Digital Asset DirectQYOU Media
Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.quoumedia.com
August 25, 2023 07:30 AM Eastern Daylight Time
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News ReleaseNational Legal & Policy Center
Ahead of the company’s annual meeting next month, National Legal and Policy Center is asking its fellow investors to vote against the re-elections of Mark Parker, the executive chairman, and Tim Cook, the lead independent director, as members of the board at Nike, Inc. The nonprofit shareholder, in a filing with the Securities and Exchange Commission, argues that both Parker and Cook have never been held accountable for human rights and sexual harassment scandals on their watches, and are also overcommitted with major responsibilities as top executives at other corporations. Parker is also executive chairman for The Walt Disney Company, and Cook is chief executive officer for Apple Inc. “Mark Parker is now double-dipping on ‘woke’ as the top dog at two Left Coast-based, extremist companies – Nike and Disney,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “And Tim Cook was caught with his pants down in China late last year during its Zero COVID phase, costing Apple millions of dollars in sales due to production shutdowns. Both Mr. Parker and Mr. Cook should not have such significant roles at Nike when they have major responsibilities elsewhere.” As executive chairman of both Nike and Disney, Parker is tasked with leading both boards of directors to set the companies’ priorities and goals, while holding executive staff accountable. As Nike’s lead independent director, Cook is responsible to guide the board in Parker’s absence, to serve as his top outside advisor, and to act as an intermediary between the chairman, the board, and management. Parker’s track record of late is anything but stellar – both Nike and Disney have underperformed the S&P 500 index in recent years. Disney is embroiled in several controversies, conflicts and business challenges, including: a failed CEO succession; media, streaming and entertainment industry headwinds; foolish forays into divisive political issues; off-putting, anti-family social stances; and a host of other problems that Parker is expected to help resolve. Meanwhile Nike has been challenged about its alleged use of forced labor in China, and widespread sexual harassment allegations which led to the departure of several executives – all on Parker’s watch when he was CEO. Cook leads the largest corporation in the world, Apple, which has an estimated $3 trillion-plus market capitalization. The tech giant has had its own accusations regarding coerced labor in its China-dependent supply chain, as well as sexual harassment allegations. Does he really have time to keep an eye on the performance and decision-making at the global athleticwear leader? “Mr. Parker and Mr. Cook bear material responsibility for Nike’s lagging stock price,” said Luke Perlot, associate director of NLPC’s Corporate Integrity Project. “Nike shareholders should expect underperformance when management alienates a large portion of its customer base with ‘woke’ policies, allows a culture of sexual harassment, and lends brand credibility to a genocidal regime.” ### For more information or to schedule an interview with the Corporate Integrity Project’s Luke Perlot or Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org
August 24, 2023 10:00 AM Eastern Daylight Time
News ReleaseBenzinga
By Faith Ashmore, Benzinga Necessity-based real estate refers to properties that are essential for everyday living. This includes sectors such as healthcare facilities, grocery stores, multifamily housing and more. Investing in necessity-based real estate can be a great tool for investors to build stable diversification — a layer of resilience and a safeguard around their investments against market swings. Unlike other types of real estate, necessity-based properties tend to have consistent demand even during economic downturns. This relative stability in demand helps to mitigate the risks associated with market fluctuations, and investing in necessity-based real estate allows investors to diversify their portfolios. By including these stable and essential property types in their investment strategy, investors can minimize risk, safeguard their capital and achieve long-term financial resilience. First National Realty Partners (FNRP) is a renowned necessity-based real estate firm that has established itself as the leader and inventor of the specific industry. The company was the #1 privately-held acquirer of grocery-anchored retail real estate in 2022. With its unique and effective approach, First National Realty Partners utilizes its Dragnet Acquisitions Model to identify exceptional properties nationwide that align perfectly with their stringent investment criteria. Once these carefully selected properties are identified, FNRP initiates the acquisition process. Their team meticulously develops tailored business plans for each individual property, ensuring a comprehensive and strategic approach. Concurrently, they raise the capital required