Latest news with #GTC
Yahoo
2 days ago
- Business
- Yahoo
Nvidia (NVDA) Continues to Fire on All Cylinders
Nvidia Corp. (NASDAQ:NVDA) is one of the 10 best growth stocks to buy according to billionaires. Today, Nvidia's dominance in powering data centers and AI infrastructure is virtually uncontested. The demand for its GPUs not only boosted the growth of AI-driven applications but also led to tremendous growth for the company. In fiscal year 2021, the Gaming segment accounted for approximately 50% of total revenue. Over the next four years, the Data Center business surpassed it, accounting for around 89% of total revenue, while Gaming's contribution declined to around 9% by 2025. At its recently concluded GTC conference in Paris, the company highlighted its collaboration with European telecommunications companies, cloud service providers, and supercomputing centres in building AI infrastructure in the region. This accelerated investment by the EU is also expected to include building 20 AI Factories, among which 5 are Gigafactories. Therefore, Nvidia is expected to continue running at full speed. While the stock seems to be taking a breather in 2025 after the 170% surge in 2024, the majority of the street remains bullish, with the consensus 1-year median price target still indicating over 20% upside. Among the bullish voices is Oppenheimer analyst Rick Schafer, who on June 15, reiterated a Buy rating on Nvidia with an unchanged price target of $175. Before that, on June 12, DBS analyst Fang Boon Foo reiterated a Buy rating on Nvidia Corp. (NASDAQ:NVDA) but revised the price target to $160 from $175. The analyst highlighted that Nvidia's recent partnership with Mistral AI, a French company, and its expansion plans in Europe support Nvidia's solid market position. Although he lowered the price target, the analyst still sees strong growth potential for Nvidia, and cited healthy demand, solid margins, and a strong capital spending cycle across major tech firms as key drivers for the stock's long-term performance. Nvidia Corp. (NASDAQ:NVDA) is a leading innovator in the design and production of graphics processing units (GPUs), system-on-a-chip (SoC) solutions, and AI-driven hardware and software. The company's GPUs are used in gaming, high-performance computing, AI training, and inference and serve as the backbone of data center infrastructure worldwide. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
BofA Raises Zscaler's (ZS) PT to $340 Amid Rising Platform Adoption
Zscaler Inc. (NASDAQ:ZS) is one of the 10 best growth stocks to buy according to billionaires. On June 9, Bank of America analyst Tal Liani raised his price target on Zscaler to $340 from $285, while maintaining a Buy rating, following the company's CEO, Jay Chaudhry's, presentation at the Bank of America's 2025 Global Technology Conference (GTC). The analyst highlighted sustained customer demand and increasing platform adoption as key factors contributing to the higher valuation. A computer engineer analyzing a server network for cyber security threats. On June 5, management highlighted several positive trends during the GTC event. In the last quarter, over 70% of new annual contract value (ACV) came from upselling to existing clients, while new logo ACV grew 40% year-over-year. Zscaler Inc. (NASDAQ:ZS) is expanding its reach beyond core secure web gateway services, with strong traction in data security and Agentic operations now representing nearly $1 billion in annual recurring revenue (ARR). Notably, data security alone accounted for $350 million in ARR last quarter. Its recent acquisition of Airgap Networks highlights a deeper investment in cybersecurity advancements. While competition and pricing pressure remain, Zscaler's product differentiation and focus on efficiency appear to be supporting its growth outlook. In Liani's view, rising demand for Zero Trust solutions justifies a higher multiple, primarily as Zscaler executes well on both innovation and customer expansion. Zscaler Inc. (NASDAQ:ZS) is a provider of cloud-based cybersecurity solutions. Its Zero Trust architecture ensures secure connections between users, devices, and applications, regardless of location. While we acknowledge the potential of ZS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Nvidia (NVDA) Continues to Fire on All Cylinders
