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TipRanks
The Street Is Sleeping on Nvidia Stock, Says Top Analyst
Nvidia (NVDA) stock has been through the wringer this year and even the latest announcements made by the chip giant at its fall GTC gathering didn’t really help to move the needle on the shares. NVIDIA announced the launch of the next-generation GeForce RTX 40 Series GPUs powered by the Ada Lovelace architecture. In his keynote, CEO Jensen Huang called the new GPU a “quantum leap” which will give creators the ability to build fully simulated worlds. The H100 — touted as the most powerful AI-foc
Reuters
India expects at least $25 billion investment under semiconductor incentive scheme
NEW DELHI (Reuters) -India is expecting to court a total investment of at least $25 billion as a result of its incentive scheme meant to boost local manufacturing of chip and display panels, junior IT minister Rajeev Chandrasekhar told reporters on Wednesday. His comments came hours after the Indian government raised fiscal support for new semiconductor facilities to cover 50% of project costs, and said it will remove a ceiling for maximum permitted investment to enable incentives for display manufacturing. Prime Minister Narendra Modi’s government is seeking to attract more big-ticket investments under a $10 billion incentive plan for chip and display production, aiming to make India a key player in the global supply chain.
TheStreet.com
We Are in the Jaws of a Bear Market
On Wednesday, the Fed delivered the expected rate hike of 0.75%, but was more hawkish than the market had expected. The Fed’s growth and interest rates projections moved in the wrong direction, and there is now the likelihood that there will be an additional hike of 0.75% in November, followed by a 0.5% increase in December and two 0.25% hikes in early 2023. Powell used the word “pain” quite often in his remarks and forced the market to accept that the Fed will not be market friendly as it battles to take control of the inflation issue.
TipRanks
J.P. Morgan Storms Into the LiDAR Space; Here Are 2 Stocks That the Banking Giant Likes
With the objective of providing a high-resolution 3D view of their environment, LiDAR (light detection and ranging) sensors are set to be a mainstay in autonomous vehicles. While not all have been proponents of the technology – Elon Musk, for one, has stated in the past that he is not a fan – J.P. Morgan analyst Samik Chatterjee says the “debate around value-add of a LiDAR in a sensing suite has been long settled.” The decision to forgo the use of lidar more revolves around costs rather than per
Reuters
Exclusive-China sends regulators to Hong Kong to assist U.S. audit inspection -sources
Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese companies, four people familiar with the matter said, as part of a landmark deal between the two countries. A China-U.S. agreement last month allows U.S. regulators, for the first time, to inspect China-based accounting firms that audit New York-listed companies, a major step towards resolving an audit dispute that threatened to boot more than 200 Chinese companies from U.S. exchanges. About 10 officials from the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF) have arrived in Hong Kong and joined the audit inspection, which started on Monday, three of the people said.
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