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Nvidia
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https://www.cnbc.com/2025/09/30/how-schneider-electric-is-fueling-nvidia-infrastructure-growth.html?&qsearchterm=Nvidia
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How this $130 billion energy management company is fueling Nvidia’s infrastructure growth
| 2025-09-30T00:00:00 |
Then last month, Schneider announced new, highly technical and detailed data center blueprints, developed with Nvidia, that the company says will significantly accelerate construction timelines as well as help operators adopt AI-ready infrastructure.
Schneider announced in June it would collaborate with Nvidia to serve the growing demand for sustainable, AI-ready infrastructure. This was a research and development partnership for power, cooling, controlling and high-density rack systems to enable the next generation of AI factories across Europe and eventually beyond.
It's the largest energy management provider for data centers, which represent about a quarter of its business, and it's working with chipmaker and Wall Street powerhouse Nvidia.
Despite its name, Schneider Electric does not generate electricity. It is an energy management company, mixing electrification and digitization together so customers know exactly where their energy is consumed and can optimize their energy usage in real time.
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
The first part of that is integrated power management and liquid cooling control systems. The second is a framework for the development of Nvidia's new Blackwell chips.
"We make sure, at every generation they come out with, that the solution we put together will minimize the consumption of energy to power their installations," said Jean-Pascal Tricoire, chairman of Schneider Electric. "Those chips, which are powering AI or enabling AI, are chips which are consuming a lot of energy, and you need to cool them directly on the chip by bringing liquid directly on the chip."
The partnership could prove extremely lucrative, especially given Nvidia's recent $100 billion investment in OpenAI. More data centers will mean more demand not just for energy but energy management.
"We are entering a new era of accelerated computing, where integrated intelligence across power, cooling and operations will redefine data center architectures," said Scott Wallace, director of data center engineering at Nvidia, in a release about the new Schneider designs.
In something of a positive feedback loop, AI is helping to increase energy efficiency, even as it sucks up more energy. This is not just in data centers, but in all of the built environment.
"To make it very simple, AI can help gain in efficiency four times more than it consumes, at least four to nine times more," said Tricoire.
Power consumption was already being digitized, but it had been difficult to optimize this at scale.
"Today, for the first time, we've got computing engines that can integrate all the complexity of what you do, what I do, what this data center is doing, what the grid can power, what this power plant can produce, what this solar rooftop can do, in real time and make sure that we consume much better at the right time, the right sort of energy. So it's a revolution of digital energy," Tricoire explained.
The proliferation of energy sources, including solar, wind, geothermal and nuclear, creates a decentralized model of energy production. This is one of the biggest changes in the market.
"If your home is not consuming any more electricity, because you are autonomous with solar batteries, because you recharge your electric vehicle, then that means you have freed enough power to power a fraction of this data center which is close to you," Tricoire said. "All of us can become, in our enterprises, in our homes, in our daily life, in professional life, actors of this transition, which is more efficient and more sustainable."
Tricoire pointed to other geographies, like Europe, India and China, that are turning to electrification because of a lack of fossil fuels. For them, it is the only way to be more competitive. He said that will lead to further innovation in the sector and push American companies to follow suit — even despite political headwinds in the U.S. for renewable energy.
"Companies are very pragmatic. If a solution makes money, they will go for it, right? And if, on top of it, it's better for their footprint, they will go even faster," said Tricoire. "There is so much innovation taking place today, and the cost curves of new technologies are going down so fast, that companies are adopting new ways of doing things."
Tricoire has been with the company nearly 40 years and says he has never seen the type of dramatic and swift maturity and growth in energy technology that he's seeing right now.
"I think people are completely underestimating the revolution which will happen in the field of energy in the two decades to come," said Tricoire, adding that the combination of electrification technologies, plus digitization, augmented to a whole new level by AI, creates a number of possibilities that we've never seen before.
"And the great news is that it's not things that should be deployed in 10 years' time, 20 years' time. Those are technologies that should be or can be deployed today with a great economic return," Tricoire said.
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Nvidia
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https://www.cnbc.com/2025/09/30/nvidia-gets-a-price-target-hike-from-citi-on-ai-infrastructure-growth-openai-deal.html?&qsearchterm=Nvidia
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Nvidia gets a price target hike from Citi on AI infrastructure growth, OpenAI deal
| 2025-09-30T00:00:00 |
Nvidia is poised for further upside as it ramps up initiatives to improve artificial intelligence infrastructure, including new products and partnerships, according to Citi. The investment bank, which has a buy rating on shares, raised its price target for Nvidia to $210 from $200, implying 15.5% upside from Monday's close. "While we await further details on the recent $100B OpenAI investment, we walked away incrementally positive on the company's roadmap and competitive positioning post Rubin CPX GPU launch," Citi analyst Atif Malik said Tuesday in a note to clients. "We model Oct/Jan[1]Qs sales $54B/$62B and adjust CY26/27 estimates +1%/+10% to align with Citi's updated AI infrastructure spending forecast and view on financing flows." Nvidia earlier this month unveiled its Rubin CPX , a high-end graphics processing unit capable of handling generative video creation at high speeds. The product, which will support advancements in generative AI technologies, is slated to debut in late 2026. The chipmaker also recently announced it would invest up to $100 billion in OpenAI, with the goal of building massive data centers to support the growth of the AI industry — a boon to its customers. "NVIDIA's roadmap is not impacted by this partnership and no change in commitment towards ARM. NVIDIA is giving customers more options with x86," Malik wrote. The analyst also noted that GTC Washington, a three-day AI conference taking place in late October, could lift the stock. CEO Jensen Huang is slated to deliver the keynote address. Malik's revised price target falls slightly below the average $213.34 target on the Street, LSEG data shows. NVDA YTD mountain NVDA year to date Nvidia shares were trading flat before the bell on Tuesday. The company's stock is up roughly 7% over the past month and 35% year to date. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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Nvidia
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https://www.cnbc.com/2025/09/30/nvidias-market-cap-tops-4point5-trillion-on-ai-infrastructure-deals.html?&qsearchterm=Nvidia
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Nvidia's market cap tops $4.5 trillion after string of AI infrastructure deals
| 2025-09-30T00:00:00 |
Nvidia shares reached a fresh record on Tuesday, climbing almost 3% and lifting the chipmaker's market cap past $4.5 trillion.
The stock is now up about 39% for the year, and continues to attract investors as Nvidia steps up its pace of deal-making, cementing its position at the center of the artificial intelligence boom.
OpenAI said last week that Nvidia would take an equity stake worth up to $100 billion in the AI startup, and would build hundreds of billions of dollars worth of data centers filled with Nvidia graphics processing units. OpenAI then announced five massive new data centers with Oracle that are expected to be filled with hundreds of thousands of GPUs. The whole "Stargate" project will cost $500 billion, the companies said.
Nvidia CEO Jensen Huang says Nvidia's products comprise about 70% of the spending on a new AI data center.
Analysts at Citi on Tuesday raised their price target on Nvidia from $200 to $210, citing an increased forecast for AI infrastructure spending after the OpenAI announcements.
"We believe OpenAI came to Nvidia asking for help as Nvidia has a very compelling product, and as the number of users and compute being consumed per user basis is growing," Citi analyst Atif Malik wrote in the note.
OpenAI is far from alone, as Meta , Google and others are also dramatically ramping up their infrastructure spending.
CoreWeave , a cloud provider that includes Nvidia as a large shareholder, said Tuesday it had reached a deal to supply Meta with $14.2 billion in AI infrastructure services.
Nvidia's stock is outperforming all of its megacap peers so far this year except for chipmaker Broadcom , which is up about 40%, similarly boosted by OpenAI.
WATCH: Worried about an AI bubble? Trader says she prefers hard assets, especially silver
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Nvidia
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https://www.cnbc.com/video/2025/09/30/nvidia-crosses-4-point-5-trillion-market-cap-how-to-trade-it-now.html?&qsearchterm=Nvidia
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How to trade Nvidia as it crosses $4.5 trillion market cap
| 2025-09-30T00:00:00 |
In this video
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How to trade Nvidia as it crosses $4.5 trillion market cap
CNBC’s “Halftime Report” team discusses Nvidia's historic market cap and how to trade the stock.
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Nvidia
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https://www.cnbc.com/video/2025/09/30/cerebras-ceo-heres-why-our-chips-are-a-more-efficient-alternative-to-nvidia.html?&qsearchterm=Nvidia
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Cerebras CEO: Here's why our chips are a more efficient alternative to Nvidia
| 2025-09-30T00:00:00 |
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Cerebras CEO: Here's why our chips are a more efficient alternative to Nvidia
Andrew Feldman, Cerebras Systems founder and CEO, joins CNBC's 'Squawk on the Street' to discuss how chipmaker is taking on Nvidia, growth expectations, and much more.
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Nvidia
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https://www.cnbc.com/2025/09/29/broadcom-nvidia-among-the-stocks-showing-notable-insider-sales.html?&qsearchterm=Nvidia
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Broadcom, Nvidia among the stocks showing notable insider sales
| 2025-09-29T00:00:00 |
Several technology giants have seen insider sales over the past week as the tech-heavy NASDAQ Composite continues to hover within striking distance of its record high. Insiders at companies including Broadcom , Nvidia and Strategy offloaded millions of dollars worth of shares this month, according to a raft of disclosures filed with the U.S. Securities Exchange Commission. Here's what executives sold (percentages as of Friday's close): Broadcom (AVGO) CEO Hock Tan sold 100,000 shares at an average price of $339.58 for a total of $34 million. Shares are up 28% over the prior three months. Ross Stores (ROST) CEO James Grant Conroy sold 39,400 shares at an average price of $146.00 for a total of $5.7 million. Shares are up 17% over the prior three months. Gap Inc (GAP) Director Robert Fisher sold 500,000 shares at an average price of $22.90 for a total of $11.4 million. Shares are up 7% over three months. Oklo (OKLO) Director Michael Stuart Klein sold 50,000 shares at an average share price of $133.76 for a total of $6.7 million. Shares are up 150% over the prior three months. Nvidia (NVDA) Director Mark Stevens sold 350,000 shares at an average price of $176.39 for a total of $61.7 million. Shares are up 23% over the prior three months. Director Harvey Jones also sold 250,000 shares at an average price of $176.21 for a total of $44.1 million. Shares are up 21% over the prior three months. Strategy (MSTR) EVP & General Counsel Wei-Ming Shao sold 10,000 shares at an average price of $355.79 for a total of $3.6 million. Transaction included exercising options that expire in 2032. Shares are down 5% over the prior three months. Ciena (CIEN) Director Bruce Claflin sold 8,500 shares at an average price of $140.12 for a total of $1.2 million. Shares are up 74% over the prior three months. AutoZone (AZO) VP John Scott Murphy sold 2,900 shares at an average price of $4,180 for a total of $11.9 million. Transaction included exercising options that expire in 2026 and 2027. Shares are up around 20% over the prior three months.
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Nvidia
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https://www.cnbc.com/2025/10/01/wednesday-stocks-from-analyst-calls-like-nvidia.html?&qsearchterm=Nvidia
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Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Delta, Carvana, Coinbase and more
| 2025-10-01T00:00:00 |
Here are Wednesday's biggest calls on Wall Street: Seaport initiates Apple as buy Seaport said Apple products leave the company well positioned for the long haul. "We expect Apple t o have a good year on this year's product line-up, with Apple Air trending well and boding a stronger future for further price increases as an affordable phone (maybe) comes out next year." Wells Fargo initiates Snowflake as overweight Wells Fargo said it sees a slew of catalysts ahead for the stock. "We see a favorable tactical setup for NOW shares into 4Q given a number of key catalysts, most notably potential for 3Q upside driven by US Public Sector & 4Q's signif renewal cohort. Remain constructive into year-end, esp w/ shares ~30x '27 EV/FCF." Bank of America reiterates Nike as buy Bank of America said the turnaround is "underway" following Nike earnings on Tuesday. "We reiterate our Buy rating; better than expected wholesale sales gives us increased confidence that the turnaround is well underway." JPMorgan reiterates Apple as overweight The firm said its survey checks show consumers willing to participate in Apple's upgrade cycle. "Series, with key takeaways including: 1) A strong and robust cycle for the iPhone 17 Series relative to the iPhone 16 Series, led by upgraders, while interest from switchers is modestly softer compared to the prior year, even as; 2) Both upgraders and switchers are showing a higher preference for high-end models compared to the prior year." Jefferies upgrades Delta to buy from hold Jefferies said the airline is "compelling." "We upgrade DAL to Buy alongside Buy-rated UAL, viewing the pair as carrying the highest upside to Q4 guides & most compelling margin theses through 2026 and beyond." Jefferies upgrades Sunrun to buy from hold Jefferies said in its upgrade o f Sunrun that it is well positioned heading into 2026. "We U/G to Buy with a refreshed PT of $21 ahead of 2025 cash generation expected within guidance range and likely even more cash gen in 2026 as safe harbor expenses roll off." Wells Fargo adds CrowdStrike to the tactical ideas list Wells Fargo raised its price target to $600 per share from $550. "We believe CrowdStrike's momentum continues to build, as the company is finally back on offense. With the most advanced security platform in the industry, we believe growth is set to accelerate and reiterate an OW rating and raise our PT to $600." Jefferies upgrades Carvana to buy from hold Jefferies said it sees "elevated growth" for Carvana. "The results of our consumer survey, proprietary web scape, and capacity analysis all support CVNA continuing to deliver elevated growth and upside to consensus." RBC upgrades Mercury Systems to outperform from sector perform RBC said the company is "well positioned as a merchant supplier of defense mission-critical processing systems." "We upgrade shares of Mercury Systems (MRCY) to Outperform from Sector Perform." Barclays downgrades AT & T to equal weight from overweight Barclays downgraded the stock mainly on valuation. "Downgrade AT & T to EW with valuation now more reflective of operational improvement." HSBC upgrades Autodesk to buy from neutral HSBC said the software company is well positioned for artificial intelligence. "We think that Autodesk is strategically well placed to benefit from AI." Evercore ISI downgrades Allstate to in line from outperform Evercore ISI downgraded the insurer on valuation. "We downgrade ALL t o In Line from Outperform as the risk reward is more balanced after a solid run YTD." Goldman Sachs initiates Glaukos as buy Goldman Sachs said in its initiation of Glaukos that the ophthalmology company is well positioned. "Ophthalmology represents one of the largest global market opportunities in MedTech, with our expanded coverage having an aggregate > $60 billion exposure to this in the following key areas: (1) Soft Contact Lenses and Consumer Products; (2) Surgical (for both glaucoma and cataract procedures); and (3) Ophthalmic Pharmaceuticals." Baird upgrades United Rentals to outperform from neutral Baird said it sees "industry stabilization" for the equipment rental company. "Fo r URI, our primary focus remains on the trajectory of growth/earnings; growth reacceleration in 2026 is likely to drive shares higher, despite a higher current valuation relative to historical levels." HSBC initiates Repligen as buy HSBC said the health-care company has "portfolio breadth." "Repligen offers pureplay exposure to bioprocessing, one of the highest growth areas in the sector." Goldman Sachs upgrades Beta Bionics to buy from neutral Goldman Sachs said it is bullish on the medtech company. "Upgrade Beta Bionics (BBNX) from Neutral to Buy." TD Cowen initiates Macom Technology Solutions as buy TD Cowen said it is bullish on the semis company. "We see MACOM benefiting from secular growth drivers across its three end markets as the company delivers the highest RF power, highest frequency, and highest data rates for its customers." TD Cowen downgrades Marvell to hold from buy TD Cowen said it has limited visibility on Marvell shares. "Net, we prefer to take to the sidelines and await better visibility and more solid positioning before recommending shares." Bank of America reiterates Dell as buy Bank of America raised its price target to $170 per share from $167. " Dell's SAM [Securities Analyst Meeting] is scheduled for Oct. 7th, and we believe the biggest topics for the event are 1) AI server rev trajectory and TAM, 2) the durability and margins around AI servers, 3) a clear roadmap for Storage (AI server attach, plan to regain share, etc.) and 4) true viability & demand for AI PCs." TD Cowen initiates Semtech as buy TD Cowen said the semis company is well positioned for data center connectivity. "De-levered and re-focused, we initiate on Semtech with a Buy rating." William Blair reiterates Tesla as market perform The firm raised its delivery estimates for Tesla but said it is getting harder to stick with its market perform rating on the stock. "As expected, the end of the EV tax credit has caused a pull forward in demand, but it has been stronger than we originally estimated. U.S. demand for the new Model Y has been a bright spot, and a return in China and rest of world has offset the continued weakness in Europe." JPMorgan upgrades Banc of California to overweight from neutral JPMorgan said the regional bank is best positioned for lower rates. "We view Banc of California as skewing more liability sensitive in a backdrop of lower short-term rates." Evercore ISI upgrades Samsara to outperform from in line Evercore ISI said it sees a slew of positive catalysts ahead for the software company. "Upgrading Samsara ( IOT) to Outperform and raising our price target to $50, based on a constructive multi-year outlook driven by: 1) expanding product breadth across underpenetrated core markets, 2) a proven beat-and-raise execution framework…" TD Cowen reiterates Nvidia as buy The firm said it is bullish on Nvidia's high-speed interconnect technology, NVLink. "NVIDIA is the market incumbent with its NVLink offering, and we see the proliferation of NVIDIA-based systems as a wide moat for the company in the scale up switch market." RBC downgrades GE Vernova to sector perform from outperform RBC downgraded the stock mainly on valuation. "We continue to see GEV benefiting from strong demand for energy generation/distribution and from positive price dynamics and productivity improvements. However, we believe this is now more fully reflected in current valuation and consensus expectations through the end of the decade." BTIG initiates Coinbase as buy BTIG said the crypto company is firing on all cylinders. "We are initiating coverage of Coinbase Global (COIN) with a Buy rating and $410 price target."
