{ }
Symbol NVDA
Name NVIDIA Corporation
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City Santa Clara
Zipcode 95051
Website http://www.nvidia.com
Intel has secured a $7.86 billion grant under the US CHIPS and Science Act to bolster domestic semiconductor manufacturing, despite facing a $17 billion quarterly loss and challenges in its foundry business. This funding is part of a broader global trend, with countries like Japan and South Korea also investing heavily in local chip production. Meanwhile, Intel's market position continues to weaken, as it struggles to compete with Nvidia in the AI chip sector.
Jim Cramer urged investors not to dismiss Big Tech megacap stocks, highlighting their recent rebound after declines. He noted positive analyst reports for Apple and Amazon, while suggesting that Meta and Microsoft may have benefited from strong sales in AI PCs and Nvidia's new AI product launch. Cramer emphasized the importance of investing in these companies rather than underestimating them.
Dell Technologies reported fiscal third-quarter earnings that exceeded expectations for earnings per share but fell short on revenue, leading to a 10% drop in shares after hours. The company forecasted fourth-quarter revenue between $24 billion and $25 billion, below analyst expectations, despite a 34% revenue increase in its Infrastructure Solutions Group driven by AI sales. Demand for AI systems remains strong, with a $4.5 billion pipeline of future orders, as customers await Nvidia's next-generation Blackwell chips.
Databricks is raising at least $5 billion in a funding round that could value the company at $55 billion, allowing employees to cash out and reducing the urgency for an IPO. Founded in 2013, the firm specializes in data organization and generative AI products, with annualized revenue projected to reach $2.4 billion by mid-2024. CEO Ali Ghodsi indicated that a public debut could occur in the latter half of next year, but the focus remains on long-term success rather than immediate market entry.
The banking industry may benefit from less regulation and potentially higher interest rates, allowing for increased lending, though concerns about regional banks' exposure to commercial real estate persist. In the housing market, high mortgage rates have stifled activity, with lower rates seen as a potential catalyst for growth, contingent on forthcoming policies from the next administration. Meanwhile, the technology sector remains strong, driven by major players, but faces scrutiny over antitrust issues and high valuations, prompting cautious investment strategies.
In 2024, the tech landscape saw significant upheaval, with X (formerly Twitter) and Amazon facing major setbacks due to mismanagement and employee dissatisfaction. Meanwhile, AI tools and platforms thrived, with NVIDIA leading the charge in the AI sector, while Bluesky emerged as a popular alternative to X. The year also highlighted the rise of Arm-based chips and the successful collaboration of major tech companies through the Matter Protocol, enhancing smart home functionality.
Hedge funds and family offices are increasingly adopting AI to enhance portfolio management and operational efficiency, with 86% of managers utilizing generative AI tools. However, skepticism is rising regarding AI's transformative potential, as evidenced by Goldman Sachs questioning the substantial investments in AI without clear returns. The Eurekahedge AI Hedge Fund Index has underperformed the S&P 500, raising concerns about the real-world effectiveness of AI in hedge fund strategies.
IG
On November 26, 2024, major analyst calls were made regarding several prominent companies, including Nvidia, Apple, Zoom, Goldman Sachs, Amazon, and Chevron. These evaluations are expected to influence market trends and investor decisions in the coming days.
Phil Spencer emphasizes the importance of local gaming, while Sony cautiously explores cloud gaming with the PlayStation Portal, offering it as an additional feature rather than a primary focus. Despite past failures like Stadia, the potential for success remains, especially with Sony's experience in the market. Meanwhile, the demand for portable gaming continues to grow, prompting speculation about new hardware from both Sony and Microsoft.
UBS has initiated coverage of Arm Holdings PLC with a Buy rating and a price target of $160, citing strong demand for its IP in AI and cloud computing. Despite a solid Q2 earnings report, concerns linger over license revenue and legal risks from its Qualcomm lawsuit, which could impact future sales. Arm's high valuation ratios reflect growth expectations, but competition and regulatory uncertainties pose challenges to its market position.
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