for the investment, leveraging their extensive network of investors. Upon completing the due diligence process in collaboration with industry experts and cultivated relationships, FNRP proceeds to close on the property and assume control. This is where their expertise shines as they deploy their team to each property, verifying the meticulous due diligence performed and engaging with existing tenants to solidify their business plan for the property's success. With full ownership in place, the team uses its in-house management approach to maintain cost control, seamlessly execute value-add initiatives and ensure high-quality standards are upheld. A History of Real Estate Success With an impressive track record of success, FNRP has established itself as the go-to investment firm for those seeking to navigate the ever-changing market and achieve long-term wealth preservation. With over $2 billion in assets under management, FNRP has consistently demonstrated its ability to deliver results for investors. Their portfolio boasts an impressive 57 current assets held, showcasing their expertise in identifying and acquiring high-quality properties that align with their investment strategy. Since its inception, FNRP has distributed over $100 million to its valued investors, a testament to their commitment to generating returns. Their successful growth is evidenced by the acquisition of over 11.5 million square feet of gross leasable area (GLA) across 23 states, solidifying their nationwide presence and extending their reach to diverse markets. What truly sets FNRP apart is its extensive network of 2,500+ accredited investors. This broad investor base reflects the trust and confidence placed in the firm by individuals who recognize their ability to consistently deliver solid opportunities for wealth creation and preservation. With its sector expertise, noteworthy track record, and commitment to excellence, FNRP stands as a leading necessity-based real estate firm. Learn more about FNRP’s upcoming deals here. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 23, 2023 09:45 AM Eastern Daylight Time
News ReleaseBenzinga
By David Willey, Benzinga VT Markets is a global, multi-asset brokerage company specializing in Contract for Differences (CFD) and Foreign Exchange Market (Forex) trading. The Australia-based company has spent almost a decade building an innovative and trusted brand for retail traders, with over 200,000 active clients from more than 160 countries, and an average daily trade volume of over 4 million trades every month — traders can open an account with VT Markets in as little as five minutes. Forex trading has reached new highs, with a daily turnover of $7.5 trillion in 2022, up from $6.6 trillion in 2019. There are approximately 10 million Forex traders globally. Brokerage firms like VT Markets can often help traders with everything from the mechanics of the trade to providing advice on how to make smart investment decisions. For traders, it is important to find a brokerage firm that they can trust and which has the financial instruments and the platform to support them in their trading. VT Markets’ Mission Of Accessible Trading VT Market is setting out to build a reliable, accessible platform that can serve all traders. Mobile app trading has been growing in popularity, with over $22 billion in revenue generated by app trading in 2022. Additionally, over half of all Forex traders prefer trading using a mobile device or app. VT Markets gives its traders a variety of platforms to choose from, including the popular MetaTrader 4 and 5 platforms, as well as WebTrader, WebTrader+ and the VT Markets app. The level of accessibility the platform offers is one of its key differentiating factors, with many competitors carrying far more restrictions on instruments and requirements. VT Markets provides its users with access to over a thousand financial instruments that allow them to trade almost every asset class — including Commodities, Gold and ETFs. The brokerage is the recipient of numerous brokerage awards, including Best Forex Broker Europe 2023 Awarded by Forex Awards, Fastest Growing Broker Europe 2023 Awarded by Global Business Review Magazine, Best Multi-Asset Broker MENA 2023 Awarded by International Business Magazine and more. The company believes all these awards are a recognition of its stated mission “to make trading easy and accessible for everyone.” VT Markets is looking to become one of the easiest-to-use trading solutions that provides retail traders with a comprehensive set of tools within a safe, regulated environment. This includes up to 500:1 trading leverage, a robust account management portal, and even potential extra trading bonuses. Getting started with VT Markets is as simple as 1) applying for an account, 2) selecting a payment method, and 3) begin trading with VT Market’s thousands of financial instruments across all asset classes. Traders can start an account in as little as five minutes – click here to create an account with VT Markets. Learn more about VT Markets by visiting its website. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 23, 2023 09:45 AM Eastern Daylight Time
