going to be more important than what Powell says. The economic data actually mattered more for the markets directly, not in terms of its implications for the Fed, and the earnings from the big names had much more of an impact on the markets than the Fed.”
Boockvar also highlighted that Nvidia Corp NASDAQ:NVDA is going to cap the whole AI trade next week when it announces its latest quarterly results on Wednesday.
"[Powell] is not going to tell you 25 or 50 [basis points], and he's not even going to tell you what he's going to do after that, because they don't know." lays out his expectations for the Fed chair's commentary tomorrow — and why could mean more to markets:
See Also:
Why It Matters: The market is historically sensitive to guidance. In 2022, Powell’s suggestion of a 75 basis point hike led to a spike in Treasury yields and a downturn in equities.
Investors are currently awaiting Powell’s speech at the, with U.S. stocks settling lower on Thursday. The market sentiment, as indicated by the CNN Money Fear and Greed index, remains in the “Neutral” zone.
Meanwhile, Federal Reserve members have hinted at a potential shift towards lowering interest rates. Boston Fed President Susan Collins and Philadelphia Fed President Patrick Harker indicated that the central bank might begin easing rates as soon as September.
Did You Know?
Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use ToolImage via Midjourney
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240823:A3210191:0 | NVDA | Update: Market Chatter: Amazon, Microsoft Cloud Services Used by China to Circumvent Tech Restrictions | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T10:12:24+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210191:0/ | null | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210191:0/ | EN | (Updates with statement from Amazon in the fifth paragraph.)Amazon.com NASDAQ:AMZN and Microsoft's NASDAQ:MSFT cloud services are being used by state-linked Chinese organizations to access restricted US microchip and artificial intelligence tools, Reuters reported Thursday, citing public tender doc… | (Updates with statement from Amazon in the fifth paragraph.)
Amazon.com NASDAQ:AMZN and Microsoft's NASDAQ:MSFT cloud services are being used by state-linked Chinese organizations to access restricted US microchip and artificial intelligence tools, Reuters reported Thursday, citing public tender documents.
Reuters said it found at least 11 entities using cloud computing tools such as Amazon Web Services to access technologies that the US has sought to keep out of China's hands. The loophole that does not violate US regulations, Reuters reported.
The entities use third-party vendors to access the cloud services such as Microsoft's Azure, which give them access to capabilities of barred Nvidia NASDAQ:NVDA microchips and OpenAI's ChatGPT, Reuters reported.
Amazon has also marketed its cloud services to Chinese customers as a tool to access AI tools, Reuters reported.
Amazon said in an email to MT Newswires that Amazon Web Services "complies with all applicable US laws, including trade laws, regarding the provision of AWS services inside and outside of China."
Microsoft did not immediately reply to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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urn:newsml:mtnewswires.com:20240823:A3210185:0 | NVDA | Evercore ISI Adjusts Price Target on NVIDIA to $150 From $145, Maintains Outperform Rating | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T10:08:18+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210185:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210185:0/ | EN | NVIDIA NASDAQ:NVDA has an average rating of buy and price targets ranging from $90 to $200, according to analysts polled by Capital IQ. | NVIDIA NASDAQ:NVDA has an average rating of buy and price targets ranging from $90 to $200, according to analysts polled by Capital IQ.
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DJN_DN20240823003005:0 | NVDA | Nvidia Is Up 2,000% Since 2019. These WSJ Readers Invested Early. — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-23T09:30:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823003005:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240823003005:0/ | EN | By Hannah Miao | Illustrations by Kyle HiltonNvidia is the market's hottest stock. For some of the amateur investors who got in early, the stock's meteoric rise has minted life-changing money.The stock has more than doubled so far this year, making Nvidia the best performing member of the S&P 500 i… | By Hannah Miao | Illustrations by Kyle Hilton
Nvidia is the market's hottest stock. For some of the amateur investors who got in early, the stock's meteoric rise has minted life-changing money.
The stock has more than doubled so far this year, making Nvidia the best performing member of the S&P 500 in 2024, despite recent wobbles. Nvidia's chips power the artificial-intelligence systems that have exploded in popularity in the past couple of years. Investors have rushed to own a piece of a company that they hope is at the vanguard of widespread AI adoption.
Nvidia briefly became the world's most valuable company in June, a title that seemed almost unimaginable five years ago, when it didn't crack the top 20. Even with a roughly 9% pullback from its June high, the stock is up about 700% since the end of 2022, split-adjusted. Nvidia's shares have had a total return of more than 500,000% since the company's initial public offering in 1999. Its market value is hovering near $3 trillion.
Shareholders are awaiting Nvidia's quarterly earnings report slated for Wednesday, which could be the spark for the stock's next leg higher — or a reality check to send shares tumbling.
Around 30% of Nvidia shares are owned by individual investors and smaller asset managers, according to FactSet, roughly in line with other megacap tech stocks like Apple and Microsoft.
For some everyday investors, the rally has allowed them to retire early, travel, pay off debt, donate to their favorite causes or save up for a house or a second home. For others, the money is secondary. They savor the thrill of picking a winner — and beating other investors to the punch.
Jim Woods, Paducah, Ky.
Jim Woods first learned about Nvidia from an article in The Wall Street Journal in 1999, months after the company went public. The profile of co-founder and Chief Executive Jensen Huang piqued Woods's interest and led to more research. He thought the computer-chip business would become a booming industry and decided to invest in Nvidia in 2000.
"I'm always looking for a company that is small in a market that I think is going to grow," said Woods, a 70-year-old orthodontist.
Nvidia had another selling point for Woods: Huang had lived in Kentucky briefly after immigrating from Taiwan to the U.S. in his youth.
"I just felt a connection there," Woods said.
Woods put about $65,000 into Nvidia, buying 250 shares at the time. Through reinvesting dividend payouts and various stock splits, that position has turned into about 124,000 shares — worth around $15 million.
"It's been a hard stock to hold," Woods said. "If you're not willing to ride all the ups and downs it has gone through, you would have never gotten to this point."
Nvidia slumped 50% in 2022, when rising interest rates weighed on tech stocks. The stock also logged a 76% pullback in 2008 and an 83% fall in 2002.
He has never sold any shares but is considering trimming his position in the coming months. He may put some of that money into two-month Treasurys. He doesn't plan to fully liquidate the Nvidia position, partly because of the capital-gains tax that would await.
Woods said he is fortunate that he and his wife don't need the money. He expects that his daughter will likely inherit a significant portion of his Nvidia investment, and he is also interested in creating a charitable fund.
Mark Hatala, Kirksville, Mo.
College students are a great resource for stock picks; just ask Mark Hatala, a professor of psychology at Truman State University. He first invested in Nvidia two decades ago after learning about the chip maker from a student who loved playing videogames and building his own computers. Nvidia's graphics cards were considered best in class among the gaming crowd.
Hatala put about $2,000 into Nvidia shares around 2002. He bought more stock a few years later and trimmed and added to his position over the following years. He never sold out entirely and hasn't taken any profits since 2008. He said his Nvidia investment is worth north of $1 million.
"It's like winning a lottery," Hatala said.
The 58-year-old plans to retire early next year, in part because of the feeling of financial security he has from Nvidia's massive stock-price rally. He plans to split his time among Missouri, France, Japan and the Philippines, while doing personal research and writing books.
"It's just the freedom to do whatever I want," he said, "which I think is what happiness and joy truly are."
Matthew Harris, Houston, Texas
Matthew Harris spent his summers in high school working as a lifeguard, saving up about $20,000. Around 2018, he decided to invest that money in the stock market.
He went all-in on technology stocks. His father invested in Apple early, inspiring him to find the next tech behemoth. After doing some research on chip makers, he put about $4,000 into Nvidia shares, impressed by the company's early commitment to artificial intelligence.
"It was kind of risky, but that's what you need to do when you're young, " said Harris, who is 25 years old.
He never sold that initial investment and has added to his position since. In all, his Nvidia holding is now in the six figures.
"It's pretty surreal. Seeing my portfolio go up is pretty life-changing, " he said, expressing his appreciation for Huang's leadership of the company.
Harris recently graduated from law school and took the bar exam last month. He may use his Nvidia shares to help buy a house down the line.
His reaction to cynics who think the AI boom is a repeat of the dot-com bubble?
"They are just people who are late to the party," he said.
Deborah Lee, New York City
Nvidia is the biggest investment in Deborah Lee's self-directed stock portfolio. She describes it as a blessing and a curse.
Lee, who works in financial services and is 53 years old, first bought Nvidia shares in 2018 after researching the videogame industry.
It was a relatively small position for her then, making up less than 4% of her portfolio by the end of 2018. Now, Nvidia is around a third of the portfolio, worth six figures. That is even after taking some profits in the past two years. Lee put the money toward a real-estate investment and paying off some debt.
"I picked a winner relatively early and that feels good," said Lee.
She says she believes Nvidia can continue to grow in the next year or two but is uncomfortable with the size of the position in her portfolio. Even relatively small moves in Nvidia's share price can have an outsize influence on the direction of her portfolio.
Lee plans to continue trimming her Nvidia position by about 5% at a time. She would like to move that money into new stocks that could become the next Nvidia.
"I don't expect Nvidia to go up another 25 times," she said. "Being a $3 trillion company, is it going to be a $6 trillion company next year? I don't think so."
Munusamy Venkataraman, Darien, Ill.
Munusamy Venkataraman doesn't remember when he first invested in Nvidia, but he sure remembers that he sold most of his position before 2015. He estimates he owned about 300 shares at the time, which would have multiplied after a four-for-one stock split in 2021 and a 10-for-one split this year.
"I made a mistake by selling," he said. "But nobody knew."
Venkataraman, 81, held on to some of his original Nvidia shares and bought more in 2017. With dividend reinvestment and the stock splits, he now owns about 600 shares. In each of his transactions, he bought Nvidia for under $4 a share on a split-adjusted basis. The stock recently closed at $123.74, making his position worth around $74,000.
The retired immunologist doesn't plan to sell his Nvidia stock. In fact, he's looking to buy more, one or two shares at a time when he sees opportunities.
"It's only the beginning," he said of AI technology. "We don't know where we're going to end."
Alan Daut, Altoona, Iowa
Nvidia first came across Alan Daut's radar through Jim Cramer's "Mad Money" program on CNBC. After watching the stock for about a year, Daut used some profits from a different stock sale to buy shares of Nvidia in 2019.
The stock has risen roughly 3,000% since that initial investment, he said. He has sold portions of his position since then, but isn't planning to sell out completely. He now owns about 900 shares of Nvidia, worth more than $100,000.
"It's been the most unbelievable stock I've ever owned," said Daut, a 63-year-old lawyer. "It's probably the stock that one should never sell."
Daut is now planning to retire in the next year or so, instead of waiting until he is 67 as he had previously intended.
"Nvidia has allowed me to not worry about finances anymore," he said. "It's really made my life pretty comfortable."
His regret? "I wish I had invested more than I did originally."
Nicki Bourlioufas, Sydney, Australia
Public-relations professional Nicki Bourlioufas was working on an assignment for a client when she learned about Nvidia. Through writing pitches for a financial firm that offered a videogame-related fund in which Nvidia was the largest holding, she became convinced that Nvidia could make a good investment.
She started buying Nvidia in her personal portfolio at the beginning of 2022, putting about $36,000 into the stock over the course of a few months. The position is now worth around $200,000. She may use some of those shares to help pay for a second home.
"I see them as gold," the 53-year-old said of her Nvidia shares.
Bourlioufas doesn't think she'll ever sell all of her Nvidia stock because she sees the company as such a dominant player in the AI market and broader need for computer processing power.
"With Nvidia, I do not see the shares falling over the long-term," she said.
Chris Kawaja, Ross, Calif.
When 48-year-old Chris Kawaja first used the AI chatbot ChatGPT at the end of 2022, he thought it was game-changing technology. Since he couldn't invest in ChatGPT's maker, OpenAI, he decided to ask the chatbot for stock ideas that could benefit from widespread use of AI. ChatGPT named Nvidia as the No. 1 stock.
He bought Nvidia shares for an average price of about $18, split adjusted. At the time, it made up more than a third of his stock portfolio.
Now, Nvidia's popularity is making him nervous. He is worried Nvidia could become a stock like Qualcomm, which ballooned, then crashed, during the dot-com bubble.
"We've hit this point where everybody has to own the stock," said Kawaja, a real-estate developer.
He has been trimming his position, donating a portion to causes such as climate-change initiatives and Unicef. He has also moved some of his money into a semiconductor index. His Nvidia position is now worth around $800,000, and he plans to donate more to charity.
Still, investing in Nvidia has been "incredibly thrilling," Kawaja said. "I feel like we're watching history unfold."
Jason Zweig and Asa Fitch contributed to this article.Write to Hannah Miao at hannah.miao@wsj.com
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urn:newsml:mtnewswires.com:20240823:A3210134:0 | NVDA | Market Chatter: Amazon, Microsoft Cloud Services Used by China to Circumvent Tech Restrictions | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T08:58:33+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210134:0/ | null | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210134:0/ | EN | Amazon.com NASDAQ:AMZN and Microsoft's NASDAQ:MSFT cloud services are being used by state-linked Chinese organizations to access restricted US microchip and artificial intelligence tools, Reuters reported Thursday, citing public tender documents. Reuters said it found at least 11 entities using clo… | Amazon.com NASDAQ:AMZN and Microsoft's NASDAQ:MSFT cloud services are being used by state-linked Chinese organizations to access restricted US microchip and artificial intelligence tools, Reuters reported Thursday, citing public tender documents.
Reuters said it found at least 11 entities using cloud computing tools such as Amazon Web Services to access technologies that the US has sought to keep out of China's hands. The loophole that does not violate US regulations, Reuters reported.
The entities use third-party vendors to access the cloud services such as Microsoft's Azure, which give them access to capabilities of barred Nvidia NASDAQ:NVDA microchips and OpenAI's ChatGPT, Reuters reported.
Amazon has also marketed its cloud services to Chinese customers as a tool to access AI tools, Reuters reported.
Amazon and Microsoft did not immediately reply to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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tradingview:3385a6dd4094b:0 | NVDA | Nvidia's AI Products Boost Revenue | tradingview | https://www.tradingview.com/news/providers/tradingview/ | 2024-08-23T08:16:44+00:00 | https://www.tradingview.com/news/tradingview:3385a6dd4094b:0-nvidia-s-ai-products-boost-revenue/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/tradingview:3385a6dd4094b:0-nvidia-s-ai-products-boost-revenue/ | EN | Nvidia is anticipated to report a strong quarter, with the driving force being an increase in the adoption of its AI products. The company's management expects to deliver a total revenue of approximately $28 billion for the quarter, marking a more than double increase from the same quarter in the p… | Nvidia is anticipated to report a strong quarter, with the driving force being an increase in the adoption of its AI products. The company's management expects to deliver a total revenue of approximately $28 billion for the quarter, marking a more than double increase from the same quarter in the previous year. This optimistic forecast is supported by expected growth across all market segments, with the Data Center division experiencing significant expansion.
The Q2 EPS is projected to reach $0.59, representing a 136% increase from the previous year. This upcoming earnings report is expected to be a pivotal moment for the market, largely influenced by AI demand.
Former Google CEO Eric Schmidt has recently highlighted Nvidia's dominance in the AI accelerator market. This suggests that major companies could invest billions in AI data centers, which would primarily benefit Nvidia.
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benzinga:841dede1e094b:0 | NVDA | Cathie Wood's Underperforming Flagship Fund Dumps Another Staple Stock Following Nvidia Exit: Social Media Recalls Jim Cramer's Comments From 2 Years Ago | benzinga | https://benzinga.com/ | 2024-08-23T06:45:59+00:00 | https://www.tradingview.com/news/benzinga:841dede1e094b:0-cathie-wood-s-underperforming-flagship-fund-dumps-another-staple-stock-following-nvidia-exit-social-media-recalls-jim-cramer-s-comments-from-2-years-ago/ | null | [{'symbol': 'NASDAQ:ZM', 'base_logoid': 'zoom-video-communications'}, {'symbol': 'AMEX:ARKK', 'base_logoid': 'ark-etf-tr'}, {'symbol': 'AMEX:ARKW', 'base_logoid': 'ark-etf-tr'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:841dede1e094b:0-cathie-wood-s-underperforming-flagship-fund-dumps-another-staple-stock-following-nvidia-exit-social-media-recalls-jim-cramer-s-comments-from-2-years-ago/ | EN | Zoom Video Communications, Inc. NASDAQ:ZM shares rallied nearly 13% on Thursday as traders bid up the stock following the company’s quarterly results but Cathie Wood’s Ark Invest’s flagship Ark Innovation ETF AMEX:ARKK deemed it fit to divest its entire stake in the communications technology compan… | Zoom Video Communications, Inc. NASDAQ:ZM shares rallied nearly 13% on Thursday as traders bid up the stock following but Cathie Wood’s Ark Invest’s flagship Ark Innovation ETF AMEX:ARKK deemed it fit to divest its entire stake in the communications technology company.
What Happened: Zoom Video, considered a COVID-19 play, was a staple in the ARKK ETF. At one point in time, the stock accounted for about 11% of the fund’s portfolio weighting, according to an influencer.
Trading disclosure from Ark on Tuesday showed the firm sold 424 Zoom Video shares it held in ARKK, and as a result, the proportion of the stock dropped to 0.0004% of the ETF’s holding. Zoom Video was not part of ARKK’s holding based on updated information available on Friday.
Ark now holds only a smattering of Zoom Video shares through its ARK Next Generation Internet ETF AMEX:ARKW, with the fund owning merely 194 shares.
Incidentally, ARKK shed all of its Nvidia Corp. NASDAQ:NVDA in early 2023 just before the stock began a stratospheric climb riding on the artificial intelligence mania.
See Also:
Why It’s Important: Zoom made its public debut on April 18, 2019, following a $360-million initial public offering. The stock soared on its debut, settling at $62 compared to the IPO price of $36 apiece. After a post-IPO surge, that took the stock as high as $104.49 in July 2019, the momentum moderated and the stock retraced almost all of its upward move before the COVID-19 pandemic struck.
The work-for-home and stay-at-home mandates that were in play during the pandemic provided a thrust to the stock and it peaked at a little under $600 in Oct. 2020. Since then, the stock has lost much of its luster. After outperforming the broader market and the tech sector during the pandemic years and until late 2022, Zoom Video has begun to lag them.
Ark’s valuation framework for Zoom Video released in June 2022 estimated a stock price of $1,500 by 2026.
Following Ark’s dumping of Zoom Video shares, YouTuber Joseph Carlson recalled CNBC Mad Money host Jim Cramer’s comments regarding Wood’s purchases made way back in Feb. 2022. “The only real buyer of some of this merchandise is Cathie Wood,” he had said then. “When I see her buying things, I am shocked at what she buys and how she buys like someone who just started yesterday.”
Fund management involves researching with a research team, putting the stock through securities analysis and then running it through a trader to determine the price, Cramer said then, adding that Wood seemed to have skipped the second and third steps.
ARKK ended Thursday’s session down 2.98% at $44.25, according to Benzinga Pro data. This is a far cry from the nearly $160 level it traded in early 2021. The ETF has shed over 15% so far this year even as the S&P 500 Index has climbed nearly 17%.
Zoom Video on Thursday climbed 12.97% to $68.04.
Read Next:
Image via Flickr
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:495f4c4a7094b:0 | MSFT | Microsoft's New AI Org Engineers Get Paid The Highest, Salary Significantly Beats Azure Unit Employees, Shows Leaked Spreadsheet | benzinga | https://benzinga.com/ | 2024-08-23T06:38:25+00:00 | https://www.tradingview.com/news/benzinga:495f4c4a7094b:0-microsoft-s-new-ai-org-engineers-get-paid-the-highest-salary-significantly-beats-azure-unit-employees-shows-leaked-spreadsheet/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:495f4c4a7094b:0-microsoft-s-new-ai-org-engineers-get-paid-the-highest-salary-significantly-beats-azure-unit-employees-shows-leaked-spreadsheet/ | EN | A spreadsheet said to contain the salary information of software engineers at Microsoft Corporation NASDAQ:MSFT has been reportedly leaked — shedding light on the tech behemoth’s compensation structure.What Happened: Following performance reviews earlier this year, hundreds of Microsoft employees s… | A spreadsheet said to contain the salary information of software engineers at Microsoft Corporation NASDAQ:MSFT has been reportedly leaked — shedding light on the .
What Happened: Following performance reviews earlier this year, hundreds of Microsoft employees shared their pay and promotion details in a spreadsheet. Most employees only found out about their new compensation this month, reported Business Insider.
The unofficial Microsoft document includes data such as salaries, performance-based raises, promotions, and bonus percentages. Over 500 submissions from individuals claiming to be Microsoft employees in the U.S. were analyzed by the report.
See Also:
Microsoft’s compensation structure, similar to most tech companies, comprises base pay, cash bonuses, and stock awards.
Here’s a comparison of the compensation structure of the two highest-level software engineers shown in the screenshot shared by the report:
LevelTotal CompBase PayCash Bonuses and Stock AwardsAverage Raise and Bonus %68$862,000$269,000$593,0001% and 52%69$1,230,000$290,000$940,0001% and N/AThe report also reviewed Microsoft’s software engineers’ average salaries, raises, cash bonuses, and stock awards across different divisions.
The highest reported pay was found among engineers in Microsoft’s newly established AI organization, created in March when the Mustafa Suleyman, a cofounder of DeepMind, as the CEO, the report noted.
Suleyman’s team focuses on developing consumer AI products like Microsoft’s Copilot AI chatbot and the Bing search engine.
Here’s a table comparing the compensation of Microsoft’s AI and Azure units:
OrganizationTotal CompBase PayCash and StockAverage raise and bonus %Azure$251,464$174,196$77,2686% and 16%Microsoft AI$377,611$192,667$184,9445% and 19%Microsoft did not immediately respond to Benzinga’s request for comments.
Why It Matters: Last month, Microsoft reported its fourth-quarter earnings, highlighting a 15% YoY increase in revenue, reaching $64.7 billion. The company’s focus on leading the AI era was also emphasized, aligning with the high compensation for software engineers in the new AI organization.
Meanwhile, the tech industry has been under scrutiny for its demanding work culture. For instance, Elon Musk has been criticized for expecting employees to work unconventional hours for extended periods.
An earlier BI report suggested that Musk’s EV company Tesla pays most of its employees within the salary range of $85,000 to $175,000.
Similarly, at Musk’s rocket company SpaceX, production supervisors reportedly earn an average of $102,000 annually, software engineers receive around $172,000 per year, and launch engineers can earn up to $238,000.
Photo Courtesy: Shutterstock.com
Read Next:
Inside Google’s Pixel And Android Superunit: Leaked Organization Chart Reveals Key Figures In Charge Of Taking On Apple’s iPhoneDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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tag:reuters.com,2024:newsml_L6N3KA05M:0 | NVDA | 中国の大学、アマゾンのクラウドで米先端半導体にアクセス＝文書 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T05:27:12+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L6N3KA05M:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L6N3KA05M:0/ | JA | 中国政府とつながりのある機関が、米アマゾン・ドット・コム NASDAQ:AMZNや同業他社が提供するクラウドサービスを利用して、米国の先進的なチップや人工知能（ＡＩ）機能にアクセスしていることが、入札書類で明らかになった。米政府は中国の軍事能力を制限する必要があるとして、過去２年間にわたり中国への高性能ＡＩチップの輸出を規制している。しかし、規制の対象となるのは商品やソフトウエア、技術の輸出・移転のみで、クラウドを通じた高性能チップやＡＩモデルへのアクセス提供は違反にならない。ロイターが過去１年間に中国の公開データベースに掲載された５０件以上の入札文書を調査したところ、少なくとも１１の組織が… | 中国政府とつながりのある機関が、米アマゾン・ドット・コム NASDAQ:AMZNや同業他社が提供するクラウドサービスを利用して、米国の先進的なチップや人工知能（ＡＩ）機能にアクセスしていることが、入札書類で明らかになった。
米政府は中国の軍事能力を制限する必要があるとして、過去２年間にわたり中国への高性能ＡＩチップの輸出を規制している。
しかし、規制の対象となるのは商品やソフトウエア、技術の輸出・移転のみで、クラウドを通じた高性能チップやＡＩモデルへのアクセス提供は違反にならない。
ロイターが過去１年間に中国の公開データベースに掲載された５０件以上の入札文書を調査したところ、少なくとも１１の組織が制限された米国の技術やクラウドサービスへのアクセスを求めていた。
そのうち４組織はクラウドサービスプロバイダーとしてアマゾンのクラウド部門アマゾン・ウェブ・サービス（ＡＷＳ）の名前を明示している。ただ、ＡＷＳから直接ではなく、中国の仲介会社を通じてサービスにアクセスした。
文書は中国の事業体が高度なコンピューティング能力の確保や生成ＡＩモデルへのアクセスを目指し、さまざまな戦略を取っていることを示すほか、この分野での中国の需要拡大を利用しようとする米企業の動きを浮き彫りにしている。
アマゾンのクラウド事業広報担当者は「中国国内外でのＡＷＳサービスの提供に関して、貿易法を含む適用される全ての米国法を順守している」と述べた。
調査会社カナリスによると、ＡＷＳは世界のクラウドインフラ市場の約３分の１を占める。調査会社ＩＤＣによると、中国では第６位のクラウドサービスプロバイダー。
３月の入札書類によると、深セン大学は詳細不明のプロジェクトで、米エヌビディア NASDAQ:NVDAのチップ「Ａ１００」と「Ｈ１００」を搭載したクラウドサーバーへのアクセスを得るためにＡＷＳのアカウントに２０万元（２万７９９６ドル）を投じた。このサービスは仲介業者である成都運達科技を介して提供された。
この２つのチップは米オープンＡＩの「チャットＧＰＴ」のような大規模言語モデル（ＬＬＭ）に使用されるもので、中国への輸出は禁止されている。
深セン大学と運達科技はコメント要請に応じなかった。エヌビディアは深セン大学の支出や他の中国企業との取引に関するコメントを控えた。
米マイクロソフト NASDAQ:MSFTのクラウドサービスへのアクセスを求める事業体もある。
四川大学は４月の入札文書で、生成ＡＩプラットフォームを構築しており、このプロジェクトの達成に向けマイクロソフトの「アジュール・オープンＡＩ」のトークンを４０００万個購入すると述べた。
米政府は現在、外国の事業体によるクラウド経由の米先端技術へのアクセスを制限するため規制を強化しようとしている。
米下院外交委員会のマイケル・マコール委員長は「この抜け穴は長年のわたしの懸念事項で、対応がかなり遅れている」と、ロイターに語った。
米技術の遠隔アクセスを規制する権限を商務省に与える法案が４月に議会に提出されたが、可決されるかどうかやいつ可決されるかは明らかではない。
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tag:reuters.com,2024:newsml_L6N3KA047:0 | NVDA | 中国企業、アマゾンのクラウド通じ米先端半導体にアクセス＝文書 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T04:41:09+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L6N3KA047:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L6N3KA047:0/ | JA | 中国政府の関連企業が、米アマゾン・ドット・コム NASDAQ:AMZNや同業他社が提供するクラウドサービスを利用して、米国の先進的なチップや人工知能（ＡＩ）機能にアクセスしていることが、入札書類で明らかになった。米政府は中国の軍事能力を制限する必要があるとして、過去２年間にわたり中国への高性能ＡＩチップの輸出を規制している。しかし、規制の対象となるのは商品やソフトウエア、技術の輸出・移転のみで、クラウドを通じた高性能チップやＡＩモデルへのアクセス提供は違反にならない。ロイターが過去１年間に中国の公開データベースに掲載された５０件以上の入札文書を調査したところ、少なくとも１１社の中国企業が制限… | 中国政府の関連企業が、米アマゾン・ドット・コム NASDAQ:AMZNや同業他社が提供するクラウドサービスを利用して、米国の先進的なチップや人工知能（ＡＩ）機能にアクセスしていることが、入札書類で明らかになった。
米政府は中国の軍事能力を制限する必要があるとして、過去２年間にわたり中国への高性能ＡＩチップの輸出を規制している。
しかし、規制の対象となるのは商品やソフトウエア、技術の輸出・移転のみで、クラウドを通じた高性能チップやＡＩモデルへのアクセス提供は違反にならない。
ロイターが過去１年間に中国の公開データベースに掲載された５０件以上の入札文書を調査したところ、少なくとも１１社の中国企業が制限された米国の技術やクラウドサービスへのアクセスを求めていた。
そのうち４社はクラウドサービスプロバイダーとしてアマゾンのクラウド部門アマゾン・ウェブ・サービス（ＡＷＳ）の名前を明示している。ただ、ＡＷＳから直接ではなく、中国の仲介会社を通じてサービスにアクセスした。
文書は中国企業が高度なコンピューティング能力の確保や生成ＡＩモデルへのアクセスを目指し、さまざまな戦略を取っていることを示すほか、この分野での中国の需要拡大を利用しようとする米企業の動きを浮き彫りにしている。
アマゾンのクラウド事業広報担当者は「中国国内外でのＡＷＳサービスの提供に関して、貿易法を含む適用される全ての米国法を順守している」と述べた。
調査会社カナリスによると、ＡＷＳは世界のクラウドインフラ市場の約３分の１を占める。調査会社ＩＤＣによると、中国では第６位のクラウドサービスプロバイダー。
３月の入札書類によると、深セン大学は詳細不明のプロジェクトで、米エヌビディア NASDAQ:NVDAのチップ「Ａ１００」と「Ｈ１００」を搭載したクラウドサーバーへのアクセスを得るためにＡＷＳのアカウントに２０万元（２万７９９６ドル）を投じた。このサービスは仲介業者である成都運達科技を介して提供された。
この２つのチップは米オープンＡＩの「チャットＧＰＴ」のような大規模言語モデル（ＬＬＭ）に使用されるもので、中国への輸出は禁止されている。
深セン大学と運達科技はコメント要請に応じなかった。エヌビディアは深セン大学の支出や他の中国企業との取引に関するコメントを控えた。
| stocks | null | null | null |
tag:reuters.com,2024:newsml_L8N3JU0YT:0 | NVDA | List of Chinese entities who have turned to the cloud for access to restricted US tech | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T02:57:24+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L8N3JU0YT:0-list-of-chinese-entities-who-have-turned-to-the-cloud-for-access-to-restricted-us-tech/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NYSE:BABA', 'base_logoid': 'alibaba'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'SZSE:000625', 'base_logoid': 'chong-qing-changan'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L8N3JU0YT:0-list-of-chinese-entities-who-have-turned-to-the-cloud-for-access-to-restricted-us-tech/ | EN | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.Providing access to such technologies through the clou… | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.
Providing access to such technologies through the cloud is not a violation of U.S. regulations.
A spokesperson for Amazon's cloud business, Amazon Web Services (AWS), said: "AWS complies with all applicable U.S. laws, including trade laws, regarding the provision of AWS services inside and outside of China."
Following is a list of Chinese entities that sought access to restricted U.S. technologies through the cloud, according to the documents that were reviewed by Reuters.
Entities accessing or expressing interest in accessing AI models and computing power via AWS:
1. Zhejiang Lab
The state-run research institute is developing its own large-language model, GeoGPT, and said in a tender document in April that it intended to spend 184,000 yuan ($25,760) to purchase AWS cloud computing services, as its AI model could not get enough computing power from homegrown Alibaba NYSE:BABA. The institute told Reuters that it did not go through with the purchase but did not say why. Alibaba's cloud unit, Alicloud, did not respond to a request for comment. Reuters could not determine if the purchase had been completed.
2. National Center of Technology Innovation for EDA
The state-backed entity, which helps Chinese companies develop chip design blueprints for mass production, said in an April tender document it spent 600,000 yuan to buy an overseas AWS account for the purpose of accessing Claude 3, an AI model developed by Anthropic. Anthropic said it does not support or allow customers or end-users within China to access Claude. The center did not respond to a request for comment.
Entities accessing advanced U.S. chips via AWS:
1. Shenzhen University
Shenzhen University spent 200,000 yuan on an AWS account to gain access to cloud servers powered by Nvidia NASDAQ:NVDA A100 and H100 chips for an unspecified project, according to a March tender document. Exports to China of the two Nvidia chips are banned by the U.S.
Shenzhen University got this service via an intermediary, Yunda Technology Ltd Co, the document showed. The university and Yunda Technology did not respond to requests for comment.
Nvidia did not respond to a request for comment on Shenzhen University's spending or on any of the other Chinese entities' deals.
2. Fujian Chuanzheng Communications College
The vocational college backed by the Fujian provincial government spent 85,000 yuan in August last year on an AWS account that would give it access to clusters made up of over 4,000 Nvidia A100 chips. The supplier was Xiamen Hanwei Software Technology Ltd Co, according to the August tender document.
The college said in the tender document that the purchase was designed to "keep pace with the latest developments in cloud computing technology...and enhance the quality of cloud computing talent training and professional development at educational institutions."
The college and Xiamen Hanwei did not respond to requests for comment. An AWS spokesperson said "the vast majority of this small tender pertained to skills training, and the very small portion that related to cloud services did not use any of the restricted AI chips."
Entities accessing or expressing interest in accessing OpenAI tools via Microsoft's Azure
1. Chongqing Changan Automobile Co SZSE:000625
The state-owned car maker said in May last year it was looking for a retailer authorised by Microsoft NASDAQ:MSFT that could set up Azure OpenAI accounts and integrate generative AI technology into the company's systems and applications. The company did not respond to a request for comment on whether it went through with the purchase. Microsoft did not respond to a request for comment and Reuters could not determine whether the purchase went through.
2. Sichuan University
In April, Sichuan University said it was building a generative AI platform and purchasing 40 million Azure OpenAI tokens in order to support the delivery of this project. The supplier was Sichuan Province Xuedong Technology Co Ltd, a May tender document showed. The Chinese entities and Microsoft did not respond to requests for comment.
OpenAI said in a statement its own services are not supported in China and that Azure OpenAI operates under Microsoft’s policies. It did not comment on the tenders.
Entities accessing or expressing interest in accessing U.S. chips via cloud services
1. Suzhou Institute of Advanced Research, University of Science and Technology of China (USTC)
The USTC institute said in a March filing that it wanted to rent 500 cloud servers, each powered by eight Nvidia A100 chips for an unspecified purpose.
The tender was fulfilled by Hefei Advanced Computing Center Operation Management Co Ltd, a procurement document showed in April, but the document did not name the cloud service provider and Reuters could not determine its identity.
The U.S. Commerce Department added USTC to its Entity List in May 2024 for acquiring U.S. technology for quantum computing that could help China’s military, and involvement in its nuclear program development.
USTC did not respond to a request for comment on the transaction and on being put on the entity list.
2. Southern University of Science and Technology (SUSTech)
The university's Department of Computer Science bought in April four months of usage time on a server powered by eight Nvidia A100 chips by paying 196,000 yuan to Shenzhen Yunbing Technology Co Ltd for an unspecified purpose.
The university's Department of Mechanical and Energy Engineering was added in February 2022 to the Unverified List, which means parties that engage in business with the department must take additional compliance steps to address U.S. concerns about potential national security risks.
SUSTech and Shenzhen Yunbing did not respond to requests for comment.
3. Tsinghua University
One of the most frequent state-affiliated buyers of banned Nvidia chips said in November 2023 that it planned to spend almost half a million yuan to rent 10 or more servers, each powered by eight Nvidia A100 chips, to provide AI computing power for an unspecified purpose. The contract was awarded to Beijing Parallel Technology Co Ltd, a Reuters check showed. Neither entity responded to a request for comment.
4. China Coal Research Institute
A major R&D hub for China's coal industry, the institute said in June it wanted to purchase four servers powered by Nvidia A100 chips. The institute did not respond to a request for comment. Reuters could not establish if the purchase went ahead.
5. China National Knowledge Infrastructure
China National Knowledge Infrastructure, which operates the country's largest academic database, said it wanted to purchase a cloud computing account with a validity of three years that could give it access to Nvidia A100 computing power. The tender was awarded to Inner Mongolia Tongfang Exploration Technology Co Ltd, a Reuters check showed. Neither company responded to a request for comment.
