Latest news with #BradSmith
Yahoo
a day ago
- Business
- Yahoo
Are investors reentering the AI trade after recent 'exodus'?
While Nvidia shares (NVDA) continue to see post-earnings gains after topping first quarter revenue estimates, Spear Invest Founder and CIO Ivana Delevska speaks with host Brad Smith about investor exits from the AI trade and their reentry into the play as they chase the new highs from chip stocks and tech leaders. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Stocks higher after a US court struck down President Trump's tariffs, declaring them illegal. The Nasdaq also getting a boost after Nvidia topped first quarter results, revenue soaring 69% in the most recent quarter. Joining me now, we've got Ivana Delevska, who is the Spear Invest founder and CIO. You say that investors have abandoned the AI trade, and we'll have to come back and chase the high-quality stocks and AI stocks like Nvidia. Why is that? So that's right, Brett. Thank you for having me. Basically, as tariffs started getting announced, and the economy became a little more uncertain, investors sold what they own, and they were really overweight the AI trade. Specifically people that didn't quite understand what they were getting themselves into, so it was a real exodus coming out of names like Nvidia, but even more so in some of the smaller caps. And right now as we approach second half, we're seeing the Blackwell ramping really well. And that's going to drive the entire value chain up, so we are very positive on the second half. So we think as we get closer to that, investors will have to come back and and chase it. What type of flows back into Nvidia do we see, even leading up into this earnings print from what you were able to assess? Well, for Nvidia specifically, it was really people coming back to it given the cancellation of the diffusion rule and few other positive catalysts. Like people thought that deep seek was going to be a headwind. It's actually turning out to be a tailwind. So there's been several positives for Nvidia specifically. For some of the smaller caps, there's also been a lot of short covering that we've been seeing. So the first leg up, I would say, from the bottom was mostly short covering. I think institutions and hedge funds are still quite underweight. And as they come to the market, I think that's when you're going to see the next leg up for these stocks. What's the most underappreciated portion or sector of the AI trade if you will? Well, there's several sectors that are underappreciated. One example is power generation. This space basically came under a lot of pressure, but it's actually not even going to be negatively impacted by tariffs, right? So as you have more onshoring, there's going to be more build out in the US, and there's going to be more power demand. So I would say that one sector is pretty misunderstood. Another area is networking. You're seeing a lot of the networking names sell off today, like Arista Networks, like Marvell, and those stocks basically are positively impacted by the AI trade. Some of the comments that Jensen made regarding their entrance into networking is making people nervous about the rest of the networking space and they're thinking that maybe Nvidia will gain market share. But even if they do, the market is growing at such an exponential rate that there is some piece of the pie for everybody here.
Yahoo
2 days ago
- Business
- Yahoo
Nasdaq, stocks push higher after Nvidia results, tariff ruling
US stocks (^DJI, ^IXIC, ^GSPC) are leading the day off in positive territory, the Nasdaq Composite pushing higher by over 1.4% after the market open. The Morning Brief's Brad Smith monitors the morning's early market and sector action coming off of Nvidia's (NVDA) first quarter earnings results released on Wednesday and a US trade court ruling on several of President Trump's sweeping tariff policies. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Take a look at the Dow Jones Industrial Average. It's up right now by about two tenths of a percent. The Nasdaq Composite, you're seeing that open up higher by about 1.4%. We'll dive into what's driving that here, Nvidia. Uh, S&P 500, you're also seeing that higher by about eight tenths of a percent. All of the major averages also seeing a little bit of a boost coming off of the uh Federal Trade Court ruling that the tariffs that were put in place and citing some of the international emergency uh the powers act that President Trump tried to invoke, uh they said not yet, uh and ultimately that in the ruling there, which is set to be appealed, that ultimately is moving some of the major averages higher here and some of the broader market sentiment factoring that in on the day. Let's take a look at technology. XLK, you're seeing that jump by about 1.3% here