Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Nvidia's top salesperson in 2018 may be none other than Steven Spielberg, according to Jefferies.
Spielberg's upcoming film, "Ready Player One," depicts a future dystopia where many retreat into a virtual world. Jefferies said the premise could drive sales of virtual reality headsets that require high-performance chips. The movie, directed by Spielberg, will be released in U.S. theaters on March 29.
The film "depicts a dystopian society where people go to school, travel, conduct business and escape into a virtual world called the OASIS, and interact with one another in the OASIS via their avatars," analyst Mark Lipacis wrote to clients. "We also think that 'Ready Player One' has the potential to appeal to an electronics game savvy audience that is motivated to have a more immersive experience."
Nvidia, the chipmaker with a focus on graphics and artificial intelligence, is one of Wall Street's most favorite technology stocks. Its price has climbed nearly 150 percent during the past 12 months, making it the second-best performer in . Shares of Nvidia rose 1.8 percent on Monday morning following the Jefferies note.
The company announced last year its Pegasus artificial intelligence computer system, which will enable fully autonomous robotaxis.
Lipacis, who has a buy rating on the company's stock, sees shares climbing to $300 over the next year, implying more than 22 percent upside from Friday's close.
"The computing paradigm experiences a tectonic shift every 15 years, and that it is currently in a shift to a 'Parallel Processing – Internet of Things' model," the analyst added. "A lot of the demand for increased compute cycles is becoming parallel in nature, like neural networking, gaming, virtual reality and blockchain/cryptocurrency mining."
A surge in demand for VR headsets wouldn't benefit Nvidia exclusively, Lipacis said. He also highlighted rival chipmaker Advanced Micro Devices as a possible beneficiary of a Spielberg success.
The analyst has a buy rating and a $19 price target on shares, implying 62 percent upside for AMD. Shares were down fractionally Monday.