($1 = 7.1429 Chinese yuan renminbi)
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tag:reuters.com,2024:newsml_L4N3K115F:0 | NVDA | Chinese entities turn to Amazon cloud and its rivals to access high-end US chips, AI | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T02:56:53+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3K115F:0-chinese-entities-turn-to-amazon-cloud-and-its-rivals-to-access-high-end-us-chips-ai/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NYSE:BABA', 'base_logoid': 'alibaba'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/reuters.com,2024:newsml_L4N3K115F:0-chinese-entities-turn-to-amazon-cloud-and-its-rivals-to-access-high-end-us-chips-ai/ | EN | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.The U.S. government has restricted the export of high… | State-linked Chinese entities are using cloud services provided by Amazon NASDAQ:AMZN or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed.
The U.S. government has restricted the export of high-end AI chips to China over the past two years, citing the need to limit the Chinese military's capabilities.
Providing access to such chips or advanced AI models through the cloud, however, is not a violation of U.S. regulations since only exports or transfers of a commodity, software or technology are regulated.
A Reuters review of more than 50 tender documents posted over the past year on publicly available Chinese databases showed that at least 11 Chinese entities have sought access to restricted U.S. technologies or cloud services.
Among those, four explicitly named Amazon Web Services (AWS) as a cloud service provider, though they accessed the services through Chinese intermediary companies rather than from AWS directly.
The tender documents, which Reuters is the first to report on, show the breadth of strategies Chinese entities are employing to secure advanced computing power and access generative AI models. They also underscore how U.S. companies are capitalising on China's growing demand for computing power.
"AWS complies with all applicable U.S. laws, including trade laws, regarding the provision of AWS services inside and outside of China," a spokesperson for Amazon's cloud business said.
AWS controls nearly a third of the global cloud infrastructure market, according to research firm Canalys. In China, AWS is the sixth-largest cloud service provider, according to research firm IDC.
Shenzhen University spent 200,000 yuan ($27,996) on an AWS account to gain access to cloud servers powered by Nvidia A100 and H100 chips for an unspecified project, according to a March tender document. It got this service via an intermediary, Yunda Technology Ltd Co, the document showed.
Exports to China of the two Nvidia chips, which are used to power large-language models (LLM) such as OpenAI's ChatGPT, are banned by the U.S.
Shenzhen University and Yunda Technology did not respond to requests for comment. Nvidia declined to comment on Shenzhen University's spending or on any of the other Chinese entities' deals.
Zhejiang Lab, a research institute developing its own LLM, GeoGPT, said in a tender document in April that it intended to spend 184,000 yuan to purchase AWS cloud computing services as its AI model could not get enough computing power from homegrown Alibaba NYSE:BABA.
A spokesperson for Zhejiang Lab said that it did not follow through with the purchase but did not respond to questions about the reasoning behind this decision or how it met its LLM's computing power requirements. Alibaba's cloud unit, Alicloud, did not respond to a request for comment.
Reuters could not establish whether or not the purchase went ahead.
The U.S. government is now trying to tighten regulations to restrict access through the cloud.
"This loophole has been a concern of mine for years, and we are long overdue to address it," Michael McCaul, chair of the U.S. House of Representatives Foreign Affairs Committee, told Reuters in a statement, referring to the remote access of advanced U.S. computing through the cloud by foreign entities.
Legislation was introduced in Congress in April to empower the commerce department to regulate remote access of U.S. technology, but it is not clear if and when it will be passed.
A department spokesperson said it was working closely with Congress and "seeking additional resources to strengthen our existing controls that restrict PRC companies from accessing advanced AI chips through remote access to cloud computing capability."
The commerce department also proposed a rule in January that would require U.S. cloud computing services to verify large AI model users and report to regulators when they use U.S. cloud computing services to train large AI models capable of "malicious cyber-enabled activity".
The rule, which has not been finalized, would also enable the commerce secretary to impose prohibitions on customers.
"We are aware the commerce department is considering new regulations, and we comply with all applicable laws in the countries in which we operate," the AWS spokesperson said.
CLOUD DEMAND IN CHINA
The Chinese entities are also seeking access to Microsoft's NASDAQ:MSFT cloud services.
In April, Sichuan University said in a tender document it was building a generative AI platform and purchasing 40 million Microsoft Azure OpenAI tokens to support the delivery of this project. The university's procurement document in May showed that Sichuan Province Xuedong Technology Co Ltd supplied the tokens.
Microsoft did not respond to requests for comment. Sichuan University and Sichuan Province Xuedong Technology did not respond to requests for comment on the purchase.
OpenAI said in a statement its own services are not supported in China and that Azure OpenAI operates under Microsoft's policies. It did not comment on the tenders.
The University of Science and Technology of China's (USTC) Suzhou Institute of Advanced Research said in a tender document in March that it wanted to rent 500 cloud servers, each powered by eight Nvidia A100 chips, for an unspecified purpose.
The tender was fulfilled by Hefei Advanced Computing Center Operation Management Co Ltd, a procurement document showed in April, but the document did not name the cloud service provider and Reuters could not determine its identity.
USTC was added to a U.S. export control list known as the 'Entity List' in May for acquiring U.S. technology for quantum computing that could help China's military, and involvement in its nuclear program development.
USTC and Hefei Advanced Computing Center did not respond to requests for comment.
BEYOND RESTRICTED AI CHIPS
Amazon has offered Chinese organisations access not only to advanced AI chips but also to advanced AI models such as Anthropic's Claude which they cannot otherwise access, according to public posts, tenders and marketing materials reviewed by Reuters.
"Bedrock provides a selection of leading LLMs including prominent closed-source models such as Anthropic's Claude 3," Chu Ruisong, President of AWS Greater China, told a generative AI-themed conference in Shanghai in May, referring to its cloud platform.
In various Chinese-language posts for AWS developers and clients, Amazon highlighted the opportunity to try out "world-class AI models" and mentioned Chinese gaming firm Source Technology as one of its clients using Claude.
Amazon has dedicated sales teams serving Chinese clients domestically and overseas, according to two former company executives.
After Reuters contacted Amazon for comment, it updated dozens of posts on its Chinese-language channels with a note to say some of its services were not available in its China cloud regions. It also removed several promotional posts, including the one about Source Technology. Amazon did not give a reason for removing the posts and did not answer a Reuters query on that.
"Amazon Bedrock customers are subject to Anthropic's end user license agreement, which prohibits access to Claude in China both via Amazon's Bedrock API (application programming interface) and via Anthropic's own API," the AWS spokesperson said.
Anthropic said it does not support or allow customers or end-users within China to access Claude.
"However, subsidiaries or product divisions of Chinese-headquartered companies may use Claude if the subsidiary itself is located in a supported region outside of China," an Anthropic spokesperson said.
Source Technology did not respond to a request for comment.
($1 = 7.1440 Chinese yuan renminbi)
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benzinga:b1ede51a7094b:0 | NVDA | Nvidia Expected To Deliver 'Another Masterpiece Quarter' Driven By AI Demand, Says Dan Ives | benzinga | https://benzinga.com/ | 2024-08-23T02:11:19+00:00 | https://www.tradingview.com/news/benzinga:b1ede51a7094b:0-nvidia-expected-to-deliver-another-masterpiece-quarter-driven-by-ai-demand-says-dan-ives/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:b1ede51a7094b:0-nvidia-expected-to-deliver-another-masterpiece-quarter-driven-by-ai-demand-says-dan-ives/ | EN | Ahead of NVIDIA Corp.‘s NASDAQ:NVDA highly anticipated earnings report on Wednesday, Wedbush Securities analyst Dan Ives has issued a bold prediction regarding its potential market impact.What Happened: Ives has forecasted that the upcoming earnings report from Nvidia will be a pivotal moment for t… | Ahead of NVIDIA Corp.‘s NASDAQ:NVDA highly anticipated , Wedbush Securities analyst Dan Ives has issued a bold prediction regarding its potential market impact.
What Happened: Ives has forecasted that the upcoming earnings report from Nvidia will be a pivotal moment for the market, driven by AI demand.
According to a post on X on Thursday, Ives described the forthcoming earnings week as “the most important week for the market this year and potentially in years.” He emphasized that Nvidia’s performance would be critical, especially given the company’s role in AI advancements.
Ives stated, “We expect another masterpiece quarter from Nvidia; all about AI demand trajectory into 2025.” This highlights the significance of Nvidia’s earnings in shaping market expectations and investor sentiment for the foreseeable future.
See Also:
Why It Matters: Nvidia has been making significant strides in the AI sector, recently Nan Juen International Co for the production of its GB200 AI servers.
Moreover, former Google CEO Eric Schmidt recently highlighted Nvidia’s dominance in the AI accelerator market, suggesting that major companies could spend billions on AI data centers, primarily benefiting Nvidia. Eric Jackson, founder of EMJ Capital, echoed this sentiment, projecting a potential surge in Nvidia’s stock value to $340 in the medium term.
Despite recent volatility, with Nvidia’s stock down from its all-time highs, prominent trader Steve Grasso remains optimistic about re-entering the stock based on future price action.
Additionally, Goldman Sachs has reaffirmed its bullish stance on Nvidia, anticipating strong demand from cloud service providers and enterprises for AI solutions. Analyst Toshiya Hari expects Nvidia’s data center segment to drive earnings outperformance, despite some concerns about the timing of the Blackwell GPU launch.
Price Action: Nvidia’s stock closed at $123.74 on Thursday, down 3.70% for the day. In after-hours trading, the stock slightly recovered, rising by 0.64%. Year to date, NVDA has surged by 156.88%, according to data from Benzinga Pro.
Read Next:
Pro-Bitcoin Senator Cynthia Lummis Says ‘Not A Single Indication’ That Kamala Harris Would Be Good For The Crypto IndustryImage Via Shutterstock
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
Latest Ratings for NVDA
DateFirmActionFromToMar 2022Goldman SachsReinstatesNeutralFeb 2022Summit Insights GroupDowngradesBuyHoldFeb 2022MizuhoMaintainsBuyView More Analyst Ratings for NVDA
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:08002e17e094b:0 | QQQ | Fed Officials Signal Openness To Rate Cuts Ahead Of Powell's Jackson Hole Speech: 'Timing Seems Appropriate' | benzinga | https://benzinga.com/ | 2024-08-22T20:22:06+00:00 | https://www.tradingview.com/news/benzinga:08002e17e094b:0-fed-officials-signal-openness-to-rate-cuts-ahead-of-powell-s-jackson-hole-speech-timing-seems-appropriate/ | null | [{'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}] | /news/benzinga:08002e17e094b:0-fed-officials-signal-openness-to-rate-cuts-ahead-of-powell-s-jackson-hole-speech-timing-seems-appropriate/ | EN | Members of the Federal Reserve are hinting at a potential shift towards lowering interest rates, with Boston Fed President Susan Collins and Philadelphia Fed President Patrick Harker both indicating that the central bank might begin easing rates as soon as September. Their comments came just before… | Members of the Federal Reserve are hinting at a potential shift towards lowering interest rates, with Boston Fed President Susan Collins and Philadelphia Fed President Patrick Harker both indicating that the central bank might begin easing rates
Their comments came just before Federal Reserve Chairman Jerome Powell's highly anticipated speech at
Collins expressed to the Financial Times on Thursday confidence in the U.S. economy. Inflation has receded, she said, and the labor market has cooled without raising significant concerns. She indicated that with inflation on track to meet the Fed’s 2% target, it may be time to adjust the benchmark federal funds rate, currently at a 23-year high of 5.25% to 5.5%.
“The timing seems appropriate to begin easing monetary policy. There is a clear path to achieving the Fed’s goals without an unneeded downturn,” the official stated.
She mentioned that a gradual and methodical pace in easing would be most suitable once the Fed changes its policy stance.
Harker: Methodical Rate Cuts Needed
Harker echoed Collins’ sentiment in an interview with Market News on Thursday.
He argued that the Fed should start lowering interest rates in September in a methodical manner, allowing businesses to plan accordingly. With the U.S. labor market stabilizing and inflation cooling, Harker believes it’s time to begin the process of normalizing rates.
Harker stressed the importance of not overreacting to single data points, such as the unexpected rise in the unemployment rate to 4.3% in July. He expects the jobless rate to peak below 5%, near its natural rate of around 4.5%, while labor force participation has improved.
On inflation, Harker expressed confidence that the Fed won't face persistent inflation above the 2% target.
“When we start to normalize rates, we’ll see the shelter inflation issue resolve itself over time as capacity comes online. I just don’t see the dynamics in the economy right now leading to a point where we get stuck significantly above 2%,” he said.
Harker emphasized that the key to maintaining business confidence is a well-orchestrated series of rate cuts to bring them back to a neutral level, which he estimates to be around 3%. He highlighted the importance of a predictable process, suggesting that a gradual reduction in rates would be more beneficial than abrupt changes.
Ultimately, the destination for interest rates remains uncertain, but Harker speculated that they could settle around 3%, driven by real data from the market, inflation trends, and labor market conditions.
Market Reactions
The U.S. dollar index held session during afternoon trading in New York, up by 0.4% at 3:30 p.m. ET. Treasury yields rose by about 5-6 basis points across the curve, supported by stronger-than-expected private sector activity growth, as monitored through the
Wall Street extended the decline, with the tech sector underperforming the broader market.
The tech-heavy Nasdaq 100 index, as tracked by the Invesco QQQ Trust NASDAQ:QQQ, tumbled 1.7% at the time of this writing.
The SPDR S&P 500 ETF Trust AMEX:SPY fell 0.9%, on track for the worst session since Aug. 5, when it plummeted 3%.
Read now:
Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed’s Interest Rate Shift© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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barchart:5abce6e76094b:0 | NVDA | If I Could Buy 1 AI Stock, This Is It - Especially Ahead of Q2 Earnings | barchart | https://www.barchart.com/ | 2024-08-22T18:25:09+00:00 | https://www.tradingview.com/news/barchart:5abce6e76094b:0-if-i-could-buy-1-ai-stock-this-is-it-especially-ahead-of-q2-earnings/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/barchart:5abce6e76094b:0-if-i-could-buy-1-ai-stock-this-is-it-especially-ahead-of-q2-earnings/ | EN | As the world increasingly leans on artificial intelligence (AI), demand for the technology continues to grow, undeterred by macro headwinds. AI solutions providers are poised to capitalize on this surge - and within the AI space, Nvidia NASDAQ:NVDA, a leader in AI hardware and software solutions, i… | As the world increasingly leans on , demand for the technology continues to grow, undeterred by macro headwinds. AI solutions providers are poised to capitalize on this surge - and within the AI space, Nvidia NASDAQ:NVDA, a leader in AI hardware and software solutions, is my top pick. That's especially true as Nvidia gears up to release its Q2 earnings on .
With companies across multiple industries investing billions in AI infrastructure, Nvidia’s graphics processing units (GPUs) are becoming central to this development. As a result, investor sentiment around Nvidia has soared, pushing the stock up nearly 20% in just two weeks. The optimism reflects investors’ confidence that Nvidia will continue to deliver solid revenue and earnings on the back of its dominant position in AI chips.
Investors aren’t the only ones who are enthusiastic about Nvidia’s potential. Analysts are also ahead of the Q2 print, expecting the company to exceed market expectations.
While the upcoming earnings will offer more insights into the robustness of AI demand, higher spending on AI will solidify Nvidia’s position in the sector and could potentially propel the stock to new heights.
Q2 Earnings: A Crucial Catalyst
Nvidia's financial performance has been nothing short of stellar, driven by a surge in demand for its advanced AI chips. With Q2 on the horizon, the company is poised to report another impressive quarter, driven by a continued rise in the adoption of its AI products.
The company’s management expects to deliver a total revenue of approximately $28 billion for the quarter. This indicates that Nvidia’s top line will more than double from the prior-year quarter. This bullish forecast is supported by anticipated sequential growth across all market segments, particularly within the Data Center division, which has seen remarkable expansion.
In Q1, Nvidia's Data Center revenue surged by an astounding 427% year-over-year, fueled by robust demand for the NVIDIA Hopper GPU computing platform. During the Q1 earnings call, Nvidia's leadership highlighted growing interest in the Hopper platform for Q2, with demand expected to outpace supply.
The Hopper platform’s appeal is broad, drawing interest from major cloud service providers (CSPs) who are projected to drive a significant portion of Q2's Data Center revenue. Moreover, this segment's growth is not confined to CSPs alone. It’s worth noting that generative AI’s application has extended to consumer internet companies, enterprises, automotive companies, and sovereign AI. This has created several burgeoning end markets for Nvidia worth billions.
Nvidia also began sampling the H200 in Q1, with production and shipments slated for Q2. The H200, which significantly bolsters the inference performance of its predecessor, the H100, is expected to boost demand in the forthcoming quarters.
Given Nvidia's commanding position in the AI sector and the persistent demand for its GPUs, the company is on track for substantial revenue growth. This growth, coupled with margin expansion, is set to significantly enhance its earnings per share (EPS). Analysts forecast Q2 EPS to reach $0.59, marking a 136% year-over-year increase. With solid business momentum and expanding margins, Nvidia is well-positioned to exceed earnings expectations once again.
Nvidia Stock Could Hit New Highs
Given the impressive revenue and earnings forecasts, Nvidia stock is poised for a potential surge. If the company exceeds the high expectations set by analysts and provides solid guidance, it could push Nvidia’s share price to new 52-week highs. This optimism is supported by Nvidia’s continued leadership in AI, expansion into emerging markets, new product launches, and ongoing innovations.
For long-term investors, Nvidia is undoubtedly a compelling investment opportunity. The company's robust portfolio of end-to-end solutions — including advanced computing, networking technologies, and full-stack software — combined with its AI expertise and an extensive network of partners establishes a strong investment case. Nvidia's ability to provide comprehensive solutions in the AI space positions it as a top player in the industry.
Analysts are highly optimistic about Nvidia’s stock ahead of the Q2 earnings report. The stock has a consensus rating of “Strong Buy,” with 34 out of 39 analysts in coverage giving NVDA their highest rating.
This consensus rating reflects a positive sentiment toward Nvidia, indicating confidence in its potential to deliver robust financial results in Q2 that could very well drive its stock to new highs.
Wall Street's average price target for NVDA stock is $141.65, indicating a potential upside of about 13.6% ahead of Q2 earnings.
On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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tag:reuters.com,2024:newsml_L4N3K91LD:0 | NVDA | Perplexity AI、第4四半期までに検索プラットフォームへの広告掲載を開始へ | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T18:22:42+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3K91LD:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K91LD:0/ | JA | エヌビディア NASDAQ:NVDAとジェフ・ベゾスが支援するPerplexity AIは木曜日、第4四半期までに人工知能を搭載した検索プラットフォームに広告を導入する予定だと発表した。 先月、このAIスタートアップは、TIME、Der Spiegel、Fortuneを含む最初のパートナーと共にパブリッシャー向けのプログラムを開始した。 チャットＧＰＴが2022年11月に初めてローンチして以来、主要な検索エンジンはAIをウェブ検索に統合しようとしており、アナリストはAIブームが始まって以来、AI支援検索を業界におけるグーグルの支配的地位に対する脅威と見なしてきた。 マイクロソフト NASDA… | エヌビディア NASDAQ:NVDAとジェフ・ベゾスが支援するPerplexity AIは木曜日、第4四半期までに人工知能を搭載した検索プラットフォームに広告を導入する予定だと発表した。
先月、このAIスタートアップは、TIME、Der Spiegel、Fortuneを含む最初のパートナーと共にパブリッシャー向けのプログラムを開始した。
チャットＧＰＴが2022年11月に初めてローンチして以来、主要な検索エンジンはAIをウェブ検索に統合しようとしており、アナリストはAIブームが始まって以来、AI支援検索を業界におけるグーグルの支配的地位に対する脅威と見なしてきた。
マイクロソフト NASDAQ:MSFTは初期の投資を通じてオープンＡＩの技術をビング検索エンジンに採用し、グーグルは5月の開発者会議でAIを搭載した要約を一般向けに公開した。
パープレクシティAIは4月、 エヌビディアなどの既存投資家に加え、Yコンビネーターのギャリー・タンCEO、アルティメーター・キャピタルのブラッド・ガースナー創業者兼CEOなどの新規投資家から6270万ドルを 調達した 。
この資金調達ラウンドにより、同社の評価額は10億ドル以上となり、3ヶ月前の2倍となった。
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tag:reuters.com,2024:newsml_L4N3K91L4:0 | NVDA | Perplexity AI to launch ads on search platform by fourth quarter | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T18:22:33+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3K91L4:0-perplexity-ai-to-launch-ads-on-search-platform-by-fourth-quarter/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K91L4:0-perplexity-ai-to-launch-ads-on-search-platform-by-fourth-quarter/ | EN | Nvidia NASDAQ:NVDA and Jeff Bezos-backed Perplexity AI said on Thursday that it plans to introduce advertising on its artificial intelligence-powered search platform by the fourth quarter.Last month, the AI startup launched a program for publishers with an initial batch of partners, including TIME… | Nvidia NASDAQ:NVDA and Jeff Bezos-backed Perplexity AI said on Thursday that it plans to introduce advertising on its artificial intelligence-powered search platform by the fourth quarter.
Last month, the AI startup launched a program for publishers with an initial batch of partners, including TIME, Der Spiegel, and Fortune, in which it plans to share revenue from interactions where a publisher's content is referenced.
Since ChatGPT first launched in November 2022, major search engines have been trying to integrate AI into web search, and analysts have viewed AI-assisted search as a threat to Google's dominant position in the industry ever since the AI boom started.
Microsoft NASDAQ:MSFT has adopted OpenAI technology for its Bing search engine through its early investment, while Google rolled out AI-powered summaries for the wider public at its developer conference in May.
In April, Perplexity AI raised $62.7 million from existing investors such as Nvidia, and new investors including Garry Tan, CEO of Y Combinator, and Brad Gerstner, founder and CEO of Altimeter Capital.
The fundraising round valued the company at more than $1 billion, doubling its valuation from three months earlier.
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benzinga:c3176f23a094b:0 | QQQ | What's Going On With Super Micro Computer Stock On Thursday? | benzinga | https://benzinga.com/ | 2024-08-22T17:53:20+00:00 | https://www.tradingview.com/news/benzinga:c3176f23a094b:0-what-s-going-on-with-super-micro-computer-stock-on-thursday/ | null | [{'symbol': 'NASDAQ:SMCI', 'base_logoid': 'super-micro-computer'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}] | /news/benzinga:c3176f23a094b:0-what-s-going-on-with-super-micro-computer-stock-on-thursday/ | EN | Artificial intelligence server company Super Micro Computer, Inc NASDAQ:SMCI stock is trading lower Thursday in sympathy with the broader semiconductor selloff led by its clients, including Nvidia Corp NASDAQ:NVDA and Advanced Micro Devices, Inc NASDAQ:AMD.Despite the selloff, analysts continue to… | Artificial intelligence server company Super Micro Computer, Inc NASDAQ:SMCI stock is trading lower Thursday in sympathy with the broader semiconductor selloff led by its clients, including Nvidia Corp NASDAQ:NVDA and Advanced Micro Devices, Inc NASDAQ:AMD.
Despite the selloff, analysts continue to hail Nvidia as the , implying the continued potential for the AI frenzy. The selloff has rendered the valuation of the semiconductor companies as more attractive entry points.
Super Micro Computer stock has increased 136% in the last 12 months and is currently trading at a price-to-earnings multiple of 13.73x. Nvidia, up 176%, is currently trading at a 33.16 PE multiple.
Recently, Taiwanese rail kit supplier Nan Juen International Co, a Super Micro Computer partner, with Nvidia to ramp up rail kit production for GB200 AI servers.
The market value of AI servers has the potential to surpass $187 billion in 2024, implying a growth rate of 69% driven by the demand for advanced AI servers from major CSPs and brand clients, as per TrendForce.
The market potential for AI servers backed by demand from Big Tech giants, including Nvidia, AMD, Amazon.Com Inc NASDAQ:AMZN, Amazon Web Services, and Meta Platforms Inc NASDAQ:META explains Super Micro Computer’s stock price trajectory.
Super Micro Computer reported a in the fourth quarter. Analysts expected the AI server company’s margin weakness to recover by fiscal 2025, easing the competitive pricing environment.
Investors can gain exposure to Super Micro Computer through Invesco QQQ Trust, Series 1 NASDAQ:QQQ, and SPDR S&P 500 AMEX:SPY.
Price Action: SMCI shares traded lower by 2.77% at $606.50 at the last check on Thursday.
Photo via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:83e90622d094b:0 | MSFT | Xbox Introduces Four New Accessibility Devices, Features For Disabled Gamers | benzinga | https://benzinga.com/ | 2024-08-22T17:40:37+00:00 | https://www.tradingview.com/news/benzinga:83e90622d094b:0-xbox-introduces-four-new-accessibility-devices-features-for-disabled-gamers/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:83e90622d094b:0-xbox-introduces-four-new-accessibility-devices-features-for-disabled-gamers/ | EN | Microsoft Corp.’s NASDAQ:MSFT Xbox announced a range of new accessibility options designed to enhance the gaming experience for players with disabilities. These developments include the introduction of three new devices — the Xbox Adaptive Joystick, 8BitDo Lite 2.4G Wireless Controller and ByoWave… | Microsoft Corp.’s NASDAQ:MSFT Xbox announced a range of new accessibility options designed to enhance the gaming experience for players with
These developments include the introduction of three new devices — the Xbox Adaptive Joystick, 8BitDo Lite 2.4G Wireless Controller and ByoWave Proteus Controller — along with the release of 3D-printable thumbstick toppers and a new Xbox feature called Toggle Hold.
See Also:
New Xbox Devices Tailored For Accessibility
The Xbox Adaptive Joystick, which will be available in early 2025 for approximately $30, was developed based on feedback from the gaming community.
Xbox noted players identified a need for “an affordable, singular joystick” that can be used alongside the existing Xbox Adaptive Controller.
The joystick includes four front input buttons, a standard Xbox thumbstick and two additional buttons that replicate the bumper and trigger placements on a traditional controller.
Another addition is the 8BitDo Lite Wireless Controller, which is currently available at a price point of around $60. Designed for gamers with limited mobility, it offers an alternative to the standard Xbox controller while maintaining a similar price.
The ByoWave Proteus Controller, also available now, provides a high level of customization, with over “100 million different combinations” possible. This modular controller comes with a higher price tag of $300.
Expanding Accessibility Beyond Hardware
In addition to new devices, Xbox has introduced Toggle Hold, a feature that assists players who find it difficult to hold button presses for extended periods, currently available to those in the Xbox Insiders program.
Xbox has also redesigned its packaging with accessibility in mind. For instance, the packaging for the Xbox Adaptive Joystick features a center-seamed shipping design, looped tape, a large base-tab for easier handling, a hinged box lid, and the elimination of twist ties. These design elements have been applied to the packaging of the new Xbox Series X/S console options as well.
“At Xbox, we are committed to empowering everyone to play the games they want, with the people they want, anywhere they want, in a way that works for them,” the company said in an Xbox Wire Post.
Read Next:
Photo: Xbox.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_SN20240822007711:0 | NVDA | As Nvidia earnings approach, this is the 'wildcard' | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-22T16:09:00+00:00 | https://www.tradingview.com/news/DJN_SN20240822007711:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_SN20240822007711:0/ | EN | By Emily BaryThere's been a lot of talk about potential delays for the new Blackwell chip lineup, but a more immediate question centers on supply constraints for the Hopper lineA key topic for Nvidia Corp. investors nowadays concerns the company's new Blackwell chip lineup, given reports that shipm… | By Emily Bary
There's been a lot of talk about potential delays for the new Blackwell chip lineup, but a more immediate question centers on supply constraints for the Hopper line
A key topic for Nvidia Corp. investors nowadays concerns the company's new Blackwell chip lineup, given reports that shipments might be slightly delayed at the outset.
But in terms of Nvidia's latest quarterly results, due next Wednesday, the focus will be on Hopper, the company's current chip family. While Rosenblatt Securities analyst Hans Mosesmann expects another beat-and-raise performance from Nvidia (NVDA), he said the "wildcard" will be "how constrained the company is for Hopper platforms."
Investors once worried that Nvidia would see an "air pocket" in the months leading up to the Blackwell launch, meaning they saw risk of somewhat diminished interest in Hopper as customers awaited the start of Blackwell shipments. Mosesmann doesn't think that should be a concern now.
Shares of Nvidia are down 2% in midday action Thursday.
Read: Nvidia is nearing another milestone that would showcase its stunning growth
"Interestingly, we believe we are witnessing a Hopper mid-cycle 'kicker' as hyperscalers are moving to liquid-cooled rack-scale implementations on 'densification' efforts" by Super Micro Computer Inc. (SMCI) and others, he wrote. Artificial intelligence has heavy power requirements and companies need to ensure their systems stay cool in order to get the maximum benefits. But Hopper "was not directly intended to need liquid cooling," in Mosesmann's view.
He also isn't worried about the impact of a potential Blackwell delay that would last a couple of months. Were that delay to occur, it would likely have "a limited impact on Nvidia in what appears to be a significantly constrained environment," he said.
Don't miss: Nvidia's earnings could be noisy, but these bulls are still upbeat on the stock
Elsewhere, he's enthusiastic about the company's networking business. "Interestingly, the new compute-centric SpectrumX Ethernet switch within networking is a blessing from management for the multi-billion-dollar business" in fiscal 2025, he wrote, while sticking with his buy rating and $200 price target on the stock.
Citi Research analyst Atif Malik was generally upbeat as well as he weighed in on the upcoming report.
"We expect Street estimates to go higher," including for the October quarter, he wrote. Meanwhile, he anticipates that the company will deliver Blackwell commentary that gives investors reassurance of strong financial prospects in calendar 2025, and he also is looking for the stock to clock a new 52-week high. (That would translate to a new all-time high as well.)
Malik has a buy rating and a $150 target price on Nvidia's stock.
See also: Lilly, Uber among the biggest recent winners of the beat-and-raise game in the stock market
-Emily Bary
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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urn:newsml:mtnewswires.com:20240822:A3209796:0 | MSFT | Electronic Arts NHL 25 Video Hockey Game to Launch Oct. 4 | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-22T16:07:09+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240822:A3209796:0/ | null | [{'symbol': 'NASDAQ:EA', 'base_logoid': 'electronic-arts'}, {'symbol': 'TSE:6758', 'base_logoid': 'sony'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/mtnewswires.com:20240822:A3209796:0/ | EN | Electronic Arts NASDAQ:EA said Thursday sales of the 25th annual edition of its video hockey game will begin Oct. 4. EA Sports NHL 25 will be available in versions for either Sony's TSE:6758 PlayStation5 or Microsoft's NASDAQ:MSFT Xbox Series X/S game console, the company said. As always, users can… | Electronic Arts NASDAQ:EA said Thursday sales of the 25th annual edition of its video hockey game will begin Oct. 4.
EA Sports NHL 25 will be available in versions for either Sony's TSE:6758 PlayStation5 or Microsoft's NASDAQ:MSFT Xbox Series X/S game console, the company said. As always, users can stock their teams with players replicating their counterparts in the National Hockey League, including Jack and Luke Hughes from the New Jersey Devils and their older brother Quinn from the Vancouver Canucks, who are pictured on the front of EA's 2024-'25 version.
EA shares recently were about 1% lower in midday trading on Thursday.
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tag:reuters.com,2024:newsml_L4N3K91DN:0 | 7203 | サステイナブル・ファイナンス・ニュースレター - 1年後のグレイテスト・ヒッツ版 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T15:28:52+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3K91DN:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NYSE:F', 'base_logoid': 'ford'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}, {'symbol': 'NASDAQ:RIVN', 'base_logoid': 'rivian'}, {'symbol': 'MIL:STLAM', 'base_logoid': 'stellantis'}, {'symbol': 'NYSE:BLK', 'base_logoid': 'blackrock'}] | /news/reuters.com,2024:newsml_L4N3K91DN:0/ | JA | ロイター・サステイナブル・ファイナンス・ニュースレター (link) を初めて配信してから1年が経ちました。毎週Eメールを開いてクリックしてくださった購読者の皆様にお礼を申し上げたいと思います。このニュースレターを書くのはとても楽しく、最近の読者アンケートの 結果から判断すると、 歓迎すべき新しいレポートも提供している 。このニュースレターに関するご意見・ご感想は、ross.kerber@thomsonreuters.com までお寄せいただくか、 LinkedIn (link) までご連絡ください 。私のお気に入りの記事をいくつか挙げると、テスラの投資家がいかにしてEVメーカーの改革を遅ら… | ロイター・サステイナブル・ファイナンス・ニュースレター () を初めて配信してから1年が経ちました。毎週Eメールを開いてクリックしてくださった購読者の皆様にお礼を申し上げたいと思います。
このニュースレターを書くのはとても楽しく、最近の読者アンケートの 結果から判断すると、 歓迎すべき新しいレポートも提供している 。このニュースレターに関するご意見・ご感想は、 までお寄せいただくか、 LinkedIn (link) までご連絡ください 。
私のお気に入りの記事をいくつか挙げると、テスラの投資家がいかにしてEVメーカーの改革を遅らせているかについての考察（()）、イェシバ大学とシカゴ大学の言論の自由の問題に対する相反するアプローチ（()）、連邦エネルギー規制当局がブラックロックやバンガードなどの資産運用 会社の大規模な () をどのように見直すか、などである。
また、ロシアの野党指導者であった故アレクセイ・ナヴァルニー（Alexei Navalny） (link) が株主運動家としてエール大学（(link)）に在籍し、その後国営航空会社アエロフロート（(link)）の取締役に選出されたことを知る人々とも話す機会に恵まれた。
今週は他の仕事もあるため、いつものコラムは割愛するが、シャロン・キッツ・キマティによる、 8月初めに起きた人種差別暴動を英国人黒人がどのように追跡したのか (link)。
企業ニュース-EV編
フォード・モーター NYSE:Fは、3列シート電動SUV (link) を中止し、新しいEVピックアップを延期したが、将来のラインナップに新しい電動ピックアップとバンを追加した。
欧州委員会は、中国製のテスラ NASDAQ:TSLA車の輸入に対する関税案を引き下げ (link)、同国製のEVに対する他の懲罰的関税計画を修正した。
トヨタ TSE:7203はハイブリッド専用モデル (link) に大きく賭けており、近い将来すべての自動車が電気自動車になるという業界の通説に挑戦している。
リビアン NASDAQ:RIVNの製造責任者が電気自動車新興企業を去り、ステランティス MIL:STLAMに移籍する。ジープSUVとラムピックアップのメーカーであるステランティスは、多くのバッテリーカーを発売する準備を進めている (link)。
私のレーダー
イギリスの黒人社会は、8月にネット上のデマ情報に煽られた極右人種差別暴動 (link) がイギリス全土に広がり、震撼した。ロイターのインタビューに応じた何人かの人々は、20世紀後半に白人民族主義者が行った人種差別的暴力の辛い記憶を思い起こした。
トップ資産運用会社のブラックロック NYSE:BLKは、直近の年次総会シーズンにおいて、環境・社会問題に関連する株主提案への支持をわずか4％に減らしたことが、同社の世界的な議決権行使記録に関する報告書で明らかになった (link)。
テキサス州の判事は火曜日、米連邦取引委員会の規則（(link)）の発効を禁じた。同規則は、労働者が雇用主のライバルに加わったり、競合する事業を立ち上げたりしないよう一般的に結ばれている、いわゆる「競業避止」契約を禁止するものだった。
チリ大学の研究によると、チリのアタカマ塩田は、リチウム塩の採掘により、年間1～2センチメートル(0.4～0.8インチ) の割合で沈下している (link) 。
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DJN_DN20240822007172:0 | MSFT | Microsoft Raised a Key Growth Forecast. Why It Isn't What It Seems. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-22T15:27:00+00:00 | https://www.tradingview.com/news/DJN_DN20240822007172:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/DJN_DN20240822007172:0/ | EN | By Adam ClarkMicrosoft is making adjustments to its financial reporting that are set to boost the growth rate for its closely watched cloud-computing business. Investors should be aware it isn't a fundamental change to the business.Microsoft said Wednesday that it would rearrange its reporting. Per… | By Adam Clark
Microsoft is making adjustments to its financial reporting that are set to boost the growth rate for its closely watched cloud-computing business. Investors should be aware it isn't a fundamental change to the business.
Microsoft said Wednesday that it would rearrange its reporting. Perhaps the most important change was that it intends to rejig what it includes within its Azure cloud-computing business. Microsoft said the change would make it easier to track consumption of its services.