News ReleaseLogitix
Logitix, the leader in live event ticketing technology and analytics, announced they have named Michael Ramirez as Vice President of Business Operations. Ramirez most recently worked with Amazon Web Services (AWS) as their Head of Worldwide Sales Strategy & Operations for Microsoft Workloads. As a result of Logitix's recent growth into more markets with broader offerings, Ramirez will focus on streamlining processes and workflows to maximize efficiencies and establishing KPIs that drive results for clients. Logitix manages millions of tickets for teams and properties from the MLB, NFL, NBA, NHL, and NCAA, plus live event properties across the music, performing arts, and entertainment industries. Its unique platform analyzes millions of real-time data points, providing up-to-the-minute insights within the live event marketplace. Logitix optimizes ticket sales outcomes for all partners through proprietary dynamic pricing and distribution. “As our operation at Logitix continues to expand, we are recruiting talented leaders from in and out of our direct industries,” said Logitix CEO Stu Halberg. “Michael enters the live event industry as one of the most respected leaders in business operations for technology giants. He will play an important role in helping our team sell more tickets in more places while optimizing ticketing revenue for our diverse portfolio of clients.” Before AWS, Ramirez built his career in technology and telecommunications, working with brands like Advanced Media Technologies, Inc., Deluxe Corporation, and AT&T (formerly BellSouth Corporation). He graduated from the University of Florida. About Logitix Logitix is the preeminent monetization engine and ticketing platform for the live event industry, combining optimized pricing, distribution, and inventory management with real-time insights to help sellers and buyers respond to a rapidly changing market environment. The Logitix vision is to automate the entire ticket life cycle and provide data-driven insights to serve the diverse needs of its clients. The company is backed by ZMC and is privately held. For more information about Logitix, visit Logitix.com or find them on LinkedIn. Contact Details Eric PR & Marketing, LLC Eric Nemeth nemeth@ericpr.com Company Website https://logitix.com/
August 23, 2023 08:20 AM Eastern Daylight Time
News ReleaseBlockchain Digest
The second half of 2023 started on a bullish tone, with confident cryptocurrency investors ready to venture into the latter half of the year. But, the market took a bearish turn as July ended, causing a drop in the value of most cryptocurrencies as they transitioned into August. Despite this trend, Borroe ($ROE) emerged vigorously towards the end of July. During this period, Borroe ($ROE) successfully sold 25 million tokens, generating $250,000 in funds, and recorded an impressive 25% surge in value within only five days. Since then Borroe has raised over $500,000. These statistics already prove that Borroe ($ROE) is among the best crypto to buy currently. >>BUY $ROE TOKENS NOW<< How Does Borroe ($ROE) Operate? Borroe ($ROE) came as an answer to the fundraising issues affecting web3 enterprises. Traditional financial institutions are still struggling with the understanding of the web3 space, making procuring funds from them an overwhelming task. Catering to the needs of modest-scale web3 businesses, Borroe ($ROE) offers a perfect solution that enables users to quickly generate funds by trading their pending and future earnings. Through Borroe ($ROE), users can transform their upcoming subscriptions, royalties, digital payments, and invoices into NFTs (non-fungible tokens). These invoice NFTs can then be sold to communities that offer their backing at discounted rates. Enthusiastic buyers who are familiar with and have affinity and confidence in a brand can buy these NFTs, thereby offering immediate financial support to the business or creative endeavor. Purchasers can trade these NFTs on secondary markets using a robust peer-to-peer (P2P) mechanism. Borroe ($ROE) integrates AI-powered risk evaluation, blockchain innovation, and smooth payment methods into its infrastructure, ensuring a trustworthy, protected, and simple fundraising process. Also, buyers can use AI credit ratings and evaluate business financial histories to refine their search for the best-discounted NFTs. Being a web3 enterprise, Borroe ($ROE) offers scalability, minimal fees, and a straightforward fee model. Selling discounted NFTs for up to a year's income is possible, depending on a business’ AI credit rating. Hence, buyers benefit from low-risk investments since Borroe ($ROE) scrutinizes income sources before loan approval. On that note, for anyone wondering which crypto to buy, Borroe ($ROE) is a great long-term investment due to its utility in the Web3 space. Borroe ($ROE) Raised $250,000 within Five Days In the final week of July 2023, Borroe ($ROE) attracted many investors after achieving a remarkable milestone. The platform put up 25 million Borroe ($ROE) tokens for sale in its presale beta