on the day. And then additionally, pulling up the caboose, consumer staples right now. That's lower by about three tenths of a percent. One of the safety trades, safe haven asset right there, or trade pocket of the market, however you want to call it, call it down today. Nvidia, after earnings, you're seeing that rip to the upside by about five and a half percent. We're going to put a longer-term chart on this just so you can see exactly how we've been moving year to date, and we are now back in the positive territory solidly year to date by about 5.9%. We'll continue to watch that very closely here. Of course, there was a lot of room that we had to ultimately and ground that we had to make up. But post earnings, we've seen exactly that happen here. And I'm going to take a look just quickly at a one-year chart. There we go. One year past 52 weeks, and you're seeing us not quite hit up on that top, but uh we are getting close to those levels here for Nvidia. And then additionally, taking a look at some of the other MAG 7s on the day, they're all higher across the board. I'll put this on an equal view for the Nasdaq 100, far more gainers than laggards. However, bringing up the caboose, the brand of the green siren, Starbucks. You're seeing that pull back just a little bit. It's down by about 1.1%. Somebody get it some coffee, maybe it'll know how to race to the upside. And for the Dow Jones Industrial Average Dow 30 components, we've got those mixed here on the day, but more green, it looks like than red CRM, Salesforce post earnings. We're going to talk about that in a hot second. That is pulling up the caboose down by about 6%. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Unity upgrade, UiPath earnings, Regeneron drug trial results
Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Unity Software's (U) upgrade to Buy from Jefferies analysts, UiPath (PATH) beating its earnings estimates, and Regeneron Pharmaceuticals (REGN) taking a stock hit on its mixed drug trial results for an experimental treatment to a condition referred to as smoker's lung. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
Yahoo
2 days ago
- Business
- Yahoo
Salesforce says over 8,000 customers using new agentic AI tool
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Salesforce's new agentic artificial intelligence product known as 'Agentforce' has so far generated over 8,000 deals, the company said Wednesday. Agentforce is also now producing $100 million in average order value, CEO Marc Benioff said during an earnings call. 'It's much faster than any product in our history, and we are not even fully deployed on all geographies, currencies or languages,' he said. Salesforce is among tech giants whose heavy AI spending is being closely watched by investors. Microsoft expects to spend roughly $80 billion during the current fiscal year on AI-enabled data centers to train large language models and deploy AI and cloud-based applications, Microsoft President Brad Smith said in January. The tech giant remains on track to achieve this spending goal despite a recent pullback in AI data center projects, a spokesperson told CFO Dive in April. In September, Salesforce's venture capital division, Salesforce Ventures, announced a $500 million AI fund, which at the time marked a total commitment of $1 billion in the space over a period of 18 months. That announcement came just days after Salesforce unveiled Agentforce, a suite of AI agents designed to perform workplace tasks. At the time, Benioff said the company was seeking to deploy one billion agents by the end of 2025. In addition to generating over 8,000 deals, Agentforce has also handled over 750,000 requests on cutting case volume by 7% year over year, the company said Wednesday. 'As a result, we have reduced some of our hiring needs, enabling us to rebalance and redeploy 500 customer support employees to higher impact data plus AI roles by year-end, driving $50 million in savings,' Salesforce Chief Operating and Financial Officer Robin Washington said during the Wednesday earnings call. The enterprise software giant highlighted the Agentforce news as it also posted $9.8 billion in total revenues for its fiscal 2026 first quarter ended April 30, an increase of 8% compared with the year-earlier period. Despite the revenue growth, the company's stock fell more than 9% on Thursday. Analysts at RBC Capital Markets on Thursday downgraded their rating for Salesforce on Thursday, questioning the wisdom of the software giant's Tuesday announcement that it agreed to buy cloud data management firm Informatica for about $8 billion. 'While we understand wanting to control the full stack at the data layer, we don't know that it was mission-critical to own Informatica outright, especially with Informatica having integrations with Salesforce (including Agentforce),' the analysts said. 'Furthermore, given many of Salesforce's prior acquisitions have not been integrated, we believe this creates deal risk, not to mention the risk that Informatica becomes a distraction from Salesforce's core business.' The analysts also said they've heard from industry participants who are 'mixed on Agentforce and whether the technology truly lives up to the marketing yet.' 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
