Latest news with #GlobalTechnologyConference
Yahoo
2 days ago
- Business
- Yahoo
Why Peloton Interactive, Inc. (PTON) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where Peloton Interactive, Inc. (NASDAQ:PTON) stands against other Wednesday's best-performing stocks. Peloton Interactive saw its share price increase by 12.16 percent on Wednesday to close at $7.47 apiece as investors resorted to bargain-hunting following the company's announcement of strategic growth plans. During a fireside chat at the Bank of America's Global Technology Conference on the same day, Peloton Interactive Inc. (NASDAQ:PTON) President and CEO Peter Stern outlined the company's focus to sustain growth, emphasizing efficiency in marketing, member retention, and innovation. A group of people in a fitness class with connected fitness products in a studio or gym. According to Stern, Peloton Interactive, Inc. (NASDAQ:PTON) is planning to expand its retail presence and partnerships globally and is enhancing marketing efficiency to reduce subscriber acquisition costs. He also said that the company plans to pay off $200 million in February 2026, and just welcomed the appointment of Charlie Kyrill as its new chief operating officer and Dion Camp Sanders as its chief commercial officer. They will be tasked to enhance supply chain and manufacturing, as well as drive growth in international, retail, and commercial segments, respectively. 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
Skift
3 days ago
- Business
- Skift
Booking Holdings Hedges Google Disruption, Wants to 'Be Close' to AI Hyperscalers
Booking Holdings CFO Ewout Steenbergen wants the company to "be close" to all of the major large language model developers to hedge its bets on the evolution of travel search. "We think it's really important to be close to that world to understand what is happening, be their partner, doing joint product development," Steenbergen said at the Bank of America Global Technology Conference Wednesday. "Because ultimately, those might become more leads-generating platforms, replacing traditional search. A
Miami Herald
26-03-2025
- Business
- Miami Herald
AI CEO issues grave warning about the future of Nvidia
Despite some recent momentum over the past few days, Nvidia NVDA is still battling negative market conditions. Halfway through this week, the artificial intelligence (AI) leader is back to struggling and isn't showing signs of a rebound. Right now, Nvidia is facing new complications, as new environmental curbs from the Chinese government threaten its sales in a booming AI chip market. But even after the company unveiled multiple new innovations at Nvidia GTC (Global Technology Conference) 2025 last week, shares remain in the red for the month. Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get the first month FREE Granted, the market is highly volatile right now, as high economic uncertainty, spurred by recent tariffs, continues to fuel talk of a bear market. Wall Street optimism towards Nvidia remains generally high. However, one expert predicts that things are about to get worse. Even in a period of high volatility, it's typically hard to find too many experts who aren't optimistic about Nvidia's future. After all, the company has ridden the AI boom to unprecedented heights, helping usher in a new era for the tech sector. In addition to its broad share of the AI chip market, Nvidia is expanding into quantum computing at a time when the technology is making notable strides. IonQ (IONQ) chairman Peter Chapman recently stated that he believes Nvidia's quantum exposure is a reason not to bet against it, given the potential for a profitable intersection of quantum and AI. Related: Quantum computing leader has blunt 9-word take on Nvidia stock Another tech leader isn't so convinced, though. Tory Green is CEO of GPU (graphics processing unit)- power aggregator and he has some strong concerns about Nvidia's future, as he illustrates in an unflattering analogy. Green shared his contrarian take on Nvidia with TheStreet, noting that while Nvidia's "flashy" performance at last week's conference might have reassured some investors, the company is still facing much bigger challenges and is likely to become the (IBM) of this market cycle, a highly negative aspect in the tech world. At first glance, this analogy may be confusing, as IBM stock currently trades at a higher price than Nvidia. It's also outperformed it over the past six months, rising 13%, while Nvidia has fallen 7%. From Green's perspective, though, becoming the next IBM is something tech companies should strive to avoid. An early giant in the computing industry, IBM quickly rose to the top of its field but failed to keep pace with newer companies such as Apple AAPL and Microsoft MSFT, which quickly outmaneuvered it to monopolize the changing tech market. Now, Green sees Nvidia as in danger of falling into the same trap despite its reputation as the seemingly invincible AI leader. New AI bet from tech upstart could be a major blow to NvidiaAnthropic CEO issues frightening warning on Chinese AI rivalDisney, Nvidia join forces for a surprising collaboration "It's not a critique of IBM's performance, it's a warning of inertia," he says of his thesis. "In this analogy, this would mean that while NVIDIA today is dominant in centralized AI infrastructure, there's a risk that it becomes too tied to one model of distribution-data centers, hyperscalers, long-term contracts-while the world shifts to more distributed, permissionless infrastructure." There's no doubt that Nvidia is facing a complicated industry landscape, even as the AI market boom continues. Demand for AI chips is rising, but so is competition from other companies. The rise of Chinese AI startup DeepSeek's R1 model in January 2025 led to speculation that AI models didn't need to be trained on Nvidia's most recent, highly-priced GPUs. Related: Jensen Huang shocks the world with Nvidia Quantum Day surprise NVDA still hasn't fully recovered from the selloff that DeepSeek's release triggered and economic uncertainty has only increased since then. Green sees the high cost of Nvidia's chips working against it shortly, which may compromise its growth prospects. "As former Intel INTC CEO Pat Gelsinger highlights, we are also overusing high-end GPUs for tasks that do not need them," he notes. "Most AI inference workloads don't require H100s, for example – they can run on far cheaper and more available hardware. And this highlights a huge inefficiency in the current AI stack. It's massive overkill on AI hardware for lightweight jobs." As Green sees it, the future of AI will come down to cost-effective solutions that will enable more companies to scale their operations. "If we want scalable, affordable AI, we can't run it on these $30,000 GPUs. We have to find cheaper and more efficient alternatives," he summarizes. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
11-02-2025
- Business
- Yahoo
MYR Group Inc. to Attend Cantor Global Technology Conference in March
THORNTON, Colo., Feb. 11, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ('MYR Group') (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Cantor Global Technology Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the inaugural Global Technology Conference on Wednesday, March 12, 2025, in New York. This event is only available to Cantor clients. About MYR Group Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance and repair of commercial and industrial wiring generally for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies and developers. For more information, visit ContactsKelly M. Huntington, Chief Financial Officer, MYR Group Inc., (847) 290-1891, investorinfo@ David Gutierrez, Dresner Corporate Services, (312) 780-7204, dgutierrez@ in to access your portfolio
