Latest news with #JohnnyMathis
Yahoo
28-04-2025
- Business
- Yahoo
Analysts revise Nvidia price target on chip demand
An "indefinite future" refers to a time that is not clearly defined, determined, or specific. It's kind of like the old Johnny Mathis song "The Twelfth of Never" only without the music, but the idea is the same: Don't hold your breath. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 Nvidia () got that message earlier this month when the U.S. government told the AI-chipmaking colossus that it would need to obtain a license to export its H20 chips to China, including Hong Kong and Macao. As a result, Nvidia said it expects to take a $5.5 billion charge in its fiscal 2026 first quarter due to H20 chip inventory, purchase commitments, and associated reserves. "The USG informed the Company that the license requirement will be in effect for the indefinite future," Nvidia said in a regulatory filing. Nvidia shares are down 17.4% in 2025 as the Santa Clara, CA-based tech giant got whacked a series of unfortunate events, starting with the arrival of DeepSeek, the Chinese AI company the produces large language models (LLMs) that are a lot cheaper than its competitors. Then, President Donald Trump announced his global tariff agenda that pushed levies on Chinese goods to 145%. China raised its reciprocal tariffs to 125% for all goods originating from the United States in response to Trump's move. Trump later said the tariffs levied against China were going to be substantially decreased. Nvidia's stock took another drubbing after reports emerged that Chinese tech titan Huawei was ramping up production of its AI chips, potentially impacting Nvidia's market share in China. More Nvidia: Bank of America offers Nvidia stock forecast amid tariffs Amazon directly targets Nvidia with bold new strategy Analyst unveils startling Nvidia stock forecast amid tariffs Nvidia has been the dominant player in the Chinese AI chip market, but U.S. export restrictions have limited the company's ability to supply their most advanced chips. Huawei is looking to capitalize on the restrictions by offering a competitive AI chip to the Chinese market. Huawei plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, according to Reuters. The timing is fortuitous for Chinese AI companies which have been left scrambling for domestic alternatives to Nvidia H20. So, all in all, it's probably fair to say that, so far, 2025 hasn't been a banner year for Nvidia. But there's some good new on the horizon. China appears to have rolled back their retaliatory tariffs of 125% on some semiconductors made in the US, CNN reported on April 25. The exemptions, which have not been officially announced, apply to integrated circuits, also known as microchips or semiconductors. In addition to semiconductors, China has decided to grant exemptions on some aircraft parts, including engines and landing gear. While China has made strides in developing its own semiconductor industry, it is still highly dependent on imports of chips and chipmaking equipment from the U.S., Taiwan, South Korea, Japan and the Netherlands. Last year, China imported $11.7 billion worth of semiconductors from the Nvidia and Amazon () executives said that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans, according to CNBC. 'There's been really no significant change,' Kevin Miller, Amazon's vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. 'We continue to see very strong demand, and we're looking both in the next couple years as well as long term and seeing the numbers only going up.' Miller said 'there's been little tea leaf reading and extrapolating to strange results' about Amazon's plans. Nvidia, which reports quarterly results on May 28, is also not seeing signs of a slowdown, said Josh Parker, the chipmaker's senior director of corporate sustainability. He added that Nvidia sees compute and energy demand only rising due to AI, describing the reaction to DeepSeek as 'kneejerk.' Morgan Stanley analysts are worried about an AI slow down. The firm lowered its price target on Nvidia to $160 from $162 while keeping an overweight rating on the shares. As investor sentiment is worsening based on macro and supply chain risks, Morgan Stanley said, core demand for GPUs has shot higher in the last four weeks amid a shortage of inference chips across most of the relevant LLMs, in all geographies. Morgan said that the idea that "we are in a digestion phase for AI is laughable given the obvious need for more inference chips which is driving a wave of very strong demand." 'While Wall Street is wringing its hands over a laundry list of very real concerns, Silicon Valley focus has shifted to a very different challenge — growth in tokens generated of (by some accounts) more than 5X since the beginning of the year is very much straining the ecosystem and is driving a surge in investment to handle these workloads," the firm said. Near-term estimates are capped by export controls and still limited by Blackwell supply, referring to Nvidia's new line of processors, but that is ramping quickly, the firm said. Morgan Stanley said Nvidia remains a top in to access your portfolio
Miami Herald
28-04-2025
- Business
- Miami Herald
Analysts revise Nvidia price target on chip demand
