Denny's CEO asks potential hires these questions at the interview—if they can't answer, it's an immediate red flag
Landing a job in today's market can feel like finding a needle in a haystack. Not only do you have to find a role that you're interested in—and are qualified for—but you also have to craft an application, resume, and cover letter that's interesting to both humans and AI. But once you land the coveted interview, that's when the pressure is on.
Luckily, even during an era of AI-assisted interviews, there remain ways to stick out from the crowd.
When asked what her red flags are in hiring, Kelli Valade, CEO of Denny's Corporation, noted that she asks applicants a few critical questions.
One of the signs Valade looks for comes at the end of the interview, when she asks: what questions do you have for me?
'Have a thoughtful one or two. You don't really even have to have more than that,' she tells Fortune. 'Any more than that, actually, it's too much.'
In fact, it often does not matter what the questions are, but the fact that you do ask shows you did your homework and are seriously interested, Valade adds.
(However, Shark Tank star Barbara Corcoran advises candidates to ask, 'Is there anything standing in the way of you hiring me?')
She also is sure to ask: what would they say makes you most effective at what you do? Typically, candidates are pretty well equipped to answer that question, Valade says.
'Then I ask them, what would make them more effective?' she explains. 'Which basically is saying, what are your weaknesses? And there you'd be amazed at how many people can't answer that, or would say, 'I've not thought about it.' And so really what you're saying is, 'I've not thought about my weaknesses.''
The 55-year-old admits that she herself is a work in progress, but what's helped her stand out throughout her career is not shying away from admitting her areas of improvement. It's something she hopes to see in her employees, too.
From Denny's dishwasher to leading the world's biggest company
Now that you know tips for getting hired at Denny's, you may ask, why work at the restaurant chain?
There may be no more notable member of Denny's employee alumni than Jensen Huang. The now billionaire CEO of Nvidia started his career at the diner as a dishwasher at just 15 years old—and it's experience he credits for teaching him about hard work.
'I planned my work. I was organized. I was mise en place,' Huang told students at Stanford's Graduate School of Business last year. 'I washed the living daylights out of those dishes.'
'No task is beneath me,' he added. 'I used to be a dishwasher. I used to clean toilets. I cleaned a lot of toilets. I've cleaned more toilets than all of you combined. And some of them you just can't unsee.'
And while his time at Denny's came well before Valade's tenure, she says they are now friends today—and the billionaire continues to pay homage to the diner. His LinkedIn notably only includes two employers: Denny's and Nvidia. He also made an appearance last year at Denny's franchise convention and partnered with the company to launch a special edition 'Nvidia Breakfast Bytes.'
'Start your first job in the restaurant business,' Huang said in 2023. 'It teaches you humility, it teaches you hard work, it teaches you hospitality.'
From hostess to CEO
Valade started her career in the restaurant space at just age 16, when she landed a hostess job at TJ's Big Boy. Decades later, she began climbing up the corporate ladder in the human resources world—with the dream of one day becoming a chief people officer, not necessarily becoming a CEO.
So when she was tapped to jump from head of HR to chief operations officer at Chili's, self-doubt was her first instinct.
'I didn't think I could do that at the time,' she recalls. 'I thought, I think you're looking for the wrong person here. I don't know. My first instinct was, I'm not sure I know how to do that.'
While the feeling is natural, she adds leaders—and especially women—should self-reflect on whether you are holding yourself back from a greater potential.
'Push yourself and challenge yourself on why you may not feel like that,' she adds.
After later rising to brand president at Chili's and CEO of Red Lobster, Valade was tapped to become Denny's CEO in 2022, centering her career on two of her favorite things: people and pancakes.
