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Strategies & Market Trends Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (60331)	10/10/2024 2:29:10 AM
From: Johnny Canuck	1 Recommendation of 61327

TSM beat numbers on earnings. The devil will be in the details. Expectations are for strength in AI related segments and weakness in other consumer segments. ASML Holding NV Message Board - Msg: 34857053 (siliconinvestor.com)

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To: Johnny Canuck who wrote (60332)	10/10/2024 2:32:25 AM
From: Johnny Canuck	of 61327

TSM rises on AI demand. TSMC Q3 revenue tops estimates, pushed higher by AI chip demand (yahoo.com) TSM did not move through the day so either the beat was built in or someone did not love the forward guidance.

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To: Johnny Canuck who wrote (60333)	10/10/2024 2:34:16 AM
From: Johnny Canuck	of 61327

TSMC’s Sales Beat Estimates in Good Sign for AI Chip Demand Jane Lanhee Lee Wed, Oct 9, 2024, 3:38 AM PDT3 min read 2 In this article: TSM+0.59% NVDA-0.18% AAPL+1.67% (Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted a better-than-expected 39% rise in quarterly revenue, assuaging concerns that AI hardware spending is beginning to taper off. Most Read from Bloomberg San Francisco to Shut 9% of Public Schools Amid Budget Woes Chicago’s $1 Billion Budget Hole Exacerbated by School Turmoil Urban Heat Stress Is Another Disparity in the World’s Most Unequal Nation Should Evictions Be Banned After Hurricanes and Climate Disasters? From Cleveland to Chicago, NFL Teams Dream of Domed Stadiums The main chipmaker to Nvidia Corp. and Apple Inc. reported September-quarter sales of NT$759.7 billion ($23.6 billion), versus the average projection for NT$748 billion. Taiwan’s largest company will disclose its full results next Thursday. The better-than-anticipated performance may reinforce the view of investors betting that AI spending will remain elevated as companies and governments race for an edge in the emergent technology. Others caution that the likes of Meta Platforms Inc. and Alphabet Inc.’s Google can’t sustain their current pace of infrastructure spending without a compelling and monetizable AI use case. Hsinchu-based TSMC is one of the key companies at the heart of a global surge in spending on AI development, producing the cutting-edge chips needed to train artificial intelligence. Its sales have more than doubled since 2020, with the seminal launch of ChatGPT sparking a race to acquire Nvidia hardware for AI server farms. Shares in Nvidia were up about 1.2% in premarket trading in New York on Wednesday, while TSMC’s US-traded ADRs rose a more modest 0.8%. What Bloomberg Intelligence Says This reflects strong demand for AI chips and new N3E process orders from Apple, Qualcomm and MediaTek, despite delays in shipments of Nvidia’s Blackwell chips. Gross margin might also exceed the guidance midpoint of 54.5%. Focus in 3Q earnings call will be on whether 4Q guidance can exceed consensus’ 7% sequential-growth estimate. While Apple’s A18 chip orders may decline due to soft demand for new iPhone 16s, robust orders from Nvidia and Intel are likely to offset any revenue shortfall. Other key topics include the potential for earlier 2-nanometer (N2) node mass production and plans to expand its chip-on-wafer-on-substrate (CoWoS) advanced packaging capacity in 2025. - Charles Shum, analyst Click here for the research. TSMC’s stock has more than doubled since the launch of ChatGPT, with its market capitalization briefly crossing the $1 trillion mark in July. That month, Taiwan’s largest company also lifted its outlook for 2024 revenue growth after quarterly results beat estimates. In recent months, however, views have begun to diverge on whether the AI-driven growth momentum will last. That skepticism has led to a pullback in AI stocks, including flag bearer Nvidia, earlier this year. TSMC’s view is that AI spending will remain high despite growing US-Chinese trade tensions. In both countries, startups and tech firms from Microsoft Corp. to Baidu Inc. are splurging on AI infrastructure in a race to develop applications. Nvidia’s key server assembly partner Hon Hai Precision Industry Co. earlier this week also reaffirmed demand for AI hardware remains solid. Hon Hai Chairman Young Liu told Bloomberg TV on Tuesday that his company plans to boost server production capacity to meet “crazy” demand for the next-generation Blackwell chips, echoing similar remarks from Nvidia Chief Executive Officer Jensen Huang earlier this month. But analysts worry that delays in the delivery of Nvidia’s latest Blackwell chips might disrupt the industry, though most investors don’t view that as a long-term issue for TSMC. With Intel Corp. and Samsung Electronics Co. both struggling to get ahead in the business of bespoke chipmaking, TSMC’s market leadership is expected to help prop up margins. TSMC now makes more than half of its revenue from high-performance computing, the segment of its business driven by AI demand. It also remains the sole manufacturer for the iPhone’s processor, although a growing number of analysts have voiced concerns over worse-than-expected demand for the new iPhone 16 range. --With assistance from Vlad Savov.

