These are some of the stocks posting the largest moves midday. Source link
Author: usaeverydaylife
Japan’s stock market surged to a record high overnight as new political leadership in Tokyo fueled bets on stronger fiscal support and stable monetary policy. Here’s how U.S. investors can take advantage of one of the world’s most powerful equity bull runs. Japan’s Nikkei 225 index jumped 4.8% to overnight Monday after the country’s ruling Liberal Democratic Party elected staunch conservative Sanae Takaichi as its new leader Saturday, putting her on track to become Japan’s first female prime minister. The rally was led by gains in real estate, technology and consumer cyclical stocks. Investors interpreted the outcome as signaling continued…
OpenAI’s blockbuster chip-buying agreement with Advanced Micro Devices appears to be a shot across the bow at market leader Nvidia . Jim Cramer says Nvidia is hardly surrendering its lead in the AI computing race. “In the end — I know this is going to be facetious — I think everybody wins,” Jim said Monday, as AMD shares surged more than 30% on its deal with the ChatGPT creator, which AMD expects will result in tens of billions of revenue in the coming years. Nvidia’s stock, meanwhile, slipped about 1.5% on Monday, which Jim suggested is not a surprising initial…
Samuel Boivin | Nurphoto | Getty ImagesDeloitte on Monday announced a deal to bring Anthropic’s artificial intelligence assistant Claude to more than 470,000 of its employees around the globe. The rollout will be Anthropic’s largest enterprise deployment ever, building on a partnership that the two companies first unveiled last year. Deloitte, which offers consulting, tax and audit services, is one of the 300,000 business customers Anthropic has amassed in the four years since the startup’s founding. “We are both investing a significant amount in this partnership, whether that’s financial or whether it is just simply the engineering resource that we’re going to…
OpenAI’s investment in Advanced Micro Devices announced Monday is the latest deal to reignite enthusiasm around the AI investing trend, sparking a huge rally in shares of the chipmaker involved. But some analysts and investors have been raising eyebrows at the kinds of deals being hatched, seeing similarities to the vendor financing agreements that happened in the latter stages of the Dotcom Bubble. The buzzy ChatGPT startup could end up with a 10% stake in AMD under the agreement. OpenAI will deploy as many as 6 gigawats of AMD Instinct graphics processing units over a multiyear period. AMD issued a…
DevDay Doors are openDoors to the venue have opened, so CNBC and other attendees are heading inside to get registered and enjoy some breakfast ahead of Atlman’s keynote.— Ashley CapootLine is forming outside the venueOpenAI DevDayAshley Capoot | CNBCIt’s a crisp 60 degree morning here in San Francisco, and a line is starting to form outside the DevDay venue. Doors open at 8:30 a.m PT.— Ashley CapootThe DevDay ScheduleHere’s what’s on the agenda at this year’s DevDay.10 a.m PT: Altman will deliver the opening keynote with Romain Huet, OpenAI’s head of developer experience. The pair will share announcements and walk…
Instagram announced on Monday the launch of a new “Rings” award that will give 25 creators a literal gold ring and a matching badge on their profile, but no cash.Winners will be chosen by a panel including Instagram chief Adam Mosseri, filmmaker Spike Lee, designer Marc Jacobs and YouTuber Marques Brownlee.The move comes as Meta-owned Instagram has wound down its creator bonus program and brand deals are slowing across the industry, raising the question of why one of the world’s richest companies is offering jewelry and profile features instead of direct payouts.”It’s more about a special visibility and sort of…
Thirty-six buys, one hold and no sells: Medical device maker Boston Scientific is in pretty rarified air as far as Wall Street’s sell-side analysts are concerned. Why is that? Much of the investment world’s focus has rightly been directed at the AI build-out. It is, after all, a compelling growth story. However, there are other companies that have been growing rapidly, and for those seeking opportunities outside the AI sector, Boston Scientific (NYSE: BSX) may be worth considering. The company’s strong presence in cardiology, endoscopy, and neuromodulation has contributed to impressive top and bottom-line growth. The second quarter this year…
Alistair Berg | Digitalvision | Getty ImagesOnline holiday spending in the U.S. is expected to jump 5.3% year over year to $253.4 billion as consumers seek discounts and even enlist the help of artificial intelligence-powered chatbots, according to an Adobe Analytics report released Monday.Yet that growth would still be slower than the year-ago holiday season, when online sales rose 8.7% from Nov. 1 to Dec. 31, the company said. Adobe’s data tracks more than 1 trillion visits to U.S. retail websites, 100 million unique items and 18 different product categories.That growth is also below the 10-year average of roughly 13%…
U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY).Tom Williams | Michael A. McCoy | ReutersTop House Democratic Rep. Hakeem Jeffries on Monday challenged Republican House Speaker Mike Johnson to a live public debate about the government shutdown.”Given the urgency of the moment and the Republican refusal to negotiate a bipartisan agreement, a debate on the House Floor will provide the American people with the transparency they deserve,” Jeffries said in a letter to Johnson.”It will also give you an opportunity to explain your my way or the highway approach to…