This story was originally featured on Fortune.com
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Forbes
an hour ago
- Forbes
How Intel Stock Falls To $10
Intel stock (NASDAQ:INTC) has barely moved this year, up just 2%, as the company continues to struggle with shrinking relevance in its core CPU market and underwhelming progress in its foundry ambitions, despite investing over $50 billion in the space. Revenue has collapsed from $79 billion in 2021 to $53 billion in 2024. While the broader PC market is showing signs of stabilization, Intel's top line is projected to decline again this year - suggesting revenue stagnation could become the norm. Meanwhile, stocks of competitors like AMD and Nvidia are soaring, up 43% and 24% respectively in 2025. Could Intel stock plunge to $10 - half its current value? It may seem extreme, but given the steady erosion of its fundamentals, it's no longer unthinkable. Below, we provide a scenario considering three key metrics, namely revenues, net margins, and price-to-earnings multiple. That said, if you want upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. SANTA CLARA, CA - JULY 15: An Intel sign is displayed in front of the Intel company headquarters ... More July 15, 2008 in Santa Clara, California. Intel has reported a 25 percent increase in its second quarter earnings with net income of $1.6 billion or 28 cents per share compared to $1.28 billion, or 22 cents per share one year ago. (Photo by) Revenues Could Stagnate Intel's sales have declined considerably of late. Intel revenues declined from $79 billion in 2021 to $53 billion in 2024 as Intel's CPU sales declined due to the cooling off of the PC market post-Covid-19, and also due to market share gains by rival AMD. The rise in mobile devices and increasing demand for AI chips - areas where Intel has a limited presence - have also hurt. While the PC market is recovering with sales projected to grow by low single-digits this year, Intel's revenues don't look like they will stabilize just yet, with consensus estimates projecting a 2% dip in sales this year. There remains a possibility that Intel could see its revenues stagnate in the interim due to a host of factors. While Intel struggles, Will AGI Take Nvidia Stock To $300? Foundry business may not be taking off: There's are increasing signs that Intel's foundry bet isn't taking off the way the company had expected. During its most recent earnings call, Intel appeared to play down hopes of winning major external customers for its 18A process - its most advanced manufacturing tech to date - with the leadership noting that 18A will primarily be used for internal products to begin with. Intel also said in its quarterly filing that it could potentially 'pause or discontinue' its next-generation 14A process if it was unable to win a significant customer. However, the market for foundry services is actually booming. Taiwan's TSMC - the world's largest foundry player - sees its AI-related chips revenue doubling in 2025 and rising at a mid-40% levels over the next five years. Intel, on the other hand, is witnessing very little of the action. CPU market share losses: Intel's CPU business could face further pressure, despite new launches, as the generative AI era could open the doors to more competition as PC makers look to incorporate more smarts into their devices. For instance, both chip-designer ARM and mobile chipset specialist Qualcomm are pushing into the PC space and Microsoft's latest Copilot+ PCs use ARM chips that offer AI features and consume less power. On the server front too, there could be challenges as accelerated computing servers used for generative AI applications typically require just one CPU for eight or more GPUs in AI servers. Moreover, GPU makers such as Nvidia are playing a bigger role in overall server system design, looking to replace dedicated CPUs from the likes of Intel with lower-powered ARM chips instead of Intel's. This could impact Intel's bread-and-butter CPU business. Foundry utilization dilemma: Intel also faces a dilemma of sorts. While competitors like AMD and NVIDIA use TSMC's superior, cutting-edge manufacturing processes, Intel must balance product competitiveness with the financial health of its own costly foundries. Intel has already been sending some chip orders TSMC's way in recent years for crucial components of some of its recent processors. While this outsourcing boosts Intel's product performance, it simultaneously starves its internal manufacturing division of crucial orders needed to cover fixed costs. This forces Intel into a difficult choice: risk using its own possibly less advanced fabs and falling behind rivals in the CPU game, or undermine its internal foundry operations by further embracing TSMC. Intel is clearly on the back foot. While the company is keen to build momentum - employee morale can't be high either. Customers and buyers are more likely to want the 'best' and if the word on the street is that Intel isn't the 'future' - it's less likely to be the choice 'now.' Everything becomes just a tad harder. Intel revenues are projected at about $52 billion for this year per consensus estimates and there is a possibility that sales could remain flat in the coming years, due to the aforementioned factors. Margins Fall Further? Intel's adjusted net margins (net income, or profits after expenses and taxes, calculated as a percent of revenues) have been on a declining trajectory - they fell from levels of over 28% in 2021 (and in years before that) to just about 8.5% in 2023 due to