Forbes
2 days ago
- Lifestyle
- Forbes
Defenders Girma, Fox Prove To Be True National (Team) Treasures
AUSTIN, TX - OCTOBER 22: Naomi Girma, Ashley Sanchez and Emily Fox of the United States pose for a ... More photo during USWNT training at St. David's Performance Center on October 22, 2024 in Austin, Texas. (Photo by Brad Smith/ISI Photos/USSF/Getty Images for USSF) When she returned to play with the U.S. Women's National Team earlier this week, Emily Fox was given the red-carpet treatment. Literally. After all, it's not every day you are a member of a team that captures the UEFA Women's Champions League. The right back is a member of Arsenal, which upset favored Barcelona for the title, 1-0, in Lisbon, Portugal on Saturday, May 24. As she entered a room at the team's hotel in Minneapolis, a stunned Fox walked onto the carpet while her U.S. teammates and team staff waved American flags and popped silly string, celebrating her accomplishment. "Yeah, very surprised and shocked when I walked up to the second floor in camp," Fox said during a Zoom media press conference on Wednesday. "It was amazing. It was really cool that literally everyone was there, like staff players, the whole thing. It's really special, just because you have club, you have country, and then it kind of meshes at some points." It was heartening to see a defender, an elite one at that, getting her due, particularly by her teammates. For the most part, defenders are ignored by the media, unless they make a major blunder or score a goal. Fox and USWNT center back Naomi Girma might not be known for their goal-scoring prowess as the likes of Sophia (nee Smith) Wilson, Trinity Rodman and Mallory Swanson have proved - but what they bring to the team is something that cannot be quantified: Superior defending at the highest level of competitions. LONDON, ENGLAND - MAY 10: Naomi Girma of Chelsea celebrates with the Barclays Women's Super League ... More Trophy following her team's victory in during the Barclays Women's Super League Match between Chelsea FC and Liverpool at Stamford Bridge on May 10, 2025 in London, England. (Photo by Harriet Lander - Chelsea FC/Chelsea FC via Getty Images) Girma helped Chelsea - USWNT head coach Emma Hayes' former club team, incidentally - capture the English women's treble - Women's Super League (a near-perfect 19-0-3 mark), FA Cup and Women's League Cup. In fact, after Girma's exceptional performance at the 2024 Paris Summer Olympics, Hayes called the center back the best woman's defender on the planet. "Look, she's the best defender I've ever seen," Hayes said after the team's 1-0 semifinal victory over Germany. "I've never seen a player as good as her at the back. She's got everything, poise, composure, she can defend, she anticipates, she leads. [She's] unbelievable." What is good for the team and scary for USA opponents is that both players are in their prime, and not grizzled old veterans. But they play like they have hundreds of games under their collective belts. Girma turns 25 on June 14, Fox 27 on July 5. Girma, who has represented her country 44 times, was honored as the 2024 U.S. Soccer Female Player of the Year and then became the first woman involved in a million-dollar transfer ($1.1 million), joining the Blues from the San Diego Wave (National Women's Soccer League) in January. "It was a big move for me, not just soccer-wise, life-wise, too," she said on Zoom on Wednesday. "It was a big step out of my comfort zone, leaving California, living somewhere different and playing in a different culture and country. It's a new challenge and new test, and that's been really exciting. To be in a different training environment and playing different types of teams has been a big test for me, and something that I hope I'll continue to grow with.' Injuries limited Girma to eight games across all competitions, including five in the league. Moving to a new team is difficult enough. Add another country and then an injury, and it becomes that much more challenging. In her WSL debut, Girma suffered an injury and was forced out of the match with a leg injury in the 59th minute of a 2-2 draw with Brighton on March 2. Girma persevered before returning in a 4-0 victory over Crystal Palace on April 23. "I think for a lot of us, you only see the tiniest moments of our career," she said. "And a