An "indefinite future" refers to a time that is not clearly defined, determined, or specific. It's kind of like the old Johnny Mathis song "The Twelfth of Never" only without the music, but the idea is the same: Don't hold your breath. Don't miss the move: Subscribe to TheStreet's free daily newsletter Nvidia (NVDA) got that message earlier this month when the U.S. government told the AI-chipmaking colossus that it would need to obtain a license to export its H20 chips to China, including Hong Kong and Macao. As a result, Nvidia said it expects to take a $5.5 billion charge in its fiscal 2026 first quarter due to H20 chip inventory, purchase commitments, and associated reserves. "The USG informed the Company that the license requirement will be in effect for the indefinite future," Nvidia said in a regulatory filing. Nvidia shares are down 17.4% in 2025 as the Santa Clara, CA-based tech giant got whacked a series of unfortunate events, starting with the arrival of DeepSeek, the Chinese AI company the produces large language models (LLMs) that are a lot cheaper than its competitors. Then, President Donald Trump announced his global tariff agenda that pushed levies on Chinese goods to 145%. China raised its reciprocal tariffs to 125% for all goods originating from the United States in response to Trump's move. Trump later said the tariffs levied against China were going to be substantially decreased. Nvidia's stock took another drubbing after reports emerged that Chinese tech titan Huawei was ramping up production of its AI chips, potentially impacting Nvidia's market share in China. More Nvidia: Bank of America offers Nvidia stock forecast amid tariffsAmazon directly targets Nvidia with bold new strategyAnalyst unveils startling Nvidia stock forecast amid tariffs Nvidia has been the dominant player in the Chinese AI chip market, but U.S. export restrictions have limited the company's ability to supply their most advanced chips. Huawei is looking to capitalize on the restrictions by offering a competitive AI chip to the Chinese market. Huawei plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, according to Reuters. The timing is fortuitous for Chinese AI companies which have been left scrambling for domestic alternatives to Nvidia H20. So, all in all, it's probably fair to say that, so far, 2025 hasn't been a banner year for Nvidia. But there's some good new on the horizon. China appears to have rolled back their retaliatory tariffs of 125% on some semiconductors made in the US, CNN reported on April 25. The exemptions, which have not been officially announced, apply to integrated circuits, also known as microchips or semiconductors. In addition to semiconductors, China has decided to grant exemptions on some aircraft parts, including engines and landing gear. While China has made strides in developing its own semiconductor industry, it is still highly dependent on imports of chips and chipmaking equipment from the U.S., Taiwan, South Korea, Japan and the Netherlands. Last year, China imported $11.7 billion worth of semiconductors from the U.S. Related: Nvidia could see an unexpected benefit from the trade war Meanwhile, Nvidia and Amazon (AMZN) executives said that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans, according to CNBC. "There's been really no significant change," Kevin Miller, Amazon's vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. "We continue to see very strong demand, and we're looking both in the next couple years as well as long term and seeing the numbers only going up." Miller said "there's been little tea leaf reading and extrapolating to strange results" about Amazon's plans. Nvidia, which reports quarterly results on May 28, is also not seeing signs of a slowdown, said Josh Parker, the chipmaker's senior director of corporate sustainability. He added that Nvidia sees compute and energy demand only rising due to AI, describing the reaction to DeepSeek as "kneejerk." Morgan Stanley analysts are worried about an AI slow down. The firm lowered its price target on Nvidia to $160 from $162 while keeping an overweight rating on the shares. As investor sentiment is worsening based on macro and supply chain risks, Morgan Stanley said, core demand for GPUs has shot higher in the last four weeks amid a shortage of inference chips across most of the relevant LLMs, in all geographies. Morgan said that the idea that "we are in a digestion phase for AI is laughable given the obvious need for more inference chips which is driving a wave of very strong demand." "While Wall Street is wringing its hands over a laundry list of very real concerns, Silicon Valley focus has shifted to a very different challenge - growth in tokens generated of (by some accounts) more than 5X since the beginning of the year is very much straining the ecosystem and is driving a surge in investment to handle these workloads," the firm said. Near-term estimates are capped by export controls and still limited by Blackwell supply, referring to Nvidia's new line of processors, but that is ramping quickly, the firm said. Morgan Stanley said Nvidia remains a top pick. Related: Veteran fund manager who forecast S&P 500 crash unveils surprising update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Los Angeles Times