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To: Johnny Canuck who wrote (60334)	10/10/2024 2:36:51 AM
From: Johnny Canuck	of 61327

Portugal plans to become low-tax haven for young people Centre-right government bets on 10 years of tax breaks to stop brain drain More than 360,000 people aged 15 to 35 left Portugal between 2008 and 2023, accounting for two-thirds of all emigrants during that period © Patricia De Melo Moreira/AFP/Getty Images Portugal plans to become low-tax haven for young people on x (opens in a new window) Portugal plans to become low-tax haven for young people on facebook (opens in a new window) Portugal plans to become low-tax haven for young people on linkedin (opens in a new window) Save current progress 77% Barney Jopson in Madrid and Sérgio Aníbal in Lisbon an hour ago 5Print this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Portugal is planning to turn itself into a low-tax haven for young people by offering a decade of tax breaks to people starting their careers in an effort to halt a growing brain drain. The country’s centre-right government wants to reduce the income tax burden on young people for 10 years — including a first year in which no tax is due — under a plan that has few precedents in fiscal policy elsewhere. The initiative underlines the urgency of reversing a debilitating outflow of young people, who are leaving one of the poorest economies in western Europe in search of better paid jobs abroad. Portuguese Prime Minister Luís Montenegro, who leads a fragile minority government, will present the tax plan as part of a 2025 budget on Thursday, but it is not certain he has enough votes to get it approved by parliament. If he fails, his government’s survival will be in doubt. The government in Lisbon is seeking to tackle a combination of high taxes, low wages and high housing costs that are driving many highly educated young people out of the country. “Our goal is truly to increase our ability to retain talent, to keep our young people in Portugal, ensuring that fewer of them leave, and that those who do can return,” Montenegro said this summer. “We want a tax system that is more youth friendly.” Portugal’s Prime Minister Luís Montenegro will present the tax plan on Thursday © Samuel Corum/AFP/Getty Images Under the proposal, young people would pay no income tax in their first year of work. They would be exempted from 75 per cent of tax due in years two to four, exempted from 50 per cent of tax due in years five to seven, and exempted from 25 per cent in years eight to 10. But the IMF has raised doubts over the fiscal incentives for young people, warning that the impact of age-based preferential tax rates on emigration is “uncertain”. Gonçalo Matias, chair of the Francisco Manuel dos Santos foundation, said it was “absolutely critical” to stem the emigration of graduates from Portuguese universities that had received a surge of public investment. “Portugal has been investing in education, but that investment is benefiting countries like France and Germany,” which receive Portuguese immigrants, he said. “It doesn’t make sense for a poor country like Portugal that actually benefited a lot from European funds and European solidarity to then lose that investment to the richer countries.” Matias described the proposed tax breaks as “sensible and balanced”, but said that to change the tide, the government would also need to do more to make housing affordable, help young people find employers, and cut red tape. The previous Socialist government, which lost an election this year, also introduced tax breaks for young people, but they were only available to university graduates. The current proposal would apply to everyone under 35. Montenegro said in a television interview on Tuesday that his government’s proposal was “a more balanced solution?.?.?. than the one we had initially”, a reference to the outcome of talks with the Socialist opposition that led him to cut the scheme’s length to 10 years from 13. But the Socialist party’s support for the budget is not guaranteed because it is opposed to cutting the corporate tax rate, which is also part of the government’s plans. Marina Costa Lobo, director of Lisbon’s Institute of Social Sciences, said Montenegro had appeared “very moderate and also quite pragmatic” in the haggling over youth income tax. “If the Socialists refuse to support this budget, they will look irresponsible. They will look like they are rejecting stability in favour of resisting giving any kind of support to this government.” The prime minister could also reach a majority with the support of the hard-right Chega party, Portugal’s third-biggest political force. Its leader André Ventura has spoken approvingly about the youth tax cuts, but he also presents himself as Montenegro’s chief opponent and lambasts dealmaking between the Democratic Alliance (AD) and the Socialists. Portugal has long been a country of emigrants. The number of people who were born there but live overseas is equal to about one quarter of Portugal’s resident population of 10.6mn, the highest rate in the EU, according to the Emigration Observatory. But in recent years the departure of talented young people has come to be seen as an economic handicap. Between 2008 and 2023, 361,000 people aged between 15 and 35 left the country, accounting for two-thirds of all emigrants during that period, according to the national statistics institute. Despite the outflow, Portugal’s population has continued to grow in part because it has attracted migrants from other countries with a golden visa programme and tax incentives for well-off expats, both of which are being phased out. The new youth tax breaks will, however, be available to non-Portuguese citizens who move to the country. The government estimates that the youth tax breaks will cost the state about €650mn a year. The IMF warned that such reductions in tax revenue ran counter to Portugal’s needs to pay off government debt while funding more public investment. A worker in Portugal earning the average annual wage of about €20,000 currently pays a top income tax rate of 26 per cent. Anyone earning between roughly €21,000 and €27,000 pays a top rate of 32.75 per cent. Additional reporting by Emma Agyemang

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To: Johnny Canuck who wrote (60335)	10/10/2024 2:37:56 AM
From: Johnny Canuck	of 61327

