Key Points Management's own guidance calls for fiscal first-quarter revenue of $78 billion, plus or minus 2%. The forecast for the second fiscal quarter may be more important than the quarter's results. Vera Rubin progress and any change in how Nvidia treats China could reset the narrative. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) reports its fiscal first-quarter results after ...
Key Points Management's own guidance calls for fiscal first-quarter revenue of $78 billion, plus or minus 2%. The forecast for the second fiscal quarter may be more important than the quarter's results. Vera Rubin progress and any change in how Nvidia treats China could reset the narrative. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) reports its fiscal first-quarter results after the market closes Wednesday (today), and the release will give investors the clearest read yet on whether the artificial intelligence (AI) build-out that has consumed the AI chipmaker's order book is still gaining steam. The stock has quietly climbed into the report. Shares recently touched an all-time high closing price of $235.74 on May 14, but have pulled back some since then. Still, Nvidia is up about 19% year to date, easily outperforming the broader market. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Even with the headline revenue and earnings sure to grab attention, a handful of items further down in the report -- starting with what management says about the quarter ahead -- could matter more. 1. The bar Nvidia has to clear Nvidia's own guidance, issued in February, called for fiscal first-quarter revenue of $78 billion, plus or minus 2%. That figure implies revenue growth of roughly 77% from the year-ago quarter -- another step up in a year-over-year growth pattern that has been steadily picking up steam: 56% in fiscal Q2, 62% in fiscal Q3, 73% in fiscal Q4, and now an implied 77% in fiscal Q1. What may matter more, however, is the outlook for the current quarter. Wall Street estimates for fiscal Q2 sit at approximately $87 billion. A guide materially below that -- even paired with a healthy fiscal first quarter -- could be read as the first sign of the AI demand wave losing pace -- and the st...
Nvidia (NASDAQ: NVDA) reports its fiscal first-quarter results after the market closes Wednesday (today), and the release will give investors the clearest read yet on whether the artificial intelligence (AI) build-out that has consumed the AI chipmaker's order book is still gaining steam. The stock has quietly climbed into the report. Shares recently touched an all-time high closing price of $235....
Nvidia (NASDAQ: NVDA) reports its fiscal first-quarter results after the market closes Wednesday (today), and the release will give investors the clearest read yet on whether the artificial intelligence (AI) build-out that has consumed the AI chipmaker's order book is still gaining steam. The stock has quietly climbed into the report. Shares recently touched an all-time high closing price of $235.74 on May 14, but have pulled back some since then. Still, Nvidia is up about 19% year to date, easily outperforming the broader market. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Even with the headline revenue and earnings sure to grab attention, a handful of items further down in the report -- starting with what management says about the quarter ahead -- could matter more. Image source: Getty Images. 1. The bar Nvidia has to clear Nvidia's own guidance, issued in February, called for fiscal first-quarter revenue of $78 billion, plus or minus 2%. That figure implies revenue growth of roughly 77% from the year-ago quarter -- another step up in a year-over-year growth pattern that has been steadily picking up steam: 56% in fiscal Q2, 62% in fiscal Q3, 73% in fiscal Q4, and now an implied 77% in fiscal Q1. What may matter more, however, is the outlook for the current quarter. Wall Street estimates for fiscal Q2 sit at approximately $87 billion. A guide materially below that -- even paired with a healthy fiscal first quarter -- could be read as the first sign of the AI demand wave losing pace -- and the stock could take a hit. Also worth noting, beginning with this quarter, Nvidia is including stock-based compensation in its non-GAAP (adjusted) measures. So that's worth keeping in mind as investors compare the figure to prior quarters. 2. Vera Rubin: Nvidia's next platform The second item to watch is th...
(Yicai) May 20 -- The number of users using artificial intelligence every day will likely reach five billion by 2030, after standing at just one million in 2020 and exceeding one billion last year, according to the chief executive officer of US semiconductor giant Advanced Micro Devices. The AI agent economy requires extremely substantial computing power support, Lisa Su said at AMD's AI Developer...
