Author: arthursheikin@gmail.com
[ad_1] Nearly 40% of Nvidia’s second quarter revenue came from just two customers, according to a filing with the Securities and Exchange Commission. On Wednesday, the chipmaker reported record revenue of $46.7 billion during the quarter that ended on July 27 — a 56% year-over-year increase largely driven by the AI data center boom. However, subsequent reporting highlighted how much of that growth seems to be coming from just a handful of customers. Specifically, Nvidia said that a single customer represented 23% of total Q2 revenue, while sales to another customer represented 16% of Q2 revenue. The filing does not…
[ad_1] Taco Bell’s chief digital officer says the company is having an “active conversation” about when to use and not to use AI. The company has apparently rolled out voice AI-powered ordering at more than 500 drive-throughs, leading to unflattering viral moments like someone ordering 18,000 water cups in order to “bypass” the AI and get connected to a human server. Chief Digital and Technology Officer Dane Matthews told The Wall Street Journal that even he has mixed experiences with technology: “Sometimes it lets me down, but sometimes it really surprises me.” Overall, it sounds like Taco Bell is still…
[ad_1] 2025-08-30T13:14:01Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. I moved to New York City from Texas in 2019 and am certain I’m here to stay. The energy of NYC is more fitting for my lifestyle than my laid-back memories of Austin. I love Austin, but I’m not moving back. Here’s what’s keeping me in New York…
[ad_1] Analysts on Wall Street are sticking by Dell Technologies even as the stock pulls back following a weak third-quarter outlook. Dell reported second-quarter results on Thursday that surpassed analyst estimates, but its outlook for the current quarter soured investor sentiment and kept shares under pressure. Third-quarter earnings are estimated to be $2.45 per share, 10 cents shy of the $2.55 per share LSEG estimate. DELL 5D mountain Dell Technologies stock this week. Shares of Dell closed down 8.9% on Friday. But analysts think the pullback is overdone and that Dell’s potential growth trajectory can outweigh the near-term concerns thanks…
[ad_1] Stocks pulled back slightly on Friday heading into a long holiday weekend, but at least three individual stocks look so bad they may be good: all three are oversold and could soon be due to rally, if only a technical basis. After hitting a new intraday record high on Thursday, the S & P 500 fell on Friday to ultimately end the week down 0.1%. The Dow Jones Industrial Average and Nasdaq Composite each shed 0.2%. For the month as a whole, however, the major stock averages all ended higher, an impressive feat considering that August has historically been…
[ad_1] Analysts at Morgan Stanley recently named several top stock ideas heading into September. The Wall Street investment bank says stocks like Chewy have plenty more to room. Other overweight-rated names screened by CNBC Pro include: Nu Holdings, Cummins, Perimeter Solutions and Cadence Design Systems. Perimeter Solutions The maker of firefighting foam is a new top pick at the firm, Morgan Stanley says. Analyst Daniel Kutz says Perimeter’s growth is too attractive to ignore. In addition, the stock is defensive in an uncertain macroeconomic environment. “PRM’s unique portfolio is levered to drivers largely uncorrelated with macroeconomic trends, insulating its earnings…
[ad_1] This as-told-to essay is based on a conversation with Christine Job, a 38-year-old who moved from Atlanta to Spain in 2017. Job has lived in Logroño, Barcelona, and, most recently, Valencia. The conversation has been edited for length and clarity.After graduating from law school in 2013, I moved back home to Atlanta after living in Miami for about four years for law school.Atlanta is a beautiful Chocolate City. There’s both new and old money, with Black leadership represented in government. The city is home to sports stars, teachers, real estate developers, and lawyers. It’s a vibrant, nurturing community, especially…
[ad_1] Burning Man — the festival that eschews materialism, commodification, and capitalism — has paradoxically become associated with some of the wealthiest men on the planet.In the early 2010s, news started to come out that tech’s billionaire class — the Google cofounders, Facebook cofounder Dustin Moskovitz, Uber cofounder Garrett Camp, and Tesla leader Elon Musk, among others — were regular attendees of the festival. They made headlines for their fancy RV camps and the Black Rock City airport for private planes.But, in recent years, it seems many of the most notable billionaire Burners have ditched the festival. As of Friday…
[ad_1] I haven’t bought any newly made clothes in two years, and instead of feeling restricted, I’ve never felt happier.This did not start with some noble ideal of reducing textile waste or helping the environment, and I’m by no means a minimalist.Two years ago, I was fresh out of grad school with no disposable income to speak of, and I simply could not keep up with the rising cost of everything, from jeans that could barely survive one wash to dresses made entirely of polyester that cost hundreds.On my quest to find an alternative to paying more for clothes that…
[ad_1] This as-told-to essay is based on a conversation with Maya Rogers, CEO of Tetris. It has been edited for length and clarity.When people learn that I’m the CEO of Tetris, they often say something like, “Oh, I used to play that game.” It’s true that Tetris has been around for 42 years, but it’s still relevant — not only for my family, but for the world.My dad, Henk Rogers, secured the rights for Tetris back in the 1980s. We were living in Japan at the time, on the second floor of my maternal grandparents’ house. After my dad invented…