lot of it, it does happen behind the scenes, and a lot of it isn't easy and isn't fun. I think in those moments for me, a lot of it is just relying on family and friends and my support system. Moving to London, that was harder, just because I was new. But I was able to find small wins in life, and had family visit and just explored the city and did everything I could to get healthy. In those moments, it really just is finding joy in little things and trying to find whatever joy you can off the field, because it's not always going to be going your way." Three major championships over several months can make life seem better. Even one title can, as well. LISBON, PORTUGAL - MAY 24: Jenna Nighswonger of Arsenal poses for a photograph with Emily Fox and ... More the UEFA Women's Champions League trophy after the UEFA Women's Champions League final match between Arsenal WFC and FC Barcelona at Estadio Jose Alvalade on May 24, 2025 in Lisbon, Portugal. (Photo by Alex Burstow/Arsenal FC via Getty Images) Barcelona was heavy favorites, but Arsenal scored via Swedish international Stina Blackstenius' goal in the 75th minute and held on to win, 1-0. Champions League matches are at another level, to which Fox has been accustomed. "You look at the Brazil game for the Olympics, [the] last game of a tough tournament with Barcelona, last game of the long season," Fox said. 'So, I definitely think leaning on that experience and that grind, and we did talk about before the game, like being able to suffer and being okay with it, because of the talent that Barca has, and being okay with not having the ball, which normally, as a team, we don't do." Arsenal was honored at its home venue, Emirates Stadium on Monday. Fox called it "surreal." "Just honored in the sense that I think when you're in it, it's hard to appreciate it, because you're always used to just going, and what's the next thing," she said. "When you have that time to connect with the fans, and the entire season ... I just think it's been an unreal experience." The next day Fox was back in the USA for another, albeit smaller celebration with her teammates. For most of the WSL season, Fox and Arsenal (15-4-3, 48) essentially played second fiddle to Chelsea, finishing 12 points behind their rivals. The Blues won both league encounters, 2-1 on the road on Oct. 12, and 1-0 at home on Jan. 26. Fox said that those London derby matches are "intense." "The atmosphere, leading up to the game, the intensity and just feels a little bit different," she added. "There's a lot of charged energy, especially depending if it's home or away. But they're games I always look forward to. I feel like specifically in those games, that's where I grow the most, because it is very uncomfortable. It is the best of the best. With the rivalry that we have with them, you never know what can happen." Fox said that there hasn't been any trash talk between her and Girma. "If anything, I would say Cat, but then she'll laugh afterwards," Fox said, referring to her USWNT teammate, Catarina Macario, who plays for Chelsea. "We both just smile at each other before the game and then see what happens." In fact, several U.S. London-based players haven gotten together for a brunch. The group included Chelsea forward Mia Fishel, Arsenal defender Jenna Nighswonger, Brighton & Hove Albion forward Madison Haley, Macario, Girma and Fox. MARSEILLE, FRANCE - JULY 28: Emily Fox of United States (L) and Naomi Girma of United States (C), ... More Trinity Rodman of United States (R) enter the field during the Women's group B match between United States and Germany during the Olympic Games Paris 2024 at Stade de Marseille on July 28, 2024 in Marseille, France. (Photo by Daniela Porcelli/) With their club seasons finished, Girma and Fox will work together in some friendlies. It starts on Saturday, May 31, when the USA faces China PR in Minneapolis, Minn. (5:30 p.m. ET, TBS, Max), and continues in St. Louis against Jamaica on Tuesday, June 3 at 8 p.m. ET (TNT, Max). The pressure and intensity might be different than what the two defenders experienced across the Atlantic. These games are friendlies, but there is plenty to prove. One thing is certain, neither player likes to lose. It has been a while since Girma played with the national team - not since a 2-1 win at the Netherlands on Dec. 3. And Hayes has given many young players a chance to show their worth at the international level. Girma said that Hayes "was excited to have me back and just wanted me to focus on feeling good within the team, getting comfortable with playing with new people and just enjoy being back. "The leadership and other things will come as we're playing in sessions and in games," she added. "So. she really just wanted me to have fun and be myself." Winning those games would make it even better.