(Yicai) May 20 -- The number of users using artificial intelligence every day will likely reach five billion by 2030, after standing at just one million in 2020 and exceeding one billion last year, according to the chief executive officer of US semiconductor giant Advanced Micro Devices. The AI agent economy requires extremely substantial computing power support, Lisa Su said at AMD's AI Developer Day in Shanghai yesterday. What is needed is not just a single type of computing power, but full-stack computing systems that can seamlessly work together, she noted. During a talk with Su themed "New Paradigm of Agentic AI" at the event, Kai-Fu Lee, founder and CEO of Beijing-based 01.AI, said that the programming ability of AI has crossed a critical point, with the tech only capable of assisting in writing code, functions, and other such tasks a year ago, but now delivering a complete set of functions end-to-end. Once its coding capabilities cross the threshold, autonomous agents will truly have the potential to become a reality, he added. The more significant change lies in the fact that the industry is gradually realizing that the capabilities of a single AI agent have an upper limit, Lee stressed. No matter how large the model parameter scale is, relying solely on the reasoning ability of a single AI agent will eventually hit a bottleneck when dealing with real-world complex problems, he added. However, the multi-agent architecture has broken through this limit for the first time, he said, adding that AI agents responsible for planning, evaluation, research, and execution have begun to collaborate with each other and engage in debates, continuing to evolve based on each other's results. For multi-agent collaboration to truly be feasible in reality, the system must meet several conditions: local priority, edge processing, and a response delay of less than 100 milliseconds, Lee stressed. This is precisely where a winner in a hardware competition will be determined, he p...
To HIV researchers, I am an ‘elite controller’ – someone whose immune system has enabled them to live for decades without symptoms or medication. I hope that one day science will understand this tiny but lucky minority On 21 February 1986, I was diagnosed HIV positive. I was 22. It was the day of my sister’s 21st birthday. That solemn Friday afternoon, my life changed for ever. We had planned a su...
To HIV researchers, I am an ‘elite controller’ – someone whose immune system has enabled them to live for decades without symptoms or medication. I hope that one day science will understand this tiny but lucky minority On 21 February 1986, I was diagnosed HIV positive. I was 22. It was the day of my sister’s 21st birthday. That solemn Friday afternoon, my life changed for ever. We had planned a surprise party later that night. My sister was already seven months pregnant with my eldest niece, and I had gone to central London to find a card featuring a Black mother and child. Failing to find anything culturally appropriate, I decided to pop into the STD clinic in Chelsea to pick up my test results. I knew nothing about HIV or Aids; I’d never even heard of the acronyms until a week or so earlier. Unsurprisingly, I didn’t end up partying with my sister that night. Celebrating the promise of new life while contemplating my imminent death proved too much. I spent the next several days hiding away in a darkened room, crying uncontrollably. Continue reading...
公安部：依法嚴打涉稅犯罪 有力維護國家利益 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】公安部召開新聞發布會，公布過去一年打擊防範經濟犯罪工作及成效，指依法嚴打涉稅犯罪，有力維護國家利益，護航社會主義市場經濟秩...
公安部：依法嚴打涉稅犯罪 有力維護國家利益 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】公安部召開新聞發布會，公布過去一年打擊防範經濟犯罪工作及成效，指依法嚴打涉稅犯罪，有力維護國家利益，護航社會主義市場經濟秩序。 公安部經濟犯罪偵查局局長華列兵：「截至今年四月底，共破獲各類經濟犯罪案件12.8萬起，挽回經濟損失375億元。組織開展打擊利用離岸公司和地下錢莊向境外轉移贓款『殲擊』專項工作，共破案1600餘起，對100多個跨區域地下錢莊犯罪網絡開展集群打擊。組織開展緝捕在逃境外經濟犯罪嫌疑人『獵狐行動』，抓獲境外逃犯880餘名，其中紅通逃犯38名。」 公安部指由去年至今年4月底，共立案偵辦8400多宗危害稅收徵管犯罪案件，追回23億多元經濟損失。其中騙稅案件立案300多宗，追回經濟損失金額同比上升兩成。當局亦對虛開增值稅專用發票、非法經營等犯罪，以及其他不法中介團夥實施全鏈條打擊，取得了顯著成效。
Google is completely revamping its search experience, and that doesn’t stop at YouTube. Like the rest of Google, YouTube’s search bar is getting infused with AI tools like “Ask YouTube,” a feature that is supposed to give users a more sophisticated search experience. “With Ask YouTube, you can ask more complex search queries, such as wanting tips on how to teach your kid to ride a bike, or finding...
