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2024-10-31

It is always harder for the last few points to go down

Key US Inflation Gauge and Spending Pick Up in Solid Economy

2024-10-26

#5 NVDA!!!!

2024-04-28

Share your opinion about this news…

Wall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More

2024-02-28

It is estimatenor it is actual?

US GDP Revised Slightly Lower Despite Stronger Consumer Spending

2024-02-15

Good

US Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline

2023-10-18

$NVIDIA Corp(NVDA)$ Let's see earnings. China counts a minor part of it

2023-07-03

$SEMBCORP INDUSTRIES LTD(U96.SI)$

2023-06-01

$SoFi Technologies Inc.(SOFI)$

2023-05-28

Give back

Nvidia CEO Says Those Without AI Expertise Will Be Left Behind

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is always harder for the last few points to go down&nbsp;","listText":"It is always harder for the last few points to go down&nbsp;","text":"It is always harder for the last few points to go down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366090110828568","repostId":"1101231970","repostType":4,"repost":{"id":"1101231970","kind":"news","pubTimestamp":1730377838,"share":"https://ttm.financial/m/news/1101231970?lang=&edition=fundamental","pubTime":"2024-10-31 20:30","market":"us","language":"en","title":"Key US Inflation Gauge and Spending Pick Up in Solid Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1101231970","media":"Bloomberg","summary":"The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsi","content":"<html><head></head><body><p>The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.</p><p style=\"text-align: start;\">The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3% in September, and 2.7% from a year earlier, according to Bureau of Economic Analysis data out Thursday. Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.</p><p>Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.</p><p style=\"text-align: start;\">Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.</p><p style=\"text-align: start;\">Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.</p><p style=\"text-align: start;\">Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.</p><p style=\"text-align: start;\">The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.</p><p style=\"text-align: start;\">Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Key US Inflation Gauge and Spending Pick Up in Solid Economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKey US Inflation Gauge and Spending Pick Up in Solid Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101231970","content_text":"The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3% in September, and 2.7% from a year earlier, according to Bureau of Economic Analysis data out Thursday. Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364103952523360,"gmtCreate":1729902890791,"gmtModify":1729902894487,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"#5 NVDA!!!!","listText":"#5 NVDA!!!!","text":"#5 NVDA!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364103952523360","isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300019064873024,"gmtCreate":1714266365138,"gmtModify":1714266368448,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300019064873024","repostId":"1174093010","repostType":4,"repost":{"id":"1174093010","kind":"news","pubTimestamp":1714261383,"share":"https://ttm.financial/m/news/1174093010?lang=&edition=fundamental","pubTime":"2024-04-28 07:43","market":"us","language":"en","title":"Wall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More","url":"https://stock-news.laohu8.com/highlight/detail?id=1174093010","media":"The Street","summary":"Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week?","content":"<html><head></head><body><p>Wall Street experts reveal the five stocks to buy, five stocks to sell this week</p><p>What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street&#39;s best analysts during the week of April 22-26.</p><p><strong>Top 5 Buy Calls:</strong></p><p><strong>1. Tesla upgraded to Buy at BofA after Q1 &#34;clears deck&#34; of negative catalysts</strong></p><p>BofA upgraded <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> to Buy from Neutral with an unchanged price target of $220 after the company reported what the firm says were better-than-expected Q1 results. This, coupled with management commentary, addressed key concerns and &#34;revitalized the growth narrative,&#34; contends the firm, which sees negative catalysts &#34;knocked out&#34; with the Q1 report and positive catalysts building through the rest of the year.</p><p><strong>2. Airbnb upgraded to Buy from Neutral at Mizuho</strong></p><p>Mizuho upgraded <a href=\"https://laohu8.com/S/ABNB\">Airbnb </a> to Buy from Neutral with a price target of $200, up from $150. The potential launch of sponsored listings is expected to generate double-digit EBITDA upside over the long-term, the firm tells investors in a research note. The company&#39;s FY24 consensus room night growth has also been de-risked, leaving limited downside concerns, the firm states. Incremental demand from Summer Olympics and share gains from elevated hotel pricing should also create opportunities for Airbnb to exceed room night growth estimates, Mizuho added.</p><p><strong>3. Benchmark starts Qualcomm with a Buy, expects leadership in AI on smartphones</strong></p><p>Benchmark initiated coverage of <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a> with a Buy rating and $200 price target. As a &#34;wireless industry leader,&#34; the firm believes Qualcomm is &#34;particularly well positioned to capitalize&#34; on the industry&#39;s trends of shifting AI computational inferencing workloads to the very edges of the network. The company is leveraging its strengths in wireless connectivity and computing to &#34;lead the market in the ramp of GenAI smartphones and AI-PCs,&#34; with both likely sparking long-term replacement cycles in their respective markets, Benchmark tells investors.</p><p><strong>4. Roblox upgraded to Overweight at JPMorgan</strong></p><p>JPMorgan upgraded <a href=\"https://laohu8.com/S/RBLX\">Roblox</a> to Overweight from Neutral with a price target of $48, up from $41. Despite addressing concerns about its ability to better monetize users and age up, with 20% bookings growth each of the past four quarters and management committing to 100-300 basis orients of annual margin expansion over the next 3-5 years, investors remain skeptical around Roblox&#39;s execution and third-party data has been mixed in recent months, the firm tells investors in a research note. JPMorgan thinks this presents a compelling entry point for a company growing bookings 20%, exiting a heavy investment cycle, and ramping two new revenue streams in advertising commerce in the second half of 2024. The firm believes Roblox has a significant monetization opportunity.</p><p><strong>5. Wells Fargo upgrades Five Below to Overweight, says story not broken</strong></p><p>Wells Fargo upgraded <a href=\"https://laohu8.com/S/FIVE\">Five Below </a> to Overweight from Equal Weight with an unchanged price target of $180. The company &#34;has had its share of issues and now seems poised to lower guidance against a choppy backdrop,&#34; the firm tells investors in a research note. However, Wells does not believe the story is broken and says the stock&#39;s risk/reward &#34;looks very good for those with some patience.&#34; Five Below has been outpacing the discretionary comps of most peers, says the firm, which sees the company as an attractive growth name that should get back on track.</p><p><strong>Top 5 Sell Calls:</strong></p><p><strong>1. Monster Beverage double downgraded to Sell at Truist</strong></p><p>Truist downgraded <a href=\"https://laohu8.com/S/MNST\">Monster Beverage </a> to Sell from Buy with a price target of $46, down from $65. While the firm still views Monster as &#34;a great company,&#34; it no longer sees it as a high growth story. In addition, Truist believes the Street is too bullish on a gross margin recovery for the company despite structural headwinds and it sees &#34;no reason why the stock should continue to hold a super premium multiple to its multinational beverage peers.&#34;</p><p><strong>2. Wolfe downgrades Warner Bros. Discovery to sell on peak EBITDA fears</strong></p><p>Wolfe Research downgraded <a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a> to Underperform from Peer Perform with a $7 price target. The firm says that with 80% of its EBITDA from linear TV and merger synergies done, it fears the company&#39;s EBITDA peaked in 2023. Warner and Max &#34;need fuel to grow, or a new White House to sell.&#34; Wolfe further reduced its 2024E EBITDA forecast by 16% due to weaker studio results, Max&#39;s international investments, and deterioration of linear advertising. It believes Warner Bros. Discovery&#39;s 2025 and 2025 outlook seem riskier than 2023 and 2024.</p><p><strong>3. Molson Coors downgraded to Sell at Citi</strong></p><p>Citi downgraded <a href=\"https://laohu8.com/S/TAP\">Molson Coors </a> to Sell from Neutral with a price target of $56, down from $66. The company is starting to cycle a record year in 2023, which &#34;greatly benefitted&#34; from large U.S. market share benefits on the Coors Light and Miller Lite brands from the Bud Light controversy starting in mid-April 2023, the firm tells investors in a research note. Citi says that while Molson has sounded bullish on Q1 trends and spring shelf space resets, it believes cycling a record sales and profit year &#34;could be extremely difficult.&#34; Scanner data for early April suggest sales and volume trends for the company&#39;s beer brands have turned negative, which Citi expects to continue as comparisons get more difficult, the firm notes.</p><p><strong>4. Victoria&#39;s Secret initiated with a Sell at Goldman Sachs</strong></p><p>Goldman Sachs initiated coverage of <a href=\"https://laohu8.com/S/VSCO\">Victoria&#39;s Secret</a> with a Sell rating and $14 price target. The firm views Victoria&#39;s as a market leader within the intimates category with &#34;several idiosyncratic initiatives&#34; that should help to improve its positioning in the long term. However, Goldman sees a less attractive risk/reward relative to other companies in the brands and apparel sector over the near term. The company&#39;s core customer is more price sensitive in comparison to other brands and it is a relative market share loser to fast-growing competitors, contends the firm.</p><p><strong>5. Altice USA resumed with an Underperform at BofA</strong></p><p>BofA resumed coverage of <a href=\"https://laohu8.com/S/ATUS\">Altice USA </a> with an Underperform rating and $1.50 price target. Merger speculation initially reported by Bloomberg in late February &#34;has subsided&#34; and the firm is reassessing the company&#39;s fundamental outlook. BofA believes that Altice USA &#34;remains fundamentally challenged&#34; and does not believe a sale to Charter (CHTR) is likely in the near-term.</p></body></html>","source":"lsy1649979459173","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-28 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3904876&headline=TSLA;ABNB;QCOM;RBLX;FIVE;MNST;WBD;TAP;VSCO;ATUS;CHTR-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3904876&headline=TSLA;ABNB;QCOM;RBLX;FIVE;MNST;WBD;TAP;VSCO;ATUS;CHTR-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thefly.com/landingPageNews.php?id=3904876&headline=TSLA;ABNB;QCOM;RBLX;FIVE;MNST;WBD;TAP;VSCO;ATUS;CHTR-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174093010","content_text":"Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street's best analysts during the week of April 22-26.Top 5 Buy Calls:1. Tesla upgraded to Buy at BofA after Q1 \"clears deck\" of negative catalystsBofA upgraded Tesla to Buy from Neutral with an unchanged price target of $220 after the company reported what the firm says were better-than-expected Q1 results. This, coupled with management commentary, addressed key concerns and \"revitalized the growth narrative,\" contends the firm, which sees negative catalysts \"knocked out\" with the Q1 report and positive catalysts building through the rest of the year.2. Airbnb upgraded to Buy from Neutral at MizuhoMizuho upgraded Airbnb  to Buy from Neutral with a price target of $200, up from $150. The potential launch of sponsored listings is expected to generate double-digit EBITDA upside over the long-term, the firm tells investors in a research note. The company's FY24 consensus room night growth has also been de-risked, leaving limited downside concerns, the firm states. Incremental demand from Summer Olympics and share gains from elevated hotel pricing should also create opportunities for Airbnb to exceed room night growth estimates, Mizuho added.3. Benchmark starts Qualcomm with a Buy, expects leadership in AI on smartphonesBenchmark initiated coverage of Qualcomm with a Buy rating and $200 price target. As a \"wireless industry leader,\" the firm believes Qualcomm is \"particularly well positioned to capitalize\" on the industry's trends of shifting AI computational inferencing workloads to the very edges of the network. The company is leveraging its strengths in wireless connectivity and computing to \"lead the market in the ramp of GenAI smartphones and AI-PCs,\" with both likely sparking long-term replacement cycles in their respective markets, Benchmark tells investors.4. Roblox upgraded to Overweight at JPMorganJPMorgan upgraded Roblox to Overweight from Neutral with a price target of $48, up from $41. Despite addressing concerns about its ability to better monetize users and age up, with 20% bookings growth each of the past four quarters and management committing to 100-300 basis orients of annual margin expansion over the next 3-5 years, investors remain skeptical around Roblox's execution and third-party data has been mixed in recent months, the firm tells investors in a research note. JPMorgan thinks this presents a compelling entry point for a company growing bookings 20%, exiting a heavy investment cycle, and ramping two new revenue streams in advertising commerce in the second half of 2024. The firm believes Roblox has a significant monetization opportunity.5. Wells Fargo upgrades Five Below to Overweight, says story not brokenWells Fargo upgraded Five Below  to Overweight from Equal Weight with an unchanged price target of $180. The company \"has had its share of issues and now seems poised to lower guidance against a choppy backdrop,\" the firm tells investors in a research note. However, Wells does not believe the story is broken and says the stock's risk/reward \"looks very good for those with some patience.\" Five Below has been outpacing the discretionary comps of most peers, says the firm, which sees the company as an attractive growth name that should get back on track.Top 5 Sell Calls:1. Monster Beverage double downgraded to Sell at TruistTruist downgraded Monster Beverage  to Sell from Buy with a price target of $46, down from $65. While the firm still views Monster as \"a great company,\" it no longer sees it as a high growth story. In addition, Truist believes the Street is too bullish on a gross margin recovery for the company despite structural headwinds and it sees \"no reason why the stock should continue to hold a super premium multiple to its multinational beverage peers.\"2. Wolfe downgrades Warner Bros. Discovery to sell on peak EBITDA fearsWolfe Research downgraded Warner Bros. Discovery to Underperform from Peer Perform with a $7 price target. The firm says that with 80% of its EBITDA from linear TV and merger synergies done, it fears the company's EBITDA peaked in 2023. Warner and Max \"need fuel to grow, or a new White House to sell.\" Wolfe further reduced its 2024E EBITDA forecast by 16% due to weaker studio results, Max's international investments, and deterioration of linear advertising. It believes Warner Bros. Discovery's 2025 and 2025 outlook seem riskier than 2023 and 2024.3. Molson Coors downgraded to Sell at CitiCiti downgraded Molson Coors  to Sell from Neutral with a price target of $56, down from $66. The company is starting to cycle a record year in 2023, which \"greatly benefitted\" from large U.S. market share benefits on the Coors Light and Miller Lite brands from the Bud Light controversy starting in mid-April 2023, the firm tells investors in a research note. Citi says that while Molson has sounded bullish on Q1 trends and spring shelf space resets, it believes cycling a record sales and profit year \"could be extremely difficult.