Advertisement Nvidia has asked suppliers to change server racks for Blackwell due to overheating, per The Information.It sparks concerns that Nvidia may delay deliveries, which are expected to start next month.Blackwell chips are key for AI development, promising improved speed over Nvidia predecessors. Nvidia has asked its suppliers to rethink the design of server racks that hold its new Blackwell chips in recent months because of an overheating issue, The Information reported.According to the report, the ...

Core Viewpoint - Disney's decision to provide earnings guidance through 2027 reflects confidence in its future performance and is part of CEO Bob Iger's strategy to solidify his legacy [1][3][10] Financial Performance - Disney reported a 23% increase in operating income and a 6% rise in revenue in its latest quarterly earnings [2] - The entertainment segment saw a more than four-fold increase in earnings, while the streaming division, including ESPN+, generated a profit of $321 million [2][8] Earnings Guidance - Disney announced expectations of high-single-digit earnings growth in 2025, followed by double-digit improvements in the subsequent two years [3][11] - This level of detailed guidance is unprecedented for Disney and indicates a shift towards greater transparency [4][5] Strategic Implications - Iger's move to share long-term guidance is seen as a way to demonstrate the progress made during his tenure and to prepare for a smooth succession [6][10] - The guidance aims to alleviate uncertainty surrounding the company's future and to reassure investors of its stability [11][12] Historical Context - Comparisons to the company's performance two years ago highlight the turnaround since Iger's return, particularly in the streaming sector, which improved from a $1.5 billion loss to a profit of $321 million [7][8] - The previous CEO, Bob Chapek, faced significant challenges, and Iger's current strategy is partly a response to those past difficulties [9][10]

Core Insights - Walmart is less exposed to potential tariff impacts due to its grocery-heavy business model, which sources nearly 60% of its revenue domestically, while Target relies more on imported merchandise, making it more vulnerable to rising import costs [1][2][3][4]. Company Comparisons - Walmart's grocery sales account for about 60% of its revenue, while Target's food and beverage sales are less than 25% [3][4]. - Target's apparel segment is more sensitive to seasonality, complicating its ability to adjust orders ahead of potential tariffs [5][6]. - Walmart has a competitive advantage over Target due to its larger scale and more advanced supply chain, allowing for better demand prediction and quicker reactions to market changes [7][8]. Market Trends - In 2023, as consumers prioritized essential spending, Walmart's sales remained stable while Target faced challenges, prompting Target to adopt price cuts similar to Walmart's strategy [9]. - Target's share of grocery sales has increased by 1-2 percentage points annually over the past three years, indicating a shift towards grocery offerings [9][10]. Historical Context - Previous discussions on tariffs by both companies highlighted differing impacts, with Target estimating an additional cost of $50 million to $60 million per quarter due to tariffs in 2019 [12][13].

Elon Musk has added Microsoft as a defendant to an amended lawsuit against OpenAI.The suit, which also adds Reid Hoffman as defendant, accuses Microsoft and OpenAI of forming a monopoly.Musk claims OpenAI is trying to "starve" rivals of AI talent by offering staff "lavish compensation." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favor ...

Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Johnston said in a call it's "generally beneficial" for Disney when other attractions open in Central Florida. Both Walt Disney World and Universal Orlando Resort are adding new attractions. Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your f ...

Michael Burry bolstered his bets on three Chinese tech companies last quarter.The "Big Short" investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers.Burry didn't add any new names to his stock portfolio but exited a couple in the period. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a perso ...

Core Insights - Apple is exploring new headsets and smart home devices to diversify its product lineup beyond the iPhone, which is crucial for future profits [1][3][4] - The company has faced challenges with past product launches, including scrapped plans for an Apple Car and mixed reviews for the Vision Pro headset [4][6] - Analysts suggest that Apple's future products may not be immediate cash cows, but the company is focusing on smaller wins that can generate revenue comparable to iPads and wearables [4][6] Product Development - Apple is reportedly working on a wall-mounted smart home tablet, code-named J490, expected to launch as early as March, which will integrate with home appliances and Apple apps [5] - Another futuristic device in development is a tabletop robot with an iPad-like display and a robotic arm, although analysts express skepticism about its profitability [6] - In the wearables category, Apple is exploring AR glasses, potentially inspired by Meta's prototype, indicating a long-term vision for smart eyewear [7] Leadership and Future Direction - CEO Tim Cook's leadership is pivotal as the company navigates into a new era with its upcoming product launches, which could define his legacy [7]

Last week, Warner Bros Discovery said it was excited about doing deals during Trump's second term.Disney's Bob Iger is taking a different tack: He says the company has bought everything it needs.Regardless of what Iger actually wants to do, he's probably better off not talking about it right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access ...

On Thursday, the European Commission fined Meta almost 798 million euros (about $840 million).It said Meta linked Facebook Marketplace to its social network and imposed unfair conditions on rivals.Meta said it will appeal, saying people use Marketplace "because they want to, not because they have to." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Ac ...

Portfolio Adjustments - Renaissance Technologies reduced its Tesla stake by 86%, from 2.1 million shares to 284,000 shares, decreasing the position's value from $406 million to $74 million [3] - The fund halved its Nvidia stake to approximately 3.5 million shares, reducing the position's value from $867 million to $428 million [4] - RenTech increased its GameStop position by over 40% to 1.9 million shares, worth $44 million at the quarter's close [7] Stock Performance - Tesla stock gained 26% during the period, despite RenTech's significant reduction in its stake [3] - Nvidia shares rose 20% during the quarter, even as the fund cut its position in half [4] - Tesla and Nvidia have been among the world's hottest stocks this year, with gains of 33% and 195% respectively [4] Portfolio Composition - RenTech's overall stock portfolio increased in value by 13% to $66.5 billion last quarter [6] - The fund's largest positions included a $1.4 billion stake in Palantir and a $975 million position in Novo Nordisk [6] - Tesla dropped from RenTech's 10th-largest holding to outside the top 200, while Nvidia fell from third to tenth [3][4] Investment Strategy - RenTech relies on algorithms to determine many of its trades, often resulting in significant changes to its stock portfolio each quarter [5] - Quarterly portfolio updates provide only a snapshot of the firm's holdings on a particular date and do not include short sales, private investments, or overseas wagers [7] - The updates may not fully reflect the investing strategy behind the picks, especially when algorithms drive the trades [8]