Nvidia’s latest quarterly results could signal a boost for other stocks in the artificial intelligence space. The company reported fiscal 2025 fourth-quarter revenue growth of 78% from the year-earlier period. Its guidance for the current quarter was also ahead of analyst expectations. That comes a month after the stock plummeted nearly 17% on worries that the emergence of Chinese AI startup DeepSeek could hinder spending in the space and lead to more competition. “With yet another ‘beat and raise’ quarter, NVIDIA’s latest results support our view that the AI compute industry should continue its strong growth despite recent concerns around…
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Recording artist Katy Perry performs onstage during the Pepsi Super Bowl XLIX Halftime Show at University of Phoenix Stadium, now known as State Farm Stadium, in Glendale, Arizona, on Feb. 1, 2015.Kevin Mazur | WireImage | Getty ImagesSinger Katy Perry and CBS’ Gayle King will join Jeff Bezos’ fiancee Lauren Sanchez on his rocket company Blue Origin’s next crewed mission.The company on Thursday announced the next six-person crew of its New Shepard rocket, which also includes aerospace engineer Aisha Bowe, film producer Kerianne Flynn and Amanda Nguyen, a bioastronautics research scientist and civil rights activist. The launch is planned for…
Jakub Porzycki | Nurphoto | Getty ImagesStandard Chartered’s bullish crypto analyst still sees bitcoin’s price hitting $500,000 during Donald Trump’s presidency — even after a selloff that sank the world’s largest digital currency to a three-month low.Geoffrey Kendrick, who heads up digital assets research at Standard Chartered, told CNBC he believes bitcoin will hit the $200,000 mark this year before climbing even further in the coming years.”Within the crypto ecosystem, what we need are traditional financial players, like Standard Chartered, like BlackRock and others that have the ETFs now to really step in,” Kendrick said in an interview with CNBC’s…
The Athletic’s debate series features two writers breaking down a specific topic. In this edition, Chantel Jennings and Ben Pickman debate which women’s college basketball player should win Player of the Year. Chantel Jennings: As we head into the final week of the season, there seems to be one overriding theme in women’s college hoops this year: parity at the top level of the game. We’ve already seen four No. 1 teams, and a handful of others are serious contenders for the national title. This is far more crowded at the top than we’ve ever seen (at least in the modern…
“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty ImagesHigh mortgage rates and elevated home prices combined to crush home sales in January.Pending sales, which are based on signed contracts for existing homes, dropped 4.6% from December to the lowest level since the National Association of Realtors began tracking this metric in 2001. Sales were down 5.2% from January 2024. These sales are an indicator of future closings.”It…
Omar Marques | Lightrocket | Getty ImagesThere’s a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities, including a combination of public credit and private credit. What’s surprising is that there is a significant component of private equity in the ETF wrapper. Because private credit is illiquid, it has been a problem getting this in an ETF wrapper, since ETFs need liquidity. They are trying to solve this problem by having Apollo provide credit…
D.A. Davidson sees a better setup for shares of Sterling Infrastructure going forward as demand for data centers continues to accelerate. The investment firm upgraded the construction services and infrastructure stock to a buy rating from neutral. Analysts led by Brent Thielman maintained their price target of $185, which implies a roughly 51% upside from the stock’s Wednesday closing price. Shares of Sterling Infrastructure have slumped 34% over the past three months and 23% so far in 2025, according to FactSet data. Thielman said the reset presents a good buying opportunity for investors. STRL 1Y mountain STRL 1Y chart “Considering…
Gene Hackman & wife Betsy Arakawa during The 60th Annual Golden Globe Awards – Arrivals at The Beverly Hilton Hotel in Beverly Hills, California, United States.Jeffrey Mayer | Wireimage | Getty ImagesAn investigation is underway into the circumstances surrounding the deaths of legendary actor Gene Hackman and his wife, Betsy Arakawa, the Santa Fe County Sheriff’s Office said Thursday.”The French Connection” star was 95.Hackman and Arakawa, 64, were found at their home in Santa Fe on Wednesday, alongside their dog.”An active and ongoing investigation” into their deaths, the sheriff’s office said.Deputies were called at about 1:45 p.m. Wednesday to an address on Old…
Jakub Porzycki | Nurphoto | Getty ImagesSnowflake shares popped more than 13% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results.The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share and $956 million in sales expected by analysts polled by LSEG. That reflected 27% year-over-year revenue growth.”We see tremendous opportunities ahead to support our customers throughout their end-to-end data lifecycle, and we are laser-focused on delivering on this vision,” said CEO Sridhar Ramaswamy in a press release. He called Snowflake the “most consequential data and AI company…
SURPRISE, Ariz. — The groundwork for Joc Pederson becoming a Texas Ranger was laid last September, when Rangers president of baseball operations Chris Young sat with Arizona Diamondbacks general manager Mike Hazen. The two men were discussing the divergent paths taken by their teams. After meeting in the World Series the year before, the runner-up Diamondbacks had gotten better. The triumphant Rangers had gotten worse. Young was trying to figure out why.Part of the difference, Young recognized, was Arizona’s young players had improved while Texas’ group had stagnated. Hazen kept referencing the influence of Pederson, one of the eldest players…