\" Scanner data for early April suggest sales and volume trends for the company's beer brands have turned negative, which Citi expects to continue as comparisons get more difficult, the firm notes.4. Victoria's Secret initiated with a Sell at Goldman SachsGoldman Sachs initiated coverage of Victoria's Secret with a Sell rating and $14 price target. The firm views Victoria's as a market leader within the intimates category with \"several idiosyncratic initiatives\" that should help to improve its positioning in the long term. However, Goldman sees a less attractive risk/reward relative to other companies in the brands and apparel sector over the near term. The company's core customer is more price sensitive in comparison to other brands and it is a relative market share loser to fast-growing competitors, contends the firm.5. Altice USA resumed with an Underperform at BofABofA resumed coverage of Altice USA  with an Underperform rating and $1.50 price target. Merger speculation initially reported by Bloomberg in late February \"has subsided\" and the firm is reassessing the company's fundamental outlook. BofA believes that Altice USA \"remains fundamentally challenged\" and does not believe a sale to Charter (CHTR) is likely in the near-term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278960325898392,"gmtCreate":1709127151240,"gmtModify":1709127155274,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"It is estimatenor it is actual?","listText":"It is estimatenor it is actual?","text":"It is estimatenor it is actual?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278960325898392","repostId":"1178537878","repostType":4,"repost":{"id":"1178537878","kind":"news","pubTimestamp":1709127000,"share":"https://ttm.financial/m/news/1178537878?lang=&edition=fundamental","pubTime":"2024-02-28 21:30","market":"us","language":"en","title":"US GDP Revised Slightly Lower Despite Stronger Consumer Spending","url":"https://stock-news.laohu8.com/highlight/detail?id=1178537878","media":"Bloomberg","summary":"The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.Gross domestic product rose at a revis","content":"<html><head></head><body><p style=\"text-align: start;\">The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.</p><p style=\"text-align: start;\">Gross domestic product rose at a revised 3.2% annualized pace in the fourth quarter, compared with a prior estimate of 3.3%. Consumer spending advanced at a 3% rate, faster than initially estimated, Bureau of Economic Analysis figures showed Wednesday. Inflation was revised higher.</p><p style=\"text-align: start;\">Last year the economy expanded 2.5%, marking an acceleration from 2022 and far outperforming the broader eurozone and Japan.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdc75a053085134a9bc75ab672a07722\" title=\"\" tg-width=\"944\" tg-height=\"426\"/></p><p>The economy last year ended up surprising many economists who expected the US would slip into a recession after aggressive Federal Reserve interest-rate hikes. Instead, a robust labor market supported consumer spending and kept the economy moving forward.</p><p>While economists largely expect growth to cool somewhat this year as high borrowing costs restrain household demand and business investment, they still anticipate the US can avoid a downturn.</p><p style=\"text-align: start;\">The Fed’s preferred inflation metric — the personal consumption expenditures price index — rose at a 1.8% annual rate in the fourth quarter. Excluding food and energy, the gauge increased at a 2.1% pace, the Bureau of Economic Analysis report showed. Both were marginally higher than initially estimated.</p><p style=\"text-align: start;\">Inventories subtracted 0.27 percentage point from GDP, compared with a slight boost in the initial fourth-quarter estimate. Personal consumption added 2 points.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US GDP Revised Slightly Lower Despite Stronger Consumer Spending</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS GDP Revised Slightly Lower Despite Stronger Consumer Spending\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-28 21:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-28/us-economy-expanded-at-a-revised-3-2-pace-in-fourth-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.Gross domestic product rose at a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-28/us-economy-expanded-at-a-revised-3-2-pace-in-fourth-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-28/us-economy-expanded-at-a-revised-3-2-pace-in-fourth-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178537878","content_text":"The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.Gross domestic product rose at a revised 3.2% annualized pace in the fourth quarter, compared with a prior estimate of 3.3%. Consumer spending advanced at a 3% rate, faster than initially estimated, Bureau of Economic Analysis figures showed Wednesday. Inflation was revised higher.Last year the economy expanded 2.5%, marking an acceleration from 2022 and far outperforming the broader eurozone and Japan.The economy last year ended up surprising many economists who expected the US would slip into a recession after aggressive Federal Reserve interest-rate hikes. Instead, a robust labor market supported consumer spending and kept the economy moving forward.While economists largely expect growth to cool somewhat this year as high borrowing costs restrain household demand and business investment, they still anticipate the US can avoid a downturn.The Fed’s preferred inflation metric — the personal consumption expenditures price index — rose at a 1.8% annual rate in the fourth quarter. Excluding food and energy, the gauge increased at a 2.1% pace, the Bureau of Economic Analysis report showed. Both were marginally higher than initially estimated.Inventories subtracted 0.27 percentage point from GDP, compared with a slight boost in the initial fourth-quarter estimate. Personal consumption added 2 points.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":274295558922528,"gmtCreate":1708004485608,"gmtModify":1708004491324,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274295558922528","repostId":"1101595854","repostType":2,"repost":{"id":"1101595854","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1708003800,"share":"https://ttm.financial/m/news/1101595854?lang=&edition=fundamental","pubTime":"2024-02-15 21:30","market":"us","language":"en","title":"US Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1101595854","media":"Reuters","summary":"US Retail Sales MoM Actual -0.8% (Forecast -0.2%, Previous 0.6%)","content":"<html><head></head><body><p>WASHINGTON, Feb 15 (Reuters) - U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.</p><p>Retail sales dropped 0.8% last month, the Commerce Department&#39;s Census Bureau said on Thursday, also likely weighed down by winter storms. Data for December was revised lower to show sales rising 0.4% instead of 0.6% as previously reported.</p><p>Economists polled by Reuters had forecast retail sales dipping 0.1%. Retail sales are mostly goods and are not adjusted for inflation. The fall followed a fairly strong performance over the holiday season. December sales are also partially flattered by generous seasonal factors, the model the government uses to strip out seasonal fluctuations from the data.</p><p>Unadjusted retail sales typically fall in January. The seasonal factors were less supportive for this January compared to previous years, resulting in the large drop in adjusted sales last month. Economists had cautioned before the release of the data not to read too much into any sharp drop.</p><p>&#34;It is hard to know exactly what the &#39;right&#39; seasonal factor is for a given month but the seasonal factors associated with December 2023 and January 2024 look unusual relative to the ones associated with these months in earlier years,&#34; said Daniel Silver, an economist at JP Morgan in New York. &#34;The individual seasonally adjusted changes for these months likely should be discounted when trying to determine the trend for the data.&#34;</p><p>Though momentum is likely to slow this year, consumer spending remains healthy, thanks to a resilient labor market and rising household purchasing power as inflation subsides.</p><p>A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 212,000 for the week ended Feb. 10.</p><p>Claims are bouncing around low levels despite a recent rush of high-profile layoffs, mostly in the technology and media sectors. Economists had forecast 220,000 claims for the latest week. With the labor market still tight, some of the laid off workers could be landing new jobs easily.</p><p>Companies are mostly reluctant to layoff workers after struggling to fill jobs during and after the COVID-19 pandemic.</p><p>Retail sales excluding automobiles, gasoline, building materials and food services decreased 0.4% in January. The so-called core retail sales measure corresponds most closely with the consumer spending component of GDP.</p><p>Core sales for December were revised down to show them rising 0.6% instead of the previously reported 0.8%. Economists are forecasting strong services spending growth in January, which should keep overall consumer spending afloat.</p><p>Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a brisk clip in the fourth quarter, contributing to the economy&#39;s 3.3% annualized growth pace. The economy expanded at a 4.9% rate in the July-September quarter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-02-15 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON, Feb 15 (Reuters) - U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.</p><p>Retail sales dropped 0.8% last month, the Commerce Department&#39;s Census Bureau said on Thursday, also likely weighed down by winter storms. Data for December was revised lower to show sales rising 0.4% instead of 0.6% as previously reported.</p><p>Economists polled by Reuters had forecast retail sales dipping 0.1%. Retail sales are mostly goods and are not adjusted for inflation. The fall followed a fairly strong performance over the holiday season. December sales are also partially flattered by generous seasonal factors, the model the government uses to strip out seasonal fluctuations from the data.</p><p>Unadjusted retail sales typically fall in January. The seasonal factors were less supportive for this January compared to previous years, resulting in the large drop in adjusted sales last month. Economists had cautioned before the release of the data not to read too much into any sharp drop.</p><p>&#34;It is hard to know exactly what the &#39;right&#39; seasonal factor is for a given month but the seasonal factors associated with December 2023 and January 2024 look unusual relative to the ones associated with these months in earlier years,&#34; said Daniel Silver, an economist at JP Morgan in New York. &#34;The individual seasonally adjusted changes for these months likely should be discounted when trying to determine the trend for the data.&#34;</p><p>Though momentum is likely to slow this year, consumer spending remains healthy, thanks to a resilient labor market and rising household purchasing power as inflation subsides.</p><p>A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 212,000 for the week ended Feb. 10.</p><p>Claims are bouncing around low levels despite a recent rush of high-profile layoffs, mostly in the technology and media sectors. Economists had forecast 220,000 claims for the latest week. With the labor market still tight, some of the laid off workers could be landing new jobs easily.</p><p>Companies are mostly reluctant to layoff workers after struggling to fill jobs during and after the COVID-19 pandemic.</p><p>Retail sales excluding automobiles, gasoline, building materials and food services decreased 0.4% in January. The so-called core retail sales measure corresponds most closely with the consumer spending component of GDP.</p><p>Core sales for December were revised down to show them rising 0.6% instead of the previously reported 0.8%. Economists are forecasting strong services spending growth in January, which should keep overall consumer spending afloat.</p><p>Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a brisk clip in the fourth quarter, contributing to the economy&#39;s 3.3% annualized growth pace. The economy expanded at a 4.9% rate in the July-September quarter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-15/us-retail-sales-drop-by-most-in-nearly-a-year-after-holidays","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101595854","content_text":"WASHINGTON, Feb 15 (Reuters) - U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.Retail sales dropped 0.8% last month, the Commerce Department's Census Bureau said on Thursday, also likely weighed down by winter storms. Data for December was revised lower to show sales rising 0.4% instead of 0.6% as previously reported.Economists polled by Reuters had forecast retail sales dipping 0.1%. Retail sales are mostly goods and are not adjusted for inflation. The fall followed a fairly strong performance over the holiday season. December sales are also partially flattered by generous seasonal factors, the model the government uses to strip out seasonal fluctuations from the data.Unadjusted retail sales typically fall in January. The seasonal factors were less supportive for this January compared to previous years, resulting in the large drop in adjusted sales last month. Economists had cautioned before the release of the data not to read too much into any sharp drop.\"It is hard to know exactly what the 'right' seasonal factor is for a given month but the seasonal factors associated with December 2023 and January 2024 look unusual relative to the ones associated with these months in earlier years,\" said Daniel Silver, an economist at JP Morgan in New York. \"The individual seasonally adjusted changes for these months likely should be discounted when trying to determine the trend for the data.\"Though momentum is likely to slow this year, consumer spending remains healthy, thanks to a resilient labor market and rising household purchasing power as inflation subsides.A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 212,000 for the week ended Feb. 10.Claims are bouncing around low levels despite a recent rush of high-profile layoffs, mostly in the technology and media sectors. Economists had forecast 220,000 claims for the latest week. With the labor market still tight, some of the laid off workers could be landing new jobs easily.Companies are mostly reluctant to layoff workers after struggling to fill jobs during and after the COVID-19 pandemic.Retail sales excluding automobiles, gasoline, building materials and food services decreased 0.4% in January. The so-called core retail sales measure corresponds most closely with the consumer spending component of GDP.Core sales for December were revised down to show them rising 0.6% instead of the previously reported 0.8%. Economists are forecasting strong services spending growth in January, which should keep overall consumer spending afloat.Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a brisk clip in the fourth quarter, contributing to the economy's 3.3% annualized growth pace. The economy expanded at a 4.9% rate in the July-September quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":231884069273840,"gmtCreate":1697621554372,"gmtModify":1697623134352,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>Let's see earnings. China counts a minor part of it&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>Let's see earnings. China counts a minor part of it&nbsp;","text":"$NVIDIA Corp(NVDA)$ Let's see earnings. China counts a minor part of it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/231884069273840","isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193758735433880,"gmtCreate":1688356543646,"gmtModify":1688357016591,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$SEMBCORP INDUSTRIES LTD(U96.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193758735433880","isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182739122761840,"gmtCreate":1685623123845,"gmtModify":1685623453698,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$&nbsp;</a>","text":"$SoFi Technologies Inc.