Gene Munster, managing partner at Deepwater Asset Management, analyzes Nvidia’s earnings report and the stock’s future trajectory. He highlights the bullish case for AI’s long-term potential and the bearish concerns regarding Blackwell’s delayed ramp-up and the supply-demand imbalance.
AXIS-Y, a leading innovator in the K-beauty industry, hosted their annual EcoGlow 5.5 Community Campaign on Jeju Island, South Korea. This campaign highlighted the brand’s commitment to sustainable and vegan beauty through collaborations with global influencers, eco-conscious packaging, and community-driven initiatives.
Nvidia’s stock price has soared this year, prompting questions about its valuation. While its P/E ratio suggests it may be overpriced, investors are optimistic about its future earnings potential. This article compares Nvidia’s P/E ratio with Bitcoin’s NVT ratio, offering insights into both assets’ market dynamics.
The National Business Aviation Association (NBAA) is hosting the ‘Fund an Angel’ fundraiser at the 2024 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) to support Corporate Angel Network’s (CAN) mission of providing free air travel to cancer patients seeking treatment.
Viasat, a global leader in satellite communications, has appointed Gary Chase as its new Chief Financial Officer, effective September 16, 2024. Chase brings extensive experience in financial management and strategic leadership from his previous role at Delta Air Lines, where he served as Senior Vice President of Operational Finance. His appointment marks a significant leadership change for Viasat as it focuses on growth and innovation in the satellite communications industry.
Musim Mas, a leading palm oil producer, has taken a significant step towards sustainable business practices by securing its first Sustainability-Linked Revolving Credit Facility (RCF). This innovative financing, coordinated by Rabobank and HSBC, ties loan terms to the achievement of key sustainability performance indicators, demonstrating Musim Mas’ commitment to responsible palm oil production.
Raphael Bostic, President of the Federal Reserve Bank of Atlanta, has expressed a cautious openness to a potential rate cut, citing recent decreases in inflation and increases in unemployment. However, he emphasizes the need for more economic data before making a final decision. This shift in stance comes as the Fed considers adjusting its monetary policy in response to evolving economic conditions.
Mark Zuckerberg recently revealed the email address he used to create his first Facebook account, sparking nostalgia among users. The email, mzuckerb@fas.harvard.edu, highlights the platform’s early days when only Harvard students could join. This revelation also serves as a reminder of Facebook’s evolution from a college-centric platform to a global social media giant.
Qantas has announced its support for the ‘Same Job Same Pay’ legislation and reached agreements with the Flight Attendants Association of Australia (FAAA) to increase pay for both short-haul and long-haul cabin crew. The airline anticipates a $60 million cost impact for FY25, with implementation slated for November 1, 2024.
CNBC’s Jim Cramer defended Nvidia after its stock price dropped following strong second-quarter earnings, calling out investors who sold shares they didn’t fully understand. He believes this decline will allow Nvidia to focus on its core business and future growth, despite challenges like high expectations and customer understanding of its technology.
