Nvidia (NASDAQ: NVDA) has been one of the best performing stocks the past few years, as demand has skyrocketed for its graphics processing units that help build out artificial intelligence (AI) infrastructure.The company is used to seeing high demand for its products, so it was noteworthy when in a recent CNBC interview, CEO Jensen Huang called demand for chips based on its new Blackwell architecture “insane.”Let’s take a closer look at Huang’s comments and what it could mean for the stock.”Insane” Blackwell demandBlackwell is the newest architecture for Nvidia’s graphics processing units (GPUs). The company introduced it earlier this year, saying…
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By Nidal al-Mughrabi CAIRO (Reuters) -At least 26 people were killed and 93 others wounded when Israeli airstrikes hit a mosque and a school sheltering displaced people in the Gaza Strip early on Sunday, the Hamas-run Gaza government media office said. Palestinian health officials said at least another 20 people had been killed since Saturday night in northern Gaza, after the army sent tanks into areas there for the first time in months and urged residents to leave. The Israeli military said it had conducted “precise strikes on Hamas terrorists” who were operating within command and control centres embedded in…
By John Kruzel WASHINGTON (Reuters) – When lawyers for Richard Glossip argue before the U.S. Supreme Court on Wednesday to vacate his conviction for a 1997 murder, the Oklahoma death row inmate will have an unlikely ally: Gentner Drummond, the state’s Republican attorney general. Although Drummond has taken conservative stances on issues from immigration to abortion to environmental regulation, the decorated former U.S. Air Force fighter pilot broke with fellow Republican state attorneys general in Glossip’s case after concluding prosecutors hid evidence that might have led to an acquittal. “If he is executed, I believe that it will be a…
Newfound optimism on Morgan Stanley helped its stock close Friday’s session at its highest level of the year. Jim Cramer is still unsure what the Club’s next move should be. Morgan Stanley’s persistent underperformance has made the stock one of our thornier positions — so much so that Jim has openly considered dumping it for investment banking rival Goldman Sachs . Dealmaking activity has picked up, but it’s not been enough to fully unlock Morgan Stanley shares. That is in large part because the bank’s wealth management division has failed to impress. Analysts at HSBC see better days ahead for…
VATICAN CITY (Reuters) – Pope Francis on Sunday announced he will appoint 21 new cardinals of the global Catholic Church, in an unexpected push to influence the powerful group of churchmen that will one day choose his successor. The ceremony to install the new appointees, known as a consistory, will be held on December 8, the 87-year-old pope announced during his weekly noon-time prayer with pilgrims and tourists in St. Peter’s Square. It will be the tenth consistory called by the pope since his election 11 years ago as the first pontiff from Latin America. Although popes may choose to…
Getting to a $1 trillion market cap is such a challenging milestone that only a handful of corporations have done it. The list includes several tech giants, such as Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT). Though this elite club is highly exclusive, more companies will eventually join it. Stocks that are headed that way might be worth serious consideration. Let’s look at two: Visa (NYSE: V) and Novo Nordisk (NYSE: NVO). These companies could be trillion-dollar stocks by 2030.1. VisaVisa runs one of the largest payment networks in the…
By Maya Gebeily and Laila Bassam BEIRUT (Reuters) -Massive consecutive strikes hit Beirut’s southern suburbs early on Sunday, Reuters eyewitnesses said, sending booms across the Lebanese capital and sparking flashes of red and white for nearly 30 minutes visible from several kilometres away. Israel said its air force had “conducted a series of targeted strikes on a number of weapons storage facilities and terrorist infrastructure sites belonging to the Hezbollah terrorist organization in the area of Beirut”. The Israeli military said that before the strike, it took steps “to mitigate the risk of harming civilians, including advancing warnings to the…
Over the past few years, there’s been a resurgence in the popularity of stock splits. The practice was commonplace in decades past, but had fallen out of favor, only to rebound in recent years. Companies will typically embark on this course after years of strong business and financial results, resulting in a surging stock price.Evidence suggests that the strong performances that precipitated stock splits tend to continue. Companies that conduct stock splits deliver stock price gains of 25%, on average, in the year following the announcement, compared with average increases of 12% for the S&P 500, according to data compiled…
We are bearing witness to a remarkable demographic revolution in developed nations — the unprecedented aging of our populations. One in six Americans were over the age of 65 at the 2020 US Census. By 2034, for the first time in history, US adults aged 65+ are projected to outnumber children 18 years of age and younger. In the coming decades, retirement needs and goals will change profoundly in the US and other developed nations, creating significant societal and economic challenges that call for an ideological shift in both policy and retirement planning. The populations of developed nations are rapidly…
A portrait of Hezbollah chief Hassan Nasrallah sits amid destruction in a area targeted overnight by Israeli airstrikes in Saksakiyeh on September 26, 2024.Mahmoud Zayyat | Afp | Getty ImagesThe potential successor to slain Hezbollah leader Sayyed Hassan Nasrallah has been out of contact since Friday, a Lebanese security source said on Saturday, after an Israeli airstrike that is reported to have targeted him.In its campaign against the Iran-backed Lebanese group, Israel carried out a large strike on Beirut’s southern suburbs late on Thursday that Axios cited three Israeli officials as saying targeted Hashem Safieddine in an underground bunker.The Lebanese security source and two…