sales declines and considerable losses in the foundry business. The metric fell to negative levels in 2024 as Intel posted losses. While the markets are likely betting that Intel's margins could eventually expand to historical levels as it sets its product and manufacturing roadmap in order, there remains a possibility that margins could remain depressed, remaining at about 5% levels in 2025. Costs associated with the foundry ramp-up could hurt Intel's bottom line. Moreover, Intel's move to outsource production of its Arrow Lake chip to TSMC could potentially reduce the utilization of its own manufacturing facilities. Intel has also not exactly been known for production efficiency. For perspective, in 2023, Intel's foundry business reported an operating loss of $7 billion on sales of $18.9 billion. Separately, higher competition in the CPU space - where new entrants such as Qualcomm and ARM - might also force Intel to resort to some amount of discounting. How This Impacts Intel's Stock Now at the current market price of about $20 per share, Intel trades at about 160x estimated 2025 earnings and about 1.7x consensus revenue. Since Intel was unprofitable in 2024, let's ignore the P/E multiple for this year. In 2023, Intel traded at about 19x. So what explains the difference in Intel's P/E multiple using 2023 and 2025 earnings? It's because investors are betting that things will get better going forward. However, if Intel doesn't deliver in the interim, investor sentiment could go further downhill. If we combine the scenario we detailed above - which assumes no meaningful annual revenue growth between 2025 and 2027 with adjusted net margins falling to about 5% - this means that adjusted net income could fall from about $4.4 billion in 2023 ($1.05 per share) to about $2.5 billion in 2027 ($0.58). Bad times make it easier to imagine worse times - and when that happens, things can spiral causing investors to assign an even lower multiple to Intel re-assessing Intel's recovery path. For example, if Intel's investors assign a multiple of 18x to Intel, following its continued underperformance, this would translate into a stock price of just about $10 per share. What about the time horizon for this negative-return scenario? While our example illustrates this for a 2027 timeline, in practice, it won't make much difference whether it takes two years or four. If the competitive threat plays out, with Intel also continuing to struggle with manufacturing, we could see a meaningful correction in the stock. While you would do well to be careful with INTC stock for now, you could explore the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics.
Yahoo
an hour ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures rise as earnings flood in, jobs data on deck
US stock futures moved higher on Tuesday, eyeing a bid for more records as investors combed through a fresh rush of corporate earnings and waited for key economic data in a big week on Wall Street. S&P 500 futures (ES=F) rose 0.3% on the heels of narrowly notching a sixth all-time closing high in a row. Dow Jones Industrial Average futures (YM=F) also edged up 0.2%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) led the way higher with a 0.5% gain. The mood is modestly upbeat as a blockbuster week for markets gets into full swing. The Federal Reserve kicks off its two-day policy meeting on Tuesday, while the JOLTS job openings update for June due later ushers in a series of crucial labor data culminating in Friday's nonfarm payrolls report. Meanwhile, earnings take center stage as before-the-bell reports from Spotify (SPOT) and UnitedHealth (UNH) disappointed Wall Street. Results from Boeing (BA) and Starbucks (SBUX) will be scrutinized for signs of turnaround progress and of the impact of tariffs on outlooks. That sets the tone for this week's highlights, results from tech giants Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META). Read more: Full earnings coverage in our live blog Also looming large is President Trump's deadline Friday for trading partners to strike deals or face blanket tariff rates. Hopes for an extension to the US-China trade truce are buoying the likes of AI chipmaker Nvidia's (NVDA) stock. Read more: The latest on Trump's tariffs Trade war fears may have lost their grip on markets, given the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) only barely managed new records on Monday despite a new US-EU trade deal. On Tuesday's economic docket, Conference Board's July reading on consumer confidence and a S&P CoreLogic print on home prices in May provide a health check on the economy ahead of an update on second quarter GDP later this week, Nvidia leads Mag 7 premarket amid sign of 'enormous pent-up demand' from China Nvidia (NVDA) led the Big Tech "Magnificent Seven" stocks higher Tuesday before the market open, climbing 1.4% after Reuters reported that the AI chipmaker ordered 300,000 H20 chips from its contract manufacturer TSMC. "This supports our theory that there is enormous pent-up demand for NVDA chips from China right now," wrote Hedgeye Risk Management analyst Felix Wang in a note to clients Tuesday morning. Meanwhile, Microsoft (MSFT), Meta (META), and Amazon (AMZN) rose fractionally ahead of their quarterly earnings reports later this week. Apple (AAPL), Google (GOOG), and Tesla (TSLA) traded down less than 1%. Good morning. Here's what's happening today. Economic data: S&P CoreLogic 20-city home price index (May); Conference Board consumer confidence, July; Job Openings and Labor Turnover Survey (June); Dallas Fed services activity (July) Earnings: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Here are some of the biggest stories you may have missed overnight and early this morning: The market is finally getting what it wants 35 charts explain markets and the economy right now UnitedHealth stock falls after reporting mixed Q2 earnings Sarepta stock soars as FDA reverses course on gene therapy pause Spotify stock slides after Q2 earnings and revenue miss Trump's DOJ puts companies on notice on tariffs US, EU rush to clinch final details and lock in trade deal Apple to Shutter a Retail Store in China for the First Time Ever Stellantis faces $1.7B hit from US tariffs this year Trending tickers: UPS, Whilepool and Royal Caribbean Here are some top stocks trending on Yahoo Finance in premarket trading: UPS (UPS) stock fell over 2% before the bell on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies. Whirlpool (WHR) stock fell premarket on Tuesday. after the appliance maker slashed its earnings outlook the day prior. Royal Caribbean (RCL) stock rose 4% before the bell after raising its annual profit forecast on Tuesday, banking on resilient demand for the cruise operator's high-end private island destinations and premium sailings. The market is finally getting what it wants Wall Street's busiest week of the summer is turning out to be an inflection point. Yahoo Finance's Hamza Shaban explains why in today's Morning Brief: Read more here. Spotify stock sinks after Q2 earnings miss Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the company missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations in the quarter, though subscriber metrics for both premium and ad-supported tiers came in ahead of estimates. Gross margins of 31.5% came in as expected. Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. 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Sarepta's stock is poised to build on a 16% gain on Monday, continuing a recent volatile spell triggered by changing fortunes for its best-selling product. AP reports: Read more here. Nvidia orders 300,000 H20 chips from TSMC to satiate Chinese demand Reuters reports: Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile. Read more here. Oil maintains gains with tariffs and OPEC+ supply in sight Oil maintained gains following Trump putting pressure on Russia over the war in Ukraine with economic sanctions against Putin's government on the table. Bloomberg reports: Read more here. Nvidia leads Mag 7 premarket amid sign of 'enormous pent-up demand' from China Nvidia (NVDA) led the Big Tech "Magnificent Seven" stocks higher Tuesday before the market open, climbing 1.4% after Reuters reported that the AI chipmaker ordered 300,000 H20 chips from its contract manufacturer TSMC. "This supports our theory that there is enormous pent-up demand for NVDA chips from China right now," wrote Hedgeye Risk Management analyst Felix Wang in a note to clients Tuesday morning. Meanwhile, Microsoft (MSFT), Meta (META), and Amazon (AMZN) rose fractionally ahead of their quarterly earnings reports later this week. Apple (AAPL), Google (GOOG), and Tesla (TSLA) traded down less than 1%. Nvidia (NVDA) led the Big Tech "Magnificent Seven" stocks higher Tuesday before the market open, climbing 1.4% after Reuters reported that the AI chipmaker ordered 300,000 H20 chips from its contract manufacturer TSMC. "This supports our theory that there is enormous pent-up demand for NVDA chips from China right now," wrote Hedgeye Risk Management analyst Felix Wang in a note to clients Tuesday morning. Meanwhile, Microsoft (MSFT), Meta (META), and Amazon (AMZN) rose fractionally ahead of their quarterly earnings reports later this week. Apple (AAPL), Google (GOOG), and Tesla (TSLA) traded down less than 1%. Good morning. Here's what's happening today. Economic data: S&P CoreLogic 20-city home price index (May); Conference Board consumer confidence, July; Job Openings and Labor Turnover Survey (June); Dallas Fed services activity (July) Earnings: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Here are some of the biggest stories you may have missed overnight and early this morning: The market is finally getting what it wants 35 charts explain markets and the economy right now UnitedHealth stock falls after reporting mixed Q2 earnings Sarepta stock soars as FDA reverses course on gene therapy pause Spotify stock slides after Q2 earnings and revenue miss Trump's DOJ puts companies on notice on tariffs US, EU rush to clinch final details and lock in trade deal Apple to Shutter a Retail Store in China for the First Time Ever Stellantis faces $1.7B hit from US tariffs this year Economic data: S&P CoreLogic 20-city home price index (May); Conference Board consumer confidence, July; Job Openings and Labor Turnover Survey (June); Dallas Fed services activity (July) Earnings: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Here are some of the biggest stories you may have missed overnight and early this morning: The market is finally getting what it wants 35 charts explain markets and the economy right now UnitedHealth stock falls after reporting mixed Q2 earnings Sarepta stock soars as FDA reverses course on gene therapy pause Spotify stock slides after Q2 earnings and revenue miss Trump's DOJ puts companies on notice on tariffs US, EU rush to clinch final details and lock in trade deal Apple to Shutter a Retail Store in China for the First Time Ever Stellantis faces $1.7B hit from US tariffs this year Trending tickers: UPS, Whilepool and Royal