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Nvidia
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https://www.cnbc.com/2025/09/29/monday-top-stocks-from-analyst-calls-like-nvidia.html?&qsearchterm=Nvidia
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Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Wells Fargo, Disney, AppLovin and more
| 2025-09-29T00:00:00 |
Here are Monday's biggest calls on Wall Street: Deutsche Bank upgrades Lam Research to buy from hold Deutsche Bank said the semis company is best positioned. "Despite the impressive move in shares YTD (+77%) and even in the last 3 months (+31%), we believe LRCX is well positioned to outperform peers over the next twelve months given these cyclical and secular tailwinds." Read more . Bank of America reiterates Apple as buy The firm said iPhone 17 ship dates remain elevated. "Our tracking of iPhone ship dates on Apple's own website, and various carrier websites, indicates that as of Sep 29th, ship time for the iPhone 17 (19 days) is more extended vs last year's iPhone 16." Wells Fargo upgrades Amer Sports to overweight from equal weight Wells Fargo said investors should buy the dip in the sporting goods company. "With AS shares -20% this past month (vs. SPX +3%), we take advantage of the sell-off following diligence/expert checks in China that point to little-to-no concern both NT and LT over recent Arc social media backlash." Goldman Sachs upgrades Innoviz Technologies to buy from neutral Goldman Sachs said the autonomous vehicle company is well positioned. "Separately, we upgrade lidar provider Innoviz ( INVZ) to Buy from Neutral, reflecting design win potential over the next 3-6 months and relative valuation." Jefferies initiates UP Fintech as buy Jefferies said it is bullish on the China fintech company. "UP Fintech is a leading integrated financial technology platform providing a cross-market, multi-product investment experience for investors around the world." Morgan Stanley downgrades Wells Fargo and US Bancorp to equal weight from overweight The firm downgraded the stocks on valuation. "We are downgrading WFC and USB to Equal-weight from Overweight, driven by valuation and our below-consensus NII [net interest income] estimates." Read more. Morgan Stanley upgrades Citizens Financial to overweight from equal weight Morgan Stanley said the regional bank is "compelling." "As we look out to 2027, CFG's strong 4+ pct pt ROTCE improvement story makes the stock more compelling, with multiple ways to get there." Bernstein reiterates Nvidia and Broadcom as outperform Bernstein said the two stocks are a must-own. "Own both NVDA and AVGO . AI sustainability worries have climbed as huge numbers start to draw disbelief, and NVIDIA's ecosystem investments raise eyebrows. But demand looks off the charts, NVDA' s OpenAI deal and Hock's new 5-year targets suggest we may still be early, and we are hard-pressed to think of a better use of NVDA's cashflow at this point. We think both stocks can and should be owned." Barclays reiterates Tesla as equal weight Barclays said it is sticking with its equal-weight rating. "Yet we believe the rally can also be put in context of Tesla as the 'OG meme stonk', with performance also reflecting a combination of technical factors (i.e. option activity / call purchasing), retail excitement, and Mag7 catch-up." Morgan Stanley downgrades Novo Nordisk to underweight from equal weight The firm said in its downgrade of Novo Nordisk that it sees too many negative catalysts for the biopharma company. "We expect downward revisions to 2026-27 consensus from slower US GLP-1 prescription growth and competitive pressure, and we see catalysts with downside risk over the next 6 months." Goldman Sachs reiterates Disney as buy Goldman Sachs said it is sticking with shares of Disney. "We believe that investor sentiment is mixed. Bulls see DIS as a high-quality earnings compounder with DD% EPS growth over the medium term underpinned by DTC subscriber growth and operating leverage, the benefits from at least 3 new cruise ships, and the return to Sports EBIT growth following a strong start to the launch of ESPN Unlimited." UBS initiates Core & Main as buy UBS said investors should buy the dip in the fire protection company. "We initiate coverage on CNM with a Buy rating and $65 price target, representing ~27% upside." Morgan Stanley reiterates AppLovin as overweight Morgan Stanley raised its price target to $750 per share from $480. "On 10/1 APP will launch its self-serve tool for non-gaming. This is a key catalyst to grow its ad business and prove that it can tap into billions of ad dollars outside the game industry." Barclays initiates Oklo as overweight Barclays said shares of the nuclear company have plenty more room to run. "OKLO is a levered way to invest in the SMR [small modular reactor] theme." Morgan Stanley reiterates Alibaba as overweight Morgan Stanley raised its price target on Alibaba to $200 per share from $165. "We raise our cloud growth estimates to 32% for F26 and 40% for F27, driven by increased capex, model upgrades, strategic partnerships and accelerated international expansion." Deutsche Bank reiterates Intel as hold The firm raised its price target to $30 per share from $23. "INTC has had a busy month in the news, with multiple equity raises (USG, NVDA, etc.), collaborations (NVDA), divestitures (Altera), and macro related impacts (tariffs and trade restrictions) all acting as event driven catalysts for the stock." JPMorgan reiterates Spotify as overweight JPMorgan said Spotify remains well positioned ahead of a possible price increase. The firm also raised its price target to $805 per share from $740. "There is considerable investor focus on a US price increase—which we believe could come by year-end or early 2026—that would drive further upside to our model."
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Nvidia
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https://www.cnbc.com/2025/09/26/nvidias-investment-portfolio.html?&qsearchterm=Nvidia
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Nvidia's $100 billion OpenAI deal showcases chipmaker's growing investment portfolio
| 2025-09-26T00:00:00 |
Nvidia CEO Jensen Huang gestures as U.S. President Donald Trump (not pictured) delivers remarks during the "Winning the AI Race" Summit in Washington D.C., U.S., July 23, 2025.
Nvidia this week said it'll invest $100 billion into OpenAI in a deal that highlights just how big the chipmaker's investment portfolio has become since the arrival of generative AI in 2022.
That deal came just one week after Nvidia committed a $5 billion investment into one-time rival Intel , and after the company announced its intention to make $500 million investment into self-driving car startup Wayve and a £500 million ($667.7 million) investment into U.K. cloud provider Nscale.
Nvidia's investment spending spree underscores the chipmaker's ascendance to the top of Silicon Valley's pecking order, providing capital and access to its highly desired artificial intelligence chips in exchange for equity and insight into where some of the hottest AI startups are headed.
If the full OpenAI investment is completed — it is expected to be carried out over an unspecified number of years — it would represent Nvidia's largest investment ever.
Nvidia in August disclosed in a financial filing that it owned $4.33 billion in publicly traded holdings, including Applied Digital , Arm , CoreWeave , Nebius Group , Recursion Pharmaceuticals and WeRide .
At the end of July, Nvidia valued its nonmarketable equity securities at $3.8 billion, up from $1.8 billion a year ago.
The majority of Nvidia's portfolio companies have some strategic connection to the company's business, either developing complementary technology to its chips, selling rented access to its chips or using the chips for AI, enterprise software or robotics.
But just because Nvidia is on a company's cap table doesn't mean it's one of the chipmaker's customers.
"We do not require any of the companies we invest in to use Nvidia technology," a company spokesperson told CNBC.
For example, Nvidia's deal with OpenAI merely makes it the "preferred" computing power supplier to the startup, not an exclusive provider. Cohere, an enterprise AI startup that Nvidia participated in funding rounds for, announced this week that it will use AMD chips in addition to Nvidia's.
In 2022, OpenAI launched ChatGPT and made the broader world aware of the importance of Nvidia's graphics processing units. Since then, Nvidia's market cap has grown from just over $420 billion to about $4.3 trillion while its annual revenue has increased by 383% from $27 billion in the company's fiscal 2023 to $130.5 billion in the fiscal year ended in January.
The year ChatGPT first debuted, Nvidia made 16 investments into other companies, including seed rounds and stakes acquired through incubators, according to a CNBC analysis of PitchBook data. Nvidia's investments rose to 41 in 2024, and so far in 2025, the chipmaker has made 51 such deals, not counting its commitment to OpenAI.
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Nvidia
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https://www.cnbc.com/2025/09/30/tuesday-stocks-from-analyst-calls-like-nvidia.html?&qsearchterm=Nvidia
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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Amazon, Meta, CoreWeave, Celsius and more
| 2025-09-30T00:00:00 |
Here are Tuesday's biggest calls on Wall Street: Goldman Sachs initiates Golar LNG as buy Goldman Sachs said the nat gas company is compelling. "We initiate coverage of Golar LNG (GLNG) with a Buy rating." BTIG downgrades Instacart to neutral from buy BTIG downgraded the stock due to rising competition. "We are downgrading CART from Buy to Neutral in light of ongoing negative competitive developments." BMO initiates TransDigm Group as outperform BMO said it is bullish on the aerospace component parts company. "We initiate on TransDigm (TDG) at Outperform with a $1,420 target and 10% return." Bernstein reiterates Netflix as outperform The firm said a purchase of Warner Bros. Discovery by Netflix is not likely. "As the House of Ellison deliberates its next move, investors are assessing who else could be considering a bid for WBD. Among the possibilities, NFLX stands out as interesting. We have considered the scenario, but not as a likely outcome, largely because it is unclear what strategic value NFLX would realize, or what it could achieve without WBD." UBS upgrades Fidelity Information Services to buy from neutral UBS upgraded the fintech company and said it sees an attractive risk/reward. "We upgrade FIS to Buy after having been Neutral rated due to a fair valuation, balanced risk-reward, and multiple quarters of uneven results." Bank of America upgrades Freeport-McMoRan to buy from neutral The firm said the risks are priced in for the mining company. "We see FCX as blue-chip copper exposure." Evercore ISI initiates CoreWeave as outperform Evercore ISI said investors should buy the dip in CoreWeave shares. "While we concede there are a wide range of outcomes and the stock will be volatile near-term, there's higher probability CRWV is able to sustain and scale their differentiation from training to inferencing as they benefit from running an 'at scale AIas- a service' for customers beyond the current cohort. Initiate with OP and $175 Target Price." Goldman Sachs downgrades Spotify to neutral from buy Goldman Sachs downgraded Spotify on valuation. "That said, we see a balanced risk/reward on current shares and increasingly see more of this forward growth priced in at current levels." Citi reiterates Nvidia as buy Citi raised its price target on shares of Nvidia. "We lift our TP to $210 from $200 on consistent 30x P/E times revised CY26E ~$7 earnings power and view GTC [Global AI conference] Washington Oct 27-29 as a potential catalyst for the stock." Read more. Morgan Stanley upgrades Celsius to overweight from equal weight Morgan Stanley said the energy drink company is too attractive to ignore. "While CELH stock is up sharply from its lows, it's pulled back ~10% over the past month, and we see an attractive 2:1 bull/bear skew from here." Goldman Sachs reiterates Netflix as neutral Goldman Sachs raised its price target ahead of Netflix earnings on Oct. 21. "We reiterate our Neutral rating (on the shares on the back of a balanced risk/reward from current levels) and slightly lower our 12-month PT from $1,310 to $1,300 on unchanged multiples." Stephens initiates Dorman Products as overweight Stephens said the auto parts company is an "inflation winner." "We are initiating coverage of Dorman Products (DORM OW $185 PT) with an Overweight rating and $185 PT." Needham reiterates Apple as hold Needham said Apple has not raised iPhone prices enough to keep up with inflation. "We link AAPL's inability to increase prices to its inability to introduce new killer apps and differentiated features that would give it pricing power above inflation." Canaccord reiterates Tesla as buy Canaccord raised its price target to $490 per share from $333. "So, here we are again with Tesla , having those very deliberations. We wrote a note in early January where we underwent the same debate and inked our struggles on paper — 'To downgrade or not to downgrade; that was the question.' We kept our BUY rating. And despite the volatile ride since, we're glad we did." Goldman Sachs initiates Royalty Pharma as buy The firm said in its initiation of the biopharma company that Royalty Pharma is well positioned for growth. "Uniquely Positioned In Early Innings of Long-Term Royalty Market Growth." Mizuho initiates Amazon as outperform Mizuho said it sees a slew of positive catalysts ahead for the e-commerce giant. "We like Amazon on the expansion of AWS infrastructure, poised to benefit from the scaling AI inference opportunity and on expanding retail margins, driven by improving efficiency and fast-growing advertising." Mizuho initiates Meta as outperform Mizuho said Meta is best positioned for artificial intelligence. "We launch coverage on META with Outperform and $925 Price Target; it is our favorite long-term holding in Internet. META has the best leverage to AI/ML and GenAI in our space, which is transforming its consumer product, user engagement, ad products, and operations." Oppenheimer upgrades Semtech to outperform from perform The firm upgraded the semis company following constructive management meetings. "We are raising estimates and upgrading shares of SMTC to Outperform from Perform after hosting mgmt. meetings with investors last week." Deutsche Bank initiates Array Technologies as buy Deutsche Bank said the renewable software company is a turnaround story. "We initiate coverage on Array Technologies (ARRY) with a Buy rating and our 12-month Price Target is $11/sh. Implied upside is ~33." Deutsche Bank initiates Nextracker as buy Deutsche Bank said shares of the solar company have plenty more room to run. "We initiate coverage on Nextracker Inc . ( NXT) with a Buy rating and our 12-month price target of $88/sh, implying upside is 20%." Canaccord initiates FirstCash Holdings as buy Canaccord called the pawn shop company the "gold standard in an attractive industry deserving of a premium multiple." "After many questions by investors for longer than we can remember (why don't you cover FirstCash??), today we are initiating coverage o f FirstCash (FCFS) with a BUY rating and $200 PT."
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Microsoft
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https://www.cnbc.com/2025/10/01/jim-cramer-5-biggest-money-mistakes-i-still-regret-even-today.html?&qsearchterm=Microsoft
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Jim Cramer: Billionaires 'won't save you—they're out for themselves.' Here are 5 biggest money mistakes 'I still regret' today
| 2025-10-01T00:00:00 |
If picking great companies and buying their stocks seems so simple, why can't we all make money? Why do so many investors get discouraged or call stocks too risky? Mistakes, that's why. We make mistakes and we get defeated. I make mistakes, not all the time, but often enough to get discouraged myself. I question my abilities both off the air and on the air. But every time you make a mistake, you learn. Boneheaded mistakes are how you get better. Early in my hedge fund days, I kept losing trade tickets in a shoebox and reviewed them monthly. That painful exercise taught me more than my winners ever did. Finding the next Nvidia, Apple, or Microsoft requires practice ... and practice means learning from errors. So let me share some blunders. Take my lessons and apply them to your own life, and your own investing — and avoid the mishaps I still regret even today.
1. Your stocks will tell you when to sell.
What happens if you have really picked a clunker? We don't have to obsess about our stocks. But we can't be complacent at quarterly earnings time. When something is drastically wrong after a company reports, you need to blow that stock out of your portfolio right then. If the stock is really getting obliterated, and you can't figure out why, that means big sellers know more than you and you must take the loss, no matter how big the decline. You don't want your stocks to go to zero. I learned this with Bausch Health. The CEO painted a rosy picture, but the company missed badly and faced earlier-than-expected patent expirations. The stock plunged nearly 50% in minutes. I thought it was panic-selling and stayed put. Wrong. It was smart selling. Months later, it was cut in half again, costing my charitable trust a fortune.
2. Don't make excuses for management.
Management turmoil often means sell, no matter how good the franchise. I learned this with Estée Lauder. For years, the company had always bounced back. So when Covid-19 hit China, I assumed management would adapt again. Instead, they froze. China, Estée Lauder's biggest market, shut down. Wealthy women stopped shopping. The stock plunged from $370 to $255. Then China cracked down on luxury goods, and management kept offering false reassurances with no new strategy. I respected the brand, but that didn't matter. Customers were vanishing. Management, hitherto incredibly strong, just became clueless; I learned to ignore a CEO's rosy obstinance at my own peril. We ended up selling it in the $90s.
3. Anger is not a strategy. Calm down before you act.
In 2023, we bought Oracle, betting on its pivot from enterprise software to AI data centers. The build-out was massive, yet Wall Street gave it no credit. We took advantage, and the stock climbed — until Cerner, a $28 billion medical records acquisition, delivered a shortfall that offset AI optimism. Oracle's stock dropped from $126 to $100, leaving us with a $15 loss. I stuck with the AI story, dismissing Cerner as noise. But the next quarter brought the same pattern: hype about data centers, disappointing numbers elsewhere. Analysts slammed the results, and I grew furious. In a fit, I sold—only to watch Oracle rebound within weeks on news of big AI contracts. The stock eventually ran past $220, more than 125 points above where I departed. Oracle's fundamentals were strong, but I let emotion override patience. Before making rash decisions, step back, cool off, and ask whether a comeback is still possible.
4. Billionaires won't save you—they're out for themselves.
I can count on a couple of fingers the number of billionaire hedge fund managers who have actually tried to help other people's capital appreciate. I don't have enough fingers or toes to count how many have tried to scare you and panic you out of your stocks and send you reeling into cash. And billionaires never apologize for their negativity. They always portray themselves as responsible actors no matter what. Because they don't need to. They already have their money. They won't risk it unless failure is nearly impossible, which means they'll never offer useful stock ideas. Their perspective is completely different from yours. I learned this lesson early in my career when I was asked to advise an heiress worth billions. I wanted to recommend stocks, but my boss reminded me: You only need to get rich once. He told her to stick with safe municipal bonds. He was right. For her, protecting capital mattered more than growing it.
5. The bond market is often wrong.
All my investing life, I have been told one thing about bonds: The bond market is never wrong. If long-term rates are higher than short-term, it signals healthy growth. You're paid for the risk of tying up money. But sometimes the curve flips, and long-term rates fall below short-term ones. That's considered a warning of recession, driven by fear of Fed policy and a "flight to safety." Here's the problem: the bond market has been wrong countless times. Investors panic, pile into bonds, and pundits declare doom. Yet the dire forecasts often don't materialize. Meanwhile, people who listened to the fear sold perfectly good stocks and missed major gains. So here is my final lesson: Do not listen to the people who examine the curve of the bond market and decide that they should sound the alarm about the future, which includes selling perfectly good stocks. Pay attention to the fundamentals of your stocks, not the bond market's indications, and I promise you that you will make a heck of a lot more money than those who think they know something simply by looking at future yields. Upgrade to an annual CNBC Investing Club membership today and claim your free, signed copy of Jim Cramer's new book, "How to Make Money in Any Market." (See terms and conditions for complete offer details. This promotion is available only while supplies last. See the full disclaimer here for important limitations and exclusions.) Jim Cramer is a bestselling author, financial expert, and media personality. He is the host of CNBC's Mad Money and cohost of Squawk on the Street. He is also the founder of CNBC Investing Club and of TheStreet. His many books include "Confessions of a Street Addict," "Jim Cramer's Getting Back to Even," "Jim Cramer's Mad Money," "Jim Cramer's Real Money," "Jim Cramer's Stay Mad for Life," and "Jim Cramer's Get Rich Carefully."
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Microsoft
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https://www.cnbc.com/2025/10/01/microsoft-wants-to-mainly-use-its-own-ai-chips-in-the-future.html?&qsearchterm=Microsoft
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Microsoft wants to mainly use its own AI data center chips in the future
| 2025-10-01T00:00:00 |
Microsoft Chief Technology Officer and Executive Vice President of Artificial Intelligence Kevin Scott speaks at the Microsoft Briefing event at the Seattle Convention Center Summit Building in Seattle, Washington, on May 21, 2024.
Microsoft would like to mainly use its own chips in its data centers in the future, the tech giant's chief technology officer said on Wednesday, in a move which could reduce its reliance on major players like Nvidia and AMD .
Semiconductors and the servers that sit inside data centers have underpinned the development of artificial intelligence models and applications.
Tech giant Nvidia has dominated the space so far with its graphics processing unit (GPUs), while rival AMD has a smaller slice of the pie.
But major cloud computing players, including Microsoft, have also designed their own custom chips for specifically for data centers.
Kevin Scott, chief technology officer at Microsoft, laid out the company's strategy around chips for AI during a fireside chat at Italian Tech Week that was moderated by CNBC.
Microsoft primarily uses chips from Nvidia and AMD in its own data centers. The focus has been on picking the right silicon — another shorthand term for semiconductor — that offers "the best price performance" per chip.
"We're not religious about what the chips are. And ... that has meant the best price performance solution has been Nvidia for years and years now," Scott said. "We will literally entertain anything in order to ensure that we've got enough capacity to meet this demand."
At the same time, Microsoft has been using some of its own chips.
In 2023, Microsoft launched the Azure Maia AI Accelerator which is designed for AI workloads, as well as the Cobalt CPU. In addition, the firm is reportedly working on its next-generation of semiconductor products. Last week, the U.S. technology giant unveiled new cooling technology using "microfluids" to solve the issue of overheating chips.
When asked if the longer term plan is to have mainly Microsoft chips in the firm's own data centers, Scott said: "Absolutely," adding that the company is using "lots of Microsoft" silicon right now.
The focus on chips is part of a strategy to eventually design an entire system that goes into the data center, Scott said.
"It's about the entire system design. It's the networks and the cooling and you want to be able to have the freedom to make the decisions that you need to make in order to really optimize your compute to the workload," Scott said.
Microsoft and its rivals Google and Amazon are designing their own chips to not only reduce reliance on Nvidia and AMD, but also to make their products more efficient for their specific requirements.
