The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Another Wall Street firm is getting even more bullish on Nvidia, even after the stock's amazing market-leading run during the past year.
Citi Research reiterated its buy rating and raised its price target for Nvidia shares, predicting the chipmaker will generate earnings significantly above expectations next year.
Nvidia shares rose 2 percent shortly after Friday's market open after the report.
"We expect Nvidia stock to grow into its multiple on strong earnings growth over the next three years, and exposure to some of the fastest growth secular end markets likes deep learning, artificial intelligence, and self-driving cars," analyst Atif Malik wrote in a note to clients Friday.
Nvidia's stock is up 161 percent in the past 12 months through Thursday compared with the S&P 500's 17 percent gain. That performance ranks No. 1 in the entire S&P 500, according to FactSet.
Malik increased his price target for Nvidia to $210 from $185, representing 19.5 percent upside from Thursday's close.
The analyst cited the company's data center cloud computing deals with Alibaba, Baidu and Tencent announced on Monday.
In addition, the firm recently surveyed 342 U.S. gamers. It found 83 percent of consumers who intend to buy a graphics card are planning to purchase Nvidia cards, up from 75 percent in the previous March survey.
"Our updated proprietary gaming survey indicates limited threat of new AMD ... Vega graphics cards keeping our above consensus C17/18 gaming sales expectations intact, " he wrote.
Malik estimates Nvidia will generate earnings per share of $5.01 in fiscal 2019 versus the $3.97 Wall Street consensus.