Revenue from search and news advertising will now be included with Azure, while Microsoft is moving revenue associated with its Power BI data visualization product for businesses and its Enterprise Mobility and Security group out of its Azure reporting and into a separate segment. The Enterprise Mobility and Security group focuses on identity verification and device management.
This kind of accounting shuffling can seem irrelevant because it will make no difference to the company's overall revenue and earnings figures. However, how fast Azure grows is being closely tracked for signs of whether Microsoft's investment in artificial-intelligence technology will pay off in greater use of its cloud-computing services.
The effect of the changes is mixed. Microsoft said it now expects revenue in its Intelligent Cloud unit, which houses Azure, to be between $23.80 billion and $24.10 billion in the current quarter, compared with its prior expectations of $28.6 billion and $28.9 billion. It also lowered its forecast for revenue in its More Personal Computing segment, while saying there was a corresponding boost to the revenue that would be generated in its Productivity and Business Processes segment.
On the face of it, less revenue being reported in the Azure unit seems bad. The factor offsetting that is a faster rate of growth.
Microsoft said that under the new reporting structure, it expects to report a 33% increase in revenue from Azure and other cloud services in its current quarter compared with the prior year. That was up from growth in a range of 28% to 29% under the previous structure.
"While the changes are mechanical in nature and total revenue/op income/EPS are unchanged, they do suggest more stability in the Azure consumption business," wrote Citi analysts in a research note.
Perhaps more important, the contribution of AI to Azure's growth is likely to look correspondingly greater. While Microsoft didn't provide a forecast for that metric in the current quarter, it did show how the reporting changes would have affected its June quarter.
Under the new reporting structure, Microsoft would have reported 35% growth in its Azure business in the June quarter, with 11 percentage points being contributed by AI services. That compares with the reported figure of 30% growth with six percentage points contributed by AI.
Again, it is worth reiterating that the restructuring won't change Microsoft's business overall. But the change could make growth in Microsoft's cloud-computing business look better as investors watch it, Amazon.com's AWS, and Alphabet's Google for signs that any of their cloud-computing platforms are gaining an edge with AI.
Microsoft didn't immediately respond to a request for comment.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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benzinga:39f905ec9094b:0 | QQQ | Momo Crowd Buying Semiconductors Ahead Of Nvidia Earnings, Biggest Payroll Revision Since 2009 | benzinga | https://benzinga.com/ | 2024-08-22T15:07:42+00:00 | https://www.tradingview.com/news/benzinga:39f905ec9094b:0-momo-crowd-buying-semiconductors-ahead-of-nvidia-earnings-biggest-payroll-revision-since-2009/ | null | [{'symbol': 'NASDAQ:SMH', 'base_logoid': 'vaneck'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:GLD', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:SLV', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:USO', 'base_logoid': 'uscf-fund'}] | /news/benzinga:39f905ec9094b:0-momo-crowd-buying-semiconductors-ahead-of-nvidia-earnings-biggest-payroll-revision-since-2009/ | EN | To gain an edge, this is what you need to know today.Semiconductor BuyingPlease click here for an enlarged chart of VanEck Semiconductor ETF NASDAQ:SMH.Note the following:Magnificent Seven Money FlowsIn the early trade, money flows are positive in Apple Inc NASDAQ:AAPL, Amazon.com, Inc. NASDAQ:AMZN… | To gain an edge, this is what you need to know today.
Semiconductor Buying
Please click here for an enlarged chart of VanEck Semiconductor ETF NASDAQ:SMH.
Note the following:
The chart shows the moves in semiconductors after prior NVIDIA Corp NASDAQ:NVDA earnings.The chart shows that semiconductors traced a double top, which is a negative pattern, and then dropped to the support zone.The chart shows that semiconductors bounced off of the support zone.RSI on the chart shows that semiconductors are overbought. Overbought markets tend to be vulnerable to the downside.The momo crowd is aggressively buying semiconductors ahead of Nvidia earnings as they believe semiconductors will rise after Nvidia earnings just like they have in the past. Prudent investors need to remember that history is instructive, but the road ahead is not always the same as the road behind. U.S. payrolls have been revised down by 818,000 for the year ending in March. This is the biggest downward revision since 2009.The Bureau of Labor Statistics did not post the jobs revision data on its website at 10am ET as it was supposed to. However, the banks who called the Bureau were able to get the data, gaining an advantage. The data was finally made available about 30 minutes late. The initial reaction from the market was a spike up as many believe this will encourage the Fed to make bigger rate cuts.Investors who knew that the data did not include data since March sold into the spike. The FOMC minutes were dovish and indicate that the Fed is poised to cut rates in September.Weekly jobless claims came at 232K vs. 225K consensus. Lately, the stock market is reacting when jobless claims are lower than the consensus but ignoring when they are higher than the consensus. The reason is that the bullish sentiment is so extreme that investors want to hear only what makes the market go higher. Magnificent Seven Money Flows
In the early trade, money flows are positive in Apple Inc NASDAQ:AAPL, Amazon.com, Inc. NASDAQ:AMZN, Alphabet Inc Class C NASDAQ:GOOG, Meta Platforms Inc NASDAQ:META, NVDA, and Tesla Inc NASDAQ:TSLA.
In the early trade, money flows are neutral in Microsoft Corp NASDAQ:MSFT.
In the early trade, money flows are mixed in SPDR S&P 500 ETF Trust AMEX:SPY and Invesco QQQ Trust Series 1 NASDAQ:QQQ.
Momo Crowd And Smart Money In Stocks
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust AMEX:GLD. The most popular ETF for silver is iShares Silver Trust AMEX:SLV. The most popular ETF for oil is United States Oil ETF AMEX:USO.
Bitcoin
Bitcoin is seeing buying as the Harris campaign indicates support for crypto.
Protection Band And What To Do Now
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
Traditional 60/40 Portfolio
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:390389b38094b:0 | QQQ | August Services Growth Exceeds Expectations As Manufacturing Slumps: Inflation Gradually Eases 'To Normal Levels' | benzinga | https://benzinga.com/ | 2024-08-22T14:26:34+00:00 | https://www.tradingview.com/news/benzinga:390389b38094b:0-august-services-growth-exceeds-expectations-as-manufacturing-slumps-inflation-gradually-eases-to-normal-levels/ | null | [{'symbol': 'AMEX:UUP', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:TLT', 'base_logoid': 'ishares'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}] | /news/benzinga:390389b38094b:0-august-services-growth-exceeds-expectations-as-manufacturing-slumps-inflation-gradually-eases-to-normal-levels/ | EN | U.S. private sector activity likely expanded more than expected this month, driven by growth in the services sector that outweighed the deepening contraction in manufacturing, according to preliminary Purchasing Managers’ Index (PMI) surveys released by S&P Global on Thursday.The flash Composite PM… | U.S. private sector activity likely expanded more than expected this month, driven by growth in the services sector that outweighed the deepening contraction in manufacturing, according to preliminary Purchasing Managers’ Index (PMI) surveys released by
The flash Composite PMI index slightly declined from 54.3 in July to 54.1 in August, yet it exceeded expectations of a drop to 53.5. This marks the 19th consecutive month of overall private sector expansion in the United States.
Services Outshine Manufacturing
However, the contrast between sectors is growing. The services sector showed strong performance, while manufacturing output saw its steepest decline in 14 months.
The flash Services PMI index rose to 55.2, up from July’s 55, surpassing the forecasted 54. On the other hand, the flash Manufacturing PMI index fell to 48, down from both the previous reading and the expected 49.6.
Manufacturing faced intensified declines in new orders and inventories, along with the first drop in factory production in seven months.
“Brighter news on inflation, with prices charged for goods and services registering the smallest rise since June 2020,” the report highlighted.
According to S&P Global, price pressures have eased significantly and are now only slightly above the average recorded in the decade before the pandemic.
Cooling Labor Market Raises Concerns
Signs of a cooling labor market emerged in August, as employment fell for the first time in three months. The private sector has reported net job losses in three of the past five months, marking the weakest period of payroll growth since the first half of 2020.
“While falling employment in the service sector largely reflected difficulties hiring staff and replacing leavers, the cooling job market in manufacturing was driven by growing concerns about the business outlook,” S&P Global stated.
Also Read:
Data Alleviates Recession Fears, Inflation Outlook Improves
“The solid growth picture in August points to robust GDP growth in excess of 2% annualized in the third quarter, which should help allay near-term recession fears,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.
Williamson added that the pricing dynamics observed in the August surveys “add to the case for lower interest rates.” However, he cautioned that economic growth is increasingly reliant on the service sector, as manufacturing—which typically leads the economic cycle—has entered a decline.
“On balance, the key takeaways from the survey are that inflation is continuing to slowly return to normal levels and that the economy is at risk of slowing amid imbalances,” Williamson concluded.
Market Reactions: Dollar Rallies, Yields Rise, Stocks Ease
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF AMEX:UUP, rallied after the release of the August PMI report.
A measure of the greenback was up 0.4% against a basket of currencies, on track to snap a four-day losing streak.
The dollar soared 0.9% on Thursday against the Japanese yen, as positive economic data slightly reduced market convictions for outsized Fed rate cuts.
Treasury yields rose across the board, pushing the iShares 20+ Year Treasury Bond ETF NASDAQ:TLT down by 0.8%.
U.S. major indices reacted negatively to the release. The tech-heavy Nasdaq 100 index, as tracked by the Invesco QQQ Trust NASDAQ:QQQ flipped into negative territory at 10:10 a.m. ET. The S&P 500, as monitored through the SPDR S&P 500 ETF Trust AMEX:SPY, was flat.
Gold was among the heaviest hit, with the yellow metal dropping 1.3%, on track for its worst session in more than two weeks.
Read Next:
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:44845b791094b:0 | NVDA | AMD Expands AI Innovation With New R&D Centers In Taiwan | benzinga | https://benzinga.com/ | 2024-08-22T14:15:14+00:00 | https://www.tradingview.com/news/benzinga:44845b791094b:0-amd-expands-ai-innovation-with-new-r-d-centers-in-taiwan/ | null | [{'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NYSE:TSM', 'base_logoid': 'taiwan-semiconductor'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:44845b791094b:0-amd-expands-ai-innovation-with-new-r-d-centers-in-taiwan/ | EN | Advanced Micro Devices Inc NASDAQ:AMD has marked its new research-and-development (R&D) centers in Tainan and Kaohsiung. The R&D units are part of a $270.5 million project to drive the development of artificial intelligence (AI) and silicon photonics technologies. Recently, AMD received a subsidy o… | Advanced Micro Devices Inc NASDAQ:AMD has marked its new (R&D) centers in Tainan and Kaohsiung.
The R&D units are part of a $270.5 million project to drive the development of artificial intelligence (AI) and silicon photonics technologies. Recently, AMD received a subsidy of 3.31 billion New Taiwan dollars, about 38% of the company's investment over three years.
Also Read:
Minister of Economic Affairs J.W. Kuo met AMD representatives led by David Wang, senior vice president of AMD's graphics processing unit technologies and engineering, in Taipei Wednesday, the Taipei Times reports.
Tainan is a central manufacturing hub of Taiwan Semiconductor Manufacturing Co's NYSE:TSM 3-nanometer chips for AI devices.
Taiwan Semiconductor is building a new fab to produce next-generation 2-nanometer chips in Kaohsiung.
AI chip giant Nvidia Corp NASDAQ:NVDA has set up its first AI R&D center in Taipei's Neihu District and is exploring sites for a second, likely in Kaohsiung.
JPMorgan analyst Harlan Sur expects AMD to grow data center GPU revenue by over .
AMD stock gained over 49% in the last 12 months, backed by the AI frenzy. It trades at a forward price-to-earnings of 46.3x versus Nvidia’s 48.3x.
Price Action: AMD stock traded lower by 0.18% at $157.33 at last check Thursday.
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Snowflake Stock Is Falling Thursday: What’s Driving The Action?Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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gurufocus:5d7629f09094b:0 | NVDA | Nvidia: Long-Term Entry Point, but Potential Short-Term Downside | gurufocus | https://www.gurufocus.com/ | 2024-08-22T14:00:01+00:00 | https://www.tradingview.com/news/gurufocus:5d7629f09094b:0-nvidia-long-term-entry-point-but-potential-short-term-downside/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOGL', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NASDAQ:CSCO', 'base_logoid': 'cisco'}] | /news/gurufocus:5d7629f09094b:0-nvidia-long-term-entry-point-but-potential-short-term-downside/ | EN | Many investors were questioning whether Nvidia Corp.'s NASDAQ:NVDA valuation was sustainable a month ago. My sentiment was that a correction was due, and this has already happened. Despite the long-term growth outlook for the company remaining strong, there is a considerable likelihood of further d… | Many investors were questioning whether Nvidia Corp.'s NASDAQ:NVDA valuation was sustainable a month ago. My sentiment was that a correction was due, and this has already happened.
Despite the long-term growth outlook for the company remaining strong, there is a considerable likelihood of further downside, presenting an undervaluation for the stock over the next six to 12 months. As a result of this analysis, Nvidia is currently a long-term buy but could potentially become a strong buy in 2025 if the stock drops further and becomes undervalued.
AI capex slowdown concerns and future trends
Despite Nvidia's recent $900 billion market value decline, major tech companies such as Microsoft NASDAQ:MSFT, Amazon NASDAQ:AMZN, Alphabet NASDAQ:GOOGL NASDAQ:GOOG and Meta NASDAQ:META continue to invest heavily in artificial intelligence infrastructure, which is crucial to its long-term growth sustenance. That being said, there is now growing consensus that the AI capex is not sustainable, including questions arising related to the return on investment in the short to medium term. This is likely to induce periods of market panic and open up undervaluations among major AI companies. Nonetheless, the AI infrastructure market could reach a trillion dollars of investment over the next five years if current trends continue.
Nvidia is likely to continue to capitalize on rapid advancements in AI and machine learning, impacting robotics, including the integration of generative AI for intuitive robot programming, predictive maintenance and the rise of collaborative robots working alongside humans. The company is actively supporting these developments through its Isaac robotics platform, which is facilitating the adoption of AI-enabled autonomous machines by industry leaders. I believe this is going to be the next big wave for Nvidia's growth when AI meets the physical world more acutely.
Despite my bullishness, Nvidia is a chip company, and semiconductor stocks are usually cyclical. I estimate that its position in the long-term AI boom will be no different, with periods of high growth and periods of lower growth. The company's growth over the past two years has been fueled by the surge in AI, but as the market matures and the bulk of the data center buildout is fulfilled, it is likely to meet slower growth in data center GPU sales. This is why my long-term thesis related to robotics is of paramount importance for investors buying in at the present valuation, as it could help to sustain Nvidia's growth somewhat.
Fair valuation, sentiment analysis and one-year price target
The GF Value Line currently shows Nvidia to be modestly overvalued and, while I think this is accurate, I also believe the market could drive the stock into undervalued territory based on bearish sentiment in the market that could grow surrounding AI momentarily.
Nvidia currently has a forward price-earnings ratio of 45.50, which is reasonable to me despite a high trailing 12-month price-earnings ratio of 68. The price-sales ratio of 36.30 is far higher than its 10-year median of 13.40. I believe the price-sales ratio is one of the biggest concerns with the company's valuation, which is worth noting and explains why there is some likelihood of further downside to come based on sentiment factors moving into 2026 when fundamental growth rates are estimated by Wall Street to be lower.
To outline this more specifically, Wall Street predicts Nvidia will achieve 110% earnings per share growth in 2025, but only 38% in 2026. Therefore, a sentiment shift is definitely warranted. While a correction down 15% may seem to fulfill this sentiment shift, the market could potentially continue to price the stock lower over the coming quarters.
A one-year price target based on the GF Value Line would be roughly $150. However, I think there is a significant chance of this not being achieved due to the market sentiment factors I outlined above. I believe the price target of $200 at the calendar 2027 start, also indicated by the GF Value chart, is, in practice, more likely to be achieved than the calendar 2026 start price target of $175.
In other words, I think the probability of significant volatility ahead is likely despite good fundamental growth continuing. As a result, Nvidia is a buy based on a medium-term horizon, but should be held at a small allocation to mitigate the downside risk of sentiment and valuation factors.
Robotics growth concerns, competition risks and long-term market contraction risks
Despite the potential in robotics that will help Nvidia sustain growth after the initial AI infrastructure build-out, the robotics market is not expected to be as large as the AI market (at least initially). That being said, AI's occurrence was largely unpredicted by most people and large growth forecasts appeared quickly. Therefore, the company has the potential to position itself to capitalize on what could be massive growth in robotics, which is currently potentially underestimated by analysts as most of the focus is on AI. At present, the robotics market could be worth $200 billion by 2033, based on a report from GlobalData, but AI is expected to achieve a trillion-dollar investment. Therefore, the difference between both industries in the consensus view is currently stark. It is also worth noting that AI is the foundation of robotics, as well as other information-based automation, like SaaS enhancements; this is fundamental to why AI is a much larger industry than robotics.
The AI market is now also becoming diverse and saturated by more players. AMD's NASDAQ:AMD MI300X chip is targeted at large language model training and claims to outperform Nvidia's offerings in certain aspects. Cerebras is introducing new architectures, such as wafer-scale engines, that offer high memory bandwidth, which is gaining traction in pharmaceutical research and large language models. Furthermore, major cloud service providers, including Google, Amazon and Microsoft, are developing their AI chips for internal use, potentially reducing reliance on Nvidia's products. AMD and Intel NASDAQ:INTC are part of the UXL foundation, which is aiming to create free alternatives to the company's CUDA software ecosystem, a key competitive advantage for Nvidia.
Overall, the near-term future for the stock looks quite unpredictable and unstable, in my opinion. Some analysts are suggesting Nvidia could encounter a Cisco NASDAQ:CSCO moment from the year 2000 when its stock dropped dramatically in price after the dot-com boom. Despite the possibility of this, I do not think the decline will be as pronounced. As I mentioned, I think Nvidia could continue to decline in price in the short term but also potentially reach new highs within a couple of years as ity capitalizes on robotics trends and continued AI capital expenditures. There is likely to be a contraction in valuation multiples, but a forward earnings multiple of 45 does not seem unreasonably high to me. The AI infrastructure build-out is much more tangible in many respects than the dot-com boom was. As a result, Nvidia is a buy at these levels, but likely a strong buy if the price falls further over the next few quarters.
Second-quarter earnings implications
Nvidia posts its second-quarter earnings on Aug. 28. If the company beats expectations and raises its guidance, this could be an inflection point that sees its shares climb higher. On the other hand, if the company reports an earnings miss and lowers guidance, I believe the opposite could happen and the stock could fall in price on fears of downward momentum and further contraction in fundamental growth expectations to come.
That being said, the major players have all said that they are scaling their AI infrastructure investments and expect the capex in fiscal 2025 to be higher than in 2024. This bodes well for Nvidia this year, in my opinion, and I am more bullish than bearish on the stock in the near term. Despite what happens with earnings, I think it is a long-term buy.
Conclusion
Nvidia is currently in buy rating territory, but there is the potential for further downside to occur. Despite this, the GF Value Line indicates the stock is currently only modestly overvalued. As of the time of writing, shares fell 19% from all-time highs before regaining approximately 10% over the past five days.
I am bullish on Nvidia, but I also think the stock could face downside volatility over the next several quarters. As a result of this and the high valuation, I am still not buying the stock yet, but I might if it becomes undervalued after a potentially unjustified sell-off based on short-term sentiment factors.
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benzinga:a3df118ed094b:0 | MSFT | Microsoft Restructures Reporting Segments, Revises Guidance | benzinga | https://benzinga.com/ | 2024-08-22T13:46:39+00:00 | https://www.tradingview.com/news/benzinga:a3df118ed094b:0-microsoft-restructures-reporting-segments-revises-guidance/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:a3df118ed094b:0-microsoft-restructures-reporting-segments-revises-guidance/ | EN | On Wednesday, Microsoft Corporation NASDAQ:MSFT disclosed segment restructuring and revised guidance.The company stated it will now report the revenue from the commercial components of Microsoft 365 in the Productivity and Business Processes (PBP) segment.Also, the company will now report the cloud… | On Wednesday, Microsoft Corporation NASDAQ:MSFT disclosed segment restructuring
The company stated it will now report the revenue from the commercial components of Microsoft 365 in the Productivity and Business Processes (PBP) segment.
Also, the company will now report the cloud portion of Microsoft 365 commercial as “Microsoft 365 Commercial Cloud” and the on-premises part as “Microsoft 365 Commercial products”.
In addition, the company shifted Copilot Pro revenue to “Search and news advertising” in the More Personal Computing (MPC) segment, renaming it as “Microsoft 365 Consumer products and cloud services.”
Also, Microsoft stated that Search and news advertising revenue moved to Azure in the Intelligent Cloud (IC) segment, which is now part of Microsoft Cloud metrics. Moreover, Nuance Enterprise revenue is moved to “Dynamics products and cloud services” in PBP.
Also Read:
Q1 Outlook Update: The company revised guidance for IC revenue to $23.80 billion-$24.10 billion (), Personal Computing revenue to $12.25 billion-$12.65 billion (from $14.9 billion to $15.3 billion) and, PBP revenue to $27.75 billion-$28.05 billion (from $20.3 billion-$20.6 billion).
Microsoft expects Azure revenue to decline by 1-2 percentage points sequentially, with growth around 33% in constant currency.
In July, Microsoft reported fourth-quarter revenue of $64.7 billion, beating a Street consensus estimate of $64.36 billion and earnings per share of $2.95, exceeding a Street consensus estimate of $2.92.
Read Now : Microsoft Azure Miss To Lead To Dip In AI Stocks, But The Trade Remains Strong, Predicts Gene Munster — Increased Redmond Capex ‘Good News’ For Nvidia, TSMC
Price Action: MSFT shares are down 0.13% at $424.80 at last check Thursday.
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Midjourney Opens Web Experience To All Amid Controversy Over Unauthorized Use Of Artists’ WorkDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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zacks:b88c86eed094b:0 | NVDA | Should You Invest in NVIDIA (NVDA) Stock Ahead of Q2 Earnings? | zacks | http://www.zacks.com/ | 2024-08-22T13:39:00+00:00 | https://www.tradingview.com/news/zacks:b88c86eed094b:0-should-you-invest-in-nvidia-nvda-stock-ahead-of-q2-earnings/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/zacks:b88c86eed094b:0-should-you-invest-in-nvidia-nvda-stock-ahead-of-q2-earnings/ | EN | NVIDIA Corporation NVDA is set to report second-quarter fiscal 2025 results on Aug 28.For the fiscal second quarter, the company expects revenues of $28 billion (+/-2%). The Zacks Consensus Estimate is pegged at $28.24 billion, which indicates a whopping 109% increase from the year-ago reported fig… | NVIDIA Corporation NVDA is set to report second-quarter fiscal 2025 results on Aug 28.
For the fiscal second quarter, the company expects revenues of $28 billion (+/-2%). The Zacks Consensus Estimate is pegged at $28.24 billion, which indicates a whopping 109% increase from the year-ago reported figure.
The Zacks Consensus Estimate for quarterly earnings has remained unchanged at 0.63 cents per share over the past 60 days. This suggests year-over-year growth of 133.3% from the year-ago quarter’s earnings of 27 cents per share.
Earnings of the pioneer of the graphics processing unit (GPU)-accelerated computing surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.4%.
NVIDIA Corporation Price, Consensus and EPS Surprise
NVIDIA Corporation price-consensus-eps-surprise-chart | NVIDIA Corporation Quote
Let’s see how things have shaped up before the announcement.
Factors Shaping Upcoming Results
The continued strength of its Datacenter business on the increasing adoption of cloud-based solutions amid the growing hybrid working trend is expected to have boosted NVDA’s second-quarter revenues. An increase in Hyperscale demand and growing adoption in the inference market are likely to have been tailwinds in the to-be-reported quarter.
Additionally, the Datacenter end-market business is likely to have benefited from the growing demand for generative AI and large language models using GPUs based on NVIDIA Hopper and Ampere architectures. The strong demand for its chips from large cloud service and consumer internet companies is anticipated to have aided the segment’s top-line growth in the to-be-reported quarter. Our second-quarter revenue estimate for the Datacenter end market is pegged at $24.51 billion, which indicates robust year-over-year growth of 137%.
Moreover, NVIDIA’s second-quarter performance is likely to have benefited from the recovery across its Gaming and Professional Visualization end markets. The Gaming end market’s last four quarters’ results had shown signs of recovery as inventory with channel partners reached normal levels. The company also registered strong demand across most regions for its gaming products.
Revenues from the Gaming end market increased 18% year over year to $2.65 billion in the first quarter of fiscal 2025. Our second-quarter revenue estimate for the Gaming end market stands at $2.77 billion, which implies an 11.5% increase from the year-ago quarter.
NVIDIA’s Professional Visualization segment performance also reflected recovery, with revenues increasing 45% year over year in the first quarter. We believe that the trend is likely to have continued in the second quarter for the end market. Our second-quarter revenue estimate for the Professional Visualization end market is pegged at $475.7 million, which suggests a 25.5% increase from the year-ago quarter.
Further, the company’s Automotive segment showed an improvement in trends in seven of the last eight quarters. The positive trend is likely to have continued in the fiscal second quarter, mainly due to increasing investments in self-driving and AI cockpit solutions. Our second-quarter revenue estimate for the Automotive end market is pegged at $294.6 million, which indicates year-over-year growth of 16%.
Price Performance & Valuation
Year to date, NVDA stock has skyrocketed 159.4%, outperforming the Zacks Semiconductor – General industry’s growth of 112.5%. Moreover, NVIDIA shares have outpaced the gains of major chip makers, including Micron MU, Marvell Technology MRVL and Advanced Micro Devices AMD, which have registered an increase of 26.8%, 18.6%, and 6.9%, respectively, YTD.
YTD Price Performance
Now, let’s look at the value NVIDIA offers investors at the current levels. NVIDIA is trading at a premium with a forward 12-month P/S of 23.02X compared with the industry’s 18.97X, reflecting a stretched valuation.
GenAI to Drive Growth
Over the past year, NVIDIA’s revenue growth has been fueled by robust demand for chips needed for generative AI model development. NVIDIA dominates the market for generative AI chips, which have already proven their usefulness across multiple industries, including marketing, advertising, customer service, education, content creation, healthcare, automotive, energy & utilities and video game development.
The growing demand to modernize the workflow across industries is expected to drive the demand for generative AI applications. The global generative AI market size is anticipated to reach $967.6 billion by 2032, according to a new report by Fortune Business Insights. The market is expected to expand at a CAGR of 39.6% from 2024 to 2032.
However, the complexity of generative AI, which demands vast knowledge and immense computational power, means that enterprises will need to upgrade their network infrastructures significantly. NVIDIA’s AI chips, including the A100, H100 and B100, are the top choices for building and running these powerful AI applications, positioning the company as a leader in this space. As the generative AI revolution unfolds, we expect NVIDIA's advanced chips to drive substantial growth in both its revenues and market presence.
Conclusion
As a leading player in the semiconductor industry, NVIDIA has benefited from its dominance in GPUs and strategic expansion into AI, data centers and autonomous vehicles. This Zacks Rank #2 (Buy) company's strong product portfolio, leadership in AI and relentless innovation present a compelling investment opportunity. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
While NVDA stock’s premium valuation might be perceived as a risk, the premium is justified due to its consistent financial performance and substantial growth prospects in emerging sectors such as automotive, healthcare and manufacturing. The company enjoys high market esteem, and savvy investors should consider leveraging NVDA’s potential for sustained long-term growth.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Investment Research
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DJN_DN20240822006111:0 | NVDA | Nvidia Is Maintained at Buy by Rosenblatt | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-22T13:30:00+00:00 | https://www.tradingview.com/news/DJN_DN20240822006111:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240822006111:0/ | EN | (13:30 GMT) Nvidia Price Target Maintained With a $200.00/Share by Rosenblatt | (13:30 GMT) Nvidia Price Target Maintained With a $200.00/Share by Rosenblatt
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urn:newsml:mtnewswires.com:20240822:G2405252:0 | 7203 | Saudi Arabia's Elm Co. Renews Sharia-Compliant Bank Facilities Agreement | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-22T13:16:01+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240822:G2405252:0/ | null | [{'symbol': 'TADAWUL:7203', 'base_logoid': 'elm-co'}] | /news/mtnewswires.com:20240822:G2405252:0/ | EN | Elm Co. (SASE:7203) said Thursday it renewed a 500 million-Saudi riyal Sharia-compliant bank facilities agreement with Al Rajhi Bank. The Saudi Arabian digital services company intends to utilize the new 12-month facility, backed by a promissory note, for working capital and bank guarantees. | Elm Co. (SASE:7203) said Thursday it renewed a 500 million-Saudi riyal Sharia-compliant bank facilities agreement with Al Rajhi Bank.
The Saudi Arabian digital services company intends to utilize the new 12-month facility, backed by a promissory note, for working capital and bank guarantees.
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tag:reuters.com,2024-08-22:newsml_GNXbQczjP:0 | NVDA | Artificial Intelligence Influence on Global E-Commerce Market Expected to Skyrocket to $25 Billion By 2032 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T12:45:00+00:00 | https://www.tradingview.com/news/reuters.com,2024-08-22:newsml_GNXbQczjP:0-artificial-intelligence-influence-on-global-e-commerce-market-expected-to-skyrocket-to-25-billion-by-2032/ | GlobeNewswire, Inc. 2024 | [{'symbol': 'NASDAQ:RZLV', 'logoid': '', 'base_logoid': ''}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}] | /news/reuters.com,2024-08-22:newsml_GNXbQczjP:0-artificial-intelligence-influence-on-global-e-commerce-market-expected-to-skyrocket-to-25-billion-by-2032/ | EN | PALM BEACH, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary - Experts see that the Global Artificial Intelligence in E-Commerce market is poised for remarkable growth in coming years. This burgeoning market has witnessed significant expansion in recent years, and this trend… | PALM BEACH, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary - Experts see that the Global Artificial Intelligence in E-Commerce market is poised for remarkable growth in coming years. This burgeoning market has witnessed significant expansion in recent years, and this trend is anticipated to persist into the foreseeable future. AI has emerged as a linchpin in e-commerce marketing, empowering businesses to glean insights into customer behavior and emerging trends. It facilitates the creation of highly personalized advertising, marketing initiatives, and promotions, thus fostering enhanced engagement and conversion rates. Marketers are increasingly leveraging generative AI tools to scale content production efficiently, ensuring alignment with target audience preferences. Moreover, AI enables retargeting strategies through omnichannel approaches, enticing potential customers to make informed purchasing decisions. A report from Dimension Market Research projected that the market is expected to skyrocket to USD $25.1 billion by 2032 at a staggering CAGR of 15.1%. The market has seen a significant increase in the recent past and is predicted to grow significantly during the forecasted period as well. The report said: “AI plays a crucial role in e-commerce marketing by allowing businesses to gain insights into customer behavior & emerging trends, encouraging the creation of highly customized advertising, marketing initiatives, & promotions. Marketers give more importance to generative AI tools to efficiently scale their content production & ensure message alignment with their target audience. Additionally, AI supports retargeting potential customers through an omnichannel approach, pleasing them to make purchases of products and services.” Active A.I. tech companies in the markets this week include Rezolve AI NASDAQ:RZLV, NVIDIA Corporation NASDAQ:NVDA, Microsoft Corporation NASDAQ:MSFT, Alphabet Inc. NASDAQ:GOOG, Amazon.com, Inc. NASDAQ:AMZN.
Dimension Market Research continued: “Artificial intelligence is driving a major revolution in online shopping, fundamentally evolving the market by predicting buying trends based on customer purchase patterns & timing. One essential area where AI's predictive analytics are making a big impact is inventory management in e-commerce. Given the limitations in storage capacity & budget constraints, efficient inventory prioritization is essential. Keeping stock up-to-date, well-organized, and ordered in advance based on projected customer needs is crucial. The extent of product and service personalization plays a major role in customer retention. An effective strategy to enhance client loyalty includes delivering personalized marketing content & customized shopping experiences to target audiences.”
Rezolve AI NASDAQ:RZLV Partners with ePages to Bring Ai Powered Conversational Commerce to over 100,000 Merchants Globally - Rezolve AI is one of the first pure play Ai companies with its own foundation Large Language Model - brainpowa which is expected to revolutionize eCommerce - Rezolve AI (“Rezolve” or “the Company”), a leading provider of artificial intelligence (AI) solutions engineered for commerce, has entered into a strategic partnership with ePages, the largest independent provider of eCommerce software to retailers in Europe to enhance the eCommerce experience for small and medium-sized businesses by leveraging Rezolve AI’s innovative AI technology.
Rezolve’s advanced technology allows customers to interact with eCommerce sites instead of the old-fashioned navigation associated with shopping online. Additionally, customers can interact with virtual support personnel to get updates on orders, explore product information, and much more in any of 95 languages
As part of the agreement, Rezolve AI will provide its cutting-edge products, including Brain Assistant and Brain Commerce, to ePages' extensive network of merchants. In return, ePages will utilize its marketing and promotion channels, such as the ePages App Store, to sell Rezolve AI’s products to its existing and future merchant base. This collaboration will enable merchants to deliver personalized shopping experiences and provide real-time customer support, revolutionizing the way businesses engage with customers and drive sales.
"We are excited to join forces with ePages and bring our AI solutions to their extensive network of merchants," said Daniel M. Wagner, CEO of Rezolve AI. “This partnership represents a significant milestone in our mission to revolutionize the eCommerce industry. By combining ePages' powerful eCommerce software with Rezolve's cutting-edge AI technology, we are empowering businesses to provide personalized shopping experiences and real-time customer support. Together, we expect to redefine the way businesses engage with customers and drive sales."
Rezolve's proprietary Large Language Model (LLM) - brainpowa - is customized and focuses on commerce and retail, enabling 'conversational commerce' and instant checkout in 95 languages. Rezolve's AI-driven engagement platform provides customers with a Gen AI-powered sales engine designed to significantly improve search, advice, and revenue generation in the digital retail space.
Brainpowa- is an AI language model designed to understand the context of words in a sentence by considering the words that come before and after them. "As the largest independent provider of eCommerce software in Europe, ePages specializes in making powerful eCommerce easy for small and medium-sized companies. Today, over 100,000 companies in 70 countries run professional online shops based on ePages' cloud-driven software – with up to 15 languages and optimized for mobile devices. Thanks to automatic updates and new integrations, ePages online stores are always up-to-date with the latest eCommerce trends," said Wilfried Beeck, CEO of ePages.
By bridging the gap between promotional engagements and sales transactions, Rezolve empowers businesses to sell instantly at the point of interest. Through various online and offline triggers, such as social media, print, and geolocations, consumers are seamlessly guided into an "Instant Checkout" purchasing flow, enabling them to make purchases with a single action. This innovative approach transforms every consumer interaction into a potential buying opportunity.
The partnership between Rezolve and ePages represents a significant step forward in the eCommerce industry, combining cutting-edge AI technology with powerful online shop software. Together, they aim to revolutionize the way businesses engage with customers and drive sales. CONTINUED… Read this full press release and more news for Rezolve AI at: https://www.rezolve.ai/press-releases
Other recent developments in the A.I. industry of note include:
Microsoft Corporation NASDAQ:MSFT and Palantir Technologies Inc. (PLTR) recently announced a significant advancement in their partnership to bring some of the most sophisticated and secure cloud, AI, and analytics capabilities to the U.S. Defense and Intelligence Community. This is a first-of-its-kind, integrated suite of technology that will allow critical national security missions to operationalize Microsoft’s best-in-class Large Language Models (LLMs) via Azure OpenAI (AOAI) Service within Palantir’s AI Platform (AIP) in Microsoft’s government and classified cloud environments.
Palantir and Microsoft have a long history operating in secure and accredited environments to deliver leading technology for the most critical U.S. Defense and Intelligence missions. Now, through this partnership, Palantir will deploy their suite of products – Foundry, Gotham, Apollo, and AIP – in Microsoft Azure Government and in the Azure Government Secret (DoD Impact Level 6) and Top Secret clouds. Palantir will also be an early adopter of Azure’s OpenAI Service in Microsoft’s Secret and Top Secret environments.
Amazon.com, Inc. NASDAQ:AMZN recently announced financial results for its second quarter ended June 30, 2024. Net sales increased 10% to $148.0 billion in the second quarter, compared with $134.4 billion in second quarter 2023. Excluding the $1.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with second quarter 2023; North America segment sales increased 9% year-over-year to $90.0 billion; International segment sales increased 7% year-over-year to $31.7 billion, or increased 10% excluding changes in foreign exchange rates; and AWS segment sales increased 19% year-over-year to $26.3 billion.