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Microsoft
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https://www.cnbc.com/2025/09/30/black-girls-code-ceo-on-the-relationship-that-helped-fuel-her-success.html?&qsearchterm=Microsoft
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Black Girls Code CEO on the No. 1 relationship that helped fuel her success: ‘I’ve been really fortunate’
| 2025-09-30T00:00:00 |
Cristina Mancini has had a storied career. The CEO of nonprofit Black Girls Code worked at 20th Century Studios (previously 20th Century Fox) for more than 13 years, rising to the rank of executive vice president. She then spent more than five years at Salesforce first as chief marketing officer and then chief engagement officer. She was appointed to her current role at BGC in 2023. "I've been really fortunate," Mancini told CNBC Make It at the Fast Company Innovation Festival in September. "I have had some incredible mentors and sponsors that have helped accelerate my career." There is one in particular that stands out, she said: John Herbert, former chief information officer at 20th Century Studios.
'The IT executive that was assigned to me was not taking me seriously'
In 2015, Mancini was tasked with deepening fan engagement with 20th Century properties, specifically by connecting with fans digitally. But she needed the tech to do that. "I was struggling because the IT executive that was assigned to me was not taking me seriously," she said, adding that "I needed technology. I needed to test technology, and he would not help me." So she started finding workarounds. "You will find if you keep doing that, eventually the CIO will come visit you in your office," she said. "Luckily, instead of penalizing me for that, John asked, what was I trying to accomplish?" When Herbert understood Mancini's mission and constraints, he helped her get hold of the tech she needed. "He also introduced me to these tech organizations like HP and Microsoft," she said. "That led to me really finding my footing in the tech landscape."
John asked, what was I trying to accomplish? Cristina Mancini CEO, Black Girls Code
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Microsoft
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https://www.cnbc.com/video/2025/09/30/recession-fears-are-a-anew-concerna-for-retail-investors-says-investopediaas-caleb-silver.html?&qsearchterm=Microsoft
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Recession fears are a ‘new concern’ for retail investors, says Investopedia’s Caleb Silver
| 2025-09-30T00:00:00 |
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Recession fears are a ‘new concern’ for retail investors, says Investopedia’s Caleb Silver
Caleb Silver, editor-in-chief of Investopedia, joins Fast Money to discuss the latest sentiment survey showing retail investors remain cautiously optimistic but overly loyal to big Nasdaq names like Apple and Microsoft, while voicing new worries about recession, inflation, and bubbles, and more.
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Microsoft
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https://www.cnbc.com/2025/09/30/amazon-alexa-echo-price.html?&qsearchterm=Microsoft
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Amazon's new Echo devices designed for Alexa+ start at $99
| 2025-09-30T00:00:00 |
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT
Daniel Rausch, vice president of Alexa and Echo, announces the Echo Studio and Echo Dot Max during an Amazon event showcasing new products in New York City, U.S., September 30, 2025. Kylie Cooper | Reuters
Amazon on Tuesday unveiled four new smart speakers and voice-activated displays that are revamped with Alexa+, its personal assistant that's powered by generative artificial intelligence. The company debuted the Echo Dot Max, a revamped version of its compact smart speaker, which costs $99.99. Amazon also unveiled a new Echo Show 8 and Echo Show 11, priced at $179.99 and $219.99, respectively. There's also a new version of the Echo Studio, a larger, higher-end model with a more powerful speaker, priced at $219.99. All the devices are available for preorder on Tuesday, and users will get Alexa+ early access "out of the box," Amazon said. The Echo Dot Max and Echo Studio ship Oct. 29, while the Echo Show 8 and Echo Show 11 ship Nov. 12.
The devices were launched at Amazon's fall hardware bonanza, held in New York. They're the first batch of revamped products under the leadership of Panos Panay, a former Microsoft hardware leader who joined Amazon in 2023. It's also the first set of Amazon hardware to integrate the company's long-awaited Alexa+, which debuted in February and has slowly rolled out in early access for some users. "These are the most powerful Echo devices we have ever created," Panay said on stage at the event. "Custom silicon, advanced sensors, our best microphones and sound, noise cancellation, understanding the user, faster than anything we've ever delivered before. They're also beautifully designed to fade into the background." Alongside a revamped look, Amazon added new AZ3 and AZ3 Pro chips for edge processing to the devices, which are faster, more powerful and have "AI built right in," said Daniel Rausch, the head of Amazon's Alexa and Echo businesses.
Panos Panay, head of Amazon's Devices and Services team, introduces Echo during an Amazon product event in the Manhattan borough of New York City on September 30, 2025. Amazon announced its next generation of Kindle, Ring, Blink, Fire TV, and Echo devices. Charly Triballeau | Afp | Getty Images
The devices also feature a so-called Omnisense platform that gives Alexa "better contextual awareness," Rausch said. It allows the Echo Show to be able to recognize users and serve up personalized insights, like an analysis of how they slept last night or alert users if they left their front door unlocked after midnight. Amazon faces growing pressure to update its hardware and software for the generative AI age following the success of rivals such as OpenAI's ChatGPT and Google's Gemini. Meta also has its Ray-Ban Meta glasses, which use its Llama large language model to answer spoken questions from the user. Amazon is also looking beyond Alexa or Echo smart speakers for opportunities in device growth. The company in July confirmed it's acquiring AI wearables startup Bee, which makes a wristband that can record and transcribe conversations.
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Microsoft
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https://www.cnbc.com/2025/09/30/ring-founder-ai-amazon-doorbell-police.html?&qsearchterm=Microsoft
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Ring founder 'backs the blue,' says AI is helping Amazon-owned doorbell unit fight crime
| 2025-09-30T00:00:00 |
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT
Jamie Siminoff, founder of Ring, speaks during an Amazon product event in the Manhattan borough of New York City on Sept. 30, 2025. Charly Triballeau | AFP | Getty Images
In 2023, Jamie Siminoff called up Amazon 's former devices boss, Dave Limp, to say he was stepping down from leading the video doorbell company he sold to the e-commerce giant for $839 million in 2018. Siminoff, who started Ring in 2013, said Limp and Amazon offered him the opportunity to work elsewhere at the company, but he declined. "I said, 'I think I have to leave,'" Siminoff recalled in an interview on Friday. "I don't think I can be half in. I'm either all in or I'm all out." He wasn't gone for long. In April, Siminoff announced his return to Ring, replacing Liz Hamren, a former Microsoft and Discord executive whom Amazon had hired to succeed him. Now that he's back at the helm, Siminoff says he's restoring Ring's original mission, to "make neighborhoods safer." And now his team has even more artificial intelligence technology at its disposal to supercharge those efforts. Siminoff took the stage Tuesday at Amazon's annual hardware event in New York to debut new Ring cameras, along with a feature called Search Party that uses AI to identify potential matches in camera footage. It's aimed at "reuniting lost dogs" with their families, but Siminoff said there could be other applications in the future.
During Hamren's two-year tenure, Ring moved to adopt a softer, more whimsical image marked by silly videos of backyard animal encounters and family-friendly hijinks. It also removed a tool widely criticized by civil liberties and privacy advocates that let police request doorbell footage from users in its neighborhood watch app. Siminoff, 48, said Ring's cameras have many uses, including keeping an eye on pets and loved ones. Siminoff is based in Los Angeles and has two dogs, a Belgian Malinois and a Chihuahua. "I'm focused on: How can I get the highest density of camera coverage in a neighborhood matched with AI to make neighborhoods safer?" he said. "It's not just hard crime." Ring is part of Amazon's vast devices and services division, which is overseen by Panos Panay, a former Microsoft hardware leader who joined the company in 2023. Beyond Ring, the unit spans Amazon's Zoox robotaxis, Kindle e-readers, Echo devices and Kuiper, the company's internet satellite service. Ring's security cameras typically start at $50 and range in price depending on coverage. Users can also pay up to $20 a month for its subscription service that lets them continuously record and access more cloud storage, among other features.
'It was terrible'
Siminoff said a personal encounter with violence played a part in his return. Several months earlier, Siminoff said he witnessed a shooting at a laundromat in South Central Los Angeles that left him feeling shaken. "It was terrible," Siminoff said through tears. "Kids are crying, it's a whole f****** scene."
Ring CEO Jamie Siminoff unsuccessfully pitched his company on ABC's "Shark Tank" in 2013 before returning to the show as a guest judge. Eric McCandless | Contributor | Getty Images
The incident reaffirmed his belief in Ring's mission and its potential to aid law enforcement officers when they "don't have time to go door to door," he said. Those relationships with police have been controversial over the years. Amazon claimed a Los Angeles Police Department pilot program in 2015 found that Ring's doorbells reduced burglaries in neighborhoods "by as much as 55%," according to a 2018 release. But reports from several outlets have disputed whether Ring cameras lead to a decrease in crime. Privacy advocates have expressed concern that the company's cameras and accompanying Neighbors app have heightened the risk of racial profiling and turned residents into informants, with few guardrails around how law enforcement can use the material. Siminoff, who said he's "pro public safety" and "backs the blue," said he felt some of the coverage of Ring's video-request feature for police was unfair or inaccurate. "That's the stuff that irks me," Siminoff said, referring to the claim that Ring gives camera access to police. "We allow them to request footage from people in a super privacy centric, anonymous way that keeps their privacy. But that's not a good headline," he added.
Devin Hance | CNBC
A few weeks after Siminoff's return, Ring reintroduced its community request tool through a partnership with Axon Enterprise , the maker of Tasers and police body cameras. Police can solicit footage from Ring cameras through Axon's online evidence management system, and users can choose whether or not to share it. "I don't think we should be working directly with police," Siminoff said. "It's not the business we're in in any way." Siminoff said Ring, which is profitable, is exploring other potential growth areas, such as security solutions for small- and medium-sized businesses. Ring isn't currently exploring offering up its tech to a more homegrown customer — its sprawling parent company. At least when it comes to sticking its cameras in Amazon delivery vans or warehouses. Siminoff has considered it, but "then you realize it's just a distraction," he said. "Amazon's so big you could probably do something for everything." WATCH: Amazon comments on $2.5 billion settlement with FTC
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Microsoft
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https://www.cnbc.com/2025/09/29/jim-cramer-explains-why-he-thinks-the-ai-boom-is-different-than-the-dotcom-bubble.html?&qsearchterm=Microsoft
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Jim Cramer explains why he thinks the AI boom is different than the dotcom bubble
| 2025-09-29T00:00:00 |
CNBC's Jim Cramer on Monday pushed back against the narrative that Wall Street's fervor for artificial intelligence is the same as the dotcom bubble of 2000, saying there are major differences in terms of the quality and funding of the current Big Tech stocks that are leading the market to new heights.
"Speaking as an internet pioneer, what I see now is the polar opposite of what we were seeing 25 years ago. When the dotcoms made bad investments, nearly all of them went under," he said. "But, worst case scenario, if Google and Amazon and Meta make bad investments and take big losses, that's just another day at the office."
Cramer explained that some on Wall Street doubt the validity of hyperscalers' huge investments in AI and data centers, and they fear the AI boom will bust and send the market into chaos like what happened at the end of the dotcom era.
But Cramer suggested that each of the major players in the space — namely Nvidia , Microsoft , Meta , Apple , Alphabet , Amazon and Tesla — are all "developing a reputation for something different" and are more substantive than many of the dotcom companies. He noted that most of the data centers are being built by these massively rich companies, which was not the case for some dotcom-era outfits that bought infrastructure and fell into debt. However, he said he was somewhat concerned with Oracle 's announcement it would build data centers with "big money from OpenAI," as "we have no idea where that money's really going to come from."
He also suggested that the tech megacaps aren't "the types of companies that will roll over and go under in a few months' time." Instead, he said that for the most part, they're flush with cash and could pivot and write off debt if they needed. He also expressed optimism that these companies will continue to succeed as AI technology becomes more and more advanced.
However, despite his confidence in Big Tech and the AI thesis, Cramer said he doesn't think investors should stop scrutinizing major stock moves and investments in the space.
"So, should we take the dotcom bomb scenario off the table? Oddly, I don't want it to be taken off the table," he said. "See, The skepticism keeps things in check. If there weren't such a negative bent to the story right now, everyone would be in this pool, and we'd all drown."
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Microsoft
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https://www.cnbc.com/2025/09/29/anthropic-claude-ai-sonnet-4-5.html?&qsearchterm=Microsoft
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Anthropic launches Claude Sonnet 4.5, its latest AI model that's 'more of a colleague'
| 2025-09-29T00:00:00 |
Dario Amodei, co-founder and chief executive officer of Anthropic, at the World Economic Forum in 2025. Stefan Wermuth | Bloomberg | Getty Images
Anthropic on Monday announced its latest artificial intelligence model: Claude Sonnet 4.5. The model is better at coding, using computers and meeting practical business needs, and it excels in specialized fields like cybersecurity, finance and research, Anthropic said. The Amazon -backed startup, which is valued at $183 billion, is making Claude Sonnet 4.5 available to all users. Anthropic said Claude Sonnet 4.5 is the "best coding model in the world" according to industry benchmarks like SWE-bench Verified, a test set that measures an AI system's software coding abilities. "People are just noticing with this model, because it's just smarter and more of a colleague, that it's kind of fun to work with it when encountering problems and fixing them," Jared Kaplan, Anthropic's co-founder and chief science officer, told CNBC in an interview. The model generates higher-quality code, is better at identifying code improvements and can follow instructions more reliably, the company said. Claude Sonnet 4.5 comes after Anthropic launched Claude Opus 4.1 in August and Claude Sonnet 4 in May. It's the latest example of the breakneck pace of innovation within the AI industry.
Anthropic was founded by a group of former OpenAI researchers in 2021, and the two companies have been fierce competitors ever since. OpenAI kick-started the generative artificial intelligence boom following the release of its ChatGPT chatbot in 2022. The startup, which has seen its valuation swell to $500 billion, announced its latest model, GPT-5, in August. The rollout was rocky, as some users complained about losing access to the company's prior models. Mike Krieger, Anthropic's chief product officer, said that Claude Sonnet 4.5 will be the default for users and that Anthropic recommends the model for "basically every use case." Even so, users will have options. Paid subscribers can still choose to use Opus, and users with specific workflows can select an older generation of Sonnet if they aren't ready to migrate overnight, he said. Claude Sonnet 4.5 is smaller than Claude Opus 4.1 but smarter than it in "almost every single way," Krieger added.
Zoom In Icon Arrows pointing outwards Anthropic's Claude Sonnet 4.5 chatbox. Courtesy of Anthropic
"We have found it, and our customers are finding it, very useful for real, actual work," Krieger said. Claude Sonnet 4.5 can run autonomously for 30 hours, and Anthropic said it's able to maintain focus on complex, multistep tasks throughout that period. Claude Opus 4, which the company launched in May, could run autonomously for just seven hours. Anthropic has also been able to improve the model's behavior through extensive safety training, the company said. It has reduced "concerning behaviors" like deception, power seeking and sycophancy, which is when a model tells a user what they want to hear. Claude Sonnet 4.5 is also more resistant to prompt injection attacks, where a model can get tricked into doing something malicious, like exposing sensitive data. "This is the biggest jump in safety that I think we've seen in the last probably year, year and a half," Kaplan said. Additional model launches are already on the horizon for Anthropic. Kaplan said better models are coming, including "very likely Opus." "No promises," he said. "But I think that we'll probably have one or two more releases before the end of the year." WATCH: Microsoft to buy AI from Anthropic in shift away from OpenAI, sources say
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Microsoft
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https://www.cnbc.com/video/2025/09/29/pres-trump-urges-microsoft-to-fire-lisa-monaco-who-served-as-deputy-ag-in-the-biden-administration.html?&qsearchterm=Microsoft
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Pres. Trump urges Microsoft to fire Lisa Monaco, who served as deputy AG in the Biden administration
| 2025-09-29T00:00:00 |
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Microsoft
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https://www.cnbc.com/2025/09/29/from-tesla-to-microsoft-satya-nadella-tech-firms-leader-once-h-1b-visa-holders.html?&qsearchterm=Microsoft
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From Elon Musk to Microsoft's Satya Nadella: Tech leaders that were once H-1B visa holders
| 2025-09-29T00:00:00 |
In this article EBAY
CSCO
ZM
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MSFT Follow your favorite stocks CREATE FREE ACCOUNT
Evgenia Parajanian | Istock | Getty Images
President Donald Trump is looking to restrict and overhaul the H-1 B visa program, which has allowed U.S. companies to hire foreign talent in occupations such as IT, healthcare and engineering for decades. The program has been a topic of debate among lawmakers in Washington for years, with many opponents arguing that it removes job opportunities for U.S. nationals and is rife with abuse. In response, Trump announced a plan to impose $100,000 fees on H-1B applications, which could severely impact American companies' ability to support the visas. One thing that can't be disputed, however, is that the program has been part of the journey of a considerable number of American technology and business leaders since its inception in 1990. Here is a list of some of the highest-profile ones.
Elon Musk
Elon Musk, the world's richest man and the founder of a raft of prominent tech companies in the U.S., is not only one of the most prominent H-1B visa recipients but also one of the most vocal advocates of the program. Originally born in South Africa, Musk moved to the U.S. in 1992 when he transferred to the University of Pennsylvania to pursue his studies. He later attended Stanford before dropping out to pursue entrepreneurial ventures in Silicon Valley.
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While some details of his early visa situation have been debated, Musk has gone on record saying the reason he is in the U.S., along with "so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong," was the H-1B visa. Still, the billionaire, who has become highly involved in U.S. and global politics, has also supported the overhaul and reformation of the H-1B system in the past.
Eric Yuan
Eric Yuan, the 55-year-old founder and CEO of Zoom , immigrated to the U.S. from China in 1997 on an H-1B visa, though his journey was anything but easy. Yuan was sponsored for an H-1B visa by video conferencing company Webex — later acquired by Cisco Systems — but was only approved on his ninth try, he said on a Cloud Giant podcast in 2020.
Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images
Despite speaking very little English upon his arrival in the U.S., he would go on to launch Zoom in 2011. The company's IPO in 2019 valued Yuan's shares in the billions. While Yuan has not publicly commented much about the H-1B visa program, he told CNBC in 2019 that the United States' openness to immigration is healthy and that he expects that culture to persist.
Satya Nadella
Born and raised in India, Satya Nadella, chairman and CEO of Microsoft , is also a former recipient of an H-1B visa, though his circumstances were quite unique. Having been in the U.S. since 1990, he held a highly coveted green card until he gave it up to bring his wife into the country through a successful, but otherwise risky, H-1B visa application in 1994.
"The idea that you have to give up your green card to get an H-1B is, in retrospect, silly. And so therefore let us in fact take the reform so that it works for us, both our security but as well as our competitiveness," said Nadella in a 2017 interview with CNBC. Back in 2017, speaking on the 'Make Me Smart' podcast, Nadella defended the H-1B visa program, saying that it provided Microsoft with high-skilled labor that helped it remain globally competitive, though he welcomed an executive order reviewing H-1B for abuses under the first Trump administration.
Jayshree Ullal
Jayshree Ullal, CEO of cloud networking company Arista Networks, was born in the United Kingdom and raised in New Delhi, before she moved to the U.S. at the age of 16 and began her studies at San Francisco State University. After completing a master's degree at Santa Clara University, she went on to work for prominent tech companies, including Fairchild Semiconductor, Advanced Micro Devices, and Cisco. Somewhere in that time, Ullal had been a recipient of an H-1B visa, a representative of the CEO had previously disclosed to Forbes. Arista did not respond to a request for comment from CNBC.
