Here are Thursday's biggest calls on Wall Street.
Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said investors should continue to buy the dip in shares of Nvidia despite reports of AI chips supply constraints. "NVIDIA is selling off sharply because of guidance from a key OEM customer for systems revenues to decline slightly in the September quarter.
Morgan Stanley upgrades Kornit Digital to overweight from equal weight Morgan Stanley said investors should buy the dip on shares of the digital printing company. " Kornit's stock fell 21% today, after reporting a relatively in-line quarter but guiding down 2H revenue about 7% below Consensus expectations.
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Tesla's CFO Zach Kirkhorn Steps Down At A Pivotal TimeTesla's Chief Financial Officer, Zach Kirkhorn, has announced his departure from the company after serving in the role since 2019. Kirkhorn, who has been with Tesla for over 13 years, will remain with the company until the end of 2023. Vaibhav Taneja, the brand's Chief Accounting Officer, will take over on an interim basis. This transition comes at a crucial moment for Tesla as it undergoes a significant product shift. Both Kirkhorn and Tesla have confirmed the split through separate statements.
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Nvidia Reveals New AI Chip, Expects Significant Drop in LLM Running CostsNvidia announced the GH200, a new AI chip designed for data centers, which combines a powerful GPU with advanced memory and a central processor. The company expects the chip to significantly reduce the costs of running AI models.
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Nvidia Workbench: Making AI Model Training Accessible to EveryoneNvidia has introduced AI Workbench, a platform that simplifies the process of creating generative AI models. This workspace enables developers to develop and deploy these models on different Nvidia AI platforms, such as PCs and workstations.
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Nvidia's stock slips on introduction of new AI data-center CPU+GPU chipNvidia Corp. responds to rival AMD's lead AI data-center product with the introduction of a new CPU+GPU chip, causing a slip in Nvidia's stock.
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Nvidia Unveils More Powerful AI Chip Coming Next YearNvidia announces the GH200, a new AI chip that will be even faster than its predecessor. The GH200 will have three times the memory capacity of the popular H100 GPU.
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Nvidia Drops New AI Chip Expected to Cut Development CostsNvidia, a leading semiconductor chip developer, unveils its latest chip designed for high-level AI systems, aiming to significantly reduce development costs.
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