2024-10-03
Shares of @Nvidia and @Accenture got a boost after expanding their partnership to help companies adopt AI. Nvidia CEO Jensen Huang explains why this partnership is important for businesses and their AI ambitions. $NVDA $ACN [video]
CRN
Accenture says it will train 30K employees on Nvidia's AI tech and start a new Nvidia Business Group focused on driving enterprise adoption of AI agents
Nvidia deal: A first peek into the new world of genAI-centric strategies Surbhi Jain / Benzinga : Nvidia's AI Leadership To Drive $1 Trillion Market Growth, With Accenture Partners...
2024-09-26
Shares of Micron popped after beating Q4 results. @barbara_doran1, CEO of BD8 Capital Partners, reacts to the report and why she thinks the stock can move higher from here. $MU [video]
Bloomberg
Micron reports Q4 revenue up 93% YoY to $7.75B, vs. $7.66B est., forecasts Q1 revenue and profit above estimates, helped by AI demand; MU jumps 13%+
Ian King / Bloomberg :
2024-09-21
Qualcomm approached Intel about a takeover in recent days. We get @PatrickMoorhead's first take on the news $INTC $QCOM @JonFortt [video]
Wall Street Journal
Sources: Qualcomm made a takeover approach to Intel in recent days, but a deal is far from certain; Intel's market cap is ~$93B and Qualcomm's is ~$188B
A deal for Intel would be massive and come at a time when the chip maker is sputtering.
2024-08-29
“Blackwell will launch, it will ramp, we think it's going to be an enormous cycle....so if you're selling your shares here after hours, we would be careful for that, because this is going to be a free cash flow monster,” @cfraresearch's Angelo Zino @Nvidia $NVDA @JonFortt [video]
Bloomberg
Jensen Huang says Nvidia's new Blackwell chips will have “lots and lots of supply”, and the company expects them to generate billions of dollars in Q4 revenue
Jensen Huang Confirms Mask Change Completion And ‘Incredible’ Customer Anticipation Fox Business : Nvidia's cycle of Blackwell chips will be ‘absolutely enormous’: Angelo Zino Emma...
“Blackwell will launch, it will ramp, we think it's going to be an enormous cycle....so if you're selling your shares here after hours, we would be careful for that, because this is going to be a free cash flow monster,” @cfraresearch's Angelo Zino @Nvidia $NVDA @JonFortt [video]
CNBC
Nvidia reports Q2 revenue up 122% YoY to $30B, above $28.7B est., forecasts Q3 revenue above est., and approves an additional $50B in share buybacks
Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.
2024-08-20
Shares of @AMD popped more than 4% after announcing a nearly $5B acquisition of @ZTSystems. @LisaSu, AMD's CEO tells @JonFortt why this acquisition is an exciting opportunity. [video]
Wall Street Journal
AMD agrees to buy New Jersey-based ZT Systems, founded in 1994 to design and make servers, server racks, and other infrastructure, for $4.9B, closing in H1 2025
chipmaker strengthens AI ecosystem with ZT Systems' expertise in server design Josh Norem / ExtremeTech : AMD Acquires AI Infrastructure Company ZT Systems for $4.9 Billion Diana G...
2024-08-08
“They really smoked earnings” - @ddolev, senior fintech analyst @MizuhoAmericas reacts to Robinhood's Q2 earnings beat. $HOOD [video]
MarketWatch
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023
Bill Peters / MarketWatch :
2024-07-19
“They're making some moves around getting in a place where they can sell through better,” says @DoubleVerify CEO Mark Zagorski on $NFLX's ad business. The streamer says its ad tier grew 34% last quarter but is scaling faster than its ability to monetize a growing ad inventory. [video]
CNBC
Netflix reports Q2 revenue up 16.8% YoY to $9.56B, vs. $9.53B est., paid memberships up 16.5% YoY to 277.65M, vs. 274.4M est., net income up 44% YoY to $2.15B
Netflix reported earnings after the bell. Here are the results. — Earnings per share: $4.88 vs $4.74 per share expected by LSEG
“They're making some moves around getting in a place where they can sell through better,” says @DoubleVerify CEO Mark Zagorski on $NFLX's ad business. The streamer says its ad tier grew 34% last quarter but is scaling faster than its ability to monetize a growing ad inventory. [video]
The Wrap
Netflix says its ad tier now accounts for over 45% of all signups in the markets where it's available, and ad tier memberships grew 34% QoQ in Q2
Lucas Manfredi / The Wrap :
2024-04-10
“Overall, I don't think Intel is getting as much credit as they deserve, primarily for what their foundry business will be bringing in,” says @PatrickMoorhead on $INTC's new Gaudi 3 AI chip announcement. “It gets much more interesting when they bring an AI GPU to market in 2025.” [video]
Tom's Hardware
Intel says its next-gen Lunar Lake laptop chips will have 100+ TOPS of performance in AI tasks and elements of Microsoft's Copilot will soon run locally on PCs
A while back, I took a bit of a swipe at Axios, which I felt … Hilbert Hagedoorn / Guru3D : Intel Previews Lunar Lake with Enhanced AI Capabilities at Vision 2024 Phoronix : Intel ...