Nvidia Corp. (NASDAQ:NVDA) is one of the 10 best growth stocks to buy according to billionaires. Today, Nvidia's dominance in powering data centers and AI infrastructure is virtually uncontested. The demand for its GPUs not only boosted the growth of AI-driven applications but also led to tremendous growth for the company. In fiscal year 2021, the Gaming segment accounted for approximately 50% of total revenue. Over the next four years, the Data Center business surpassed it, accounting for around 89% of total revenue, while Gaming's contribution declined to around 9% by 2025. At its recently concluded GTC conference in Paris, the company highlighted its collaboration with European telecommunications companies, cloud service providers, and supercomputing centres in building AI infrastructure in the region. This accelerated investment by the EU is also expected to include building 20 AI Factories, among which 5 are Gigafactories. Therefore, Nvidia is expected to continue running at full speed. While the stock seems to be taking a breather in 2025 after the 170% surge in 2024, the majority of the street remains bullish, with the consensus 1-year median price target still indicating over 20% upside. Among the bullish voices is Oppenheimer analyst Rick Schafer, who on June 15, reiterated a Buy rating on Nvidia with an unchanged price target of $175. Before that, on June 12, DBS analyst Fang Boon Foo reiterated a Buy rating on Nvidia Corp. (NASDAQ:NVDA) but revised the price target to $160 from $175. The analyst highlighted that Nvidia's recent partnership with Mistral AI, a French company, and its expansion plans in Europe support Nvidia's solid market position. Although he lowered the price target, the analyst still sees strong growth potential for Nvidia, and cited healthy demand, solid margins, and a strong capital spending cycle across major tech firms as key drivers for the stock's long-term performance. Nvidia Corp. (NASDAQ:NVDA) is a leading innovator in the design and production of graphics processing units (GPUs), system-on-a-chip (SoC) solutions, and AI-driven hardware and software. The company's GPUs are used in gaming, high-performance computing, AI training, and inference and serve as the backbone of data center infrastructure worldwide. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Indian Express
4 days ago
- Business
- New Indian Express
Oil, Basmati rice and even the internet: The Israel-Iran war can hit India hard
The Israel-Iran conflict is rattling the world—and for the right reasons. The visual of the Iranian TV station being hit when its most famous woman anchor, a mother of two children, was on air was but the latest in a series of chilling images emerging from the war zone. For India, the conflict presents a complex diplomatic tightrope: it must safeguard vital energy interests, uphold regional connectivity plans, and balance its security partnerships—all while maintaining a neutral and pragmatic international posture. Oil and Basmati rice headaches The growing confrontation between Israel and Iran especially carries serious economic consequences for India, particularly in terms of energy security and trade costs. India depends on the Persian Gulf for over 80% of its crude oil imports, with significant volumes passing through the Strait of Hormuz—a narrow maritime passage bordered by Iran. Any military escalation or blockade in this zone could disrupt the flow of oil, pushing global prices up and directly affecting India's import bill. In fact, during the 2019 tanker crisis in the Gulf, insurance premiums for ships surged by up to 20%, and oil prices temporarily spiked by 4-5%, forcing countries like India to consider costly re-routing and stockpiling strategies. The uncertainty also complicates India's trade links with both nations. Bilateral trade with Israel stood at $10.1 billion in FY 2023, with defence, technology, and agriculture forming core sectors. On the other hand, trade with Iran has declined due to US sanctions but still remains important for strategic items like dry fruits, fertilisers, and urea. With further instability, access to these imports could shrink or become more expensive. Moreover, the International North-South Transport Corridor (INSTC), which connects India to Russia and Central Asia via Iran, faces delays due to fears around security and sanctions, undermining India's plan to reduce reliance on China-backed trade routes. The growing conflict between Iran and Israel is also affecting India's Basmati rice trade, especially for exporters in Punjab and Haryana. Iran is one of the biggest buyers of Indian Basmati, having purchased over 8.55 lakh metric tonnes in 2024–25, worth nearly ₹6,374 crore. In strong trade years, Iran has made up 30 to 35% of all Basmati exports from India. Recent tensions and older problems with delayed payments have made things difficult. Many private Iranian importers now take six to eight months to make payments, creating financial pressure for Indian traders. Even Iran's government-backed agency, the Government Trading Corporation (GTC), has taken up to 180 days to release