Earlier this week, Nvidia (NVDA) and Mercedes-Benz announced a joint venture to bring self-driving cars a step closer to mainstream adoption. Mercedes’ next generation of luxury vehicles, set for a 2024 launch, will come equipped with Nvidia’s DRIVE platform, giving the vehicle automated driving capabilities.Needham analyst Rajvindra Gill believes the new initiative will put a hitherto less lauded segment of Nvidia’s business on a par with its two main revenue drivers.“Along with Datacenter and Gaming, we view Automotive as a major long-term growth opportunity for NVDA, which we believe is the leader in the automotive SoC (system on a chip) space,” the 5-star analyst said.Nvidia’s automotive segment already brings in between 6-7% of Nvidia’s overall revenue, but the new partnership, according to the analyst is “a game changer for their automotive business.”“Unlike NVDA's prior engagements in the automotive space, its recent partnership with Mercedes is its first publicly announced full stack...
(Bloomberg) -- Occidental Petroleum Corp., the oil producer that earlier this year slashed its dividend to a penny per share, plans to issue roughly 113 million warrants to holders of its common shares.Investors will get an eighth of a warrant for every share held and each warrant will entitle them to purchase one share at $22, the Houston-based company said in a statement. The stock closed Friday at $17.69.The move won the support of one the company’s largest investor, Carl Icahn. “I am glad that at this juncture the entire board as well as management is committed to enhancing stockholder value, and I look forward to seeing the company’s continued progress in this area,” he said in a statement.Occidental cut its quarterly dividend in May to the lowest since at least the 1970s amid the pandemic-driven collapse in energy demand that has strained the oil explorer’s ability to manage its debt...
Jun.26 -- Jonathan Greenblatt, chief executive officer at the Anti-Defamation League, discusses the "Stop Hate for Profit" campaign focused on Facebook Inc. ads. He speaks on "Bloomberg Technology."...
In an effort to ensure commercial vehicles are operating safely on state highways, the Arizona Department of Transportation has expanded its use of technology that screens moving trucks for weight and identifying information. ...
Jules Trump, The Trump Group Co-Founder, joined The Final Round to discuss the state of the luxury real estate industry and how business has been since Florida's reopening. ...
Spencer Rascoff, Co-founder and Fmr. Zillow CEO and dot.LA Founder, joins Yahoo Finance to discuss the trajectory for real estate across the U.S. and technological advancements in the field....