Operating income increased to $14.7 billion in the second quarter, compared with $7.7 billion in second quarter 2023; North America segment operating income was $5.1 billion, compared with operating income of $3.2 billion in second quarter 2023; International segment operating income was $0.3 billion, compared with an operating loss of $0.9 billion in second quarter 2023; AWS segment operating income was $9.3 billion, compared with operating income of $5.4 billion in second quarter 2023.
Net income increased to $13.5 billion in the second quarter, or $1.26 per diluted share, compared with $6.7 billion, or $0.65 per diluted share, in second quarter 2023; Second quarter 2024 net income includes a pre-tax valuation gain of $0.4 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc., compared to a pre-tax valuation gain of $0.2 billion from the investment in second quarter 2023.
MongoDB, Inc. (MDB) and Google Cloud NASDAQ:GOOG, recently announced the two companies are collaborating to optimize Gemini Code Assist to provide enhanced suggestions for application development and modernization on MongoDB—the industry-leading developer data platform that millions of developers and tens of thousands of customers rely on every day for business-critical applications. Gemini Code Assist from Google Cloud generates code suggestions, answers questions about existing code in developers' integrated development environments (IDEs), and can update entire codebases with a single prompt. Through this collaboration, Gemini Code Assist can help developers get answers and information about MongoDB code, documentation, and best practices, so they will be able to more quickly prototype new features and accelerate application development.
"Generative AI is changing not only how end-users interact with modern applications but also how developers build those applications," said Andrew Davidson, SVP of Product at MongoDB. "Collaborating with Google Cloud to integrate Gemini Code Assist with MongoDB libraries and best practices will give developers the ability to build more quickly and to focus on more difficult tasks like ideating new types of application experiences for customers. Developers are a modern organization's most valuable asset, and we're excited to make it even easier for them to be at their best through this collaboration that puts generative AI-powered software development directly into their hands."
NVIDIA Corporation NASDAQ:NVDA recently announced that it will host a conference call on Wednesday, August 28, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2025, which ended July 28, 2024.
The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors.
Ahead of the call, NVIDIA will provide written commentary on its second-quarter results from its chief financial officer, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT. The webcast will be recorded and available for replay until the company’s conference call to discuss financial results for its third quarter of fiscal year 2025.
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benzinga:dc3d66067094b:0 | NVDA | Bitcoin Or Nvidia, Which Offers A Better Risk-Adjusted Return? | benzinga | https://benzinga.com/ | 2024-08-22T11:45:29+00:00 | https://www.tradingview.com/news/benzinga:dc3d66067094b:0-bitcoin-or-nvidia-which-offers-a-better-risk-adjusted-return/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:dc3d66067094b:0-bitcoin-or-nvidia-which-offers-a-better-risk-adjusted-return/ | EN | Cryptocurrencies and equities are perceived as risk-laden investments, and returns might not mean much if one ignores the inherent volatility.What Happened: Bitcoin, the world's leading cryptocurrency, has jumped 43% year-to-date, surpassing blue-chip equity indices like the S&P 500 and the Nasdaq… | Cryptocurrencies and equities are perceived as risk-laden investments, and returns might not mean much if one ignores the inherent volatility.
What Happened: Bitcoin, the world's leading cryptocurrency, has jumped 43% year-to-date, surpassing blue-chip equity indices like the S&P 500 and the Nasdaq Composite, which have grown 18.51% and 21.35% respectively.
But the King Crypto has also endured sharp corrections this year, the most recent being the , during which it dipped below $50,000.
To get a more accurate picture, consider measuring the excess return a Bitcoin investor obtains for enduring higher volatility.
Bitcoin's Sharpe ratio, a measure of risk-adjusted returns, was -1 as of this writing, according to charting platform Trading View, suggesting that the expected return was lower than that of a risk-free investment, such as a Treasury yield.
The Sharpe ratio was 4 at the start of the month, but the subsequent downturn eroded returns.
See Also:
On the other hand, AI powerhouse NVIDIA Corp. NASDAQ:NVDA, showed a Sharpe ratio of 2.29, highlighting a better risk-adjusted performance as of this writing.
Note that Nvidia has had a blockbuster run at the equity markets this year, soaring 166% year-to-date.
Why It Matters: The diverging performance reflected Nvidia's growing appeal as a speculative, high-returning investment.
While the early August dip hurt both Bitcoin and Nvidia, the AI-based stock has recovered faster, increasing 8% over the week compared to the apex cryptocurrency’s 4.61% advance.
Price Action: At the time of writing, Bitcoin was trading at 60,752.45, up 1.71% in the last 24 hours, according to . Shares of Nvidia closed 0.98% higher at $128.50 during Wednesday's regular session.
Read Next:
Pro-Bitcoin Senator Cynthia Lummis Says ‘Not A Single Indication’ That Kamala Harris Would Be Good For The Crypto Industry© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240822004092:0 | NVDA | Nvidia Stock Rises Along With Earnings Forecasts. What's Driving Expectations. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-22T10:59:00+00:00 | https://www.tradingview.com/news/DJN_DN20240822004092:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240822004092:0/ | EN | By Adam ClarkNvidia was gaining early Thursday. The chip maker is getting more endorsements ahead of its earnings report next week.Nvidia shares were up 0.2% at $128.79 in premarket trading. The stock closed 1% higher on Wednesday.The focus for the market is on Nvidia's report due Aug. 28, when the… | By Adam Clark
Nvidia was gaining early Thursday. The chip maker is getting more endorsements ahead of its earnings report next week.
Nvidia shares were up 0.2% at $128.79 in premarket trading. The stock closed 1% higher on Wednesday.
The focus for the market is on Nvidia's report due Aug. 28, when the company is expected to post second-quarter earnings of 64 cents a share and revenue of $28.65 billion, according to a FactSet poll of analysts' estimates.
In the past week, analysts' consensus estimate for Nvidia earnings has been revised up by 10%, noted Navellier & Associates founder Louis Navellier, which could bode well for the results.
"Typically, positive analyst earnings revisions precede future earnings surprises," Navellier wrote in a research note.
Even if Nvidia does match or surpass expectations, the question is whether a positive report is already priced in, with the stock up 159% this year so far as of Wednesday's close. Citi analyst Atif Malik reckons there is more in store, keeping a Buy rating and $150 target price on the stock.
"We expect Street estimates to go higher for the Jun/Oct-Qs, Blackwell comments to reassure investors on a strong CY25 [calendar year 2025] outlook, and [the] stock to make [a] fresh 52 week high," wrote Malik in a research note, referring to Nvidia's Blackwell next-generation AI chips.
Among other chip makers, Advanced Micro Devices was rising 0.2% and Broadcom was falling 0.2% in premarket trading.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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benzinga:fe4494f9b094b:0 | QQQ | US Stocks Poised For Tepid Start Ahead Of Private Sector Activity Data And Jackson Hole Symposium: Analyst Says Market Is Focused On Nvidia Earnings And 'Waiting Is The Hardest Part' | benzinga | https://benzinga.com/ | 2024-08-22T10:41:01+00:00 | https://www.tradingview.com/news/benzinga:fe4494f9b094b:0-us-stocks-poised-for-tepid-start-ahead-of-private-sector-activity-data-and-jackson-hole-symposium-analyst-says-market-is-focused-on-nvidia-earnings-and-waiting-is-the-hardest-part/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NYSE:A', 'base_logoid': 'agilent-technologies'}, {'symbol': 'NASDAQ:URBN', 'base_logoid': 'urban-outfitters'}, {'symbol': 'NYSE:SNOW', 'base_logoid': 'snowflake'}, {'symbol': 'NYSE:ZUO', 'base_logoid': 'zuora'}, {'symbol': 'NYSE:WOLF', 'base_logoid': 'wolfspeed'}, {'symbol': 'NASDAQ:SNPS', 'base_logoid': 'synopsys'}, {'symbol': 'NASDAQ:ZM', 'base_logoid': 'zoom-video-communications'}, {'symbol': 'NYSE:AAP', 'base_logoid': 'advance-auto-parts'}, {'symbol': 'NASDAQ:BIDU', 'base_logoid': 'baidu'}, {'symbol': 'NASDAQ:BILI', 'base_logoid': 'bilibili'}, {'symbol': 'NASDAQ:NTES', 'base_logoid': 'netease'}, {'symbol': 'NYSE:BJ', 'base_logoid': 'bjs-whsl-club-hldgs'}, {'symbol': 'NASDAQ:CSIQ', 'base_logoid': 'canadian-solar'}, {'symbol': 'NASDAQ:PTON', 'base_logoid': 'peloton-interactive-inc'}, {'symbol': 'NYSE:WSM', 'base_logoid': 'williams-sonoma'}, {'symbol': 'NYSE:BILL', 'base_logoid': 'bill-com'}, {'symbol': 'NYSE:CAVA', 'base_logoid': 'cava'}, {'symbol': 'NASDAQ:INTU', 'base_logoid': 'intuit'}, {'symbol': 'NASDAQ:ROST', 'base_logoid': 'ross-stores'}, {'symbol': 'NASDAQ:WDAY', 'base_logoid': 'workday'}, {'symbol': 'NYSE:SCHW', 'base_logoid': 'schwab'}, {'symbol': 'NYSE:TD', 'base_logoid': 'toronto-dominion-bank'}] | /news/benzinga:fe4494f9b094b:0-us-stocks-poised-for-tepid-start-ahead-of-private-sector-activity-data-and-jackson-hole-symposium-analyst-says-market-is-focused-on-nvidia-earnings-and-waiting-is-the-hardest-part/ | EN | Index futures trading point to a slightly positive start on Thursday, with some key Main Street data likely directing the market. Sentiment could remain guarded as traders look ahead to the 3-day Jackson Hole Symposium that kickstarts on Thursday, with Federal Reserve Chairman Jerome Powell deliver… | Index futures trading point to a slightly positive start on Thursday, with some key Main Street data likely directing the market. Sentiment could remain guarded as traders look ahead to the 3-day Jackson Hole Symposium that kickstarts on Thursday, with Federal Reserve Chairman Jerome Powell delivering his address on Friday. Earnings news has been mixed. With traders baking in a September rate cut, the near-term catalyst is likely to be Nvidia, Inc.’s NASDAQ:NVDA earnings due next week.
“Move over, Fed, it's all about Nvidia's earnings on August 28th. The waiting is the hardest part,” said Gina Bolvin, President of Bolvin Wealth Management Group.
FuturesPerformance (+/-)Nasdaq 100+0.07%S&P 500+0.06%Dow+0.07%R2K+0.20%In premarket trading on Thursday, the SPDR S&P 500 ETF Trust AMEX:SPY climbed 0.16% to $561.50, and the Invesco QQQ ETF NASDAQ:QQQ gained 0.18% to $483.38, according to Benzinga Pro data.
Cues From Last Session:
U.S. stocks ended Wednesday’s session higher, rebounding from the previous session’s slide, as traders relished the dovish message from the Federal Open Market Committee’s July meeting minutes and the Bureau of Labor Statistics’ annual revision taking down the non-farm payroll numbers sharply.
The Nasdaq Composite and the S&P 500 Index stayed mostly above the unchanged line, while the Dow Jones Industrial Average was relatively more volatile. All three closed firmly in the green. Small-caps outperformed the major indices, with the Russell 2,000 advancing 1.32%.
The S&P 500 is now closing in on its all-time high of 5,667.20 hit on July 16 and the Nasdaq Composite ended at its highest levels since July 17.
Most S&P 500 sectors, baring energy and financials, ended higher for the day, with consumer discretionary and material stocks seeing particular strength.
IndexPerformance (+/)ValueNasdaq Composite+0.57%17,918.99S&P 500 Index+0.42% 5,620.85Dow Industrials+0.14%40,890.49Russell 2000+1.32%2,170.56Insights From Analysts:
In a report released ahead of BLS’ annual revision, Morgan Stanley’s Lisa Shalett said Wall Street analysts' current profit estimates appear ambitious, calling for accelerating and double-digit growth rates over the next six quarters, even as margins are already near record highs.
She said slowing nominal GDP will hurt companies’ pricing power and profitability, adding that gains from falling costs and the advantages of a strong U.S. dollar may also fade. If companies choose to cut labor, in response, and job losses rise significantly, it could put the soft landing at risk, she added.
Carson Group’s Ryan Detrick noted that the S&P 500 Index has been above the 200-day moving average for more than 200 days now. This has happened three times in the past and on those three instances, the index stayed above the 200-day MA for another 277 days, 242 days, and 195 days, he said. “If you are bearish b/c this is a long rally, be careful,” he added.
S&P 500 above the 200-day MA for more than 200 days (ok 201 to be exact).
Sounds like a lot, right? Past 3 times it got to 200 days it stayed above for another 277 days, 242 days, and 195 days.
In other words, if you are bearish b/c this is a long rally, be careful.
Upcoming Economic Data
The Labor Department is scheduled to release the weekly jobless claims report at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 230,000 for the week ended Aug. 17, up from 227,000 in the previous reporting week.S&P Global will release its flash manufacturing and service sector purchasing managers’ indices for August at 9:45 a.m. EDT. The consensus estimates call for the manufacturing PMI to edge down from 49.6 in July to 49.5 in August, and the service PMI is expected at 54 for August, down from 55 in July.The National Association of Realtors is due to release the existing home sales report for July at 10 a.m. EDT. Existing home sales may have come in at a seasonally adjusted annual rate of 3.94 million units for July, up from June’s 3.89 million units.The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 30-year TIPS at 1 p.m. EDT.See Also:
Stocks In Focus:
Agilent Technologies, Inc. NYSE:A rose over 2% following the company’s quarterly results announcement. Among the other stocks moving on earnings are Urban Outfitters, Inc. NASDAQ:URBN (down over 10%), Snowflake Inc. NYSE:SNOW )down over 9%), Zuora, Inc. NYSE:ZUO (up over 7.50%), Wolfspeed, Inc. NYSE:WOLF (up over 8%), Synopsys, Inc. NASDAQ:SNPS (up over 2%), and Zoom Video Communications, Inc. NASDAQ:ZM (up over 3.50%).Advance Auto Parts, Inc. NYSE:AAP, Baidu, Inc. NASDAQ:BIDU, Bilibili Inc. NASDAQ:BILI, NetEase, Inc. NASDAQ:NTES, BJ’s Wholesale Club Holdings, Inc. NYSE:BJ, Canadian Solar Inc. NASDAQ:CSIQ, Peloton Interactive, Inc. NASDAQ:PTON and Williams-Sonoma, Inc. NYSE:WSM are among the before the market opens.Those reporting earnings after the close include BILL Holdings, Inc. NYSE:BILL, CAVA Group, Inc. NYSE:CAVA, Intuit Inc. NASDAQ:INTU, Ross Stores, Inc. NASDAQ:ROST and Workday, Inc. NASDAQ:WDAY.Charles Schwab Corporation NYSE:SCHW slipped over 4% after Toronto-Dominion Bank NYSE:TD sold shares in the former to provision for $2.6 billion in potential fines from U.S. regulators.Commodities, Bonds And Global Equity Markets:
Crude oil futures rose marginally, while gold futures slipped further away from their record high. Bitcoin rose following the FOMC minutes and approached the $61K level and the yield on the 10-year Treasury note rose 4.2 basis points to 3.818%.
The Asian markets had a mixed session, while European stocks were higher in early trading on Thursday.
Read Next:
Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% PullbacksPhoto via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240822:A3209411:0 | NVDA | Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Thursday; Clover Health Investments to Advance, Snowflake to Decline | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-22T10:39:04+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240822:A3209411:0/ | null | [{'symbol': 'NASDAQ:CLOV', 'base_logoid': 'clover-health'}, {'symbol': 'NASDAQ:DJT', 'base_logoid': 'digital-world-acquisition-corp'}, {'symbol': 'NASDAQ:ASTS', 'base_logoid': 'ast-spacemobile'}, {'symbol': 'NASDAQ:RKLB', 'base_logoid': 'rocket-lab'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:SNOW', 'base_logoid': 'snowflake'}, {'symbol': 'NASDAQ:LUNR', 'base_logoid': 'intuitive-machines'}, {'symbol': 'NYSE:TGT', 'base_logoid': 'target'}] | /news/mtnewswires.com:20240822:A3209411:0/ | EN | The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Thursday's opening bell. Clover Health Investments NASDAQ:CLOV was 9% higher in pre-bell activity, extending gains after a 12.9% increase at Wednesday's close. Trump Media & Technology Group NASDAQ:DJT rose b… | The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Thursday's opening bell.
Clover Health Investments NASDAQ:CLOV was 9% higher in pre-bell activity, extending gains after a 12.9% increase at Wednesday's close.
Trump Media & Technology Group NASDAQ:DJT rose by 4.8% in premarket hours, following a 13% increase from the previous session.
AST SpaceMobile NASDAQ:ASTS was up nearly 2% pre-bell, after closing Wednesday with a 6.2% increase.
Rocket Lab USA NASDAQ:RKLB advanced by 1% premarket, still up after a 5.3% rise from Wednesday's session.
Nvidia NASDAQ:NVDA was 0.4% higher in pre-bell hours, after an increase of almost 1% at Wednesday's close.
Snowflake NYSE:SNOW fell by 9.6% in premarket activity, reversing a 2.4% increase from the previous session.
Intuitive Machines NASDAQ:LUNR was down 0.9% hours before market open, following a 5.1% decline at Wednesday's close.
Target NYSE:TGT was 0.1% lower premarket, swinging from an 11.2% increase at Wednesday's close.
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benzinga:76c81fb5f094b:0 | NVDA | Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% Pullbacks | benzinga | https://benzinga.com/ | 2024-08-22T09:20:29+00:00 | https://www.tradingview.com/news/benzinga:76c81fb5f094b:0-nvidia-stock-to-surge-to-340-in-medium-term-portfolio-manager-sees-strong-rally-interspersed-by-35-80-pullbacks/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:76c81fb5f094b:0-nvidia-stock-to-surge-to-340-in-medium-term-portfolio-manager-sees-strong-rally-interspersed-by-35-80-pullbacks/ | EN | Nvidia Corp. NASDAQ:NVDA shares rebounded on Wednesday, taking the broader market higher along with it, and a portfolio manager on Wednesday weighed in on the near- and medium-term outlook for the stock.What Happened: Ex-Google CEO Eric Schmidt recently talked up Nvidia’s stock in a video shared by… | Nvidia Corp. NASDAQ:NVDA shares rebounded on Wednesday,and a portfolio manager on Wednesday weighed in on the near- and medium-term outlook for the stock.
What Happened: Ex-Google CEO Eric Schmidt recently talked up Nvidia’s stock in a video shared by Stanford University, which has since then been deleted. In the video, he was seen saying that big companies are looking to spend $20 billion, $50 billion or $100 billion on artificial intelligence data centers and the bulk of this outgo will go to Nvidia, which makes AI accelerators.
Eric Jackson, the founder and portfolio manager at EMJ Capital, said If Schmidt were right and hyper scalers were to spend $300 billion each on Nvidia over the next few years, the AI stalwart would be sold out for the next four years. The 2027 net income is estimated at $132 billion, which translates to a P/E multiple of 23 times, he noted. If the stock were to trade up to 65 times the forward P/E multiple, the company’s valuation would be $8.5 trillion and the per-share value of the stock would be $340, he said.
The portfolio manager underlined the fact that these high-return stocks are volatile. He noted that on Aug. 5, Nvidia stock traded down to 17 times forward earnings. “These volatile names have the best returns but you have to live with the 35 – 80% drawdowns,” he said.
If Eric Schmidt is right that each hyperscaler has to spend $300B each on over next few years –> Nvidia going to be sold out for next 4 yrs
FY'27 net income = $132B
Priced at 23x now...
If they traded up to 65x forward PE = $8.5T or $340/sh 🤷♂️
See Also:
Why It’s Important: Nvidia has been the flagbearer of the AI revolution ever since the technology came to the forefront with the popularity of Open AI’s ChatGPT chatbot. The Jensen Huang-led company is now enjoying a near monopoly in the market for AI accelerators, given its first-mover advantage and its integrated suite of AI solutions.
That said, analysts have warned that the AI bubble could burst after remaining active for three to five years. Since technology is ever-evolving, who knows, Nvidia could end up spearheading the next technology breakthrough too. Venture Capitalist Peter Thiel said in a recent podcast that but that doesn't distract from it being a “really big deal.”
The entrepreneur expects AI to rearrange the economic, cultural and political structure of our society in extremely dramatic ways.
The immediate test for Nvidia would be its second-quarter results due Wednesday. The company is widely expected to report earnings of 64 cents per share and revenue of $28.46 billion, according to Benzinga Pro data. This compares to the year-ago's 25 cents (split-adjusted) and $13.51 billion, respectively.
In premarket trading on Thursday, Nvidia edged up 0.02% to $128.52, according to Benzinga Pro data.
Read Next:
Nvidia Down About 10% From All-Time Highs: Prominent Trader Says He Has Cashed Out Of The Stock Barely A Week Ahead Of Earnings And Will ‘Decide On Re-entering’ LaterImage Via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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tag:reuters.com,2024:newsml_L4N3K90MB:0 | 7203 | Japan's July crude steel output falls 3.8% on year | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T08:53:33+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3K90MB:0-japan-s-july-crude-steel-output-falls-3-8-on-year/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/reuters.com,2024:newsml_L4N3K90MB:0-japan-s-july-crude-steel-output-falls-3-8-on-year/ | EN | Japan's crude steel output fell 3.8% in July from a year earlier, marking the fifth consecutive monthly decline, due to slow demand from local construction and manufacturing industries, the Japan Iron and Steel Federation said.Crude steel output, which is not seasonally adjusted, dropped to 7.1 mil… | Japan's crude steel output fell 3.8% in July from a year earlier, marking the fifth consecutive monthly decline, due to slow demand from local construction and manufacturing industries, the Japan Iron and Steel Federation said.
Crude steel output, which is not seasonally adjusted, dropped to 7.1 million tonnes in July. Output increased 1.1% from June.
Production in the world's third-biggest steelmaking country has been on a downtrend as demand remained sluggish due to surging material prices, labour shortages in the construction sector and slow automobiles output due to a series of scandals, an analyst at the federation said.
"Exports demand was also weak as overseas steel market has been under pressure due to increased steel exports from China," the analyst added.
Japanese automobile production has been hit by a series of scandals at Toyota Motor's TSE:7203 group firms over botched product certification test procedures that are undermining its reputation for safety and quality.
The Ministry of Economy, Trade and Industry forecast in early July that Japan's crude steel output will fall 0.2% in the July-September quarter from a year earlier due to weak demand in the construction and manufacturing sectors.
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benzinga:4549c7d59094b:0 | MSFT | Midjourney Opens Web Experience To All Amid Controversy Over Unauthorized Use Of Artists' Work | benzinga | https://benzinga.com/ | 2024-08-22T07:15:10+00:00 | https://www.tradingview.com/news/benzinga:4549c7d59094b:0-midjourney-opens-web-experience-to-all-amid-controversy-over-unauthorized-use-of-artists-work/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:4549c7d59094b:0-midjourney-opens-web-experience-to-all-amid-controversy-over-unauthorized-use-of-artists-work/ | EN | AI firm Midjourney has announced that its web experience is now available to everyone, amid ongoing controversy over unauthorized use of artists’ work.What Happened: Midjourney made a public announcement stating that its web experience is now open to everyone and is temporarily offering free trials… | AI firm Midjourney has announced that its web experience is now available to everyone, amid ongoing controversy over unauthorized use of artists’ work.
What Happened: Midjourney made a public announcement stating that its web experience is now open to everyone and is temporarily offering free trials.
In a video posted on X, Midjourney explained how to use the tool on its website. The new website comes after years of being confined to Discord and allowing selective accessibility for an “alpha” website for those who generate a certain number of images.
David Holz, founder of Midjourney, wrote on Discord that the website will allow free trials of up to 25 images. New users can sign up using either their Google or Discord logins and can merge both accounts.
The Midjourney web experience is now open to everyone. We're also temporarily turning on free trials to let you check it out. Have fun!
See Also:
Why It Matters: This announcement comes in the wake of a series of controversies that have plagued the company. Earlier this year, Midjourney was embroiled in a scandal when a, revealing a list of artists whose work was used to train its AI program. This sparked widespread backlash as it included a range of artists, from contemporary and modern blue-chip names to successful illustrators for corporations like Hasbro and Nintendo, even including a six-year-old child.
The controversy escalated when aaccusing Midjourney and other AI firms of unauthorized use of copyrighted works. The companies were alleged to have used a list of over 4,700 artists, including renowned figures like Norman Rockwell and Wes Anderson, to train their generative AI systems to produce artwork.
The AI art generator industry has been under scrutiny, with other companies such as Microsoft Corporation NASDAQ:MSFT and Elon Musk-led xAI’s chatbot Grok also facing criticism. Microsoft launched its AI image generation tool, Microsoft Designer, as a free iOS app, while Grok stirred controversy by generating offensive and bizarre images of political figures and celebrities.
Did You Know?
Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use ToolImage by Wesley Fryer via Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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tag:reuters.com,2024:newsml_L8N3K90BS:0 | 7203 | Siemens picks Toyota's Vanderlande as buyer for logistics unit, sources say | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T07:14:08+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L8N3K90BS:0-siemens-picks-toyota-s-vanderlande-as-buyer-for-logistics-unit-sources-say/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'XETR:SIE', 'base_logoid': 'siemens'}, {'symbol': 'TSE:6201', 'base_logoid': 'toyota-industries'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/reuters.com,2024:newsml_L8N3K90BS:0-siemens-picks-toyota-s-vanderlande-as-buyer-for-logistics-unit-sources-say/ | EN | Siemens XETR:SIE has chosen Toyota's Vanderlande as a buyer for its airport logistics unit Siemens Logistics, three people familiar with the bidding process told Reuters on Thursday.The exact terms are being negotiated and the deal is still pending Siemens' supervisory board approval, two of the so… | Siemens XETR:SIE has chosen Toyota's Vanderlande as a buyer for its airport logistics unit Siemens Logistics, three people familiar with the bidding process told Reuters on Thursday.
The exact terms are being negotiated and the deal is still pending Siemens' supervisory board approval, two of the sources said.
Both Siemens and Vanderlande declined to comment on the matter.
Vanderlande, owned by Japan's Toyota Industries since 2017, is a Dutch producer of luggage conveyor belts and parcel-sorting systems used in more than 600 airports around the world.
It employs 9,000 people and makes 2.2 billion euros ($2.45 billion) in annual sales.
Siemens Logistics is the last among the so-called "portfolio companies" that the German industrial giant has been selling since 2019 to concentrate more on its core business.
It expects proceeds in the lower three-digit million euro range from the sale, according to the company sources.
($1 = 0.8972 euros)
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tag:reuters.com,2024:newsml_L8N3K90B8:0 | 7203 | Siemens picks Toyota's Vanderlande as buyer for logistics unit, sources say | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-22T06:49:00+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L8N3K90B8:0-siemens-picks-toyota-s-vanderlande-as-buyer-for-logistics-unit-sources-say/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'XETR:SIE', 'base_logoid': 'siemens'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/reuters.com,2024:newsml_L8N3K90B8:0-siemens-picks-toyota-s-vanderlande-as-buyer-for-logistics-unit-sources-say/ | EN | Siemens XETR:SIE has chosen Toyota's TSE:7203 Vanderlande as a buyer for its airport logistics unit Siemens Logistics, three people familiar with the bidding process told Reuters on Thursday.The exact terms are being negotiated and the deal is still pending Siemens' supervisory board approval, two… | Siemens XETR:SIE has chosen Toyota's TSE:7203 Vanderlande as a buyer for its airport logistics unit Siemens Logistics, three people familiar with the bidding process told Reuters on Thursday.
The exact terms are being negotiated and the deal is still pending Siemens' supervisory board approval, two of the sources said.
Both Siemens and Vanderlande declined to comment on the matter.
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DJN_DN20240822000160:0 | NVDA | It's Too Soon to Sell Nvidia, Says This Investor. Why She Likes GM and IAC Stock. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-22T05:00:00+00:00 | https://www.tradingview.com/news/DJN_DN20240822000160:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:ANGI', 'base_logoid': 'angi-homeservices'}, {'symbol': 'NASDAQ:CSCO', 'base_logoid': 'cisco'}, {'symbol': 'NYSE:GM', 'base_logoid': 'general-motors'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240822000160:0/ | EN | By Reshma KapadiaSamantha McLemore recently did something she hasn't done in a long time: She attended a value-investing conference.In the age of the Magnificent Seven — a group of high-price technology stocks that has propelled the stock market to new heights — value-investing gatherings, and valu… | By Reshma Kapadia
Samantha McLemore recently did something she hasn't done in a long time: She attended a value-investing conference.
In the age of the Magnificent Seven — a group of high-price technology stocks that has propelled the stock market to new heights — value-investing gatherings, and value investors, have become harder to find. Yet McLemore, the founder and chief investment officer of Patient Capital Management, remains a member of that club, with a penchant for undervalued and unloved stocks that deserve more attention.
McLemore began her investing career in 2002 working for the legendary value investor Bill Miller. Over time, the pair refined their approach to focus on classically cheap stocks and "quality compounders" — companies whose growth prospects were underappreciated by the market. McLemore and Miller co-managed the Miller Value Partners Opportunity Equity strategy for many years, until she bought the strategy last year and renamed it Patient Opportunity Trust (ticker: LGOAX).
The strategy has returned an average annual 10% in the past five years, lagging behind peers as the market charged higher. But the fund's 30% return in the past 12 months has beaten 95% of its peer group, according to Morningstar. Barron's spoke with McLemore before the market's steep selloff in early August, and again on Aug. 20, about why she likes Nvidia, General Motors, and energy stocks, and where she thinks Bitcoin is headed. An edited version of the conversations follows.
Barron's: Is the bull market, especially the bull market in megacap tech stocks, over?
McLemore: For context, markets rise 70% of the time. We are still in a bull market, possibly the later stages of one . If we don't have a recession, where small-cap stocks are sitting now doesn't make sense. As the Federal Reserve cuts interest rates, smaller companies will do better and the market will broaden out. But I don't think technology stocks will go down.
Some of the Magnificent Seven stocks are among the best companies that ever existed if you look at their dominance, competitive advantages, free-cash-flow margins, and return on capital. Alphabet, for example, is trading at a discount to the market multiple after its latest quarterly earnings. That's astounding because it's a great company with great comparative advantages.
What makes you confident that the artificial-intelligence boom isn't a repeat of the late-1990s dot-com bubble — and that Nvidia isn't this cycle's Cisco Systems?
We bought Nvidia when it was trading around 25 times earnings and everyone was worried about the sustainability of earnings and an earnings cliff, likening it to Cisco after the infrastructure buildout of the late 1990s. At the end of the second quarter, Nvidia was trading at 47 times earnings. Cisco peaked at 150 times earnings — and that's not to say Nvidia will get there.
Whether Nvidia can continue to grow its earnings power will [determine the trajectory of the stock]. I don't see much risk in the short term: Meta Platforms, Microsoft, and Alphabet are talking about continuing to grow capital spending next year as the AI data-center buildout continues. Shortages of GPUs [graphic processing units] will continue, especially with the launch of Nvidia's new Blackwell chip later this year.
What will be a signal to sell Nvidia?
It is more valuation-based. We are always looking at scenarios. Nvidia has been crushing every quarter for a year. CEOs want to make the decision to invest more [in AI] rather than getting caught behind. I don't see it ending soon.
We focus on how quickly the company can grow over the long term. We aren't assuming Nvidia sustains [current] operating profit margins of 65%, but rather, low-40% Microsoft-like margins. [CEO] Jensen Huang's vision is to create the platform for accelerated computing, the future of computing. Nvidia has hardware and software elements with a developer base, which should help the durability of its competitive advantage. If it earns 10% a year, it would beat the market. But it's going to be lumpy.
Nvidia is at the forefront of the AI revolution and is capturing most of the profit pool in AI, as of now. In the short term, there are still a lot of fundamental tailwinds in technology and AI. We have to see how it plays out, but everyone is looking for those names.
Which stocks or sectors have been overlooked?
Look at General Motors, trading at four times earnings with a midteens return on capital. Paul Jacobsen, the chief financial officer, was at Delta Air Lines as CFO. He is supercreative and started buying back stock aggressively.
People are worried about the sustainability of the internal-combustion-engine business, but it is still growing. And GM is shrinking shares outstanding by about 17% since the second quarter of 2023. If GM continues to shrink its shares at this pace for the next five years, shares outstanding would decline by 63% and earnings-per-share growth would be 22% higher even if net income is flat.
Where else are you finding opportunities?
Small-cap companies are much more sensitive to rate cuts than large-caps, as they have more floating-rate debt. Thus, they have done worse than large-caps, and expectations are much lower. A lot of the companies trade together, but some have resilient business models with a lot of potential.
We have been adding to IAC. The stock is down 25% since July 2023, despite the massive improvement in the business. IAC is run by some of the world's best capital allocators, Barry Diller and Joey Levin, who have a great long-term record of compounding capital and doing deals that add value.
When you value IAC's 20% stake in MGM Resorts International and [home-improvement resource] Angi, plus cash on the balance sheet, you get a stock price that is a bit higher than the current price [at $51]. But you are getting a lot other businesses — including Dotdash Meredith and Care.com — effectively for free. The stock gets a 20% conglomerate discount. We value all the pieces at about $90 a share.
What is the market missing about IAC?
IAC is beating expectations, but smaller companies are just out of favor and it's a complicated business. IAC bought Meredith, with brands like People and Better Homes & Gardens, at the peak in 2021. They didn't appropriately appreciate where we were in that market cycle, and that it will take time for [the market] to get confidence in the trends in the business. But in the past year, we saw improvements: Dotdash Meredith reached operating profitability in the most recent quarter, and the digital piece of the business is growing at a low-double digit pace.
You own several travel stocks. Are you concerned about consumers pulling back on spending?
We have been [experiencing] the biggest boom in travel ever, but in many instances, the stocks haven't reflected that. Since 2022, people have been concerned that the strength is on the verge of ending. Yet, [travel demand] remains strong. We see the consumer starting to weaken but expect that people will continue to prioritize travel, with most travel companies still seeing strong demand. Supply has grown among airlines, depressing prices. We own Delta Air Lines and United Airlines Holdings, which earn the majority of the industry's profits. It's a better business than the market thinks: Low-cost players are losing money so they will have to cut back — and Delta and United will benefit.
What is the case for Norwegian Cruise Line Holdings?
Norwegian beat earnings expectations on every metric and raised full-year guidance, but the stock fell because the company didn't mention "record booked positions" as it had in every quarter until the latest one. This time, Norwegian said it had "very strong bookings" and saw no weakening in demand into 2025. But the market is extremely sensitive to any sense of deterioration — and the company's debt load also makes it vulnerable on weaker days for the market.
Why aren't you as worried about the debt? Norwegian is targeting a multiple of four times debt to Ebitda [earnings before interest, taxes, depreciation, and amortization] by 2026 and hit its deleveraging goal for the year by the second quarter. It has the capacity to fully withstand a normal recession.
What other beaten-up parts of the market are drawing you in?
Healthcare has been under pressure until recently. We have added to stocks such as Biogen , Illumina , Royalty Pharma , and CVS Health , many of which are less economically sensitive in the event of a recession.
You have also warmed to energy stocks. Why?
Companies are much more disciplined in their spending, earning good returns on capital and generating significant free cash flow, which they historically hadn't.
We are looking for companies mispriced based on where the long-term futures curve for crude is [about mid-$60s for West Texas Intermediate]. Kosmos, a deepwater exploration-and-production company with assets mostly off the coast of Africa and in the Gulf of Mexico, is mispriced at even levels below that.
Kosmos has been on a development splurge, with many of the assets going on-line in the second half of this year. Into next year, capital spending will come down, production will go up, and free cash flow will increase significantly, allowing the company to pay down debt and buy back stock. Many liquefied-natural-gas assets are coming on-line, so this is low-carbon energy with a long reserve life of 20 years. That makes Kosmos an attractive acquisition target. Shares trade around five times earnings. The company is worth 10 to 12 times earnings.
What investment risk is at the top of your list?
