The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.
Category: Science / Technology
2 Ways NVIDIA Is Beating the Competition
The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.
Qualcomm’s Lucrative Licensing Model Jeopardized by FTC Scrutiny
Qualcomm Inc. built itself into the world’s biggest and most profitable smartphone chipmaker by using a simple formula: selling billions of dollars worth of semiconductors while raking in fat profits from licensing fees tied to the underlying technology. That lucrative model is under siege on a growing number of fronts — most recently this week when the U.S. Federal Trade Commission accused Qualcomm of using its dual businesses to thwart competition in the $100 billion market for phone chips.
What Happened in the Stock Market Today
Financial stocks gained ground thanks to improving earnings results from some of the world’s biggest investment banks, and that lifted the Financial Sector Select SPDR ETF higher by 1%. On the other hand, slipping gold prices produced a 5% decline for the Direxion Daily Gold Miners Bull 3X ETF Target shares fell 6% after the retailer posted an update on its latest business trends showing that revenue over the key holiday period dropped 4.9%.
Qualcomm sued in US over claims of unfair phone chip patent deals
Qualcomm, the world’s biggest producer of mobile phone chips, forced Apple to exclusively use its products in return for lower fees, US regulators claim. Details of the alleged deal were listed by the competition watchdog, the Federal Trade Commission, as part of a lawsuit against the chipmaker.
Salesforce.com CEO Marc Benioff : ‘Expect Us to Look at Anything That’s Exciting’
Salesforce.com hopes to double its annual revenue, despite already being the fastest growing enterprise software company of all time. Cloud computing company Salesforce.com spent about $5 billion on acquisitions in the past year and it will continue to look at any “exciting” opportunities out there, CEO Marc Benioff said on CNBC’s “Squawk Box” on Tuesday morning.
Kate Hudson Defends Fabletics: You Cana t Please Everyone
Activewear brand and online subscription retailer Fabletics was founded in 2013 by Golden Globe winner Kate Hudson under the $1 billion e-commerce ‘unicorn’ JustFab. Customers shop online, or in store, and can sign up for a unique VIP membership.
SpaceX launches first rocket since explosion in Florida
A SpaceX Falcon 9 rocket blasted off from California on Saturday and placed a constellation of satellites in orbit, marking the company’s first launch since a fireball engulfed a similar rocket on a Florida launch pad more than four months ago. The two-stage rocket lifted off from Vandenberg Air Force Base at 9:54 a.m. carrying a payload for Iridium Communications Inc., which is replacing its entire global network with 70 next-generation satellites.
Will Robots Usher In A Utopia Or Dystopia?
Peter Frase’s new book imagines multiple scenarios and lays out some touch choices we’re going to have to make. Will our future of robots and autonomous cars turn out to be a dystopia or a utopia? That’s the question that author Peter Frase grapples with in his new book, Four Futures: Life After Capitalism .
Dairy farmers replace ‘way too cute’ cartoon cow in logo redesign
The Dairy Farmers of Canada’s former symbol for Canadian-only milk products has been around for decades. The new look is meant to be less cute and more professional.
Week in Review: Nasdaq Brushes Aside Trump-Triggered Selloff in Biotech
The Nasdaq ended the week with a record close in four out of five trading days, even when under assault by a selloff in biotech stocks. Despite an assault by a selloff in biotech stocks, the Nasdaq ended the week with a record close in four out of five trading days.
Walmart C-Suite Takes Another Hit as Uphill Battle with Amazon Rages On
Walmart Stores will reportedly promote several executives from its recently acquired Jet.com e-commerce business, as it continues a push to bolster its e-commerce offerings and compete with Amazon.com . According to an internal memo first obtained by Bloomberg, Walmart’s e-commerce CEO, Jet’s Marc Lore , announced that Jet’s chief revenue officer, Scott Hilton, will become the chief revenue officer for all of Walmart’s e-commerce operations.
Intel Corporation’s Optane Cache for PCs Sounds Cool If It Works
With the launch came new chips from Intel as well as new motherboards using the company’s new Z200-series motherboard chipsets . The main new feature that came with the Z270 chipset is support for the company’s new Optane memory technology.
Amazon’s Commitment to 100,000 New U.S. Jobs Highlights Its Relentless Growth Ambitions
While one big storyline out of this could be how the move puts the company in alignment with President-elect Donald Trump’s outspoken priority to create jobs in the U.S., there’s another narrative the announcement highlights — one that investors will appreciate: The big hiring spree reflects the aggressive growth the company believes it still has ahead of it. A quick overview of Amazon’s announcement about its expected job creation in the U.S. over the next 18 months highlights a fast-growing company without any plans to slow down.
