EV makers choose Nvidia (NVDA) for AI
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- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Alibaba falls on China AI capex report; Citi says selloff is premature
Bank of America names Li Auto (LI) a 'Top Pick' in 2024
January 10, 2024 8:37 AM ESTBank of America named Li Auto (NASDAQ: LI) as one of their Top Picks for 2024, reiterating a Buy rating and $55.00 price target on the Chinese auto stock.
Looking ahead to 2024, Li Auto has set ambitious targets, aiming to achieve sales volume between 650,000 to 800,000 units, marking a substantial increase of 72% to 113% year-on-year.
The company has also unveiled plans for its flagship family BEV MPV,... More
NVIDIA (NVDA) healthcare vertical already a $1bn+ business - JPMorgan
January 9, 2024 2:10 PM ESTJPMorgan's Harian Sur maintained an Overweight rating on NVIDIA (NASDAQ: NVDA) in a note Tuesday, saying the company's healthcare vertical is already a $1 billion+ business.
The company's healthcare business is driven by the increasing computational demand for AIdrug discovery, genomics, patient... More
'Only Chinese OEMs are likely to grow in 2024' - UBS
January 9, 2024 9:30 AM ESTCar production hit nearly 90 million in 2023, growing 9% year-on-year. But for 2024, the industry faces challenges with high inventories and muted demand, leading to intense pricing competition that squeezes profits.
European manufacturers expect a significant 20-25% drop in earnings in 2024. Meanwhile, suppliers could suffer due to destocking after chip shortage... More
Nvidia expands its reach in China's EV sector
January 8, 2024 11:44 AM ESTBy Joseph White
DETROIT (Reuters) - Nvidia said four Chinese electric vehicle brands will use its technology as the brains for automated driving systems, underscoring the U.S. chip maker's determination to expand in China despite Washington's tighter export rules.
Chinese automakers Li Auto, Great Wall Motor, Zeekr and the new EV unit of Chinese... More
NVIDIA (NVDA) and Developers Pioneer Lifelike Digital Characters for Games and Applications With NVIDIA Avatar Cloud Engine
January 8, 2024 11:24 AM ESTCES NVIDIA today introduced production microservices for the NVIDIA Avatar Cloud Engine (ACE) that allow developers of games, tools and middleware to integrate state-of-the-art generative AI models into the digital avatars in their games and applications.
The new ACE microservices let developers build interactive avatars using AI models such as NVIDIA Omniverse Audio2Face (A2F), which creates expressive facial animations from audio sources, and... More
NVIDIA (NVDA) announces GeForce RTX 40 SUPER Series family of GPU
January 8, 2024 11:24 AM ESTCES NVIDIA today announced the GeForce RTX 40 SUPER Series family of GPUs including the GeForce RTX 4080 SUPER, GeForce RTX 4070 Ti SUPER and GeForce RTX 4070 SUPER which supercharge the latest games and form the core of AI-powered PCs.
This latest iteration of NVIDIA Ada Lovelace architecture-based GPUs delivers up to 52 shader TFLOPS, 121 RT TFLOPS and 836 AI TOPS to supercharge gaming and creating and provide the power to develop new entertainment worlds and experiences. The GeForce RTX 4070 SUPER starts from $599.
PC gamers demand the very best in visual quality, and AI-powered... More
NVIDIA (NVDA) announces GeForce RTX SUPER desktop GPUs for supercharged generative AI performance
January 8, 2024 11:18 AM ESTNVIDIA today announced GeForce RTX SUPER desktop GPUs for supercharged generative AI performance, new AI laptops from every top manufacturer, and new NVIDIA RTX-accelerated AI software and tools for both developers and consumers.
Building on decades of PC leadership, with over 100 million of its RTX GPUs driving the AI PC era, NVIDIA is now offering these tools to enhance PC experiences with generative AI: NVIDIA TensorRT... More
Active options: NVDA TSLA AAPL AMD BA AMZN MSFT MARA PLTR F
January 8, 2024 11:00 AM ESTActive options: NVDA TSLA AAPL AMD BA AMZN MSFT MARA PLTR F
... MoreTop pick NVIDIA's (NVDA) potential upside is significant - New Street Research
January 8, 2024 9:25 AM ESTNew Street Research named NVIDIA (NASDAQ: NVDA) as one of its top picks for 2024 in a recent note, noting the total addressable market (TAM) for AI data center chips.
"The $400bn TAM for AI data center chips AMD pitched last month may... More
Midday movers: Boeing, Apple and more
January 8, 2024 8:14 AM EST(Updated - January 8, 2024 12:12 PM EST)
Investing.com -- Main U.S. indexes gained ahead of the release of the key monthly inflation data later in the week, which could determine risk appetite going forward.