Geopolitics. We could have a recession, and markets wouldn't do well. But there are plenty of examples through history, and losses are contained. Some scenarios are far more dire when we think about geopolitical risks with China and nuclear weapons.
How do you deal with these risks? We entered into some agreements that let us hedge certain risks with derivatives such as credit default swaps to lay the groundwork if we think it becomes more important to do something [on that front].
What is your view of Bitcoin, given its volatile history?
[Crypto exchange] Coinbase Global weighed on our returns in 2021 to 2022 as Bitcoin suffered but has been one of our biggest contributors over the past year. I still think of Bitcoin as digital gold. Exchange-traded funds were a big step forward in broadening acceptance, and more companies, although still a small group, are talking about putting Bitcoin on their balance sheets.
There is also a lot of talk about currency debasement, fiscal deficits, and the demand for some way to preserve value. Gold has historically been the top choice, but there are benefits to a digital asset. If Bitcoin is increasingly seen as akin to digital gold, Bitcoin could get to values 10 times the current price. The younger generation is also much more enthusiastic about Bitcoin and crypto. [Former President Donald] Trump appealing to that group increases the likelihood that we will see more movement [in Bitcoin as a digital asset], even if he isn't elected president.
Didn't Bitcoin's wild ride poke holes in the idea of it being gold-like?
No. We are in the very early-stage version of gold. We always knew it would be volatile. But volatility has come down, with each drawdown less than the prior one. To get broad adoption and central-bank usage, we need to see volatility episodes continue to decline over time.
Thanks, Samantha.
Write to Reshma Kapadia at reshma.kapadia@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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tag:reuters.com,2024:newsml_L4N3K81NJ:0 | MSFT | ビッグテック、AIの規制を望む。なぜ彼らはカリフォルニア州のAI法案に反対するのか？ | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T23:29:26+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3K81NJ:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K81NJ:0/ | JA | カリフォルニア州議会は、早ければ今週中にも、カリフォルニア州における人工知能の開発・配備を幅広く規制する法案を採決しようとしている。 ここでは、SB1047として知られるこの法案の背景と、シリコンバレーの技術者や一部の議員からの反発に直面している理由を説明する： 法案の内容は？ スコット・ウィーナー州上院議員（民主党）が提出したこの法案は、開発費が1億ドルを超えるような最先端のAIモデルや、規定の計算能力を必要とするAIの多くに安全性テストを義務付けるというものだ。また、州内で使用されるAIソフトウェアの開発者は、AIモデルに異常が発生した場合にその機能を停止させる方法（事実上のキルスイッチ… | カリフォルニア州議会は、早ければ今週中にも、カリフォルニア州における人工知能の開発・配備を幅広く規制する法案を採決しようとしている。
ここでは、SB1047として知られるこの法案の背景と、シリコンバレーの技術者や一部の議員からの反発に直面している理由を説明する：
法案の内容は？
スコット・ウィーナー州上院議員（民主党）が提出したこの法案は、開発費が1億ドルを超えるような最先端のAIモデルや、規定の計算能力を必要とするAIの多くに安全性テストを義務付けるというものだ。また、州内で使用されるAIソフトウェアの開発者は、AIモデルに異常が発生した場合にその機能を停止させる方法（事実上のキルスイッチ）の概要を説明する必要がある。
法案はまた、開発者が遵守しない場合、特に電力網のような政府システムをAIが乗っ取るような継続的な脅威が発生した場合（(link)）、州司法長官に訴訟を起こす権限を与える。
さらにこの法案は、開発者に第三者監査人を雇い、その安全対策を評価することを義務付け、AIの悪用に反対する内部告発者にさらなる保護を提供する。
議員たちの発言は？
SB1047はすでに上院を32対1で通過した。先週、州議会の予算委員会を通過し、議会全員による投票が行われることになった。8月31日の議会会期末までに可決されれば、9月30日までにギャビン・ニューサム知事が署名または拒否権を行使することになる。
オープンＡＩやこの強力なソフトウェアを開発している新興企業の本拠地であるサンフランシスコの代表を務めるウィーナー氏は、AIの進歩が扱いにくくなったり制御不能になったりする前に、一般市民を保護するために法案が必要だと述べている。
しかし、サンフランシスコ選出のナンシー・ペロシ、シリコンバレーの多くを選挙区とするロー・カンナ、サンノゼ選出のゾーイ・ロフグレンなど、カリフォルニア州選出の民主党議員たちは法案に反対している。
ペロシは今週、SB1047は情報不足であり、益よりも害をもたらすかもしれないと述べた。先週の公開書簡で民主党議員は、この法案は州から開発者を追い出し、いわゆるオープンソースAIモデル（(link)）を脅かす可能性があると述べた。
テック業界のリーダーたちはどう言っているのか？
完全なテキスト、画像、音声でプロンプトに応答したり、最小限の介入で反復タスクを実行したりできるAIを開発しているハイテク企業は、AIのデプロイメントに対してより強力なガードレールを求めている (link)。彼らは、ソフトウェアがいつか人間の介入を回避し、サイバー攻撃を引き起こす危険性などを懸念している。しかし、彼らはSB1047にも難色を示した。
ウィーナーは、アマゾン NASDAQ:AMZNとアルファベット NASDAQ:GOOGが支援するAIスタートアップ、アンソロピックからの意見も参考にしながら、ハイテク企業をなだめるように法案を修正した。他の変更点としては、政府のAI監視委員会の設置を廃止した。
ウィーナーはまた、偽証罪に対する刑事罰も撤廃したが、民事訴訟を起こすことはできる。
アルファベットのグーグルとメタ NASDAQ:METAは、ウィンナーへの書簡で懸念を表明した。メタ社は、この法案がAIの開発と展開に不利な州になる恐れがあると述べた。フェイスブック親会社のチーフ・サイエンティスト、ヤン・ルクンは7月X日の投稿で、この法案は研究努力にとって有害になる可能性があると述べた。
チャットＧＰＴが2022年後半に大々的にリリースされて以来、AI (link) をめぐる熱狂を加速させたとされるオープンＡＩは、AIは連邦政府によって規制されるべきであり、SB 1047は不確実な法的環境を生み出すと述べている。
ウィンナー氏に宛てた書簡の中でオープンＡＩは、SB1047はAIの成長を脅かすものであり、起業家やエンジニアが州を離れてしまう可能性があるため反対すると述べている。
特に懸念されるのは、法案がオープンソースのAIモデルに適用される可能性だ。多くの技術者は、オープンソースモデルはリスクの少ないAIアプリケーションをより迅速に作成するために重要だと考えているが、メタなどは、法案が可決されればオープンソースモデルを取り締まる責任を負わされる可能性があると懸念している。ウィーナーはオープンソースモデルを支持すると述べており、法案の最近の修正案のひとつでは、オープンソースモデルがその規定の対象となる基準を引き上げた。
また、この法案にはテクノロジー業界の支持者もいる。AIのゴッドファーザー」として広く知られるジェフリー・ヒントン、オープンＡＩの元社員ダニエル・ココタジロ、研究者のヨシュア・ベンジオらが法案を支持すると表明している。
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tag:reuters.com,2024:newsml_L1N3K815N:0 | MSFT | Big Tech wants AI to be regulated. Why do they oppose a California AI bill? | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T23:29:18+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3K815N:0-big-tech-wants-ai-to-be-regulated-why-do-they-oppose-a-california-ai-bill/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L1N3K815N:0-big-tech-wants-ai-to-be-regulated-why-do-they-oppose-a-california-ai-bill/ | EN | California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.Here is background on the bill, known as SB 1047, and why it has faced b… | California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.
Here is background on the bill, known as SB 1047, and why it has faced backlash from Silicon Valley technologists and some lawmakers:
WHAT DOES THE BILL DO?
Advanced by State Senator Scott Wiener, a Democrat, the proposal would mandate safety testing for many of the most advanced AI models that cost more than $100 million to develop or those that require a defined amount of computing power. Developers of AI software operating in the state would also need to outline methods for turning off the AI models if they go awry, effectively a kill switch.
The bill would also give the state attorney general the power to sue if developers are not compliant, particularly in the event of an ongoing threat, such as the AI taking over government systems like the power grid.
As well, the bill would require developers to hire third-party auditors to assess their safety practices and provide additional protections to whistleblowers speaking out against AI abuses.
WHAT HAVE LAWMAKERS SAID?
SB 1047 has already passed the state Senate by a 32-1 vote. Last week it passed the state Assembly appropriations committee, setting up a vote by the full Assembly. If it passes by the end of the legislative session on Aug. 31, it would advance to Governor Gavin Newsom to sign or veto by Sept. 30.
Wiener, who represents San Francisco, home to OpenAI and many of the startups developing the powerful software, has said legislation is necessary to protect the public before advances in AI become either unwieldy or uncontrollable.
However, a group of California Congressional Democrats oppose the bill, including San Francisco’s Nancy Pelosi; Ro Khanna, whose congressional district encompasses much of Silicon Valley; and Zoe Lofgren, from San Jose.
Pelosi this week called SB 1047 ill-informed and said it may cause more harm than good. In an open letter last week, the Democrats said the bill could drive developers from the state and threaten so-called open-source AI models, which rely on code that is freely available for anyone to use or modify.
WHAT DO TECH LEADERS SAY?
Tech companies developing AI - which can respond to prompts with fully formed text, images or audio as well as run repetitive tasks with minimal intervention – have called for stronger guardrails for AI’s deployment. They have cited risks that the software could one day evade human intervention and cause cyberattacks, among other concerns. But they also largely balked at SB 1047.
Wiener revised the bill to appease tech companies, relying in part on input from AI startup Anthropic - backed by Amazon NASDAQ:AMZN and Alphabet NASDAQ:GOOG. Among other changes, he eliminated the creation of a government AI oversight committee.
Wiener also took out criminal penalties for perjury, though civil suits may still be brought.
Alphabet’s Google and Meta NASDAQ:META have expressed concerns in letters to Wiener. Meta said the bill threatens to make the state unfavorable to AI development and deployment. The Facebook parent’s chief scientist, Yann LeCun, in a July X post called the bill potentially harmful to research efforts.
OpenAI, whose ChatGPT is credited with accelerating the frenzy over AI since its broad release in late 2022, has said AI should be regulated by the federal government and that SB 1047 creates an uncertain legal environment.
In a letter to Wiener, OpenAI said it opposes SB 1047 because it is a threat to AI's growth and could cause entrepreneurs and engineers to leave the state.
Of particular concern is the potential for the bill to apply to open-source AI models. Many technologists believe open-source models are important for creating less risky AI applications more quickly, but Meta and others have fretted that they could be held responsible for policing open-source models if the bill passes. Wiener has said he supports open-source models and one of the recent amendments to the bill raised the standard for which open-sourced models are covered under its provisions.
The bill also has its backers in the technology sector. Geoffrey Hinton, widely credited as a “godfather of AI,” former OpenAI employee Daniel Kokotajlo and researcher Yoshua Bengio have said they support the bill.
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barchart:826d00b56094b:0 | NVDA | Is Nvidia Still the Best AI Stock to Buy Now? | barchart | https://www.barchart.com/ | 2024-08-21T22:47:09+00:00 | https://www.tradingview.com/news/barchart:826d00b56094b:0-is-nvidia-still-the-best-ai-stock-to-buy-now/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'OTC:BYDDY', 'base_logoid': 'byd-electronic'}, {'symbol': 'NYSE:XPEV', 'base_logoid': 'xpeng'}, {'symbol': 'NASDAQ:LCID', 'base_logoid': 'lucid-group'}] | /news/barchart:826d00b56094b:0-is-nvidia-still-the-best-ai-stock-to-buy-now/ | EN | Semiconductor giant Nvidia NASDAQ:NVDA has established itself as a technology leader, with a strong presence in several high-growth markets. Its stock has rewarded investors handsomely over the years, and the company's future prospects remain promising, thanks to its leadership in artificial intell… | Semiconductor giant Nvidia NASDAQ:NVDA has established itself as a technology leader, with a strong presence in several high-growth markets. Its stock has rewarded investors handsomely over the years, and the company's future prospects remain promising, thanks to its leadership in , gaming, and data centers. While many viable players exist, Nvidia's high-performance GPUs have propelled it to the forefront.
Nvidia stock, valued at $3.13 trillion, has over the last decade. So far this year, the stock has risen 159.5%, crushing the S&P 500 Index's CBOE:SPX gain of 17.8%. Given the stock's meteoric rise, Nvidia announced a 10-for-1 forward stock split, which took effect June 7, to make its shares more accessible to employees and investors.
The company will release its second-quarter results on Aug. 28, and Wall Street believes this extraordinary stock has more upside potential. Let's see if now is a good time to buy the stock before it soars even higher.
There's No Stopping Nvidia’s Growth
Nvidia GPUs are the foundation of AI workloads, making them indispensable in data centers. The company's A100 and H100 GPUs are widely regarded as the best in their class for AI processing. Nvidia's Data Center segment accounted for approximately 87% of total revenue in the first quarter, as the segment's revenue increased by 427% year-over-year (YoY).
Revenue from its other segments, Gaming and Professional Visualization, increased by 18% and 45%, respectively. Total revenue of $26 billion surged 262% from the prior-year quarter. Also, adjusted earnings per share (EPS) increased by 461% to $0.61 during the quarter.
Nvidia is also making progress in the autonomous vehicle (AV) sector, offering AI-powered platforms such as NVIDIA DRIVE. The platform is being used by major automakers and startups to develop self-driving cars.
Notably, EV manufacturers, including GAC's AION Hyper, Nuro, BYD OTC:BYDDY, XPENG NYSE:XPEV, and others have selected Nvidia's Drive Thor platform. Furthermore, Lucid NASDAQ:LCID and IM Motors, EV makers in the United States and China, are using Nvidia's Drive Orin platform. The Automotive segment, which is still in its early stages, grew 11% in the quarter, but has significant long-term potential as the adoption of AV technology grows.
Nvidia’s CEO, Jensen Huang, stated, “The next industrial revolution has begun — companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center — AI factories — to produce a new commodity: artificial intelligence.”
Management believes the company is ready for the next wave of growth now that the Blackwell platform, which is expected to power a new era of AI computing, should hit its full stride in 2025, with further comments and color on reported production delays expected on the upcoming earnings call. Furthermore, management expects Spectrum-X to open up a completely new market for the company, alongside its new software offering, NVIDIA NIM.
Despite its aggressive expansion plans, Nvidia's asset-light model means that it has a sturdy balance sheet, with a cash balance (cash, cash equivalents, and marketable securities) of $31.4 billion at the end of the first quarter. Its debt-to-equity ratio is also low, at 0.17. It also generated a positive free cash flow balance of $14.9 billion in Q1.
Nvidia will release its second-quarter fiscal 2025 results on Aug. 28. Management expects a revenue increase of 107.2% (plus or minus 2%) to $28 billion. Similarly, analysts anticipate revenue in the same range, with earnings per share of $0.64 for the quarter.
Over the next two years, analysts are looking for fiscal 2025 revenue and earnings to increase by 98.3% and 110.9%, respectively, with fiscal 2026 revenue and earnings expected to increase by 38.5% and 39.3%, respectively.
Nvidia's future looks promising, with numerous growth opportunities ahead. The continued adoption of AI across industries is expected to increase demand for its GPUs. Furthermore, its investments in the gaming, autonomous vehicle, and professional visualization markets solidify the company's long-term prospects.
What Does Wall Street Say About Nvidia Stock?
Recently, Susquehanna analyst Christopher Rolland reiterated a "buy" rating on NVDA stock, citing the company's financial health and market position, as well as strong demand in the AI market. Rolland has a $160 target price for the stock.
Furthermore, HSBC analysts just raised the target price for Nvidia stock from $135 to $145, with a "buy" rating. The firm believes that Nvidia will exceed its sales projections for the remaining quarters of fiscal 2025.
Overall, on Wall Street, NVDA has a “strong buy” rating. Out of the 39 analysts in coverage, 34 have a “strong buy” recommendation, with two “moderate buy” ratings and three “hold” ratings. Based on the average analyst target price of $141.65, the stock could rise 10.2% from current levels. Its Street-high estimate of $200 indicates an upside potential of 55.6% over the next 12 months.
The Bottom Line on Nvidia Stock
Currently, Nvidia stock trades at 46 times forward fiscal 2025 estimated earnings, compared to its five-year historical average price-to-earnings ratio of 69.3x.
While Nvidia appears to be trading at a premium, the company's growth prospects extend beyond AI. In March, Jim Cramer, host of CNBC's Mad Money, stated that he believes Nvidia will “create the next industrial revolution.” For a $3 trillion market cap company with a solid balance sheet and a plethora of resources, I believe Nvidia can find exciting opportunities in any new trends that emerge in the future, boosting its revenue prospects. All things considered, Nvidia remains a top AI stock to buy now.
On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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AA1pcPZH | 7203 | 米ＥＶ市場で気を吐くスバルとトヨタ、根強いファン層と信頼が強み | Bloomberg | https://www.bloomberg.com/ | 2024-08-21T21:30:54+00:00 | https://www.msn.com/ja-jp/money/other/米ｅｖ市場で気を吐くスバルとトヨタ-根強いファン層と信頼が強み/ar-AA1pcPZH | null | null | https://www.bloomberg.co.jp/news/articles/2024-08-21/SIKLCGT0AFB400 | null | 米国の電気自動車（ＥＶ）市場で、ＳＵＢＡＲＵ（スバル）の「ソルテラ」とトヨタ自動車の「ｂＺ４Ｘ」が販売を伸ばしている。 | （ブルームバーグ）： 米国の電気自動車（ＥＶ）市場で、ＳＵＢＡＲＵ（スバル）の「ソルテラ」とトヨタ自動車の「ｂＺ４Ｘ」が販売を伸ばしている。
コックス・オートモーティブによると、４－６月（第２四半期）の販売台数はソルテラが前年同期比およそ３倍の4200台、ｂＺ４Ｘは同約４倍の7600台となった。米国市場への投入はソルテラが2023年初頭、ｂＺ４Ｘが2022年末だ。
米国ではＥＶ需要が減速していると言われる。だが４－６月のデータは、好きなブランドからのＥＶモデル発売まで待っている消費者層をスバルとトヨタがうまく取り込んでいることを示唆している。
ＥＶ販売台数ではテスラが依然として王者に君臨している。４－６月の販売台数は世界で44万4000台。前年同期比4.8％減となったものの、依然として競合他社とは大きな差がある。コックスによると、米ＥＶ市場でのテスラのシェアは初めて50％を割り込んだが、それでも販売台数は16万4000台に上る。
ＥＶに乗りたいと思いながらも、好きなメーカーがＥＶモデルを発売するまで乗り換えを控えていたドライバーがより多く存在することを示す一定の証拠もある。スバルとトヨタはともに業界でも特に忠実なファン層を持ち、オーナー満足度、信頼性、中古車価格のランキングで常にトップか、それに近い位置にある。
トヨタのマーケティング・コミュニケーション担当バイスプレジデント、ジェフ・ブキャナン氏によると、ｂＺ４Ｘ所有者の３分の２はＥＶを初めて購入した層で、約半数はすでにトヨタ車に乗っていた。トヨタは1997年のハイブリッド車「プリウス」発売以降に築いてきた環境配慮への評価が強みとなっており、新しいテクノロジーに関しては、消費者は「選択するブランドに安心感を持ちたい」と考えていると同氏は話した。
原題：Subaru’s Solterra and Toyota’s bZ4X Climb the US EV Sales Charts（抜粋）
More stories like this are available on bloomberg.com
©2024 Bloomberg L.P. | stocks | article | トヨタ自動車株式会社 | msn_money |
DJN_DN20240821009773:0 | MSFT | Microsoft Changes Segment Structure, Updates Outlooks | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-21T21:27:00+00:00 | https://www.tradingview.com/news/DJN_DN20240821009773:0-microsoft-changes-segment-structure-updates-outlooks/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/DJN_DN20240821009773:0-microsoft-changes-segment-structure-updates-outlooks/ | EN | By Connor HartMicrosoft rearranged the structure of some of its business units and updated revenue outlooks for those segments to account for the changes.Among the changes announced Wednesday, the Redmond, Wash., tech giant said it brought revenue from the commercial components of Microsoft 365 tog… | By Connor Hart
Microsoft rearranged the structure of some of its business units and updated revenue outlooks for those segments to account for the changes.
Among the changes announced Wednesday, the Redmond, Wash., tech giant said it brought revenue from the commercial components of Microsoft 365 together under its Productivity and Business Processes segment.
It also moved revenue from its Copilot Pro artificial-intelligence productivity tool to its More Personal Computing segment, included under search and news advertising. Copilot Pro was housed in its Productivity and Business Processes segment, where it was included under Office Consumer products and cloud services.
Other changes include moving Nuance Enterprise revenue to its Productivity and Business Processes segment from the Intelligent Cloud segment, and switching to reporting Windows and Devices revenue together.
Microsoft also updated its first-quarter fiscal 2025 outlook for the restructured segments.
As a result of these changes, the company now expects fiscal 2025 first-quarter revenue from its Productivity and Business Processes segment of between $27.75 billion and $28.05 billion, compared with a prior projection of $20.3 billion-$20.6 billion.
Revenue from its Intelligent Cloud segment is forecast between $23.8 billion and $24.1 billion, compared with a prior outlook for $28.6 billion-$28.9 billion. More Personal Computing revenue is now expected to be between $12.25 billion and $12.65 billion, compared with previous estimate of $14.9 billion-$15.3 billion.
Write to Connor Hart at connor.hart@wsj.com
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urn:newsml:mtnewswires.com:20240821:A3209190:0 | MSFT | Microsoft Updates Fiscal Q1 Revenue Guidance | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-21T21:15:44+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240821:A3209190:0/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/mtnewswires.com:20240821:A3209190:0/ | EN | Microsoft NASDAQ:MSFT said Wednesday it now expects fiscal Q1 intelligent cloud revenue between $23.80 billion and $24.10 billion, compared with its prior outlook range of $28.6 billion to $28.9 billion. The technology giant now projects fiscal Q1 more personal computing revenue at $12.25 billion t… | Microsoft NASDAQ:MSFT said Wednesday it now expects fiscal Q1 intelligent cloud revenue between $23.80 billion and $24.10 billion, compared with its prior outlook range of $28.6 billion to $28.9 billion.
The technology giant now projects fiscal Q1 more personal computing revenue at $12.25 billion to $12.65 billion, versus its prior expectations of between $14.9 billion and $15.3 billion, according to an investor presentation.
Fiscal Q1 productivity and business processes revenue is now seen between $27.75 billion and $28.05 billion, compared with the prior range of $20.30 billion to $20.6 billion, Microsoft said.
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tag:reuters.com,2024:newsml_L4N3K81FG:0 | MSFT | マイクロソフト、事業部門の報告書を再編、AIの利点を明確に | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T20:38:36+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3K81FG:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K81FG:0/ | JA | マイクロソフト NASDAQ:MSFTは水曜日、事業部門の業績報告方法を再編成し、検索とニュース広告収入の一部をクラウドコンピューティング部門Azureの下に移した。 同社 NASDAQ:MSFTは、同社の ニュアンス部門が提供するAIと音声技術サービスからの収益は、インテリジェントクラウド部門ではなく、Officeスイートアプリの本拠地である生産性事業の下に 入ると述べた。 この再編成により、マイクロソフトは報告構造を自社の事業管理方法に合わせることができるようになるという。 その結果、同社は昨年度の各部門の収益成長率を再表示し、7-9月期の業績予想を修正した。 マイクロソフトやグーグ… | マイクロソフト NASDAQ:MSFTは水曜日、事業部門の業績報告方法を再編成し、検索とニュース広告収入の一部をクラウドコンピューティング部門Azureの下に移した。
同社 NASDAQ:MSFTは、同社の ニュアンス部門が提供するAIと音声技術サービスからの収益は、インテリジェントクラウド部門ではなく、Officeスイートアプリの本拠地である生産性事業の下に 入ると述べた。 この再編成により、マイクロソフトは報告構造を自社の事業管理方法に合わせることができるようになるという。
その結果、同社は昨年度の各部門の収益成長率を再表示し、7-9月期の業績予想を修正した。
マイクロソフトやグーグルを含む大手ハイテク企業は、AIインフラに投資してきた数十億ドルが報われることを示すよう、投資家からのプレッシャーに直面している 。
マイクロソフトは、四半期決算でAIへの貢献を明らかにしている数少ない大企業のひとつである。
ウィンドウズ・メーカーであるマイクロソフトは先月、ビジネス全体が減速するなかでも、AIが6月期のAzureをさらに押し上げたと報告した。マイクロソフトは、2025年度後半にAzureの成長が加速すると予想している。
同社は、インテリジェントクラウドの売上高を、事前の予想286億ドルから289億ドルに対し、第1四半期は238億ドルから241億ドルと予想している。
パーソナル・コンピューティング部門の四半期売上高は、149億ドルから153億ドルという従来の予想に対し 、122.5億ドルから126.5億ドルとなる見込み。
生産性・ビジネスプロセス部門の売上高は、 従来の203億ドルから206億ドルに対し、277億5,000万ドルから280億5,000万ドルとなる 見込み。
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tag:reuters.com,2024:newsml_L4N3K81F9:0 | MSFT | Microsoft cuts first-quarter forecast for intelligent cloud revenue | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T20:38:32+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3K81F9:0-microsoft-cuts-first-quarter-forecast-for-intelligent-cloud-revenue/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K81F9:0-microsoft-cuts-first-quarter-forecast-for-intelligent-cloud-revenue/ | EN | Microsoft NASDAQ:MSFT on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor presentation. The company reported slowing growth in its cloud business in July even after the tech giant spent billions of dollars in artificial intelligence to upgrade its… | Microsoft NASDAQ:MSFT on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor presentation.
The company reported slowing growth in its cloud business in July even after the tech giant spent billions of dollars in artificial intelligence to upgrade its products and services.
The company said cloud and AI-related capital spending would take up nearly all of its expenditures. Microsoft said cloud growth would accelerate in the second half of fiscal 2025.
The company now expects intelligent cloud revenue to be between $23.80 billion and $24.10 billion, compared with its prior expectations of $28.6 billion and $28.9 billion.
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DJN_DN20240821009190:0 | NVDA | Billionaire Eric Schmidt Triggered a Controversy. But First He Weighed In on Nvidia and AI. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-21T20:37:00+00:00 | https://www.tradingview.com/news/DJN_DN20240821009190:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240821009190:0/ | EN | By Tae KimThis article is from the free weekly Barron's Tech email newsletter. Sign up here to get it delivered directly to your inbox.AI Liftoff. Hi everyone. There's been significant buzz about Eric Schmidt's unfiltered thoughts on remote work. The former Google CEO told a class at Stanford that… | By Tae Kim
This article is from the free weekly Barron's Tech email newsletter. Sign up here to get it delivered directly to your inbox.
AI Liftoff. Hi everyone. There's been significant buzz about Eric Schmidt's unfiltered thoughts on remote work. The former Google CEO told a class at Stanford that Google was losing the AI race to start-ups because the company decided work-life balance and being able to work from home was "more important than winning." A video of the comments, which were made in April, was published online last week.
After media outlets picked up on the video, Schmidt walked back the comments and told The Wall Street Journal that he misspoke about Google's work hours. The online video was taken down.
It's too bad, because Schmidt had important things to say about the future of AI. And he's well placed to know. As an active investor in AI start-ups, with connections to senior tech executives, investors, and government officials, Schmidt is plugged in on the latest advancements in the sector. Meanwhile, his time as CEO — he led the company now known as Alphabet from 2001 to 2011 — gave him a catbird seat as the internet became a cultural and economic phenomenon.
Today, Schmidt has a net worth of $24 billion, according to Forbes. He's no longer affiliated with Google.
Here are the four key points from Schmidt that got lost amid the work-from-home noise:
AI agents are coming. Schmidt said "extremely powerful" AI agents that can take simple directions and generate complicated output will soon be available. He said the agents would be able to read through chemistry texts and discover how chemistry works, giving them abilities to understand other concepts.
Schmidt also said users would be able to instruct an AI model to make a copy of TikTok and produce an app that imitates its functionality. "Imagine that each and every human on the planet has their own programmer that actually does what they want as opposed to the programmers that work for me who don't do what I ask," Schmidt said.
Making the top AI models is going to cost a lot of money. "I'm talking to the big companies and the big companies are telling me that they need $10 billion, $20 billion, $50 billion, $100 billion," he said. Schmidt said OpenAI's Sam Altman told him it's going to take $300 billion to build out the required AI infrastructure. Canada is a key ally. With hundreds of billions of dollars going into AI data centers, the amount of energy and electricity required remains underestimated. Schmidt said he told the White House the U.S. needs to "become best friends" with Canada because the country has a lot of hydropower. It's unlikely the U.S. will work with the Middle East due to national security concerns, he added.
Nvidia wins. Schmidt said the chip maker will dominate the next wave of AI spending because the most important AI frameworks and libraries are optimized to run on Nvidia's CUDA platform, and there are no comparable alternatives. "If $300 billion is all going to go to Nvidia, you know what to do in the stock market," Schmidt said.
This Week in Barron's Tech
AMD Stock Gains Again. Wall Street Has Questions About ZT Systems Deal. Nvidia Stock Gaining. The Earnings Bar Is Being Set. Analog Devices Stock Pops on Strong Earnings BofA's 15 Stocks for the End of the AI Trade 4 Hidden Stocks to Play the AI Data-Center Megatrend Write to Tae Kim at tae.kim@barrons.com or follow him on X at @firstadopter.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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tag:reuters.com,2024:newsml_L1N3K80XV:0 | NVDA | Column: Nvidia has more friends than Facebook in cases at US Supreme Court | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T20:36:51+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3K80XV:0-column-nvidia-has-more-friends-than-facebook-in-cases-at-us-supreme-court/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}] | /news/reuters.com,2024:newsml_L1N3K80XV:0-column-nvidia-has-more-friends-than-facebook-in-cases-at-us-supreme-court/ | EN | For securities class action defendants at the U.S. Supreme Court, calamity is always imminent.In case after case, businesses and their backers routinely warn the justices that unless they tighten standards and make it harder for investors to prevail, plaintiffs' lawyers will flood the courts with d… | For securities class action defendants at the U.S. Supreme Court, calamity is always imminent.
In case after case, businesses and their backers routinely warn the justices that unless they tighten standards and make it harder for investors to prevail, plaintiffs' lawyers will flood the courts with dubious class actions whenever a company’s share price declines.
That was certainly true earlier this year when both chipmaker Nvidia NASDAQ:NVDA and Meta Platforms' NASDAQ:META subsidiary Facebook asked the Supreme Court to grant review of decisions by the 9th U.S. Circuit Court of Appeals that allowed shareholders to proceed with fraud class actions.
Though their cases present quite idiosyncratic facts, the two companies, as I’ve told you, both argued that the 9th Circuit improperly lowered the high pleading standard for shareholder suits. The Supreme Court will presumably use the two cases to clarify that standard.
Both Nvidia and Facebook filed their opening merits briefs earlier this month. Both, predictably, asserted that the issues they have presented to the court have implications far beyond their particular cases.
Facebook’s case revolves around risk disclosure. The 9th Circuit allowed investors to proceed with their theory that the company’s 2016 annual filing to the U.S. Securities and Exchange Commission was fraudulent because even though Facebook warned in its “risk factor” disclosures that third parties might misuse data collected from Facebook customers, the company did not reveal that Cambridge Analytica had already done so.
Facebook’s Supreme Court counsel from Paul, Weiss, Rifkind, Wharton & Garrison argued in their Aug. 9 brief that the Supreme Court must confirm that companies are not required to include past events in forward-looking risk disclosures. Otherwise, Facebook said, businesses will be forced to lard up their disclosures to the point that they’re useless to investors — or else face "gotcha" class actions alleging inadequate risk disclosures.
Nvidia, represented by Hogan Lovells, contends in its Aug. 13 brief that the 9th Circuit erred by allowing shareholders to cite an expert witness report in a class action accusing the company of misrepresenting its dependence on the volatile crypto mining industry in 2017 and 2018. In Nvidia’s telling, shareholders hired an economics expert to estimate Nvidia’s sales to crypto miners, then relied on the expert’s analysis — rather than actual internal Nvidia documents — to allege the falsity and fraudulent intent of the company’s statements.
Like Facebook, Nvidia argued that shareholder lawyers will be emboldened to file meritless class actions unless the Supreme Court overturns the 9th Circuit’s decision.
So how worried are other businesses about the issues presented in the Nvidia and Facebook cases?
Friend-of-the-court briefs can be a rough proxy for corporate concern, so I’ve been tracking amicus filings in the Supreme Court dockets for the Nvidia and Facebook cases. The final tally: Nvidia received amicus backing from seven pro-business groups; Facebook attracted support from four.
That doesn't necessarily mean potential corporate defendants are more afraid of shareholder class actions that rely on expert witness reports than of securities litigation based on the failure to disclose the risk of past events. But since the briefing schedules in the two cases are quite similar, it’s fun to compare who showed up in which.
The U.S. Chamber of Commerce, the Washington Legal Foundation and the Securities Industry and Financial Markets Association made appearances in both cases, echoing warnings from Nvidia and Facebook about unwarranted shareholder litigation unless the Supreme Court reins in the 9th Circuit.
In Nvidia, those three groups were joined by the National Association of Manufacturers and the National Retail Federation in a single amicus brief. In Facebook, the Chamber and SIFMA teamed up, but the Washington Legal Foundation filed its own brief.
Facebook also got backing from the Society for Corporate Governance, which told the Supreme Court that investors will be worse off if companies must defensively list every past event with future consequences in their risk disclosures.
In the Nvidia case, the Atlantic Legal Foundation and The Digital Chamber filed solo briefs, each arguing that the Supreme Court should not countenance the use of an expert witness report to meet pleading standards for securities class action claims. The Digital Chamber said that concern is especially acute for cutting-edge crypto companies, “where the relative unknown can be spun by opportunistic plaintiffs and their experts into fraud-by-hindsight allegations.”
Facebook, meanwhile, got amicus backing from a bigger array of law professors than Nvidia. Eight academics and former SEC officials filed a joint brief arguing that the 9th Circuit’s decision undermines the SEC’s recent efforts to help investors distinguish between material risks and overly cautious, litigation-driven disclosures.
Only one law professor, Joseph Grundfest of Stanford University, filed an amicus brief in the Nvidia case. Grundfest argued, with his trademark verve, that expert reports are opinions, not facts, so under the law governing private securities litigation, cannot be the basis of shareholder fraud complaints.
“This case can be resolved with one of the shorter opinions in recent Supreme Court history,” Grundfest argued.
Nvidia counsel Neal Katyal of Hogan Lovells, Facebook counsel Kannon Shanmugam of Paul Weiss and Facebook shareholders’ counsel Kevin Russell of Goldstein, Russell & Woofter all declined to comment on the amicus filings in support of the companies.
Deepak Gupta of Gupta Wessler, who represents Nvidia shareholders, sent an email statement. “The corporate bar has long sought to roll back the rights of investors and shareholders, so it's no surprise to see these amicus briefs,” Gupta said. “The plaintiffs here provided specific allegations about how the company and its CEO hid their reliance on the unstable crypto mining market. We look forward to arguing before the U.S. Supreme Court to protect investors’ access to justice.”
Read more:
In Nvidia and Meta cases, Supreme Court will review shareholder class action dismissal rules
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tag:reuters.com,2024:newsml_L4N3K81F7:0 | MSFT | マイクロソフト、第1四半期のインテリジェント・クラウド売上高予想を下方修正 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T20:34:13+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3K81F7:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K81F7:0/ | JA | マイクロソフト NASDAQ:MSFTは水曜日、第1四半期のインテリジェント・クラウドの見通しを下方修正した。 同社は現在、インテリジェント・クラウドの売上高を、従来の286億ドルから289億ドルの予想から、238億ドルから241億ドルになると予想している。 | マイクロソフト NASDAQ:MSFTは水曜日、第1四半期のインテリジェント・クラウドの見通しを下方修正した。
同社は現在、インテリジェント・クラウドの売上高を、従来の286億ドルから289億ドルの予想から、238億ドルから241億ドルになると予想している。
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tag:reuters.com,2024:newsml_L4N3K81F6:0 | MSFT | Microsoft cuts first-quarter intelligent cloud revenue forecast | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T20:34:11+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3K81F6:0-microsoft-cuts-first-quarter-intelligent-cloud-revenue-forecast/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K81F6:0-microsoft-cuts-first-quarter-intelligent-cloud-revenue-forecast/ | EN | Microsoft NASDAQ:MSFT on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor presentation. The company now expects intelligent cloud revenue to be between $23.80 billion and $24.10 billion, compared with its prior expectations of $28.6 billion and $2… | Microsoft NASDAQ:MSFT on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor presentation.