Competition and the clock: how Google plans to deflect and delay a historic break-up threat Search group claims regulators are overreaching just as foreign and domestic rivals are gaining ground Legal timelines involved in the complex and high-stakes case are likely to allow Google to put off any impact on its business for years © FT montage/Dreamstime Competition and the clock: how Google plans to deflect and delay a historic break-up threat on x (opens in a new window) Competition and the clock: how Google plans to deflect and delay a historic break-up threat on facebook (opens in a new window) Competition and the clock: how Google plans to deflect and delay a historic break-up threat on linkedin (opens in a new window) Save current progress 62% Tim Bradshaw in London, Stephen Morris in San Francisco and Stefania Palma in Washington 2 hours ago 1Print this page Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House A court-ordered break-up of Google would be unprecedented in modern American corporate history, delivering a blow to the Big Tech company that even Microsoft ultimately dodged when it lost its own US antitrust case two decades ago. Yet for the legal team tasked with mounting Google’s response to the potential sanctions that the Department of Justice revealed on Tuesday night, the case could hardly have landed at a better time. Google’s initial response to the DoJ’s proposals — that competition is “thriving” in search ads and “fierce” in artificial intelligence — would have been less convincing even two years ago, before OpenAI’s launch of the breakthrough ChatGPT chatbot. Spinning out its arguments through the appeals courts will be crucial to Google’s strategy as it looks to deflect or delay the effects of August’s landmark ruling by a federal judge that it maintained an illegal monopoly by paying billions of dollars to device makers, mobile carriers and browser developers. The legal timelines involved in such a complex and high-stakes case are likely to allow Google to put off any impact on its business for years. It plans to appeal the liability decision when the judge rules on remedies, which is likely to be in mid-2025, and may then also contest the remedies themselves. Google executives are feeling a degree of whiplash after a period of heightened anxiety from investors that the company was falling behind in the AI race, just as it faced three separate lawsuits accusing it of abusing its dominance in search, advertising and mobile platforms. With new search advertising competitors, such as Amazon and TikTok, emerging and widespread disruption to its core business from AI start-ups, including OpenAI and Perplexity, Google can argue that it is facing the stiffest competition since Microsoft’s Bing launched 15 years ago. On Tuesday, for example, Google pointed to an Emarketer forecast that its share of US search advertising spending would fall below 50 per cent next year for the first time since the research group started tracking the market in 2008 — primarily due to rapid growth in Amazon’s marketing business. However, the DoJ successfully made the case that Google monopolises a narrower market for general search engines, making Amazon’s inroads irrelevant from the court’s point of view. Google still handles more than 90 per cent of online search queries, according to StatCounter. Broadly, Google’s argument focuses on what it describes as regulatory “over-reach” following a case about the impact of its distribution agreements. Forcing it to divest assets or share data with competitors would “go far beyond the specific legal issues in this case”, it said in a blog post on Tuesday. Requiring Google to split off its Chrome browser or Android operating system, or other “structural” remedies, would “tilt the field at the precise moment that competition is thriving”, the company said. Instead, Google would prefer any remedies to focus on the contracts it strikes with the likes of Apple and Mozilla, the Firefox browser maker, the company said. Even then, Google argues it should still be allowed to pay those partners for distribution, as long as those deals do not demand exclusivity. John Kwoka, professor at Northeastern University, disagreed, saying Google was “a complicated company that has an awful lot of operating levers to achieve what it wants, and so it needs to be matched with an equally wide set of complementary remedies, up through and including divestitures where necessary”. He pointed to a long history of companies evading the effects of regulators’ “conduct” remedies — a risk raised by the DoJ, which warned that “mechanisms and incentives for circumvention are endless”. “This filing is an important stake in the ground and says ‘if we need to, we’re going to take a crack at this’,” Kwoka said. The DoJ was likely to argue that structural remedies were “necessary, that nothing else will work”, he added. Google has meanwhile invoked the spectre of AI competition from China — without mentioning the country directly — to argue that weakening the Silicon Valley company would amount to undermining the US on the international stage. Forcing it to share the “secret sauce” behind its search engine, such as data and algorithms, could put sensitive consumer information in the hands of China’s Baidu or Russia’s Yandex, Google suggested. Such companies might not uphold its own standards of privacy or security, it added. “Government over-reach in a fast-moving industry may have negative unintended consequences for American innovation and America’s consumers,” it wrote in its blog post. “It’s hard to think of a technology more important for America’s technological and economic leadership [than AI].” The Google case is overseen by Jonathan Kanter, a progressive antitrust official appointed by President Joe Biden © Bloomberg The DoJ saw things differently, arguing that the company’s “ability to leverage its monopoly power to feed artificial intelligence features?.?.?.?risks further entrenching Google’s dominance”. The company is likely to appeal its antitrust cases all the way up to the US Supreme Court. “This is the start of a long process,” it said in Tuesday’s blog post. Yet Jason Kint, a Big Tech critic who leads the Digital Content Next trade group of online publishers, said it was not a given that the Supreme Court would take up the case. He estimated that it could take two or three years for any remedies to be enforced if the case proceeds through the courts, adding: “The reality is Google is racking up [legal] losses, they have a difficult set of facts along with spoliation from purging evidence and they may try to settle or proactively make moves to control the outcome.” The case is one of the most high-profile legal challenges overseen by Jonathan Kanter, one of the progressive antitrust officials appointed by President Joe Biden who has clamped down on anti-competitive conduct across the US economy. Considering Google’s willingness to file appeals against the judge’s ruling, Kanter may no longer be heading the DoJ’s antitrust division by the time the case reaches completion. November’s presidential election could also affect the outcome. Microsoft was able to reach a settlement with the George W Bush administration in 2001, less than a year after the Republican president had been elected. However, any new Republican administration next year may not necessarily threaten the tougher policy introduced under Biden. Big Tech has attracted bipartisan ire in Washington in recent years, and a new generation of populist conservatives — including JD Vance, Republican candidate Donald Trump’s vice-presidential pick — have praised Washington’s more aggressive antitrust stance. A second Trump White House may avoid undermining the Google search case in particular as it was originally filed during his first administration. Recommended Elaine Moore Google break-up could turn Big Tech into Medium Tech There was a possibility that new DoJ officials might “go soft” on remedies or in a potential appeals process, Kwoka said, citing Trump’s unpredictability and Democratic presidential candidate Kamala Harris’s apparent openness to meeker antitrust policy. But, he added, “Big Tech doesn’t have the deference it did five years ago from either party, so?.?.?.?some version of this will probably go ahead.” Google also faces other threats. Earlier this week, a California judge ordered it to open Android to rivals so they can create their own app marketplaces to compete with Google Play. The DoJ is separately suing Google for its alleged monopolistic control over digital advertising. Yet, despite these blows, Wall Street’s reaction has been sanguine. Shares in Alphabet, Google’s parent company, fell only 1.5 per cent on Wednesday, leaving its market capitalisation just below $2tn, and maintaining its position as the world’s fourth-largest listed company. The DoJ’s proposal “goes a mile wide and an inch deep”, analysts at Bernstein said: “As expected, the remedy set was far-reaching and light on specifics, though we remind readers that this is only the first inning of the battle.”

