The artificial intelligence (AI) boom is well underway, and there may be no company that's benefited from it more than Nvidia (NASDAQ: NVDA). For years, the company's semiconductors have been a top choice among leading tech companies for AI processing, and now, it's paying off for Nvidia's stock. The company's...

Where Will Nvidia Stock Be in 1 Year?

“Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” said CEO Pat Gelsinger in a memo to employees. “Our costs are too high, our margins are too low. We need bolder actions to address both — particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”

Intel to lay off 15,000 employees

24/7 Wall St.

Nervous investors may be wondering if semiconductor stocks are still a good bet for the rest of this year. Wall Street expectations are especially high for Astera Labs.
The post Prediction: This Semiconductor Stock Will Be the Best Performer the Rest of 2024 appeared first on 24/7 Wall St..

Prediction: This Semiconductor Stock Will Be the Best Performer the Rest of 2024

ITPro

The move marks the second round of Cisco layoffs so far this year, with 7% of its global headcount expected to be cut

Cisco layoffs cut deeper than expected as firm ramps up AI focus

Palantir just reported another stellar quarter of robust growth that validates its long-term opportunity. Microsoft is enjoying momentum as it rolls out Copilot and other AI services across its business. These stocks can help you cash in on this burgeoning new industry. The adoption of artificial intelligence (AI) promises to...

2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

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community_voice

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Virginia State

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

TheStreet

The tech-heavy Nasdaq Composite index has gained 10% year to date.

Cathie Wood buys $28 million of battered tech stock

Business Insider

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

Machine learning gives artificial intelligence (AI)-driven software and systems a virtually limitless long-term ceiling. A trio of Wall Street experts is forecasting upside ranging from 91% to as much as 1,200% for three of the most widely-owned AI stocks. Wall Street's loftiest price targets are likely unachievable for a myriad...

3 Artificial Intelligence (AI) Stocks That Can Skyrocket Up to 1,200%, According to Select Wall Street Pundits

Denver, CO

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Ohio State

Kroger has taken legal action to block the Federal Trade Commission’s (FTC) internal proceedings against its planned $24.6 billion acquisition of Albertsons Cos., arguing that the process is unconstitutional. According to Bloomberg, thismove marks a significant development in what could become the largest supermarket merger in U.S. history. Kroger...

Kroger Seeks to Block FTC Merger Case in Federal Court

The Artificial Intelligence boom began in the second half of 2022 and since then, we’ve had investors searching for AI stocks that can make big money. Companies are pouring billions into the business and as of 2024, AI has been a winner. Tech stocks have seen impressive returns and will continue moving in the same […]
The post 3 Top AI Stocks To Buy in August appeared first on 24/7 Wall St..

3 Top AI Stocks To Buy in August

It’s been another busy week in the technology world, one that included new gen AI market trends and Cisco Systems Inc. revealing a plan to cut thousands of jobs as it beat its earnings forecast. These developments were key topics for theCUBE Research industry analysts John Furrier (pictured, left)...

On theCUBE Pod: Gen AI market trends, Cisco’s layoffs and the road ahead for AWS

The tech market dipped, but Nvidia still looks like a good buy. Companies are making billions in AI capital expenditures. Meta Platforms' latest earnings point to AI delivering real value. Earnings are fast approaching. Artificial intelligence (AI) is the single biggest leap in technology since the internet -- or so...

2 Reasons to Buy Nvidia Stock Before Aug. 28

Florida State

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Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

The Bank of England recently made headlines by rejecting the banking licence application of popular financial technology company Revolut. This decision has significant implications for both Revolut and the broader fintech industry. Revolut’s Ambitious Bid for a Banking Licence. Revolut, a UK-based fintech unicorn, has been disrupting the traditional...

Bank of England Rejects Revolut’s Bid for Banking Licence

Louisiana State

Natrona County, WY

Houma, LA

WyoFile

A worker died Aug. 5 when the crane he was operating toppled at a wind farm construction site in remote Natrona County, state and local officials say. The victim, John William Hoffpauir, Jr., 55, of Houma, Louisiana, was working as a crane operator at the Cedar Springs wind energy construction site north of Casper and Glenrock under the control of Blattner Energy at the time of the accident. Hoffpauir was a Blattner Energy employee, a spokesperson for the company told WyoFile.

Worker killed in accident on wind energy construction site in Natrona County

NewsBreak

AMD to Acquire Server Maker ZT Systems for $4.9 Billion in AI Push

Advanced Micro Devices (AMD) announced on Monday its plans to acquire server manufacturer ZT Systems for $4.9 billion. The strategic move is aimed at expanding AMD’s...

AMD to Acquire Server Maker ZT Systems for $4.9 Billion in AI Push

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