Google is completely revamping its search experience, and that doesn’t stop at YouTube. Like the rest of Google, YouTube’s search bar is getting infused with AI tools like “Ask YouTube,” a feature that is supposed to give users a more sophisticated search experience. “With Ask YouTube, you can ask more complex search queries, such as wanting tips on how to teach your kid to ride a bike, or finding creator reviews of cozy games to play before bedtime,” the company explained. “You can even ask follow-up questions to continue refining what you’re looking for.” YouTube will compile both Shorts and long-form videos and generate a response. Premium subscribers in the U.S. on desktop can start using this feature now through YouTube’s optional Premium offerings to test new tools. Image Credits:Google The company also announced that it is adding Gemini Omni, Google’s new AI video model, to YouTube Shorts Remix and the YouTube Create app. “Remixing with Omni delivers a fresh way for users to create and build on each other’s imagination,” YouTube wrote in a press release. “The model better understands user intent creating more consistent and meaningful storytelling while also handling complex video and audio adjustments behind the scenes.” Other companies like Meta and OpenAI have seen mixed reception when pushing for AI use in Shorts. OpenAI even sunsetted its social app Sora, where users could post and share their AI-generated clips. But YouTube seems to be rolling this out in a manner that feels a bit less front and center. YouTube is also expanding its likeness-detection tool to creators 18 and older, which is supposed to help prevent creators from being deepfaked in other people’s AI content. If a creator sees themselves misrepresented in AI videos, they can request that the video be removed. Since this feature is only now expanding more broadly, it remains to be seen how effective it is.
(RTTNews) - Taste Gourmet Group Ltd. (8371.HK), a Hong Kong-based investment holding company, on Wednesday announced the resignation of Cheng Chin Wing as Chief Financial Officer, effective May 28, to pursue other opportunities. The company appointed Fung Hoi Yan as CFO with effect on the same day. Fung joined the company in May 2024 as financial controller and has more than 15 years of experience...
(RTTNews) - Taste Gourmet Group Ltd. (8371.HK), a Hong Kong-based investment holding company, on Wednesday announced the resignation of Cheng Chin Wing as Chief Financial Officer, effective May 28, to pursue other opportunities. The company appointed Fung Hoi Yan as CFO with effect on the same day. Fung joined the company in May 2024 as financial controller and has more than 15 years of experience in financial reporting, auditing, financial management and regulatory compliance of listed companies in Hong Kong. Prior to joining the company, Fung served as assistant financial controller at LH Group Holdings Ltd. (1978.HK). Taste Gourmet Group is currenlty trading 0.52% higher at HK$1.940 on the Hong Kong Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
A joint operation by the United States and Nigeria against Islamic State fighters has killed 175 over the past few days, Nigeria’s military said on Tuesday, while the head of the US Africa Command said it showed the capabilities its forces could bring in Africa, home to the “epicentre of global terrorism”. The US sent troops to Nigeria in February in what was deemed a mostly advisory and training ...