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To: Johnny Canuck who wrote (60336)	10/10/2024 3:18:03 AM
From: Johnny Canuck	of 61327

Advertisement 2 Dividend Stocks to Double Up on Right Now John Ballard, The Motley Fool Wed, Oct 9, 2024, 2:20 AM PDT4 min read 3 In this article: NKE+2.08% VZ+0.23% Investing in stocks of strong companies that offer unusually high yields relative to their dividend-paying history can help you populate your portfolio with winners. Here are two dividend stocks that are paying their highest yield in years. You might want to give them added consideration. Here's why. 1. NikeRight now, investors have the opportunity to buy shares of one of the most iconic brands in the world while they trade at a discount. Sports apparel conglomerate Nike (NYSE: NKE) generates $50 billion in annual revenue making it, among other things, the global leader in footwear. But Nike's stock price has fallen 54% from its previous peak over weak consumer spending. The lower share price pushed Nike's forward dividend yield up to an above-average 1.83% based on a current quarterly per-share payout of $0.37 -- the highest yield since 2009. ADVERTISEMENT Advertisement It's a challenging year for Nike. Sales fell by double-digit rates year-over-year in the most recent quarter. However, Nike continues to remain profitable while management implements a new strategy to turn sales around. Its current quarterly dividend is about half its quarterly earnings, which gives the company a cushion to sustain dividends even during a challenging retail environment. Nike recently hired former company veteran Elliott Hill as its new CEO. The hire has the company's teams upbeat about the future, which is a great sign. While a return to growth is expected to take some time, Hill's experience in leading the company's commercial and marketing operations for Nike and Jordan Brand across four geographies should be valuable in engineering a turnaround. Nike is in the process of shifting its product portfolio away from lifestyle products to a focus on sports, which is the heart of the brand. The company has already seen early progress, with growth across men's fitness, global football, and running footwear in the fiscal first quarter of 2025. With the global athletic wear market expected to keep growing to $293 billion by 2029, according to Statista, investing in Nike should pay off with good returns and many years of passive income. 2. Verizon CommunicationsThe leading telecom operators make great dividend investments thanks to their recurring revenue streams from wireless and broadband subscribers. Verizon Communications (NYSE: VZ) reported healthy increases in postpaid phone net additions recently that sent the stock up 16% this year, but the shares still offer a high forward dividend yield of 6.16% -- Verizon's highest yield in over a decade. ADVERTISEMENT Advertisement The concerns Wall Street had about telecom growth amid the macroeconomic challenges this year were muted last quarter. Verizon reported a solid 12% year-over-year increase in consumer postpaid phone net additions, which refers to those customers who pay for their wireless plan with a monthly charge. Verizon could be well positioned to ride the coattails of Apple as it launches new artificial intelligence (AI)-optimized iPhones that are expected to drive strong sales. The secret to Verizon's growth strategy is that it offers attractive add-on services to win customers to its wireless service, including deals on subscriptions to top digital entertainment services. These compelling add-ons will be valuable tools in retaining customers and driving strong financial results to support the dividend. Verizon has paid a dividend every year for 40 years, including all the companies that were merged over the years to create what is today Verizon Communications. The current per-share quarterly dividend is $0.6775, representing a payout ratio of 60% based on adjusted earnings guidance for 2024. With strong demand expected for AI-enabled smartphones over the next several years, buying Verizon shares at their current high yield should lead to excellent returns for investors. Should you invest $1,000 in Nike right now?Before you buy stock in Nike, consider this: ADVERTISEMENT Advertisement The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nike wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $782,682!* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002. See the 10 stocks »* ADVERTISEMENT Advertisement *Stock Advisor returns as of October 7, 2024 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Nike. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. 2 Dividend Stocks to Double Up on Right Now was originally published by The Motley Fool View comments (3) &soc_src=social-sh&soc_trk=fb&tsrc=fb] &url=[state.currentArticleUrl]&soc_src=social-sh&soc_trk=tw&tsrc=twtr] &body=[state.currentArticleUrl]&soc_src=social-sh&soc_trk=ma] Terms/ Privacy Policy Privacy Dashboard About Our Ads Advertisement Recommended Stories Motley Fool This Incredible High-Yield Dividend Stock Could Slowly Make You Richer 23h ago Motley Fool 3 Magnificent S&P 500 Dividend Stocks Down 11% to 18% to Buy and Hold Forever 18h ago Motley Fool I Own 9 Vanguard ETFs. Here's Why I Own Each One. 20h ago Motley Fool 2 Vanguard ETFs to Buy Hand Over Fist and 1 to Avoid 21h ago Zacks Verizon Communications Inc. (VZ) Is a Trending Stock: Facts to Know Before Betting on It 2d ago Zacks Verizon Fiber Network Gains Traction: Will VZ Stock Benefit? 2d ago Benzinga Jensen Huang To Keynote CES 2025 As 'True Visionary In The Tech Industry': How Much Did Nvidia Stock Rise Since Last Year's Show? 15h ago Motley Fool 1 Growth Stock Down 63% to Buy Right Now 19h ago Motley Fool Got $5,000? Supercharge Your Passive Income With These 5 Ultra-High-Yield, High-Risk Dividend Stocks. 22h ago Zacks AI Boom Fuels Gas Demand: WMB, ENB, KMI Pipeline Stocks to Gain? 19h ago Barrons.com Lululemon and Nike Are Less Popular Among Teens. 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To: Johnny Canuck who wrote (60337)	10/10/2024 3:20:16 AM
From: Johnny Canuck	of 61327

