CashNews.co More from Footwear News At a media event this month, four-time NBA champion Stephen Curry teased several areas of opportunity for his Under Armour-backed imprint, such as golf and the addition of more athletes to his roster. He also said boosting Curry Brand’s presence internationally was a priority. That includes retail. “Right now, we […]
CashNews.co It’s difficult to make a 147% return in a matter of months, but that’s what Nvidia (NASDAQ: NVDA) achieved with a multimillion-dollar investment this year. The investment was one of many AI companies Nvidia decided to back. All were companies that it has worked with in the past, so it presumably knows them quite […]
CashNews.co Over the last couple of years, artificial intelligence (AI) has emerged as the world’s next megatrend. Thus far, breakthroughs in generative AI have mostly revolved around the technology industry. In particular, semiconductor specialist Nvidia is viewed as the engine powering the AI vehicle right now. Demand for its most powerful graphics processing units (GPUs) […]
CashNews.co (Reuters) -Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported on Tuesday, citing people familiar with the discussions. The planemaker is working with advisers to explore its options, the report said, adding that raising equity is not likely to happen for at least a month. Boeing declined to […]
CashNews.co By Manya Saini and Pritam Biswas (Reuters) -Cerebras Systems, a startup competing with industry leader Nvidia for a slice of the lucrative AI chip market, said late on Monday its revenue surged more than threefold in 2023, in a filing to go public in the U.S. Initial public offerings in the U.S. have bounced […]
CashNews.co Generation Investment Management, an investment management firm, released its “Global Equity Strategy” second quarter 2024 investor letter. A copy of letter can be downloaded here. The strategy’s recent net performance was behind market averages. Since the fund’s inception, the strategy has underperformed for about 8% of the time on a rolling five-year basis. Several […]
CashNews.co We recently published a list of 10 Trending AI Stocks to Watch for the Rest of 2024. Since NVIDIA Corporation (NASDAQ:NVDA) ranks 5th on the list, it deserves a deeper look. Chris Hyzy, Merrill & Bank of America Private Bank chief investment officer, said while talking to CNBC in a latest program that there is “ […]
CashNews.co Costco (COST) reported mixed fiscal fourth quarter results on Thursday after the market close. Earnings per share for the wholesale giant beat estimates, coming in at $5.29, compared to Bloomberg consensus estimates of $5.07. But the company posted a slight miss on revenue, with $79.7 billion, compared to expectations of $79.96 billion. “It’s very […]
CashNews.co Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts. Hungry upstarts don’t always get the attention of major players, but in the case of You.com, founder Richard Socher got a front-row seat with Nvidia’s Jensen Huang. “I was extremely impressed with Jensen,” Socher told Yahoo […]
CashNews.co Nvidia stock (NVDA) fell as much as 2.8% in premarket trading Monday as investors continued to absorb news that Chinese regulators are reportedly discouraging local companies from buying Nvidia’s artificial intelligence chips. The stock pared losses after the bell, down about 1.4% to around $120. Bloomberg reported Friday afternoon that Beijing is urging Chinese […]