payments. Because of this, some Indian exporters have started sending their rice to other countries, even if it means earning lower profits, just to keep their business running. Highly sensitive stock markets India's financial markets are not immune either. Increased volatility in West Asia often triggers a risk-off sentiment among investors. For instance, when Iran retaliated after the killing of General Qassem Soleimani in 2020, the Sensex dropped by over 700 points in a single day, and the rupee weakened due to rising crude prices. A prolonged conflict could pressure the Reserve Bank of India to intervene in the forex market and reconsider its inflation projections. For a country trying to maintain stable growth and rein in fiscal deficits post-COVID, such external shocks can be deeply destabilising. The recent rise in conflict between Israel and Iran has shaken global financial markets, and India has not been spared. On June 13, the BSE Sensex dropped by around 1,300 points, while the Nifty 50 fell below the 24,500 marks, following news of Israeli strikes on Iranian nuclear sites. The sharp fall mirrored global market reactions, especially in Asia. Stocks in India's oil and gas sector, including BPCL, HPCL, and Indian Oil, saw losses of nearly 3.5%, as Brent crude oil prices jumped almost 9%, driven by fears of supply disruption in the Middle East. Earlier in the week, the Sensex had already fallen by over 800 points, with major losses seen in companies like L&T, Infosys, and ICICI Bank, as investors reacted to concerns about rising tensions and costlier crude imports. Although markets have started to recover, the episode highlights how India's stock market and inflation outlook remain highly sensitive to geopolitical instability in West Asia Strategic Crossroads: Chabahar Port Caught in the Crossfire India's strategic interests in Iran, especially through its long-term investment in the Chabahar Port, now face increasing uncertainty due to the deepening hostilities between Israel and Iran. Chabahar, located on the Gulf of Oman, is India's gateway to Afghanistan and Central Asia, bypassing Pakistan. It is central to India's larger connectivity vision, including the International North-South Transport Corridor (INSTC). With Israel's growing intelligence operations across the region and Iran's heightened readiness for retaliation, the port lies in a zone increasingly vulnerable to military escalations or covert sabotage. In recent months, reports of drone strikes, cyber intrusions, and naval confrontations in adjacent waters have raised alarms over the security of regional infrastructure. India, having committed over $85 million in port development and operating a terminal through India Ports Global Limited (IPGL), is directly exposed to these uncertainties. Moreover, any deterioration in Iran's regional position due to military confrontation with Israel could invite harsher Western sanctions or even affect shipping insurance, stalling the commercial viability of Chabahar. In fact, while the port was exempted from US sanctions due to its developmental role in Afghanistan, future escalations may put that exemption at risk. The Iran–Israel rivalry also limits India's diplomatic manoeuvrability, especially as India deepens its security and defence ties with Israel. Balancing this relationship while safeguarding its interests in Iran requires deft diplomacy. As New Delhi pursues its Act West policy and aspires to emerge as a transcontinental trade facilitator, sustained instability in Iran—driven by external hostilities—could derail key infrastructure goals that have been years in the making. Digital lifelines at risk too As tensions between Israel and Iran escalate, the spotlight has largely remained on military strikes, nuclear rhetoric, and oil supply chains. However, one of the most understated but critical concerns emerging from this conflict is the potential disruption of undersea cable infrastructure. Submarine cables carry nearly 95% of global internet and data traffic, and several high-capacity routes—including the Europe India Gateway (EIG), FLAG(Fiber-Optic Link Around the Globe), and SEA-ME-WE 5(South East Asia–Middle East–Western Europe 5)—run through maritime corridors near Israel, Iran, and conflict-prone zones like the Red Sea, Gulf of Oman, and the Strait of Hormuz. These routes are vital to Europe-Asia connectivity and directly affect countries like India. Recent naval manoeuvres by Israel near Haifa and increased Iranian presence near the Strait of Hormuz heighten the risks of deliberate or accidental damage to these cables. The danger is compounded by the cyber capabilities of both countries, with the possibility of hybrid attacks on cable landing stations