Latest news with #ByronDeeter
Yahoo
5 days ago
- Business
- Yahoo
NVIDIA (NVDA) Reported 'Fantastic' Q1 Results, Veteran AI Investor Says
NVIDIA Corporation (NASDAQ:NVDA)'s Q1 results were "fantastic" and showed that the chip maker is not having trouble meeting demand, Byron Deeter said yesterday on CNZBC. A partner at Bessemer Venture Partners, Deeter was described by CNBC as "a noted cloud AI and software investor." NVDA's results show that it's "still able to deliver on the supply side," the investor stated. He added that "there's never been a question" about the strength of the demand for the company's chips. The major cloud-infrastructure players said that they are "begging their supply chains to deliver these chips," Deeter noted. As a result, if NVIDIA Corporation (NASDAQ:NVDA) is able to produce large numbers of chips, the tech giant will be very successful in the "short term," Deeter suggested. On the other hand, in the longer term, as the large cloud-infrastructure players produce more of their own chips, NVDA's "performance" could undergo "some pressure," the investor warned. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
CNBC
6 days ago
- Business
- CNBC
National security is of paramount importance when it comes to AI chips, says Bessemer's Byron Deeter
Byron Deeter, Bessemer Venture Partner, joins 'Closing Bell Overtime' to talk the state of chip exports in the U.S.
Bloomberg
20-05-2025
- Business
- Bloomberg
NFL Owners Approve 49ers, Chargers' Sale of Minority Stakes
NFL owners approved the sale of a 6.2% stake in the San Francisco 49ers to three investor groups at an $8.5 billion valuation, the highest ever for a sports team. The sale to three local families was one of several limited-partner deals approved Tuesday during the NFL owners' spring meetings in Minnesota. Billionaire Vinod Khosla is buying the largest stake, joined by the families of Byron Deeter, a partner at Bessemer Venture Partners, and Will Griffith, founding partner at Iconiq Growth.
Bloomberg
15-05-2025
- Business
- Bloomberg
NFL's 49ers to Sell Stakes at Record $8.5 Billion Valuation
The San Francisco 49ers reached a deal to sell stakes in the NFL team at a valuation of about $8.5 billion, setting the record for a sports franchise set in December. The club is offloading equity totaling about 6% to three private investors, according to two people familiar with the transaction. Billionaire Vinod Khosla is buying the largest stake with the families of Byron Deeter, a partner at Bessemer Venture Partners, and Will Griffith, founding partner at Iconiq Growth, also acquiring pieces.
Reuters
07-02-2025
- Business
- Reuters
Basketball PIF among partners backing new $5 billion basketball league spanning Asia and Europe
Feb 7 (Reuters) - A group of investors are looking to create a new basketball league that will span Asia and Europe to one day rival the NBA, bringing Saudi Arabia's sovereign wealth fund and Swiss bank UBS on board as strategic partners. The Financial Times reported that the $5 billion basketball competition plans to create six men's teams and six women's teams that will compete in eight host cities. Macau and Singapore are set to be hosts while organisers are also looking to rope in European cities. The league hopes to lure top players from around the world, especially Europe, and give them an alternative to the NBA. Byron Deeter and venture capital firm Quiet Capital are among the investors while the Financial Times said Maverick Carter, NBA great LeBron James's business partner and Skype co-founder Geoff Prentice are also on board. "When it comes to global basketball, the opportunity is massive," Deeter said in a statement to the media. "There's a huge untapped market – millions of fans outside of the U.S. who are eager for us to grow the sport at the elite level." Quiet Capital founder Lee Linden said they hope to deliver a global league to two billion fans. Saudi events company Sela -- owned by the country's sovereign wealth Public Investment Fund (PIF) -- Macau casino group Galaxy Entertainment and UBS will be strategic partners for the competition. "We're thrilled to be the global operating partner for this elite basketball circuit and it marks a major milestone in our global expansion. This partnership is set to elevate the game," Sela said in a statement. Neil Meyer, UBS's global co-head of media and telecom, said: "The thesis is simple: basketball is a global game and the world wants more of it. "We see this as a unique opportunity to leverage UBS's global connectivity and capabilities." Kevin Kelley, the Chief Operations Officer at Galaxy Entertainment Group said bringing "high-level basketball" to Macau would make the region a premier destination for tourism. "We're thrilled to be strategic partners with this group of leaders. They're creating a series of unmissable entertainment experiences for fans and we're all in," Kelley said. Reuters has contacted the NBA and Singapore's ministry of culture, community and sport for comment. Carter did not comment on the project. The Saudi PIF, which is chaired by Crown Prince Mohammed bin Salman, has its hands in several sports including golf, soccer and boxing. LIV Golf challenged the established order and created a split in the sport before they announced a shock merger with the PGA Tour. The Saudi Pro League also grew rapidly when they poached soccer talents from Europe's top leagues with massive transfer fees and wages that many clubs and players could not turn down.
