Tom Lee is an accomplished equity research analyst and serves as a managing partner at Fundstrat Global Advisors. A couple of months ago, Lee provided an update on his outlook on chip megastar Nvidia ( NVDA 3.69% ) . Nvidia's run over the last two years is nothing short of unprecedented. Excitement surrounding artificial intelligence (AI) has led to a generational surge in demand for Nvidia's data center services and graphics processing unit (GPU) chipsets. While it's natural to think that Nvidia's momentum is going to slow down at some point, Lee sees things differently -- calling for tenfold growth from current levels over the next decade. Below, I'm going to explore a bull and bear case surrounding Lee's 10x forecast on Nvidia. After carefully considering all angles, I hope investors can come away with more knowledge surrounding both the catalysts and headwinds that could impact Nvidia over the next decade. The bull case for Nvidia If you've been following my articles during the AI boom, you'll know that I see Nov. 30, 2022 as the unofficial start date of the AI revolution. Why so specific? Because that's the day OpenAI released ChatGPT to the masses and sparked a worldwide phenomenon for the ages. In many ways, I view the launch of ChatGPT akin to the early days of Facebook and the birth of social media. NVDA Revenue (Quarterly) data by YCharts Just look at the slope of the lines illustrating Nvidia's revenue, net income, and free cash flow over the last two years (with Nov. 30, 2022 being the start date depicted above). Nvidia's accelerated growth stems from unparalleled demand for its GPU chipsets. When I say "unparalleled" I'm not exaggerating -- Nvidia has acquired an estimated 90% of the GPU market, and there are many reasons to believe the company's momentum is just beginning. Industry research suggests that investments in AI infrastructure are going to exceed trillions of dollars over the next several years. Nvidia's new Blackwell GPU architecture, combined with its successor product dubbed Rubin (slotted for a 2026 launch), positions the company well to acquire incremental market share as AI investments continue to scale. The pace at which Nvidia is innovating, combined with its strong financial profile underscored by consistently rising profits, makes it difficult to buy into a pessimistic narrative over the company. Nevertheless, smart investors know that there are more stones to turn over before betting the house on Nvidia. The bear case for Nvidia One of the reasons Nvidia's GPU sales have skyrocketed stems from how the company's technology stack actually works. You see, Nvidia's GPUs (hardware) run on the company's compute unified device architecture (CUDA) software. This tight integration makes it extremely difficult for businesses to leverage products and services from other chipmakers. As I expressed in this piece from a few months ago , the Department of Justice (DOJ) could very well decide to investigate Nvidia's business practices given the company is arguably becoming a monopoly. Translation: The government could force Nvidia to loosen its grip and make the CUDA system more malleable so that it works seamlessly with GPU hardware developed by other companies. Should this occur, Nvidia's growth rate would decelerate and the company's market share would likely begin to shrink. Admittedly, the idea above is rooted more in speculation than reality. However, a more realistic headwind Nvidia is facing comes from competition. Nvidia's largest customers include cloud hyperscalers such as Microsoft , Alphabet , and Amazon , as well as "Magnificent Seven" cohorts Meta Platforms and Tesla . While increasing investments in AI infrastructure can be a good thing for Nvidia, it's important for investors to understand that this dynamic could also be a detriment for the company. Each of the companies referenced above is either investing in its own homegrown chips or is known to be supplementing its Nvidia GPUs with those offered by lower-cost alternatives -- namely from Advanced Micro Devices . The bottom line At the end of the day, I think that it is highly unlikely that Nvidia's valuation will rise 10x over the next decade. While I remain bullish on the company overall, I simply struggle to see how the company's growth can continue generating multibagger -style returns over the next several years. To me, Nvidia is still a rock-solid stock to own for exposure to the AI industry, but I think calling for tenfold growth in the face of direct and internal competition plus the potential for government intervention is a bit of an overzealous call.Analysis: If Jets don't want Rodgers, others willSix-time Super Bowl champion Bill Belichick interviewed for the head-coaching