Summary: Microsoft is reportedly considering Advanced Micro Devices' AI chips for its cloud computing clients instead of Nvidia, due to Nvidia's supply crisis for its H100 GPUs. Despite facing supply challenges, analysts are optimistic about Nvidia's growth prospects, citing strong demand for its products, particularly in enterprise AI and cloud SSDs. Hyperscale data center operators are increasing their capital expenditures on AI, which is expected to drive Nvidia's growth further.
Full articleSummary: Boaz Weinstein of Saba Capital Management plans to push for governance changes at 10 closed-end BlackRock funds, citing underperformance and shareholder rights concerns.
Full articleSummary: Banco Santander SA has hired three dealmakers from Wall Street rivals as part of its US investment-banking expansion.
Full articleSummary: Banco Santander SA continues its US investment banking build-out by hiring three dealmakers from Wall Street rivals Citigroup Inc. and Nomura Holdings Inc.
Full articleSummary: The Dow Jones Industrial Average briefly crossed the 40,000-point threshold for the first time.
Full articleSummary: Microsoft is planning to release the next 'Call of Duty' videogame installment to its subscription service instead of selling it A la carte. The move is expected to be announced at the company's Xbox showcase next month.
Full articleSummary: Moderna wins a patent case against Pfizer-BioNTech in Europe regarding a key COVID-19 vaccine patent. Pfizer and BioNTech have been countersuing Moderna, and Pfizer is considering legal options.
Full articleSummary: Intel is heavily discounting Gaudi 2 compared to NVIDIA H100, with Supermicro offering complete Gaudi 2 OAM AI systems for $90K. The servers include Ice Lake Xeon platform, PCIe Gen4, lower-cost DDR4 memory, and 8 Gaudi 2 AI accelerators.
Full articleSummary: Wells Fargo adjusts Under Armour's price target to $6.00 from $7.00, maintains Equal Weight rating post Q4 earnings. Under Armour announces restructuring plan to focus on key areas, streamline operations, and enhance market capabilities. This move aims to address challenges, improve performance, and position the company for future growth.
Full articleSummary: McDonald's is launching a '3 for £3' Mix 'N' Match menu, offering 100+ combinations for customers from May 22 to June 11. Additionally, discounted deals like the Cheesy Bacon Flatbread and McChicken Sandwich are available via the McDonald's App.
Full articleSummary: Google announced its sixth-generation TPU named Trillium, featuring significant performance improvements, faster chip release cycle, and enhanced memory and bandwidth capabilities. Trillium will be part of Google's Hypercomputer AI supercomputer design and is expected to be available in Google Cloud.
Full articleSummary: Disney CEO Bob Iger mentioned that nearly all future investments into Disney Parks will be based on intellectual property (IP), expressing confidence in the success of leveraging IP in theme parks.
Full articleSummary: Nike is falling behind running shoe competitors in terms of website traffic growth, with Hoka, Brooks, and Asics seeing significant increases in traffic while Nike experienced a decline. Despite recent challenges, Nike's global sportswear market share has remained stable to higher.
Full articleSummary: Starbucks location on Route 9 in Fishkill, closed for a planned remodel in March, will delay reopening due to a pending inspection. Expected to reopen on May 20th.
Full articleSummary: Intel has announced its goal to become the world's second-largest foundry by 2030, reshaping its strategic focus in the semiconductor industry. The company is facing challenges in margins, market trends, and resource allocation while aiming to drive innovation and supply chain resilience through its foundry services.
Full articleSummary: Wells Fargo analyst maintained a Buy rating on Raytheon Technologies with a price target of $141.00. Raytheon Technologies has an analyst consensus of Moderate Buy with a price target consensus of $107.23. Corporate insider sentiment is negative on the stock.
Full articleSummary: Activision's newly-owned studio, Elsewhere Entertainment, has been revealed to be working on a new series of story-driven, triple-A games inspired by their team's experience on well-known single-player titles. The launch of this studio follows Microsoft's closure of several beloved game studios specializing in single-player titles.
Full articleSummary: Tesla reported a 12% decline in new car registrations compared to the same period last year, but still holds the title of best-selling EV maker in America. Nvidia stock is approaching an all-time closing high.
Full articleSummary: Comcast has opened up all operational Xfinity WiFi hotspots in Greater Houston for residents to use free of charge to help them stay connected after a destructive storm hit the area.
Full articleSummary: Amgen has released a report highlighting its corporate responsibility efforts, including commitments to science education, environmental sustainability, representative clinical trials, workplace diversity and inclusion, and healthcare accessibility.
Full articleSummary: Paypal (PYPL) has been one of the most searched-for stocks on Zacks.com lately with a Zacks Rank #3. Earnings estimate revisions have shown positive changes, with a focus on future earnings projection and revenue growth forecast. The valuation metrics suggest that Paypal is trading at a discount compared to its peers.
Full articleSummary: Tesla is moving forward with plans to utilize data from China for its self-driving system, exploring options such as setting up a data center in China and working with local partners for AI development. The move is seen as part of Tesla's strategic shift to focus on AI breakthroughs amidst increased competition and slowing EV demand.
Full articleSummary: Amgen's new immunotherapy drug Imdelltra receives accelerated approval from the FDA for treating small cell lung cancer, showing promising results in shrinking tumors.
Full articleSummary: Pfizer Inc. (NYSE:PFE) is facing challenges due to a deterioration in demand for its COVID-19-related products, leading to multiple downward revisions of its earnings outlook. However, technical analysis suggests a likely rebound in stock price, supported by strong buying pressure and bullish momentum indicators. Fundamental catalysts such as the potential of its oncology portfolio and attractive valuation also bode well for future rallies.
Full articleSummary: Moderna wins COVID shot patent case against Pfizer-BioNTech in Europe as European Patent Office upholds the validity of one of Moderna's key patents, with Pfizer considering legal options including a possible appeal while continuing to manufacture and supply the COVID-19 vaccine they share with BioNTech.
Full articleSummary: The United Kingdom’s Competition and Markets Authority (CMA) decided not to investigate Microsoft's partnership with Mistral AI under merger provisions, after a recent series of inquiries into potential competition concerns on various tech partnerships.
Full articleSummary: The article provides a comprehensive industry comparison of Eli Lilly and Co against its key competitors in the Pharmaceuticals industry, analyzing financial metrics, market position, growth prospects, and debt-to-equity ratio.
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