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: Startups
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.
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In other words, it signaled to investors that it was ready to get more serious about trying to make money from building chips for other chip design houses. Over the past several years, some companies have announced manufacturing deals with Intel’s contract chip manufacturing division, called Intel Custom Foundry .
Why CSX, Oclaro, and Check Point Software Technologies Jumped Today
Thursday brought modest losses to the stock market, as the Dow dropped 72 points and other major market benchmarks fell between a quarter-percent and a third of a percent. Strong economic data suggested that the U.S. economy continues to fire on all cylinders, but that led to higher bond yields and fears that tightening monetary policy from the Federal Reserve could pose threats to growth during the rest of the year.
Google Maps wants to make your inauguration weekend in D.C. a little less crazy
Bridge and road closures have already started in Washington. To help with the potential chaos, Google Maps is reworking its D.C.-area guides this week to reflect all of the madness — and, one could hope, Road closures: Google is actively updating its maps in the D.C. area to reflect those many bridge and road closures that are sure to gum up the flow of traffic this weekend.
Sigh of Relief for Self-Driving Cars as Tesla Cleared in Probe
The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The U.S. National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the side of a truck in May had ignored the manufacturer’s warnings to maintain control even while using the driver-assist function.
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.
Netflix Adding $4.7 Billion To Market Cap As Stock Soars Toward Record High
Shares of Netflix Inc. soared 8.2% toward a record high in premarket trade Thursday, in the wake of a strong fourth-quarter report , which would add about $4.66 billion to video streaming company’s market value. Based on Wednesday’s closing prices, that would push Netflix up eight spots in the S&P 500’s market-cap rankings to 78th, according to FactSet data.
Apple, Microsoft Biggest Winners if Trump Grants $500 Billion Tax Holiday
Donald Trump’s presidency could result in a more than $500 billion windfall for Fortune 500 companies should he get his way on tax reform. Fortune 500 companies could reap a more than $500 billion windfall if President Donald Trump gets his way on tax reform.
Facebook Pushes Back as Germany Weighs Fines for Malicious Posts
Facebook Inc. defended itself against criticism in Germany that it’s not doing enough to combat hate speech and fake news, telling Chancellor Angela Merkel’s party lawmakers that ridding its platform of such content is highly complex. The social media giant takes its responsibility to fight hate speech and fake news “very seriously,” but countermeasures shouldn’t be applied with a broad brush, because that might have an undesirable impact on free speech, said Eva-Maria Kirschsieper, Facebook’s chief lobbyist in Germany, at a conference Wednesday organized by Merkel’s Christian Democrat-led caucus in Berlin.
Is This Apple Inc. iPhone 8 Rumor True?
On Twitter , user Arkthub sent me a link to a forum post containing an interesting rumor about a key component inside of Apple ‘s 2017 smartphone lineup. The forum post, which appears to have originally shown up on website TheLayoff.com , essentially says the following: upcoming XMM 7480 cellular modem in the next-generation iPhone for several reasons, which essentially boil down to the fact that the 7480 is technologically inferior to competing solutions.
Netflix Gets Seinfeld’s ‘Comedian in Cars’ Series, Not That There’s Anything Wrong With That
The streaming media giant announces a deal for Jerry Seinfeld’s popular online show, which had previously aired on Sony’s Crackle, just prior to reporting fourth-quarter earnings. Netflix this week said the popular comedian’s hit online show, Comedians in Cars Getting Coffee , which had run on Sony ‘s digital video platform Crackle since 2012, will be coming to the world’s largest subscription streaming service in late 2017.
ASML Stock Hits All-Time High After 4Q Earnings Beat, Robust Order Book
A SML Holding NV shares surged Wednesday after the Samsung Electronics and Intel chip supplier reported better-than-expected fourth-quarter sales and profit. Veldhoven, Netherlands-based ASML said sales hit a 1.9 billion for the three months ending in December, translating into net income of a 524 million and earnings per share of a 1.23.
3 Questions for Intel Corporation on January 26
Although the company is planning to host its financial analyst day shortly thereafter, on February 9, during which the company will go into deeper dives into each of its business units, there are still several questions I’d like to hear answered during the company’s upcoming earnings call. Here are three.
Real estate markets across Miami-Dade County steady
Brexit and the US elections were among factors that made 2016 a stable and steady – but not record-breaking – year in real estate markets across Miami-Dade County, observers say. “It was a relatively slow year,” with some companies waiting until year’s end to make major decisions, said Marc Miller, research manager for JLL.
How This Apple Inc. Supplier Created Hundreds of Thousands of Jobs in the United States
TSMC is believed to be the sole manufacturer of the Apple-designed A10 applications processor that powers the iPhone 7 and iPhone 7 Plus, and it also builds chips for many chips that Apple procured from third-party suppliers, to boot. My first question is regarding the advisory reports to the U.S. President this Friday, because in a report, the U.S. seems want to ensure their semiconductor leadership, especially in the leading-edge, so what will be TSMC’s strategy to beating this policy direction and ensure your own leadership? Thanks.
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.
Foxconn Billionaire Said to Assuage China About U.S. Plans
Foxconn Technology Group Chairman Terry Gou has moved to reassure China’s government the Apple Inc. assembler remains committed to the country even as it expands U.S. operations when President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns to Gou, the people said, asking not to be identified because the conversation was private.
Where Will Qualcomm Inc. Be in 10 Years?