job at North Carolina, Inside Carolina and the Raleigh News & Observer reported Thursday. According to the News & Observer, Belichick "blew them away in the interview," yet he is not likely to move forward because he is pushing 73 years old and has no experience in the college game. After he and the New England Patriots agreed to part ways following a 24-year stint, Belichick interviewed for the head job with the Atlanta Falcons, who instead hired Raheem Morris. The North Carolina interview is the first known instance of Belichick showing interest in a college position. Belichick is expected to draw interest for NFL openings in the upcoming hiring cycle. The Tar Heels retained an outside advisory firm to identify coaching candidates to replace Mack Brown, whom they fired at the end of the regular season. North Carolina went 6-6, including 3-5 in the Atlantic Coast Conference. "We've had a tremendous response of people across the country, of agents calling us, coaches, people calling on behalf of other people that are in the industry," North Carolina athletic director Bubba Cunningham said in an in-house interview the school posted online earlier this week. "We are very optimistic of where we are, the interest in our program is just extraordinary, and we'll get a great coach to lead us. Who can lead us in the next three, five, 10 years? We need somebody that can come in and take us from good to great." --Field Level Media
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The supply chain management firm Blue Yonder has confirmed a ransomware attack. The scale of the incident has disrupted its services, and the impact has affected many customers. The logistics company has more than 3,000 clients around the world. According to Blue Yonder, the firm says it has “experienced disruptions to its managed services hosted environment”. Subsequent investigation confirmed that it was a ransomware attack.” This continues: “Since learning of the incident, the Blue Yonder team has been working diligently together with external cybersecurity firms to make progress in their recovery process. We have implemented several defensive and forensic protocols,” the announcement reads. “With respect to the Blue Yonder Azure public cloud environment, we are actively monitoring and currently do not see any suspicious activity.” Following the news of the ransomware attack on Blue Yonder, Digital Journal heard from Steve Cobb, CISO at SecurityScorecard . Cobb begins by laying out the background of the incident and the residual impact: “Blue Yonder, a supply chain software provider serving U.S. and U.K. grocery chains, was hit by a ransomware attack. The attack significantly impacted two of the four largest grocery chains in the U.K., causing operational disruptions and forcing these retailers to revert to backup processes. In the U.S., prominent chains, including Kroger and Albertsons, rely on Blue Yonder, underscoring the potential widespread implications of this incident.” Next Cobb considers why retail is often in the sights of cyber-criminals: “The supplier ecosystem is a highly desirable target for ransomware groups. Third-party breach victims are often not aware of an incident until they receive a ransomware note, allowing time for attackers to infiltrate numerous companies without being detected. These organizations house vast amounts of sensitive data, making them prime targets for threat actors and amplifying the attack surface of a single breach.” Cobb also assesses the targets of the attack: “These supply chain attacks typically focus on data security and privacy concerns”. In terms of what retailers can do to try and prevent future attacks of this nature, Cobb recommends: “Organizations should approach these incidents with a broader focus on cyber resiliency, considering how these attacks impact their ability to serve customers and recover business operations. Organizations must consider this a wake-up call to enhance proactive security measures, including their third-party providers.” In addition, Cobb puts forward: “A robust approach includes continuous monitoring and comprehensive visibility across supply chain risk. By implementing these processes, organizations can navigate their supply chain cybersecurity and better equip themselves for attacks.” Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.Amtrak passengers lament continuing delays following weekend service disruption