(SOFI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182739122761840","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979028204,"gmtCreate":1685275681609,"gmtModify":1685276587969,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"Give back","listText":"Give back","text":"Give back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979028204","repostId":"1149444681","repostType":2,"repost":{"id":"1149444681","kind":"news","pubTimestamp":1685265060,"share":"https://ttm.financial/m/news/1149444681?lang=&edition=fundamental","pubTime":"2023-05-28 17:11","market":"us","language":"en","title":"Nvidia CEO Says Those Without AI Expertise Will Be Left Behind","url":"https://stock-news.laohu8.com/highlight/detail?id=1149444681","media":"NVIDIA Blog","summary":"“You are running for food, or you are running from becoming food. And often times, you can’t tell wh","content":"<html><head></head><body><p><em>“You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.”</em></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0feca00aed5f110fa71b5bea665f4150\" tg-width=\"965\" tg-height=\"511\"/></p><p style=\"text-align: start;\">NVIDIA founder and CEO Jensen Huang today (May 26) urged graduates of National Taiwan University to run hard to seize the unprecedented opportunities that AI will present, but embrace the inevitable failures along the way.</p><p style=\"text-align: start;\">Whatever you pursue, he told the 10,000 graduates of the island’s premier university, do it with passion and conviction — and stay humble enough to learn the hard lessons that await.</p><p style=\"text-align: start;\">“Whatever it is, run after it like we did. Run. Don’t walk,” Huang said, having swapped his signature black leather jacket for a black graduation robe, with the school’s plum-blossom emblem highlighting a royal blue, white and aqua collar.</p><p style=\"text-align: start;\">“Remember, either you are running for food; or you are running from becoming food. And often times, you can’t tell which. Either way, run.”</p><p style=\"text-align: start;\">Huang, who moved from Taiwan when he was young, recognized his parents in the audience, and shared three stories of initial failures and retreat. He called them instrumental in helping forge NVIDIA’s character during its three-decade journey from a three-person gaming-graphics startup to a global AI leader worth nearly a trillion dollars.</p><p style=\"text-align: start;\">“I was … successful — until I started NVIDIA,” he said. “At NVIDIA, I experienced failures — great big ones. All humiliating and embarrassing. Many nearly doomed us.”</p><p style=\"text-align: start;\">The first involved a key early contract the company won to help Sega build a gaming console. Rapid changes in the industry forced NVIDIA to give up the contract in a near-death brush with bankruptcy, which Sega’s leadership helped avert.</p><p style=\"text-align: start;\">“Confronting our mistake and, with humility, asking for help saved NVIDIA,” he said.</p><p style=\"text-align: start;\">The second was the decision in 2007 to put CUDA into all the company’s GPUs, enabling them to crunch data in addition to handling 3D graphics. It was an expensive, long-term investment that drew much criticism didn’t pay off for years until the chips started being used for machine learning.</p><p style=\"text-align: start;\">“Our market cap hovered just above a billion dollars,” he recalled. “We suffered many years of poor performance. Our shareholders were skeptical of CUDA and preferred we improve profitability.”</p><p style=\"text-align: start;\">The third was the decision in 2010 to charge into the promising mobile-phone market as graphics-rich capabilities were coming into reach. The market quickly commoditized, though, and NVIDIA retreated just as quickly, taking initial heat but opening the door to investing in promising new markets — robotics and self-driving cars.</p><p style=\"text-align: start;\">“Our strategic retreat paid off,” he said. “By leaving the phone market, we opened our minds to invent a new one.”</p><p style=\"text-align: start;\">Huang told grads that of the parallels in terms of boundless promise between the world he entered upon graduating four decades ago, on the cusp of the PC revolution, and the brave new age of AI they are entering today.</p><p style=\"text-align: start;\">“For your journey, take along some of my learnings,” he said. Admit mistakes and ask for help; endure pain and suffering to realize your dreams; and make sacrifices to dedicate yourself to a life of purpose.</p><h3 style=\"text-align: start;\">Full Transcript: NVIDIA CEO Jensen Huang&#39;s Commencement Address at National Taiwan University</h3><p style=\"text-align: start;\">Ladies and gentlemen, esteemed faculty members, distinguished guests, proud parents, and above all, the 2023 graduating class of the National Taiwan University. Today is a very special day for you, and a dream come true for your parents.</p><p style=\"text-align: start;\">You should be moving out soon. It is surely a day of pride and joy.So, your parents have made sacrifices to see you on this day.  My parents are here, and so is my brother. Let&#39;s show all of our parents and our grandparents, many of them are here, our appreciation.</p><p style=\"text-align: start;\">I came to NTU for the first time over a decade ago.  Dr. Chen invited me to visit his computational physics lab. As I recall, his son, based in Silicon Valley, had learned of NVIDIA&#39;s CUDA invention and recommended his father utilize it for his quantum physics simulations.</p><p style=\"text-align: start;\">When I arrived, he opened the door to show me what he had made. NVIDIA GeForce gaming cards filled the room, plugged into open PC motherboards, and sitting on metal shelves in the aisles were oscillating platform fans.</p><p style=\"text-align: start;\">Dr. Chen had built a homemade supercomputer, the Taiwanese Way, out of gaming graphics cards. He started here, an early example of NVIDIA&#39;s journey.<br/>He was so proud, and he said to me, Mr. Huang, because of your work, I can do my life&#39;s work. Those words touch me to this day, and perfectly capture our company&#39;s purpose, to help the Einstein and Da Vinci of our time do their life&#39;s work.</p><p style=\"text-align: start;\">I am so happy to be back at NTU, and to be your commencement address.  The world was simpler when I graduated from Oregon State University.  TVs were not flat yet. There was no cable television, and MTV.</p><p style=\"text-align: start;\">And the words mobile and phone didn&#39;t go together. The year was 1984. The IBM PC-AT and Apple Macintosh launched the PC revolution.</p><p style=\"text-align: start;\">And started the chip and software industry that we know today. You enter a far more complex world, with geopolitical, social, and environmental changes and challenges.</p><p style=\"text-align: start;\">Surrounded by technology, we are now perpetually connected, and immersed in a digital world that parallels our real world. Cars are starting to drive by themselves.</p><h3 style=\"text-align: start;\">AI will create new jobs that didn&#39;t exist before</h3><p style=\"text-align: start;\">Forty years after the computer industry created the home PC, we invented artificial intelligence. Like software that automatically drives a car, or studies x-ray images, AI software has opened the door for computers to automate tasks for the world&#39;s largest, multi-trillion dollars of industries.  </p><p style=\"text-align: start;\">Healthcare, financial services, transportation, and manufacturing. AI has opened immense opportunities.</p><p style=\"text-align: start;\">Agile companies will take advantage of AI, and boost their position.  Companies less so, will perish. Entrepreneurs, many of them here today, will start new companies.</p><p style=\"text-align: start;\">And like in every computing era before, create new industries.  AI will create new jobs that didn&#39;t exist before. Like data engineering, prompt engineering, AI factory operations, and AI safety engineers.</p><p style=\"text-align: start;\">These are jobs that never existed before.  Automated tasks will obsolete some jobs.  And for sure, AI will change every job. Supercharging the performance of programmers, designers, artists, marketers, and manufacturing planners.</p><p style=\"text-align: start;\">Just as every generation before you embraced technologies to succeed, every company, and you, must learn to take advantage of AI. And do amazing things with an AI co-pilot by your side.</p><p style=\"text-align: start;\">While some worry that AI may take their jobs, someone who expert with AI will. We are at the beginning of a major technology era, like PC, internet, mobile, and cloud.  But AI is far more fundamental because every computing layer has been reinvented, from how we write software to how it&#39;s processed.</p><p style=\"text-align: start;\">AI has reinvented computing from the ground up.  In every way, this is a rebirth of the computer industry. And a golden opportunity for the companies of Taiwan.</p><p style=\"text-align: start;\">You are the foundation and bedrock of the computer industry. Within the next decade, our industry will replace over a trillion dollars of the world&#39;s traditional computers with new, accelerated AI computers.</p><h3 style=\"text-align: start;\">The first story of NVIDIA: Confronting mistakes and asking for help</h3><p style=\"text-align: start;\">My journey started 40 years before yours.  1984 was a perfect year to graduate. I predict that 2023 will be as well.</p><p style=\"text-align: start;\">What can I tell you as you begin your journey?  Today is the most successful day of your life so far.  You&#39;re graduating from the National Taiwan University. I was also successful until I started NVIDIA.</p><p style=\"text-align: start;\">At NVIDIA, I experienced failures.  Great big ones.  All humiliating and embarrassing. Many nearly doomed us.</p><p style=\"text-align: start;\">Let me tell you three NVIDIA stories that define us today.  </p><p style=\"text-align: start;\">We founded NVIDIA to create accelerated computing. Our first application was 3D graphics for PC gaming.</p><p style=\"text-align: start;\">We invented an unconventional 3D approach called forward texture mapping and curves.  Our approach was substantially lower cost. We won a contract with SEGA to build their game console, which attracted games for our platform and funded our company.</p><p style=\"text-align: start;\">After one year of development, we realized our architecture was the wrong strategy.  It was technically poor. And Microsoft was about to announce Windows 95 Direct 3D based on inverse texture mapping and triangles.</p><p style=\"text-align: start;\">Many companies were already working on 3D chips to support this standard. If we completed SEGA&#39;s game console, we would have built inferior technology, be incompatible with Windows, and be too far behind to catch up.</p><p style=\"text-align: start;\">But we would be out of money if we didn&#39;t finish the contract.  Either way, we would be out of business. I contacted the CEO of SEGA and explained that our invention was the wrong approach.</p><p style=\"text-align: start;\">That SEGA should find another partner.  And that we could not complete the contract and the console.  We had to stop. But I needed Sega to pay us in whole. Or NVIDIA would be out of business.  </p><p style=\"text-align: start;\">I was embarrassed to ask. Irimajiri-san, the CEO of SEGA, to his credit and my amazement, agreed.</p><p style=\"text-align: start;\">His understanding and generosity gave us six months to live.  With that, we built RIVA 128.  Just as we were running out of money. RIVA 128 shocked the young 3D market, put us on the map, and saved the company.</p><p style=\"text-align: start;\">The strong demand for our chip led me back to Taiwan after leaving at the age of four to meet Morris Chang at TSMC and started a partnership that has lasted 25 years. Confronting our mistake and with humility asking for help, save NVIDIA.</p><p style=\"text-align: start;\">These traits are the hardest for the brightest and most successful like yourself. </p><h3 style=\"text-align: start;\">The second story of NVIDIA: Endure pain and suffering needed to realize your dreams</h3><p style=\"text-align: start;\">In 2007, we announced CUDA GPU Accelerated Computing. Our aspiration was for CUDA to become a programming model that boosts applications from scientific computing and physics simulations to image processing. Creating a new computing model is incredibly hard and rarely done in history.</p><p style=\"text-align: start;\">The CPU computing model has been the standard for 60 years since the IBM System 360. CUDA needed developers to write applications and demonstrate the benefits of the GPU.</p><p style=\"text-align: start;\">Developers needed a large installed base.  A large CUDA installed base needed customers buying new applications. To solve the chicken or the egg problem, we used GeForce, our gaming GPU, which already had a large market of gamers, to build the installed base.</p><p style=\"text-align: start;\">But the added cost of CUDA was very high.  NVIDIA&#39;s profits took a huge hit for many years. Our market cap hovered just above $1 billion.<br/>We suffered many years of poor performance.  Our shareholders were skeptical of CUDA.  And preferred we focused on improving profitability. But we persevered.</p><p style=\"text-align: start;\">We believed a time for accelerated computing would come.  We created a conference called GTC and promoted CUDA tirelessly worldwide. Then the applications came.</p><p style=\"text-align: start;\">Seismic processing, CT reconstruction, molecular dynamics, particle physics, fluid dynamics, and image processing. One science domain after another, they came.</p><p style=\"text-align: start;\">We worked with each developer to write their algorithms and achieved incredible speedups. Then, in 2012, AI researchers discovered CUDA.</p><p style=\"text-align: start;\">The famous AlexNet trained on GeForce GTX 580 started the Big Bang of AI. Fortunately, we realized the potential of deep learning as a whole new software approach. And turned every aspect of our company to advance this new field. </p><p style=\"text-align: start;\">We risked everything to pursue deep learning. A decade later, the AI revolution started. And NVIDIA is the engine of AI developers worldwide.  </p><p style=\"text-align: start;\">We invented CUDA and pioneered accelerated computing and AI. But the journey forged our corporate character to endure the pain and suffering that is always needed to realize a vision.  </p><h3 style=\"text-align: start;\">The third story of NVIDIA: Strategic retreat</h3><p style=\"text-align: start;\">One more story. In 2010, Google aimed to develop Android into a mobile computer with excellent graphics.</p><p style=\"text-align: start;\">The phone industry had chip companies with modem expertise.  NVIDIA&#39;s computing and graphics expertise made us an ideal partner to help build Android. So we entered the mobile chip market.</p><p style=\"text-align: start;\">We were instantly successful.  And our business and stock price surged.  The competition quickly swarmed. Modem chip makers were learning how to build computing chips. And we were learning how to build modems.  </p><p style=\"text-align: start;\">The phone market is huge.  We could fight for share. Instead, we made a hard decision and sacrificed the market.</p><p style=\"text-align: start;\">NVIDIA&#39;s mission is to build computers to solve problems that ordinary computers cannot.  We should dedicate ourselves to realizing our vision and to making a unique contribution.</p><p style=\"text-align: start;\">Our strategic retreat paid off.  By leaving the phone market, we opened our minds to invent a new one. We imagined creating a new type of computer for robotic computers.With neural network processor, safety architectures that run AI algorithms.  </p><p style=\"text-align: start;\">At the time, this was a zero billion dollar market. To retreat from a giant phone market to create a zero billion dollar robotics market. We now have billions of dollars of automotive and robotics business and started a new industry. Retreat does not come easily to the brightest and most successful people like yourself.