Nvidia CEO Jensen Huang said in an interview with CNBC’s “Closing Bell Overtime” that demand for the company’s next-generation artificial intelligence chip Blackwell is “insane.””Everybody wants to have the most and everybody wants to be first,” Huang said during the interview, which aired on Wednesday. Shares of Nvidia were up about 3% on Thursday morning.Blackwell, expected to cost between $30,000 and $40,000 per unit, is in hot demand from companies like OpenAI, Microsoft, Meta and other firms building AI data centers to power products like ChatGPT and Copilot.Nvidia has been the main beneficiary of the artificial intelligence boom, with shares…
Author: usaeverydaylife
MILWAUKEE — As the New York Mets pinballed between the Atlanta Braves and Milwaukee Brewers over the past week, they’d banished any thoughts of fatigue. The adrenaline of their postseason push, the momentum of their late-season magic, could carry them deeper into October.Late Wednesday, six outs away from their first postseason series win in nine years, the limitations imposed by their schedule caught up with them.Jackson Chourio and Garrett Mitchell each took setup man Phil Maton deep in a three-run eighth inning, and the Brewers came back to stun the Mets 5-3 in Game 2 of this best-of-three Wild Card…
Conagra Brands’ stock fell sharply this week after the packaged-food company reported quarterly earnings that fell well short of analysts’ expectations. We’ll discuss how to play it with options if this company is caught in a longer-term decline. Known for brands like Birds Eye frozen vegetables, Hebrew National hot dogs, and Reddi-Wip, Conagra (CAG) 8% to $30.08. For the fiscal first quarter ending August 25, Conagra posted an adjusted eps of 53 cents a share, missing estimates. Revenues of $2.79 billion also fell short of estimates. However, the company did reaffirm fiscal 2025 guidance, projecting adjusted earnings per share between…
Striking workers at the Red Hook Container Terminal in Brooklyn gather before a visit by Mayor Eric Adams after members of the International Longshoremen’s Association, or ILA, began walking off the job after 12:01 a.m. ET on October 01, 2024 in Brooklyn, New York. Spencer Platt | Getty ImagesAs the East and Gulf Coast ports strike hits its third day on Thursday, the nationwide logistics system is beginning to show signs of stress, with thousands of containers dumped at the wrong ports and billions of dollars in trade at anchor on ships. Ocean carrier surcharges for shipping clients are beginning to…
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesA federal judge will let expire a temporary restraining order against the Biden administration’s sweeping new student loan forgiveness plan, which could deliver relief to tens of millions of Americans.The plan could benefit as many as three in every four federal student loan holders, when combined with the administration’s previous efforts, according to an estimate by the Center for American Progress.U.S. District Judge Randal Hall in Georgia, appointed by former Republican President…
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Chesnot | Getty ImagesThe price of the XRP token tumbled Thursday, a day after the Securities and Exchange Commission filed to appeal a 2023 court ruling that determined XRP is not considered a security when sold to retail investors on exchanges.XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics.Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa…
The Eastern Conference may not be the stronger of the two NBA conferences, but its intrigue level rises above the West going into the season.The Boston Celtics are the defending NBA champions. The New York Knicks had a loud offseason following their best season in quite some time. The Philadelphia 76ers added Paul George to help Joel Embiid capture that elusive trip to the NBA Finals. What does Year 2 of Giannis Antetokounmpo and Damian Lillard look like? The young Orlando Magic feel primed to turn another corner. We could go on and on.Here to discuss how the East might…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyIndia has long been the destination for companies in developed markets to outsource labor intensive tasks.However, several new technology firms in the country aim to gain a share of research and development budgets – money previously protected for spending in Western markets.Over the years, the services sector of the Indian economy has grown to account for 45% of total exports, up…
As the fourth quarter gets underway, there are some stocks that may be poised to outperform over the next several months, according to Citi. September marked another positive month for stocks, with all three major averages finishing in the green, despite some tumultuous periods. The S & P 500 and the Nasdaq Composite are up more than 19% this year, and the Dow Jones Industrial Average is up more than 11%. “Now, broadening is apparent, with Value leading while Growth has not yet achieved July levels,” Scott Chronert said in a Friday note to clients. The investment bank’s head of…
A sign outside of the Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington.David Ryder | Getty ImagesMore than a decade ago, Starbucks bought its first coffee farm, in Costa Rica. Now the coffee giant has added two more to its portfolio.The Seattle-based company said Thursday that it’s invested in another farm in Costa Rica and its first in Guatemala in the hopes of getting closer to its goal of protecting its coffee supply from climate change.Rising temperatures, frosts in Brazil, three consecutive years of La Nina and other extreme weather have been hurting coffee…
