Author: Daniel snow

Jim Cramer’s top 10 things to watch in the stock market Tuesday

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[ad_1] My top 10 things to watch Tuesday, May 20 1. Shares of Club name Home Depot are higher after earnings this morning. Monthly sales cadence was great, with March and April improving after a weak February. It also reaffirmed its full-year guidance and said it won’t raise prices due to tariffs. Shares of the home improvement retailer gained 2.4%. 2. Advanced Micro Devices sold off the server manufacturing business of recently acquired ZT Systems to Sanmina for $3 billion. I had hoped for a $5 billion sale, so I’m not that excited. AMD’s reason for buying ZT was its…

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AI startups have plenty of cash, while more unicorns are struggling

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[ad_1] Sam Altman, chief executive officer (CEO) of OpenAI and inventor of the AI software ChatGPT, joins the Technical University of Munich (TUM) for a panel discussion. Sven Hoppe | Picture Alliance | Getty ImagesVenture capital firms focused on artificial intelligence are driving much of the growth in the startup market, while companies in other areas are struggling to raise cash, according to a report from Silicon Valley Bank.About 40% of the total amount raised by U.S. venture funds last year was from funds that “list AI as a focus,” SVB said in its “State of enterprise software” report published on…

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D-Wave Quantum releases latest computing system

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[ad_1] Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesD-Wave Quantum’s latest quantum computing system has hit the market, the company said Tuesday. Shares popped more than 18%. The quantum computer, known as Advantage2, marks the sixth iteration from the company and its most advance system, D-Wave said.”It’s an engineering marvel, with substantial technical advancements that highlight D-Wave’s progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency,” said CEO Alan Baratz in a press release. Quantum computing companies promising to perform intricate computing tasks unachievable by regular computers have garnered…

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Levi to sell Dockers to Authentic Brands Group for $311 million

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[ad_1] The Levi’s brand logo on a store. Jens Kalaene | Picture Alliance | Getty ImagesLevi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, handling manufacturing, sourcing and distribution. Under the brand management business model, Levi’s stands to make up to $391 million in future years based on how well Dockers performs under the Authentic umbrella, which also includes Forever 21’s intellectual property and brands like Reebok and Nautica.”The Dockers transaction…

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Trump allows New York offshore wind project after apparent gas pipeline compromise with state

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[ad_1] File: The wind farm in the Baltic Sea 35 kilometres northeast of Rügen is a joint venture of the Essen-based energy group Eon and the Norwegian shareholder Equinor. Bernd Wüstneck | Picture Alliance | Getty ImagesNorwegian energy company Equinor will resume construction on its offshore wind farm in New York, after the Trump administration lifted its order to halt work on the project. Empire Wind 1 will be the first offshore wind project to deliver electricity directly to New York City. The Interior Department under the Biden administration approved the project last year after Equinor signed a lease issued…

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