Nvidia Envisions Delivering Any Form of Data Center Computing

/ / Technology /

Nvidia’s vision as a platform company makes its focus different from companies focusing on silicon or a specific chip for a certain workload, CFO Colette Kress says. The chip company finance chief, speaking at a Morgan Stanley conference, says a platform company is able to deliver any form of data center computing that may be needed in the future. “Our focus [is] to make sure at every data center level all of the different components we may be able to provide them, whether it would be the computing infrastructure, the networking infrastructure, the overall memory part of it, just overall full supercomputer we can put together,” Kress says. Shares rise 3.6% to $852.51, extending a run that has vaulted Nvidia into one of the most valuable companies.

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AMD Hires Thomas Zacharia to Expand Strategic AI Relationships

/ / Technology /

Former head of Oak Ridge National Laboratory to accelerate adoption of AMD technologies for sovereign AI deployments benefiting citizens around the world SANTA CLARA, Calif., March 04, 2024 (GLOBE NEWSWIRE) — Today AMD (NASDAQ: AMD) announced that Thomas Zacharia has joined AMD as senior vice president of strategic technology partnerships and public policy. Zacharia will lead the global expansion of AMD public/private relationships with governments, non-governmental organizations (NGOs) and other organizations to help fast-track the deployment of customized AMD-powered AI solutions to meet rapidly growing number of global projects and applications targeting the deployment of AI for the public good. “Thomas is a distinguished leader with decades of experience successfully creating public/private partnerships that have resulted in consistently deploying the world’s most powerful and advanced computing solutions, including the world’s fastest supercomputer Frontier,” said AMD Chair and CEO Lisa Su. “As the former Director of the U.S.’s largest multi-program science

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Netflix Sees Games Following Similar Path To TV, Film

/ / Consumer Discretionary /

Netflix sees its strategy for game licensing following a familiar playbook. CFO Spencer Neumann says at a Morgan Stanley conference that the company’s relatively new gaming business is just starting to add in-house content. Like with TV and film, Neumann says he expects the company to over time build a higher mix of non-licensed content. He says licensed games are likely going to play a major role in the company’s games business for a long time, “probably forever.” “The mix will change over time,” Neumann says. The company sees games driving further retention on the platform in the future.

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CFRA Retains Strong Buy Opinion On Shares Of Eli Lilly And Company

/ / Health Care /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price by $56 to $885, reflecting 57.0x our 2025 EPS, justified by LLY’s robust revenue and earnings growth outlook. We lift our 2024 EPS estimate by $0.10 to $12.50 and our 2025 view by $0.06 to $15.53. Leaving behind a year of robust performance in 2023 with top-line revenue growth of 28% Y/Y, we think LLY will continue to outperform peers. We see superior growth prospects for Eli Lilly in the next two years in an environment where competitors will see slower growth and more limited cushion against key drugs’ loss of exclusivities. We updated our model and now expect 2024 revenue growth of 21% Y/Y and another 14% Y/Y in 2025, while we expect record EPS growth of 98% Y/Y and 24%

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Target Corporation Reports Fourth Quarter and Full-Year 2023 Earnings

/ / Consumer Discretionary /

Target Corporation Reports Fourth Quarter and Full-Year 2023 Earnings PR Newswire MINNEAPOLIS, March 5, 2024 MINNEAPOLIS, March 5, 2024 /PRNewswire/ — Q4 2023 Highlights — Comparable sales and traffic trends improved sequentially for the second quarter in a row. — Same-day services (in-store pickup, Drive Up, and Shipt), which represent more than 10 percent of total sales, increased 13.6 percent in the quarter, led by growth in Drive Up. — GAAP and Adjusted EPS1 of $2.98 was 57.6 percent higher than last year, and well-above the high end of the expected range of $1.90 to $2.60. Full-Year 2023 Highlights — Full-year GAAP and Adjusted EPS of $8.94 were both nearly 50 percent higher than in 2022. — The Company’s operating income margin rate of 5.3 percent was nearly two percentage points higher than last year. Operating income dollars grew by nearly $2 billion compared with 2022, well-above expectations. — The

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Target Sales Fall for First Time Since 2016 — WSJ

/ / Consumer Discretionary /

By Sarah Nassauer Target’s annual revenue declined for the first time in seven years, as the retailer struggled to entice shoppers to splurge on discretionary items like home goods and electronics. The company has been battling the effects of weaker traffic to its stores and shoppers spending a bigger chunk of their budgets on food and other essentials. On Tuesday it said revenue in the year ended Feb. 3 was $107.41 billion, down 1.6% from the previous year. Target earns most of its sales from nonfood items, in contrast to competitors such as Walmart, the country’s largest grocer. While inflation is cooling, especially in some nonfood categories, it has been 30 years since food costs have accounted for such a high percentage of Americans’ spending, according to government figures. Target’s weakness comes as some competitors are growing at a faster clip, including Amazon, Walmart and Costco. Each of those companies

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Target’s Fiscal Q4 Adjusted Earnings, Sales Rise; Fiscal Q1, 2024 Guidance Issued

/ / Consumer Discretionary /

Target (TGT) reported fiscal Q4 adjusted earnings Tuesday of $2.98 per diluted share, up from $1.89 a year earlier. Analysts polled by Capital IQ expected $2.41 Sales for the quarter ended Feb. 3, were $31.47 billion, up from $30.98 billion a year earlier. Analysts surveyed by Capital IQ expected $31.85 billion. The retailer’s comparable sales fell 4.4% for fiscal Q4, compared with growth of 0.7% a year earlier. Analysts polled by Capital IQ expected a decline of 4.5%. For fiscal Q1, the company said it expects adjusted EPS of $1.70 to $2.10. Analysts surveyed by Capital IQ expect $2.10. Comparable sales for the fiscal quarter are expected to decline by 3% to 5%. Analysts polled by Capital IQ expect a fall of 3.5%. For fiscal 2024, Target said it expects adjusted EPS of $8.60 to $9.60. Analysts polled by Capital IQ expect $9.15. Comparable sales for the fiscal year are

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