President and CEO of Arista Networks, Jayshree Ullal. Scott Mlyn | CNBC
While details of Ullal's H-1B journey are unknown, she has voiced support for immigration reform and easier pathways for foreign workers to the U.S. in the past. Speaking to Times of India in 2023, she said the immigration process had become overly challenging with permanent residence visas taking up to 15 years to secure, which is "a large chunk of a professional person's work life." "At Arista, we believe that the best developers can come from anywhere and there is a global distribution of engineering talent — virtual or physical," she added. Ullal is one of the handful of immigrant billionaires in the U.S. today with a net worth of $6 billion, according to Forbes.
Jeffrey Skoll
Jeff Skoll, the first President of eBay — now a philanthropist and chairman of Capricorn Investment Group — is another former H-1B visa holder who has advocated for the program, while supporting targeted reforms. As a Canadian, he graduated from the University of Toronto in 1987 before he came to America to study at Stanford University. He would later obtain an H-1B visa in 1996 when he began working for eBay and its founder, Pierre Omidyar.
Jeff Skoll Getty Images
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Amazon
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https://www.cnbc.com/2025/10/01/microsoft-wants-to-mainly-use-its-own-ai-chips-in-the-future.html?&qsearchterm=Amazon
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Microsoft wants to mainly use its own AI data center chips in the future
| 2025-10-01T00:00:00 |
Microsoft Chief Technology Officer and Executive Vice President of Artificial Intelligence Kevin Scott speaks at the Microsoft Briefing event at the Seattle Convention Center Summit Building in Seattle, Washington, on May 21, 2024.
Microsoft would like to mainly use its own chips in its data centers in the future, the tech giant's chief technology officer said on Wednesday, in a move which could reduce its reliance on major players like Nvidia and AMD .
Semiconductors and the servers that sit inside data centers have underpinned the development of artificial intelligence models and applications.
Tech giant Nvidia has dominated the space so far with its graphics processing unit (GPUs), while rival AMD has a smaller slice of the pie.
But major cloud computing players, including Microsoft, have also designed their own custom chips for specifically for data centers.
Kevin Scott, chief technology officer at Microsoft, laid out the company's strategy around chips for AI during a fireside chat at Italian Tech Week that was moderated by CNBC.
Microsoft primarily uses chips from Nvidia and AMD in its own data centers. The focus has been on picking the right silicon — another shorthand term for semiconductor — that offers "the best price performance" per chip.
"We're not religious about what the chips are. And ... that has meant the best price performance solution has been Nvidia for years and years now," Scott said. "We will literally entertain anything in order to ensure that we've got enough capacity to meet this demand."
At the same time, Microsoft has been using some of its own chips.
In 2023, Microsoft launched the Azure Maia AI Accelerator which is designed for AI workloads, as well as the Cobalt CPU. In addition, the firm is reportedly working on its next-generation of semiconductor products. Last week, the U.S. technology giant unveiled new cooling technology using "microfluids" to solve the issue of overheating chips.
When asked if the longer term plan is to have mainly Microsoft chips in the firm's own data centers, Scott said: "Absolutely," adding that the company is using "lots of Microsoft" silicon right now.
The focus on chips is part of a strategy to eventually design an entire system that goes into the data center, Scott said.
"It's about the entire system design. It's the networks and the cooling and you want to be able to have the freedom to make the decisions that you need to make in order to really optimize your compute to the workload," Scott said.
Microsoft and its rivals Google and Amazon are designing their own chips to not only reduce reliance on Nvidia and AMD, but also to make their products more efficient for their specific requirements.
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Amazon
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https://www.cnbc.com/2025/10/01/top-3-club-stocks-and-the-bottom-3-as-the-market-surged-in-q3.html?&qsearchterm=Amazon
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The top 3 portfolio stocks, and the bottom 3, as the market surged in the third quarter
| 2025-10-01T00:00:00 |
It was a terrific third quarter for Wall Street as the stock market hit record high after record high. The S & P 500 and Nasdaq climbed 7.8% and 11.2%, respectively, from the June 30 close to Tuesday's close, the session before the start of the fourth quarter, which began on a sour note after the government shut down early Wednesday morning. The final quarter of the year is historically the strongest for stocks. We will have to see if that holds true in an already stellar 2025, which has seen the S & P 500 and Nasdaq gain more than 13% and 17%, respectively, year to date. .SPX .IXIC YTD mountain 2025-06-30 S & P 500 vs. Nasdaq YTD The Q3 outperformance came despite a cocktail of uncertainty. Investors continued to speculate over the Federal Reserve's monetary policy decisions. The Fed, however, did finally announce a quarter-percentage point reduction to the overnight lending rate on Sept. 17, the first cut since Dec. 2024. Wall Street also mulled President Donald Trump 's tariff moves and the longevity of the generative artificial intelligence trade. Since the end of the second quarter, the Club has sent out dozens of trade alerts. This includes initiations of Nike , Cisco Systems , and Boeing, while exiting Coterra Energy altogether. Through it all, there were clear winners and laggards in the third quarter — a diverse group spanning Big Tech to industrials. Here's a breakdown of the portfolio's top three and bottom three performers over the period, along with the Club's updated take on each. Gainers 1. Apple: +24.1% Apple shares were buoyed by an early August announcement that the company would boost its investment in U.S. manufacturing by another $100 billion, bringing its total commitment to $600 billion over the next four years. Investors celebrated how CEO Tim Cook navigated the Trump administration's threats of higher tariffs against the iPhone maker. Less than a month later, Apple stock surged again after a favorable ruling in Google's antitrust case. A federal judge ruled that Alphabet -owned Google could still make billions of dollars in payments to Apple to preload Google Search onto the iPhone and other company devices. Wall Street liked the news because it prevented an immediate hit to Apple's high-margin services business. The ruling also opened the door for similar deals with large language model providers to bring AI services to Apple, which could improve the company's so-far lackluster generative AI rollout. Finally, Apple owes its most recent gains to positive signs for the company's new iPhone 17 and Air lineup. Wall Street analysts have said so themselves. JPMorgan, for example, raised its price target on Apple to $280 apiece from $255 last week, citing favorable demand indications since the new devices were introduced on Sept. 9. Jim has sent a clear message to Wall Street : Get more bullish on Apple stock. 2. Broadcom: +19.7% The custom chipmaker received a leg up after posting a top and bottom line beat last month, propelled higher by management's commentary around a new customer's $10 billion worth of AI-related orders. As a result, Broadcom CEO Hock Tan said that AI revenue for the full year should "improve significantly" compared to previous expectations. The Club hiked its price target to $350 from $290 following the release. Additionally, shares benefited from the continued strength in the generative AI trade, too. In turn, the Club trimmed our Broadcom position a few times over the past quarter. Our conviction in the stock hasn't changed. Instead, it's important to remain disciplined and right-size a position when necessary. 3. Nvidia: +18.1% Rounding out our top three quarterly gainers was Nvidia . Like Broadcom, the chipmaker's shares surged on signs that AI spending wasn't easing up anytime soon. Investors saw this in quarterly earnings reports from Club holdings Meta Platforms, Amazon, and other Big Tech names, which raised their capital expenditures. Oracle 's quarterly earnings report gave AI-linked stocks another lift in September on the back of blistering demand for the company's cloud services. Trump also gave Wall Street some assurance that the administration would give Nvidia licenses to offer its H20 AI chip in China – a crucial market for the company. Nvidia also announced a $100 billion investment to help OpenAI build data centers. Shares hit a record high as recently as Tuesday. Laggards 1. Salesforce: -13.1% It's not a surprise to us that Salesforce was the portfolio's worst Q3 performer. In general, Software as a Service (SaaS) names have taken hits as the rise of generative AI puts revenue for their seat-based models at risk. That's exactly why, in August, the Club downgraded Salesforce stock to a hold-equivalent 2 rating from a buy. Plus, quarterly earnings in early September didn't help investor sentiment either. The company disappointed investors with its financial outlook. In Jim Cramer's interview with CEO Marc Benioff, he asked about the company's guidance versus expectations. Benioff defended the outlook, saying in part: "Maybe I'm just being too conservative. I think I'm being appropriately conservative, but I've always been that way for 26 years." The next catalyst for Salesforce comes later this month when it holds its annual Dreamforce conference, which needs to wow investors . 2. Texas Roadhouse: -11.3% This stock has been hit over the past three months due to commodity inflation. Higher beef prices, which have eased somewhat recently, weighed on shares as investors worry about whether Texas Roadhouse will pass on the additional costs to diners or absorb them. Quarterly earnings in early August affirmed that concern, even with strong comps as beef prices still dented results. But the casual steakhouse chain is otherwise executing well on everything it can control. We're conflicted, but still sticking with Texas Roadhouse. 3. Honeywell: -9.6% Honeywell shares have dragged ahead of the industrial conglomerate's forthcoming split into three publicly traded entities. The stock's underperformance is likely due to a Wall Street phenomenon, known to some investors as "spin purgatory." Other Club stocks like DuPont have undergone similar patterns. That doesn't mean there's anything wrong with Honeywell's fundamentals, though. After all, we still believe the split will unlock much more value for the company. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Amazon
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https://www.cnbc.com/2025/09/30/nike-shares-jump-on-strong-earnings-signs-its-turnaround-is-racing-ahead-under-ceo-hill.html?&qsearchterm=Amazon
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Nike shares jump on strong earnings, signs its turnaround is racing ahead under CEO Hill
| 2025-09-30T00:00:00 |
Nike shares jumped in after-hours trading Tuesday after the sportswear maker's quarterly results far exceeded Wall Street expectations, signaling that CEO Elliott Hill's turnaround strategy is gaining momentum. Total revenue in the company's fiscal 2026 first quarter increased 1% year over year to $11.72 billion, topping Wall Street expectations of about $11 billion, according to estimates compiled by LSEG. Earnings per share (EPS) fell 30% from the year-ago period to 49 cents, beating the consensus of 70 cents, LSEG data showed. The stock — a member of the Club's portfolio for only a few days — climbed more than 4% to around $72.66 a share in extended trading. Nike shares ended Tuesday's regular session down almost 10% in September. Why we own it Nike, the global leader in sportswear, is undergoing a turnaround under CEO Elliott Hill. With Hill in charge, Nike is focusing on its most important categories across its three main geographies and five major cities. After too much attention on its direct-to-consumer business, Nike has pivoted back to key retail partners to drive sales. Competitors: Adidas , Puma , Lululemon , On Holding , Deckers Brands Last buy: Sept. 26, 2025 Initiation date: Sept. 26, 2025 Bottom line Nike's quarter filled up the box score, as far as our investment thesis is concerned. Turnarounds require management credibility, and the best way to create that is by beating the guidance you give the Street. Nike's results were far better than the guidance that executives offered three months ago. Hill and Co. had forecast revenue falling by a mid-single-digit percentage, gross margins declining 350 basis points to 425 basis points, and selling, general and administrative (SG & A) expenses increasing by a low-single-digit percentage. Instead, what actually happened is that revenues increased by 1%, gross margin fell by just 320 basis points, and SG & A dollars dipped about 1%. A basis point is equal to 0.01%, so in this case, gross margin declined by 3.2 percentage points. Another part of our thesis where Nike shined is innovation and its "Win Now" initiative, which is all about prioritizing its best-performing categories across its main geographies. This strategy is still in its early days, but the work has begun to pay off in key areas like running, where management launched what it called its "sport offense," which brings the company's organization closer to the athletes it serves. "We're getting back to delivering a relentless flow of innovation that serves real athlete needs, and we're pulling it all the way through the marketplace in consumer-friendly ways," Hill said on the earnings call. "The early results have been positive with Nike running growing over 20% this quarter," added Hill, a longtime Nike employee who returned to the company in October 2024 as CEO. We also wanted Nike to pivot back toward its wholesale business and re-engage partners like Dick's Sporting Goods and the Dick's-owned Foot Locker, rather than relying too heavily on its direct-to-consumer channel, which had been a focus of Hill's predecessor, John Donahoe. To our delight, Nike's fledgling efforts have paid off: its North America wholesale business returned to growth, with sales up 5% year over year on a currency-neutral basis and momentum is expected to continue. In particular, management called out the success of the Nike Brand Store on Amazon , which Hill said is driving stronger engagement and sales than anticipated. Nike returned to selling wholesale on Amazon earlier this year for the first time since 2019 . Amazon is a fellow Club holding. Like any turnaround, though, we know progress isn't made in a straight line. We've talked about this repeatedly with our position in Starbucks . Nike has acknowledged this, too. "We are encouraged with how we have started the year, but progress won't be linear and there is still work to do to return to driving consistent, sustainable and profitable long-term growth" CFO Matthew Friend said on the call. Specifically, getting Nike's Greater China segment and its Converse brand to return to profitable growth won't be an easy task. Additionally, Nike's website may have been de-emphasized, but it's still an important part of the business. Inventory and tariffs headwinds need to be managed as well. Still, we left the earnings call with greater confidence in Hill's plan. Ahead of Tuesday's print, we put a small Nike position on last week because we wanted to participate in some upside if the turnaround was on track, and we liked what we heard. For that reason, we are increasing our price target to $85 from $80, reiterating our buy-equivalent 1 rating, and planning to scale deeper into this new position. Tariffs Nike is among the many shoe and apparel companies grappling with President Donald Trump's evolving tariff policies, as a result of Southeast Asia being such a hub for manufacturing those products. Investors are well aware that Nike has steep tariff exposure, though, and investors have been pricing that risk into the stock for months — well before we arrived. For us, the question is how Nike manages tariffs from here. On Tuesday, Nike said on the earnings call that reciprocal tariff rates have increased for certain countries since its last earnings call in late June. As a result, management now estimates the gross incremental cost to Nike on an annualized basis is approximately $1.5 billion, up from its prior view of $1 billion. That is going to result in a hit to gross margins in the fiscal year of roughly 120 basis points, up from 75 basis points. Nike has previously shared that it is working to mitigate its tariff headwind through initiatives like sourcing optimization and reducing China footwear imports from 16% to a high single-digit range by the end of fiscal 2026. Also, the company is working with suppliers and retail partners to mitigate other cost increases and has implemented a price increase beginning this fall. Finance chief Friend said Tuesday that Nike is adhering to that plan. "And I remain confident in our ability to leverage our strengths, our scale and the deep experience of our leadership team to navigate through this disruption," he said. Guidance Here's the second-quarter guidance Nike management offered Tuesday: Revenues to decline by a low-single-digits percentage, including a one-point tailwind from foreign exchange. That's roughly in line with the consensus estimate implying a roughly 3.1% year over year decline, according to FactSet. Gross margin to decline approximately 300 basis points to 375 basis points year over year, inclusive of a 175 net headwind from the new incremental tariffs. That's worse than the roughly 225 basis point decline analysts were modeling, but the main difference appears to be the incremental tariffs. SG & A dollars to increase in the high-single digits, balanced between an acceleration of marketing spending— which Nike calls demand creation expenses — and a low-single-digit increase in operating overhead. That's higher than the estimate for flat growth. Overall, we're calling quarterly guidance better than feared, largely due to the tariff headwinds. Outside of the second-quarter figures, the company shared some other updates for the rest of the year that we found quite bullish. Specifically, Nike said its spring order book is up versus last year, with growth led by sport. As a result, the wholesale business is expected to return to modest growth for the full fiscal year. Again, this is welcome news to us because it shows the pivot back to wholesale was the right call. Growth in this channel also makes the decline expected in Nike's direct-to-consumer operations much more tolerable. (Jim Cramer's Charitable Trust is long NKE. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Amazon
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https://www.cnbc.com/2025/09/30/tech-and-health-care-rally-in-a-flat-market-plus-amazons-alexa-gets-smarter.html?&qsearchterm=Amazon
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Tech and health care rally in a flat market — plus, Amazon's Alexa gets smarter
| 2025-09-30T00:00:00 |
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were lower on Tuesday following slight gains for the S & P 500 on Monday. Unless a last-minute funding deal is reached, the federal government will shut down at midnight. As discussed during Tuesday's Morning Meeting , a government shutdown is a bad reason to sell stocks or make changes to your investment strategy. There is no clear trend for what happens to the market during a shutdown. Bank stocks : The financials were one of the hardest hit sectors Tuesday, with the banks rolling over shortly after 10 a.m. ET on consumer confidence falling to a five-month low. As a leading player in the subprime market, customers of Capital One are likely to feel the effects of a slowdown in the economy first. That's why American Express shares were faring slightly better. However, we think the drop of 6% in Capital One shares is an overreaction since the company's credit quality has been steadily improving. The credit card issuer also has plenty of capacity to buy back stock. Tech stocks : The technology trade and AI infrastructure rally continued Tuesday after Meta Platforms and Coreweave signed a $14 billion deal for computing power, and analysts at Citi raised their AI hyperscaler capital spending forecast through 2029. Coreweave jumped more than 12% on the news, while Meta, the one spending, saw its shares fall modestly. Event updates: Amazon announced a bunch of new hardware products at its Devices & Services event. The most anticipated update was the new Alexa+ integrated Echo smart speakers. Alexa+ is Amazon's next-generation personal assistant that's powered by generative AI. Amazon management has touted the capabilities of Alexa+ on previous earnings calls, noting its difference from other generative AI chatbots, like ChatGPT. "The Alexa+ experience is so much better than I think our prior Alexa experience," CEO Andy Jassy said on Amazon's second quarter 2025 earnings call in July. "She is much more intelligent than her prior self. She's much more capable. And, I would say, unlike the other chatbots that are out there today, who are good at answering questions, but really can't take any action for you, Alexa+ can take a lot of action for you, which is very compelling." One of the best outcomes for the Alexa+ is making it simple for customers to buy goods and groceries on Amazon's marketplace. That's how the Amazon flywheel works: the company develops products and services that drive more sales of other offerings. Another development from Tuesday's event was an expanded partnership between Amazon Prime Sports and the betting site FanDuel. The two companies are teaming up to enhance the viewing experience for NBA betters. Healthcare rally : Health care was the top-performing sector Tuesday after Pfizer struck a deal with the Trump administration to lower drug prices and invest in U.S. manufacturing. In response, the president said the drugmaker will be exempt from pharmaceutical tariffs for three years. Other pharma stocks rallied on this news as investors viewed it as a potential blueprint for more deals. The White House said Eli Lilly is in talks to reach an agreement with the administration, especially since it has already announced plans to build several multi-billion-dollar manufacturing plants in the United States. Bristol Myers Squibb should follow in Pfizer's footsteps, too. Interestingly, Danaher was also one of the biggest gainers in the sector — up more than 5%. As a provider of life sciences and biotechnology tools needed to make medicines, it should benefit from all this onshoring/reshoring activity in the pharmaceutical industry. But the timeline for when this activity will meaningfully benefit Danaher's outlook remains uncertain, as it will take years for the new plants to become fully operational. Still, we're encouraged by the relief rally in a stock we added to just last week. Up next: Nike reports earnings after Tuesday's close, and the most important thing we are looking for is continued signs of a turnaround, driven by improvements to innovation, relationships with wholesale partners, and inventory levels. Conagra before the opening bell on Wednesday. On the data side, the schedule for Wednesday includes weekly mortgage applications, ADP's private-sector employment report, and ISM manufacturing. (See here for a full list of the stocks in Jim Cramer's Charitable Trust, including COF, META, AMZN, LLY, BMY, DHR.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Amazon
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https://www.cnbc.com/video/2025/09/30/amazon-touts-alexa-ai-features-new-devices.html?&qsearchterm=Amazon
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Amazon touts Alexa+ AI features, new devices
| 2025-09-30T00:00:00 |
In this video
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Amazon touts Alexa+ AI features, new devices
CNBC's MacKenzie Sigalos reports on Amazon's new devices that have been revamped with Alexa+, the company's personal assistant powered by generative artificial intelligence.