The company now expects intelligent cloud revenue to be between $23.80 billion and $24.10 billion, compared with its prior expectations of $28.6 billion and $28.9 billion.
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benzinga:20f1dec9a094b:0 | QQQ | Dollar Falls As Fed Minutes Cement September Rate Cut; Bitcoin Rallies, Gold Miners Jump To 16-Month High | benzinga | https://benzinga.com/ | 2024-08-21T19:55:09+00:00 | https://www.tradingview.com/news/benzinga:20f1dec9a094b:0-dollar-falls-as-fed-minutes-cement-september-rate-cut-bitcoin-rallies-gold-miners-jump-to-16-month-high/ | null | [{'symbol': 'AMEX:UUP', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:XLB', 'base_logoid': 'sector/materials'}, {'symbol': 'AMEX:XME', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:GDX', 'base_logoid': 'vaneck'}] | /news/benzinga:20f1dec9a094b:0-dollar-falls-as-fed-minutes-cement-september-rate-cut-bitcoin-rallies-gold-miners-jump-to-16-month-high/ | EN | Minutes from the July Federal Open Market Committee (FOMC) meeting have further solidified investors’ expectations for a rate cut at the upcoming September meeting, as policymakers highlighted continued progress in disinflation.The U.S. dollar index, as closely tracked by the Invesco DB USD Index B… | Minutes from the July Federal Open Market Committee (FOMC) meeting have further solidified investors’ expectations for a rate cut at the upcoming September meeting, as policymakers highlighted
The U.S. dollar index, as closely tracked by the Invesco DB USD Index Bullish Fund ETF AMEX:UUP, extended losses to a negative 0.3% for the day as of 3:40 p.m. ET, eyeing its fourth consecutive session of losses, driven by rising expectations of Fed rate cuts.
The minutes revealed that some participants had considered the “plausible case” for lowering rates as early as the July meeting, a sentiment echoed by Fed Chair Jerome Powell during the subsequent press conference.
The vast majority of participants noted that, if incoming data aligned with expectations, “it would likely be appropriate to ease policy at the next meeting.”
“Participants judged that recent data had increased their confidence that inflation was moving sustainably toward 2 percent,” the minutes stated.
Participants also agreed that labor market conditions were coming into better balance and that indicators tracking jobless claims and job separations deserved close attention going forward.
Moreover, the moderation in the labor market is expected to continue contributing to disinflation, particularly in core nonhousing services prices.
The path seems set for a rate cut in September, with Fed funds futures markets assigning a 61.5% probability for a 25-basis-point cut, compared to a 38% chance of a more significant 50-basis-point cut.
The probability of a more aggressive half-point rate cut surged during Wednesday’s session, influenced by a downward revision in annual nonfarm payroll estimates through March 2024 and supported by the FOMC minutes.
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Market Reactions
Wall Street had a minimal reaction to the minutes, with indices broadly holding their session gains.
The SPDR S&P 500 ETF Trust AMEX:SPY, tracking the S&P 500 Index, was up by 0.4%, mostly unchanged after the minutes.
The tech-heavy Nasdaq 100, as monitored through the Invesco QQQ Trust NASDAQ:QQQ, also showed a similar behavior, holding up a 0.5% gain for the day.
Sector-wise, materials extended their gains following the release of the minutes, with the Materials Select Sector SPDR Fund AMEX:XLB rising 1.2% for the session.
Gold prices inched higher to $2,515 per ounce, fueling a surge in mining-related industries.
The SPDR S&P Metals & Mining ETF AMEX:XME rose 0.4% after the minutes, pushing session gains to 1.9%. The VanEck Gold Miners ETF AMEX:GDX rose by about 0.5%, on track to secure its fifth straight session of gains, and reaching levels last seen in April 2022.
In the cryptocurrency market, Bitcoin spiked 1.4% in the hour post minutes, extending daily gains to 3%
Read now:
Image created using artificial intelligence via Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:9fe32cf55094b:0 | QQQ | Why ARKK Stalled As QQQ Took Off: Harsh Lessons Over Past 5 Years | benzinga | https://benzinga.com/ | 2024-08-21T19:42:57+00:00 | https://www.tradingview.com/news/benzinga:9fe32cf55094b:0-why-arkk-stalled-as-qqq-took-off-harsh-lessons-over-past-5-years/ | null | [{'symbol': 'AMEX:ARKK', 'base_logoid': 'ark-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:ROKU', 'base_logoid': 'roku'}, {'symbol': 'NASDAQ:COIN', 'base_logoid': 'coinbase'}, {'symbol': 'NYSE:RBLX', 'base_logoid': 'roblox'}, {'symbol': 'NYSE:SQ', 'base_logoid': 'block'}, {'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:ZM', 'base_logoid': 'zoom-video-communications'}, {'symbol': 'NYSE:TDOC', 'base_logoid': 'teladoc-health'}] | /news/benzinga:9fe32cf55094b:0-why-arkk-stalled-as-qqq-took-off-harsh-lessons-over-past-5-years/ | EN | Cathie Wood‘s ARK Innovation ETF AMEX:ARKK was once the darling of the market, boasting bold bets on disruptive technologies and promising massive returns. Yet, over the past five years, it’s been more like a rollercoaster with no brakes—compared to the smooth ride offered by the Invesco QQQ Trust… | Cathie Wood‘s ARK Innovation ETF AMEX:ARKK was once the darling of the market, boasting bold bets on disruptive technologies and .
Yet, over the past five years, it’s been more like a rollercoaster with no brakes—compared to the smooth ride offered by the Invesco QQQ Trust NASDAQ:QQQ.
So, what went wrong? Let’s dig into why ARKK has stagnated while the QQQ soared.
High Hopes, Hard Falls
ARKK made a name for itself by investing in what it called “disruptive innovation.” The fund’s top holdings include Tesla Inc NASDAQ:TSLA, Roku Inc NASDAQ:ROKU, Coinbase Global Inc NASDAQ:COIN, Roblox Corp NYSE:RBLX, and Block Inc NYSE:SQ—companies that promised to revolutionize their industries.
But here’s the catch: disruptive doesn’t always mean profitable, at least not in the short term. While these companies had their moments in the sun, their volatility and speculative nature have led to massive swings in ARKK’s performance.
Meanwhile, QQQ has played it safe and smart. Its top holdings—Apple Inc NASDAQ:AAPL, Microsoft Corp NASDAQ:MSFT, Nvidia Corp NASDAQ:NVDA, Broadcom Inc NASDAQ:AVGO, and Amazon.com Inc NASDAQ:AMZN—are giants in their fields.
These companies have not only weathered market storms but have also thrived, especially in the recent AI-driven tech boom. QQQ’s exposure to these steady, cash-generating behemoths has allowed it to deliver consistent returns.
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The Numbers Don't Lie
The data speaks for itself. Over the past year, ARKK has managed a mere 10% return, while QQQ has posted a 32.2%. Year-to-date, ARKK is down 10.2%, while QQQ is up 19.5%. Over the past five years, ARKK has managed a mere 3.9% return, whereas the QQQ is up 164%.
ARKK’s 5-year beta of 1.84, compared to QQQ’s 1.19, further underscores its higher risk and volatility.
But the real kicker? ARKK's expense ratio is 0.75%, significantly higher than QQQ's 0.20%. Investors are paying more for a fund that’s been underperforming—a tough pill to swallow.
Missed Opportunities, Pricey Predictions
ARKK’s big swings in stock picks have also cost it. Tesla, its top holding, was a major win, but the fund's predictions for stocks like Roku, Zoom Video Communications Inc NASDAQ:ZM and Teladoc Health Inc NYSE:TDOC have been overly ambitious, to say the least.
The predictions include $605 for Roku by 2026 (currently less than 10% of that) and $1,500 for Zoom (now around $60).
While ARKK pursued potential high returns by betting on future growth, QQQ focused on established performers. As a result, QQQ investors have experienced steadier returns with less volatility. ARKK, on the other hand, has faced significant challenges, and unless its high-risk, high-reward strategy begins to pay off soon, achieving those predicted returns may remain uncertain for some time.
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Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:68d01bf41094b:0 | MSFT | Xbox Game Pass Update: Core, Standard Tiers Face Up To 12-Month Wait For New Releases | benzinga | https://benzinga.com/ | 2024-08-21T18:04:05+00:00 | https://www.tradingview.com/news/benzinga:68d01bf41094b:0-xbox-game-pass-update-core-standard-tiers-face-up-to-12-month-wait-for-new-releases/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:EA', 'base_logoid': 'electronic-arts'}] | /news/benzinga:68d01bf41094b:0-xbox-game-pass-update-core-standard-tiers-face-up-to-12-month-wait-for-new-releases/ | EN | Microsoft Corp. NASDAQ:MSFT confirmed that subscribers to the Core and Standard tiers of the service might face extended wait times — up to 12 months or more — before gaining access to first-party titles previously available on the day of release.This revelation marks a substantial shift from what… | Microsoft Corp. NASDAQ:MSFT confirmed that subscribers to the Core and Standard tiers of the service might face extended wait times — up to 12 months or more — before gaining access to first-party titles previously
This revelation marks a substantial shift from what Xbox Game Pass users have come to expect. Previously, all Game Pass subscribers enjoyed access to Xbox’s first-party titles on the day of release.
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However, with the introduction of these new tiers, that benefit will now be limited to subscribers of the higher-priced Ultimate ($20/month) and PC ($12/month) tiers.
These plans also include Electronic Arts Inc‘s NASDAQ:EA EA Play membership, further distinguishing them from the more affordable Core ($10/month) and Standard ($15/month) options.
The Core tier offers a curated catalogue of 25 “high-quality games on console,” while the Standard tier boasts “hundreds of high-quality games on console.”
Despite this, neither tier will grant immediate access to Xbox’s latest releases.
“Some games coming to Game Pass Ultimate (day one games or other game entries) will not be immediately available with Game Pass Standard and may be added to the library at a future date (can be up to 12 months or more and will vary by title),” Megan Spurr, Xbox Game Pass’s senior community lead, detailed in an Xbox Wire post.
This change is expected to influence how gamers choose their subscriptions, particularly as Microsoft has yet to confirm when the new Standard tier will become available.
Read Next:
Image credits: Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:ecbe022fa094b:0 | QQQ | Stocks Trim Gains On Slower Jobs Growth, Dollar Falls Ahead Of Fed Minutes; Target Rallies, Macy's Tumbles: What's Driving Markets Wednesday? | benzinga | https://benzinga.com/ | 2024-08-21T17:47:51+00:00 | https://www.tradingview.com/news/benzinga:ecbe022fa094b:0-stocks-trim-gains-on-slower-jobs-growth-dollar-falls-ahead-of-fed-minutes-target-rallies-macy-s-tumbles-what-s-driving-markets-wednesday/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:DIA', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:XLU', 'base_logoid': 'sector/utilities'}, {'symbol': 'AMEX:XLB', 'base_logoid': 'sector/materials'}, {'symbol': 'AMEX:XLF', 'base_logoid': 'sector/financial'}, {'symbol': 'NYSE:TGT', 'base_logoid': 'target'}, {'symbol': 'NYSE:M', 'base_logoid': 'macy-s'}, {'symbol': 'NYSE:TJX', 'base_logoid': 'tjx-cos'}, {'symbol': 'NASDAQ:ADI', 'base_logoid': 'analog-devices'}, {'symbol': 'NYSE:DY', 'base_logoid': 'dycom-industries'}, {'symbol': 'NYSE:KEYS', 'base_logoid': 'keysight-technologies'}, {'symbol': 'NYSE:TOL', 'base_logoid': 'toll-bros'}, {'symbol': 'NYSE:COTY', 'base_logoid': 'coty'}, {'symbol': 'NYSE:F', 'base_logoid': 'ford'}] | /news/benzinga:ecbe022fa094b:0-stocks-trim-gains-on-slower-jobs-growth-dollar-falls-ahead-of-fed-minutes-target-rallies-macy-s-tumbles-what-s-driving-markets-wednesday/ | EN | Wall Street trimmed early session gains on Wednesday after official government data downwardly revised nonfarm payrolls by 818,000 from previous estimates between April 2023 and March 2024. This adjustment suggests that the labor market’s strength was not as robust as investors had initially believ… | Wall Street trimmed early session gains on Wednesday after official government data downwardly revised nonfarm payrolls by 818,000 from previous estimates between This adjustment suggests that the labor market’s strength was not as robust as investors had initially believed.
By midday trading in New York, major U.S. indices hovered slightly above the flatline, with both the S&P 500 and the Nasdaq 100 adding mild gains after snapping an eight-day winning streak on Tuesday. Blue-chip stocks were flat, while small-cap stocks managed to rise by 0.6%.
Traders are now eagerly awaiting further insights on monetary policy from the minutes of the Federal Reserve Open Market Committee’s July meeting, scheduled for release at 2:00 p.m. ET.
Meanwhile, speculators have increased their expectations of a 50-basis-point rate cut in September, assigning a 32.5% probability to this scenario in response to the downward revisions of the annual nonfarm payrolls. Market participants are fully pricing in 100 basis points, equivalent to a full percentage point, in cuts by the end of the year.
The U.S. dollar is experiencing its fourth consecutive session of losses, while Treasury yields are dropping on the shorter end of the curve, with the policy-sensitive 2-year note seeing yields tumble by 6 basis points to 3.92%.
Gold is down slightly, off by 0.3%, while oil prices are down 1.2%, with West Texas Intermediate crude projected to close at its lowest levels since early February 2024.
Bitcoin gained 1% but remains below the $60,000 mark.
Wednesday’s Performance In Major US Indices, ETFs
Major IndicesPrice1-day %chgRussell 20002,152.990.6%S&P 5005,606.520.2%Nasdaq 10019,747.920.1%Dow Jones40,818.920.0%According to Benzinga Pro data:
The SPDR S&P 500 ETF Trust AMEX:SPY was 0.2% higher to $559.67.The SPDR Dow Jones Industrial Average AMEX:DIA stalled at $408.62.The tech-heavy Invesco QQQ Trust Series NASDAQ:QQQ edged 0.2% higher to $481.13.The iShares Russell 2000 ETF AMEX:IWM rose 0.6% to $214.01.The Utilities Select Sector SPDR Fund AMEX:XLU and The Materials Select Sector SPDR Fund AMEX:XLB outperformed, both up by 0.9%. The Financials Select Sector SPDR Fund AMEX:XLF lagged, down by 0.4%.Wednesday’s Stock Movers
Target Corp. NYSE:TGT rallied over 12% on stronger-than-expected quarterly results. The retail giant also witnessed several analysts raising their price target on the stock. Macy’s Inc. NYSE:M plummeted 13% after reducing revenue guidance for the fiscal year. Other major companies reacting to earnings were TJX Companies Inc. NYSE:TJX up 6.2%, Analog Devices Inc. NASDAQ:ADI, Dycom Industries Inc. NYSE:DY, down 8.5%, Keysight Technologies Inc. NYSE:KEYS, up 12%, Toll Brothers Inc. NYSE:TOL, up 5.9% and Coty Inc. NYSE:COTY, up 6.1%. Ford Motor Co. NYSE:F rose 1.4% after announcing to halt production of an all-electric three-row SUV. Read Next:
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240821:A3209003:0 | MSFT | Microsoft Places 3 New Xbox Series Consoles on Pre-Order | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-21T17:06:04+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240821:A3209003:0/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/mtnewswires.com:20240821:A3209003:0/ | EN | Microsoft NASDAQ:MSFT placed three new Xbox Series consoles for pre-order starting Wednesday with the official release slated for Oct. 15 in most regions and Oct. 29 in select countries. Xbox Series S and Series X with with 1 terabyte storage and the special edition Xbox Series X with 2 terabyte st… | Microsoft NASDAQ:MSFT placed three new Xbox Series consoles for pre-order starting Wednesday with the official release slated for Oct. 15 in most regions and Oct. 29 in select countries.
Xbox Series S and Series X with with 1 terabyte storage and the special edition Xbox Series X with 2 terabyte storage will be available across all regions where Xbox hardware is already available, with the exception of a few countries, the company said.
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benzinga:40e262dce094b:0 | MSFT | Microsoft Unveils Three New Xbox Series Consoles Ahead Of Holiday Rush: Everything You Need To Know | benzinga | https://benzinga.com/ | 2024-08-21T17:00:05+00:00 | https://www.tradingview.com/news/benzinga:40e262dce094b:0-microsoft-unveils-three-new-xbox-series-consoles-ahead-of-holiday-rush-everything-you-need-to-know/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:40e262dce094b:0-microsoft-unveils-three-new-xbox-series-consoles-ahead-of-holiday-rush-everything-you-need-to-know/ | EN | Microsoft Corp. NASDAQ:MSFT is expanding its Xbox Series S/X lineup, set to hit the market in October. Gamers can look forward to three new options, each with different price points:See Also: Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There’s A Silver LiningA Closer Look The… | Microsoft Corp. NASDAQ:MSFT is expanding its Xbox Series S/X lineup, set to
Gamers can look forward to three new options, each with different price points:
A white discless Xbox Series XA special-edition 2TB "Galaxy Black" Xbox Series X andA 1TB Xbox Series S.See Also:
A Closer Look
The Verge reports that the new white discless Xbox Series X is priced at $449.99. The fresh aesthetic mirrors the "robot white" finish of the more compact Xbox Series S. It also offers a sleek, minimalist look for gamers who prefer digital-only gameplay.
Despite rumors of internal upgrades, Microsoft has confirmed that the only significant change is the removal of the disc drive, aligning with the industry's ongoing shift toward digital content.
For those seeking more storage and a premium feel, the 2TB "Galaxy Black" special edition Xbox Series X stands out. Priced at $599.99, this model not only doubles the storage of the standard Xbox Series X but also introduces a striking new design that could appeal to collectors and hardcore gamers alike.
On the more budget-friendly side, the 1TB Xbox Series S will be available for $349.99. This model offers more storage than the original 512GB Series S, addressing one of the main criticisms from users who felt constrained by the smaller drive.
Preorders Open Ahead Of October Launch
All three models are set to launch in the U.S. on Oct. 15, with other markets, including Europe, to follow on Oct. 29. Preorders are now open, and Microsoft has assured that these consoles will be available in all current Xbox-supported regions.
The timing of these launches is strategic, coinciding with a particularly active period for Xbox Game Pass. October will see the release of highly anticipated titles such as Call of Duty: Black Ops 6, Microsoft Flight Simulator 2024, S.T.A.L.K.E.R. 2: Heart of Chornobyl, and Indiana Jones and the Great Circle.
With these releases, Microsoft is positioning its expanded hardware lineup as a gateway to a holiday season packed with gaming.
Read Next:
Image credits: Mojahid Mottakin on Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240821007298:0 | NVDA | Chip Stocks Have Swooned Since Nvidia Peaked in June. How That Could Change. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-21T16:58:00+00:00 | https://www.tradingview.com/news/DJN_DN20240821007298:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:ON', 'base_logoid': 'on-semiconductor'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}] | /news/DJN_DN20240821007298:0/ | EN | By Angela PalumboNvidia stock has fallen from its peak, and most other semiconductor stocks have followed suit. The question on investors minds is whether Nvidia's earnings will lead to a rebound?Nvidia is the hottest semiconductor stock on Wall Street, renowned as the maker of the chips most widel… | By Angela Palumbo
Nvidia stock has fallen from its peak, and most other semiconductor stocks have followed suit. The question on investors minds is whether Nvidia's earnings will lead to a rebound?
Nvidia is the hottest semiconductor stock on Wall Street, renowned as the maker of the chips most widely used in artificial-intelligence systems. Shares have jumped 159% this year and 172% over the past 12 months, which is nothing to scoff at.
But the stock is down 5% from the closing high of $135.58 it hit on June 18. Nvidia's current market cap of $3.15 trillion compares with $3.36 trillion that day.
Tech stocks in general took a beating earlier this month as investors considered their often enormous valuations and the risk of a recession. The possibility that big tech customers may slow their spending on chips has added to the pressure on semiconductor manufacturers. Fear of a recession has receded, but that hasn't prevented chip stocks from falling.
PHLX Semiconductor Index, comprised of the 30 largest U.S.-listed semi companies, shows what is happening. From Nvidia's peak on June 18 through midday trading on Wednesday, almost all the other stocks in the index had dropped by between 1% and 49%, according to Dow Jones Market Data. Shares of Taiwan Semiconductor had dropped 4.1%, Broadcom had declined 8.5%, Intel had fallen 31%, and Wolfspeed had dropped 49%.
The average decline of all the stocks in the index was 11%.
Only six of the stocks in the index have risen since June 18. This includes Advanced Micro Devices, which has gained 1.5%, while Texas Instruments has increased 5.9%. Monolithic Power Systems has risen 9%, ON Semiconductor has jumped 9.6%, and Skyworks Solutions has rallied 1.3%. Coherent has gained 7.6%.
Nvidia's earnings, scheduled for Aug. 28, could shake things up. On top of its second-quarter financial results, investors will be keeping a keen eye on management's guidance, especially after The Information reported that shipments of one of Nvidia's next-generation chips will be delayed.
"Despite fears of 'delays' of the launch of NVDA's Blackwell platform due to technical concerns, we doubt such a delay would have a material impact on the co's near-term outlook/ability to achieve Street estimates, " Deutsche Bank analyst Ross Seymore, who rates Nvidia as a Hold with a $100 price target, wrote in a note on Tuesday.
Nvidia's earnings could trigger a rebound in the stock. If management is upbeat about the outlook for demand for semiconductors, other chip stocks could rally too.
Write to Angela Palumbo at angela.palumbo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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tag:reuters.com,2024-08-21:newsml_NFC38LTCT:0 | 7203 | FRIDAY DEADLINE: Berger Montague Advises Toyota Motor Corp. (TM) Investors to Inquire About a Securities Fraud Class Action by August 23, 2024 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T16:36:00+00:00 | https://www.tradingview.com/news/reuters.com,2024-08-21:newsml_NFC38LTCT:0-friday-deadline-berger-montague-advises-toyota-motor-corp-tm-investors-to-inquire-about-a-securities-fraud-class-action-by-august-23-2024/ | null | [{'symbol': 'NYSE:TM', 'base_logoid': 'toyota'}] | /news/reuters.com,2024-08-21:newsml_NFC38LTCT:0-friday-deadline-berger-montague-advises-toyota-motor-corp-tm-investors-to-inquire-about-a-securities-fraud-class-action-by-august-23-2024/ | EN | Philadelphia, Pennsylvania--(Newsfile Corp. - August 21, 2024) - Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Toyota Motor Corp. ("Toyota" or the "Company") NYSE:TM on behalf of purchasers of Toyota securities between June 23, 2022 and June 2… | Philadelphia, Pennsylvania--(Newsfile Corp. - August 21, 2024) - Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Toyota Motor Corp. ("Toyota" or the "Company") NYSE:TM on behalf of purchasers of Toyota securities between June 23, 2022 and June 2, 2024, inclusive (the "Class Period").
Investors that suffered losses from Toyota NYSE:TM investments can follow the link below for more information regarding the lawsuit:
CLICK HERE to learn more about the lawsuit.
Investors who purchased or acquired Toyota securities during the Class Period may, no later than August 23, 2024, seek to be appointed as a lead plaintiff representative of the class.
The complaint alleges that, throughout the Class Period, Defendants misrepresented and/or failed to disclose that: (1) Toyota understated its malfeasance relating to certification of its cars and issues relating to overall legal compliance; and (2) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On June 3, 2024, the New York Times published an article entitled "Toyota and Other Japanese Carmakers Say They Mishandled Safety Tests." This article stated that "Toyota [. . .] and other top Japanese automakers said on Monday that internal investigations found they had mishandled vehicle testing on dozens of models over the past decade." Further, "Toyota said it had failed to gather proper data when doing pedestrian and occupant safety tests for three models, including its popular Yaris Cross sport utility vehicle."
On this news, Toyota's American Depositary Shares ("ADSs") fell $5.34 per ADS, or 2.45%, to close at $212.17 per ADS on June 3, 2024.
For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE.
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contacts:
Andrew Abramowitz, Senior Counsel
Berger Montague PC
(215) 875-3015
aabramowitz@bm.net
Peter Hamner
Berger Montague PC
(215) 875-3048
phamner@bm.net
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220677
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gurufocus:897a86745094b:0 | NVDA | Mid-3rd-Quarter 2024 Investor Conference and Events Highlights Update | gurufocus | https://www.gurufocus.com/ | 2024-08-21T15:51:35+00:00 | https://www.tradingview.com/news/gurufocus:897a86745094b:0-mid-3rd-quarter-2024-investor-conference-and-events-highlights-update/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/gurufocus:897a86745094b:0-mid-3rd-quarter-2024-investor-conference-and-events-highlights-update/ | EN | Volatility poked its way through the front door for a moment, but then quickly hit the road again. The growth scare over the first weekend of August feels like a memory today with stocks gaining back a solid chunk of previous losses. It's not an all-clear, though, as the August through October peri… | Volatility poked its way through the front door for a moment, but then quickly hit the road again. The growth scare over the first weekend of August feels like a memory today with stocks gaining back a solid chunk of previous losses. It's not an all-clear, though, as the August through October period is notorious for bouts of fear and downside price action.
Parsing the data and listening for clues
For now, investors are on edge with each passing data point. What have normally been generally innocuous economic indicators, such as the ISM Services survey and weekly Initial Jobless Claims, are suddenly make-or-break reports. That theme could pass by the wayside soon with major events on tap, such as Fed Chair Powell's speech at the Kansas City Federal Reserve's Jackson Hole Economic Symposium.1
Lower rates ahead...
Recall it was two years ago when Jay jolted markets in a bad way, suggesting that households may have to endure significant pain over the quarters ahead so that crippling inflation would subside.2 The CPI rate has since fallen below 3% on a year-on-year headline look, so mission accomplished there, I suppose. Then in August 2023, Powell put forth a more optimistic, but still cautious, tone. The Fed navigates by the stars under cloudy skies, was his monetary-policy mantra.3 Over the past 12 months, pundits and CEOs alike have been patient with the first rate cut.
...And CEO confidence isn't bad
The wait is almost over. The first-quarter point ease is on the doorstep, and it could even be a jumbo 50-basis-point cut depending on how macro data shakes out between now and Sept. 18. All the while, CEOs are feeling somewhat better about the state of business. The Conference Board's CEO Confidence Survey for the third quarter dipped sequentially, but remains above 50, suggesting a moderately optimistic stance.4
Solid corporate earnings
And they have at least some reason to feel upbeat. Second-quarter earnings verified above expectations, and guidance wasn't half-bad either. While retailers are still reporting (and Nvidia NASDAQ:NVDA has yet to post quarterly numbers), about 79% of S&P 500 companies have topped EPS estimates. It appears the second-quarter's earnings growth rate may finalize north of 10%, too. What's more, FactSet's consensus data points to even better year-on-year quarterly profit growth figures come the fourth quarter.5
The consumer take
The consumer isn't quite as cheery. The Conference Board also reported that households feel slightly better about the future state of the economy, but their collective view of present conditions deteriorated in July.6 Despite rising real wages and growth in the jobs market, families remain on edge. Toss election uncertainty into the mix along with ongoing frustration regarding the cost of living, and the sour mood on Main Street is something companies might have to just get used to for a while.
Focus on the fall conference season
Indeed, there are many crosscurrents facing executives and investors today. The upcoming conference season may shed light on corporate hiring plans, capital allocation decisions and major themes such as artificial intelligence and potential upcoming policy changes on Capitol Hill. Fasten your seatbelt for what could be a wild ride ahead. Here are the major events to mark on your calendar:
Information technology & communication services
Aug. 21: Needham 5th Annual Semiconductor and SemiCap 1X1 Conference (virtual)Aug. 26: Stifel Tech Executive SummitAug. 27: Evercore ISI Semiconductor, IT Hardware & Networking ConferenceAug. 27: Jefferies Semiconductor, IT Hardware & Communication Technology SummitAug. 28: Deutsche Bank Technology ConferenceSept. 3: Barclays Media and Telecom ForumSept. 4: Citi Global Technology, Media, and Telecommunications TMT ConferenceSept. 5: Bank of America Media, Communications & Entertainment ConferenceSept. 9: Goldman Sachs Communacopia Technology ConferenceSept. 10: Wolfe Research TMT Conference Health Care
Aug. 22: JP Morgan Healthcare DayAug. 27: Stifel Back-to-School Healthcare SeriesSept. 4: Wells Fargo Healthcare ConferenceSept. 4: Morgan Stanley 22nd Annual Global Healthcare ConferenceSept. 10: Baird Global Healthcare ConferenceSept. 17: Cantor Fitzgerald Global Healthcare ConferenceSept. 18: Bank of America Global Healthcare Conference Consumer Discretionary & Consumer Staples
Sept. 3: Barclays Global Consumer Staples ConferenceSept. 4: Goldman Sachs 31st Annual Global Retail ConferenceSept. 5: Bank of America Gaming and Lodging ConferenceSept. 18: Wells Fargo 7th Annual Consumer Conference Financials & Real Estate
Sept. 4: 25th Annual Scotiabank Financials Summit ConferenceSept. 4: Raymond James U.S. Bank ConferenceSept. 5: Raymond James Banking on Tech ConferenceSept. 9: Barclays 22nd Global Financial Services ConferenceSept. 10: Bank of America Global Real Estate ConferenceSept. 12: Wolfe Research Private Real Estate ConferenceSept. 23: Deutsche Bank 32nd Annual Leveraged Finance ConferenceSept. 24: Bank of America Securities 29th Annual Financials CEO ConferenceSept. 26: Goldman Sachs European Real Estate Equity & Debt Conference Industrials
Sept. 3: UBS Business Services, Leisure, and Transport ConferenceSept. 4: Jefferies Industrials ConferenceSept. 4: Morgan Stanley Industrial CEOs UnpluggedSept. 5: Gabelli Funds 30th Annual Aerospace and Defense SymposiumSept. 24: RBC Capital Markets Global Industrials Conference Energy & Utilities
Sept. 2: Barclays 38th Annual CEO Energy-Power ConferenceSept. 9: ROTH 11th Annual Solar & Storage SymposiumSept. 10: NYSE Energy & Utilities Investor Access Day (virtual)Sept. 10: Morgan Stanley European Utilities and Energy SummitSept. 30: Wolfe Research Utilities, Midstream, and Clean Energy Conference Materials
Sept. 4: UBS Global Materials ConferenceSept. 15: Gold Forum AmericasSept. 20: Raymond James Virtual Strategic Metals & Materials Conference (virtual)Regional
Aug. 20: Morgan Stanley Nasdaq Virtual Investor Conference in Asia (virtual)Aug. 21: Citi ASEAN Thematics Investor ConferenceSept. 2: UBS China ConferenceSept. 2: Bank of America Japan ConferenceSept. 3: Goldman Sachs EMEA Credit & Leveraged Finance ConferenceSept. 4: Deutsche Bank Access European TMT ConferenceSept. 9: Morgan Stanley 27th Annual Latin America ConferenceSept. 11: Goldman Sachs China ConferenceSept. 25: Citi China Industrial, SMID, Transport ConferenceInvestor Specific & Multi-Sector
Aug. 20: Investor Summit Group - MicroCap ForumAug. 21: Nordea Small & Mid Cap DaysAug. 27: Bank of America Virtual Conference (virtual)Aug. 28: J.P. Morgan CEO Conference CallSept. 3: Carnegie Small & Mid Cap SeminarSept. 5: Piper Sandler 10th Annual Macro ConferenceSept. 5: Stifel Cross Sector ConferenceSept. 16: RMB Morgan Stanley 15th Annual Big Five Investor Conference1 Jackson Hole Economic Symposium, Federal Reserve Bank of Kansas City, August 20, 2024, https://www.kansascityfed.org
2 Powell: Fed's inflation fight could bring pain,' job losses, AP, Christopher Rugaber, August 26, 2022, https://apnews.com
3 Inflation: Progress and the Path Ahead, Federal Reserve, August 25, 2023, https://www.federalreserve.gov
4 CEO Confidence Declined Slightly in Q3 2024, The Conference Board, August 8, 2024, https://www.conference-board.org
5 Earnings Insight, FactSet, John Butters, August 16, 2024, https://advantage.factset.com
6 US Consumer Confidence, The Conference Board, July 30, 2024, https://www.conference-board.org?
Copyright 2024 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners.
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benzinga:fb5446a4a094b:0 | QQQ | Nvidia Fever Stops Rising, Target Shows Consumer Resilient, Annual Jobs Revision May Move Markets | benzinga | https://benzinga.com/ | 2024-08-21T15:46:52+00:00 | https://www.tradingview.com/news/benzinga:fb5446a4a094b:0-nvidia-fever-stops-rising-target-shows-consumer-resilient-annual-jobs-revision-may-move-markets/ | null | [{'symbol': 'NYSE:TGT', 'base_logoid': 'target'}, {'symbol': 'NYSE:M', 'base_logoid': 'macy-s'}, {'symbol': 'NYSE:TJX', 'base_logoid': 'tjx-cos'}, {'symbol': 'NYSE:WMT', 'base_logoid': 'walmart'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:GLD', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:SLV', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:USO', 'base_logoid': 'uscf-fund'}] | /news/benzinga:fb5446a4a094b:0-nvidia-fever-stops-rising-target-shows-consumer-resilient-annual-jobs-revision-may-move-markets/ | EN | To gain an edge, this is what you need to know today.Resilient ConsumerPlease click here for an enlarged chart of Target Corp NYSE:TGT.Note the following:Magnificent Seven Money FlowsIn the early trade, money flows are positive in NVDA, Amazon.com, Inc. NASDAQ:AMZN, Meta Platforms Inc NASDAQ:META… | To gain an edge, this is what you need to know today.
Resilient Consumer
Please click here for an enlarged chart of Target Corp NYSE:TGT.
Note the following:
This article is about the big picture, not an individual stock. The chart of TGT stock is being used to illustrate the point.The U.S. economy is 70% consumer based. Therefore, prudent investors keep a close eye on consumer behavior. Lately, there has been a lot of conflicting data about the consumer.This morning, there is new data about consumer behavior from earnings from Target, Macy's Inc NYSE:M, and TJX Companies Inc NYSE:TJX. TGT earnings are the most important.The chart shows a big jump in TGT stock this morning after it reported earnings.RSI on the chart shows that the stock is now overbought.As full disclosure, The Arora Report may give a signal to buy TGT on a pullback. If a signal is given it will be part of The Arora Report's ZYX Buy portfolio.Here are the key points from Target earnings: Target reported Q2 earnings of $2.57 vs. $2.18 consensus.Q2 comp sales increased by 2% vs. a guide of 0% – 2%.Target is raising FY25 EPS guidance.Target cut prices on 5,000 items. The consumer is recognizing the price cuts, and traffic has increased.Apparel was a standout performer. The consumer is facing pressure and looking for value.Inventory turnover has increased. Previously, we shared with readers that Walmart Inc NYSE:WMT recently also had strong sales and made comments similar to the ones from Target.Earnings from Macy's are below expectations. However, in The Arora Report analysis, Macy's is an outlier.Earnings from TJX are above expectations.We previously shared with readers that there has been aggressive buying in NVIDIA Corp NASDAQ:NVDA as investors build positions ahead of Powell's speech at Jackson Hole on Friday and Nvidia earnings on August 28. Temporarily, NVDA fever has stopped rising.A big data release is ahead at 10am ET. The release is the annual revision to jobs data. This data may be market moving. Investors should remember that the data for the year is through March and does not include the recent data. The consensus is that the data will show that jobs growth was weaker than previously reported. Estimates for weaker job growth are very wide, ranging from 300,000 to over 1M. In The Arora Report analysis, the report may impact what Powell says at Jackson Hole on Friday. FOMC meeting minutes will be released at 2pm ET and may also move the market.Magnificent Seven Money Flows
In the early trade, money flows are positive in NVDA, Amazon.com, Inc. NASDAQ:AMZN, Meta Platforms Inc NASDAQ:META, Microsoft Corp NASDAQ:MSFT, and Tesla Inc NASDAQ:TSLA.