08-04-2025
- Entertainment
- Los Angeles Times
For the Record - April 8, 2025
Mark Hoppus: In the April 7 Entertainment section, an article on Blink-182's Mark Hoppus stated that he was born in Oakland's Ridgemont neighborhood. He was born in Ridgecrest in Kern County. Johnny Mathis: An article in the March 28 Entertainment section referred to Johnny Mathis as a six-time Grammy Award winner. Mathis has only one Grammy, for lifetime achievement. He was nominated five times but did not win. If you believe that we have made an error, or you have questions about The Times' journalistic standards and practices, you may contact the readers' representative by email at by phone at (877) 554-4000 or by mail at 2300 E. Imperial Highway, El Segundo, CA 90245. The readers' representative office is online at
New York Times
29-03-2025
- Entertainment
- New York Times
Johnny Mathis Is Retiring From Touring After Almost 70 Years of Crooning
Johnny Mathis, a pop music singer and one of the best-selling recording artists of the 20th century, said this week that he would perform only four more live concerts before retiring from touring after nearly 70 years. Known for his 'velvet voice' on romantic ballads like 'It's Not for Me to Say' and 'Wonderful! Wonderful!' Mr. Mathis has been singing standards and soft rock since his teenage years, but he started touring professionally after his debut album was released in 1956. Mr. Mathis, 89, will pick up the microphone for shows in April and May, but his concerts scheduled for the summer and fall have been canceled. 'It's with sincere regret that due to Mr. Mathis's age and memory issues which have accelerated, we are announcing his retirement from touring and live concerts,' a statement posted on his website said. Mr. Mathis's final concert is scheduled for May 18 at the Bergen Performing Arts Center in Englewood, N.J. The other concerts are April 10 in Shippensburg, Pa.; April 26 in Shipshewana, Ind.; and May 10 in Santa Rosa, Calif. Some tickets remain available for his final concerts, his website noted, and refunds will be issued for the ones that were canceled. Mr. Mathis grew up in San Francisco, where in 1955 he got a job singing on the weekends at a club. Its owner eventually persuaded George Avakian, a record producer and talent scout with Columbia Records, to see him. After he listened to Mr. Mathis sing, Mr. Avakian sent a telegram to Columbia that read, 'Have found phenomenal 19 year old boy who could go all the way. Send blank contracts.' Mr. Mathis is widely recognized as a pioneer of the romantic ballad style that emerged in the 1950s as a pop-music alternative to high-energy rock 'n' roll. Mr. Mathis would go on to make more top-selling albums than any other modern pop performer except Frank Sinatra, by the end of the 1970s. Forty years ago this month, the critic Stephen Holden wrote in The New York Times that 'Johnny Mathis is still the most compelling exponent of a time-honored crooning tradition carried forward in recent years by the Bee Gees, George Benson, Al Jarreau and Julio Iglesias.' Mr. Holden noted in his review of a concert at Radio City Music Hall in New York that while Mr. Mathis's 'ethereal, androgynous tenor, with its built-in sob and breathy hesitations, has darkened perceptibly, it communicates the same aura of adolescent longing that it did in 1957.' In 2003, Mr. Mathis received the Grammys' lifetime achievement award. At his peak, he was booking some 200 concert dates a year. 'The road is my home,' he once said. 'I carry my best friends with me. We work together, play together. I have no other life.' But midway through his career, Mr. Mathis admitted that he was uncomfortable onstage. 'I hate it,' he said. 'But it's something I'll have to do all my life. I don't know how to do anything else. 'There are moments when the emotion comes out and I get absolutely carried away, and I know that this is right, this is wonderful.'
Fox News
29-03-2025
- Entertainment
- Fox News
Fox News Entertainment Newsletter: Johnny Mathis retires from touring, Bobby Sherman diagnosed with cancer
Welcome to the Fox News Entertainment Newsletter. TOP 3: -Johnny Mathis, 89, retires from touring due to 'accelerated' memory issues after seven-decade career -'60s teen idol Bobby Sherman diagnosed with stage 4 cancer -'American Pie' star Tara Reid pushes for a sequel as she hits indie film red carpet FINAL FRONTIER - William Shatner shares extreme warnings ahead of Katy Perry, Gayle King's space flight. LOVE ON THE LINE - 'Pawn Stars' boss Rick Harrison didn't have prenups for his first 3 wives, unsure if he'd get for his fourth marriage. ROYAL RECOVERY - King Charles seen in public the day after a hospital stay for side effects from cancer treatment. THREE'S COMPANY - Suzanne Somers' widower used AI to create her 'twin.' A-LIST ONLY -Jeff Bezos and Lauren Sanchez's star-studded wedding guest list is the Who's Who of Hollywood. SAJAK'S BACK - Former 'Wheel of Fortune' host Pat Sajak to return to the game show for 'Final Spin.' 'A MOMENT LIKE THIS' - 'American Idol' winner Kelly Clarkson didn't know the show was televised when she signed up. LIKE WHAT YOU'RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWS FOLLOW FOX NEWS ON SOCIAL MEDIA