no longer being hypothetical. For example, in 2024, three major cables—AAE-1, EIG, and Seacom—were disrupted in the Red Sea during regional conflict escalation, leading to latency issues across Africa, the Gulf, and South Asia. These incidents, likely linked to regional hostility involving Houthi actors aligned with Iran, forced ISPs(Internet Service Provider) in India and elsewhere to reroute traffic via longer, costlier routes. With cable damage costing millions in economic loss per hour and affecting critical sectors such as banking and defence, the threat to this invisible infrastructure is no longer negligible. India stands particularly vulnerable in this scenario. Its booming digital economy, which contributes over $245 billion to the national GDP, relies heavily on these cables, especially those that land in Mumbai, Chennai, and Kochi. Over 90% of India's global data flow transits through the Middle East, meaning that any disruption near Israel or Iran could cascade into serious domestic slowdowns. The 2021 OECD (Organisation for Economic Co-operation and Development) report noted that a single cable break can reduce bandwidth by up to 70% in affected corridors, a staggering figure in the context of India's dependence on IT exports and cloud services. To mitigate such risks, India must not only diversify its undersea cable routes but also push for regional diplomatic frameworks—such as through BIMSTEC or the Indian Ocean Rim Association—to include protection of digital infrastructure. Collaborations with tech giants like Google (which is developing the Blue-Raman cable) and Reliance Jio should be leveraged to create routes that bypass the Red Sea entirely. Simultaneously, India's naval command and surveillance networks like the Information Management and Analysis Centre (IMAC) should monitor submarine cable zones for early warnings of sabotage. As the Israel–Iran conflict transforms into a more complex, hybrid theatre of war, undersea cables—though invisible—are likely to become a key battleground, and India cannot afford to ignore their strategic importance. No longer a distant regional issue In short, the Israel–Iran conflict isn't a distant regional issue—it has significant implications for India's economy, connectivity, trade, and strategic autonomy. From rising crude prices and delayed Basmati rice payments to risks facing the Chabahar Port and undersea data cables, the crisis is touching multiple facets of India's national interest. As global volatility deepens, New Delhi must respond with foresight and balance—strengthening its resilience in energy and digital infrastructure, protecting its trade corridors, and engaging all sides diplomatically without compromising on long-term goals. In an increasingly interconnected world, India's ability to navigate such external shocks will define not just its foreign policy success, but also its economic stability and strategic relevance. (Dr Anil Kumar P is Associate Professor, Department of International Relations, Central University of Kerala, Capital Centre.)
Ya Biladi
6 days ago
- Business
- Ya Biladi
South Korea's Naver to build major AI data center in Morocco as gateway to Europe
South Korea's tech giant Naver is expanding its global cloud footprint with a major AI infrastructure project in Morocco, aiming to offer a sovereign alternative to U.S. tech giants in Europe, the Middle East, and Africa, local media reported. On Friday, Naver announced a consortium with Nvidia and AI infrastructure firm Nexus Core Systems to build a next-generation AI data center in Morocco, with a total planned capacity of 500 megawatts. The project takes advantage of Morocco's low electricity costs and extensive undersea cable connections to deliver efficient AI services to Europe. Phase one, a 40-megawatt facility equipped with Nvidia's GB200, will begin construction in the fourth quarter of 2025 and be completed within the year. Naver Cloud will oversee platform operations, with all storage, processing, and operations conducted in Morocco under a sovereign AI framework. «Providing sovereign AI computing services across Europe, the Middle East and Africa is our goal», said a Naver representative. The company sees Morocco as a strategic entry point into Europe, where demand for sovereign cloud infrastructure is growing amid regulatory constraints on U.S. providers. The initiative responds to Europe's data sovereignty concerns under the GDPR, which restricts foreign access to locally stored data, something U.S. firms like AWS, Google, and Microsoft cannot fully guarantee due to the U.S. Cloud Act. The project was unveiled at GTC Paris, where Naver executives met with Moroccan energy partner TAQA and representatives from Lloyd Group.
