[ad_1]
Sky Sports’ Anton Toloui and Dave Richardson discuss England’s dramatic 4-3 loss at Wembley to Germany as Sarina Wiegman fielded an experienced side that went 3-0 down inside the first 30 minutes.
[ad_2]
Source link
Blog
-
The Verdict: Wembley 'shell shocked' after Lionesses defeat to Germany
-
What happens to Bitcoin price if Microsoft shareholders vote to buy BTC?
[ad_1]
Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
[ad_2]
Source link -
Nvidia Stock Could Soar Another 38%, According to 1 Wall Street Firm
[ad_1]
Nvidia (NASDAQ: NVDA) has been in scintillating form on the stock market in 2024, reaching gains of nearly 180% as of this writing. This is due to the robust growth that the company has been clocking in recent quarters on account of the strong demand for its graphics cards deployed in artificial intelligence (AI) servers.
The stock’s median 12-month price target of $150 — as per 64 analysts who cover Nvidia — indicates that there isn’t much upside on offer as it points toward gains of just 9% from current levels. However, Bank of America recently raised their price target on Nvidia from $165 to $190, which would translate into a 38% gain from current levels.
Let’s see why that was the case and check if this high-flying semiconductor stock could rise above consensus estimates and deliver stronger gains going forward.
Bank of America analysts have raised their price target on Nvidia because of the company’s dominant position in the AI chip market. They believe that the chipmaker could continue commanding an estimated 80% to 85% share of this space, which puts the company in a terrific position to capitalize on a $400 billion market opportunity.
Bank of America’s bullishness also stems from the arrival of Nvidia’s new generation of Blackwell processors, as well as a terrific earnings report from key supplier TSMC and Nvidia CEO Jensen Huang’s claim that the demand for its upcoming Blackwell cards is “insane.” It is worth noting that Nvidia management pointed out on the company’s August earnings-conference call that it is on track to sell several billion dollars’ worth of Blackwell processors in the fourth quarter of the current fiscal year.
More importantly, the demand for Blackwell chips is expected to be higher than their supply in 2025. That won’t be surprising as multiple cloud-computing giants are in line to deploy Nvidia’s Blackwell processors. In March this year, Nvidia management pointed out that Amazon Web Services, Dell Technologies, Google, Meta, Microsoft, OpenAI, Oracle, Tesla, and xAI are among the many companies expected to adopt the Blackwell platform.
That’s not surprising considering the huge leap in performance that Nvidia’s Blackwell platform is expected to deliver as compared to the prior-generation Hopper chips. More specifically, Nvidia is promising a 4 times increase in AI training performance and a 30 times jump in AI inference as compared to Hopper. Even better, Nvidia claims that Blackwell can train large language models (LLMs) at “up to 25x less cost and energy consumption than its predecessor.”
[ad_2]
Source link -
Dow, S&P 500 fall Friday — but Nasdaq sees longest weekly winning streak of 2024
[ad_1]
U.S. stocks closed mixed Friday as Treasury yields pressed higher and investors weighed fresh economic data ahead of next week’s jobs report.
[ad_2]
Source link -
Top 20 Must-Have Skills to Put on Your Resume
[ad_1]
Shift Drive / Shutterstock.com Writing a good resume is a difficult balancing act. You have to keep your resume length short and sweet, but still include enough quality information to make an impression. Hiring managers will hold a particular interest in the skills you possess. This means it’s very important to know what is relevant to the job when thinking of good skills to put on your resume. And though it goes without…
[ad_2]
Source link -
Boyd Stock Hits New High as Las Vegas, Norfolk Underpin Growth
[ad_1]
Posted on: October 25, 2024, 04:20h.
Last updated on: October 25, 2024, 04:20h.
Shares of Boyd Gaming (NYSE: BYD) rallied Friday, a day after the casino operator delivered third-quarter results — a report that highlighted growth opportunities in Las Vegas and Norfolk, Va.
Boyd Gaming’s Fremont Hotel and Casino in downtown Las Vegas. The stock hit a new 52-week high today as investors embraced the company’s growth plans. (Image: Vegas Means Business) The stock closed higher by 7.85% on volume that was nearly triple the daily average, ascending to a fresh 52-week high, after the operator waxed bullish on its plans for the Cadence Crossing Casino in suburban Las Vegas and a partnership with a Native American tribe to run a new gaming venue in Norfolk. Analysts took note with Stifel analyst Steven Wieczynski raising his price target on Boyd stock to $74 from $67.
