Nathan Becker

2 weeks ago | sherwood.news | Nathan Becker

With Elon Musk playing a big role in the government and Tesla’s stock dropping, the company’s board started thinking about who might be Tesla’s next CEO, according to a report out of The Wall Street Journal late Wednesday night. The report, citing anonymous sources, said Tesla board members reached out to “several executive search firms to work on a formal process for finding Tesla’s next chief executive” about a month ago.

2 weeks ago | sherwood.news | Nathan Becker

Shares of Qualcomm slid after hours on Wednesday as the company beat on the top and bottom lines, but investors were looking for more. The chip giant’s stock, which is down about 10% over the past year, slipped 5.4% in extended trading. There were no screaming warnings in the earnings report, though if you squint at the company’s revenue forecast, it might look a little light. For its fiscal second quarter, Qualcomm’s revenue came in at $10.98 billion and adjusted EPS was $2.85.

2 months ago | sherwood.news | Nathan Becker

People wait at the Delta counter at JFK International Airport in New York (David Dee Delgado/Getty Images)Delta’s decision to slash its forecast may indicate a deeper problem: it’s not just the consumers who are white-knuckling their wallets. It’s the companies. If you squint at the SEC filing Delta Air Lines put out yesterday afternoon, you’ll find a reason for the slash-and-burn job it did on the quarterly profit forecast that it gave three short months ago.

2 months ago | sherwood.news | Nathan Becker

Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference in March 2024 (Justin Sullivan/Getty Images)A huge chunk of revenue is tied to three mystery companies that are likely all similar, all spending money like they never have before, and are all trying to achieve the same perhaps unachievable outcome of super-profitable AI. What could go wrong?

2 months ago | sherwood.news | Nathan Becker

More than 34% of the company’s annual revenue came from cryptic “Customers A, B, and C.”Buried in the bowels of Nvidia’s annual report from this afternoon is an interesting factoid: more than one-third of its whopping $130.5 billion of revenue in the latest year came from just three customers. For the year that ended in January, Nvidia said “Customers, A, B, and C” — so secretive! — accounted for 12%, 11%, and 11%, respectively, of all the company’s revenue.