Subscribe Sign In Forbes Innovation Enterprise Tech Qualcomm Has Become A Leader In Automotive Automation Karl Freund Contributor Founder and Principal Analyst, Cambrian-AI Research LLC Follow Click to save this article. You'll be asked to sign into your Forbes account. Got it 0 Oct 8, 2024,06:56pm EDT Updated Oct 9, 2024, 07:27pm EDT Qualcomm's auto-related revenue jumped 87% year over year in the second quarter this year, well ahead of rivals Nvidia and Mobileye. Qualcomm estimated its automotive pipeline to be $45B earlier this year, double that of the previous year. Qualcomm's automotive efforts are critical to the company’s growth and diversification strategy. Automotive technology includes infotainment, advanced driver assistance systems (ADAS), and other systems that support the transition to software-defined vehicles. According to the company, almost every major automotive OEM is adopting Qualcomm's Snapdragon platform and digital chassis strategy. To prove that point, Qualcomm is equipping over 115 vehicle models that were launched in FY24. Two significant wins announced last year were for Mercedes Benz and BMW for infotainment applications. I recently spoke with Laxmi Rayapudi, Qualcomm's Vice President of Product Management, to learn what Qualcomm is doing to meet the needs of major automotive companies. Automotive silicon is a huge opportunity: QTI estimates it to be a $100B market by 2030. Qualcomm’s focus on edge AI and on-device inference processing positions the company well to succeed in the exploding automotive segment. "The integration of AI in the automotive sector is revolutionizing how we drive, enhancing safety, efficiency, and the overall driving experience,” said Laxmi. “Qualcomm's groundbreaking advancements in AI technology (on edge) are at the forefront of this transformation, enabling vehicles to become smarter, more connected, and capable of making context-aware real-time decisions that improve both performance and safety on the road." Leveraging the Snapdragon SOC designed for low-power AI, Qualcomm has created a leadership position as its competitors struggle to deliver the computational horsepower needed for ADAS and the required graphics-intensive work for cockpit infotainment. Qualcomm refers to its SoC as the first integrated automotive super-compute class System-on-Chip, the Snapdragon Ride Flex SoC. Qualcomm's Digital Chassis offers a more complete, one-stop-shop approach to integrating multiple automotive technologies under a single platform. This includes ADAS, infotainment, telematics, connectivity, and car-to-cloud services, providing automakers with a comprehensive modular platform. Qualcomm's connectivity solutions surpass competitors, including 5G, LTE, Wi-Fi, and Bluetooth integration. Qualcomm is also very flexible. Auto OEMs can select which workloads to run on the Snapdragon. For example, they could use Nvidia for ADAS and Qualcomm for Infotainment and connectivity. Qualcomm has integrating the various functions [+]needed for an auto onto a single, software-defined architecture.Qualcomm 00:00 03:12 Read More Qualcomm sees the future as being powered by a centralized compute facility, aggregating domain-specific functions to reduce latencies and lower costs. Qualcomm believes that today’s Domain-controller [+]centric architecture will evolve to become more centralized and integratedQualcomm ConclusionsQualcomm's automotive revenue in the most recent quarter was $811 million, an 87% increase from the same quarter in 2023. AI at the edge is certainly alive and well for the company, far outstripping Nvidia’s automotive business. Many analysts believe that the automotive market could reach over $100B by 2030, so this is not an insignificant market by any stretch, and Qualcomm seems to have the right mix of compute, graphics and communication technologies the market is looking for. I’m hoping to learn more about Qualcomm’s Auto strategy and roadmap at the upcoming Snapdragon Summit event which takes place later this month. Stay tuned! Follow me on Twitter or LinkedIn. Check out my website. Disclosures: This article expresses the author's opinions and should not be taken as advice to purchase from or invest in the companies mentioned. Cambrian-AI Research is fortunate to have many, if not most, semiconductor firms as our clients, including Blaize, BrainChip, Cadence Design, Cerebras, D-Matrix, Eliyan, Esperanto, GML, Groq, IBM, Intel, Micron, NVIDIA, Qualcomm Technologies, Si-Five, SiMa.ai, Synopsys, Ventana Microsystems, Tenstorrent and scores of investment clients. We have no investment positions in any of the companies mentioned in this article and do not plan to initiate any in the near future. For more information, please visit our website at cambrian-ai.com. Karl Freund Follow I spent over 35 years as a high tech exec at HPE, IBM, and AMD. Now I ... Read More Editorial Standards Forbes Accolades © 2024 Forbes Media LLC. All Rights Reserved. AdChoices Privacy Statement Do Not Sell My Personal Information Digital Terms of Sale Terms of Service Contact Us Report a Security Issue Jobs At Forbes Forbes Accolades Forbes Press Room Advertise October Prime Day Is Here Our Editors Found The Best Deals Shop Now