In the early trade, money flows are neutral in Apple Inc NASDAQ:AAPL.
In the early trade, money flows are negative in Alphabet Inc Class C NASDAQ:GOOG.
In the early trade, money flows are mixed in SPDR S&P 500 ETF Trust AMEX:SPY and Invesco QQQ Trust Series 1 NASDAQ:QQQ.
Momo Crowd And Smart Money In Stocks
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust AMEX:GLD. The most popular ETF for silver is iShares Silver Trust AMEX:SLV. The most popular ETF for oil is United States Oil ETF AMEX:USO.
Bitcoin
Bitcoin is range bound.
Protection Band And What To Do Now
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
Traditional 60/40 Portfolio
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240821006592:0 | NVDA | Nvidia Is Maintained at Buy by HSBC | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-21T15:24:00+00:00 | https://www.tradingview.com/news/DJN_DN20240821006592:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240821006592:0/ | EN | (15:24 GMT) Nvidia Price Target Raised to $145.00/Share From $135.00 by HSBC | (15:24 GMT) Nvidia Price Target Raised to $145.00/Share From $135.00 by HSBC
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benzinga:d76da93af094b:0 | QQQ | US Economy Adds 818,000 Fewer Jobs Than Initially Reported: Urgency For Interest Rate Cuts Grows Further | benzinga | https://benzinga.com/ | 2024-08-21T14:59:25+00:00 | https://www.tradingview.com/news/benzinga:d76da93af094b:0-us-economy-adds-818-000-fewer-jobs-than-initially-reported-urgency-for-interest-rate-cuts-grows-further/ | null | [{'symbol': 'AMEX:UUP', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}] | /news/benzinga:d76da93af094b:0-us-economy-adds-818-000-fewer-jobs-than-initially-reported-urgency-for-interest-rate-cuts-grows-further/ | EN | The U.S. economy experienced a downward revision of 818,000 non-farm payrolls between April 2023 and March 2024, according to government data released Wednesday.This adjustment represents a 0.5% decrease in overall job gains for the year, a greater fall than major U.S. investment banks like Goldman… | The U.S. economy experienced a downward revision of 818,000 non-farm payrolls between April 2023 and March 2024, according to
This adjustment represents a 0.5% decrease in overall job gains for the year, a greater fall than major U.S. investment banks like Goldman Sachs and JPMorgan Chase were anticipating.
Job figure revisions typically fall within a range of negative 0.3% to positive 0.3%. The last significant revision occurred in 2009, with a reduction of approximately 900,000 jobs or a 0.7% decrease.
Initial government estimates signaled 2.9 million job additions from April 2023 to March 2024, averaging around 242,000 jobs per month. Following the revision, the average monthly job gains dropped to 175,000.
The revision affected various sectors, with private payrolls revised downward by 819,000. The largest declines were seen in professional and business services (-358,000), leisure and hospitality (-150,000), retail trade (-129,000) and manufacturing (-115,000).
Conversely, there were upward revisions in private education and health services (+87,000) and transportation and warehousing (+56,400). Government payrolls saw a minimal upward revision of 1,000 jobs.
Market Reactions
The revised employment data signaled to market participants the U.S. labor market is weaker than previously believed.
In response, expectations for interest rate cuts increased, with investors concerned the economy may already be cooling. As a result, the market-implied probability of a 50-basis-point rate cut in September surged to 32.5%, according to CME Group‘s FedWatch tool.
Traders fully discount a full percentage point of rate cut by year-end.
The U.S. Dollar Index, as tracked by the Invesco DB USD Index Bullish Fund ETF AMEX:UUP, weakened. Treasury yields were slightly lower.
Stocks rallied further amid increased expectations for lower interest rates. The tech-heavy Invesco QQQ Trust NASDAQ:QQQ was up by 0.7% at 10:45 a.m. in New York.
Robust gains were also seen in the S&P 500, as monitored through the SPDR S&P 500 ETF Trust AMEX:SPY, up 0.5%, and in small caps, as tracked by the iShares Russell 2000 ETF AMEX:IWM, up 0.6%.
Markets now await minutes from the latest July Federal Open Market Committee meeting, scheduled for release at 2 p.m. ET.
Read Next:
Photo via Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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zacks:9524c3838094b:0 | NVDA | Nvidia (NVDA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release | zacks | http://www.zacks.com/ | 2024-08-21T14:00:18+00:00 | https://www.tradingview.com/news/zacks:9524c3838094b:0-nvidia-nvda-earnings-expected-to-grow-what-to-know-ahead-of-next-week-s-release/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/zacks:9524c3838094b:0-nvidia-nvda-earnings-expected-to-grow-what-to-know-ahead-of-next-week-s-release/ | EN | Nvidia NASDAQ:NVDA is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates… | Nvidia NASDAQ:NVDA is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on August 28, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This maker of graphics chips for gaming and artificial intelligence is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +133.3%.
Revenues are expected to be $28.24 billion, up 109% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.14% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Nvidia?
For Nvidia, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.25%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Nvidia will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Nvidia would post earnings of $0.55 per share when it actually produced earnings of $0.61, delivering a surprise of +10.91%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Nvidia doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Investment Research
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zacks:22017dd00094b:0 | 8306 | Mitsubishi UFJ's (MUFG) Subsidiary Sells 24M U.S. Bancorp Shares | zacks | http://www.zacks.com/ | 2024-08-21T13:59:00+00:00 | https://www.tradingview.com/news/zacks:22017dd00094b:0-mitsubishi-ufj-s-mufg-subsidiary-sells-24m-u-s-bancorp-shares/ | null | [{'symbol': 'TSE:8306', 'base_logoid': 'mitsubishi-group'}] | /news/zacks:22017dd00094b:0-mitsubishi-ufj-s-mufg-subsidiary-sells-24m-u-s-bancorp-shares/ | EN | Mitsubishi UFJ Financial Group, Inc.’s MUFG core subsidiary, MUFG Bank, has announced the sale of 24 million shares of U.S. Bancorp’s USB common stock. MUFG Bank acquired these shares of USB’s common stock on Aug 3, 2023, at a purchase price of approximately $936 million. The move came as MUFG plan… | Mitsubishi UFJ Financial Group, Inc.’s MUFG core subsidiary, MUFG Bank, has announced the sale of 24 million shares of U.S. Bancorp’s USB common stock. MUFG Bank acquired these shares of USB’s common stock on Aug 3, 2023, at a purchase price of approximately $936 million. The move came as MUFG plans to optimize its regulatory capital efficiency.
This transaction is not expected to impact the financial results of either MUFG or MUFG Bank for the fiscal year ending March 2025.
Followed by the sale of MUFG Union Bank N.A. to USB in December 2022, MUFG entered into a business collaboration agreement with U.S. Bancorp and initially acquired approximately 44 million shares of USB.
In August 2023, MUFG purchased an additional 24 million shares of USB. The proceeds from this additional investment were directed to MUFG’s subsidiary, MUFG Americas Holdings Corporation, to lessen USB’s outstanding obligation of $3.5 billion, which is due within five years of the closing date of the sale of MUFG Union Bank N.A.
Mitsubishi UFJ and U.S. Bancorp have collaborated to provide banking services for Japanese retail customers in the United States. The company also has an agreement with U.S. Bank N.A., U.S. Bancorp’s banking subsidiary, to offer U.S. dollar liquidity support. The two firms want to increase their strategic collaboration and joint business prospects by utilizing each other's strengths. Opportunities include collaboration in digital fields, corporate transactions, financial services for Japanese customers, worldwide marketplaces and more.
MUFG will retain its initial investment of 44 million shares in USB, indicating its commitment to a long-term relationship.
Mitsubishi UFJ has an impressive share repurchase history. In June 2024, it announced the progress of its previously declared share repurchase program. The company repurchased 37,026,800 shares of its common stock at an aggregate price of ¥59.8 billion between Jun 1, 2024, and Jun 21, 2024.
The share buybacks were carried out under the company’s ¥100-billion share repurchase program announced on May 15, 2024. The plan allows MUFG to repurchase up to 80,000,000 shares, representing 0.68% of the total shares outstanding, excluding treasury stock.
In total, MUFG repurchased 62.7 million shares since the authorization through Jun 21, 2024, for approximately ¥100 billion. Since May 2017, Mitsubishi UFJ has completed several share repurchase programs to strengthen investors’ confidence in the stock.
Similarly, in August, Enova International, Inc.’s ENVA board of directors approved a new share repurchase plan. As part of the program, which expires on Dec 31, 2025, $300 million worth of shares are authorized for buyback.
ENVA repurchased roughly $201 million of shares during the first six months of 2024.
In the past three months, shares of MUFG have gained 6% on the NYSE against the industry’s decline of 9.6%.
Currently, Mitsubishi UFJ sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Investment Research
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DJN_SN20240821007797:0 | NVDA | Nvidia is nearing another milestone that would showcase its stunning growth | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-21T13:27:00+00:00 | https://www.tradingview.com/news/DJN_SN20240821007797:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_SN20240821007797:0/ | EN | By Emily BarySeveral analysts see the company hitting the $30 billion revenue mark when it reports earnings next week. The company crossed the $20 billion threshold two quarters ago.Nvidia Corp. keeps moving the bar higher. This time around, that could mean a new revenue milestone.Raymond James ana… | By Emily Bary
Several analysts see the company hitting the $30 billion revenue mark when it reports earnings next week. The company crossed the $20 billion threshold two quarters ago.
Nvidia Corp. keeps moving the bar higher. This time around, that could mean a new revenue milestone.
Raymond James analyst Srini Pajjuri sees the possibility of Nvidia (NVDA) topping $30 billion in revenue when the semiconductor company posts earnings next Wednesday afternoon. His projection is above the consensus view, which calls for $28.7 billion.
A revenue total above the $30 billion mark would highlight just how rapidly Nvidia has been able to grow - and at scale. The company first exceeded $10 billion in quarterly revenue a year ago, and it topped $20 billion in quarterly revenue during the January quarter.
Analysts see the potential for a $40 billion revenue quarter a year or so from now. The FactSet consensus models $39.6 billion in revenue for next year's July quarter, and $42.3 billion in revenue for next year's October quarter.
Don't miss: Nvidia's stock is up 30% from August lows - and earnings could further its momentum
Nvidia has beaten consensus revenue expectations each quarter going back at least five years. But even if Nvidia weren't to hit Pajjuri's $30 billion-plus revenue mark this quarter, merely meeting the consensus view would be an impressive show of growth as it would mean revenue more than doubled from a year before. Nvidia's growth is slowing as the company starts to lap periods that also benefitted from explosive demand for artificial-intelligence hardware, but to be able to double revenue at current levels is a rare feat.
Pajjuri said he sees strong demand for Nvidia's Hopper chip lineup, and he isn't so worried about the prospect of shipment delays for the new Blackwell line. He and his team "have no reason to doubt [Nvidia's (and Taiwan Semiconductor Manufacturing Co. Ltd.'s (TSM))] execution capabilities and are optimistic that B100/B200 boards will ship this year, followed by GB200 NVL rack systems" in the first half of 2025, he wrote, referring to various Blackwell offerings.
Read: Nvidia's earnings could be noisy, but these bulls are still upbeat on the stock
If anything, a short-term delay in Blackwell shipments could help Nvidia when it comes to gross margins, as Pajjuri estimated that the Hopper lineup boasts gross margins 3 to 6 percentage points above what Blackwell will.
He rates the stock a strong buy.
HSBC analyst Frank Lee sees the possibility of a beat as well, with his revenue estimate coming in at $30 billion flat. He's optimistic about the quarters to come as well, estimating $33 billion in revenue for the October quarter and $36 billion in revenue for the January quarter, both above the FactSet consensus figures.
"Roadmap changes and production delays to next-gen GB200 chips unlikely to significantly affect [the second half of this fiscal year or the fiscal 2026 outlook]," Lee wrote. He maintained a buy rating on Nvidia's stock and boosted his price target to $145 from $135, though he acknowledged the company might have less pricing power come fiscal 2026.
See also: AMD to make $4.9 billion AI acquisition as it steps up race against Nvidia
-Emily Bary
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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urn:newsml:mtnewswires.com:20240821:A3208705:0 | NVDA | HSBC Raises NVIDIA Price Target to $145 From $135, Buy Rating Maintained | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-21T12:23:45+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240821:A3208705:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240821:A3208705:0/ | EN | NVIDIA NASDAQ:NVDA has an average rating of Buy and price targets ranging from $85 to $200, according to analysts polled by Capital IQ. | NVIDIA NASDAQ:NVDA has an average rating of Buy and price targets ranging from $85 to $200, according to analysts polled by Capital IQ.
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urn:newsml:mtnewswires.com:20240821:A3208701:0 | NVDA | New Street Research Adjusts NVIDIA Price Target to $148 From $120 | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-21T12:21:50+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240821:A3208701:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240821:A3208701:0/ | EN | NVIDIA NASDAQ:NVDA has an average rating of Buy and price targets ranging from $85 to $200, according to analysts polled by Capital IQ. | NVIDIA NASDAQ:NVDA has an average rating of Buy and price targets ranging from $85 to $200, according to analysts polled by Capital IQ.
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DJN_DN20240821004259:0 | NVDA | Nvidia Stock Gains. The Earnings Bar Is Being Set. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-21T11:32:00+00:00 | https://www.tradingview.com/news/DJN_DN20240821004259:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}] | /news/DJN_DN20240821004259:0/ | EN | By Adam ClarkNvidia was edging up early on Wednesday. The chip maker might have broken its winning streak but the general outlook is still upbeat ahead of its earnings report next week.Nvidia shares were up 0.2% at $127.46 in premarket trading. The stock closed down 2.1% on Tuesday, snapping six tr… | By Adam Clark
Nvidia was edging up early on Wednesday. The chip maker might have broken its winning streak but the general outlook is still upbeat ahead of its earnings report next week.
Nvidia shares were up 0.2% at $127.46 in premarket trading. The stock closed down 2.1% on Tuesday, snapping six trading sessions of consecutive gains.
With the latest rally, traders look to have largely gotten over concerns about a report that shipments of Nvidia's next-generation Blackwell chips would be delayed by about three months due to a design flaw.
Now the focus is on Nvidia's report on Aug. 28, when the company is expected to report second-quarter earnings of 64 cents a share and revenue of $28.65 billion. However, more attention might be paid to its guidance as Nvidia ramps up shipments of Blackwell chips.
"We expect NVDA's October quarter revenue guidance to come in modestly above consensus expectations which currently sit at $31.5bn, as supply chain feedback...remains positive into year-end," wrote Stifel analyst Ruben Roy in a research note this week.
Roy has a Buy rating and a $165 target price on Nvidia stock.
Among chip makers, Advanced Micro Devices was up 0.4% and Broadcom was down 0.4% in premarket trading.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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benzinga:2bf1c0e70094b:0 | QQQ | Nasdaq, S&P 500 Futures Edge Up As Traders Look Ahead To FOMC Minutes: Strategist Flags 3 Trends That Could Help Stocks Withstand Volatility | benzinga | https://benzinga.com/ | 2024-08-21T10:46:43+00:00 | https://www.tradingview.com/news/benzinga:2bf1c0e70094b:0-nasdaq-s-p-500-futures-edge-up-as-traders-look-ahead-to-fomc-minutes-strategist-flags-3-trends-that-could-help-stocks-withstand-volatility/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NYSE:LOW', 'base_logoid': 'lowe-s'}, {'symbol': 'NYSE:TOL', 'base_logoid': 'toll-bros'}, {'symbol': 'NYSE:ZTO', 'base_logoid': 'zto-express-cayman'}, {'symbol': 'NYSE:KEYS', 'base_logoid': 'keysight-technologies'}, {'symbol': 'NYSE:LZB', 'base_logoid': 'la-z-boy'}, {'symbol': 'NASDAQ:ADI', 'base_logoid': 'analog-devices'}, {'symbol': 'NYSE:M', 'base_logoid': 'macy-s'}, {'symbol': 'NYSE:TGT', 'base_logoid': 'target'}, {'symbol': 'NYSE:TJX', 'base_logoid': 'tjx-cos'}, {'symbol': 'NYSE:A', 'base_logoid': 'agilent-technologies'}, {'symbol': 'NASDAQ:URBN', 'base_logoid': 'urban-outfitters'}, {'symbol': 'NYSE:SNOW', 'base_logoid': 'snowflake'}, {'symbol': 'NYSE:ZUO', 'base_logoid': 'zuora'}, {'symbol': 'NYSE:WOLF', 'base_logoid': 'wolfspeed'}, {'symbol': 'NASDAQ:NDSN', 'base_logoid': 'nordson'}, {'symbol': 'NASDAQ:SNPS', 'base_logoid': 'synopsys'}, {'symbol': 'NASDAQ:ZM', 'base_logoid': 'zoom-video-communications'}, {'symbol': 'NYSE:BBAI', 'base_logoid': 'bigbear-ai'}, {'symbol': 'NASDAQ:JD', 'base_logoid': 'jd-com'}, {'symbol': 'NYSE:WMT', 'base_logoid': 'walmart'}] | /news/benzinga:2bf1c0e70094b:0-nasdaq-s-p-500-futures-edge-up-as-traders-look-ahead-to-fomc-minutes-strategist-flags-3-trends-that-could-help-stocks-withstand-volatility/ | EN | U.S. stocks could claw back their losses, although nervousness is palpable as traders play the waiting game ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole address on Friday. The major averages are slightly higher early Wednesday. The CBOE Volatility Index, aka VIX, climbed more than 8… | U.S. stocks could claw back their losses, although nervousness is palpable as traders play the waiting game ahead of Federal Reserve on Friday. The major averages are slightly higher early Wednesday. The CBOE Volatility Index, aka VIX, climbed more than 8% and has topped the 16 level, reflecting a slight increase in the fear sentiment. The Fed minutes due in the afternoon and the earnings reports of the day could influence trading direction.
FuturesPerformance (+/-)Nasdaq 100+0.04%S&P 500+0.07%Dow+0.07%R2K+0.5%In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust AMEX:SPY edged up 0.03% to $558.85, and the Invesco QQQ ETF NASDAQ:QQQ gained 0.02% to $480.38, according to Benzinga Pro data.
Cues From Last Session:
The eight-session advance proved to be too good of an opportunity to be let gone and traders promptly took some money off the tables, and this dragged stocks lower on Tuesday. Disappointing earnings from home-improvement retailer Lowe’s Companies, Inc. NYSE:LOW also served as a downside trigger. Stocks are digesting Monday’s strong gains, said fund manager Louis Navellier.
The major averages opened lower but managed to move into positive territory in early trading. They pulled back soon after and languished below the unchanged line for the remainder of the session. That said, the losses were only modest, underlining the positive momentum in the market.
The Dow Jones Industrial Average snapped a five-session run, while the Nasdaq Composite and the S&P 500 Index retreated after eight straight sessions of gains.
Small-cap stocks underperformed, with the Russell 2,000 Index falling by over 1%.
Seven of the 11 S&P 500 sectors settled the session lower, led by energy stocks, while consumer staple, healthcare, real estate and communication services stocks bucked the downtrend.
IndexPerformance (+/)ValueNasdaq Composite-0.33%17,816.94S&P 500 Index-0.20%5,597.12Dow Industrials-0.15%40,834.97Russell 2000-1.17%2,142.19Insights From Analysts:
Fund Strat Head of Research Tom Lee said his firm’s base-case assumption is for a soft landing and the Fed embarking on an easing cycle that would bring rates from a too high 5.5%. In an interview with CNBC, the strategist calls for a 40% rally in small-cap stocks, which would mean these companies will see valuation bump up from 10 times to 14 times. Small-cap stocks that were left behind as the Fed funds rate remained high for about two years now will likely come back up, he said.
To make his case, Lee noted that M&A activity is picking up, which is seen as a sign of CEO confidence. He also said the perception that small-caps are lagging in earnings growth is due to the biotech stocks, which are a fairly big cohort in the group. Small-caps are growing earnings and revenue by nearly 700 and 400 basis more than the S&P 500 companies, he said, adding the catalyst will therefore be the Fed rate cut.
Comerica Chief Investment Officer John Lynch said he sees downside support for the market. “U.S. real GDP growth remains favorable, interest rates are heading lower and corporate profits are firm,” he added.
“We believe these three trends will help market sentiment should any further bouts of volatility materialize in the coming months.”
Lynch also made note of the rapid roundtrip of the CBOE Volatility Index, often called the “fear gauge” in just two weeks. “This rapid decline in the VIX suggests that the market’s earlier fears were overblown and that investor confidence has returned to the equity markets,” he said.
Upcoming Economic Data
The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.The Fed will release the minutes of the July Federal Open Market Committee meeting in which the central bank announced another pause decision. The minutes, due at 2 p.m. EDT, may give further insights into the Fed’s thinking, potentially offering cues to the near-term rate trajectory.See also:
Stocks In Focus:
Toll Brothers, Inc. NYSE:TOL climbed over 1% following the company’s quarterly results announcement. ZTO Express (Cayman) Inc. NYSE:ZTO rose over 3% and Keysight Technologies, Inc. NYSE:KEYS jumped over 11%, while La-Z-Boy Incorporated NYSE:LZB fell over 3%, also in reaction to earnings.Analog Devices, Inc. NASDAQ:ADI, Macy’s, Inc. NYSE:M, Target Corporation NYSE:TGT and TJX Companies, Inc. NYSE:TJX are among the notable companies due to release their quarterly results before the market opens.Those reporting earnings after the close include Agilent Technologies, Inc. NYSE:A, Urban Outfitters, Inc. NASDAQ:URBN, Snowflake Inc. NYSE:SNOW, Zuora, Inc. NYSE:ZUO, Wolfspeed, Inc. NYSE:WOLF, Nordson Corporation NASDAQ:NDSN, Synopsys, Inc. NASDAQ:SNPS and Zoom Video Communications, Inc. NASDAQ:ZM.BigBear.ai Holdings, Inc. NYSE:BBAI jumped over 33% on a contract win.JD.com, Inc. NASDAQ:JD slid nearly 7% after Walmart, Inc. NYSE:WMT sold its stake in the Chinese e-commerce company.Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded from a four-session slide, while gold futures eased from their record highs. Bitcoin fell toward the $59k level and the yield on the 10-year Treasury note was unchanged at 3.818%.
Most major Asian markets retreated, tracing the negative performance of Wall Street overnight, while European stocks firmed up in early trading on Wednesday.
Read Next:
Nvidia Down About 10% From All-Time Highs: Prominent Trader Says He Has Cashed Out Of The Stock Barely A Week Ahead Of Earnings And WIll ‘Decide On Re-entering’ LaterImage Via Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:cf759ae4f094b:0 | 7203 | Toyota Aims To Reduce EV Costs with Gigacasting Machine: Report | benzinga | https://benzinga.com/ | 2024-08-21T10:45:42+00:00 | https://www.tradingview.com/news/benzinga:cf759ae4f094b:0-toyota-aims-to-reduce-ev-costs-with-gigacasting-machine-report/ | null | [{'symbol': 'NYSE:TM', 'base_logoid': 'toyota'}, {'symbol': 'AMEX:APIE', 'base_logoid': 'envestnet'}, {'symbol': 'AMEX:AVIV', 'base_logoid': 'avantis-core-fixed-income'}] | /news/benzinga:cf759ae4f094b:0-toyota-aims-to-reduce-ev-costs-with-gigacasting-machine-report/ | EN | Toyota Motor Corporation NYSE:TM reportedly plans to install a large gigacasting machine at one of its Japanese plants by the end of this year.This move is part of Toyota’s strategy to reduce electric vehicle (EV) production costs by implementing a manufacturing technique that Tesla has successfull… | Toyota Motor Corporation NYSE:TM reportedly plans to install a large gigacasting machine at one of its Japanese plants by the end of this year.
This move is part of Toyota’s strategy to reduce electric vehicle (EV) production costs by implementing a manufacturing technique that Tesla has successfully utilized, reported Nikkei Asia.
Japanese company Ube Machinery manufactures massive gigacasting equipment.
Read:
The machine, located at a production center in Aichi prefecture, will be one of Japan’s largest casting machines, delivering 9,000 tonnes of clamping pressure.
As per the report, gigacasting machines generally exert at least 6,000 tonnes of force and create large vehicle modules by merging multiple components using molten aluminum alloy injected into a molding machine under high pressure.
By molding multiple components in one step, EV makers can reduce vehicle weight and boost production efficiency.
Read:
Toyota will introduce gigacasting with the LF-ZC, a next-generation Lexus EV scheduled for launch in 2026.
The gigacasting machine at Toyota will be used to prototype EV components, not mass production. Toyota will evaluate if the technology reduces parts, streamlines processes, and results in lighter EVs.
Toyota intends to reinvest profits from its successful hybrid business into EV development to catch up with global competitors.
As per the report, over 10 companies, mostly in the U.S., Europe, and China, are adopting gigacasting. Tesla uses gigapresses with clamping pressures between 6,000 and 9,000 tonnes. Honda has deployed a 6,000-tonne gigacasting machine at a research facility in Tochigi and Nissan plans to install a 6,000-tonne machine by fiscal 2027, aiming to cut component weight by 20%.
Toyota stock has gained around 14% in the last 12 months. Investors can gain exposure to the stock via ActivePassive International Equity ETF AMEX:APIE and Avantis International Large Cap Value ETF AMEX:AVIV.
Also Read:
Price Action: TM shares are up 1.74% at $184.50 premarket at the last check Wednesday.
Photo by RYO Alexandre on Shutterstock
Read Next:
Toyota Plans To Integrate RoboSense LiDAR In Lexus Electric Models, Future Expansion Across Other Brands ExpectedDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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tag:reuters.com,2024:newsml_L4N3K80P3:0 | MSFT | ビッグテック、AIの規制を望む。なぜ彼らはカリフォルニア州のAI法案に反対するのか？ | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T10:00:25+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3K80P3:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3K80P3:0/ | JA | カリフォルニア州議会は、早ければ今週中にも、カリフォルニア州における人工知能の開発・導入方法を幅広く規制する法案を採決する予定である。 ここでは、SB1047として知られるこの法案の背景と、シリコンバレーの技術者や一部の議員からの反発に直面している理由を説明する： 法案の内容は？ スコット・ウィーナー州上院議員（民主党）が提出したこの法案は、開発費が1億ドルを超えるような最先端のAIモデルや、規定の計算能力を必要とするAIの多くに安全性テストを義務付けるというものだ。また、州内で使用されるAIソフトウェアの開発者は、AIモデルに異常が発生した場合にその機能を停止させる方法（事実上のキルスイッ… | カリフォルニア州議会は、早ければ今週中にも、カリフォルニア州における人工知能の開発・導入方法を幅広く規制する法案を採決する予定である。
ここでは、SB1047として知られるこの法案の背景と、シリコンバレーの技術者や一部の議員からの反発に直面している理由を説明する：
法案の内容は？
スコット・ウィーナー州上院議員（民主党）が提出したこの法案は、開発費が1億ドルを超えるような最先端のAIモデルや、規定の計算能力を必要とするAIの多くに安全性テストを義務付けるというものだ。また、州内で使用されるAIソフトウェアの開発者は、AIモデルに異常が発生した場合にその機能を停止させる方法（事実上のキルスイッチ）の概要を説明する必要がある。
法案はまた、開発者が遵守しない場合、特に電力網のような政府システムをAIが乗っ取るような継続的な脅威が発生した場合（(link)）、州司法長官に訴訟を起こす権限を与える。
さらにこの法案は、開発者に第三者監査人を雇い、その安全対策を評価することを義務付け、AIの悪用に反対する内部告発者にさらなる保護を提供する。
議員たちの発言は？
SB1047はすでに上院を32対1で通過した。先週、州議会の予算委員会を通過し、議会全員による投票が行われることになった。8月31日の議会会期末までに可決されれば、9月30日までにギャビン・ニューサム知事が署名または拒否権を行使することになる。
オープンＡＩやこの強力なソフトウェアを開発している新興企業の本拠地であるサンフランシスコの代表を務めるウィーナー氏は、AIの進歩が扱いにくくなったり制御不能になったりする前に、一般市民を保護するために法案が必要だと述べている。
しかし、サンフランシスコ選出のナンシー・ペロシ、シリコンバレーの多くを選挙区とするロー・カンナ、サンノゼ選出のゾーイ・ロフグレンなど、カリフォルニア州選出の民主党議員たちは法案に反対している。
ペロシは今週、SB1047は情報不足であり、益よりも害をもたらすかもしれないと述べた。先週の公開書簡で民主党議員は、この法案は州から開発者を追い出し、いわゆるオープンソースAIモデル（(link)）を脅かす可能性があると述べた。
テック業界のリーダーたちはどう言っているのか？
完全なテキスト、画像、音声でプロンプトに応答したり、最小限の介入で反復タスクを実行したりできるAIを開発しているハイテク企業は、AIのデプロイメントに対してより強力なガードレールを求めている (link)。彼らは、ソフトウェアがいつか人間の介入を回避し、サイバー攻撃を引き起こす危険性などを懸念している。しかし、彼らはSB1047にも難色を示した。
ウィーナーは、アマゾン NASDAQ:AMZNとアルファベット NASDAQ:GOOGが支援するAIスタートアップ、アンソロピックからの意見も参考にしながら、ハイテク企業をなだめるように法案を修正した。他の変更点としては、政府のAI監視委員会の設置を廃止した。
ウィーナーはまた、偽証罪に対する刑事罰も撤廃したが、民事訴訟を起こすことはできる。
アルファベットのグーグルとメタ NASDAQ:METAは、ウィーナーへの書簡で懸念を表明した。メタ社は、法案がAIの開発と展開に不利な州になる恐れがあると述べた。フェイスブック親会社のチーフ・サイエンティスト、ヤン・ルクンは7月X日の投稿で、この法案は研究努力にとって有害になる可能性があると述べた。
チャットＧＰＴが2022年後半に大々的にリリースされて以来、AI (link) をめぐる熱狂を加速させたとされるオープンＡＩは、AIは連邦政府によって規制されるべきであり、SB 1047は不確実な法的環境を生み出すと述べている。
特に懸念されるのは、この法案がオープンソースのAIモデルにも適用される可能性があることだ。多くの技術者は、オープンソースモデルはリスクの少ないAIアプリケーションをより迅速に作成するために重要だと考えているが、メタやその他の技術者は、法案が可決された場合、オープンソースモデルを取り締まる責任を負わされる可能性があると懸念している。ウィーナーはオープンソースモデルを支持すると述べており、法案の最近の修正案のひとつでは、オープンソースモデルがその規定の対象となる基準を引き上げた。
また、この法案にはテクノロジー業界の支持者もいる。AIのゴッドファーザー」として広く知られるジェフリー・ヒントン、オープンＡＩの元社員ダニエル・ココタジロ、研究者のヨシュア・ベンジオらが法案を支持すると表明している。
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tag:reuters.com,2024:newsml_L1N3K7117:0 | MSFT | Big Tech wants AI to be regulated. Why do they oppose a California AI bill? | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T10:00:00+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3K7117:0-big-tech-wants-ai-to-be-regulated-why-do-they-oppose-a-california-ai-bill/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L1N3K7117:0-big-tech-wants-ai-to-be-regulated-why-do-they-oppose-a-california-ai-bill/ | EN | California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.Here is background on the bill, known as SB 1047, and why it has faced b… | California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.
Here is background on the bill, known as SB 1047, and why it has faced backlash from Silicon Valley technologists and some lawmakers:
WHAT DOES THE BILL DO?
Advanced by State Senator Scott Wiener, a Democrat, the proposal would mandate safety testing for many of the most advanced AI models that cost more than $100 million to develop or those that require a defined amount of computing power. Developers of AI software operating in the state would also need to outline methods for turning off the AI models if they go awry, effectively a kill switch.
The bill would also give the state attorney general the power to sue if developers are not compliant, particularly in the event of an ongoing threat, such as the AI taking over government systems like the power grid.
As well, the bill would require developers to hire third-party auditors to assess their safety practices and provide additional protections to whistleblowers speaking out against AI abuses.
WHAT HAVE LAWMAKERS SAID?
SB 1047 has already passed the state Senate by a 32-1 vote. Last week it passed the state Assembly appropriations committee, setting up a vote by the full Assembly. If it passes by the end of the legislative session on Aug. 31, it would advance to Governor Gavin Newsom to sign or veto by Sept. 30.
Wiener, who represents San Francisco, home to OpenAI and many of the startups developing the powerful software, has said legislation is necessary to protect the public before advances in AI become either unwieldy or uncontrollable.
However, a group of California Congressional Democrats oppose the bill, including San Francisco’s Nancy Pelosi; Ro Khanna, whose congressional district encompasses much of Silicon Valley; and Zoe Lofgren, from San Jose.
Pelosi this week called SB 1047 ill-informed and said it may cause more harm than good. In an open letter last week, the Democrats said the bill could drive developers from the state and threaten so-called open-source AI models, which rely on code that is freely available for anyone to use or modify.
WHAT DO TECH LEADERS SAY?
Tech companies developing AI - which can respond to prompts with fully formed text, images or audio as well as run repetitive tasks with minimal intervention – have called for stronger guardrails for AI’s deployment. They have cited risks that the software could one day evade human intervention and cause cyberattacks, among other concerns. But they also largely balked at SB 1047.
Wiener revised the bill to appease tech companies, relying in part on input from AI startup Anthropic - backed by Amazon NASDAQ:AMZN and Alphabet NASDAQ:GOOG. Among other changes, he eliminated the creation of a government AI oversight committee.
Wiener also took out criminal penalties for perjury, though civil suits may still be brought.
Alphabet’s Google and Meta NASDAQ:META have expressed concerns in letters to Wiener. Meta said the bill threatens to make the state unfavorable to AI development and deployment. The Facebook parent’s chief scientist, Yann LeCun, in a July X post called the bill potentially harmful to research efforts.
OpenAI, whose ChatGPT is credited with accelerating the frenzy over AI since its broad release in late 2022, has said AI should be regulated by the federal government and that SB 1047 creates an uncertain legal environment.
Of particular concern is the potential for the bill to apply to open-source AI models. Many technologists believe open-source models are important for creating less risky AI applications more quickly, but Meta and others have fretted that they could be held responsible for policing open-source models if the bill passes. Wiener has said he supports open-source models and one of the recent amendments to the bill raised the standard for which open-sourced models are covered under its provisions.
The bill also has its backers in the technology sector. Geoffrey Hinton, widely credited as a “godfather of AI,” former OpenAI employee Daniel Kokotajlo and researcher Yoshua Bengio have said they support the bill.
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benzinga:c5647a8b6094b:0 | NVDA | Chinese Tech Giants Alibaba And Tencent Ramp Up AI Investments, With Nearly A Third Of Deals Since 2023 Aimed At AI Startups | benzinga | https://benzinga.com/ | 2024-08-21T09:52:23+00:00 | https://www.tradingview.com/news/benzinga:c5647a8b6094b:0-chinese-tech-giants-alibaba-and-tencent-ramp-up-ai-investments-with-nearly-a-third-of-deals-since-2023-aimed-at-ai-startups/ | null | [{'symbol': 'NYSE:BABA', 'base_logoid': 'alibaba'}, {'symbol': 'OTC:TCEHY', 'base_logoid': 'tencent'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'OTC:SFTBY', 'base_logoid': 'softbank'}] | /news/benzinga:c5647a8b6094b:0-chinese-tech-giants-alibaba-and-tencent-ramp-up-ai-investments-with-nearly-a-third-of-deals-since-2023-aimed-at-ai-startups/ | EN | Chinese tech giants Alibaba Group Holding Ltd NYSE:BABA and Tencent Holdings Ltd OTC:TCEHY are significantly increasing their investments in artificial intelligence startups, despite a general decrease in their overall investments.What Happened: Since 2023, Alibaba and Tencent have directed 40% and… | Chinese tech giants Alibaba Group Holding Ltd NYSE:BABA and Tencent Holdings Ltd OTC:TCEHY are significantly increasing their investments in artificial intelligence startups, despite a general decrease in their overall investments.
What Happened: Since 2023, Alibaba and Tencent have directed 40% and 30% of their deals in China, respectively, toward AI startups, marking record-high investments in the sector for both companies, reported The Wall Street Journal on Wednesday.
This shift in focus comes at a time when the two tech giants have been scaling back their investments due to regulatory challenges, the impact of the COVID-19 pandemic, and a slowing Chinese economy.