</p><p style=\"text-align: start;\">Yet, strategic retreat, sacrifice, deciding what to give up, is that a core, the very core of success?</p><p style=\"text-align: start;\">Class of 2023, you&#39;re about to go into a world witnessing great change. And just as I was with the PC and chip revolution, you&#39;re at the beginning, at the starting line of AI.  Every industry will be revolutionized. Reborn.</p><p style=\"text-align: start;\">Ready for new ideas. Your ideas. In 40 years, we created the PC, internet, mobile, cloud, and now the AI era.</p><p style=\"text-align: start;\">What will you create?  Whatever it is, run after it like we did.  Run.  Don&#39;t walk. Remember, either you&#39;re running for food, or you are running from being food.</p><p style=\"text-align: start;\">I hope that part can be translated into Chinese so that everyone can understand. </p><blockquote>Either you&#39;re running for food, or you are running from becoming food.</blockquote><p style=\"text-align: start;\">And oftentimes, you can&#39;t tell which.  Either way, run.  And for your journey, take along some of my learnings. That you will have the humility to confront failure, admit a mistake, and ask for help.</p><p style=\"text-align: start;\">You will endure pain and suffering needed to realize your dreams. And you will make sacrifices to dedicate yourself to a life of purpose and doing your life&#39;s work.</p><p style=\"text-align: start;\">Class of 2023, I extend my heartfelt congratulations to each one of you.  Jiayou!</p><p><em>Comprehensive from NVIDIA Blog and businessyee.</em></p></body></html>","source":"lsy1685265109819","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia CEO Says Those Without AI Expertise Will Be Left Behind</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia CEO Says Those Without AI Expertise Will Be Left Behind\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-28 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://blogs.nvidia.com/blog/2023/05/26/huang-ntu-commencement/><strong>NVIDIA Blog</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.”NVIDIA founder and CEO Jensen Huang today (May 26) urged graduates of National...</p>\n\n<a href=\"https://blogs.nvidia.com/blog/2023/05/26/huang-ntu-commencement/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://blogs.nvidia.com/blog/2023/05/26/huang-ntu-commencement/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149444681","content_text":"“You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.”NVIDIA founder and CEO Jensen Huang today (May 26) urged graduates of National Taiwan University to run hard to seize the unprecedented opportunities that AI will present, but embrace the inevitable failures along the way.Whatever you pursue, he told the 10,000 graduates of the island’s premier university, do it with passion and conviction — and stay humble enough to learn the hard lessons that await.“Whatever it is, run after it like we did. Run. Don’t walk,” Huang said, having swapped his signature black leather jacket for a black graduation robe, with the school’s plum-blossom emblem highlighting a royal blue, white and aqua collar.“Remember, either you are running for food; or you are running from becoming food. And often times, you can’t tell which. Either way, run.”Huang, who moved from Taiwan when he was young, recognized his parents in the audience, and shared three stories of initial failures and retreat. He called them instrumental in helping forge NVIDIA’s character during its three-decade journey from a three-person gaming-graphics startup to a global AI leader worth nearly a trillion dollars.“I was … successful — until I started NVIDIA,” he said. “At NVIDIA, I experienced failures — great big ones. All humiliating and embarrassing. Many nearly doomed us.”The first involved a key early contract the company won to help Sega build a gaming console. Rapid changes in the industry forced NVIDIA to give up the contract in a near-death brush with bankruptcy, which Sega’s leadership helped avert.“Confronting our mistake and, with humility, asking for help saved NVIDIA,” he said.The second was the decision in 2007 to put CUDA into all the company’s GPUs, enabling them to crunch data in addition to handling 3D graphics. It was an expensive, long-term investment that drew much criticism didn’t pay off for years until the chips started being used for machine learning.“Our market cap hovered just above a billion dollars,” he recalled. “We suffered many years of poor performance. Our shareholders were skeptical of CUDA and preferred we improve profitability.”The third was the decision in 2010 to charge into the promising mobile-phone market as graphics-rich capabilities were coming into reach. The market quickly commoditized, though, and NVIDIA retreated just as quickly, taking initial heat but opening the door to investing in promising new markets — robotics and self-driving cars.“Our strategic retreat paid off,” he said. “By leaving the phone market, we opened our minds to invent a new one.”Huang told grads that of the parallels in terms of boundless promise between the world he entered upon graduating four decades ago, on the cusp of the PC revolution, and the brave new age of AI they are entering today.“For your journey, take along some of my learnings,” he said. Admit mistakes and ask for help; endure pain and suffering to realize your dreams; and make sacrifices to dedicate yourself to a life of purpose.Full Transcript: NVIDIA CEO Jensen Huang's Commencement Address at National Taiwan UniversityLadies and gentlemen, esteemed faculty members, distinguished guests, proud parents, and above all, the 2023 graduating class of the National Taiwan University. Today is a very special day for you, and a dream come true for your parents.You should be moving out soon. It is surely a day of pride and joy.So, your parents have made sacrifices to see you on this day.  My parents are here, and so is my brother. Let's show all of our parents and our grandparents, many of them are here, our appreciation.I came to NTU for the first time over a decade ago.  Dr. Chen invited me to visit his computational physics lab. As I recall, his son, based in Silicon Valley, had learned of NVIDIA's CUDA invention and recommended his father utilize it for his quantum physics simulations.When I arrived, he opened the door to show me what he had made. NVIDIA GeForce gaming cards filled the room, plugged into open PC motherboards, and sitting on metal shelves in the aisles were oscillating platform fans.Dr. Chen had built a homemade supercomputer, the Taiwanese Way, out of gaming graphics cards. He started here, an early example of NVIDIA's journey.He was so proud, and he said to me, Mr. Huang, because of your work, I can do my life's work. Those words touch me to this day, and perfectly capture our company's purpose, to help the Einstein and Da Vinci of our time do their life's work.I am so happy to be back at NTU, and to be your commencement address.  The world was simpler when I graduated from Oregon State University.  TVs were not flat yet. There was no cable television, and MTV.And the words mobile and phone didn't go together. The year was 1984. The IBM PC-AT and Apple Macintosh launched the PC revolution.And started the chip and software industry that we know today. You enter a far more complex world, with geopolitical, social, and environmental changes and challenges.Surrounded by technology, we are now perpetually connected, and immersed in a digital world that parallels our real world. Cars are starting to drive by themselves.AI will create new jobs that didn't exist beforeForty years after the computer industry created the home PC, we invented artificial intelligence. Like software that automatically drives a car, or studies x-ray images, AI software has opened the door for computers to automate tasks for the world's largest, multi-trillion dollars of industries.  Healthcare, financial services, transportation, and manufacturing. AI has opened immense opportunities.Agile companies will take advantage of AI, and boost their position.  Companies less so, will perish. Entrepreneurs, many of them here today, will start new companies.And like in every computing era before, create new industries.  AI will create new jobs that didn't exist before. Like data engineering, prompt engineering, AI factory operations, and AI safety engineers.These are jobs that never existed before.  Automated tasks will obsolete some jobs.  And for sure, AI will change every job. Supercharging the performance of programmers, designers, artists, marketers, and manufacturing planners.Just as every generation before you embraced technologies to succeed, every company, and you, must learn to take advantage of AI. And do amazing things with an AI co-pilot by your side.While some worry that AI may take their jobs, someone who expert with AI will. We are at the beginning of a major technology era, like PC, internet, mobile, and cloud.  But AI is far more fundamental because every computing layer has been reinvented, from how we write software to how it's processed.AI has reinvented computing from the ground up.  In every way, this is a rebirth of the computer industry. And a golden opportunity for the companies of Taiwan.You are the foundation and bedrock of the computer industry. Within the next decade, our industry will replace over a trillion dollars of the world's traditional computers with new, accelerated AI computers.The first story of NVIDIA: Confronting mistakes and asking for helpMy journey started 40 years before yours.  1984 was a perfect year to graduate. I predict that 2023 will be as well.What can I tell you as you begin your journey?  Today is the most successful day of your life so far.  You're graduating from the National Taiwan University. I was also successful until I started NVIDIA.At NVIDIA, I experienced failures.  Great big ones.  All humiliating and embarrassing. Many nearly doomed us.Let me tell you three NVIDIA stories that define us today.  We founded NVIDIA to create accelerated computing. Our first application was 3D graphics for PC gaming.We invented an unconventional 3D approach called forward texture mapping and curves.  Our approach was substantially lower cost. We won a contract with SEGA to build their game console, which attracted games for our platform and funded our company.After one year of development, we realized our architecture was the wrong strategy.  It was technically poor. And Microsoft was about to announce Windows 95 Direct 3D based on inverse texture mapping and triangles.Many companies were already working on 3D chips to support this standard. If we completed SEGA's game console, we would have built inferior technology, be incompatible with Windows, and be too far behind to catch up.But we would be out of money if we didn't finish the contract.  Either way, we would be out of business. I contacted the CEO of SEGA and explained that our invention was the wrong approach.That SEGA should find another partner.  And that we could not complete the contract and the console.  We had to stop. But I needed Sega to pay us in whole. Or NVIDIA would be out of business.  I was embarrassed to ask. Irimajiri-san, the CEO of SEGA, to his credit and my amazement, agreed.His understanding and generosity gave us six months to live.  With that, we built RIVA 128.  Just as we were running out of money. RIVA 128 shocked the young 3D market, put us on the map, and saved the company.The strong demand for our chip led me back to Taiwan after leaving at the age of four to meet Morris Chang at TSMC and started a partnership that has lasted 25 years. Confronting our mistake and with humility asking for help, save NVIDIA.These traits are the hardest for the brightest and most successful like yourself. The second story of NVIDIA: Endure pain and suffering needed to realize your dreamsIn 2007, we announced CUDA GPU Accelerated Computing. Our aspiration was for CUDA to become a programming model that boosts applications from scientific computing and physics simulations to image processing. Creating a new computing model is incredibly hard and rarely done in history.The CPU computing model has been the standard for 60 years since the IBM System 360. CUDA needed developers to write applications and demonstrate the benefits of the GPU.Developers needed a large installed base.  A large CUDA installed base needed customers buying new applications. To solve the chicken or the egg problem, we used GeForce, our gaming GPU, which already had a large market of gamers, to build the installed base.But the added cost of CUDA was very high.  NVIDIA's profits took a huge hit for many years. Our market cap hovered just above $1 billion.We suffered many years of poor performance.  Our shareholders were skeptical of CUDA.  And preferred we focused on improving profitability. But we persevered.We believed a time for accelerated computing would come.  We created a conference called GTC and promoted CUDA tirelessly worldwide. Then the applications came.Seismic processing, CT reconstruction, molecular dynamics, particle physics, fluid dynamics, and image processing. One science domain after another, they came.We worked with each developer to write their algorithms and achieved incredible speedups. Then, in 2012, AI researchers discovered CUDA.The famous AlexNet trained on GeForce GTX 580 started the Big Bang of AI. Fortunately, we realized the potential of deep learning as a whole new software approach. And turned every aspect of our company to advance this new field. We risked everything to pursue deep learning. A decade later, the AI revolution started. And NVIDIA is the engine of AI developers worldwide.  We invented CUDA and pioneered accelerated computing and AI. But the journey forged our corporate character to endure the pain and suffering that is always needed to realize a vision.  The third story of NVIDIA: Strategic retreatOne more story. In 2010, Google aimed to develop Android into a mobile computer with excellent graphics.The phone industry had chip companies with modem expertise.  NVIDIA's computing and graphics expertise made us an ideal partner to help build Android. So we entered the mobile chip market.We were instantly successful.  And our business and stock price surged.  The competition quickly swarmed. Modem chip makers were learning how to build computing chips. And we were learning how to build modems.  The phone market is huge.  We could fight for share. Instead, we made a hard decision and sacrificed the market.NVIDIA's mission is to build computers to solve problems that ordinary computers cannot.  We should dedicate ourselves to realizing our vision and to making a unique contribution.Our strategic retreat paid off.  By leaving the phone market, we opened our minds to invent a new one. We imagined creating a new type of computer for robotic computers.With neural network processor, safety architectures that run AI algorithms.  At the time, this was a zero billion dollar market. To retreat from a giant phone market to create a zero billion dollar robotics market. We now have billions of dollars of automotive and robotics business and started a new industry. Retreat does not come easily to the brightest and most successful people like yourself.Yet, strategic retreat, sacrifice, deciding what to give up, is that a core, the very core of success?Class of 2023, you're about to go into a world witnessing great change. And just as I was with the PC and chip revolution, you're at the beginning, at the starting line of AI.  Every industry will be revolutionized. Reborn.Ready for new ideas. Your ideas. In 40 years, we created the PC, internet, mobile, cloud, and now the AI era.What will you create?  Whatever it is, run after it like we did.  Run.  Don't walk. Remember, either you're running for food, or you are running from being food.I hope that part can be translated into Chinese so that everyone can understand. Either you're running for food, or you are running from becoming food.And oftentimes, you can't tell which.  Either way, run.  And for your journey, take along some of my learnings. That you will have the humility to confront failure, admit a mistake, and ask for help.You will endure pain and suffering needed to realize your dreams. And you will make sacrifices to dedicate yourself to a life of purpose and doing your life's work.Class of 2023, I extend my heartfelt congratulations to each one of you.  Jiayou!Comprehensive from NVIDIA Blog and businessyee.