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To: Johnny Canuck who wrote (60338)	10/10/2024 11:41:44 AM
From: Johnny Canuck	of 61327

Zuckerberg’s metaverse is finally showing signs of life, but it’s not from VR Published Thu, Oct 10 20249:00 AM EDT Salvador Rodriguez @sal19 Jonathan Vanian @in/jonathan-vanian-b704432/ WATCH LIVE Key Points The company formerly known as Facebook appears to have found its footing in virtual and augmented reality through smart glasses. Following the Orion smart glasses showcase, Meta is preparing to strengthen its relationship with software developers as it works toward building a consumer version of the device. The company is also pushing its current generation of Ray-Ban Meta smart glasses to more consumers for the 2024 holiday shopping season. In this article EL-FR-2.70 (-1.26%) META-4.85 (-0.82%) Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo \| Reuters When Facebook changed its name to Meta in October 2021, CEO Mark Zuckerberg used the occasion to show the world his vision of a digital future of work and recreation accessible through a virtual reality headset. The company soon opened its play universe called Horizon Worlds, featuring floating personalized avatars. As the rebranding to Meta approaches its third anniversary, none of that stuff has gone mainstream. But the company appears to have found its footing in virtual and augmented reality through a different medium. After achieving surprise early success in the smart glasses market through a partnership with Ray-Ban, Meta is ginning up excitement for the prototype of a much more advanced pair of glasses called Orion, a project nearly a decade in the making. Zuckerberg’s reveal of Orion late last month has triggered a level of enthusiasm that’s unfamiliar in the metaverse. The triumphant demo, at Meta’s annual Connect event, was a relief to many employees and represented an internal shift in sentiment toward Zuckerberg’s costly hardware ambitions, according to people close to the company who asked not to be named because they weren’t authorized to speak to the press on the matter. At the start of the demo, Zuckerberg pulled the device out of a locked metal briefcase. He showed off the gadget — a pair of black, thick-framed AR glasses — to the live audience before placing it on his face. Orion comes with a wireless puck that allows it to run holographic virtual images on top of what users see in real life. It also relies on a wristband that picks up on a user’s neural signals to let them control the device. The demo was seamless. The crowd oohed and aahed. Rave product reviews followed from the few who got to test it. CNBC’s Julia Boorstin described a call she had with her producer, saying, “It was like I was FaceTiming with him but he was in my glasses.” The Verge’s Alex Heath played Zuckerberg in a game of Pong and wrote that he “noticed little to no lag in the game.” “The right way to look at Orion is as a time machine,” Zuckerberg said at Connect. “These glasses exist, they are awesome and they are a glimpse of a future that I think is going to be pretty exciting.” watch now VIDEO02:31 Meta’s Orion AR glasses prototype: CNBC reviews Following the Orion showcase, Meta is preparing to strengthen its relationship with software developers as it works toward building a consumer version of the device, and to pushing its current generation of Ray-Ban Meta smart glasses to more consumers for the 2024 holiday shopping season. The company is also looking at ways to bring the technology developed for the Orion wristband to its other consumer devices, notably the Quest VR headsets and the Ray-Ban Meta smart glasses, according to a person familiar with the matter. For Meta, the uptick in excitement among employees and users comes well after Wall Street jumped back into the stock. After the company lost almost two-thirds of its value in 2022 and then slashed about a quarter of its workforce, or 21,000 jobs, Meta’s stock price almost tripled last year and is up more than 60% in 2024, reaching a fresh high this month. Meta proved the resilience of its dominant online advertising business, rebuilding the underlying technology after Apple’s iOS privacy change made it harder to target users, and adding generative artificial intelligence tools to make it easier for brands to run campaigns. But proving that it can mimic its digital ad success in a totally different market has been a persistent challenge. Facebook’s initial foray into VR came in 2014 with the $2 billion purchase of Oculus. Since then, the company has poured more than $63 billion into what’s now called Reality Labs, its AR and VR hardware and software division, and it’s recording operating losses in the billions of dollars per quarter. In the second quarter, Reality Labs generated just $353 million in revenue, accounting for less than 1% of the company’s total sales. Industrywide, global shipments of VR and AR headsets in the period sank roughly 28% from a year earlier to 1.1 million units, according to market researcher IDC. “This is a very long-term bet,” Zuckerberg said in July 2023. “At a deep level, I understand the discomfort that a lot of investors have with it because it’s just outside of the model of I think even most long-term investors.” Orion provides a tangible example of the company’s strategy and a logical and compelling next step following smart glasses, people familiar with Reality Labs told CNBC. Meta declined to comment. A project 10 years in the making Meta is planning to start courting developers next year, as it tries to get them excited about building apps for Orion so the company can learn what might resonate with consumers, according to people familiar with the company’s road map. The push into the developer community would coincide with Meta’s expected debut of the fourth generation of its Llama family of AI models. By releasing a more powerful Llama, Meta is hoping that developers would be able to incorporate the software in their future AR apps to help power tasks like recognizing real-world objects and more accurately reacting to voice commands, the people said. Ultimately, Meta is working toward building a consumer version of Orion, something that could happen within two years, they said. That timeline may be overly ambitious considering how long it took to get Orion this far. Facebook began working on the device as far back as 2016 under the leadership of Oculus’ then chief scientist, Michael Abrash, according to people familiar with the matter. Abrash is now chief scientist at Reality Labs. Meta employee Sara Nicholson poses with the Ray-Ban sunglasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 24, 2024. Manuel Orbegozo \| Reuters In 2018, the project was moved out of research and development and was put on the product path under the guidance of Andrew “Boz” Bosworth, who was Facebook’s head of hardware at the time and is now Meta’s technology chief. At one point, the company had a version of the device that offered AR visuals but it had to be in extremely controlled settings to work, the people said. For example, visuals didn’t work outdoors, they said. Meta has been testing functioning versions of Orion glasses for well over two years, the people said, getting the product to a point where it could finally be unveiled to the broader company and to outsiders. The company finished the prototype in March. Engineers put a lot of work into getting the device to weigh less than 100 grams (3.5 ounces), about twice the weight of a heavy pair of glasses, and to have a 70-degree field of view, sources said. Zuckerberg, who’s been the driving force behind the company’s advances in AR and VR, made the ultimate decision to go public with Orion, the people said. Building on surprise success Meta is likely years away from being able to deliver a consumer version of Orion and has numerous challenges to overcome to reach mass production. “One could criticize Orion as vaporware,” Joseph Bonner, an analyst at Argus Research, wrote in a report to clients on Oct. 4, referring to “technology that may not end up in an actual product.” Bonner, who recommends buying the stock, said the product demonstrates “Meta’s continued commitment to virtual and mixed reality applications.” Meta will need to develop a global manufacturing supply chain that can account for some of the rare materials used in the device. One particular hurdle will be figuring out how to get mass quantities of silicon carbide, which is used for the displays in the Orion lenses. Meta recently hired someone from semiconductor contract manufacturing company GlobalFoundries to help develop and oversee the supply chain for Orion and related AR and VR devices, people with knowledge of the matter said. In the meantime, Meta is looking to build on the success of its second-generation Ray-Ban Meta smart glasses. Released in partnership with EssilorLuxottica in September of last year, the product featured a number of upgrades, including better camera quality, improved battery life and an AI voice assistant. The smart glasses went viral on TikTok during the holiday shopping season, and sales exceeded both companies’ expectations. More than 730,000 units have been sold in their first three quarters since release, according to IDC. Zuckerberg told investors in July that they were “a bigger hit sooner than expected.” Last month, Meta and Luxottica agreed to extend their partnership, with plans to release a bulkier, third generation of their glasses in time for the coming holiday season. The new device is expected to include a small display in one of the lenses, people familiar with the matter said. A Luxottica representative didn’t respond to a request for comment. Meta is also opening a pop-up shop to showcase the smart glasses and to get them in front of more consumers. The pop-up shop will be at a retail space in Los Angeles. A job post by BDS Connected Solutions says the company is looking for retail staffers in the West Hollywood neighborhood. “We’re staffing up for the ultimate Meta pop-up experience in the heart of Los Angeles,” BDS says in a post on X. “With lowriders, street vibes, and everything that makes LA iconic, this pop-up is a true celebration of Southern California culture.” Don’t miss these insights from CNBC PRO How Warren Buffett decides when to sell a stock, and why he might be dumping Bank of America This is the cost of carrying too much cash, according to Wells Fargo Chinese stocks are on fire, and this sector is poised to benefit David Tepper’s big bet after the Fed rate cut was to buy ‘everything’ related to China WATCH: Meta has more innovation momentum than Apple watch now VIDEO06:22 Meta has more innovation momentum than Apple, says Deepwater’s Gene Munster In this article EL-FR-2.70 (-1.26%) META-4.85 (-0.82%) WATCH LIVESTREAM Prefer to Listen? 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To: Johnny Canuck who wrote (60339)	10/10/2024 11:46:11 AM
From: Johnny Canuck	of 61327