Alex Cooper says ‘we had a Zoom call with Trump’s team’ about podcast appearance(Photo by Skitterphoto via Pexels) By Stephen Beech via SWNS Cleaning surfaces every two hours at airports cuts potentially deadly norovirus infections by 83%, according to a new study. Researchers found that airport restaurants had the highest risk of norovirus transmission . But frequently disinfecting surfaces, mask-wearing and antimicrobial surface coatings at the transport hubs can all help prevent the highly contagious illness - also known as the winter vomiting bug - from spreading, say scientists. Study author Professor Nan Zhang, of the Beijing University of Technology in China, said: "Norovirus causes severe vomiting and diarrhea and is responsible for about 685 million cases and 200,000 deaths each year. "The virus is primarily transmitted through surfaces and outbreaks during air travel are especially common, due to the large number of public surfaces in airports." (PLOS Computational Biology via SWNS) To investigate the risk of norovirus infection from surfaces among passengers in different zones of the airport, the research team collected real touch data from 21.3 hours of video, which captured almost 26,000 touches. They developed a model of surface transmission and simulated the risk of infection from norovirus and the effectiveness of various interventions in different airport areas. Zhang said: "The touch data showed that, without any interventions, restaurants at airports had the highest risk of norovirus transmission, with approximately 4.6 out of 51,494 travelers infected. "Disinfecting public surfaces every two hours reduced the risk of norovirus infection per visit to the airport by 83.2%. "In contrast, handwashing every two hours reduced the risk by only 2%, and mask-wearing 50% of the time reduced risk by 48.0%, because masks stop people from touching their face. CDC "Furthermore, using antimicrobial copper or copper-nickel alloy coatings for most public surfaces lowered the infection risk by 15.9% to 99.2%." He says the study, published in the journal PLOS Computational Biology , provides "crucial" insights for developing infection prevention and control strategies specifically tailored for norovirus within airport environments. Zhang noted that the data for the study was collected during the COVID-19 pandemic , so surface-touching behaviors may have been different from normal. But he said that, overall, the simulated results indicated that public surface disinfection, mask-wearing wearing and the use of antimicrobial surfaces are effective ways of controlling the spread of norovirus via surfaces. Zhang added: "Regular surface infection is much more effective than regular handwashing for blocking norovirus transmission via fomite route in airports."Booking Holdings Inc. stock rises Tuesday, outperforms market
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El Salvador's Congress on Monday approved a bill promoted by President Nayib Bukele to roll back a ban on the mining of gold and other metals, dismaying environmentalists. The small Central American nation became the world's first country to outlaw metal mining in 2017, warning of the harmful effects of the chemicals used, like cyanide and mercury. The move by Bukele's predecessor, former left-wing rebel Salvador Sanchez Ceren, reflected a growing rejection of mining by rural communities in the region. But last month, Bukele, who is popular at home for his crackdown on street gangs, signaled that he wanted to change course. The bill to bring back metal mining was approved by 57 deputies out of a total of 60, said Ernesto Castro, head of the legislature -- which is dominated by the ruling party -- as environmental campaigners protested nearby. Critics fear that mining will pollute the Lempa River, which runs through a potential mining zone proposed by Bukele and supplies water to 70 percent of the inhabitants of the capital and surrounding areas. "This wretched mining will punish the people, it will contaminate our waters and rivers and that's an attack on life," activist Vidalina Morales told reporters. Bukele said last month that El Salvador, a country of 6.6 million people, had "potentially" the largest gold deposits per square kilometer in the world. "God placed a gigantic treasure underneath our feet," he wrote on social media, arguing that the mining ban was "absurd." "If we make responsible use of our natural resources, we can change the economy of El Salvador overnight," he said. The new law stipulates that the state will be the only entity authorized to search for, extract and process mined metals. However, the government may do so through companies in which it is a shareholder. The bill prohibits the use of mercury in mining operations, which may not be carried out in protected natural areas or places with important water sources. A survey by Central American University published on Monday revealed that 59 percent of respondents do not consider El Salvador "an appropriate country for metal mining." Since El Salvador dollarized its remittances-reliant economy in 2001, it has registered average annual growth of 2.1 percent. Twenty-seven percent of Salvadorans live in poverty, according to the United Nations Economic Commission for Latin America and the Caribbean, and 70 percent of the workforce operates in the informal sector. Elsewhere in the region, Costa Rica and Honduras have banned open-pit mining, and Panama declared a moratorium on new mining concessions last year after mass protests over plans for a huge copper mine. ob/fj/dr/jgcLisandro Martinez apology, clear Ruben Amorim opinion and trouble with Alejandro Garnacho
