In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025. Patrick T. Fallon | Afp | Getty Images Nvidia CEO Jensen Huang said Wednesday markets have miscalculated the AI threat to software companies, hours after the chip behemoth issued an upbeat sales forecast on s...
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025. Patrick T. Fallon | Afp | Getty Images Nvidia CEO Jensen Huang said Wednesday markets have miscalculated the AI threat to software companies, hours after the chip behemoth issued an upbeat sales forecast on strong AI demand. "I think the markets got it wrong," Huang told CNBC's Becky Quick, pushing back on fears that AI agents will cannibalize the enterprise software industry. Instead, he expects a broad swath of software firms to use agentic AI to develop their software and boost efficiency. In what he described as "counterintuitive," Huang said that AI agents won't replace these software tools, but will use them instead. "That's the reason why we also say agents are tool users," he added. He cited the internet browser and Microsoft 's Excel as examples of tools that AI agents will use. "All of these tools that we use today, whether it's Cadence or Synopsys or ServiceNow or SAP , these tools exist for a fundamentally good reason. These agentic AI will be intelligent software that uses these tools on our behalf and help us be more productive," Huang added. "Nobody's going to service better than ServiceNow , and they're going to come up with agents that are really fine-tuned and optimized for the work that uses the tools that they have." "In the end, we need the tools to finish their work and put the information back in a way that we can understand," he said. VIDEO 15:35 15:35 Watch CNBC's full interview with Nvidia CEO Jensen Huang after earnings and guidance beat The comments came after Nvidia reported that its revenue for the fiscal fourth quarter climbed 73% to $68.13 billion from a year earlier, beating analysts' estimates for $66.21 billion. The company also issued an upbeat guidance with revenue for the fiscal first quarter to be $78 billion, plus or minus 2%, well above ...
Feb 26 (Reuters) - Indian shares will likely open higher on Thursday, tracking gains across Asian markets after robust Nvidia earnings, though analysts see the overall mood remaining cautious on
Feb 26 (Reuters) - Indian shares will likely open higher on Thursday, tracking gains across Asian markets after robust Nvidia earnings, though analysts see the overall mood remaining cautious on
Tippapatt/iStock via Getty Images Performance Recap The PGIM Jennison Focused Value Fund outperformed the Russell 1000 Value Index during the period. Stock selection within the consumer discretionary, health care, consumer staples, and communication services sectors, along with no exposure to real estate added the most value during the quarter. Security selection within the information technology,...
Tippapatt/iStock via Getty Images Performance Recap The PGIM Jennison Focused Value Fund outperformed the Russell 1000 Value Index during the period. Stock selection within the consumer discretionary, health care, consumer staples, and communication services sectors, along with no exposure to real estate added the most value during the quarter. Security selection within the information technology, materials, and energy sectors, along with an overweight to utilities detracted the most from relative results during the period. Notable contributors included Alphabet, General Motors, Eli Lilly ( LLY ), Advanced Micro Devices, and Parker-Hannifin ( PH ). Key detractors included Cheniere Energy ( LNG ), Meta Platforms ( META ), Linde Plc ( LIN ), Dell Technologies ( DELL ), and Microsoft ( MSFT ). Positioning & Outlook While it's customary to offer informed predictions as we look ahead to a new year, 2025 was a year that seemed to be more unpredictable than many in recent memory, especially from a U.S. policy and political standpoint. With the anticipation of consequential events in 2026, that unpredictability is not likely to diminish. The consumer is still facing lingering inflation and health insurance cost increases, which may at least partially be offset by tax cuts. In addition, the expected Supreme Court ruling on the Trump Administration's tariffs, change of leadership at the Fed, re-negotiation of North American Free Trade Agreement ('NAFTA'), and mid-term elections in November are just a few among many factors that could also drive the U.S. economy and markets in 2026. Importantly, corporate earnings remained strong this past year. The potential risks posed to revenue and earnings growth from fiscal policies did not materialize, and both the consumer and broader economy continued to be resilient. Whether that continues and if the market shrugs off the unknowns again in 2026 are open questions. During the quarter we modestly repositioned the Fund, trimming strong ...
Australian business investment rose more than expected in the final three months of last year, buoyed by a surge in renewable energy projects and suggesting the economy was on a solid footing before the Reserve Bank raised interest rates this month. Private new capital expenditure advanced 0.4% in the fourth quarter, confounding expectations for a flat result and leaving spending almost 8% higher ...
Australian business investment rose more than expected in the final three months of last year, buoyed by a surge in renewable energy projects and suggesting the economy was on a solid footing before the Reserve Bank raised interest rates this month. Private new capital expenditure advanced 0.4% in the fourth quarter, confounding expectations for a flat result and leaving spending almost 8% higher than a year earlier, Australian Bureau of Statistics data showed Thursday. The figures will feed directly into gross domestic product for the period that’s due next week. The pickup reinforces the central bank’s assessment that domestic activity remains firm, underpinned by a tight labor market and persistent price pressures. The RBA next meets on March 16–17 and is widely expected to keep the cash rate at 3.85%, with markets and economists assigning the next real chance of a hike in May. Read More: Australia’s Persistent Inflation Bolsters RBA Rate-Hike Bets Spending on buildings and structures climbed 2.3%, driven by large electricity, gas, water and waste projects, ABS head of business statistics Tom Lay said in a media release . “Business investment in battery energy storage systems featured strongly this quarter,” Lay said. “Spend on wind and solar developments also remained at an elevated level.” By state, South Australia posted the largest gain, up 4.8%, followed by Western Australia and Victoria. The data will be welcomed by policymakers who have long bemoaned weak private investment as a drag on productivity. Stronger business investment is necessary to help lift the supply capacity of the economy, allowing for faster growth without fueling inflation pressures. Today’s result aligns with a record quarter for newly commissioned renewable projects and big batteries, according to the Clean Energy Council, highlighting renewed momentum in Australia’s energy transition. Australia is pushing to replace aging coal-fired generation and cut emissions in line with its intern...