Articles
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1 month 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.
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1 month 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?
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1 month 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.
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2 months ago |
sherwood.news | Nathan Becker
Visitors look at WeRide's driverless minibus at a trade show in China in 2023. (CFOTO/Future Publishing via Getty Images)Investors are buying what Nvidia is buying. After jumping more than 80% on Friday, ADRs of WeRide pushed even higher on Tuesday, with investors continuing to hope that everything Nvidia touches turns to gold. The Chinese self-driving car company’s stock jumped 27% in afternoon trading.
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2 months ago |
sherwood.news | Nathan Becker
A Phillips 66 refinery in California (Rick Loomis/Getty Images)The activist investor and oil refiner struck a deal a year ago. Apparently it wasn’t enough. Phillips 66 might have thought it was out of the woods with Elliott Investment Management a year ago, when it bowed to pressure from the activist investor by agreeing to name one Elliott-approved director to its board and give Elliott input on naming a second. But the second director never got named, and Elliott reportedly isn’t happy about it.
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On the morning of Tesla deliveries, @ranimolla has an important story: The analyst estimates everybody will compare deliveries to are stale. Even some analysts who have publicly updated their forecasts aren’t reflected in the consensus. Check it out: https://t.co/4lhaWKiRLs
Refreshing to see my Twitter feed explode and it's all just love for Sidney Crosby instead of political stuff.
The markets are in a swoon this morning after the president announced tariffs. In case you’re wondering how this could ACTUALLY affect us, here’s a piece detailing every single thing we import from Mexico and Canada: https://t.co/RO25kEd7Pr