Buffalo Sabres (10-9-1, in the Atlantic Division) vs. San Jose Sharks (6-11-5, in the Pacific Division) San Jose, California; Saturday, 8 p.m. EST BETMGM SPORTSBOOK LINE: Sabres -166, Sharks +140; over/under is 6 BOTTOM LINE: The San Jose Sharks host the Buffalo Sabres after Alexander Wennberg's two-goal game against the St. Louis Blues in the Sharks' 3-2 shootout loss. San Jose has a 6-11-5 record overall and a 4-4-1 record on its home ice. The Sharks have a -21 scoring differential, with 54 total goals scored and 75 given up. Buffalo is 10-9-1 overall and 4-4-1 on the road. The Sabres serve 10.7 penalty minutes per game to rank third in the league. The teams meet Saturday for the first time this season. TOP PERFORMERS: Tyler Toffoli has nine goals and six assists for the Sharks. Macklin Celebrini has over the last 10 games. Rasmus Dahlin has five goals and 12 assists for the Sabres. Zachary Benson has over the last 10 games. LAST 10 GAMES: Sharks: 3-4-3, averaging 2.4 goals, 4.5 assists, 2.7 penalties and six penalty minutes while giving up 2.6 goals per game. Sabres: 6-4-0, averaging 3.2 goals, 5.5 assists, five penalties and 10.9 penalty minutes while giving up 2.5 goals per game. INJURIES: Sharks: None listed. Sabres: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .None
Rescata tu AFORE, specialists in recovering retirement savings for foreign workers 11-26-2024 11:16 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: Notorial Image: https://www.getnews.info/wp-content/uploads/2024/11/1732637593.jpeg Recovering retirement savings from Mexico's AFORE system can be a complex process for foreign workers. Many face challenges navigating the legal and administrative hurdles required to access these funds. Rescata tu AFORE [ https://rescatatuafore.com/ ] specializes in the recovery of retirement savings for foreign workers [ https://rescatatuafore.com/como-lo-hacemos/ ], offering tailored solutions designed to streamline the process and ensure clients receive their funds efficiently. This focus has established the company as a trusted partner for expatriates seeking financial clarity. Tailored solutions for recovering retirement savings AFORE accounts are private retirement savings funds managed by Mexican institutions, designed to hold contributions made by workers affiliated with IMSS or ISSSTE. For foreign workers, retrieving these savings after leaving the country can be particularly challenging due to regulatory complexities. Rescata tu AFORE addresses these obstacles by providing personalized services that guide clients through every step of the recovery process. The company's experienced team of economists and legal experts ensures that each case is handled with the utmost professionalism. Their deep understanding of Mexican regulations and international client needs allows them to deliver solutions that are both effective and transparent. Rescata tu AFORE's approach focuses on minimizing delays, avoiding unnecessary complications, and ensuring clients reclaim the funds they are entitled to. A commitment to supporting foreign workers Rescata tu AFORE not only facilitates the recovery of retirement savings but also raises awareness among foreign workers about their right to access these funds. Many expatriates are unaware of the existence of their AFORE accounts or the possibility of retrieving their contributions. By providing clear communication and expert guidance, the company bridges this knowledge gap, empowering workers to take control of their finances. The recovery of retirement savings for foreign workers represents a crucial service for those who have contributed to Mexico's social security system. Rescata tu AFORE continues to stand out for its commitment to efficiency and client satisfaction, ensuring that expatriates can access their savings with confidence and ease. Through their dedication to transparency and personalized service, the company has become a reliable partner for those seeking financial resolution. Media Contact Company Name: Joan Sans Contact Person: Press Office Email: Send Email [ http://www.universalpressrelease.com/?pr=rescata-tu-afore-specialists-in-recovering-retirement-savings-for-foreign-workers ] Country: United States Website: https://rescatatuafore.com/ This release was published on openPR.NASA's stuck astronauts hit 6 months in space. Just 2 more to go