A joint operation by the United States and Nigeria against Islamic State fighters has killed 175 over the past few days, Nigeria’s military said on Tuesday, while the head of the US Africa Command said it showed the capabilities its forces could bring in Africa, home to the “epicentre of global terrorism”. The US sent troops to Nigeria in February in what was deemed a mostly advisory and training role, but the joint operation signals more active involvement. The US Africa Command, or AFRICOM, confirmed the joint operation, saying no US or Nigerian troops were harmed. The gains against Isis militants followed the killing last week of the deputy of the group’s West Africa chapter , Abu Bakr al-Mainuki, the first successful targeting of a senior militant in more than a decade of insurgency in Nigeria. Advertisement Nigeria’s military on Tuesday reported the killing of another senior leader, Abd-al Wahhab, who it said was responsible for coordinating finance and attack planning and logistics. Nigerian military spokesperson Samaila Uba said the strikes also destroyed weapons, checkpoints and financial networks of the militants across the country’s northeast. Advertisement Militant groups like Boko Haram and its Isis splinter group operate across vast areas in addition to numerous criminal groups specialising in kidnapping for ransom, generally called “bandits”. The crisis has killed thousands of people, according to the United Nations.
(RTTNews) - European stocks may open on a sluggish note Wednesday, with Middle East tensions and upcoming Nvidia earnings likely to be in focus. After pausing military action to allow diplomacy, U.S. President Donald Trump said the United States could strike Iran within days if ongoing negotiations fail. Trump also claimed that Iranian leaders were "begging" for a deal without providing further de...
(RTTNews) - European stocks may open on a sluggish note Wednesday, with Middle East tensions and upcoming Nvidia earnings likely to be in focus. After pausing military action to allow diplomacy, U.S. President Donald Trump said the United States could strike Iran within days if ongoing negotiations fail. Trump also claimed that Iranian leaders were "begging" for a deal without providing further details. As the U.S. and Israel prepare for possible new strikes on Iran, Tehran warned it would retaliate by opening "new fronts" against the U.S. Beyond the geopolitical headlines, traders await cues from Nvidia Corp.'s earnings and guidance later in the day for additional cues on whether the long-term AI story remains intact. Retail giants Walmart and Target are also scheduled to unveil their earnings results this week, with investors looking for new insights into consumer spending. Asian markets fell broadly after U.S. Treasury yields hit multi-year highs on growing concerns about inflation and the outlook for interest rates and economic growth. Earlier today, China's central bank kept its benchmark lending rates steady for a 12th straight month and signaled it's leaning more on targeted support than broad easing. Oil prices remain elevated near $111 a barrel, raising concerns that the U.S. Federal Reserve will raise borrowing costs later this year. The dollar held steady near a six-week high while gold was subdued at $4,470 an ounce. The Middle East conflict has now entered its 12th week, effectively keeping the strategic Strait of Hormuz closed to shipping traffic. NATO is not drawing up any plans for a potential mission in the Strait of Hormuz and would need a political decision to do so, U.S. Air Force General Alexus Grynkewich, NATO's Supreme Allied Commander for Europe, said. Earlier, media reports suggested that the alliance may consider escorting commercial vessels through the waterway if the route remains blocked beyond early July. Overnight, U.S. stocks fell not...
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the ...
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the note at 4 a.m. local time. European and US-based staff are expected to receive word early in their time zone as well, Bloomberg reported, citing an internal memo. Staff are being encouraged to work from home while the company cuts roughly 8,000 roles globally. This latest round of cuts is expected to hit Meta’s engineering and product teams in particular, and additional layoffs could come later in the year, the report added. On Monday, Meta ( META ) informed staff that some 7,000 workers have also been reassigned to newly formed teams that are focused on AI initiatives, including products and agents. More on Meta Meta's Selloff Looks Like A Major Misread Meta: Still A Mag 7 Bargain Why We Like Meta More Today Than When We First Bought It In 2018 Meta to offer rival AI chatbots limited free access to WhatsApp: report Meta will conduct May 20 layoffs in batches, announce organizational changes
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the ...