BYD is slowly starting to stick out from their peer group given continued healthy/stable trends in their core Las Vegas locals market coupled now with a decent-sized long-term growth project (Norfolk, Va.) that will come online in stages starting next year,” observed the analyst.
He said that with the help of the aforementioned projects and “a pristine balance sheet” relative to rivals, previously dour sentiment on the stock could start turning for the better.
New Casinos Support Case for Boyd Stock
In its home market of Las Vegas, Boyd tussles with Red Rock Resorts (NASDAQ: RRR) to command the bulk of play from locals and with that rival planning enhancements in the Valley, Boyd needs to respond.
Some of that response includes Cadence Crossing, which will replace Jokers Wild Casino in Henderson — a property affected by the coronavirus pandemic. Boyd originally planned to rebuild the venue using the Jokers Wild name, but it’s taking the Cadence Crossing name to reflect ties to a new nearby master-planned community.
In Virginia, Boyd will work with the Pamunkey Indian Tribe, which recently won voter approval to build a new gaming venue along the Elizabeth River. Wieczynski said that project is attractive on multiple levels, including the point that it diminishes the likelihood of Boyd shopping for established casino assets.
“Moving onto the Norfolk project, we think the casino development represents a compelling opportunity for proven gaming operators to enter an underserved, high-quality market without having to pursue/execute large-scale M&A,” added the Stifel analyst. “We also think this $750M project decreases the likelihood that BYD will go out and buy a portfolio of land-based assets, which truth be told, makes us breathe a sigh of relief.”
Other Boyd Las Vegas Casinos Could Help, Too
During the third quarter, Boyd’s downtown Las Vegas segment, where it’s the largest operator, performed well, but the Orleans and the Gold Coast were hindered by what the company described as “competitive pressures.”
Those headwinds could be in the form of smaller independent operators boosting promotional activity at casinos that compete with Gold Coast and the Orleans as well as Red Rock’s Durango potentially pilfering some business from those venues as well as the Suncoast.
Boyd recently opened a new high-tech sportsbook at Suncoast and Wieczynski believes the opportunity is there for the operator to rejuvenate overall activity at that casino hotel.
“However, looking into 2025, we believe the setup for BYD could become extremely compelling relative to the broader regional gaming landscape,” concluded the analyst. “If the company can execute a similar playbook at Suncoast as they implemented at the Fremont, we believe the Las Vegas locals segment could be poised to not only normalize but deliver growth despite oppressive promotional conditions.”
[ad_2]
Source link -
Apple loses ground in China while Huawei soars during Q3
[ad_1]
Apple’s market share declined in the Chinese market, revealed a couple of reports on the local smartphone shipments. IDC and Canalys both confirmed that vivo was the best-selling company in Q3 2024, with Huawei and Xiaomi also seeing a huge increase in shipments, while their American competitor failed to match its results from twelve months ago.
Smartphone shipments in China during Q3 2024 according to IDC & CanalysWhile different analysts take different approaches to gathering their data, the overall picture clearly shows that the market in China is getting tighter. The difference between the first and fifth place is only 5pp.
IDC: Foldable smartphone shipments in total volume and market shareBetween July and September 2024, vivo kept covering multiple price ranges to appeal to many consumers. We also had Apple with its latest iPhones; Huawei relied on the patriotic note as faces restrictions due to US sanctions. Xiaomi sold phones at a lower price and a lower margin, while Honor launched the Magic Flip and Magic V3 foldables.
IDC: Smartphone market share by price categoryIDC revealed that shipments of phones over (the equivalent of) $600 grew to nearly 30%, while the share of premium devices ($400-$600) sank to 6.6%. This includes foldable smartphones, whose shipments grew 13.6% on a yearly basis.
Canalys: Market performance in Mainland China during Q3 2024Regarding foldables, Huawei remains the undisputed leader with 41% of all sales in Q3, followed by Honor with 21.9% market share. Xiaomi, Samsung, and vivo completed the Top 5.
[ad_2]
Source link