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Amazon
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https://www.cnbc.com/2025/09/30/florence-poirel-left-google-job-in-switzerland-for-mini-retirement.html?&qsearchterm=Amazon
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37-year-old left her $390,000 Google job in Switzerland for an 18-month 'mini retirement'—and may never return to full-time work
| 2025-09-30T00:00:00 |
This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. On Valentine's Day in 2024, Florence Poirel poured champagne in her Zurich apartment with her partner, both longtime Googlers. Her partner, Jan, had just finished a long, stressful day, and their conversation turned to what life might be like if they stopped working altogether. What began as a joke became serious the more they talked, Poirel tells CNBC Make It: "Wouldn't it be great if we were retired? Why don't we just do it? Why not just [take] that next step?" By the end of the night, they had decided to go for it.
Florence Poirel with her partner, Jan. Gabriel Pecot | CNBC Make It
At the time, Poirel was 35 and earning roughly $390,000 a year working for Google in Switzerland. Walking away from that kind of compensation might seem surprising, especially since she lives in one of the most expensive countries in the world. "Saying no to this kind of income can be daunting, for sure," Poirel says. But early retirement had been on her mind for years, having built up $1.5 million in savings and investments, as of January 2024, by setting aside most of her income each month. Describing herself as "risk averse" by nature, Poirel chose to test the waters with what she calls "a mini retirement," with enough cash to cover 18 months of expenses. Now, 18 months later, she hasn't decided when she'll return to work. Days are slower, spent reading, swimming in Lake Zurich or traveling with her partner to places like Brazil and Australia. "I thought I would get bored very easily," the now-37-year-old says. "But now, it's been a year and a half and I still haven't [had] a time of boredom."
From Google promotions to planning an early exit
In 2013, after completing a master's degree in business and economics, Poirel was working in marketing in Belgium. During a ride home at the end of a long week, she told a colleague how unfulfilled she felt with her job. He replied with the French phrase "qui ne tente rien n'a rien" — he who risks nothing has nothing. The words stuck with her. The following Monday, Poirel quit her job. About a month later, she packed her things and moved to Dublin with no job lined up, choosing the city for its reputation as a tech hub. Within the year, she landed a contract position at Google, working in content moderation and safety.
Florence Poirel in her home office. Gabriel Pecot | CNBC Make It
In 2017, she transferred to Google's Zurich office to work as a project manager, where she earned three promotions over the following years. That's where she met Jan, who is 17 years older. The relationship made her start to rethink her long-term plans — especially the idea of waiting decades to retire. "I realized that I could not just wait for retirement to enjoy my time with him because he would be much older at that time," she says. "So that's when I thought, 'OK, now I need to think about how I can retire earlier.'"
Discovering FIRE and going on 'mini retirement'
Faced with the prospect of working decades longer than her partner, Poirel went looking for a way to retire sooner. "I think I literally typed in Google, how can I retire 17 years earlier," she says. That search led her to the FIRE movement, which stands for financial independence, retire early. It gave her both the structure and motivation to start tracking her net worth with a concrete target in mind. She began actively managing her investments using a detailed Excel spreadsheet and sought out promotions to boost her salary, channeling each raise directly into savings.
Florence Poirel walking the shore of Lake Zürich. Gabriel Pecot | CNBC Make It
"People think FIRE is about eating only pasta or cramming into an apartment with 20 flatmates, but that was never my approach," she says. "It never felt like deprivation … it was just how I behaved and how I shopped." By January 2024, she had put away about $1.5 million, and though she wasn't burned out or unhappy at Google, she had already started preparing for life beyond work. "I realized how much time with the people I love is the most important," she says. "Climbing the ladder would have meant more responsibilities, more stress, late meetings — and financially, I didn't need that anymore."
How Poirel spends her money
Poirel and her partner keep their finances separate, splitting shared expenses proportionally — about 35% for her and 65% for him. The split was originally tied to their incomes, but has remained in place since they left their jobs. "We're not married, we don't have joint accounts … having separate finances is very important to keep that independence," she says. "Finances and money is never a stressor in our relationship because from the beginning we had the same mindset on how to manage that as a couple." In May 2025, Poirel's total spending came to about $4,611. Here's how her share of expenses breaks down.
Zoom In Icon Arrows pointing outwards Christina Locopo | CNBC Make It
Rent: $2,187 for her share of the Zurich apartment
$2,187 for her share of the Zurich apartment Discretionary: $1,345 on travel, electronics and pharmacy purchases
$1,345 on travel, electronics and pharmacy purchases Insurance: $497 for health insurance plus her share of liability, home and car coverage
$497 for health insurance plus her share of liability, home and car coverage Food: $378 for groceries and dining
$378 for groceries and dining Utilities: $134 for Wi-Fi, water, heat and electricity
$134 for Wi-Fi, water, heat and electricity Transportation: $30 for train fare
$30 for train fare Phone: $23
$23 Subscriptions and memberships: $18 for Netflix, Sky and Amazon Prime Although rent is by far Poirel's largest expense, the bright Zurich flat, which she calls her "sanctuary," has plenty of sunlight and a view of the lake. Her costs are modest compared with her former $390,000 salary, especially in Switzerland, where she keeps costs down by shopping at discount stores and sticking to simple routines. She and Jan rarely dine out and spend much of their free time outdoors. "We have beautiful mountains. You can hike everywhere for free … you can spend 15 hours hiking a mountain just with your backpack," she says.
Looking ahead
Poirel says that being able to step away from work at 35 was unusual, made possible by a high-paying career in tech that allowed her to save aggressively. While that might not be realistic for many people, she's seen others in the FIRE community achieve financial independence on lower incomes — it just often takes more time or living in a more affordable place. With her 18-month sabbatical coming to an end, Poirel is still weighing her next move. During the break, she's used her freedom to focus on career coaching for women, while also traveling and enjoying time with her partner.
Florence Poirel outside her home in Thalwil, Switzerland. Gabriel Pecot | CNBC Make It
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Amazon
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https://www.cnbc.com/2025/09/30/versant-wnba-media-deal.html?&qsearchterm=Amazon
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Versant adds WNBA media deal to its growing sports portfolio
| 2025-09-30T00:00:00 |
Breanna Stewart, #30 of the New York Liberty, dribbles the ball against Napheesa Collier, #24 of the Minnesota Lynx, in the fourth quarter during Game Three of the WNBA Finals at Target Center in Minneapolis, Minnesota, on Oct. 16, 2024.
Versant has signed a new 11-year media deal with the Women's National Basketball Association, the company announced Tuesday.
The agreement kicks off for the 2026 season and includes at least 50 WNBA games annually and portions of playoff and finals games during select years, the company said.
Versant, the parent company of cable networks and brands soon to be spun off from Comcast , has been rapidly acquiring sports rights and diving deeper into women's sports in particular.
The latest agreement expands upon a previous package between the WNBA and Versant's USA Network signed in 2024. The coverage will include Wednesday night double-headers, a dedicated pregame show and a postgame studio show.
"We're incredibly proud to expand our multi-year partnership with the WNBA," said Matt Hong, president of sports for Versant. "USA Network will be a destination for WNBA viewers all season long, as we showcase the star power across the league."
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Amazon
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https://www.cnbc.com/2025/09/30/cramer-walmart-ceos-ai-warning-is-existential-everyone-needs-to-pay-attention.html?&qsearchterm=Amazon
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Cramer: Walmart CEO's AI warning is 'existential,' everyone needs to pay attention
| 2025-09-30T00:00:00 |
The stark comments from the CEO of Walmart about artificial intelligence have business leaders talking, CNBC's Jim Cramer said Tuesday. "I think we're at a different inflection point," Cramer said on "Squawk on the Street." "I had more people talk about these Doug McMillon comments from Walmart than anything else. That this was seminal. That Doug McMillon, who has terrific tech, who is in a battle with Amazon, is basically saying, 'Listen, we're not hiring more, and we're going to get people to do new things.'" McMillon's remarks surfaced in a Wall Street Journal story over the weekend . "It's very clear that AI is going to change literally every job," McMillon said at a conference hosted at the company's Arkansas headquarters last week, The Journal reported. "Maybe there's a job in the world that AI won't change, but I haven't thought of it," McMillon said, according to the report. As Walmart embraces AI, the company plans to keep the size of its global workforce about the same — at roughly 2.1 million — over the next three years, despite projecting revenue increases during that timeframe, The Journal reported, citing Walmart's chief people officer, Donna Morris. McMillon is not the first prominent chief executive to send a warning shot on AI, which has captivated Wall Street and corporate America following the launch of ChatGPT in late 2022. In a June letter posted on Amazon 's website, CEO Andy Jassy said that he expects AI to reduce the size of the company's corporate workforce in the coming years. Still, Walmart's strategy is causing a stir in Cramer's corner of the business community. "I've spoken with a bunch of retailers in the last 24 hours. ... Everyone is surprised," Cramer said. "Doug McMillon, it's existential what he said." Not just for business leaders, Cramer argued, but also for policymakers at the Federal Reserve who are responsible for fostering full employment in the U.S. economy. "[Fed officials] better start thinking about AI more. They're left out," Cramer said. The threat of AI disrupting the labor market comes at a time when the Fed is worried about a slowdown in hiring. At the central bank's post-meeting press conference in mid-September, Fed Chairman Jerome Powell was asked whether he bought into the idea that AI adoption was already having an effect. 'There's great uncertainty around that," Powell said. "I think my view — which is also a bit of a guess, but widely shared I think — is that you are seeing some effects, but it's not the main thing driving it. ... It may be that companies or other institutions that have been hiring younger people right out of college are able to use AI more than they had in the past. That may be part of the story. It's also part of the story, though, that, you know, job creation more broadly has slowed down. The economy has slowed down. And so it's probably a number of things." Disclosure: Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Amazon.
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Amazon
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https://www.cnbc.com/2025/09/30/amazon-alexa-echo-price.html?&qsearchterm=Amazon
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Amazon's new Echo devices designed for Alexa+ start at $99
| 2025-09-30T00:00:00 |
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT
Daniel Rausch, vice president of Alexa and Echo, announces the Echo Studio and Echo Dot Max during an Amazon event showcasing new products in New York City, U.S., September 30, 2025. Kylie Cooper | Reuters
Amazon on Tuesday unveiled four new smart speakers and voice-activated displays that are revamped with Alexa+, its personal assistant that's powered by generative artificial intelligence. The company debuted the Echo Dot Max, a revamped version of its compact smart speaker, which costs $99.99. Amazon also unveiled a new Echo Show 8 and Echo Show 11, priced at $179.99 and $219.99, respectively. There's also a new version of the Echo Studio, a larger, higher-end model with a more powerful speaker, priced at $219.99. All the devices are available for preorder on Tuesday, and users will get Alexa+ early access "out of the box," Amazon said. The Echo Dot Max and Echo Studio ship Oct. 29, while the Echo Show 8 and Echo Show 11 ship Nov. 12.
The devices were launched at Amazon's fall hardware bonanza, held in New York. They're the first batch of revamped products under the leadership of Panos Panay, a former Microsoft hardware leader who joined Amazon in 2023. It's also the first set of Amazon hardware to integrate the company's long-awaited Alexa+, which debuted in February and has slowly rolled out in early access for some users. "These are the most powerful Echo devices we have ever created," Panay said on stage at the event. "Custom silicon, advanced sensors, our best microphones and sound, noise cancellation, understanding the user, faster than anything we've ever delivered before. They're also beautifully designed to fade into the background." Alongside a revamped look, Amazon added new AZ3 and AZ3 Pro chips for edge processing to the devices, which are faster, more powerful and have "AI built right in," said Daniel Rausch, the head of Amazon's Alexa and Echo businesses.
Panos Panay, head of Amazon's Devices and Services team, introduces Echo during an Amazon product event in the Manhattan borough of New York City on September 30, 2025. Amazon announced its next generation of Kindle, Ring, Blink, Fire TV, and Echo devices. Charly Triballeau | Afp | Getty Images
The devices also feature a so-called Omnisense platform that gives Alexa "better contextual awareness," Rausch said. It allows the Echo Show to be able to recognize users and serve up personalized insights, like an analysis of how they slept last night or alert users if they left their front door unlocked after midnight. Amazon faces growing pressure to update its hardware and software for the generative AI age following the success of rivals such as OpenAI's ChatGPT and Google's Gemini. Meta also has its Ray-Ban Meta glasses, which use its Llama large language model to answer spoken questions from the user. Amazon is also looking beyond Alexa or Echo smart speakers for opportunities in device growth. The company in July confirmed it's acquiring AI wearables startup Bee, which makes a wristband that can record and transcribe conversations.
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Amazon
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https://www.cnbc.com/2025/09/30/amazon-prime-fanduel-real-time-nba-betting-updates.html?&qsearchterm=Amazon
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Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games
| 2025-09-30T00:00:00 |
DeMar DeRozan #10 of the Sacramento Kings is defended by Jose Alvarado #15 of the New Orleans Pelicans during the second half of a game at the Smoothie King Center on February 12, 2025 in New Orleans, Louisiana.
Basketball fans watching on Prime Video this season will be able to track their wagers through an expanded partnership between Amazon and Flutter- owned FanDuel, the exclusive odds provider of the NBA and WNBA on Prime.
Bettors will be able to link their FanDuel accounts to their Prime Video profiles and see how their wagers are playing out in real time, Amazon announced Tuesday. Users can track progress on parlays and check wins and losses. The new feature doesn't permit bets to be placed directly on Prime Video.
A separate overlay option, called OddsView, will update odds, lines, probabilities, moneylines, spreads and game props all in real time in what Amazon is calling an "immersive" experience. It'll be available for all NBA games on Amazon Prime Video.
FanDuel's president of sports, Mike Raffensperger, called it "a significant milestone in how we connect with basketball fans."
Former LA Clipper Blake Griffin, who will serve as an analyst for NBA on Prime, will also became an ambassador for FanDuel's NBA offering. Griffin will be featured across FanDuel campaigns as well as in on-air integrations, social media and live events.
For Prime Video, it's another extension of how it serves up sports and looks to gain more viewers with features and enhancements.
"Since Day 1, we've challenged ourselves to invent features that heighten, customize and add storytelling elements for fans within the live sports experience," said Jay Marine, head of Prime Video U.S. and global sports and advertising, in a release. "As we tip off this long-term relationship with the NBA, we're excited to launch a best-in-class bet tracking experience with FanDuel, as well as a wide-ranging suite of broadcast innovations to enhance Prime Video's comprehensive NBA offerings."
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Microsoft
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https://www.cnbc.com/2025/10/01/microsoft-makes-co.html?&qsearchterm=Microsoft
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Microsoft sales chief Althoff gets new role as CEO of company's commercial business
| 2025-10-01T00:00:00 |
President of Microsoft North America Judson Althoff speaks on stage during We Day at KeyArena on April 23, 2015 in Seattle, Washington.
Microsoft 's top-ranking sales leader, Judson Althoff, has been promoted to a bigger role as CEO of the company's commercial business.
Satya Nadella, Microsoft's CEO, wrote in a memo on Wednesday that marketing and operations will move under Althoff's organization. Most of Microsoft's revenue comes from commercial offerings such as productivity software subscriptions and cloud-based Nvidia chips for running artificial intelligence models.
"Our success depends on enabling commercial and public sector customers and partners to combine their human capital with new AI capabilities to change the frontier of how they operate," Nadella wrote in the email. "To accelerate this, we will increasingly need to bring together sales, marketing, operations, and engineering to drive growth and strengthen our position as the partner of choice for AI transformation."
Althoff, who joined from Oracle as president of Microsoft's North America business in 2013, was already among Microsoft's highest-paid executives, receiving over $23 million in total pay in the 2024 fiscal year. His most recent title was executive vice president and chief commercial officer.
Under Nadella, who replaced Steve Ballmer as CEO in 2014, Microsoft has more frequently used the CEO title for select executives.
LinkedIn has had a CEO since Microsoft acquired the company in 2016. Last year Microsoft hired Mustafa Suleyman, a co-founder of the DeepMind AI lab now owned by Google, and made him CEO of a group called Microsoft AI that includes Bing. And GitHub, which Microsoft bought in 2018, had a CEO until last month, when Thomas Dohmke left the company.
WATCH: Cramer's Mad Dash: Microsoft
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Microsoft
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https://www.cnbc.com/2025/10/01/microsoft-365-premium-bundle-ai-copilot.html?&qsearchterm=Microsoft
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Microsoft launches AI and productivity software bundle for consumers
| 2025-10-01T00:00:00 |
Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company's world-leading operating system.
Microsoft said Wednesday that it will stop promoting a consumer subscription for artificial intelligence services and introduced a bundle blending AI features with traditional productivity apps.
The software company introduced Copilot Pro at $20 per month in early 2024. Microsoft 365 Family, which allows for up to six users and 6 terabytes of cloud storage, goes for $12.99 each month. The new Microsoft 365 Premium tier essentially combines both and will cost $19.99 a month.
"Other AI tools stop at chat — we deliver that plus so much more," Yusuf Mehdi, Microsoft's consumer marketing leader, wrote in a statement provided to CNBC.
Microsoft is not discontinuing Copilot Pro, a spokesperson said.
Technology companies have been trying to capitalize on the broad interest in tapping generative AI models to compose documents and create videos.
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Microsoft
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https://www.cnbc.com/2025/10/01/microsoft-price-hike-xbox-game-pass-ultimate.html?&qsearchterm=Microsoft
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Microsoft hikes price of top-tier Xbox Game Pass Ultimate by $10
| 2025-10-01T00:00:00 |
Microsoft is raising the Xbox Game Pass Ultimate subscription price by 50% to $29.99 per month, effective immediately, the company announced Wednesday.
The $10 spike comes with a slew of changes to all its Game Pass plans, though its Essential and Premium plans will remain the same price at $9.99 and $14.99, respectively.
The Game Pass Core tier will no longer exist and instead will be rolled into the Essential tier, while Standard subscribers will move to the Premium tier.
"As we continue to evolve Xbox Game Pass, we're focused on delivering more value, more benefits, and more great games across every plan," the company said in a release. "Whether you play on console, PC, cloud – or all three – there's a Game Pass option designed to fit your playstyle."
The new Ultimate tier would cost $359.88 over the course of a year, with the Premium tier at $179.88 yearly and the Essential tier at $119.88 yearly.
Comparatively, PlayStation Plus Premium's highest tier is set at $159.99 annually, with the Extra tier at $134.99 and the Essential tier at $79.99.
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Microsoft
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https://www.cnbc.com/video/2025/10/01/microsoft-ceo-satya-nadella-relinquishes-some-duties.html?&qsearchterm=Microsoft
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Microsoft CEO Satya Nadella relinquishes some duties
| 2025-10-01T00:00:00 |
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Microsoft
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https://www.cnbc.com/2025/09/26/trump-calls-for-the-firing-of-lisa-monaco-microsoft-president-of-global-affairs.html?&qsearchterm=Microsoft
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Trump calls for the firing of Lisa Monaco, Microsoft president of global affairs
| 2025-09-26T00:00:00 |
U.S. Deputy Attorney General Lisa O. Monaco speaks as Attorney General Merrick Garland looks on after announcing an antitrust lawsuit against Live Nation Entertainment during a press conference at the Department of Justice in Washington, U.S., May 23, 2024.
