Sunday, December 22

Tag: heard on the street

Nvidia’s Rivals Prepare Their AI Assault
4Dec By adminNo Comments
World

Nvidia’s Rivals Prepare Their AI Assault

Nvidia was never going to have the artificial intelligence market all to itself. The past year has certainly made it seem that way, though. Nvidia’s sales have more than doubled—and its market value more than tripled—as major tech companies snapped up the company’s chips to capitalize on the explosive interest in generative AI sparked by the launch of the ChatGPT online chatbot a year ago. Intel and Advanced Micro Devices, two of Nvidia’s largest competitors, have seen their data-center sales shrink lately as the tech giants operating those networks have redirected their spending toward Nvidia’s specialized chip platforms. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Inflation’s Cooldown Gives the Fed Leeway
30Nov By adminNo Comments
Money

Inflation’s Cooldown Gives the Fed Leeway

Nov. 30, 2023 11:29 am ETSit down while you’re reading this: Fed policy makers made a dud prediction about how much inflation would cool at the tail end of 2023.The Commerce Department on Thursday reported that its overall index of consumer prices—the Fed’s preferred inflation gauge—was flat in October from September, putting it 3% above its year-earlier level. That was its slimmest year-over-year gain since March 2021. Core prices, which exclude food and energy items in an effort to better track inflation’s underlying trend, rose 0.2% from September. That put them 3.5% above their year-earlier level for the smallest gain since April 2021.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Price Is Wrong for Housing
28Nov By adminNo Comments
Money

The Price Is Wrong for Housing

Nov. 28, 2023 10:34 am ETLower rates would make U.S. houses more affordable, just not affordable enough.The pandemic set off a flurry of demand for housing. Americans’ newfound desire for space, the padding of U.S. household finances from government relief checks, and sub-3% mortgage rates were a potent mix that sent home prices skyward. Now the buying frenzy has passed and, with mortgage rates at their highest levels in over 20 years, not many homes are getting sold at all.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Microsoft Needs a Better Seat at OpenAI’s Table
28Nov By adminNo Comments
Money

Microsoft Needs a Better Seat at OpenAI’s Table

Microsoft played a weak hand rather well in the drama that engulfed OpenAI last week. But the tech giant now has a complicated task ahead: It needs to solidify its relationship with the high-profile startup while also showing it can chart its own course in the vital field of artificial intelligence.Wall Street has cheered Microsoft CEO Satya Nadella’s handling of the situation, which began with the surprise firing of OpenAI Chief Executive Sam Altman by the company’s board of directors late on Friday, Nov. 17, and concluded with Altman agreeing four days later to return to his role. In the interim, Microsoft announced plans to hire Altman directly, along with any other OpenAI employees who cared to join. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5ed...
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American Oil—Good to the Last Drop?
27Nov By adminNo Comments
Money

American Oil—Good to the Last Drop?

How low can they go?U.S. shale developers have been on a relentless chase to drill for oil as cheaply as possible. With plenty of cash in their pockets and a hunch that they might soon exhaust their best inventory in the prolific Permian Basin, some companies have been shifting their focus to making sure they get every last drop of crude they can get out of what they have. That could mean higher costs today.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Gene Editing Will Change Medicine—and Maybe Health Investing Too
24Nov By adminNo Comments
Money

Gene Editing Will Change Medicine—and Maybe Health Investing Too

It usually takes time for scientific discoveries in the lab to make their way to the market.The groundbreaking gene-editing technology known as Crispr, which acts like a molecular pair of scissors that can be used to cut and modify a DNA sequence, has moved rather quickly from the pages of scientific journals to the medical setting. Earlier this month, about three years after Jennifer Doudna and Emmanuelle Charpentier won the Nobel Prize in Chemistry for describing how bacteria’s immune system could be used as a tool to edit genes, regulators in the U.K. approved the first Crispr-based treatment for sickle cell disease and beta-thalassemia patients. The treatment, from Vertex Pharmaceuticals and Crispr Therapeutics, could be approved by the U.S. Food and Drug Administration early next mo...
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American Shoppers Have Plenty of Dry Powder
24Nov By adminNo Comments
Money

American Shoppers Have Plenty of Dry Powder

Americans say they are worried about the economy, and there certainly are reasons to question the staying power of consumer spending. That doesn’t mean they won’t spend heartily this holiday season.The U.S. consumer is in a funk, according to the U.S. consumer. The University of Michigan’s sentiment index, based on a long-running survey of households, remains far below prepandemic levels and lately has been near levels experienced in the wake of the 2008 financial crisis. Surveys of chief executives haven’t looked much better. And, while forecasters have lately been a little less dour, economists polled by The Wall Street Journal in October put the chances of a recession occurring within the next year at 48%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818...
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Nvidia’s AI Boom Almost Blows Past Politics
23Nov By adminNo Comments
Money

Nvidia’s AI Boom Almost Blows Past Politics

Nvidia rules the artificial intelligence world, but that world is getting a little smaller—and more crowded. The chip maker now synonymous with AI reported another quarter of blowout sales and earnings growth late Tuesday. Revenue more than tripled to $18.1 billion thanks mostly to soaring sales at the company’s data center segment, which is now four times as large as its other businesses combined. Nvidia’s strong lead in the chips necessary to power generative AI technologies such as ChatGPT is also evident in its surging bottom line. Adjusted operating margins hit a record high of 64% in the fiscal third quarter ended October, far above the company’s average of 38% for the same quarter over the past five years. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe8...
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