Here are some of the biggest U.S. stock movers today:
Boeing (NYSE: BA) stock fell 6.5% after the Federal Aviation Administration ordered the temporary grounding of around 171 Boeing jets in the wake of a mid-air breach of a 737 Max jet last week.
Nvidia to roll out China-focused AI chip in the second quarter of 2024 - Reuters
January 8, 2024 6:53 AM ESTInvesting.com -- Nvidia (NASDAQ: NVDA)Â is aiming to begin mass production of an artificial intelligence chip specifically designed for the Chinese market in the second quarter of 2024, according to Reuters.
Citing two people familiar with the matter, the news agency said that U.S.-based Nvidia's H20 chip will be made to... More
Nvidia to launch China-focused AI chip in Q2 2024 -sources
January 8, 2024 2:44 AM ESTBy Yelin Mo and Fanny Potkin
BEIJING/SINGAPORE (Reuters) - U.S. chipmaker Nvidia plans to begin mass production in the second quarter of 2024 of an artificial intelligence (AI) chip it designed for China to comply with U.S. export rules, two people familiar with the matter said on Monday.
The H20 chip is the most powerful of three China-focused chips Nvidia developed to meet restrictions announced in October.
It was originally scheduled for launch last November but that plan was delayed, with sources telling... More
Active options: TSLA NVDA AAPL AMD AMZN MARA MPW MSFT META
January 5, 2024 2:21 PM ESTActive options: TSLA NVDA AAPL AMD AMZN MARA MPW MSFT META
... MoreNVIDIA (NVDA) option implied volatility as share price up 2.8%
January 5, 2024 11:05 AM ESTNVIDIA (NASDAQ: NVDA) 30-day option implied volatility is at 33; compared to its 52-week range of 32 to 68 as share price up 2.8%.
... MoreMidday movers: Tesla, Constellation Brands, Palantir and more
January 5, 2024 8:40 AM EST(Updated - January 5, 2024 12:02 PM EST)
Investing.com -- Main U.S. indexes gained as investors parsed economic data for clues about the timing of Fed rate cuts. The December monthly payroll report showed stronger than expected job gains, but a separate report from the Institute of Supply Management showed U.S. services activity slowed considerably.
Here are some of the biggest U.S. stock movers today:
Tesla (NASDAQ: TSLA) stock rose 0.1% but underperformed Nasdaq with the EV manufacturer undertaking an effective recall on 1.62 million vehicles... More
NVIDIA (NVDA) free cash flow generation creates new opportunity - BofA
January 5, 2024 8:29 AM ESTNVIDIA's (NASDAQ: NVDA) $100bn in CY24/25E free cash flow generation creates a new opportunity for the company, according to BofA analyst Vivek Arya, who maintained a Buy rating and $700 per share price target on the stock in a note Friday.
Arya also... More
NVIDIA (NVDA) PT Raised to $691 at Truist Securities
January 5, 2024 8:13 AM ESTTruist Securities analyst William Stein raised the price target on NVIDIA (NASDAQ: NVDA) to $691.00 (from $674.00) while maintaining a Buy rating.... More
BofA Securities Reiterates Buy Rating on NVIDIA (NVDA), '$100bn in CY24/25E FCF generation creates new oppty'
January 5, 2024 5:19 AM ESTBofA Securities analyst Vivek Arya reiterated a Buy rating and $700.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst commented: "Maintain Buy, top sector pick on NVDA on its genAI dominance that can potentially help generate ~ $100bn of incremental free... More
Piper Sandler adjusts semiconductor ratings, upgrades Micron Technology, cuts Apple
January 4, 2024 8:21 AM ESTPiper Sandler re-adjusted the ratings of several semiconductor stocks in a note Thursday, reiterating its top picks of NVIDIA (NASDAQ: NVDA), onsemi (NASDAQ: ON), and Impinj (NASDAQ: PI).
The firm lifted Micron Technology (NASDAQ: MU) to OW and downgraded... More
Why Morgan Stanley is increasing Nvidia position and lowering AMD exposure
January 4, 2024 6:35 AM ESTMorgan Stanley's US All Cap Growth Model Portfolio undergoes strategic adjustments, incorporating new positions and revising existing ones.
The addition of Spotify Technology SA (NASDAQ: SPOT) aims to provide exposure to the leading audio streaming subscription service, anticipating profitability in 2024 and contributing to improved earnings growth with reduced... More
