Tag: Wooden Furniture
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Nvidia estimates ‘may prove conservative’ as Microsoft, Google mentions of AI more than double
[ad_1] Microsoft Corp. and Alphabet Inc. mentioned “AI” so many times on their earnings conference calls that one bullish Nvidia Corp. analyst is beginning to think his above-consensus estimates may be too conservative. Jefferies analyst Mark Lipacis, who has a buy rating on Nvidia NVDA, -0.79%, noted that mentions of artificial intelligence on both Microsoft’s…
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Intel is showing improvements, but AI setup remains a ‘mixed story’: analyst
[ad_1] Intel Corp.’s upcoming earnings report could reflect recent improvements made by the company, but a Susquehanna Financial Group analyst still has questions about the chip company’s artificial-intelligence narrative. Susquehanna’s Christopher Rolland is encouraged by “improving dynamics” in the client and Chromebook markets that could help Intel INTC, +0.83% deliver second-quarter earnings within the top…
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IBM nears deal to buy software company Apptio for $5 billion: WSJ
[ad_1] International Business Machines Co. is close to a deal to buy cloud-based business software company Apptio Inc. for more than double its purchase price nearly five years ago, the Wall Street Journal reported late Friday. IBM IBM, -1.33% could close a deal to buy Apptio from private-equity firm Vista Equity Partners, possibly over the…
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Opinion: Intel confirms it will be a long slog for its foundry business
[ad_1] In an hour-long webinar Intel Corp. hosted for Wall Street analysts to provide updates on its contract manufacturing business, the company confirmed that it would be a long slog for investors. Shares of the world’s second-largest semiconductor company fell nearly 5% on Wednesday, following Tuesday’s lesser tumble of 3.8%, when Intel INTC, -6.00% was…
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Why Intel is the Dow’s worst performer for the second day in a row
[ad_1] Intel Corp.’s stock was on track to be the worst on the Dow Jones Industrial Average for a second day in a row Wednesday after the chip maker seeks to compete against third-party fab giant Taiwan Semiconductor Manufacturing Co. Intel’s INTC, -4.99% shares, which had been down about 2% before an event with Wall…
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FedEx shares are falling, Nio’s are rising and other stocks on the move
[ad_1] Here are some of the biggest movers ahead of Wednesday’s market open: Stock gainers: Shares of Nio Inc. NIO, -0.53% rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund. [ad_2] Source link