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":193758735433880,"gmtCreate":1688356543646,"gmtModify":1688357016591,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$SEMBCORP INDUSTRIES LTD(U96.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193758735433880","isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":274295558922528,"gmtCreate":1708004485608,"gmtModify":1708004491324,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274295558922528","repostId":"1101595854","repostType":2,"repost":{"id":"1101595854","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1708003800,"share":"https://ttm.financial/m/news/1101595854?lang=&edition=fundamental","pubTime":"2024-02-15 21:30","market":"us","language":"en","title":"US Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1101595854","media":"Reuters","summary":"US Retail Sales MoM Actual -0.8% (Forecast -0.2%, Previous 0.6%)","content":"<html><head></head><body><p>WASHINGTON, Feb 15 (Reuters) - U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.</p><p>Retail sales dropped 0.8% last month, the Commerce Department&#39;s Census Bureau said on Thursday, also likely weighed down by winter storms. Data for December was revised lower to show sales rising 0.4% instead of 0.6% as previously reported.</p><p>Economists polled by Reuters had forecast retail sales dipping 0.1%. Retail sales are mostly goods and are not adjusted for inflation. The fall followed a fairly strong performance over the holiday season. December sales are also partially flattered by generous seasonal factors, the model the government uses to strip out seasonal fluctuations from the data.</p><p>Unadjusted retail sales typically fall in January. The seasonal factors were less supportive for this January compared to previous years, resulting in the large drop in adjusted sales last month. Economists had cautioned before the release of the data not to read too much into any sharp drop.</p><p>&#34;It is hard to know exactly what the &#39;right&#39; seasonal factor is for a given month but the seasonal factors associated with December 2023 and January 2024 look unusual relative to the ones associated with these months in earlier years,&#34; said Daniel Silver, an economist at JP Morgan in New York. &#34;The individual seasonally adjusted changes for these months likely should be discounted when trying to determine the trend for the data.&#34;</p><p>Though momentum is likely to slow this year, consumer spending remains healthy, thanks to a resilient labor market and rising household purchasing power as inflation subsides.</p><p>A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 212,000 for the week ended Feb. 10.</p><p>Claims are bouncing around low levels despite a recent rush of high-profile layoffs, mostly in the technology and media sectors. Economists had forecast 220,000 claims for the latest week. With the labor market still tight, some of the laid off workers could be landing new jobs easily.</p><p>Companies are mostly reluctant to layoff workers after struggling to fill jobs during and after the COVID-19 pandemic.</p><p>Retail sales excluding automobiles, gasoline, building materials and food services decreased 0.4% in January. The so-called core retail sales measure corresponds most closely with the consumer spending component of GDP.</p><p>Core sales for December were revised down to show them rising 0.6% instead of the previously reported 0.8%. Economists are forecasting strong services spending growth in January, which should keep overall consumer spending afloat.</p><p>Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a brisk clip in the fourth quarter, contributing to the economy&#39;s 3.3% annualized growth pace. The economy expanded at a 4.9% rate in the July-September quarter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Retail Sales Fall Sharply in January; Weekly Jobless Claims Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-02-15 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON, Feb 15 (Reuters) - U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.</p><p>Retail sales dropped 0.8% last month, the Commerce Department&#39;s Census Bureau said on Thursday, also likely weighed down by winter storms. Data for December was revised lower to show sales rising 0.4% instead of 0.6% as previously reported.</p><p>Economists polled by Reuters had forecast retail sales dipping 0.1%. Retail sales are mostly goods and are not adjusted for inflation. The fall followed a fairly strong performance over the holiday season. December sales are also partially flattered by generous seasonal factors, the model the government uses to strip out seasonal fluctuations from the data.</p><p>Unadjusted retail sales typically fall in January. The seasonal factors were less supportive for this January compared to previous years, resulting in the large drop in adjusted sales last month. Economists had cautioned before the release of the data not to read too much into any sharp drop.</p><p>&#34;It is hard to know exactly what the &#39;right&#39; seasonal factor is for a given month but the seasonal factors associated with December 2023 and January 2024 look unusual relative to the ones associated with these months in earlier years,&#34; said Daniel Silver, an economist at JP Morgan in New York. &#34;The individual seasonally adjusted changes for these months likely should be discounted when trying to determine the trend for the data.&#34;</p><p>Though momentum is likely to slow this year, consumer spending remains healthy, thanks to a resilient labor market and rising household purchasing power as inflation subsides.</p><p>A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 212,000 for the week ended Feb. 10.</p><p>Claims are bouncing around low levels despite a recent rush of high-profile layoffs, mostly in the technology and media sectors. Economists had forecast 220,000 claims for the latest week. With the labor market still tight, some of the laid off workers could be landing new jobs easily.</p><p>Companies are mostly reluctant to layoff workers after struggling to fill jobs during and after the COVID-19 pandemic.</p><p>Retail sales excluding automobiles, gasoline, building materials and food services decreased 0.4% in January. The so-called core retail sales measure corresponds most closely with the consumer spending component of GDP.</p><p>Core sales for December were revised down to show them rising 0.6% instead of the previously reported 0.8%. Economists are forecasting strong services spending growth in January, which should keep overall consumer spending afloat.</p><p>Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a brisk clip in the fourth quarter, contributing to the economy&#39;s 3.3% annualized growth pace. The economy expanded at a 4.9% rate in the July-September quarter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-15/us-retail-sales-drop-by-most-in-nearly-a-year-after-holidays","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101595854","content_text":"WASHINGTON, Feb 15 (Reuters) - U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.Retail sales dropped 0.8% last month, the Commerce Department's Census Bureau said on Thursday, also likely weighed down by winter storms. Data for December was revised lower to show sales rising 0.4% instead of 0.6% as previously reported.Economists polled by Reuters had forecast retail sales dipping 0.1%. Retail sales are mostly goods and are not adjusted for inflation. The fall followed a fairly strong performance over the holiday season. December sales are also partially flattered by generous seasonal factors, the model the government uses to strip out seasonal fluctuations from the data.Unadjusted retail sales typically fall in January. The seasonal factors were less supportive for this January compared to previous years, resulting in the large drop in adjusted sales last month. Economists had cautioned before the release of the data not to read too much into any sharp drop.\"It is hard to know exactly what the 'right' seasonal factor is for a given month but the seasonal factors associated with December 2023 and January 2024 look unusual relative to the ones associated with these months in earlier years,\" said Daniel Silver, an economist at JP Morgan in New York. \"The individual seasonally adjusted changes for these months likely should be discounted when trying to determine the trend for the data.\"Though momentum is likely to slow this year, consumer spending remains healthy, thanks to a resilient labor market and rising household purchasing power as inflation subsides.A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 212,000 for the week ended Feb. 10.Claims are bouncing around low levels despite a recent rush of high-profile layoffs, mostly in the technology and media sectors. Economists had forecast 220,000 claims for the latest week. With the labor market still tight, some of the laid off workers could be landing new jobs easily.Companies are mostly reluctant to layoff workers after struggling to fill jobs during and after the COVID-19 pandemic.Retail sales excluding automobiles, gasoline, building materials and food services decreased 0.4% in January. The so-called core retail sales measure corresponds most closely with the consumer spending component of GDP.Core sales for December were revised down to show them rising 0.6% instead of the previously reported 0.8%. Economists are forecasting strong services spending growth in January, which should keep overall consumer spending afloat.Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a brisk clip in the fourth quarter, contributing to the economy's 3.3% annualized growth pace. The economy expanded at a 4.9% rate in the July-September quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182739122761840,"gmtCreate":1685623123845,"gmtModify":1685623453698,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$&nbsp;</a>","text":"$SoFi Technologies Inc.(SOFI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182739122761840","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278960325898392,"gmtCreate":1709127151240,"gmtModify":1709127155274,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"It is estimatenor it is actual?","listText":"It is estimatenor it is actual?","text":"It is estimatenor it is actual?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278960325898392","repostId":"1178537878","repostType":4,"repost":{"id":"1178537878","kind":"news","pubTimestamp":1709127000,"share":"https://ttm.financial/m/news/1178537878?lang=&edition=fundamental","pubTime":"2024-02-28 21:30","market":"us","language":"en","title":"US GDP Revised Slightly Lower Despite Stronger Consumer Spending","url":"https://stock-news.laohu8.com/highlight/detail?id=1178537878","media":"Bloomberg","summary":"The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.Gross domestic product rose at a revis","content":"<html><head></head><body><p style=\"text-align: start;\">The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.</p><p style=\"text-align: start;\">Gross domestic product rose at a revised 3.2% annualized pace in the fourth quarter, compared with a prior estimate of 3.3%. Consumer spending advanced at a 3% rate, faster than initially estimated, Bureau of Economic Analysis figures showed Wednesday. Inflation was revised higher.</p><p style=\"text-align: start;\">Last year the economy expanded 2.5%, marking an acceleration from 2022 and far outperforming the broader eurozone and Japan.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdc75a053085134a9bc75ab672a07722\" title=\"\" tg-width=\"944\" tg-height=\"426\"/></p><p>The economy last year ended up surprising many economists who expected the US would slip into a recession after aggressive Federal Reserve interest-rate hikes. Instead, a robust labor market supported consumer spending and kept the economy moving forward.</p><p>While economists largely expect growth to cool somewhat this year as high borrowing costs restrain household demand and business investment, they still anticipate the US can avoid a downturn.</p><p style=\"text-align: start;\">The Fed’s preferred inflation metric — the personal consumption expenditures price index — rose at a 1.8% annual rate in the fourth quarter. Excluding food and energy, the gauge increased at a 2.1% pace, the Bureau of Economic Analysis report showed. Both were marginally higher than initially estimated.</p><p style=\"text-align: start;\">Inventories subtracted 0.27 percentage point from GDP, compared with a slight boost in the initial fourth-quarter estimate. Personal consumption added 2 points.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US GDP Revised Slightly Lower Despite Stronger Consumer Spending</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS GDP Revised Slightly Lower Despite Stronger Consumer Spending\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-28 21:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-28/us-economy-expanded-at-a-revised-3-2-pace-in-fourth-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.Gross domestic product rose at a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-28/us-economy-expanded-at-a-revised-3-2-pace-in-fourth-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-28/us-economy-expanded-at-a-revised-3-2-pace-in-fourth-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178537878","content_text":"The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment.Gross domestic product rose at a revised 3.2% annualized pace in the fourth quarter, compared with a prior estimate of 3.3%. Consumer spending advanced at a 3% rate, faster than initially estimated, Bureau of Economic Analysis figures showed Wednesday. Inflation was revised higher.Last year the economy expanded 2.5%, marking an acceleration from 2022 and far outperforming the broader eurozone and Japan.The economy last year ended up surprising many economists who expected the US would slip into a recession after aggressive Federal Reserve interest-rate hikes. Instead, a robust labor market supported consumer spending and kept the economy moving forward.While economists largely expect growth to cool somewhat this year as high borrowing costs restrain household demand and business investment, they still anticipate the US can avoid a downturn.The Fed’s preferred inflation metric — the personal consumption expenditures price index — rose at a 1.8% annual rate in the fourth quarter. Excluding food and energy, the gauge increased at a 2.1% pace, the Bureau of Economic Analysis report showed. Both were marginally higher than initially estimated.Inventories subtracted 0.27 percentage point from GDP, compared with a slight boost in the initial fourth-quarter estimate. Personal consumption added 2 points.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366090110828568,"gmtCreate":1730378037817,"gmtModify":1730378041836,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"It is always harder for the last few points to go down&nbsp;","listText":"It is always harder for the last few points to go down&nbsp;","text":"It is always harder for the last few points to go down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366090110828568","repostId":"1101231970","repostType":4,"repost":{"id":"1101231970","kind":"news","pubTimestamp":1730377838,"share":"https://ttm.financial/m/news/1101231970?lang=&edition=fundamental","pubTime":"2024-10-31 20:30","market":"us","language":"en","title":"Key US Inflation Gauge and Spending Pick Up in Solid Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1101231970","media":"Bloomberg","summary":"The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsi","content":"<html><head></head><body><p>The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.</p><p style=\"text-align: start;\">The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3% in September, and 2.7% from a year earlier, according to Bureau of Economic Analysis data out Thursday. Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.</p><p>Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.</p><p style=\"text-align: start;\">Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.</p><p style=\"text-align: start;\">Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.</p><p style=\"text-align: start;\">Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.</p><p style=\"text-align: start;\">The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.