But the next decade could be tougher for Qualcomm, which faces stiff competition in mobile chips and regulatory pressure to lower its royalty rates. Let’s take a closer look at how Qualcomm is addressing these challenges with new strategies, and where they might take the chipmaker over the next 10 years.
‘Carpool Karaoke’ will be the company’s first venture into original television content.
Jimmy Iovine says there will be no limitations on Apple Music. “We want to hit popular culture in the nose.”
Mark Zuckerberg’s first stop on his tour of the US is Dallas,…
The billionaire Facebook CEO helped plant fruits and vegetables in a community garden in the Oak Cliff neighborhood of Dallas on Martin Luther King Jr. Day, according to his Facebook page . He also met with computer science students from a local public high school.
Facebook to Test Fake News Filtering in Germany
The social media giant has announced a series of measure to curb online disinformation ahead of Germany’s national election later this year. Facebook on Sunday announced it will take measures to identify and reduced the distribution of fake news on its platform in Germany.
Facebook will test ‘fake news’ filtering in Germany
Facebook users will soon be able to flag news stories as fake and the social network may subsequently label the stories as “disputed” in a test of fake news filtering tools starting soon in Germany. The test will send user-flagged stories to Correctiv, a third-party fact checker.
New LG smartwatches may be nearly ready to launch
Last week we reported on an LG smartwatch passing through the USA’s comms regulator – and now two more have followed suit. On Friday, we wrote about a mystery device with the model number W280 becoming certified by the Federal Communications Commission .
What’s Hot and What’s Not From CES 2017
The huge annual tech show in Las Vegas known as CES is now history . . . and it’s time to start breaking down the winners and losers.
Wells Fargo Plans to Close More Than 400 Branches Through 2018
Wells Fargo & Co. plans to close more than 400 branches in the next two years as the lender seeks to trim about $2 billion in costs by the end of 2018, Chief Financial Officer John Shrewsberry said.
How Symantec, FireEye, Cisco and Others Could Fit into Trump’s Cybersecurity Plan
As new Trump adviser Rudy Giuliani puts together a cyber security plan for the incoming administration, he has made it clear that the private sector will be part of the strategy. Companies like Symantec , FireEye , Cisco , Proofpoint , Splunk and BlackBerry could all play a larger role in the nation’s defenses.
Why Portola Pharmaceuticals Crashed 56.4% In 2016
After releasing disappointing phase 3 data early last year and receiving a FDA rejection in August, shares of Portola Pharmaceuticals Portola Pharmaceuticals’ most advanced drugs in development are the factor Xa anticoagulant betrixaban and the factor Xa reversal agent AndexXa. In March, management reported betrixaban phase 3 trial data that left investors questioning the drug’s future.
Facebook Is Already Flirting With Censorship
Censorship is almost always a touchy subject, but it’s also par for the course in certain parts of the world. Just as Facebook is now coming to grips with its own power and responsibility over what information people see, it seems that the company is starting to flirt a little bit with censorship.
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.
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.”
An Infrastructure ETF Set to Benefit Under Trump Administration
Each week, ETF Trends publisher Tom Lydon sits down for “ETF of the Week” for MarketWatch on Chuck Jaffe’s MoneyLife Show where he highlights big movers and losers among exchange traded funds. This week, Lydon looked at the Legg Mason Global Infrastructure ETF .
The 3 Biggest Challenges Facing Apple
The iPhone, which accounts for the bulk of Apple’s revenue and profits, has suffered from slumping sales for multiple quarters, with the launch of the iPhone 7 unable to reverse that trend. Sales of iPads and Macs also tumbled during Apple’s third quarter, leading to a 9% year-over-year decline in total revenue.
Blackstone Said to Vie With Warburg, Chinese Group for GLP
Blackstone Group LP is considering an offer for Global Logistic Properties Ltd., potentially pitting it against Warburg Pincus and a separate Chinese group in the bidding for the $8.6 billion warehouse operator, people with knowledge of the matter said. Warburg Pincus is forming a consortium to bid for the Singapore-based company and has been speaking with banks and potential bidding partners, according to the people.
Why Workday Inc. Stock Popped Today
Workday also noted it isn’t updating its latest financial guidance, which incidentally caused Workday stock to plunge last month as the company warned a few larger deals with multinational customers had been delayed. More specifically, Workday told investors to expect fiscal fourth quarter to be in the range of $427 million to $430 million.
Facebook is working on a way to read brain waves that could…
Facebook is working on a way to read brain waves that could let your send your thoughts to people Mark Zuckerberg’s dream of gadgets that let humans read each other’s thoughts and communicate with brain waves may be moving closer to reality. A secretive new research division that Facebook created last year is developing “brain-computer interface” technology that sounds a lot like the telepathy of science fiction movies.
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.
Intel Corporation Executive Wants to Rename Its Next Big Manufacturing Jump
Near the end of his presentation, Shenoy talked about Intel’s chip manufacturing strategy, exuding confidence that the company’s manufacturing technology is the ” best in the world .”
Apple, Inc. Continues to Slip in China
Kantar has released its most recent estimates on numerous smartphone markets around the world, covering the three months ending November 2016 before the holiday shopping season picked up steam. Well, the news is mixed.
Facebook Launches ‘Journalism Project’ to Help Address Fake News Problem
The social network has launched a new initiative intended to foster deeper relationships with media organizations and promote news literacy. Facebook on Wednesday announced the Journalism Project, a new effort that aims to create a healthier “news ecosystem” on the social media site by forming closer ties with media organizations.