HOUSTON (AP) — The Astros welcomed first baseman Christian Walker to the team Monday, in one of two moves that almost certainly marks the end of Alex Bregman’s time in Houston. Walker signed a $60 million, three-year contract that will pay him $20 million annually just more than a week after the Astros acquired infielder Isaac Paredes from Cubs in the trade that sent outfielder Kyle Tucker to Chicago . “The way I view it right now is Paredes is going to play third base and Walker is going to play first base,” general manager Dana Brown said Monday. “And Bregman’s still a free agent.” The Astros had hoped to re-sign Bregman, the team’s third baseman for the last nine seasons, but Brown said the negotiations stalled. “I thought we made a really competitive offer, showing that we wanted him back,” he said. “But we had to pursue other options. We couldn’t just sit there. We locked in Paredes early in that trade, knowing that he could play third or first and then when the opportunity to add another bat came up we just jumped on it.” The addition of a first baseman was a priority this offseason for the Astros after they released struggling first baseman José Abreu less than halfway through a $58.5 million, three-year contract. “We knew we had to get better at first base,” Brown said. “We pursued (Walker) and we’re excited to have him because we know that we’re going to have a really good first baseman that can defend and also hit the ball on the seats from time to time.” Walked was attracted by the sustained success of the Astros, who won their first two World Series titles in 2017 and '22. “I’ve been watching this team for a while now, and that edge, the energy, the expectation, you can tell that they’re going out there with a standard,” he said. “And I’m very excited to be a part of it.” Walker is looking forward playing on an infield with star second baseman Jose Altuve. He’s fascinated by the success and consistency Altuve has had over his 14-year career. “I get a chance to learn from Jose Altuve,” Walker said. “Nothing really gets better than that.” Brown was asked what he would tell fans disappointed to see the Astros lose another star after George Springer and Carlos Correa left as free agents in recent years. “I would just tell the fans that look, we are very focused on remaining competitive,” he said. “We’re very focused on winning division and going back to the World Series, and I think with these additions that we have the ability to do that. So, I feel strongly that we’re going to be picked to win the division first off. And if our pitching holds up, which I feel strongly about, as well, I think we’ll get deep into the postseason.” The Astros won the AL West for a fourth straight year this season before being swept by the Tigers in an AL Wild Card Series. Walker, who turns 34 during the opening week of the season, hit .251 with 26 homers, 84 RBIs, 55 walks and 133 strikeouts this year. That was down from 2023, when he batted .258 with 33 homers and 103 RBIs as the Diamondbacks reached the World Series. Walker played in 130 games this year, down from 157 in 2023 and 160 in 2022. He was sidelined between July 29 and Sept. 3 by a strained left oblique. He spent the last eight seasons with the Diamondbacks, where he hit 146 homers with 442 RBIs and a .251 batting average. He didn’t secure a full-time job in the big leagues until 2019. He’s provided consistent power over the past six seasons and has grown into an elite defensive first baseman, winning Gold Gloves in each of the past three seasons. Walker played college ball at South Carolina and was drafted by the Baltimore Orioles in 2012. He made his big league debut with the Orioles in 2014 but couldn’t stick in the majors and was claimed off waivers by Atlanta, Cincinnati and Arizona in a five-week span. Walker’s contract has a limited no-trade provision allowing him to block deals to six teams without his consent. He would earn $200,000 for winning an MVP, $175,000 for second, $150,000 for third, $125,000 for fourth and $100,000 for fifth. Walker also would get $100,000 for World Series MVP, $50,000 for League Championship Series MVP and $75,000 apiece for making the All-Star Game or winning a Gold Glove or Silver Slugger Award. Infielder Grae Kessinger was designated for assignment to open a roster spot. AP Baseball Writer Ronald Blum contributed to this report. AP MLB: https://apnews.com/mlbByfield scores in 200th career game as Kings hold off Kraken for 2-1 win