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the note at 4 a.m. local time. European and US-based staff are expected to receive word early in their time zone as well, Bloomberg reported, citing an internal memo. Staff are being encouraged to work from home while the company cuts roughly 8,000 roles globally. This latest round of cuts is expected to hit Meta’s engineering and product teams in particular, and additional layoffs could come later in the year, the report added. On Monday, Meta ( META ) informed staff that some 7,000 workers have also been reassigned to newly formed teams that are focused on AI initiatives, including products and agents. More on Meta Meta's Selloff Looks Like A Major Misread Meta: Still A Mag 7 Bargain Why We Like Meta More Today Than When We First Bought It In 2018 Meta to offer rival AI chatbots limited free access to WhatsApp: report Meta will conduct May 20 layoffs in batches, announce organizational changes
What happens when one of the leading figures behind Reform UK's rise is pressed on climate science — and threatens to walk out of the interview? This week on Bloomberg Green's Zero podcast, host Akshat Rathi sat down with Reform UK deputy leader Richard Tice for a long and often heated conversation about net zero, fossil fuels, renewables and the evidence behind his views. At one point, he declare...
What happens when one of the leading figures behind Reform UK's rise is pressed on climate science — and threatens to walk out of the interview? This week on Bloomberg Green's Zero podcast, host Akshat Rathi sat down with Reform UK deputy leader Richard Tice for a long and often heated conversation about net zero, fossil fuels, renewables and the evidence behind his views. At one point, he declared “it’s end of podcast.” It wasn’t. (Source: Bloomberg)
At Besiktas Park on Wednesday, Emery will stand on the touchline for his sixth Europa League final in 12 years. He lost the 2019 final to Chelsea while at Arsenal, where his 18-month reign was seen as a failure. But he has more triumphs in the competition than any other manager; three with Sevilla - in 2014, 2015 and 2016 - when they beat Liverpool - before a penalty shootout victory over Manchest...
At Besiktas Park on Wednesday, Emery will stand on the touchline for his sixth Europa League final in 12 years. He lost the 2019 final to Chelsea while at Arsenal, where his 18-month reign was seen as a failure. But he has more triumphs in the competition than any other manager; three with Sevilla - in 2014, 2015 and 2016 - when they beat Liverpool - before a penalty shootout victory over Manchester United with Villarreal in 2021. Emery, though, insists that will mean nothing come kick-off against their Bundesliga rivals. "I am not a king in this competition," he said. "I am now here with Aston Villa in a new chapter. Everything I did is done and of course it's there in that moment but with it I am not winning. "I need to win [in Turkey] with the players we have now, with Villa now. So now it's a new way, a new moment, and hopefully a new era. "If you are not respecting the opponent, you are closer to losing. If you are not respecting Europe, like we did during the process, we are not here. This is the strong mentality we had before. "We have a huge challenge, a huge challenge. Are we thinking about the next party on Friday? No, no." The former Paris St Germain boss has managed 115 games in the Europa League, winning 71, and his best win rate in the competition is his 85.7% with Villa. Those wins are a competition record. And since the start of 2023-24, no side has won more European matches than Villa's tally of 26. Emery - bizarrely overlooked in the Premier League's Manager of the Season nominations - spoke to his players on Saturday morning, a debrief following Friday's 4-2 win over Liverpool which sealed Champions League qualification. He also reminded them about the journey the club has been on since he replaced Steven Gerrard in late 2022 - a Europa Conference League semi-final, a Champions League quarter-final and two top-five finishes. Emery has needed a way with words at times, refusing to lay into his players at half-time during the abject defeat by Totten...
Alexis Crow, Partner & Chief Economist at PwC US, discusses the recent bond market volatility and concerns over rising inflation from elevated energy costs. She speaks with Yvonne Man and Avril Hong on Bloomberg’s The China Show. (Source: Bloomberg)
Alexis Crow, Partner & Chief Economist at PwC US, discusses the recent bond market volatility and concerns over rising inflation from elevated energy costs. She speaks with Yvonne Man and Avril Hong on Bloomberg’s The China Show. (Source: Bloomberg)