Summary: Nvidia is reportedly experimenting with heatsink and fan designs for its next generation GPUs, testing designs ranging from 250 W up to 600 W, to cope with the power levels no greater than those seen with previous generations. This indicates that the upcoming Blackwell cards are not expected to consume more power but will likely maintain the size or even be larger.
Full articleSummary: Federal Reserve officials suggest that the sharp interest rate hikes may take longer to bring down inflation, leading to uncertainty about rate cuts this year. Concerns are raised that higher borrowing costs are not impacting spending as expected. Inflation has climbed to 3.4% in April from 3.1% in January, despite the Fed's efforts to control it.
Full articleSummary: American Tower Corporation announced its participation in upcoming investor conferences and provided details of the speakers and schedule.
Full articleSummary: Bristol Myers' late-stage study evaluating Opdivo and Yervoy combination drug in NSCLC patients failed to meet the primary endpoint of progression-free survival, despite showing no new safety signals. Nevertheless, Opdivo has shown efficacy in other cancer types and has been a key revenue driver for the company. Merck's Keytruda remains a strong competitor in the oncology market as Bristol Myers evaluates Opdivo in various clinical studies.
Full articleSummary: Alcoa Corporation will pay a dividend of $0.10 on June 7th, resulting in a dividend yield of 1.1%, which is a modest boost for shareholders' returns. Despite the increase in stock price by 44% in the last 3 months, concerns remain about the sustainability of the dividend due to the company not generating free cash flows.
Full articleSummary: Apple has announced a new M4 iPad Pro and M2 iPad Air, discontinued the ninth-generation iPad, and reduced the price of its 10th-generation model to $349. The 10th-gen iPad is now available on Amazon for $334, making it Apple's cheapest option on the market.
Full articleSummary: Senators on the VA Committee sent a letter to the VA deputy secretary addressing concerns about mistakes and performance issues with the Oracle Health EHR system, urging for additional oversight and accountability provisions. The VA's Oracle Cerner system rollout is currently halted, with questions raised about its effectiveness and calls to potentially scrap it.
Full articleSummary: Union Pacific announces its Intermodal Memorial Day plan, mentioning operation of trains and terminals with possible delays due to light volumes, train consolidations, and interline shipments.
Full articleSummary: Microsoft pledges $4.3 billion investment in French cloud and AI operations, focusing on infrastructure, AI training for workforce, and support for start-ups. Similar plans for $3.3 billion AI data center in Wisconsin for training and R&D.
Full articleSummary: Nvidia is reportedly forming a new custom chip unit focused on designing custom chips for data center AI and other applications, responding to the increasing trend among large tech companies developing their own custom AI chips. Nvidia's stock has surged 81.5% this year driven by demand for AI chips, and the custom chip market is estimated to be substantial by 2025.
Full articleSummary: Pfizer is hiring a Health Representative to connect customers to therapies and innovative digital services, build relationships, and identify business opportunities. The position requires a Tertiary Degree in Business or Science, analytical skills, communication skills, understanding of the digital space, and a one-year contract initially.
Full articleSummary: Meta Platforms is exploring making earphones powered by artificial intelligence with cameras. The Facebook-parent expects the device, being explored under a project named 'Camerabuds', to identify objects and translate foreign languages.
Full articleSummary: Analysts are optimistic about Microsoft's (MSFT) stock performance, with price targets ranging from $450 to $600, citing growth in artificial intelligence (AI) and acquisitions like Activision Blizzard. Current price at $414.60 is showing modest gains.
Full articleSummary: Booking Holdings has been added to the European Union's list of companies under heightened digital scrutiny due to meeting the threshold as an online gatekeeper. This decision aims to prevent Big Tech platforms from dominating online markets.
Full articleSummary: The Kraft Heinz Company specializes in producing and marketing a wide range of food products under various popular brands. Their net sales are diversified across different product categories and geographies.
Full articleSummary: Broadcom Inc. announces its Automic Automation solution available as Software-as-a-Service, providing advanced workload automation and workflow orchestration capabilities designed to unify and simplify automation across different environments.
Full articleSummary: BofA Securities analyst Sara Senatore reiterated a Buy rating on Starbucks Corp (SBUX) shares, attributing the sales growth collapse to social media calls for boycott over Middle-East tensions. The analyst highlighted the potential for increasing purchase frequency among the remaining customer base.
Full articleSummary: A China-linked cyber threat actor group breached Microsoft's cloud services, compromising email accounts of U.S. government officials and leading to recommendations for increased cybersecurity measures and diversification of technology providers by executives.
Full articleSummary: Lincoln National Corp reduced its stake in Capital One Financial Co. (NYSE:COF) by 8.2% in the fourth quarter, holdings now worth $370,000. Several other large investors also made changes to their holdings of COF. Insiders have been actively buying and selling COF stock. Wall Street analysts forecast growth for the company with a mixed rating of hold and buy.
Full articleSummary: JPMorgan Chase's wealth management division has hired an adviser team from Merrill Lynch who managed $28 billion in client assets. The team, led by Eric Gray and Lance Polverini, specializes in ultra-high-net-worth clients like legacy families and C-suite executives. This move is seen as a significant win for J.P. Morgan Wealth Management.
Full articleSummary: Nvidia is making headway in AI supercomputers with its GH200 Grace Hopper CPU+GPU combo, displacing CPUs from AMD and Intel. These supercomputers are operational in various countries and universities worldwide.
Full articleSummary: Comcast (CMCSA) has a history of consistently beating earnings estimates, with an average surprise of 21.55% over the past two quarters. The company is expected to continue this trend based on a positive Zacks Earnings ESP of +1.40% and Zacks Rank #3 (Hold), indicating another potential beat in its upcoming quarterly report on July 29, 2021.
Full articleSummary: Apple's 10th-gen iPad received a permanent price cut to $349, which has been further discounted by Amazon to $334, marking an all-time low price for the device. The model offers various improvements over its predecessor, such as a larger display, improved camera, better speakers, A14 Bionic chip, and USB-C support. However, it is not compatible with Apple Pencil 2 or Apple Pencil Pro.
Full articleSummary: Comcast partnered with a Virginia county to deploy broadband to unserved locations, received $3.4 million in ARPA funds, is involved in public-private partnerships across US
Full articleSummary: Tesla is walking back some layoffs to its Supercharger team, including rehiring a key executive. Elon Musk plans to spend over $500M expanding the Supercharger network this year.
Full articleSummary: TD SYNNEX announced the launch of their IBM watsonx Gold 100 program to recruit partners and help them achieve IBM’s Gold-tier partner status, aiming to capitalize on the growing demand for AI solutions.
Full articleSummary: Montrose Environmental Group, Inc. will be presenting at the Bank of America Securities 31st Annual Transportation, Airlines, and Industrials Conference discussing a partnership with 3M to remove PFAS compounds from water sources at 3M's chemical manufacturing sites.
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