</p><p style=\"text-align: start;\">Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Key US Inflation Gauge and Spending Pick Up in Solid Economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKey US Inflation Gauge and Spending Pick Up in Solid Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101231970","content_text":"The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3% in September, and 2.7% from a year earlier, according to Bureau of Economic Analysis data out Thursday. Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364103952523360,"gmtCreate":1729902890791,"gmtModify":1729902894487,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"#5 NVDA!!!!","listText":"#5 NVDA!!!!","text":"#5 NVDA!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364103952523360","isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300019064873024,"gmtCreate":1714266365138,"gmtModify":1714266368448,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300019064873024","repostId":"1174093010","repostType":4,"repost":{"id":"1174093010","kind":"news","pubTimestamp":1714261383,"share":"https://ttm.financial/m/news/1174093010?lang=&edition=fundamental","pubTime":"2024-04-28 07:43","market":"us","language":"en","title":"Wall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More","url":"https://stock-news.laohu8.com/highlight/detail?id=1174093010","media":"The Street","summary":"Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week?","content":"<html><head></head><body><p>Wall Street experts reveal the five stocks to buy, five stocks to sell this week</p><p>What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street&#39;s best analysts during the week of April 22-26.</p><p><strong>Top 5 Buy Calls:</strong></p><p><strong>1. Tesla upgraded to Buy at BofA after Q1 &#34;clears deck&#34; of negative catalysts</strong></p><p>BofA upgraded <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> to Buy from Neutral with an unchanged price target of $220 after the company reported what the firm says were better-than-expected Q1 results. This, coupled with management commentary, addressed key concerns and &#34;revitalized the growth narrative,&#34; contends the firm, which sees negative catalysts &#34;knocked out&#34; with the Q1 report and positive catalysts building through the rest of the year.</p><p><strong>2. Airbnb upgraded to Buy from Neutral at Mizuho</strong></p><p>Mizuho upgraded <a href=\"https://laohu8.com/S/ABNB\">Airbnb </a> to Buy from Neutral with a price target of $200, up from $150. The potential launch of sponsored listings is expected to generate double-digit EBITDA upside over the long-term, the firm tells investors in a research note. The company&#39;s FY24 consensus room night growth has also been de-risked, leaving limited downside concerns, the firm states. Incremental demand from Summer Olympics and share gains from elevated hotel pricing should also create opportunities for Airbnb to exceed room night growth estimates, Mizuho added.</p><p><strong>3. Benchmark starts Qualcomm with a Buy, expects leadership in AI on smartphones</strong></p><p>Benchmark initiated coverage of <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a> with a Buy rating and $200 price target. As a &#34;wireless industry leader,&#34; the firm believes Qualcomm is &#34;particularly well positioned to capitalize&#34; on the industry&#39;s trends of shifting AI computational inferencing workloads to the very edges of the network. The company is leveraging its strengths in wireless connectivity and computing to &#34;lead the market in the ramp of GenAI smartphones and AI-PCs,&#34; with both likely sparking long-term replacement cycles in their respective markets, Benchmark tells investors.</p><p><strong>4. Roblox upgraded to Overweight at JPMorgan</strong></p><p>JPMorgan upgraded <a href=\"https://laohu8.com/S/RBLX\">Roblox</a> to Overweight from Neutral with a price target of $48, up from $41. Despite addressing concerns about its ability to better monetize users and age up, with 20% bookings growth each of the past four quarters and management committing to 100-300 basis orients of annual margin expansion over the next 3-5 years, investors remain skeptical around Roblox&#39;s execution and third-party data has been mixed in recent months, the firm tells investors in a research note. JPMorgan thinks this presents a compelling entry point for a company growing bookings 20%, exiting a heavy investment cycle, and ramping two new revenue streams in advertising commerce in the second half of 2024. The firm believes Roblox has a significant monetization opportunity.</p><p><strong>5. Wells Fargo upgrades Five Below to Overweight, says story not broken</strong></p><p>Wells Fargo upgraded <a href=\"https://laohu8.com/S/FIVE\">Five Below </a> to Overweight from Equal Weight with an unchanged price target of $180. The company &#34;has had its share of issues and now seems poised to lower guidance against a choppy backdrop,&#34; the firm tells investors in a research note. However, Wells does not believe the story is broken and says the stock&#39;s risk/reward &#34;looks very good for those with some patience.&#34; Five Below has been outpacing the discretionary comps of most peers, says the firm, which sees the company as an attractive growth name that should get back on track.</p><p><strong>Top 5 Sell Calls:</strong></p><p><strong>1. Monster Beverage double downgraded to Sell at Truist</strong></p><p>Truist downgraded <a href=\"https://laohu8.com/S/MNST\">Monster Beverage </a> to Sell from Buy with a price target of $46, down from $65. While the firm still views Monster as &#34;a great company,&#34; it no longer sees it as a high growth story. In addition, Truist believes the Street is too bullish on a gross margin recovery for the company despite structural headwinds and it sees &#34;no reason why the stock should continue to hold a super premium multiple to its multinational beverage peers.&#34;</p><p><strong>2. Wolfe downgrades Warner Bros. Discovery to sell on peak EBITDA fears</strong></p><p>Wolfe Research downgraded <a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a> to Underperform from Peer Perform with a $7 price target. The firm says that with 80% of its EBITDA from linear TV and merger synergies done, it fears the company&#39;s EBITDA peaked in 2023. Warner and Max &#34;need fuel to grow, or a new White House to sell.&#34; Wolfe further reduced its 2024E EBITDA forecast by 16% due to weaker studio results, Max&#39;s international investments, and deterioration of linear advertising. It believes Warner Bros. Discovery&#39;s 2025 and 2025 outlook seem riskier than 2023 and 2024.</p><p><strong>3. Molson Coors downgraded to Sell at Citi</strong></p><p>Citi downgraded <a href=\"https://laohu8.com/S/TAP\">Molson Coors </a> to Sell from Neutral with a price target of $56, down from $66. The company is starting to cycle a record year in 2023, which &#34;greatly benefitted&#34; from large U.S. market share benefits on the Coors Light and Miller Lite brands from the Bud Light controversy starting in mid-April 2023, the firm tells investors in a research note. Citi says that while Molson has sounded bullish on Q1 trends and spring shelf space resets, it believes cycling a record sales and profit year &#34;could be extremely difficult.&#34; Scanner data for early April suggest sales and volume trends for the company&#39;s beer brands have turned negative, which Citi expects to continue as comparisons get more difficult, the firm notes.</p><p><strong>4. Victoria&#39;s Secret initiated with a Sell at Goldman Sachs</strong></p><p>Goldman Sachs initiated coverage of <a href=\"https://laohu8.com/S/VSCO\">Victoria&#39;s Secret</a> with a Sell rating and $14 price target. The firm views Victoria&#39;s as a market leader within the intimates category with &#34;several idiosyncratic initiatives&#34; that should help to improve its positioning in the long term. However, Goldman sees a less attractive risk/reward relative to other companies in the brands and apparel sector over the near term. The company&#39;s core customer is more price sensitive in comparison to other brands and it is a relative market share loser to fast-growing competitors, contends the firm.</p><p><strong>5. Altice USA resumed with an Underperform at BofA</strong></p><p>BofA resumed coverage of <a href=\"https://laohu8.com/S/ATUS\">Altice USA </a> with an Underperform rating and $1.50 price target. Merger speculation initially reported by Bloomberg in late February &#34;has subsided&#34; and the firm is reassessing the company&#39;s fundamental outlook. BofA believes that Altice USA &#34;remains fundamentally challenged&#34; and does not believe a sale to Charter (CHTR) is likely in the near-term.</p></body></html>","source":"lsy1649979459173","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's Top 10 Stock Calls This Week: Tesla, Qualcomm, Roblox, Airbnb & More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-28 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3904876&headline=TSLA;ABNB;QCOM;RBLX;FIVE;MNST;WBD;TAP;VSCO;ATUS;CHTR-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3904876&headline=TSLA;ABNB;QCOM;RBLX;FIVE;MNST;WBD;TAP;VSCO;ATUS;CHTR-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thefly.com/landingPageNews.php?id=3904876&headline=TSLA;ABNB;QCOM;RBLX;FIVE;MNST;WBD;TAP;VSCO;ATUS;CHTR-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174093010","content_text":"Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street's best analysts during the week of April 22-26.Top 5 Buy Calls:1. Tesla upgraded to Buy at BofA after Q1 \"clears deck\" of negative catalystsBofA upgraded Tesla to Buy from Neutral with an unchanged price target of $220 after the company reported what the firm says were better-than-expected Q1 results. This, coupled with management commentary, addressed key concerns and \"revitalized the growth narrative,\" contends the firm, which sees negative catalysts \"knocked out\" with the Q1 report and positive catalysts building through the rest of the year.2. Airbnb upgraded to Buy from Neutral at MizuhoMizuho upgraded Airbnb  to Buy from Neutral with a price target of $200, up from $150. The potential launch of sponsored listings is expected to generate double-digit EBITDA upside over the long-term, the firm tells investors in a research note. The company's FY24 consensus room night growth has also been de-risked, leaving limited downside concerns, the firm states. Incremental demand from Summer Olympics and share gains from elevated hotel pricing should also create opportunities for Airbnb to exceed room night growth estimates, Mizuho added.3. Benchmark starts Qualcomm with a Buy, expects leadership in AI on smartphonesBenchmark initiated coverage of Qualcomm with a Buy rating and $200 price target. As a \"wireless industry leader,\" the firm believes Qualcomm is \"particularly well positioned to capitalize\" on the industry's trends of shifting AI computational inferencing workloads to the very edges of the network. The company is leveraging its strengths in wireless connectivity and computing to \"lead the market in the ramp of GenAI smartphones and AI-PCs,\" with both likely sparking long-term replacement cycles in their respective markets, Benchmark tells investors.4. Roblox upgraded to Overweight at JPMorganJPMorgan upgraded Roblox to Overweight from Neutral with a price target of $48, up from $41. Despite addressing concerns about its ability to better monetize users and age up, with 20% bookings growth each of the past four quarters and management committing to 100-300 basis orients of annual margin expansion over the next 3-5 years, investors remain skeptical around Roblox's execution and third-party data has been mixed in recent months, the firm tells investors in a research note. JPMorgan thinks this presents a compelling entry point for a company growing bookings 20%, exiting a heavy investment cycle, and ramping two new revenue streams in advertising commerce in the second half of 2024. The firm believes Roblox has a significant monetization opportunity.5. Wells Fargo upgrades Five Below to Overweight, says story not brokenWells Fargo upgraded Five Below  to Overweight from Equal Weight with an unchanged price target of $180. The company \"has had its share of issues and now seems poised to lower guidance against a choppy backdrop,\" the firm tells investors in a research note. However, Wells does not believe the story is broken and says the stock's risk/reward \"looks very good for those with some patience.\" Five Below has been outpacing the discretionary comps of most peers, says the firm, which sees the company as an attractive growth name that should get back on track.Top 5 Sell Calls:1. Monster Beverage double downgraded to Sell at TruistTruist downgraded Monster Beverage  to Sell from Buy with a price target of $46, down from $65. While the firm still views Monster as \"a great company,\" it no longer sees it as a high growth story. In addition, Truist believes the Street is too bullish on a gross margin recovery for the company despite structural headwinds and it sees \"no reason why the stock should continue to hold a super premium multiple to its multinational beverage peers.\"2. Wolfe downgrades Warner Bros. Discovery to sell on peak EBITDA fearsWolfe Research downgraded Warner Bros. Discovery to Underperform from Peer Perform with a $7 price target. The firm says that with 80% of its EBITDA from linear TV and merger synergies done, it fears the company's EBITDA peaked in 2023. Warner and Max \"need fuel to grow, or a new White House to sell.\" Wolfe further reduced its 2024E EBITDA forecast by 16% due to weaker studio results, Max's international investments, and deterioration of linear advertising. It believes Warner Bros. Discovery's 2025 and 2025 outlook seem riskier than 2023 and 2024.3. Molson Coors downgraded to Sell at CitiCiti downgraded Molson Coors  to Sell from Neutral with a price target of $56, down from $66. The company is starting to cycle a record year in 2023, which \"greatly benefitted\" from large U.S. market share benefits on the Coors Light and Miller Lite brands from the Bud Light controversy starting in mid-April 2023, the firm tells investors in a research note. Citi says that while Molson has sounded bullish on Q1 trends and spring shelf space resets, it believes cycling a record sales and profit year \"could be extremely difficult.\" Scanner data for early April suggest sales and volume trends for the company's beer brands have turned negative, which Citi expects to continue as comparisons get more difficult, the firm notes.4. Victoria's Secret initiated with a Sell at Goldman SachsGoldman Sachs initiated coverage of Victoria's Secret with a Sell rating and $14 price target. The firm views Victoria's as a market leader within the intimates category with \"several idiosyncratic initiatives\" that should help to improve its positioning in the long term. However, Goldman sees a less attractive risk/reward relative to other companies in the brands and apparel sector over the near term. The company's core customer is more price sensitive in comparison to other brands and it is a relative market share loser to fast-growing competitors, contends the firm.5. Altice USA resumed with an Underperform at BofABofA resumed coverage of Altice USA  with an Underperform rating and $1.50 price target. Merger speculation initially reported by Bloomberg in late February \"has subsided\" and the firm is reassessing the company's fundamental outlook. BofA believes that Altice USA \"remains fundamentally challenged\" and does not believe a sale to Charter (CHTR) is likely in the near-term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":231884069273840,"gmtCreate":1697621554372,"gmtModify":1697623134352,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>Let's see earnings. China counts a minor part of it&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>Let's see earnings. China counts a minor part of it&nbsp;","text":"$NVIDIA Corp(NVDA)$ Let's see earnings. China counts a minor part of it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/231884069273840","isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979028204,"gmtCreate":1685275681609,"gmtModify":1685276587969,"author":{"id":"4146709322484562","authorId":"4146709322484562","name":"Sasabbat","avatar":"https://community-static.tradeup.com/news/8ce2e31599861f0f3483c934a2d58491","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4146709322484562","authorIdStr":"4146709322484562"},"themes":[],"htmlText":"Give back","listText":"Give back","text":"Give back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979028204","repostId":"1149444681","repostType":2,"repost":{"id":"1149444681","kind":"news","pubTimestamp":1685265060,"share":"https://ttm.financial/m/news/1149444681?lang=&edition=fundamental","pubTime":"2023-05-28 17:11","market":"us","language":"en","title":"Nvidia CEO Says Those Without AI Expertise Will Be Left Behind","url":"https://stock-news.laohu8.com/highlight/detail?id=1149444681","media":"NVIDIA Blog","summary":"“You are running for food, or you are running from becoming food. And often times, you can’t tell wh","content":"<html><head></head><body><p><em>“You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.”