Stellantis is struggling. Here’s why Published Thu, Oct 10 20248:00 AM EDT Robert Ferris @in/robert-ferris-a482061/ @RobertoFerris WATCH LIVE watch now VIDEO16:32 Here’s why Stellantis is struggling In this article STLA-0.07 (-0.54%) American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world’s fifth-largest automaker by volume, according to S&P Global Mobility. The 2021 merger of the French maker Groupe PSA and the American-Italian Fiat Chrysler promised billions of dollars of savings in synergies and new opportunities for brands spanning two continents to share the burden of developing costly new technologies such as electric vehicles and software. Some of those promises came to fruition. “At first, the market was quite doubtful whether Stellantis could pull off the $5 billion in synergies between the two companies that they had announced,” said Daniel Roeska, managing director at Bernstein. But Stellantis did better than that. “They managed to pull off $8 billion,” he said. “And then they stopped counting.” 2023 was a banner year: record sales, record profits, record free cash flow. Behind those results, all kinds of problems lurked. Customers balked at high prices. Products grew stale, while competitors refreshed their own lineups. Product quality complaints dogged the company, especially on new Jeep models with price tags that ran above $100,000 — new territory for the brand. Sales in the first half of 2024 fell 14% and profits plummeted by nearly half, the company said . Shares of the stock have also fallen, from an all-time high of $29.51 in March to just above $13 in early October. At the heart of this are high inventories in North America, the home of the Jeep and Ram truck brands, estimated by RBC Capital to make up about 50% of Stellantis’ profits. Out of all brands in the U.S., Stellantis vehicles have some of the highest inventories of vehicles on dealer lots, according to Cox Automotive. That means they aren’t selling. “North America operations were highly profitable and kind of seen as a little bit of a cash cow,” said Stephanie Brinley, director of the AutoIntelligence unit at S&P Global Mobility. “Maybe the idea was it could run itself with not much influence. But it still needed support.” Now dealers are furious — the company’s council of dealers in North America sent an open letter to Stellantis’ top management, including CEO Carlos Taveres, accusing them of ignoring warnings and making mistakes that have led to the company’s struggles. The United Auto Workers union is threatening to strike again. Disputes with suppliers have ended up in the courts. “The whole discussion on Stellantis has basically collapsed,” Roeska said. “We’re not talking about free cash flows. We’re not talking about long-term EV strategy. We’re not talking about market position or the China Leapmotor joint venture. We’re only talking about how much will it cost the company to get rid of the U.S. inventory.” Stellantis does have a lot of new products expected in the next few years, and a highly flexible platform that can accommodate multiple powertrains — EVs, hybrids and old-fashioned gas-burning cars. That could help it weather an uncertain time in the auto industry when demand for EVs is rocky and unpredictable. But the next six to 12 months could also be quite rocky. Watch the video to learn more. In this article STLA-0.07 (-0.54%) WATCH LIVESTREAM Prefer to Listen? 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We picked out these 5 books that will change your outlook.Blinkist Magazine: Sponsored MORE FROM CNBC There’s a ‘hidden truth about American-style capitalism’ that investors need to know, Josh Brown saysAna Teresa Solá Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance CNBC on Peacock Join the CNBC Panel Supply Chain Values Select Shopping Closed Captioning Digital Products News Releases Internships Corrections About CNBC Ad Choices Site Map Podcasts Careers Help Contact News TipsGot a confidential news tip? We want to hear from you. Get In Touch CNBC NewslettersSign up for free newsletters and get more CNBC delivered to your inbox Sign Up NowGet this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us Privacy Policy CA Notice Terms of Service © 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. 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To: Johnny Canuck who wrote (60340)