President Donald Trump on Friday demanded that Microsoft fire Lisa Monaco, an executive who served as deputy attorney general during the Biden administration.
The request appeared on Trump's Truth Social account, which has 10 million followers. It comes one day after former FBI Director James Comey was indicted, days after Trump pushed to prosecute him.
"She is a menace to U.S. National Security, especially given the major contracts that Microsoft has with the United States Government," Trump wrote in the post. "Because of Monaco's many wrongful acts, the U.S. Government recently stripped her of all Security Clearances, took away all of her access to National Security Intelligence, and banned her from all Federal Properties."
Microsoft declined to comment.
Parts of the U.S. government use Microsoft's cloud infrastructure and productivity software. Earlier this month, Microsoft agreed to offer $3.1 billion in savings in one year on cloud services for agencies to use.
Earlier on Friday, Fox Business anchor Maria Bartiromo published an X post about Monaco joining Microsoft. The appointment happened in July, according to Monaco's LinkedIn profile. The post contained a link to a July article on the University of Chicago law school's website.
On Thursday, Microsoft said it would cut off cloud-based storage and artificial intelligence subscriptions to a unit of the Israeli military, after investigating a claim that the division had built a system to track Palestinians' phone calls.
On Monday, Trump is set to meet with Benjamin Netanyahu, Israel's prime minister, NBC News reported.
Microsoft CEO Satya Nadella attended a dinner alongside other technology executives at the White House earlier this month.
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Microsoft
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https://www.cnbc.com/2025/09/26/top-pick-microsoft-has-room-to-run-as-ai-efforts-gain-traction-morgan-stanley-says.html?&qsearchterm=Microsoft
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Top pick Microsoft has room to run as AI efforts gain traction, Morgan Stanley says
| 2025-09-26T00:00:00 |
Microsoft's efforts to meet the demands of the AI boom may be slow-going, but the technology company is still slated to notch impressive growth from its ties to the industry, as well as from several of its enterprise solutions, according to Morgan Stanley. The investment firm, which has an overweight rating on shares, raised its price target for Microsoft to $625 from $582, implying 18.9% upside. The bank also named Microsoft a top pick. "Sustained momentum on the top-line [and] better appreciation of the breadth of growth drivers…should drive shares toward our upwardly revised $625 price target," Morgan Stanley analyst Keith Weiss said Friday in a note to clients. Microsoft is poised to grow, in large part, due to its Azure cloud computing platform's growth amid an enterprise spending boom. In one survey, 49% of CIOs cited Azure as the likely top IT budget share gainer over the next three years, according to Morgan Stanley. MSFT YTD mountain MSFT year to date The cloud computing platform also grew 39% in constant currency year over year, the note showed. Microsoft's cloud is also uniquely positioned to benefit from AI-industry tailwinds, the analysts noted. "With its integration of the OpenAI model family, Microsoft has already gained a large group of new commercial applications," Weiss wrote, adding that many enterprise software and internet vendors have integrated their solutions with the AI maker's Chat GPT. "With AI workloads set to become a larger portion of cloud spend and driving an increase in the percentage of workloads in the cloud higher, Azure is well positioned to benefit," he added. The analyst also noted that Microsoft, unlike Amazon, can serve a wider variety of clients across the Cloud market. Microsoft serves as Switzerland in the Cloud market, and does not compete with customers like Amazon does in Retail, Healthcare, Logistics, Entertainment, etc., he wrote. "This competitive dynamic creates a market preference to utilize a more independent cloud provider." Morgan Stanley's call falls in line with most analysts on the Street. Of the 64 Wall Street shops that have initiated coverage on Microsoft, 60 have a buy or strong buy rating on the stock, per LSEG. Microsoft shares edged down 0.61% in pre-market trading on Friday. The stock has risen roughly 20% year to date. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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Microsoft
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https://www.cnbc.com/2025/09/25/microsoft-cuts-cloud-services-to-israeli-military-after-investigation.html?&qsearchterm=Microsoft
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Microsoft cuts off cloud services to Israeli military unit after report of storing Palestinians' phone calls
| 2025-09-25T00:00:00 |
Microsoft President Brad Smith, left, speaks at a press conference on future visions for the development and application of artificial intelligence in education in North Rhine-Westphalia at the Representation of the State of North Rhine-Westphalia in Berlin on June 4, 2025. To his right is Hendrik Wüst (CDU), Minister President of North Rhine-Westphalia, in front of the sign "From coal to AI."
Microsoft said Thursday that it has stopped providing certain services to a division of the Israeli Ministry of Defense. The company did not say which specific services it had stopped providing.
The decision comes after the software company investigated an August report from The Guardian saying the Israeli Defense Forces' Unit 8200 had built a system for tracking Palestinians' phone calls.
"While our review is ongoing, we have found evidence that supports elements of The Guardian's reporting," Brad Smith, Microsoft's president and vice chair, wrote in an email to employees. "This evidence includes information relating to IMOD consumption of Azure storage capacity in the Netherlands and the use of AI services."
Microsoft's decision to stop providing those services follows pressure from employees who have protested Israel's use of the company's software as part of its invasion of Gaza. Over the last few weeks, Microsoft has fired five employees who participated in protests at company headquarters in Redmond, Washington.
The move comes a week after a United Nations commission said that Israel has committed genocide against Palestinians with its invasion of Gaza.
Microsoft told Israeli defense officials that it had decided to disable cloud-based storage and artificial intelligence subscriptions the agency was using, Smith wrote. He said Microsoft does not look at customer data for the type of review it conducted, and he thanked the British newspaper for its reporting on the development.
"As employees, we all have a shared interest in privacy protection, given the business value it creates by ensuring our customers can rely on our services with rock solid trust," Smith wrote.
On Thursday The Guardian reported that unnamed intelligence sources had said Unit 8200 was planning to migrate its supply of the phone calls to Amazon Web Services, the market-leading public cloud. AWS did not immediately comment.
WATCH: Israel's global standing is 'desperately at risk because of the suffering of Palestinian civilians,' says Sen. Chris Coons
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Microsoft
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https://www.cnbc.com/2025/09/26/home-depot-and-microsoft-are-named-top-picks-at-street-firms-heres-why-.html?&qsearchterm=Microsoft
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Home Depot and Microsoft are named top picks at Street firms — here's why
| 2025-09-26T00:00:00 |
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update : Stocks are higher on Friday, but the S & P 500 is still on pace for a weekly decline. There was some brief volatility in the early morning over concerns of an upcoming government shutdown, but the market rightfully shrugged off the headlines. Top picks: Two stocks in the portfolio were named top picks on Friday. Morgan Stanley replaced Atlassian with Microsoft as its favorite bet in software and raised the price target to $625 from $582. The analyst pointed out how the stock has been mostly flat since the software company reported strong quarterly results with an acceleration in Azure growth and provided upbeat forward guidance, but has lagged due to uncertainty around its OpenAI relationship, the durability of Azure growth, Agentics potential threat to Microsoft's productivity app positioning, and questions about the right multiple to pay for the stock. Still, Morgan Stanley said "sustained momentum on the top-line, better appreciation of the breadth of growth drivers and resolution of uncertainty around the OpenAI relationship" should push shares to their new $625 price target. Shares of Microsoft may have had a rough third quarter, but we agree it's time for the stock to regain its momentum. Home Depot was added to JPMorgan's analyst focus list as a growth idea. The analysts predict four first-half of 2026 factors that will drive upside to consensus estimates for the home goods retailer. They include solid wage growth and rising replacement cycles, incremental benefits from net inflation, growth in existing home sales, and tax stimulus for mid- to high-income consumers. If Home Depot has a positive earnings revision cycle, JPMorgan says its price-to-earnings multiple could expand to 28 to 30 times (from about 26 times today) on $17 earnings per share. We would like to see the yield on the 10-Year Treasury behave, which would keep mortgage rates down and lead to greater confidence in the existing home sales market. Next week: Nike, which we added to the portfolio on Friday, reports quarterly results on Tuesday after the closing bell. Jefferies Financial Group, another key earnings report, is out on Monday. We're getting closer to big bank earnings, and Jefferies' results always provide insights into the state of investment banking activity. We'll also learn more about the employment picture, with the job openings and labor turnover survey (JOLTS), ADP payrolls, and the all-important non-farm payroll report for September. The Federal Reserve is trying to balance upside risks in inflation with downside risks in the labor market, making this jobs report key to future monetary policy decisions. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Amazon
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https://www.cnbc.com/2025/10/01/amazon-grocery-under-5-dollars.html?&qsearchterm=Amazon
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Amazon launches 'price-conscious' grocery brand with most products under $5
| 2025-10-01T00:00:00 |
"During a time when consumers are particularly price-conscious, Amazon Grocery delivers more than 1,000 quality grocery items across all categories that don't compromise on quality or taste – from fresh food items to crave-worthy snacks and pantry essentials – all at low, competitive prices that help customers stretch their grocery budgets further," Jason Buechel, Amazon's vice president of worldwide grocery, said in a statement.
The brand is called Amazon Grocery and includes more than 1,000 items, ranging from dairy, fresh produce, meat and seafood to snacks and baking essentials, the company said in a release . Amazon said the new offering unites its Happy Belly and Amazon Fresh brands under one label.
Amazon on Wednesday expanded its private-label grocery lineup with the launch of a new brand aimed at "price-conscious" shoppers, with most products priced under $5.
Grocers and retail stocks slumped following Amazon's announcement. Albertsons dropped more than 2%, while Walmart , Kroger , Costco and Target all fell about 1%.
It's not the first time Amazon has experimented with a budget-friendly grocery brand. It launched a similar offering last September, called Amazon Saver, that was "focused on value."
The move comes as Amazon's grocery business has been in flux.
The company has continued to streamline its chain of Go cashierless convenience stores and Fresh supermarkets, announcing last week that it will close all of its locations in the U.K.
At the same time, Amazon CEO Andy Jassy and other company executives have touted the success of sales of "everyday essentials" within its online grocery business, which refers to items such as canned goods, paper towels, dish soap and snacks.
The company last month expanded same-day delivery of fresh foods to more pockets of the U.S. as it looks to encourage shoppers to add meat and eggs to their order while they're browsing its sprawling online store.
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Amazon
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https://www.cnbc.com/2025/09/30/amazon-devices-alexa-echo-kindle.html?&qsearchterm=Amazon
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It's Amazon's turn to show off new devices: All eyes on Alexa+, Echo and Kindle
| 2025-09-30T00:00:00 |
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025.
Amazon is hosting a launch event on Tuesday where it's expected to unveil significant updates to its devices lineup.
The event is slated to kick off at 10 a.m. ET and will feature announcements from Panos Panay, who oversees Amazon's sprawling devices and services business.
Invites sent to the media and analysts earlier this month showed what appeared to be an Echo smart speaker, Fire TV, Ring doorbell button and a Kindle e-reader, suggesting what could be in store at the event.
Amazon CEO Andy Jassy said in a Bloomberg TV interview earlier this year that a "brand new lineup of devices" compatible with Alexa+ would be coming this fall.
Reviews for the company's upgraded assistant, which is powered by generative artificial intelligence, have been mixed.
Ohio resident and IT manager Jeff Finlay, 61, got access to Alexa+ in late June after applying to the beta program in March. Finlay, who has seven Echo devices in his home, said he feels Alexa+ has "worsened some of the functions I was used to using it for."
He said Alexa+'s weather forecasts don't seem to be as informative as previous iterations offered through the original Alexa assistant, called Big Sky.
Wired wrote in July that the new Alexa seems to be a more skilled and natural conversationalist, which "is a relief after years of Alexa's robotic tones." But TechCrunch noted in August that the service was prone to making mistakes and stumbled on some requests, making it seem "very much like a beta product."
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Amazon
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https://www.cnbc.com/2025/09/30/ring-founder-ai-amazon-doorbell-police.html?&qsearchterm=Amazon
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Ring founder 'backs the blue,' says AI is helping Amazon-owned doorbell unit fight crime
| 2025-09-30T00:00:00 |
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT
Jamie Siminoff, founder of Ring, speaks during an Amazon product event in the Manhattan borough of New York City on Sept. 30, 2025. Charly Triballeau | AFP | Getty Images
In 2023, Jamie Siminoff called up Amazon 's former devices boss, Dave Limp, to say he was stepping down from leading the video doorbell company he sold to the e-commerce giant for $839 million in 2018. Siminoff, who started Ring in 2013, said Limp and Amazon offered him the opportunity to work elsewhere at the company, but he declined. "I said, 'I think I have to leave,'" Siminoff recalled in an interview on Friday. "I don't think I can be half in. I'm either all in or I'm all out." He wasn't gone for long. In April, Siminoff announced his return to Ring, replacing Liz Hamren, a former Microsoft and Discord executive whom Amazon had hired to succeed him. Now that he's back at the helm, Siminoff says he's restoring Ring's original mission, to "make neighborhoods safer." And now his team has even more artificial intelligence technology at its disposal to supercharge those efforts. Siminoff took the stage Tuesday at Amazon's annual hardware event in New York to debut new Ring cameras, along with a feature called Search Party that uses AI to identify potential matches in camera footage. It's aimed at "reuniting lost dogs" with their families, but Siminoff said there could be other applications in the future.
During Hamren's two-year tenure, Ring moved to adopt a softer, more whimsical image marked by silly videos of backyard animal encounters and family-friendly hijinks. It also removed a tool widely criticized by civil liberties and privacy advocates that let police request doorbell footage from users in its neighborhood watch app. Siminoff, 48, said Ring's cameras have many uses, including keeping an eye on pets and loved ones. Siminoff is based in Los Angeles and has two dogs, a Belgian Malinois and a Chihuahua. "I'm focused on: How can I get the highest density of camera coverage in a neighborhood matched with AI to make neighborhoods safer?" he said. "It's not just hard crime." Ring is part of Amazon's vast devices and services division, which is overseen by Panos Panay, a former Microsoft hardware leader who joined the company in 2023. Beyond Ring, the unit spans Amazon's Zoox robotaxis, Kindle e-readers, Echo devices and Kuiper, the company's internet satellite service. Ring's security cameras typically start at $50 and range in price depending on coverage. Users can also pay up to $20 a month for its subscription service that lets them continuously record and access more cloud storage, among other features.
'It was terrible'
Siminoff said a personal encounter with violence played a part in his return. Several months earlier, Siminoff said he witnessed a shooting at a laundromat in South Central Los Angeles that left him feeling shaken. "It was terrible," Siminoff said through tears. "Kids are crying, it's a whole f****** scene."
Ring CEO Jamie Siminoff unsuccessfully pitched his company on ABC's "Shark Tank" in 2013 before returning to the show as a guest judge. Eric McCandless | Contributor | Getty Images
The incident reaffirmed his belief in Ring's mission and its potential to aid law enforcement officers when they "don't have time to go door to door," he said. Those relationships with police have been controversial over the years. Amazon claimed a Los Angeles Police Department pilot program in 2015 found that Ring's doorbells reduced burglaries in neighborhoods "by as much as 55%," according to a 2018 release. But reports from several outlets have disputed whether Ring cameras lead to a decrease in crime. Privacy advocates have expressed concern that the company's cameras and accompanying Neighbors app have heightened the risk of racial profiling and turned residents into informants, with few guardrails around how law enforcement can use the material. Siminoff, who said he's "pro public safety" and "backs the blue," said he felt some of the coverage of Ring's video-request feature for police was unfair or inaccurate. "That's the stuff that irks me," Siminoff said, referring to the claim that Ring gives camera access to police. "We allow them to request footage from people in a super privacy centric, anonymous way that keeps their privacy. But that's not a good headline," he added.
Devin Hance | CNBC
A few weeks after Siminoff's return, Ring reintroduced its community request tool through a partnership with Axon Enterprise , the maker of Tasers and police body cameras. Police can solicit footage from Ring cameras through Axon's online evidence management system, and users can choose whether or not to share it. "I don't think we should be working directly with police," Siminoff said. "It's not the business we're in in any way." Siminoff said Ring, which is profitable, is exploring other potential growth areas, such as security solutions for small- and medium-sized businesses. Ring isn't currently exploring offering up its tech to a more homegrown customer — its sprawling parent company. At least when it comes to sticking its cameras in Amazon delivery vans or warehouses. Siminoff has considered it, but "then you realize it's just a distraction," he said. "Amazon's so big you could probably do something for everything." WATCH: Amazon comments on $2.5 billion settlement with FTC
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Amazon
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https://www.cnbc.com/select/bilt-rent-day-october-2025/?&qsearchterm=Amazon
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Bilt Rent Day October 2025: redemption bonus at Amazon, free fitness classes, neighborhood events and more
| 2025-09-29T20:06:26 |
Check out details for Bilt's October Rent Day offers and how you can take advantage of all the perks.
Just like in every month, Bilt Mastercard ® holders can earn double points on all non-rent spending with their card on the first day of the month. Bilt is also offering several neighborhood events and benefits in various cities, including free fitness classes, paid dining and comedy experiences and free stromboli at the Bilt Neighborhood Cafe on Rent Day.
Bilt Rent Day is here again, and this month all Bilt Rewards members can get a redemption bonus of up to 50% when using Amazon's Shop With Points on Oct. 1. Select members can also get a redemption bonus of up to 75% when redeeming their points toward rent through a targeted offer. But these two offers may not be as good as they sound, for reasons we'll explain later.
Earn 1x points on rent payments without the transaction fee, up to 100,000 points each calendar year, 3x points on dining, 2x points on travel, and 1x points on other purchases. Use the card 5 times each statement period to earn points.
How much your points could be worth with the Rent Day bonus depends on your Bilt status:
On Oct. 1, Bilt members can receive a redemption bonus of between 20% and 50%, depending on their Bilt status, when redeeming points through Shop With Points at Amazon.com . This redemption bonus increases the value of your points, which are normally worth 0.7 cents apiece when redeeming for Amazon purchases.
To take advantage of this offer, you'll first need to link your Bilt account to your Amazon account at https://amazon.com/biltrewards. When you check out on Amazon, you can choose "Use Bilt Points" as your payment method and opt to cover some or all of the cost with Bilt points.
As long as you make your purchase between 12 a.m. ET and 11:59 PT on Oct. 1, 2025, you'll automatically receive the increased value.
For select Bilt members only: rent credit redemption bonus
In addition to the Amazon redemption bonus available to all members, select members can also get a redemption bonus of up to 75% when redeeming their points toward a rent credit.
If you're targeted for this offer, you'll see the details — including the exact bonus rate you're eligible for — in the Bilt app or on the Bilt website. Redeeming points towards a rent credit normally gets you 0.55 cents per point, so your points could be worth up to 0.96 cents apiece with the maximum bonus.
This offer is valid from 9:00 a.m. ET on Sept. 25, 2025, through 11:59 PT on Oct. 1, 2025, for members who receive the offer in their account. Eligible members can take advantage of this offer multiple times during the offer period.
Should you take advantage of the Amazon and rent redemption bonuses?
If you were already planning to redeem your points for Amazon purchases or rent, these redemption bonuses are a nice perk that gives you a little more bang for your points. But even with these bonuses, Shop With Points on Amazon and rent credits still aren't the best ways to spend your Bilt points.
Even with the highest bonus—which requires $50,000 in eligible spending or 200,000 in total points earned per calendar year to reach Platinum status—you'd be getting about or less than one cent per point in redemption value. Realistically, most Bilt members will get far less.