Traditional Retailers Are Doing Even Worse Than You Think
It was a rough 2016 holiday season for brick-and-mortar retailers. Department store shares got thumped last week after Macy’s both lowered their full-year earnings guidance and said their comparable-stores sales dropped.
The Personal Computer Market Plunged 5.7% in 2016
Market research company IDC announced on Jan. 11 that the category of products that it refers to as “traditional [personal computers]” dropped 1.5% year over year during the fourth quarter of 2016 and by 5.7% over the course of the entirety of 2016. IDC said that the first quarter of 2016 was “still constrained by high inventory, free Windows 10 upgrades, and difficult comparisons to commercial replacements in 2014 that were fueled by the end of support for Windows XP.”
Why Mobileye Considers Itself a Leader in Autonomous Driving
In an interview, a Mobileye executive discusses his company’s autonomous driving alliances and what makes its processors and software unique. With autonomous cars all the rage at CES 2017, it wasn’t hard to find test vehicles using Mobileye’s technology.
Trump’s Remarks Show Why Pharma Sector Is ‘Barely Investable’: More Squawk From Jim Cramer
TheStreet’s Jim Cramer weighs in on Donald Trump’s comments regarding biotech and pharmaceuticals during his first press conference since the election. In his first press conference since being elected to the position, incoming President Donald Trump targeted the biotech and pharmaceutical sector.
Mobileye Outlines Why It Considers Itself an Autonomous Driving Leader
BMW, which announced at CES it plans to deploy 40 autonomous test cars in 2017 that feature Mobileye and Intel I talked with Mobileye Chief Communications Officer Dan Galves about how his company, the biggest supplier of vision processors for driver-assistance systems, is positioned in the budding autonomous driving hardware market. And what the company considers its main strengths relative to the competition.
How 8×8, Inc. Gained 27% in 2016
The provider of internet-based voice and communications services put together a remarkable financial record last year. 8X8 beat Wall Street’s earnings and sales estimates handily in each one of the year’s quarterly reports,citing strong organic revenue growth among larger customers along the way.
Wall Street’s Most Famous Quants Fed Up With JPMorgan Soothsayer
Or anybody else who tells you quant managers regularly whip up bouts of pain and suffering for stock investors. Funds with programs that follow trends and sell like robots are getting smaller and simply aren’t big enough to overwhelm the $24 trillion U.S. equity market.
Tesla’s Autopilot Head Said to Depart as Apple Engineer Hired
Sterling Anderson, Tesla Motor Inc.’s director of autopilot programs since November 2015, has left the Palo Alto, California-based maker of electric cars, according to a person familiar with the matter. Tesla announced Tuesday that it hired Chris Lattner as its vice president of autopilot software.
When Will Shopify Be Profitable?
This success has seen Shopify to grow its monthly subscription revenue at a . During this period of tremendous growth Shopify has not reported a profit, ever.
Jack Ma Bets $2.6 Billion He Can Revamp China Retail Sector
Alibaba Group Holding Ltd. pioneered shopping on the internet in China. Now it thinks it can teach old-school retailers a thing or two about real-world commerce.
Biden’s Cancer Moonshot Draws on Aussie Nobel-Winning Expertise
U.S. Vice President Joe Biden arrived in Melbourne last July with his granddaughters in tow. Bypassing sporting stadiums and race-car tracks, Biden’s first official stop in the world’s sporting capital was to open a A$1 billion cancer center.
Intel Joule shipments blocked in key countries, pending certification
If you can’t find Intel’s Joule developer boards in your country, it’s because shipments have been held up. Intel’s Joule 570x and 550x are powerful computer boards that can be built as a PC, or be used to build robots, drones, or smart devices.
Just How Far-fetched Is Alibaba’s Goal to Create One Million Jobs in the U.S.?
U.S. Chamber of Commerce estimates that trade with China already supports over 40 million jobs in the United States. Can Alibaba tack on another million? During a 40-minute meeting with President-elect Donald Trump at Trump Tower on Monday, Alibaba founder and executive chairman Jack Ma pledged to create one million jobs in the U.S. by helping small businesses sell products and services to China.