10/10/2024 11:59:58 AM

From: Johnny Canuck

Morgan Stanley just met with Nvidia’s CEO and came away even more confident in their top pick

Published Thu, Oct 10 2024•11:33 AM EDT

Pia Singh @in/piasingh72/ @pia_singh_

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Nvidia remains at the forefront of AI innovation, with new opportunities to gain market share, Morgan Stanley said. Analyst Joseph Moore reiterated his overweight rating on the chipmaker and said meetings with Nvidia’s CEO and other management reinforced the firm’s view that it is the top pick in semiconductors. Morgan Stanley hosted the company for a three-day non-deal road show this week. “We remain very bullish longer term, but would concede given the rally that shorter-term upside from here raises the bar on earnings somewhat,” Moore said in a Thursday note to clients. His $150 price target implies about 13.1% potential upside for the stock, which has skyrocketed nearly 167% this year. “This is still an exceptional situation, with AI the most important trend in technology, and NVIDIA unquestionably the biggest beneficiary of those investments,” he said. Long-term confidence in Nvidia’s growth remains high, the analyst said. Management highlighted opportunities in evolving generative AI inference that will scale exponentially involving “long thinking” — or inference interactions that require substantially more computation. Moore explained that these tasks will require a “much richer mix of hardware” that will provide Nvidia with a new avenue for growth. “NVIDIA’s upcoming rack scale products as an optimal solution,” Moore said. “The longer term vision is that deep thinking will allow every company in the world to hire large numbers of ‘digital AI employees’ that can execute challenging tasks.” According to Moore, Nvidia’s Blackwell systems NVL36/72 are the optimal solution for those challenges, as he believes they provide a more capable processor to the AI markets, with the GB200 systems potentially being the most important innovation as they have a “full rack” approach. Under that approach, Nvidia enables 36 or 72 GPU racks to simultaneously communicate with other graphic processing units, enhancing the ability to treat the entire rack as one massive system. “Our view continues to be that NVIDIA is likely to actually gain share of AI processors in 2025, as the biggest users of custom silicon are seeing very steep ramps with NVIDIA solutions next year,” Moore said. The analyst is also confident that the Blackwell rollout is on schedule, with orders booked out roughly 12 months, which also drives strong-short term demand for Nvidia’s Hopper GPU architecture. “In the shorter term, the Blackwell ramp appears to be quite strong, with no major changes to the roadmaps and every indication that business remains robust with very high forward visibility,” Moore said. NVDA YTD mountain Nvidia stock this year. To be sure, even as Morgan Stanley doubles down on its Nvidia bull case, the company’s near-term growth story has some skeptics. Citi analyst Atif Malik maintained his buy rating on the artificial intelligence darling, but said he’s expecting Nvidia’s margins to bottom out early next year as its Blackwell platform will take time to fully ramp up. The stock will likely remain range bound, he said. Some analysts, including Fairlead Strategies’ Katie Stockton, also want to see Nvidia surpass its intraday high around $140 before adding new exposure. Shares closed down slightly on Wednesday at $132.65, just short of the stock’s closing high of $135.58 met in June.

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