By contrast, the following redemption options offer equal or better value for your points and are always available:
Transferring to travel partners: you can transfer Bilt points at a (mostly) 1:1 ratio to Bilt's 22 hotel and airline partners, then use those points to book free flights and hotel stays through the partner's own loyalty program. The value you'll get for your points varies by redemption, but it's relatively easy to get one to two cents per point and potentially much more if you find a good deal.
you can transfer Bilt points at a (mostly) 1:1 ratio to Bilt's 22 hotel and airline partners, then use those points to book free flights and hotel stays through the partner's own loyalty program. The value you'll get for your points varies by redemption, but it's relatively easy to get one to two cents per point and potentially much more if you find a good deal. Travel through Bilt Travel: points are worth a fixed 1.25 cents apiece when used to book hotels and flights through the Bilt Travel portal.
points are worth a fixed 1.25 cents apiece when used to book hotels and flights through the Bilt Travel portal. Down payment on a home: points are worth 1.5 cents apiece when you redeem them toward a down payment on a house. This option requires you to provide documentation showing you're in the process of buying a home.
points are worth 1.5 cents apiece when you redeem them toward a down payment on a house. This option requires you to provide documentation showing you're in the process of buying a home. Student loan payments: points are worth one cent apiece when used to pay an eligible student loan balance. To access this redemption option, you first need to link your student loans to your Bilt account.
Bilt points are one of the most valuable rewards currencies out there, and using them on a rent credit or shopping at Amazon is generally considered suboptimal. The October Rent Day redemption bonus, while a small boost, doesn't change that. But if none of the above redemption options appeal to you, or if you really want to use your points to cover an Amazon purchase or your rent this month, then you'll be best off doing it on Oct. 1.
Earn double points
On the first day of every month, Bilt Mastercard® holders earn double points on all non-rent purchases. Cardholders can earn up to 1,000 bonus points from 12:00 a.m. ET through 11:59 p.m. PT on Oct. 1.
The bonus earnings for that day are:
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Amazon
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https://www.cnbc.com/2025/09/29/hertz-amazon-auto-dealers.html?&qsearchterm=Amazon
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Why the Hertz-Amazon deal poses threats to auto dealers
| 2025-09-29T00:00:00 |
The recently announced partnership between Hertz and Amazon Autos will make it easier for rental car companies to offload their own cars directly to consumers, but it could cut into a historical source of profit for car dealerships, auto industry analysts said.
The announcement that the car rental company would be teaming up with the e-commerce giant sent Hertz shares soaring. Hertz already sells most of its fleet directly to consumers — it lists them on its own website and on others, and sells them on Carvana .
But selling its rental fleet directly to consumers is a key piece of Hertz's turnaround plan.
"It's an important part of the business, right?" said Chris Woronka, a Deutsche Bank analyst. "They resell a couple hundred thousand cars every year, just in the U.S. We're talking about several billion dollars worth of inventory that gets resold. Obviously the name of the game is to resell it at the highest price possible."
Amazon provides another channel for that. The e-commerce giant first announced it was entering car sales in 2023, through a partnership with Hyundai dealers, which it has since expanded.
Shoppers on Amazon can secure financing and fill out paperwork, but they have to still head to a lot to pick up the car. In the U.S., new car sales are governed by laws protecting dealers against direct sales, though some companies such as Tesla , Lucid , and Rivian have found a way to sell directly to the public by opting not to have any dealers in the first place.
The Hertz partnership is essentially the same as the Hyundai tie-up. So far, Amazon is keeping no inventory of its own. Instead, it is providing the software to execute sales online through its own website.
It is quite a different way of doing things than Amazon — which is known for keeping warehouses of goods — is used to.
"Amazon, ironically enough, has been trying for 15 or 20 years to get into the automotive retail segment," said Steve Greenfield, a general partner at Automotive Ventures, which invests in mobility companies. "Ultimately, what's giving them heartburn consistently is the fact that with any other product category, they can control the unpacking experience. When a box lands on your doorstep, they know exactly what you're unpacking. With automotive retail. It's totally different. That last mile is fulfilled at a dealership where they have almost zero visibility and zero control of the unpacking experience."
But John Possumato, a former Chrysler Plymouth dealer and entrepreneur, said the Hertz-Amazon partnership should give dealers reason to worry.
In an open letter to the National Automobile Dealers Association, Possumato said rental companies like Hertz can buy cars in bulk, which qualifies them for discounts. This enables the company to sell cars for less than a dealer can afford. That's been an issue in the past, Possumato said. Hertz already runs 45 retail lots around the United States.
But the digital era supercharges the problem, he said.
"You have Amazon, the biggest merchandizer retailer in the country, and you've got the biggest or one of the biggest rental fleets, and they're pairing together to sell these cars," he said.
Watch the video to learn more.
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Amazon
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https://www.cnbc.com/video/2025/09/29/heres-how-the-amazon-hertz-deal-could-threaten-dealers.html?&qsearchterm=Amazon
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Here's how the Amazon-Hertz deal could threaten dealers
| 2025-09-29T00:00:00 |
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Here's how the Amazon-Hertz deal could threaten dealers
Hertz's partnership with Amazon is another step in the e-commerce giant’s march into auto sales. Hertz wants to sell cars directly to consumers. But the broader shift toward direct online sales could spell trouble for dealerships, even large ones such as AutoNation, Group1, Sonic Automotive, Penske, and Asbury. Wholesale auction companies such as Manheim and AVC are also liable to be watching the deal, as direct to consumer sales could threaten their inventories.
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Broadcom
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https://www.cnbc.com/2025/09/29/broadcom-nvidia-among-the-stocks-showing-notable-insider-sales.html?&qsearchterm=Broadcom
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Broadcom, Nvidia among the stocks showing notable insider sales
| 2025-09-29T00:00:00 |
Several technology giants have seen insider sales over the past week as the tech-heavy NASDAQ Composite continues to hover within striking distance of its record high. Insiders at companies including Broadcom , Nvidia and Strategy offloaded millions of dollars worth of shares this month, according to a raft of disclosures filed with the U.S. Securities Exchange Commission. Here's what executives sold (percentages as of Friday's close): Broadcom (AVGO) CEO Hock Tan sold 100,000 shares at an average price of $339.58 for a total of $34 million. Shares are up 28% over the prior three months. Ross Stores (ROST) CEO James Grant Conroy sold 39,400 shares at an average price of $146.00 for a total of $5.7 million. Shares are up 17% over the prior three months. Gap Inc (GAP) Director Robert Fisher sold 500,000 shares at an average price of $22.90 for a total of $11.4 million. Shares are up 7% over three months. Oklo (OKLO) Director Michael Stuart Klein sold 50,000 shares at an average share price of $133.76 for a total of $6.7 million. Shares are up 150% over the prior three months. Nvidia (NVDA) Director Mark Stevens sold 350,000 shares at an average price of $176.39 for a total of $61.7 million. Shares are up 23% over the prior three months. Director Harvey Jones also sold 250,000 shares at an average price of $176.21 for a total of $44.1 million. Shares are up 21% over the prior three months. Strategy (MSTR) EVP & General Counsel Wei-Ming Shao sold 10,000 shares at an average price of $355.79 for a total of $3.6 million. Transaction included exercising options that expire in 2032. Shares are down 5% over the prior three months. Ciena (CIEN) Director Bruce Claflin sold 8,500 shares at an average price of $140.12 for a total of $1.2 million. Shares are up 74% over the prior three months. AutoZone (AZO) VP John Scott Murphy sold 2,900 shares at an average price of $4,180 for a total of $11.9 million. Transaction included exercising options that expire in 2026 and 2027. Shares are up around 20% over the prior three months.
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Broadcom
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https://www.cnbc.com/2025/09/15/broadcom-will-outperform-thanks-to-dominance-in-the-specialized-chip-market-macquarie-says.html?&qsearchterm=Broadcom
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Broadcom will outperform due to its dominance in the specialized chip market, Macquarie says
| 2025-09-15T00:00:00 |
Macquarie sees a long runway of solid growth ahead for Broadcom . The bank initiated the semiconductor manufacturer at an outperform rating. Analyst Arthur Lai also implemented a 12-month price target of $420 per share, which signals 17% upside from Friday's close. Broadcom has soared 55% this year. While the stock trades at a steep premium to the rest of the semiconductor space — 53 times forward earnings versus 29.55 times for the PHLX Semiconductor index — its higher valuation is justified, Lai said. AVGO YTD mountain AVGO YTD chart "We believe Broadcom should trade at a premium to industry peers with 1) strong growth outlook, 2) a strong ~34% dividend CAGR [compound annual growth rate] in recent years, and 3) long-term strategic planning supported by a unique management incentive plan," he wrote. The analyst highlighted the growth of ASICs, or application-specific integrated circuits, which are outpacing GPUs, or graphics processing units. ASICs are chips used for more specialized purposes than their more broad-use GPU counterparts. Lai wrote that Broadcom currently holds a near-monopoly in AI ASIC and cloud networking solutions. "Broadcom's ASIC technology is growing faster than GPU. We expect surging demand for ASIC to outpace GPU growth, driven by adoption among hyperscalers and vertical AI markets (eg, auto, healthcare, financial services)," Lai said. "We estimate a 72% global AI ASIC market CAGR over 2025–28, with Broadcom capturing > 70% market share." Meanwhile, Broadcom's high-margin software expansion is another positive for the stock. The company's operating profit margin increased to 66% from 62% after its VMware acquisition. "Its software business enhances long-term margin stability, high-quality free cash flow, and re-rate," Lai added. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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Broadcom
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https://www.cnbc.com/video/2025/09/25/broadcom-alphabet-are-long-term-ai-winners-says-nuveens-saira-malik.html?&qsearchterm=Broadcom
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Broadcom, Alphabet are long-term AI winners, says Nuveen's Saira Malik
| 2025-09-25T00:00:00 |
In this video
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Broadcom, Alphabet are long-term AI winners, says Nuveen's Saira Malik
CNBC’s “Closing Bell Overtime” team discusses the artificial intelligence trade and whether the AI trade is unwinding with Saira Malik, chief investment officer at Nuveen.
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Broadcom
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https://www.cnbc.com/2025/09/10/broadcom-is-a-big-oracle-derivative-play-as-investors-get-keen-on-next-phase-of-ai.html?&qsearchterm=Broadcom
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Broadcom is a big Oracle derivative play as investors get keen on next phase of AI
| 2025-09-10T00:00:00 |
Oracle 's staggering forecast has reignited enthusiasm for artificial intelligence, particularly for one specialized chipmaker. The knockout revenue forecast made it clear that demand for AI workloads is set to continue, reassuring investors about long-term returns beyond the resource-intensive "training" phase of AI models. Investors are encouraged by the large opportunity they see in the "inference" phase — where a trained model can make predictions and real-world conclusions based on new data. The market has long expected a higher payout from the inference phase of the AI buildout cycle, and many see Broadcom as a huge beneficiary. It is the leading maker of chips that are considered better-suited and cheaper for inference, which is attractive for hyperscalers looking to cut their soaring AI costs. Shares of the Broadcom jumped almost 10% on Wednesday, riding the high of Oracle's 36% pop. Broadcom is a direct beneficiary of Oracle's forecast, Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager said Wednesday. "Inference is obviously going to be the next big driver, and Broadcom is certainly the number one player," Link told CNBC. "That's not to say that Nvidia and AMD and many other companies won't benefit, but I just don't think that Broadcom is as widely owned or or understood as Nvidia ... In the past year, Broadcom actually has outperformed Nvidia, and I think it is because we are starting to see slow respect and appreciation for what they're doing." Broadcom is Link's largest position, accounting for 7% of her portfolio. She's owned the stock for about four years and recently added to her position after its quarterly results. AVGO 1Y mountain Broadcom stock performance over the past year. Broadcom's shares are up 56% year to date and have jumped more than 145% over the past year. The company is the leader in merchant ASICs — or Application-Specific Integrated Circuits — which are custom processors primarily used for AI inference and networking. ASICs are generally cheaper than general-purpose GPUs and CPUs when it comes to inference, given their low power usage in data centers and highly optimized performance for specific tasks, meaning lower cost per inference request. Link highlighted Broadcom's high-margin software business and recent acquisitions as attractive aspects of the stock. Broadcom's revenue is split between semiconductor hardware and software, with about 41% of total revenue coming from infrastructure software, or its ASICs, networking chips and storage controllers. Software tends to be more profitable than hardware, given that it has lower development costs and can lead to recurring revenue. "Why I think Broadcom, for me, makes more sense, is because it's more diversified, and they had every single segment beat expectations on AI, semis, infrastructure and software. Better EBITDA, better operating income," Link said, adding that Broadcom also has industry-lading gross margins at about 78.4%. The pile-in on Broadcom comes after Oracle nearly turned into a hyperscaler overnight. The cloud infrastructure provider on Tuesday surprisingly reported that its remaining performance obligations — a measure of contracted revenue that has not yet been recognized — jumped 359% from a year earlier to $455 billion. Oracle now expects $18 billion in cloud infrastructure revenue in the 2026 fiscal year, with the company calling for the annual sum to reach $144 billion in the 2030 fiscal year. Oracle chairman and Chief Technology Officer Larry Ellison said during the company's earnings call that the AI inferencing market will be "much, much larger" than the AI training market. "A lot of people are looking for inferencing capacity. I mean people are running out of inferencing capacity," Ellison said during the call, recalling a client that previously requested for "all the capacity you have that's currently not being used anywhere in the world." The Oracle co-founder added that, "in the end, all this money we're spending on training is going to have to be translated into products that are sold, which is all inferencing."
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Broadcom
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https://www.cnbc.com/2025/09/05/broadcom-avgo-stock-openai-earnings.html?&qsearchterm=Broadcom
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Broadcom stock jumps 9% on new $10 billion customer that analysts say is OpenAI
| 2025-09-05T00:00:00 |
Analysts at Mizuho, Cantor Fitzgerald and KeyBanc all said they think AI startup OpenAI is the customer. The Financial Times reported on Thursday, citing people familiar with the partnership, that the two companies co-designed a chip that will hit the market next year.
"One of these prospects released production orders to Broadcom, and we have accordingly characterized them as a qualified customer for XPUs," Tan said. He added that the order increased Broadcom's forecast for AI revenue next year, when shipments will begin.
Following a better-than-expected earnings report late Thursday, Broadcom CEO Hock Tan told analysts that a fourth large customer had put in orders for $10 billion in custom artificial intelligence chips, which the company calls XPUs.
Broadcom shares soared 9.4% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI.
While Broadcom doesn't name its large web-scale customers, analysts have said dating back to last year that its first three clients were Google , Meta and TikTok parent ByteDance.
"During the call, the company surprised us by noting that it had secured a $10B order from a fourth XPU customer (we believe this is OpenAI), adding significant upside to the company's three current XPU customers (Google, Meta, and ByteDance)," analysts at Cantor wrote in a note late Thursday. "Shipments are expected to commence in 2026."
Broadcom's stock has been on a tear of late as the company has joined Nvidia at the front of the race to build the kinds of processors and infrastructures needed for massive AI workloads. The stock is up almost 120% in the past year, lifting Broadcom's market cap to around $1.6 trillion.
For the fiscal third quarter, Broadcom reported earnings and revenue that topped estimates. The company said it expects $17.4 billion in fourth-quarter revenue, higher than the $17.02 billion projected by Wall Street analysts, with AI revenue reaching $6.2 billion.
But news of an incoming $10 billion customer is what got Wall Street excited.
Tan said on the call that "immediate and fairly substantial demand" boosts the outlook for next year, "and really changes our thinking of what 2026 would be starting to look like."
The company didn't provide specific guidance for next year, but Tan suggested that growth in its AI could be above the 50% to 60% range he'd offered on the prior call.
Analysts at Mizuho raised their AI revenue growth estimate for next year to 76% up from about 60%, which would bring the total to $35 billion. Total revenue for the year ending in October 2026 is expected to increase about 30% to $81.8 billion from $63.1 billion this fiscal year, according to analysts surveyed by LSEG.
In addition to hardware, Broadcom has a large software business, keyed by its $61 billion acquisition of server virtualization software vendor VMware in 2023. Revenue in the infrastructure software business, which includes VMWare, rose 43% to $6.79 billion.
— CNBC's Kif Leswing contributed to this report.