</em></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0feca00aed5f110fa71b5bea665f4150\" tg-width=\"965\" tg-height=\"511\"/></p><p style=\"text-align: start;\">NVIDIA founder and CEO Jensen Huang today (May 26) urged graduates of National Taiwan University to run hard to seize the unprecedented opportunities that AI will present, but embrace the inevitable failures along the way.</p><p style=\"text-align: start;\">Whatever you pursue, he told the 10,000 graduates of the island’s premier university, do it with passion and conviction — and stay humble enough to learn the hard lessons that await.</p><p style=\"text-align: start;\">“Whatever it is, run after it like we did. Run. Don’t walk,” Huang said, having swapped his signature black leather jacket for a black graduation robe, with the school’s plum-blossom emblem highlighting a royal blue, white and aqua collar.</p><p style=\"text-align: start;\">“Remember, either you are running for food; or you are running from becoming food. And often times, you can’t tell which. Either way, run.”</p><p style=\"text-align: start;\">Huang, who moved from Taiwan when he was young, recognized his parents in the audience, and shared three stories of initial failures and retreat. He called them instrumental in helping forge NVIDIA’s character during its three-decade journey from a three-person gaming-graphics startup to a global AI leader worth nearly a trillion dollars.</p><p style=\"text-align: start;\">“I was … successful — until I started NVIDIA,” he said. “At NVIDIA, I experienced failures — great big ones. All humiliating and embarrassing. Many nearly doomed us.”</p><p style=\"text-align: start;\">The first involved a key early contract the company won to help Sega build a gaming console. Rapid changes in the industry forced NVIDIA to give up the contract in a near-death brush with bankruptcy, which Sega’s leadership helped avert.</p><p style=\"text-align: start;\">“Confronting our mistake and, with humility, asking for help saved NVIDIA,” he said.</p><p style=\"text-align: start;\">The second was the decision in 2007 to put CUDA into all the company’s GPUs, enabling them to crunch data in addition to handling 3D graphics. It was an expensive, long-term investment that drew much criticism didn’t pay off for years until the chips started being used for machine learning.</p><p style=\"text-align: start;\">“Our market cap hovered just above a billion dollars,” he recalled. “We suffered many years of poor performance. Our shareholders were skeptical of CUDA and preferred we improve profitability.”</p><p style=\"text-align: start;\">The third was the decision in 2010 to charge into the promising mobile-phone market as graphics-rich capabilities were coming into reach. The market quickly commoditized, though, and NVIDIA retreated just as quickly, taking initial heat but opening the door to investing in promising new markets — robotics and self-driving cars.</p><p style=\"text-align: start;\">“Our strategic retreat paid off,” he said. “By leaving the phone market, we opened our minds to invent a new one.”</p><p style=\"text-align: start;\">Huang told grads that of the parallels in terms of boundless promise between the world he entered upon graduating four decades ago, on the cusp of the PC revolution, and the brave new age of AI they are entering today.</p><p style=\"text-align: start;\">“For your journey, take along some of my learnings,” he said. Admit mistakes and ask for help; endure pain and suffering to realize your dreams; and make sacrifices to dedicate yourself to a life of purpose.</p><h3 style=\"text-align: start;\">Full Transcript: NVIDIA CEO Jensen Huang&#39;s Commencement Address at National Taiwan University</h3><p style=\"text-align: start;\">Ladies and gentlemen, esteemed faculty members, distinguished guests, proud parents, and above all, the 2023 graduating class of the National Taiwan University. Today is a very special day for you, and a dream come true for your parents.</p><p style=\"text-align: start;\">You should be moving out soon. It is surely a day of pride and joy.So, your parents have made sacrifices to see you on this day.  My parents are here, and so is my brother. Let&#39;s show all of our parents and our grandparents, many of them are here, our appreciation.</p><p style=\"text-align: start;\">I came to NTU for the first time over a decade ago.  Dr. Chen invited me to visit his computational physics lab. As I recall, his son, based in Silicon Valley, had learned of NVIDIA&#39;s CUDA invention and recommended his father utilize it for his quantum physics simulations.</p><p style=\"text-align: start;\">When I arrived, he opened the door to show me what he had made. NVIDIA GeForce gaming cards filled the room, plugged into open PC motherboards, and sitting on metal shelves in the aisles were oscillating platform fans.</p><p style=\"text-align: start;\">Dr. Chen had built a homemade supercomputer, the Taiwanese Way, out of gaming graphics cards. He started here, an early example of NVIDIA&#39;s journey.<br/>He was so proud, and he said to me, Mr. Huang, because of your work, I can do my life&#39;s work. Those words touch me to this day, and perfectly capture our company&#39;s purpose, to help the Einstein and Da Vinci of our time do their life&#39;s work.</p><p style=\"text-align: start;\">I am so happy to be back at NTU, and to be your commencement address.  The world was simpler when I graduated from Oregon State University.  TVs were not flat yet. There was no cable television, and MTV.</p><p style=\"text-align: start;\">And the words mobile and phone didn&#39;t go together. The year was 1984. The IBM PC-AT and Apple Macintosh launched the PC revolution.</p><p style=\"text-align: start;\">And started the chip and software industry that we know today. You enter a far more complex world, with geopolitical, social, and environmental changes and challenges.</p><p style=\"text-align: start;\">Surrounded by technology, we are now perpetually connected, and immersed in a digital world that parallels our real world. Cars are starting to drive by themselves.</p><h3 style=\"text-align: start;\">AI will create new jobs that didn&#39;t exist before</h3><p style=\"text-align: start;\">Forty years after the computer industry created the home PC, we invented artificial intelligence. Like software that automatically drives a car, or studies x-ray images, AI software has opened the door for computers to automate tasks for the world&#39;s largest, multi-trillion dollars of industries.  </p><p style=\"text-align: start;\">Healthcare, financial services, transportation, and manufacturing. AI has opened immense opportunities.</p><p style=\"text-align: start;\">Agile companies will take advantage of AI, and boost their position.  Companies less so, will perish. Entrepreneurs, many of them here today, will start new companies.</p><p style=\"text-align: start;\">And like in every computing era before, create new industries.  AI will create new jobs that didn&#39;t exist before. Like data engineering, prompt engineering, AI factory operations, and AI safety engineers.</p><p style=\"text-align: start;\">These are jobs that never existed before.  Automated tasks will obsolete some jobs.  And for sure, AI will change every job. Supercharging the performance of programmers, designers, artists, marketers, and manufacturing planners.</p><p style=\"text-align: start;\">Just as every generation before you embraced technologies to succeed, every company, and you, must learn to take advantage of AI. And do amazing things with an AI co-pilot by your side.</p><p style=\"text-align: start;\">While some worry that AI may take their jobs, someone who expert with AI will. We are at the beginning of a major technology era, like PC, internet, mobile, and cloud.  But AI is far more fundamental because every computing layer has been reinvented, from how we write software to how it&#39;s processed.</p><p style=\"text-align: start;\">AI has reinvented computing from the ground up.  In every way, this is a rebirth of the computer industry. And a golden opportunity for the companies of Taiwan.</p><p style=\"text-align: start;\">You are the foundation and bedrock of the computer industry. Within the next decade, our industry will replace over a trillion dollars of the world&#39;s traditional computers with new, accelerated AI computers.</p><h3 style=\"text-align: start;\">The first story of NVIDIA: Confronting mistakes and asking for help</h3><p style=\"text-align: start;\">My journey started 40 years before yours.  1984 was a perfect year to graduate. I predict that 2023 will be as well.</p><p style=\"text-align: start;\">What can I tell you as you begin your journey?  Today is the most successful day of your life so far.  You&#39;re graduating from the National Taiwan University. I was also successful until I started NVIDIA.</p><p style=\"text-align: start;\">At NVIDIA, I experienced failures.  Great big ones.  All humiliating and embarrassing. Many nearly doomed us.</p><p style=\"text-align: start;\">Let me tell you three NVIDIA stories that define us today.  </p><p style=\"text-align: start;\">We founded NVIDIA to create accelerated computing. Our first application was 3D graphics for PC gaming.</p><p style=\"text-align: start;\">We invented an unconventional 3D approach called forward texture mapping and curves.  Our approach was substantially lower cost. We won a contract with SEGA to build their game console, which attracted games for our platform and funded our company.</p><p style=\"text-align: start;\">After one year of development, we realized our architecture was the wrong strategy.  It was technically poor. And Microsoft was about to announce Windows 95 Direct 3D based on inverse texture mapping and triangles.</p><p style=\"text-align: start;\">Many companies were already working on 3D chips to support this standard. If we completed SEGA&#39;s game console, we would have built inferior technology, be incompatible with Windows, and be too far behind to catch up.</p><p style=\"text-align: start;\">But we would be out of money if we didn&#39;t finish the contract.  Either way, we would be out of business. I contacted the CEO of SEGA and explained that our invention was the wrong approach.</p><p style=\"text-align: start;\">That SEGA should find another partner.  And that we could not complete the contract and the console.  We had to stop. But I needed Sega to pay us in whole. Or NVIDIA would be out of business.  </p><p style=\"text-align: start;\">I was embarrassed to ask. Irimajiri-san, the CEO of SEGA, to his credit and my amazement, agreed.</p><p style=\"text-align: start;\">His understanding and generosity gave us six months to live.  With that, we built RIVA 128.  Just as we were running out of money. RIVA 128 shocked the young 3D market, put us on the map, and saved the company.</p><p style=\"text-align: start;\">The strong demand for our chip led me back to Taiwan after leaving at the age of four to meet Morris Chang at TSMC and started a partnership that has lasted 25 years. Confronting our mistake and with humility asking for help, save NVIDIA.</p><p style=\"text-align: start;\">These traits are the hardest for the brightest and most successful like yourself. </p><h3 style=\"text-align: start;\">The second story of NVIDIA: Endure pain and suffering needed to realize your dreams</h3><p style=\"text-align: start;\">In 2007, we announced CUDA GPU Accelerated Computing. Our aspiration was for CUDA to become a programming model that boosts applications from scientific computing and physics simulations to image processing. Creating a new computing model is incredibly hard and rarely done in history.</p><p style=\"text-align: start;\">The CPU computing model has been the standard for 60 years since the IBM System 360. CUDA needed developers to write applications and demonstrate the benefits of the GPU.</p><p style=\"text-align: start;\">Developers needed a large installed base.  A large CUDA installed base needed customers buying new applications. To solve the chicken or the egg problem, we used GeForce, our gaming GPU, which already had a large market of gamers, to build the installed base.</p><p style=\"text-align: start;\">But the added cost of CUDA was very high.  NVIDIA&#39;s profits took a huge hit for many years. Our market cap hovered just above $1 billion.<br/>We suffered many years of poor performance.  Our shareholders were skeptical of CUDA.  And preferred we focused on improving profitability. But we persevered.</p><p style=\"text-align: start;\">We believed a time for accelerated computing would come.  We created a conference called GTC and promoted CUDA tirelessly worldwide. Then the applications came.</p><p style=\"text-align: start;\">Seismic processing, CT reconstruction, molecular dynamics, particle physics, fluid dynamics, and image processing. One science domain after another, they came.</p><p style=\"text-align: start;\">We worked with each developer to write their algorithms and achieved incredible speedups. Then, in 2012, AI researchers discovered CUDA.</p><p style=\"text-align: start;\">The famous AlexNet trained on GeForce GTX 580 started the Big Bang of AI. Fortunately, we realized the potential of deep learning as a whole new software approach. And turned every aspect of our company to advance this new field. </p><p style=\"text-align: start;\">We risked everything to pursue deep learning. A decade later, the AI revolution started. And NVIDIA is the engine of AI developers worldwide.  </p><p style=\"text-align: start;\">We invented CUDA and pioneered accelerated computing and AI. But the journey forged our corporate character to endure the pain and suffering that is always needed to realize a vision.  </p><h3 style=\"text-align: start;\">The third story of NVIDIA: Strategic retreat</h3><p style=\"text-align: start;\">One more story. In 2010, Google aimed to develop Android into a mobile computer with excellent graphics.</p><p style=\"text-align: start;\">The phone industry had chip companies with modem expertise.  NVIDIA&#39;s computing and graphics expertise made us an ideal partner to help build Android. So we entered the mobile chip market.</p><p style=\"text-align: start;\">We were instantly successful.  And our business and stock price surged.  The competition quickly swarmed. Modem chip makers were learning how to build computing chips. And we were learning how to build modems.  </p><p style=\"text-align: start;\">The phone market is huge.  We could fight for share. Instead, we made a hard decision and sacrificed the market.</p><p style=\"text-align: start;\">NVIDIA&#39;s mission is to build computers to solve problems that ordinary computers cannot.  We should dedicate ourselves to realizing our vision and to making a unique contribution.</p><p style=\"text-align: start;\">Our strategic retreat paid off.  By leaving the phone market, we opened our minds to invent a new one. We imagined creating a new type of computer for robotic computers.With neural network processor, safety architectures that run AI algorithms.  </p><p style=\"text-align: start;\">At the time, this was a zero billion dollar market. To retreat from a giant phone market to create a zero billion dollar robotics market. We now have billions of dollars of automotive and robotics business and started a new industry. Retreat does not come easily to the brightest and most successful people like yourself.</p><p style=\"text-align: start;\">Yet, strategic retreat, sacrifice, deciding what to give up, is that a core, the very core of success?