Alibaba Looks to Add Chinese Retailer Intime for $2.6 Billion
The move will help the Chinese e-commerce giant continue to blur the lines between its online and in-person locations. China’s biggest e-commerce retailer, Alibaba , said Monday it is teaming up with Shen Guojun, the founder of Chinese retailer Intime, to acquire the latter company for about HK$19.8 billion .
Macy’s Refocuses Online, but Faces a Big Deficit in the E-Commerce Race
The iconic, department store chain has announced that it will invest more of its resources on e-commerce and shut more of its physical locations. Ailing department store Macy’s , once a pillar of nearly every U.S. shopping mall, announced a restructuring plan that will revolve around refocusing more of its resources on e-commerce.
Why Apple Inc. Should Update the MacBook Pro Lineup in the Spring
Both the 13-inch and 15-inch variants saw significant overhauls, including new track pads, faster processors, brighter and more colorful displays, and even the inclusion of a new touch bar on higher end 13-inch and all 15-inch models. The machines represented nice steps forward for the MacBook Pro lineup, which hadn’t seen substantial updates for quite some time.
Alibaba’s Ma Meets With Trump to Talk About Creating Jobs
Alibaba Group Holding Ltd. Chairman Jack Ma met with Donald Trump on Monday to discuss how the online retailer could help create 1 million new U.S. jobs, keying in on one of the president-elect’s chief concerns amid fraught relations between China and the incoming administration. The Chinese e-commerce giant said the positions would be generated through Alibaba adding 1 million small and medium-sized U.S. businesses to its platforms, estimating that each one will hire a new person as a result of the added commerce.
Secretive Biotech Unicorn Moderna Unveils Pipeline, Financials
Moderna Therapeutics Inc., one of the best-funded private biotechnology companies in the U.S., unveiled its long-secret research and development pipeline on Monday, including experimental vaccines, cancer treatments and a cardiovascular therapy. The Cambridge, Massachusetts-based startup has about $1.3 billion in cash on hand from investors, pharmaceutical partners and government grants, according to a presentation Monday at the J.P.Morgan Chase & Co.
How Shopify Could Become Profitable by the End of 2017
The company has beenpublicly traded for about two years, and while its growth rates have been truly impressive, its losses have continued to grow. How much longer will investors have to wait to see some earnings benefit from all of that growth? According to management in the most recent earnings callon Nov. 2., it could be as early as the end of 2017.
Intel Corporation PC Chief Talks Manufacturing Strategy
These chips, as would be expected, deliver improved performance and power efficiency relative to the company’s sixth-generation Core processor family. What is interesting about these chips is that they represent a third wave of products manufactured in the company’s 14-nanometer manufacturing technology, which was first used to build the company’s fifth-generation Core processors.
IBM Is Betting Its Future on AI
Since Ginni Rometty started as CEO in January of 2012, IBM has had 18 consecutive quarters of year-over-year declining revenue– essentially every quarter of her tenure. The stock has lost nearly 10% compared with a gain of 78% for the S&P 500 over the last five years.
CES 2017 has all the essentials: faster wi-fi, secure “smart” appliances and fishing drones
The annual Consumer Electronics Show is one of those geek events where you want to toss aside reality and focus on the gee-whiz of what has been dreamt up and built. I’ve seen an unexpected gamut of “smart” objects: smart tea , smart breast pump and even a smart hair brush .
Boxing clever
Toys from China, copper from Chile, T-shirts from Bangladesh, wine from New Zealand, coffee from Ethiopia, and tomatoes from Spain. In the early 1960s, world trade in merchandise was less than 20% of world economic output, or gross domestic product .
A look back at the iPhonea s first decade
“Today Apple is going to reinvent the phone,” Steve Jobs tells the crowd at Macworld on Jan. 9, 2007, “and here it is.’ ‘ And it was off to the races for the humble iPhone that he pulled out to show the audience.
Apple Bosses See Pay Drop in 2016 as CEO Reaps $145 Million
Apple Inc.’s top executives saw their compensation fall last year while Chief Executive Officer Tim Cook had his biggest payout yet from his record 2011 award. Cook’s five top lieutenants received about $22.8 million each for 2016, according to a proxy statement filed Friday.
Apple Bosses See Pay Drop in 2016 as CEO Reaps $145 Million
Apple Inc.’s top executives saw their compensation fall last year while Chief Executive Officer Tim Cook had his biggest payout yet from his record 2011 award. Cook’s five top lieutenants received about $22.8 million each for 2016, according to a proxy statement filed Friday.