Nvidia challengner Groq in talks over $6B valuation, Information reports
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8 minutes ago
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Morgan Stanley's highest conviction picks into earnings
Morgan Stanley expects a handful of stocks that are reporting quarterly results soon to see big gains. Second-quarter earnings season has so far impressed Wall Street, even as investors keep an eye on commentary about tariff-related uncertainty and artificial intelligence spending and demand. Of the 88 S & P 500 companies that have reported results, more than 82% have beaten analysts' estimates, according to FactSet data. Analyst Michelle Weaver wrote in a Tuesday note to clients that Morgan Stanley expects a "normal" rate of companies outpacing earnings estimates this season. "Given the downward EPS revisions we saw in April / May and the subsequent recovery in Earnings Revisions Breadth from –25% to ~1% , we expect the index to deliver 2Q beat rates roughly in line with historical averages (4-5%)," Weaver wrote. She added, earnings should be "top-heavy," led by strong year-over-year "Magnificent Seven" net income growth. Below are five of Morgan Stanley's 13 highest conviction plays. These are stocks in which near-term catalysts should drive "a meaningful move" upward, according to the firm. Morgan Stanley views Nvidia as an earnings winner. The firm rates the chipmaking giant overweight with a $170 price target, which implies 1.8% potential upside. "Expect the pace of revenue and EPS to accelerate on the print, as demand remains very strong and NVDA continues to deliver upside on the supply side having resolved issues with rack scale products," the firm said about the stock. Analysts are bullish that Nvidia's revenue growth in the second half of 2025 and 2026 will improve after the company resumes shipments of previously banned H20 chips to China. CVS Health is another name Morgan Stanley likes, with an overweight rating and a price target that implies the stock could gain about 31%. Analyst Erin Wright called CVS a "compelling turnaround story in Managed Care," given its focus on the Medicare Advantage business, which she said has earnings power. "CVS should be a cleaner print in what has been a volatile period for Managed Care, with another 'beat and maintain' or ~in line quarter likely, in our view, offering welcomed relief," Wright said. CVS in the first quarter exceeded estimates and hiked its earnings guidance , but did not provide a revenue forecast given uncertainty with higher medical costs from more Medicare Advantage patients returning to hospitals. CVS 1Y mountain CVS Health performance over the past year. AI data center play Eaton has room for upside, according to analyst Chris Snyder. He views the stock as attractively positioned heading into earnings due to margins in its Electrical Americas business. "We have confidence in both ETNs pricing power & ability to drive volumes higher given company backlog and ongoing capacity adds," the analyst said.
Yahoo
15 minutes ago
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Elon Musk: 1M Nvidia GPUs? Nah, My Supercomputers Need the Power of 50M
Elon Musk isn't stopping at acquiring 1 million Nvidia GPUs for AI training. The billionaire wants millions more as his startup xAI races to beat the competition on next-generation AI systems. Musk today tweeted that xAI aims for compute power that's on par with 50 million Nvidia H100 GPUs, the enterprise-grade graphics chip widely used for AI training and running chatbots. "The xAI goal is 50 million in units of H100 equivalent-AI compute (but much better power-efficiency) online within 5 years,' he said. Musk's tweet comes a day after rival Sam Altman, the CEO of OpenAI, wrote in his own post about plans to run 'well over 1 million GPUs by the end of this year,' with the goal of exponentially scaling up the compute power by '100x.' Meta CEO Mark Zuckerberg, meanwhile, has a similar goal; he wants mega data centers devoted to developing AI super intelligence. These growing AI investments underscore how expensive it is to scale up (and attract top talent). Musk's tweet doesn't mean he'll try to buy 50 million GPUs, though. The H100 was introduced in 2022 before Nvidia began offering more powerful models, including in the GB200, which can reportedly deliver an up to 2.5 times performance boost. Nvidia has also released a roadmap that outlines two additional GPU architectures, Rubin and Feynman, which promise to unleash more powerful AI chips in the coming years with improved power efficiency. Still, Musk's xAI will likely need to buy millions of Nvidia GPUs to reach his goal. In the meantime, Musk said in another tweet that xAI's Colossus supercomputer in Memphis, Tennessee, has grown to 230,000 GPUs, including 30,000 Nvidia GB200s. His company is also building a second Colossus data center that'll host 550,000 GPUs made up of Nvidia's GB200s and more advanced GB300 chips. This compute power requires enormous amounts of electricity; xAI is using gas turbines at the Colossus site, which environmental groups say are worsening the air pollution in Memphis.
Gizmodo
37 minutes ago
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This Retro PC Case Gives Your Gaming Rig Big Windows 95 Energy
Nostalgia is a hell of a drug. It's enough to turn off the parts of my brain that would normally despise the look of a big, gray, plastic box and transform me into a drooling retro devotee ready to hand over his cash just to hear those fans whir. That was my first reaction when I saw custom PC maker Maingear's new Retro95 throwback PC case. It comes packed with the modern components you expect to see in a modern gaming rig, but it adds extras like an optical disc drive and I/O ports hidden under a flap where you'd expect to find a floppy disk drive. The Retro95 is housed in a custom SilverStone FLP01 horizontal chassis that first hit the scene late last year. Maingear added its own embellishments, including a Windows 95-esque version of its logo above the twin USB-C ports out front. There's a cheeky 'Maingear Inside' sticker on the side of the device meant to help you reminisce when Intel stuck similar messaging on the side of every PC case. That's a little ironic, considering the case comes with options for both AMD and Intel CPUs. You can get a version with a powerful gaming CPU like the AMD Ryzen 7 9800X3D and up to an Nvidia GeForce RTX 5080 GPU. Maingear said it chose its components while keeping in mind 'modern thermals,' though that will be tight considering the RTX 5080 will essentially cut off airflow between one side of the case and the other. The optical drive is large enough that it juts out and overlaps the CPU cooler by a few centimeters. The system supports Noctua fans and up to an 850W PSU, and Maingear has a strong track record on gaming rigs with some of the best cable management I've personally experienced on pre-built PCs, like with the company's MG-1 PC. Beyond aesthetics, seeing that 24x DVD-R drive is a reminder of some of my first PC builds, back when I still had enough game discs to warrant the optical drive hovering above the big block that was my HDD. As much as it might sound fun to slot in your old copy of Planescape: Torment on disc to play in the old way, you'll run up against the mountain of compatibility issues with Windows 11 and all the new components in your rig. You'll either need to download mods and get good at troubleshooting or else turn to services like GOG's Good Old Games preservation service and continue to rely on digital downloads. You could source a Blu-ray DVD player to watch a few modern films on your PC. I'm sure there are folks out there planning to complete the look with a big, blocky CRT monitor. The case starts at $1,600 without the optical drive and an RTX 5050 packed in with an AMD Ryzen 5 9600X. That would still be more than enough to make the PC into a grand emulation station for all your old-school PC titles. Getting a config with all the fixings could cost well over $3,000, which should be expected considering the standing cost of today's high-end components. Either way, the PC will be a showpiece model with the added benefit of a modern motherboard and I/O ports. As much as the custom PC maker's artistic Apex PCs look great, the old grey boxes will have an appeal all their own.