“This is a flex the muscle...we're talking about a trillion dollar market opportunity over the next decade. When you look at what Kurian and Google are doing, this is exactly what they need to go after,” says @divestech on $GOOGL's announcement of a new custom arm-based chip. [video]
Google for Developers Blog
Google adds Gemma variants CodeGemma, for code completion and generation tasks, and RecurrentGemma, to offer researchers faster inference at higher batch sizes
In February we announced Gemma, our family of lightweight, state-of-the-art open models built from the same research and technology used to create the Gemini models.
“Overall, I don't think Intel is getting as much credit as they deserve, primarily for what their foundry business will be bringing in,” says @PatrickMoorhead on $INTC's new Gaudi 3 AI chip announcement. “It gets much more interesting when they bring an AI GPU to market in 2025.” [video]
Tom's Hardware
Intel debuts Gaudi 3, set for Q3 mass production, claiming up to 1.7x the training performance, 50% more inference, and 40% better efficiency than Nvidia's H100
“This is a flex the muscle...we're talking about a trillion dollar market opportunity over the next decade. When you look at what Kurian and Google are doing, this is exactly what they need to go after,” says @divestech on $GOOGL's announcement of a new custom arm-based chip. [video]
Wall Street Journal
Google unveils ARM-based Axion chips for AI, claiming they have up to 30% better performance over the top ARM rivals, coming to Google Cloud customers in 2024
2024-03-11
.@PalantirTech shares rising more than 9% on news it will become a prime contractor for the US Army's Titan program to build an AI enabled vehicle. “It's another manifestation of how AI is changing the face of warfare” - Palantir CTO Shyam Sankar $PLTR @MorganLBrennan [video]
The Register
Palantir wins a US Army contract worth $178.4M to provide battlefield AI systems for the TITAN ground station, the Army's first “AI-defined vehicle”
2024-02-28
A Klarna IPO in 2024? “We'll see...it's not impossible,” @Klarna CEO @Klarnaseb tells @MorganLBrennan @JonFortt @CNBC [video]
Fast Company
Klarna claims its ChatGPT-powered AI chatbot handles two-thirds of all customer service chats and “is doing the equivalent work” of 700 full-time human agents
Klarna is bullish on bots. — One month after taking its OpenAI-powered virtual assistant global, the Swedish buy-now …
A Klarna IPO in 2024? “We'll see...it's not impossible,” @Klarna CEO @Klarnaseb tells @MorganLBrennan @JonFortt @CNBC [video]
Bloomberg
Sources: Stockholm-based fintech Klarna is in talks with investment banks for a potential US IPO as soon as Q3 2024 and is considering seeking a ~$20B valuation
Bloomberg :
2023-10-27
Intel shares popping on earnings We get Moor Insights and Strategy CEO @PatrickMoorhead's first take $INTC @JonFortt [video]
Reuters
Intel Q3: revenue down 8% YoY to $14.2B, Data Center and AI Group revenue down 10% YoY to $3.8B, and forecasts Q4 revenue above estimates; INTC jumps 8%+
Chavi Mehta / Reuters :
2023-07-26
Alphabet's #cloud revenue growing 28% “This is an inflection point in that story...Amazon right now their back's to the wall when it comes to cloud,” says @DivesTech $GOOG $MSFT $AMZN [video]
Alphabet - Investor Relations
Alphabet reports Q2 revenue up 7% YoY to $74.6B, net income of $18.37B, up from $16B YoY, and Google Cloud revenue of $8.03B, up from $6.28B YoY; GOOG jumps 6%+
including Q&A, Google call clocks in at 1.4 AI references per minute. @cnbcovertime : Alphabet's #cloud revenue growing 28% “This is an inflection point in that story...Amazon righ...
2023-06-08
“Streaming is an expensive business to be in. They are all trying to figure out how to make their businesses profitable. Getting into advertising raises the revenue you get per user,” says @jtoonkel on her story $AMZN is considering an ad-tier for its Prime streaming. [video]
Wall Street Journal
Sources: Amazon plans to launch an ad-supported Prime Video tier and is talking with WBD and Paramount about adding their ad-based tiers to Prime Video Channels
Discussions come as ad buyers have been pushing for more access to premium shows and movies — Amazon is planning to launch …