Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Wells Fargo Securities is now a big believer in Nvidia's prospects.
In a rare move, the firm raised its rating two notches to outperform from underperform for Nvidia shares, citing the strength of its artificial intelligence and cloud computing markets. It also raised its per-share price target to $315 from $140, representing 20.5 percent upside to Tuesday's close.
"We are positive on NVIDIA's competitive positioning for gaming and expanding growth opportunities in data center, HPC, and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.)," analyst Aaron Rakers said in a note to clients Tuesday. "NVIDIA is well positioned to continue to leverage / expand its platform story."
The company's stock is up 35 percent this year through Tuesday versus the S&P 500's 6 percent gain. It closed down 0.9 percent Wednesday.
The analyst is optimistic on Nvidia's new eighth-generation Turing graphics architecture, which was announced Monday at a conference in Vancouver.
"Turing is NVIDIA's most important innovation in computer graphics in more than a decade," Nvidia CEO and founder Jensen Huang said at the SIGGRAPH conference, according to a company release.
Nvidia said Quadro professional workstation graphics cards with Turing technology will be available in the fourth quarter.
The company delivers its July quarter earnings report Thursday.