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Broadcom
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https://www.cnbc.com/2025/09/08/nvidia-vs-broadcom-the-debate-is-back-on-but-it-often-misses-the-mark.html?&qsearchterm=Broadcom
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Nvidia vs. Broadcom: The debate is back on, but it often misses the mark
| 2025-09-08T00:00:00 |
Broadcom's blockbuster earnings report has rekindled a long-running debate among investors: Just how firm is Nvidia's grasp on the AI chip market? The problem, though, is that might not be the best question for investors to ask. Instead, investors are better served asking just how large the AI computing market itself can grow to be. As investors in Nvidia and Broadcom, we clearly see a role for both chipmakers to play in the AI race. Nvidia is the dominant provider of "merchant" silicon, selling the same advanced chips to various data-center operators, along with a rich software presence. Broadcom is the leading purveyor of "custom" chip-design services, utilized right now by a small subset of deep-pocketed tech companies like Google that, generally speaking, are trying to get more out of their own software stacks. Undoubtedly, some sales that could've gone to Nvidia will flow to Broadcom's coffers in the years ahead as internet giants like Meta Platforms , a fellow Club name widely assumed to be one of Broadcom's existing custom-chip clients, look to run certain internal workloads at lower costs using specialized chips. Some cloud-computing providers may also look to diversify the kind of computing power they can offer customers. The tension is that, if this dynamic indeed plays out, will it mean that Nvidia is no longer be able to meet Nvidia investors' growth expectations? Or, is the demand for AI infrastructure large enough over the coming decade that Nvidia can keep growing sales and earnings, even as its own market share comes down? Our bet is on the second scenario. A pair of notes out Monday morning go to the heart of this debate — one comes from the analysts at Citigroup, the other from Melius Research. Citi cut its 2026 sales estimate for Nvidia by $12 billion and, in turn, its price target on the stock, directly citing Broadcom's comments last week about rising demand for its custom AI chip services. The firm went to $200 a share from $210, a move certainly counter to what we have seen in recent years when it comes to Nvidia price targets, which have tended only to go up. On the other hand, Melius reiterated its price targets on both stocks and argued that even with Broadcom seeing an incredible amount of interest in its custom silicon solutions, the overall demand is large enough that both companies stand to grow immensely in coming years and likely outpace investor expectations. To be sure, while the Citi analysts cut their price target, they are still positive on the name. They maintained their buy rating and noted that even their reduced 2026 estimates are above the Wall Street consensus. Nevertheless, a bullish firm getting somewhat less bullish is notable and it underscores the current debate on the Street. Do you reduce your Nvidia exposure to increase your Broadcom stake? We think the real answer is simply to own both, planting our flag in the Melius camp. While Broadcom is certainly cementing itself as a top AI stock to own, our belief is the demand is simply so great that both will win. Do the homework on both. Adjust their individual weightings based on your standard portfolio management disciplines — i.e., if one has gone on a parabolic move, consider booking some profits; the same goes for it a stock exceeds your threshold for weighting, which for the Club is about 5% on any given position. But analyzing the situation by only playing one against the other is short-sighted. What it really comes down to is the size of the total addressable market, often abbreviated to TAM. Sometimes, there will be a company that has so much market share of a new, rapidly growing industry that it is a given they will lose share as others see how much the company is making and look to compete. However, as the pie gets bigger, they can lose some of that share and still continue to grow. In other words, you get a smaller share or percentage of a larger pie, but that smaller share ends up being larger than the entirety of the initial, smaller pie. NVDA AVGO 1Y mountain Nvidia and Broadcom's stock performance over the past 12 months. Consider the case of Amazon and the online shopping market. Back in June 2018, the research firm eMarketer said Amazon ended 2017 with about 44% of the U.S. e-commerce market, but was on its way to capturing just under 50% in the following year. As of 2023, eMarketer pegged Amazon's share of US ecommerce at about 40%. Nonetheless, Amazon's sales in North America went from $141.4 billion in 2018 to $352.8 billion in 2023. They're on track to be $424 billion this year, according to estimates compiled by FactSet. The point is that while market share is important and the size of the market is an important metric to consider when seeking to determine the size of the opportunity, you do not want to get caught up thinking that you are strictly investing in market-share growth. Instead, what you're investing in is growth in the company's sales and earnings. Since the end of 2017, Amazon has returned around 304% versus 175% for the S & P 500, including reinvested dividends. When we apply this to Nvidia and Broadcom, we think a similar argument makes sense. Nvidia, as a first mover in the AI semiconductor space, has enjoyed the benefits of being the dominant player in the market. However, as more companies started to see the potential magnitude of AI demand, it is only natural that they would move into the space — which, in this case, means looking to companies like Broadcom to help them design their own AI chips. We've also seen AMD ramp up its efforts to compete with Nvidia on the "merchant" silicon side of AI. This doesn't mean Nvidia will stop growing. After all, the company can barely keep up with the demand it has now, and all signs point to the need for AI infrastructure only increasing from here. "We think there are signs that the AI compute/networking TAM is entering a hugeness that is hard to fathom," Melius Research wrote in its Monday note. By their estimation, the serviceable addressable market (SAM) stands at about $2 trillion toward the end of the decade — that's about half of the total $3 trillion to $4 trillion in data center capital expenditures that Nvidia CEO Jensen Huang recently predicted would occur by 2030. Against that backdrop, Melius argued that both Nvidia and Broadcom "are much more likely to beat our 2027 estimates than not. In fact, if Broadcom can get just 20% of our $2T SAM estimate for 2030 and Nvidia keeps just 40% then both stocks are going a heck of a lot higher." And that's really all that matters at the end of the day – the totality of AI demand. Indeed, Stacy Rasgon of Bernstein Research made a similar case Friday when he appeared on CNBC's "Closing Bell." At that time, Broadcom shares were soaring in response to its earnings report the prior night, and Nvidia was down a few percentage points. "I don't think the right question right now is necessarily who is winning or losing," Rasgon said, while noting this isn't the first time Nvidia shareholders fretted custom competition. "I actually think, personally, the question is better off to be put: Is the opportunity in front of us still large, or is it not? I think [custom chips] will take share. They're coming from a smaller base. I don't think they dominate. And I think if the opportunity in front of us is still big, if we're still early in this, as I think we are, I think they can both thrive. Think about it this way: If the opportunity in front of us is not still big, like, they're both screwed. That's the right question right now, I think, not as much who is winning or losing." Bottom line While the market makes a lot of noise about which AI chip stock to be in based on which CEO spoke most recently — or reminded the world that AI demand has plenty of room to run — we think investors will be better served keeping their eye on just how large the entire market will grow to be in coming years and targeting the names with best-in-class offerings. In the case of merchant AI chips, that's Nvidia thanks in large part to a massive software ecosystem that serves as a competitive moat against other competitors like AMD. And in the case of custom silicon, it is Broadcom. (Jim Cramer's Charitable Trust is long NVDA, AVGO, META and AMZN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Broadcom
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https://www.cnbc.com/2025/09/12/why-were-looking-to-trim-broadcom-plus-key-investor-events-on-tap.html?&qsearchterm=Broadcom
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Why we want to trim our Broadcom position, plus key investor events to monitor
| 2025-09-12T00:00:00 |
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. The S & P 500 and the tech-heavy Nasdaq are little changed on Friday as investors await the Federal Reserve's meeting next week. The market hit fresh highs Thursday after a warm inflation report and weaker labor data fueled expectations for an interest rate cut of 25 basis points. That decision is expected on Wednesday at 2 p.m. ET. One notable laggard, however, is Boeing . Shares of the aerospace company are down 1.4% Friday following a 3.3% drop the previous session after CEO Kelly Ortberg said the company is falling behind on 777X aircraft certification at an annual industrial conference. Club portfolio director Jeff Marks sees the stock's pullback as a buying opportunity since it doesn't change the cash flow trajectory of the business. We added to our position this morning. 2. Shares of custom AI chipmaker Broadcom edged higher after Mizuho raised its price target to $410 from $355 late Thursday, citing upside to AI revenue forecasts. The analysts lifted their estimates for fiscal years 2026 through 2028. Growth is being driven by ramped-up production with current clients and expansion to new ones like OpenAI. On Thursday, we said we would trim our Broadcom position if we weren't restricted. The stock has had such a big move since reporting last week. Our stake now exceeds 5%, and when a position gets that large, it's time to lock in gains and right-size it. 3. Looking ahead to next week, there are some key analyst events on deck. DuPont is holding an investor day to preview the new DuPont and Qnity Electronics ahead of its upcoming spinoff of its electronics business. We have our buy-equivalent 1 rating on DuPont stock and a price target of $90 per share. Cybersecurity firm CrowdStrike is also hosting its Falcon Con conference. This event comes on the back of a disappointing stock reaction in late August despite a great third quarter . We used that pullback to upgrade the stock to a 1 rating. We reiterated our price target at $520. (Jim Cramer's Charitable Trust is long BA, AVGO, DD, CRWD. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Broadcom
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https://www.cnbc.com/2025/09/05/broadcoms-soaring-stock-is-getting-cheaper-heres-the-math-on-how-thats-possible.html?&qsearchterm=Broadcom
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Broadcom's soaring stock is getting cheaper. Here's the math on how that's possible
| 2025-09-05T00:00:00 |
Another Broadcom earnings report, another breathtaking stock reaction in response. Shares of the AI chipmaker are soaring almost 11% Friday, sending the stock to a fresh all-time high and putting its market capitalization north of $1.5 trillion. The monster move evokes what we saw from Broadcom back in December, when shares flew 24% in a single session on strong earnings and extra sweet conference call commentary from CEO Hock Tan. A similar situation is playing out again Friday. Yes, Broadcom's fiscal 2025 third quarter results were strong, but adding fuel to the advance is an equally strong guide for the ongoing quarter and Tan's remarkably upbeat updates on the call. Taken together, it's clear that despite all the hoopla about an artificial intelligence spending bubble, we've not yet seen the peak in AI demand when it comes to the real-deal players in the space. Broadcom's conference call is really the main fuel for Friday's rally. Indeed, when the results first dropped after the closing bell, the stock saw a modest move higher. Shortly after the call got going at 5 p.m. ET, the bullish fireworks would begin. The first of them was Tan announcing that Broadcom had secured a fourth customer for its custom AI chips, which it calls XPUs. Its three existing customers are widely believed to be Alphabet , Club name Meta Platforms and TikTok parent ByteDance. This new one is thought to be ChatGPT creator OpenAI. Here's what Tan said: "As we had previously mentioned, we have been working with other prospects on their own AI accelerators. Last quarter, one of these prospects release production orders to Broadcom. And we have accordingly characterized them as a qualified customer for XPUs. And, in fact, has secured over $10 billion of orders of AI racks based on our XPUs. And reflecting this, we now expect the outlook for fiscal 2026 AI revenue to improve significantly from what we had indicated last quarter." That was the primary comment driving Friday's move. Why? Because it was a surprise to the market, and a surprise means it wasn't factored into analysts' financial projections. Put another way, it means that the 2026 earnings estimate the market has been working off to determine a fair value for Broadcom's stock has been too low. And if the EPS estimate has been too low, the price-to-earnings multiple that everyone is using to value the stock has been lower than we all thought. A stock rally based on information like that is one that has legs because it means investors can pay a higher price for the shares — without paying up in terms of valuation. Consider this: Going into Thursday night's print, the FactSet consensus earnings estimate for Broadcom's fiscal year 2026 stood at $8.22 per share. At Thursday's closing price of roughly $306 a share, the stock was trading at 37.2 times that 2026 estimate. As of Friday morning, the FactSet estimate has moved up to $8.92 per share, an 8.5% increase to FY26 estimates. What this means is that even with the stock's roughly 11% surge, it's barely gotten any more expensive on a price-to-earnings basis. Using its $335 intraday price, the stock is only trading at 37.5 times that new FY2026 estimate. That's practically an immaterial difference versus Thursday's close, especially considering investors are usually willing to assign a higher multiple to companies with accelerating growth rates. We saw this same dynamic playout with fellow Club name and AI chipmaker Nvidia back in 2023. The stock surged higher, but never really got more expensive because Wall Street's earnings estimates were moving just as fast. What's more, the new FY26 earnings estimate for Broadcom is likely still too low — purely based on the mechanics of how financial data systems work. It simply takes time for analysts' updated estimates to make their way into the database and show up for us to see. For example, at the time of this writing, our screen showed that Melius Research, a firm that has been rightfully bullish on the stock, has a FY2026 earnings estimate of $8.48 per share. However, we know from Melius Research's note to clients Friday that they are now modeling EPS of $9.71 for next fiscal year. The point is that as these new estimates work into the data providers' systems, we're likely to see the Wall Street consensus move even higher in the weeks to come and the stock, in turn, will appear cheaper. In fact, when we calculate the P/E ratio using only estimates added to the FactSet system post-earnings, it already does look cheaper. AVGO 1Y mountain Broadcom's stock performance over the past 12 months. Now consider that Tan is telling investors that demand is not only sustaining but is picking up steam. Knowing that, it's easy to conclude that analysts will need to continue updating their financial models with more optimistic forecasts as they rethink the demand profile with a fourth major customer now in the picture. For those somewhat skeptical about the upward revisions and Broadcom's ability to meet the new targets, we get it. After all, Wall Street has a tendency to overshoot both on the upside and the downside. In this case, our counterargument would be what Tan said about Broadcom's backlog: It's now over $110 billion. That figure "implies significant business visibility over the next two years," Goldman Sachs analysts wrote in a note to clients. Perhaps unsurprisingly, Goldman was among the firms raising their estimates materially for FY26 and the following fiscal year. It went to $9.95 (from $8.81) and $12.10 (from $10.54), respectively. The other conference call firework aiding Friday's advance and giving the Street conviction to raise numbers is Tan agreeing to stick around through at least 2030. Tan is the man with the plan. He has transformed Broadcom through mergers-and-acquisitions into the well-oiled technology giant it is today, and that cannot happen without a plan that looks years into the future. Tan has been CEO of the company since March 2006. At the time, it was known as Avago Technologies. A decade into his tenure, it acquired Broadcom Corporation and rebranded to take on the acquired firm's name (though it kept the same stock ticker, hence why it trades AVGO). He's continued to make a series of smart acquisitions, including the blockbuster VMWare deal that has added to the attractiveness of Broadcom's stock. The analysts over at Bernstein summed it up well in their earnings reaction note. "The Broadcom narrative is going to take off once again, and at this point we suppose a bear would have to hope that the company is getting out over their skis," they wrote. "But we note that Broadcom knows this business better than anyone, and Hock must see a runway here as he renewed his contract through 2030, suggesting he sees something worth sticking around for. We suspect that numbers are going to go up materially with potential room for further upside to come; valuation (which has admittedly looked rich) is clearly becoming justified." Bottom line As impressive as today's stock move is, the stock is actually cheaper than it was Thursday from a P/E perspective. While the valuation is based on forward-looking estimates that technically could prove too rosy, the reasons we laid out above give us conviction to trust them. They are: The major new customer for its custom AI chip design services Its robust backlog Tan's contract extension As we saw with Nvidia, stock rallies rooted in earnings revisions that are at least equal to the move in stock price are not only justifiable, but tend to have additional room to run longer-term. Of course, there are plenty of investors sitting on significant paper profits in the stock, so we could see some folks ring the register in the near future. In fact, as discussed on Friday's Morning Meeting, we're likely to do the same thing when our trading restrictions aren't in place. This is not counter to our conviction, though. It's simply our discipline to generally book a profit on quick, large gains, and to trim positions that start to exceed our self-imposed 5% threshold, which this move is causing our Broadcom stake to do. That also gives us the flexibility to potentially step in if the stock ever gets caught up in a unwarranted sell-off. Indeed, the earnings-revision dynamic does mean that if the stock does encounter a meaningful pullback, you'll not only be getting a good price, but a good value as well. (Jim Cramer's Charitable Trust is long AVGO See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Broadcom
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https://www.cnbc.com/2025/09/05/what-wall-street-is-saying-about-broadcom-fiscal-third-quarter-results.html?&qsearchterm=Broadcom
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Broadcom is soaring after an earnings beat. What Wall Street analysts are saying
| 2025-09-05T00:00:00 |
Broadcom's fiscal third-quarter report is being well received by Wall Street analysts, several of whom lifted their price targets on the chipmaker. The chipmaker on Thursday posted better-than-expected quarterly earnings and revenue along with robust guidance for the current quarter. The company, which develops chips for Google and other cloud customers, also said it secured $10 billion in orders from a new client for custom chips. Shares popped more than 8% in premarket trading. "This performance puts Broadcom on track to drive ~$20B in AI revenues for FY25," wrote JPMorgan analyst Harlan Sur. "Overall, we are encouraged by Broadcom's strong visibility into FY26/FY27 AI revenue and a record $110B backlog, supported by robust cloud/hyperscaler capex trends, ongoing AI training and inference workloads, the ramp of Google's next-gen TPU v6/v7 3nm AI accelerator ASICs, new customer/program ramps … and strong demand for AI networking." Questions are now swirling among analysts and investors about Broadcom's mystery client — and what that means for the company's strength in the coming years as it tries to take market share from Nvidia . Take a look at what several analysts had to say. Bank of America: Reiterated buy rating, lifted price target by $100 to $400 "Reiterate Buy, our top pick as AVGO's custom AI chip (XPU) continues to build with a fourth large customer (OpenAI per media reports) likely joining the current three (Google, Meta, ByteDance.) The ~$10bn addition (in 2HFY26E) to prior FY26 growth now puts AI growth closer to 110% YoY vs. 55-60% YoY prior. Further, AVGO suggested growth could accelerate further into FY27E on additional programs, new customers," analyst Vivek Arya said. "While we agree AVGO is taking more share, we believe the AI pie could just be getting bigger in-line with NVDA's commentary ("multi $trillion" TAM.)" Barclays: Kept overweight rating, raised price target by $135 to $400 "Outside of the new customer, the core 3 ASIC customers are also doing better than expected and likely surpass the 60% Y/Y AI revenue target even before the new customer layers in … Outside of ASICs, the company is currently short on EMLs (explains transceiver constraints) and is doubling capacity over the next 9 months. The company is firing on all cylinders with clear line of sight for growth supported by significant backlog," analyst Tom O'Malley said in a note to clients. JPMorgan: Kept overweight rating, changed price target to $400 from $325 "Broadcom reported better-than-expected results for the Jul- Qtr and provided solid revenue outlook for the Oct-Qtr, driven by accelerating AI demand, stabilizing non-AI semiconductors, and continued solid momentum from VMware … Broadcom's diversified portfolio and product cycles support a solid revenue growth profile," analyst Harlan Sur wrote in a note. Morgan Stanley: Reiterated overweight rating, raised price target from $357 to $382 "Upside to overall numbers is modest, but AI stays strong. More importantly, the company is putting a 4th AI customer into backlog, with the surprising forecast of $10 bn of incremental 2h revenue," analyst Joseph Moore said. "While Broadcom has said that all three of their initial customers are on track, we do believe that the third customer is in China, could be subject to export constraints, and has seen some implementation delays." Goldman Sachs: Reiterated buy rating, lifted price target by $20 to $360 "We believe the most significant development was Broadcom's announcement that it has converted another new custom silicon customer focused on inference, which is expected to help drive 'material' upside to management's prior expectation of AI Semiconductor revenue growth of ~60% in 2026 ... we see the company remaining the leader in AI custom compute and merchant networking silicon (which is likely to grow in importance), and we believe the company's enterprise software portfolio is under-appreciated," analyst James Schneider said. Wells Fargo: Kept equal weight rating, lifted price target by $90 to $345 "AVGO delivered another solid beat-and-raise w/ continued custom AI XPU momentum - most notably highlighting $10B+ order from new (4th) customer for inference-focused XPU; accelerating AI growth in FY26 and again in FY27 (vs. +62% y/y in FY25)," analyst Aaron Rakers wrote in a note. "We continue to see shares representing a balanced risk/reward at current levels with significant leverage and an expectation that future acquisitions will remain a use of capital keeping us on the sidelines." Deutsche Bank: Kept buy rating, raised price target by $50 to $350 "While AVGO's report/guide were relatively in-line on the surface, the all-important AI commentary was decidedly more bullish," analyst Ross Seymore said. "When combined with a slowly improving non-AI semi segment and a steady software segment, we expect AVGO to deliver ~+40% revenue growth in FY26, with opex control yielding strong EPS fall through. In total, AVGO's report/guide and long-term outlook highlight its leadership position in AI XPU compute/networking, with the steady hand of CEO Hock Tan continuing to steer this growth through the end of the decade (extended his contract through 2030). "
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Broadcom
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https://www.cnbc.com/2025/09/04/broadcom-avgo-q3-2025-earnings-report.html?&qsearchterm=Broadcom
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Broadcom’s stock pops on mystery $10 billion AI customer
| 2025-09-04T00:00:00 |
Broadcom reported fiscal third-quarter earnings that beat expectations and provided robust guidance for the current quarter. The stock rose in extended trading after the company said it had secured $10 billion in orders from a new client for custom chips.
Here's how the chipmaker did versus LSEG consensus estimates:
Earnings per share: $1.69 adjusted vs. $1.65 expected
$1.69 adjusted vs. $1.65 expected Revenue: $15.96 billion vs. $15.83 billion expected
Broadcom said it expects $17.4 billion in fourth-quarter revenue, higher than the $17.02 billion expected by Wall Street analysts. Revenue in the third quarter rose 22% on an annual basis.
The company reported net income of $4.14 billion, or 85 cents per share, after recording a net loss a year ago of $1.88 billion, or 40 cents per share. The loss in the year-ago period was due to a one-time tax provision of $4.5 billion that resulted from the company transferring intellectual property to the U.S.
Broadcom develops custom chips for Google and other cloud companies, in addition to networking parts and software needed to tie thousands of artificial intelligence chips together.
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Walmart
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https://www.cnbc.com/2025/10/01/walmart-to-remove-synthetic-dyes-across-all-private-label-food-brands.html?&qsearchterm=Walmart
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Walmart to remove synthetic dyes across all private-label food brands
| 2025-10-01T00:00:00 |
A Walmart store is shown in Oceanside, California, on May 15, 2025.
Walmart said on Wednesday it would remove synthetic dyes from its U.S. store-brand food products, including Great Value and Bettergoods, by January 2027.
With this, the world's largest retailer joins several other packaged food makers, including Campbell's and Conagra Brands , in rolling out similar plans in response to the "Make America Healthy Again" initiative under Health Secretary Robert F. Kennedy Jr.
Walmart also plans to eliminate more than 30 other ingredients such as preservatives, artificial sweeteners and fat substitutes from its private-label assortment.
"This commitment demonstrates how Walmart is responding to changing customer preferences...," said John Furner, president of Walmart U.S.
Its membership chain Sam's Club had said in June it would remove artificial colors, aspartame and other ingredients from its Member's Mark brand by the end of the year.
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