Caribbean Here are some top stocks trending on Yahoo Finance in premarket trading: UPS (UPS) stock fell over 2% before the bell on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies. Whirlpool (WHR) stock fell premarket on Tuesday. after the appliance maker slashed its earnings outlook the day prior. Royal Caribbean (RCL) stock rose 4% before the bell after raising its annual profit forecast on Tuesday, banking on resilient demand for the cruise operator's high-end private island destinations and premium sailings. Here are some top stocks trending on Yahoo Finance in premarket trading: UPS (UPS) stock fell over 2% before the bell on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies. Whirlpool (WHR) stock fell premarket on Tuesday. after the appliance maker slashed its earnings outlook the day prior. Royal Caribbean (RCL) stock rose 4% before the bell after raising its annual profit forecast on Tuesday, banking on resilient demand for the cruise operator's high-end private island destinations and premium sailings. The market is finally getting what it wants Wall Street's busiest week of the summer is turning out to be an inflection point. Yahoo Finance's Hamza Shaban explains why in today's Morning Brief: Read more here. Wall Street's busiest week of the summer is turning out to be an inflection point. Yahoo Finance's Hamza Shaban explains why in today's Morning Brief: Read more here. Spotify stock sinks after Q2 earnings miss Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the company missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations in the quarter, though subscriber metrics for both premium and ad-supported tiers came in ahead of estimates. Gross margins of 31.5% came in as expected. Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Read more here. Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the company missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations in the quarter, though subscriber metrics for both premium and ad-supported tiers came in ahead of estimates. Gross margins of 31.5% came in as expected. Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Read more here. UnitedHealth stock slips after mixed Q2 results Shares of UnitedHealth Group (UNH) fell nearly 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Shares of UnitedHealth Group (UNH) fell nearly 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Sarepta stock rockets higher after FDA greenlight Shares in drugmaker Sarepta (SRPT) rocketed up over 30% in premarket after the embattled company got the FDA's go-ahead to resume shipments of its Elevdis gene therapy. The greenlight comes after Sarepta put a voluntary pause on shipments for some patients while the US regulator reviewed its safety following deaths. The FDA on Monday recommended that the compa lift that halt. Sarepta's stock is poised to build on a 16% gain on Monday, continuing a recent volatile spell triggered by changing fortunes for its best-selling product. AP reports: Read more here. Shares in drugmaker Sarepta (SRPT) rocketed up over 30% in premarket after the embattled company got the FDA's go-ahead to resume shipments of its Elevdis gene therapy. The greenlight comes after Sarepta put a voluntary pause on shipments for some patients while the US regulator reviewed its safety following deaths. The FDA on Monday recommended that the compa lift that halt. Sarepta's stock is poised to build on a 16% gain on Monday, continuing a recent volatile spell triggered by changing fortunes for its best-selling product. AP reports: Read more here. Nvidia orders 300,000 H20 chips from TSMC to satiate Chinese demand Reuters reports: Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile. Read more here. Reuters reports: Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile. Read more here. Oil maintains gains with tariffs and OPEC+ supply in sight Oil maintained gains following Trump putting pressure on Russia over the war in Ukraine with economic sanctions against Putin's government on the table. Bloomberg reports: Read more here. Oil maintained gains following Trump putting pressure on Russia over the war in Ukraine with economic sanctions against Putin's government on the table. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Nvidia Surges Ahead in China with 300,000 Chip H20 Deal at TSMC
July 29 - Nvidia (NASDAQ:NVDA) last week ordered 300,000 H20 AI chips from Taiwan Semiconductor Manufacturing (NYSE:TSM) to bolster its supply for China, Reuters sources say. This fresh order adds to an existing stockpile of roughly 600,000700,000 units as demand climbs. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The H20 arrived after U.S. regulators lifted an April ban on Nvidia's AI processors for China. Earlier this month, the Trump administration cleared the company to resume H20 GPU shipments under a modified export regime. Despite that approval, Nvidia still needs final export licenses from the Commerce Department, and sources report those are still pending. Designed specifically for the Chinese market, the H20 delivers lower performance than Nvidia's global H100 and Blackwell series to meet U.S. trade rules. By placing a large new order, Nvidia signals strong end?customer uptake in China's fast?growing AI sector. Analysts say the move highlights Nvidia's push to secure capacity at TSMC amid fierce competition for advanced chips. As China's cloud and tech firms race to deploy AI services, Nvidia looks to keep its AI pipeline full, and its lead intact. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data