</p><p style=\"text-align: start;\">Class of 2023, you&#39;re about to go into a world witnessing great change. And just as I was with the PC and chip revolution, you&#39;re at the beginning, at the starting line of AI.  Every industry will be revolutionized. Reborn.</p><p style=\"text-align: start;\">Ready for new ideas. Your ideas. In 40 years, we created the PC, internet, mobile, cloud, and now the AI era.</p><p style=\"text-align: start;\">What will you create?  Whatever it is, run after it like we did.  Run.  Don&#39;t walk. Remember, either you&#39;re running for food, or you are running from being food.</p><p style=\"text-align: start;\">I hope that part can be translated into Chinese so that everyone can understand. </p><blockquote>Either you&#39;re running for food, or you are running from becoming food.</blockquote><p style=\"text-align: start;\">And oftentimes, you can&#39;t tell which.  Either way, run.  And for your journey, take along some of my learnings. That you will have the humility to confront failure, admit a mistake, and ask for help.</p><p style=\"text-align: start;\">You will endure pain and suffering needed to realize your dreams. And you will make sacrifices to dedicate yourself to a life of purpose and doing your life&#39;s work.</p><p style=\"text-align: start;\">Class of 2023, I extend my heartfelt congratulations to each one of you.  Jiayou!</p><p><em>Comprehensive from NVIDIA Blog and businessyee.</em></p></body></html>","source":"lsy1685265109819","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia CEO Says Those Without AI Expertise Will Be Left Behind</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia CEO Says Those Without AI Expertise Will Be Left Behind\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-28 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://blogs.nvidia.com/blog/2023/05/26/huang-ntu-commencement/><strong>NVIDIA Blog</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.”NVIDIA founder and CEO Jensen Huang today (May 26) urged graduates of National...</p>\n\n<a href=\"https://blogs.nvidia.com/blog/2023/05/26/huang-ntu-commencement/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://blogs.nvidia.com/blog/2023/05/26/huang-ntu-commencement/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149444681","content_text":"“You are running for food, or you are running from becoming food. And often times, you can’t tell which. Either way, run.”NVIDIA founder and CEO Jensen Huang today (May 26) urged graduates of National Taiwan University to run hard to seize the unprecedented opportunities that AI will present, but embrace the inevitable failures along the way.Whatever you pursue, he told the 10,000 graduates of the island’s premier university, do it with passion and conviction — and stay humble enough to learn the hard lessons that await.“Whatever it is, run after it like we did. Run. Don’t walk,” Huang said, having swapped his signature black leather jacket for a black graduation robe, with the school’s plum-blossom emblem highlighting a royal blue, white and aqua collar.“Remember, either you are running for food; or you are running from becoming food. And often times, you can’t tell which. Either way, run.”Huang, who moved from Taiwan when he was young, recognized his parents in the audience, and shared three stories of initial failures and retreat. He called them instrumental in helping forge NVIDIA’s character during its three-decade journey from a three-person gaming-graphics startup to a global AI leader worth nearly a trillion dollars.“I was … successful — until I started NVIDIA,” he said. “At NVIDIA, I experienced failures — great big ones. All humiliating and embarrassing. Many nearly doomed us.”The first involved a key early contract the company won to help Sega build a gaming console. Rapid changes in the industry forced NVIDIA to give up the contract in a near-death brush with bankruptcy, which Sega’s leadership helped avert.“Confronting our mistake and, with humility, asking for help saved NVIDIA,” he said.The second was the decision in 2007 to put CUDA into all the company’s GPUs, enabling them to crunch data in addition to handling 3D graphics. It was an expensive, long-term investment that drew much criticism didn’t pay off for years until the chips started being used for machine learning.“Our market cap hovered just above a billion dollars,” he recalled. “We suffered many years of poor performance. Our shareholders were skeptical of CUDA and preferred we improve profitability.”The third was the decision in 2010 to charge into the promising mobile-phone market as graphics-rich capabilities were coming into reach. The market quickly commoditized, though, and NVIDIA retreated just as quickly, taking initial heat but opening the door to investing in promising new markets — robotics and self-driving cars.“Our strategic retreat paid off,” he said. “By leaving the phone market, we opened our minds to invent a new one.”Huang told grads that of the parallels in terms of boundless promise between the world he entered upon graduating four decades ago, on the cusp of the PC revolution, and the brave new age of AI they are entering today.“For your journey, take along some of my learnings,” he said. Admit mistakes and ask for help; endure pain and suffering to realize your dreams; and make sacrifices to dedicate yourself to a life of purpose.Full Transcript: NVIDIA CEO Jensen Huang's Commencement Address at National Taiwan UniversityLadies and gentlemen, esteemed faculty members, distinguished guests, proud parents, and above all, the 2023 graduating class of the National Taiwan University. Today is a very special day for you, and a dream come true for your parents.You should be moving out soon. It is surely a day of pride and joy.So, your parents have made sacrifices to see you on this day.  My parents are here, and so is my brother. Let's show all of our parents and our grandparents, many of them are here, our appreciation.I came to NTU for the first time over a decade ago.  Dr. Chen invited me to visit his computational physics lab. As I recall, his son, based in Silicon Valley, had learned of NVIDIA's CUDA invention and recommended his father utilize it for his quantum physics simulations.When I arrived, he opened the door to show me what he had made. NVIDIA GeForce gaming cards filled the room, plugged into open PC motherboards, and sitting on metal shelves in the aisles were oscillating platform fans.Dr. Chen had built a homemade supercomputer, the Taiwanese Way, out of gaming graphics cards. He started here, an early example of NVIDIA's journey.He was so proud, and he said to me, Mr. Huang, because of your work, I can do my life's work. Those words touch me to this day, and perfectly capture our company's purpose, to help the Einstein and Da Vinci of our time do their life's work.I am so happy to be back at NTU, and to be your commencement address.  The world was simpler when I graduated from Oregon State University.  TVs were not flat yet. There was no cable television, and MTV.And the words mobile and phone didn't go together. The year was 1984. The IBM PC-AT and Apple Macintosh launched the PC revolution.And started the chip and software industry that we know today. You enter a far more complex world, with geopolitical, social, and environmental changes and challenges.Surrounded by technology, we are now perpetually connected, and immersed in a digital world that parallels our real world. Cars are starting to drive by themselves.AI will create new jobs that didn't exist beforeForty years after the computer industry created the home PC, we invented artificial intelligence. Like software that automatically drives a car, or studies x-ray images, AI software has opened the door for computers to automate tasks for the world's largest, multi-trillion dollars of industries.  Healthcare, financial services, transportation, and manufacturing. AI has opened immense opportunities.Agile companies will take advantage of AI, and boost their position.  Companies less so, will perish. Entrepreneurs, many of them here today, will start new companies.And like in every computing era before, create new industries.  AI will create new jobs that didn't exist before. Like data engineering, prompt engineering, AI factory operations, and AI safety engineers.These are jobs that never existed before.  Automated tasks will obsolete some jobs.  And for sure, AI will change every job. Supercharging the performance of programmers, designers, artists, marketers, and manufacturing planners.Just as every generation before you embraced technologies to succeed, every company, and you, must learn to take advantage of AI. And do amazing things with an AI co-pilot by your side.While some worry that AI may take their jobs, someone who expert with AI will. We are at the beginning of a major technology era, like PC, internet, mobile, and cloud.  But AI is far more fundamental because every computing layer has been reinvented, from how we write software to how it's processed.AI has reinvented computing from the ground up.  In every way, this is a rebirth of the computer industry. And a golden opportunity for the companies of Taiwan.You are the foundation and bedrock of the computer industry. Within the next decade, our industry will replace over a trillion dollars of the world's traditional computers with new, accelerated AI computers.The first story of NVIDIA: Confronting mistakes and asking for helpMy journey started 40 years before yours.  1984 was a perfect year to graduate. I predict that 2023 will be as well.What can I tell you as you begin your journey?  Today is the most successful day of your life so far.  You're graduating from the National Taiwan University. I was also successful until I started NVIDIA.At NVIDIA, I experienced failures.  Great big ones.  All humiliating and embarrassing. Many nearly doomed us.Let me tell you three NVIDIA stories that define us today.  We founded NVIDIA to create accelerated computing. Our first application was 3D graphics for PC gaming.We invented an unconventional 3D approach called forward texture mapping and curves.  Our approach was substantially lower cost. We won a contract with SEGA to build their game console, which attracted games for our platform and funded our company.After one year of development, we realized our architecture was the wrong strategy.  It was technically poor. And Microsoft was about to announce Windows 95 Direct 3D based on inverse texture mapping and triangles.Many companies were already working on 3D chips to support this standard. If we completed SEGA's game console, we would have built inferior technology, be incompatible with Windows, and be too far behind to catch up.But we would be out of money if we didn't finish the contract.  Either way, we would be out of business. I contacted the CEO of SEGA and explained that our invention was the wrong approach.That SEGA should find another partner.  And that we could not complete the contract and the console.  We had to stop. But I needed Sega to pay us in whole. Or NVIDIA would be out of business.  I was embarrassed to ask. Irimajiri-san, the CEO of SEGA, to his credit and my amazement, agreed.His understanding and generosity gave us six months to live.  With that, we built RIVA 128.  Just as we were running out of money. RIVA 128 shocked the young 3D market, put us on the map, and saved the company.The strong demand for our chip led me back to Taiwan after leaving at the age of four to meet Morris Chang at TSMC and started a partnership that has lasted 25 years. Confronting our mistake and with humility asking for help, save NVIDIA.These traits are the hardest for the brightest and most successful like yourself. The second story of NVIDIA: Endure pain and suffering needed to realize your dreamsIn 2007, we announced CUDA GPU Accelerated Computing. Our aspiration was for CUDA to become a programming model that boosts applications from scientific computing and physics simulations to image processing. Creating a new computing model is incredibly hard and rarely done in history.The CPU computing model has been the standard for 60 years since the IBM System 360. CUDA needed developers to write applications and demonstrate the benefits of the GPU.Developers needed a large installed base.  A large CUDA installed base needed customers buying new applications. To solve the chicken or the egg problem, we used GeForce, our gaming GPU, which already had a large market of gamers, to build the installed base.But the added cost of CUDA was very high.  NVIDIA's profits took a huge hit for many years. Our market cap hovered just above $1 billion.We suffered many years of poor performance.  Our shareholders were skeptical of CUDA.  And preferred we focused on improving profitability. But we persevered.We believed a time for accelerated computing would come.  We created a conference called GTC and promoted CUDA tirelessly worldwide. Then the applications came.Seismic processing, CT reconstruction, molecular dynamics, particle physics, fluid dynamics, and image processing. One science domain after another, they came.We worked with each developer to write their algorithms and achieved incredible speedups. Then, in 2012, AI researchers discovered CUDA.The famous AlexNet trained on GeForce GTX 580 started the Big Bang of AI. Fortunately, we realized the potential of deep learning as a whole new software approach. And turned every aspect of our company to advance this new field. We risked everything to pursue deep learning. A decade later, the AI revolution started. And NVIDIA is the engine of AI developers worldwide.  We invented CUDA and pioneered accelerated computing and AI. But the journey forged our corporate character to endure the pain and suffering that is always needed to realize a vision.  The third story of NVIDIA: Strategic retreatOne more story. In 2010, Google aimed to develop Android into a mobile computer with excellent graphics.The phone industry had chip companies with modem expertise.  NVIDIA's computing and graphics expertise made us an ideal partner to help build Android. So we entered the mobile chip market.We were instantly successful.  And our business and stock price surged.  The competition quickly swarmed. Modem chip makers were learning how to build computing chips. And we were learning how to build modems.  The phone market is huge.  We could fight for share. Instead, we made a hard decision and sacrificed the market.NVIDIA's mission is to build computers to solve problems that ordinary computers cannot.  We should dedicate ourselves to realizing our vision and to making a unique contribution.Our strategic retreat paid off.  By leaving the phone market, we opened our minds to invent a new one. We imagined creating a new type of computer for robotic computers.With neural network processor, safety architectures that run AI algorithms.  At the time, this was a zero billion dollar market. To retreat from a giant phone market to create a zero billion dollar robotics market. We now have billions of dollars of automotive and robotics business and started a new industry. Retreat does not come easily to the brightest and most successful people like yourself.Yet, strategic retreat, sacrifice, deciding what to give up, is that a core, the very core of success?Class of 2023, you're about to go into a world witnessing great change. And just as I was with the PC and chip revolution, you're at the beginning, at the starting line of AI.  Every industry will be revolutionized. Reborn.Ready for new ideas. Your ideas. In 40 years, we created the PC, internet, mobile, cloud, and now the AI era.What will you create?  Whatever it is, run after it like we did.  Run.  Don't walk. Remember, either you're running for food, or you are running from being food.I hope that part can be translated into Chinese so that everyone can understand. Either you're running for food, or you are running from becoming food.And oftentimes, you can't tell which.  Either way, run.  And for your journey, take along some of my learnings. That you will have the humility to confront failure, admit a mistake, and ask for help.You will endure pain and suffering needed to realize your dreams. And you will make sacrifices to dedicate yourself to a life of purpose and doing your life's work.Class of 2023, I extend my heartfelt congratulations to each one of you.  Jiayou!Comprehensive from NVIDIA Blog and businessyee.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}