Despite these challenges, both companies have identified AI as a strategic priority. They aim to leverage the technology to strengthen their market influence and technological edge.
This renewed focus on AI is seen as a move to drive profits and expand their cloud services, which offer access to AI computing power and foundational AI models developed in-house. Wei Sun, senior analyst at market research firm Counterpoint Research stated "Investment in AI startups is a strategic effort to strengthen their technological edge and expand market influence," according to the report.
See Also:
"Generative AI holds massive business potential, and no tech giant would want to miss the opportunity," Charlie Dai, an analyst at market research company Forrester said, according to the report. "Investing in leading startups, even [ones that have already received investment from] competitors, will help tech giants to grasp the opportunities as much as they can."
Alibaba and Tencent have been instrumental in the growth of six Chinese AI startups, each valued at over $1 billion. These startups, known as China’s “Little Artificial-Intelligence Dragons,” have received significant funding from both companies.
Why It Matters: The increased investment in AI startups by Alibaba and Tencent is a significant development in the global AI landscape. This move comes at a time when Asian startups are of NVIDIA Corp. NASDAQ:NVDA in the AI chip market by developing more energy-efficient and cost-effective chips for specific AI applications.
Alibaba, in particular, has been heavily investing in generative AI, outperform Meta Platforms Inc.’s NASDAQ:META Llama 3 in specific tasks. The company is also set to launch an AI-powered conversational sourcing engine in September to enhance the buying and selling of goods online.
Furthermore, SoftBank Group OTC:SFTBY recently acquired UK-based chipmaker Graphcore to bolster its AI capabilities. This acquisition highlights the growing importance of AI infrastructure, including semiconductors and systems, in the tech industry.
Read Next:
Top Analyst Says Nvidia Poised For Strong Q2 Results: ‘There’s Still A Ton Of Spending On The AI Chips’Image Via Shutterstock
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240821:A3208472:0 | MSFT | Microsoft-backed OpenAI Enters Partnership With Conde Nast | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-21T09:37:08+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240821:A3208472:0/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/mtnewswires.com:20240821:A3208472:0/ | EN | Microsoft NASDAQ:MSFT-backed OpenAI said Tuesday it has entered a partnership with Conde Nast to display content from the latter's brands such as GQ, Vogue and the New Yorker within its products, including ChatGPT and the SearchGPT prototype. Financial terms were not disclosed. The company said it… | Microsoft NASDAQ:MSFT-backed OpenAI said Tuesday it has entered a partnership with Conde Nast to display content from the latter's brands such as GQ, Vogue and the New Yorker within its products, including ChatGPT and the SearchGPT prototype.
Financial terms were not disclosed.
The company said it is collaborating with its news partners to collect feedback and insights on the design and performance of SearchGPT.
OpenAI Chief Operating Officer Brad Lightcap said the company wants to work with Conde Nast and other news publishers to "ensure that as AI plays a larger role in news discovery and delivery, it maintains accuracy, integrity and respects for quality reporting."
OpenAI previously signed similar deals with publishers including the Time magazine, Financial Times and the Associated Press.
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tradingview:814b482f4094b:0 | NVDA | NVDA: Nvidia Stock Snaps 6-Day Bull Run as Chip Giant Nears Earnings Release | tradingview | https://www.tradingview.com/news/providers/tradingview/ | 2024-08-21T09:03:10+00:00 | https://www.tradingview.com/news/tradingview:814b482f4094b:0-nvda-nvidia-stock-snaps-6-day-bull-run-as-chip-giant-nears-earnings-release/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/tradingview:814b482f4094b:0-nvda-nvidia-stock-snaps-6-day-bull-run-as-chip-giant-nears-earnings-release/ | EN | Towering tech mainstay ended its longest winning streak since March as investors took a cautious stance despite otherwise calm market. | Towering tech mainstay ended its longest winning streak since March as investors took a cautious stance despite otherwise calm market.
Nvidia stock NASDAQ:NVDA fell over 2% Tuesday to close at $127.25 per share. The company snapped its longest streak since March — a total of six days — as investors decided to take a risk-off approach to the volatile stock (despite a gargantuan valuation of $3.13 trillion.) The drop wasn’t pointing to a specific event other than the with all three major stock indexes shifting lower. Still, this stock is likely to get moving over the next few trading sessions. The chip maker, led by Jensen Huang, is preparing to offload its earnings data. On August 28, Nvidia will report its financials for the most recent quarter. And with the earnings season now largely in the rearview mirror, Nvidia’s report will be everything that day. Prepare for volatility and even some outsized moves — these are to Nvidia. With Tuesday’s drop factored in, Nvidia still brags a hefty 164% increase this year. In comparison, the broad-based S&P 500 is up about 17% and the tech-heavy Nasdaq Composite is higher by 19% over the same time span. On the other end of the spectrum, the technology heavyweight is about 6% away from its record high of $135.58 hit on June 18. | stocks | null | null | null |
AA1pak07 | 7203 | 「取引先の社長に良い顔がしたい」業務販売価格以上に値引きし補填か 詐欺で送検のトヨタ系販売店の元社員 | 愛知のニュース（テレビ愛知） | https://news.tv-aichi.co.jp/ | 2024-08-21T07:55:09+00:00 | https://www.msn.com/ja-jp/news/national/取引先の社長に良い顔がしたい-業務販売価格以上に値引きし補填か-詐欺で送検のトヨタ系販売店の元社員/ar-AA1pak07 | null | null | https://news.tv-aichi.co.jp/single.php?id=5512 | null | トヨタ自動車系販売店の元社員の男が、自動車販売会社に架空の取引をもちかけ現金約1億円をだまし取ったとして逮捕された事件で、男は、生活水準を維持するためにだまし取った金の一部を自身の口座に入金していた趣旨の供述をしていることが捜査関係者への取材で新たに分かりました。 詐欺の疑いで逮捕・送検されたのはNTP名古屋トヨペットの元従業員渡邊昌彦容疑者です。 警察によ... | トヨタ自動車系販売店の元社員の男が、自動車販売会社に架空の取引をもちかけ現金約1億円をだまし取ったとして逮捕された事件で、男は、生活水準を維持するためにだまし取った金の一部を自身の口座に入金していた趣旨の供述をしていることが捜査関係者への取材で新たに分かりました。
詐欺の疑いで逮捕・送検されたのはNTP名古屋トヨペットの元従業員渡邊昌彦容疑者です。
警察によりますと渡邊容疑者は2023年11月、名古屋市にある中古車販売会社に自動車売買の仲介名目で架空の取引きを持ち掛け、現金約1億円をだまし取った疑いで20日、逮捕されました。渡邊容疑者は4年ほど前から複数の会社と同様の架空取引を500回ほど繰り返していたとみられ、被害総額は14億円を超えるとみられています。
その後の捜査関係者への取材で渡邊容疑者は、2015年には手取りで1700万円ほどあった年収が2023年は400万円ほどに減少し、生活水準を維持する為にだまし取った金の一部を自身の口座に入金していた趣旨の供述をしている事が新たに分かりました。
また、渡邊容疑者は別の自動車販売会社の社長から「カーナビが安く手に入らないか」などと言われ、渡邊容疑者は、「取引先の社長に良い顔がしたいと思い、自らが働いていた会社には内緒で、10年以上前からカーナビなどを業務販売価格以上に値引きして販売し、その差額分を自己資金で補填して会社に入金していたが、年収が大幅に下がったことで、金が回らなくなった」などといった供述をしている事も新たに分かりました。
警察は、渡邊容疑者がだまし取った金の流れなどを慎重に調べています。 | stocks | article | トヨタ自動車株式会社 | msn_money |
DJN_DN20240821001196:0 | 7203 | This Corporate Bond Fund Is Low Risk — and High Reward — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-21T07:00:00+00:00 | https://www.tradingview.com/news/DJN_DN20240821001196:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NYSE:BRK.A', 'base_logoid': 'berkshire-hathaway'}, {'symbol': 'NYSE:BLK', 'base_logoid': 'blackrock'}, {'symbol': 'NASDAQ:CG', 'base_logoid': 'the-carlyle-group'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/DJN_DN20240821001196:0/ | EN | By Lewis BrahamBefore they invest any money in a collateralized loan obligation, managers Jeffery Elswick and Tim Tucker of Frost Credit want to see if there's any "skin in the game."That means insider ownership by the CLO's issuers, so they're taking on more credit risk than Frost Credit. "You hav… | By Lewis Braham
Before they invest any money in a collateralized loan obligation, managers Jeffery Elswick and Tim Tucker of Frost Credit want to see if there's any "skin in the game."
That means insider ownership by the CLO's issuers, so they're taking on more credit risk than Frost Credit. "You have to make sure the issuers have skin in the game, so they lose a dollar before we lose a dollar," Elswick says.
Much like collateralized mortgage debt, which proved disastrous in the 2008-2009 crash, CLOs are bundles of loans, albeit corporate instead of mortgage ones that are issued by large institutional money managers such as Carlyle Group or Golub Capital. As diverse credit pools, they can be opaque and difficult to analyze.
Requiring that issuers who manage these loan portfolios invest their own money in the CLO reduces the chance that the issuer is simply unloading all their loans' risks onto outside investors, as they did during the mortgage crisis. Moreover, requiring that issuers own subordinate, lower-credit-quality portions of the CLO's loan portfolio ensures the issuers will face losses first in the event of defaults in that portfolio.
Frost Credit is one of the few bond funds to take full advantage of CLOs in this risk-conscious manner, and it's paid off. In the past five years, it's beaten 91% of its peers in Morningstar's Multisector Bond fund category with a 4.3% annualized return versus the category's 2.5%. In the past 10 years, it's beaten 97%. The $332 million fund's 0.98% expense ratio is higher than its category peers' 0.81% average, but its specialized nature and superior performance justify that fee.
Because CLOs generally hold floating-rate loans that increase their payouts as interest rates rise, the fund lost less than its peers during 2022's bond crash: down 7.8% versus the average category fund's 9.9% loss, and the broad bond market's 13% decline. As rates spiked, the fund's CLO weighting got as high as 26.5% by the end of 2022. (Regular bond prices move inversely with rates.)
More recently, the team has brought the fund's CLO weighting down to 16%, as rate increases are most likely over. Elswick and Tucker have also gradually upgraded the credit quality of the entire portfolio, cutting the fund's below-investment-grade or high-yield debt exposure in half, from 34% on June 30 of 2023 to 17% on June 30, 2024.
Meanwhile, higher-quality investment grade debt went from 60% to 76% during the same period. The CLO issues they hold now have credit ratings ranging between AA and BBB, Elswick says, but still typically yield in the 7% to 8% range, generally higher than comparable high yield bonds with lower credit qualities.
One recent purchase is a CLO issue called Magnetite, which has an issued coupon rate of 7.3% and is run by BlackRock, one of the world's largest and most respected money managers.
"Magnetite's a little bit on the expensive side, but they've done a phenomenal job managing their CLOs over the years," Tucker says.
Making such dramatic portfolio shifts can be tricky, but both Elswick and Tucker have decades of experience, and have long specialized in what is called "securitized credit," bundled debt such as CLOs.
In fact, before joining Frost Investment Advisors in 2011, Tucker was a director at THL Credit, the credit affiliate of a private-equity firm where he was responsible for sourcing, structuring, underwriting, and monitoring leveraged loans and high yield bonds. So, he has a former insider's view of securitized credit.
In addition to CLOs, Frost Credit currently has a 14.5% weighting in asset backed securities or ABS, bundles of, mainly, auto loans. Here again the team generally requires issuers have skin in the game.
While they have owned positions in subprime auto-loan ABS in the past, lately they've been cutting back on those as their concerns about an economic slowdown in which borrowers default grow. They have been buying prime auto ABS issued by car maker Toyota Motor.
"Toyota is nice and boring, right?" Elswick says. "You're not going to make a home run by any stretch, but they're essentially safer credits."
On the subprime side, Tucker and Elswick still like ABS issues of Tricolor Auto Securitization, which specializes in subprime loans to the Hispanic population in Texas. "We're getting paid very well for the risk we're taking," Tucker says. "And we did a ton of work on the manager. The founder [Daniel Chu] owns 35% of the business. It's risky, but it's his baby and we like how [Tricolor] really does true credit work on the [loans in its ABS portfolio]."
While credit quality can be a risk with ABS, interest-rate sensitivity tends to be less as fixed-rate auto loan maturities tend to be short-term, often two to four years. (Longer duration bonds are more rate sensitive.) This debt maturity range on the yield curve Tucker and Elswick favor currently as the curve is inverted now with long-term debt yielding less than short-term debt.
"We're nervous on the long end of the curve, 10 years, 20 years, 30-year bonds, because of what's going on with the federal government and the supply of Treasury securities," Tucker says. "But as it relates to the two-to-four year part of the curve, we think that part of the U.S. bond market is going to outperform."
As the Fed cuts rates, the shorter-end of the inverted yield curve should benefit more than the long where rates are already low.
Still, now that the rate hikes are over, all bonds should benefit from cuts, so the team has gradually increased its exposure to more traditional longer-maturity debt that is more rate-sensitive.
The fund also holds conventional high quality corporate bonds like that of train company and Berkshire Hathaway subsidiary Burlington Northern Santa Fe. "Burlington Northern is an example where we wanted to increase our allocation to investment grade rated corporates on the longer end of the [yield] curve," Elswick says.
That said, it is the managers' expertise in CLOs and ABS debt that really differentiates this fund.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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urn:newsml:mtnewswires.com:20240820:G2404323:0 | 7203 | Market Chatter: GAC Toyota Motor Cuts Monthly Sales Targets By 20% | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-21T03:56:04+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240820:G2404323:0/ | null | [{'symbol': 'SSE:601238', 'base_logoid': 'guangzhou-automobile-group-co-ltd'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}] | /news/mtnewswires.com:20240820:G2404323:0/ | EN | GAC Toyota Motor, the joint venture of Guangzhou Automobile Group SSE:601238 and Toyota Motor TSE:7203, slashed its dealers' monthly sales targets by about 20%, Yicai Global reported Tuesday. Aside from cutting targets, the automobile company is also introducing new incentives to encourage dealers… | GAC Toyota Motor, the joint venture of Guangzhou Automobile Group SSE:601238 and Toyota Motor TSE:7203, slashed its dealers' monthly sales targets by about 20%, Yicai Global reported Tuesday.
Aside from cutting targets, the automobile company is also introducing new incentives to encourage dealers and bolster car sales, the report noted.
A GAC Toyota dealership manager in Guangdong, China, told Yicai they are selling about 14 vehicles for every sales person on a monthly basis, but they are still struggling with meeting the target due to weak demand.
GAC Toyota's sales dropped 25% year over year to 362,100 vehicles during the first half, Yicai said.
Toyota Motor's shares fell more than 1% in recent trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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tag:reuters.com,2024:newsml_L1N3K802R:0 | NVDA | FPT consortium commences work on $173 mln AI centre in southern Vietnam | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-21T03:18:27+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3K802R:0-fpt-consortium-commences-work-on-173-mln-ai-centre-in-southern-vietnam/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'HOSE:FPT', 'base_logoid': 'fpt-corporation'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/reuters.com,2024:newsml_L1N3K802R:0-fpt-consortium-commences-work-on-173-mln-ai-centre-in-southern-vietnam/ | EN | Vietnam's top tech firm FPT HOSE:FPT and its subsidiaries kicked off construction on a $174 million artificial intelligent project in south-central Binh Dinh province, its latest push to tap into AI sector, the company said on Wednesday. The project, developed by a consortium including FPT City Dan… | Vietnam's top tech firm FPT HOSE:FPT and its subsidiaries kicked off construction on a $174 million artificial intelligent project in south-central Binh Dinh province, its latest push to tap into AI sector, the company said on Wednesday.
The project, developed by a consortium including FPT City Danang, FPT Investment, and FPT Software, covers an area of 93.24 hectares, FPT said in a statement.
It comprises an AI centre, an education zone and a supporting urban zone, of which the AI centre will focus on research, software production, digital transformation assistance and cybersecurity solution provision, it added.
FPT is the most valuable technology company on Vietnam's Ho Chi Minh City bourse, with a market capitalisation of $7.7 billion. It offers a variety of AI, cloud and big data services, and last year its total revenues exceeded $2 billion.
In April, FPT announced a plan to build a $200 million AI factory using Nvidia's NASDAQ:NVDA graphics chips and software.
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AA1p8P5x | 7203 | ホンダ＆日産の「EV連合」に三菱自動車も参画 日本の自動車産業は「トヨタグループ」と「関東連合」の2大勢力に | マネーポストWEB | https://www.moneypost.jp/ | 2024-08-20T22:17:32+00:00 | https://www.msn.com/ja-jp/money/other/ホンダ-日産の-ev連合-に三菱自動車も参画-日本の自動車産業は-トヨタグループ-と-関東連合-の2大勢力に/ar-AA1p8P5x | null | null | https://www.moneypost.jp/1180088 | null | 世界的なEV（電気自動車）シフトに対応すべく、日本でも協業の動きが活発化しているなか、事態が動いた。3月に発表された日産とホンダの協業検討に三菱自動車も加わり「3社連合」になったのだ。表向き関係は進展しているように見え […] | 世界的なEV（電気自動車）シフトに対応すべく、日本でも協業の動きが活発化しているなか、事態が動いた。3月に発表された日産とホンダの協業検討に三菱自動車も加わり「3社連合」になったのだ。表向き関係は進展しているように見えるが、各社の思惑やいかに。長年、自動車業界を取材してきたジャーナリストの井上久男氏がレポートする。【前後編の前編。後編を読む】
【写真】ホンダの新型EV「N-VAN e:」と日産の新型EV「アリアNISMO」
主要機能で“手を握った” 「（3月の発表時の）前回、握手は時期尚早だったが、今回は握手できる関係にまで進展した──」
8月1日、日産自動車の内田誠社長とホンダの三部敏宏社長が共同で記者会見した際、三部氏はこう切り出した。
同日、両社は次世代EVに関して共同研究契約を結んだと発表。EVの車載ソフトや電池（バッテリー）、モーターとそれを制御するパワー半導体などで構成される「イーアクスル」で仕様を共通化、電池に関しては相互供給も行なう計画だ。
次世代EVはパソコンやスマートフォンのように基本ソフト（OS）によってあらゆる機能が中央制御されるようになる。
この「クルマのスマホ化」により、各社はソフトウェアの優劣で差別化を図る局面に突入した。
業界では勝ち残るためのカギになるのは開発のスピードと莫大な開発費を回収するための規模の大きさだと言われている。
1日の会見では、両社の協業スキームに三菱自動車が参画することも発表された。日産は現在、三菱の株式の34％を保有して傘下に収めており、「3社連合」が成立する可能性が高まる。
三菱自動車は2023年度のグローバル販売が約82万台。規模はホンダの5分の1程度だが東南アジアに強く、タイで主力のピックアップトラック「トライトン」などが有名だ。技術ではプラグインハイブリッド（PHV）の評価が高い。実はピックアップトラックやPHVはホンダにはない技術で、「社内では日産よりも三菱に対する評価が高い」（ホンダ社員）との声もある。
2023年度の3社のグローバル販売を合計すると約850万台。世界首位となる1100万台を売ったトヨタ自動車の背中が見える位置取りができる。
今回、協業について大まかに合意した分野を見ると、車載OSは人間の器官で言えば「頭脳」、電池は「心臓」、実際にタイヤを動かすイーアクスルは「手足」だ。次世代車の主要機能でがっちり手を握ることになる。
私は今後、この3社が資本提携にまで踏み込む可能性は高いと見ている。他社幹部からも3社の本社がともに関東にあるため、「資本提携による『関東連合』ができるのではないか」という声が聞こえてくる。
「トヨタグループ」と「関東連合」の2大勢力に 現に三部氏も「現時点で資本提携の話はしていないが、否定するものではない」と含みをもたせた。内田氏は「現在はWHAT（何をするか）が中心だが、今後それがHOW（どのようにするか）に変化していく」と述べている。
資本提携にまで踏み込む関係になれば、日本の自動車産業はトヨタとトヨタが出資するスバル、マツダ、スズキ、いすゞといった広義の「トヨタグループ」と、「関東連合」の2大勢力に大きく分かれることになる。
しかし、日産とホンダは企業文化や開発哲学が違う。一例を挙げると、「（カルロス・）ゴーン経営」を経てコスト重視の経営をしてきた日産に対し、ホンダは潤沢な開発費をバックに贅沢な開発体制を敷いてきた。こうした両社が折り合いを付けながら、確実な協業体制を構築できるのか。
今年6月中旬、協業交渉に携わる関係者からこんな声が漏れてきた。
「協業交渉が予定通り進んでいない。交渉の実務責任者同士の意見が噛み合っていないようだ」
たとえば、電池の交渉の実務責任者は日産側が平井俊弘専務で、ホンダ側が小栗浩輔BEV開発完成車開発統括部長。平井氏は1984年入社で年齢は60代。日産のパワートレイン領域を牽引してきた代表的な技術者の一人だ。これに対し、2001年入社の小栗氏はまだ40代だ。
「2人は世代も違うため、今後の技術がどうあるべきかについてなかなか折り合いがつかなかったようだ」（前出の関係者）
内田氏は会見で「課題認識は現場レベルに行くほど同じだった」と語ったが、実態はやや違うのではないかと感じている。なぜなら、両トップの考えが一致しても、実務レベルになると交渉が難航したと聞くからだ。
実際、当初6月末までに結論を出す方向で動いていたが、発表は目論見より1か月近く遅れた。
（後編に続く）
【プロフィール】
井上久男（いのうえ・ひさお）／ジャーナリスト。1964年生まれ。大手電機メーカー勤務を経て、朝日新聞社に入社。経済部記者として自動車や電機産業を担当。2004年に独立、フリージャーナリストに。主な著書に『日産vs.ゴーン 支配と暗闘の20年』などがある
※週刊ポスト2024年8月30日・9月6日号 | stocks | article | トヨタ自動車株式会社 | msn_money |
benzinga:0b38527c7094b:0 | QQQ | S&P 500, Nasdaq 100 Snap 8-Day Winning Streak: What Triggered Wall Street's Setback On Tuesday? | benzinga | https://benzinga.com/ | 2024-08-20T20:39:21+00:00 | https://www.tradingview.com/news/benzinga:0b38527c7094b:0-s-p-500-nasdaq-100-snap-8-day-winning-streak-what-triggered-wall-street-s-setback-on-tuesday/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:XLP', 'base_logoid': 'sector/consumer-staples'}, {'symbol': 'AMEX:XLV', 'base_logoid': 'sector/health-care'}, {'symbol': 'AMEX:XLRE', 'base_logoid': 'sector/real-estate'}, {'symbol': 'AMEX:XLE', 'base_logoid': 'sector/energy'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:XOM', 'base_logoid': 'exxon'}, {'symbol': 'NASDAQ:PODD', 'base_logoid': 'insulet'}, {'symbol': 'NASDAQ:DXCM', 'base_logoid': 'dexcom'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NYSE:PSX', 'base_logoid': 'phillips-66'}, {'symbol': 'NASDAQ:MRNA', 'base_logoid': 'moderna'}] | /news/benzinga:0b38527c7094b:0-s-p-500-nasdaq-100-snap-8-day-winning-streak-what-triggered-wall-street-s-setback-on-tuesday/ | EN | After eight consecutive positive sessions, Wall Street hit a pause. The S&P 500 and Nasdaq 100 indices ended Tuesday’s session with slight declines, halting their best winning streaks since May 2024 and October 2023, respectively.The day was characterized by a lack of economic data, leading to a si… | After eight consecutive positive sessions, Wall Street hit a pause. The S&P 500 and Nasdaq 100 indices ended Tuesday’s session with slight declines, halting their best winning streaks since May 2024
The day was characterized by a lack of economic data, leading to a significant drop in trading volumes across major U.S. stock exchanges.
Fed Governor Michelle Bowman delivered hawkish comments in the afternoon, stating that she still sees upside risks to inflation. This did little to improve an already negative session.
Bowman further emphasized that wage gains remain above the pace consistent with the Fed's inflation goal, and stressed the need to remain vigilant on the price-stability side of the Fed’s mandate while monitoring risks of a material weakening in the labor market.
Tuesday’s Major Drags On S&P 500, Nasdaq 100
The S&P 500, tracked by the SPDR S&P 500 ETF Trust AMEX:SPY, closed down 0.2%. A similar drop was observed in the tech-heavy Nasdaq 100 index, as tracked by the Invesco QQQ Trust NASDAQ:QQQ.
Sector performance saw three sectors finishing in positive territory and eight in the red:
The Consumer Staples Select Sector SPDR Fund AMEX:XLP rose 0.5% Health Care Select Sector SPDR Fund AMEX:XLV rose 0.4%The Real Estate Select Sector SPDR Fund AMEX:XLRE edged up by 0.1%.On the downside, energy stocks led the laggards as WTI oil prices fell below $74 per barrel, marking a two-week low. The Energy Select Sector SPDR Fund AMEX:XLE dropped 2.6%.
Among individual stocks, Nvidia Corp. NASDAQ:NVDA was the biggest drag on the S&P 500, falling 2.1% and accounting for a 0.15 percentage point loss in the overall index. Exxon Mobil Corp. NYSE:XOM was another significant negative contributor, falling 3.4% and shaving off 0.04 percentage points from the S&P 500 performance.
The worst performers in the S&P 500 were Insulet Corp. NASDAQ:PODD and DexCom Inc. NASDAQ:DXCM, which plunged 6.9% and 6.3%, respectively.
In the Nasdaq 100, Nvidia weighed down the index by 0.18 percentage points, followed by Broadcom Inc. NASDAQ:AVGO, which contributed to a 0.05 percentage point loss. The tech index’s worst performers were DexCom and China’s PDD Holdings Inc. NASDAQ:PDD, the latter dropping 4.6%.
Tuesday’s Worst Contributors To The S&P 500 Performance
CompanyWeight (%)1-day return (%)ContributionNVIDIA Corporation6.78-2.14%-0.15ppExxon Mobil Corporation1.13-3.35-0.04ppBroadcom Inc.1.55-1.05-0.02ppTuesday’s Worst-Performing S&P 500 Stocks
Company1-day return (%)Insulet Corporation-6.88DexCom, Inc.-6.27Phillips 66 NYSE:PSX-5.00Tuesday’s Worst Contributors To The Nasdaq 100 Performance
CompanyWeight (%)1-day return (%)ContributionNVIDIA Corporation8.26-2.14-0.18ppBroadcom Inc.5.18-1.05-0.05ppPDD Holdings Inc.0.67-4.55-0.03ppTuesday’s Worst-Performing Nasdaq 100 Stocks
Company1-day return (%)DexCom, Inc.-6.27PDD Holdings Inc.-4.55Moderna, Inc. NASDAQ:MRNA-3.35Read now:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240820:A3208268:0 | MSFT | Take-Two Interactive Software's 2K, Gearbox Set 'Borderlands 4' Launch in 2025 | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-20T19:55:17+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240820:A3208268:0/ | null | [{'symbol': 'NASDAQ:TTWO', 'base_logoid': 'take-two-interactive-software'}, {'symbol': 'TSE:6758', 'base_logoid': 'sony'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/mtnewswires.com:20240820:A3208268:0/ | EN | Take-Two Interactive Software's NASDAQ:TTWO 2K division and its Gearbox Software studio said Tuesday that "Borderlands 4," the latest entry in the video-game series, will launch in 2025. The game will be available on Sony Group's TSE:6758 PlayStation 5, Microsoft's NASDAQ:MSFT Xbox Series X and S a… | Take-Two Interactive Software's NASDAQ:TTWO 2K division and its Gearbox Software studio said Tuesday that "Borderlands 4," the latest entry in the video-game series, will launch in 2025.
The game will be available on Sony Group's TSE:6758 PlayStation 5, Microsoft's NASDAQ:MSFT Xbox Series X and S and on PCs via Steam and Epic Games Store.
Shares of Take-Two rose 2.8% in recent trading Tuesday.
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urn:newsml:mtnewswires.com:20240820:A3208254:0 | NVDA | Nvidia Results, Outlook Poised for Upside Amid 'Sustained' AI Demand, Oppenheimer Says | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-20T19:35:12+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240820:A3208254:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240820:A3208254:0/ | EN | Nvidia NASDAQ:NVDA could see upside to its latest quarterly financial results and guidance amid "sustained" artificial intelligence demand among cloud service providers and enterprises, Oppenheimer said Tuesday. The technology giant is scheduled to report its fiscal second-quarter results Aug. 28… | Nvidia NASDAQ:NVDA could see upside to its latest quarterly financial results and guidance amid "sustained" artificial intelligence demand among cloud service providers and enterprises, Oppenheimer said Tuesday.
The technology giant is scheduled to report its fiscal second-quarter results Aug. 28. Oppenheimer projects non-GAAP earnings at $0.62 a share on net sales expected to more than double at $28.04 billion. Analysts polled by Capital IQ are looking for $0.64 and $28.59 billion, respectively.
"Lead times have normalized, though supply remains tight, gated by advanced packaging capacity," Oppenheimer analysts Rick Schafer, Wei Mok and Dustin Fowler said in a note to clients. The company's B100 chip is expected to see low-volume market introduction in the fourth quarter, with "meaningful ramp" likely in the following quarter, the analysts said, adding that its Hopper graphics processing unit is likely to fill demand in the interim.
Nvidia's NVL36 and NVL72 racks give it additional edge over competitors, according to the note. The analysts expect mix to initially favor NVL36 over NVL72 as it "best accommodates" existing data center infrastructure.
The company's data center business is expected to see strong growth in the second quarter led by its H100 GPU, with contribution from H200 expected in the ongoing three-month period, according to the note. The brokerage expects "durable" InfiniBand share gains in the near term.
Nvidia shares were down 1.9% in Tuesday late-afternoon trade, but are up more than 150% so far this year amid the AI boom.
The company's RTX platform is expected to drive second-quarter performance in its gaming segment, with channel inventory levels seen as "healthy," the trio said. Nvidia's next-generation Tegra GPU is likely designed into the upcoming Nintendo Switch 2, due in the first half of 2025, they added.
Oppenheimer increased its adjusted EPS outlook to $2.70 from $2.62 for fiscal 2025 and to $3.77 from $3.32 for fiscal 2026. The brokerage raised its 2027 estimate to $4.43 from $4.11. The upgraded guidance takes into account an improved supply situation, according to the note.
The analysts said they see Nvidia as "best positioned" in AI. The company has the "best-in-group" operating and gross margin profile, they added. The brokerage reiterated its outperform rating and a $150 price target on the stock. "We remain long-term buyers," the trio wrote.
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urn:newsml:mtnewswires.com:20240820:A3208249:0 | MSFT | Microsoft-backed OpenAI Reaches Deal to Display Conde Nast Content | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-20T19:04:06+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240820:A3208249:0/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/mtnewswires.com:20240820:A3208249:0/ | EN | Microsoft-backed NASDAQ:MSFT OpenAI reached a deal with Conde Nast to display content from the mass media firm's publications, according to a statement Tuesday. The agreement lets OpenAI display content from brands like Vogue, the New Yorker, Wired, and others, in its products, including ChatGPT an… | Microsoft-backed NASDAQ:MSFT OpenAI reached a deal with Conde Nast to display content from the mass media firm's publications, according to a statement Tuesday.
The agreement lets OpenAI display content from brands like Vogue, the New Yorker, Wired, and others, in its products, including ChatGPT and the SearchGPT prototype.
OpenAI previously agreed to license content from the Associated Press, News Corp., the Financial Times, Axel Springer, Time, Vox Media, and more.
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benzinga:39fe365d4094b:0 | NVDA | AMD Analysts On ZT Systems Buy: 'A Step in the Right Direction' To Narrow Gap With Nvidia | benzinga | https://benzinga.com/ | 2024-08-20T18:51:11+00:00 | https://www.tradingview.com/news/benzinga:39fe365d4094b:0-amd-analysts-on-zt-systems-buy-a-step-in-the-right-direction-to-narrow-gap-with-nvidia/ | null | [{'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/benzinga:39fe365d4094b:0-amd-analysts-on-zt-systems-buy-a-step-in-the-right-direction-to-narrow-gap-with-nvidia/ | EN | Advanced Micro Devices Inc NASDAQ:AMD has caught the market’s attention with its latest strategic move—the acquisition of ZT Systems, a privately-held company known for its expertise in compute infrastructure.As AMD aims to bolster its AI systems capabilities, Wall Street analysts have shared their… | Advanced Micro Devices Inc NASDAQ:AMD has caught the market’s attention with its latest strategic move—the acquisition of ZT Systems, a privately-held company known for its expertise
As AMD aims to bolster its AI systems capabilities, Wall Street analysts have shared their mixed reactions. Here’s a look at what the experts have to say about this $4.9 billion deal and its implications for AMD's future.
JPMorgan On AMD Stock: Narrowing The Gap With Nvidia
JPMorgan analyst Harlan Sur maintains a Neutral rating on AMD with a price target of $180.
Sur views the acquisition as a positive move for AMD, particularly in enhancing its AI infrastructure. “Overall, we believe this is a step in the right direction for AMD and should help to potentially close the gap between Nvidia Corp NASDAQ:NVDA over the next few years,” Sur states.
The acquisition of ZT Systems, a designer and manufacturer of compute infrastructure for hyperscalers and compute OEMs, is expected to synchronize AMD's next-gen GPU introduction timelines with customer compute systems.
Sur highlights that “ZT Systems' strong development team” will allow AMD to “develop innovative networking / connectivity solutions (UALink/Infinity fabric switching solutions) over copper/optical to potentially further lower power consumption/boost performance in its next generation racks scale reference platforms.”
Oppenheimer On AMD Stock: Cautious Optimism Amid Competition
Oppenheimer analyst Rick Schafer holds a Perform rating on AMD, without providing a specific price target.
Schafer recognizes the strategic intent behind the acquisition but remains cautious. “We acknowledge AMD’s measured approach to filling AI platform ‘holes’ but see a long road ahead against entrenched AI 800lb gorilla NVDA,” Schafer said.
The $4.9 billion acquisition, split 75/25 between cash and stock, is expected to close in the first half of 2025. Schafer notes that “ZT complements AMD's silicon/software with systems-level solutions” and that management expects the deal to be “dilutive to 2025 EPS but expects to exit the year accretive.”
Despite this, Schafer remains concerned about AMD’s position relative to its competitors, stating, “We remain cautious toward AMD’s ability to deliver a profitable long-term business model as the second horse in the secularly declining PC market.”
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Stifel On AMD Stock: Long-Term Growth Potential
Stifel analyst Ruben Roy rates AMD as a Buy with a price target of $200.
Roy is optimistic about the acquisition, noting that it “adds AI systems expertise to AMD's compute silicon and growing software portfolio with the addition of 1,000 engineers.”
Roy views the acquisition as a logical next step for AMD in its efforts to expand AI capabilities and accelerate adoption of rack-scale systems with cloud service providers. He acknowledges the challenges ahead, particularly in relation to Nvidia, but believes that AMD is well-positioned to continue its momentum in data center and enterprise markets.
Roy concludes, “Despite near-term demand volatility, we expect share gains to drive growth well above market, and we expect gross and operating margin expansion to continue.”
Truist Securities On AMD Stock: Filling The Gaps But Not Catching Up
Truist Securities analyst William Stein reiterates a Hold rating on AMD, with an unchanged price target of $156.
Stein sees the acquisition of ZT Systems as a move to “plug a hole” in AMD's offerings, but cautions that it “doesn’t level the playing field with NVDA.”
Stein notes that while the acquisition provides AMD with a path to delivering system-level designs similar to Nvidia’s capabilities, the latter's advantage in software remains significant. “We note AMD’s progress in DC/AI, especially compared to Intel (INTC, Hold), but continue to favor NVDA over the others in this DC/AI cohort,” Stein explains.
AMD's acquisition of ZT Systems has sparked a range of opinions among analysts, reflecting both optimism and caution. While the deal could help AMD make strides in the AI and compute infrastructure space, the company still faces significant challenges in outpacing competitors like Nvidia.
As AMD continues to navigate this competitive landscape, the success of this acquisition will be closely watched by investors and analysts alike.
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Photo courtesy of AMD.
Latest Ratings for AMD
DateFirmActionFromToFeb 2022BernsteinUpgradesMarket PerformOutperformFeb 2022Daiwa CapitalUpgradesOutperformBuyFeb 2022MizuhoMaintainsBuyView More Analyst Ratings for AMD
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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