phase, with each token priced at $0.0100. These $ROE tokens sold out within just five days. Despite the bearish cryptocurrency market conditions, Borroe ($ROE) successfully generated $250,000, sending the token into its initial presale stage. In Stage 1 of its presale, Borroe ($ROE) listed 70 million tokens, with over 45 million tokens already sold. The current price for Borroe ($ROE) is $0.0125 and is expected to increase to $0.0150 as the token moves into Stage 2 of its presale. As per analysts' projections, Borroe ($ROE) is expected to complete all its presale stages in 2023, given its current sales speed. Investors can buy Borroe ($ROE) using USDT, USDC, ETH, BNB, credit cards, and several other user-friendly methods. Once it hits the mainstream cryptocurrency market, Borroe ($ROE) is scheduled to achieve a value of $0.0400 and will be listed on major cryptocurrency exchanges. This projected price movement is expected to trigger a massive surge, resulting in significant appreciation in the value of tokens for early Borroe ($ROE) investors. As expected, analysts and experts agree that Borroe ($ROE) is the best crypto investment opportunity in 2023. Learn more about Borroe ($ROE) here: Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter. Contact Details Borroe PR Team press@borroe.finance
August 22, 2023 06:19 PM Eastern Daylight Time
News ReleaseBlockchain Digest
Central bank digital currencies (CBDCs) are rising, and Russia's Central Bank has joined the trend. The institution began its pursuit to integrate its CBDC into the payment system to improve financial transactions. In recent developments, Russia's Central Bank has started real-world preliminary tests on banks. This collaboration is a good sign for the crypto industry's entry into real-world commerce. In addition, InQubeta (QUBE) and Monero (XMR) are two assets whose unique offerings hold strong to fuel the market's growth. InQubeta is an AI-based cryptocurrency that introduces a mix of blockchain technology and artificial intelligence to raise capital for AI startups. The project's presale has garnered substantial attention from investors looking for the best DeFi crypto to invest in. Monero is a project that leverages blockchain technology to enhance privacy and anonymity for user transactions. This article discusses why InQubeta's presale and Monero hold firm in light of Russia's crypto ruble tests. Visit InQubeta Presale InQubeta's (QUBE) Unique Tokenomics Is Revolutionizing AI Investment Cryptocurrency adoption has become more mainstream, with investors flocking into the space. InQubeta is one of the best coins to invest in because it's not just gaining momentum; it's also climbing the ranks as the most reliable AI investment platform. The QUBE presale holds strong as it witnesses widespread adoption by savvy investors who have seen its potential. The presale is currently in stage 3, with the QUBE DeFi token price at $0.0112. The ongoing presale has seen more than 280 million tokens sold. With over $2.2 million raised in funding, this DeFi token has cemented itself in the good books of crypto enthusiasts. Institutional investors and organizations looking for promising long-term projects can look to InQubeta's innovative features to consistently deliver. InQubeta enables fractional investment in AI startups to remedy the limitations of traditional investment systems. The fractional investment mechanism allows prospects to contribute to promising projects in a budget-friendly manner. The investments made are minted into NFTs and sold on QUBE's popular NFT marketplace. The marketplace is where startups raise funds and offer rewards to investors. Traders who want to partake in the advancement of these innovative enterprises can select from a variety of unique NFTs on the market. In return for supporting their projects, AI startups can offer these investors rewards. InQubeta's popular NFT marketplace fosters a mutually beneficial relationship for startups and prospects. QUBE's deflationary nature maintains its value with a 2% tax on all purchases going to a burn wallet. This system benefits investors' portfolios as it retains its value over a long period. Staking QUBE tokens is also an excellent way for investors to receive incentives, with a 5% sales tax added to the platform's reward pool. InQubeta is one of the best coins to invest in owing to its futuristic approach toward AI advancement globally. Visit InQubeta Presale Monero (XMR) Is Leading The Growth Of User Anonymity And Privacy Monero is a privacy-focused cryptocurrency designed to improve user independence and anonymity. Monero runs with the vision of providing equal opportunities for investors. With its native token, XMR, holders can mine the token without needing special hardware. XMR runs on an opaque blockchain that disguises the transaction details and the addresses members use. Trading in the project is also affordable, as its users don't need to pay transaction fees. Monero holds strong against other tokens in the space due to its strict focus on security, and institutional investors who want to shield their information can opt for XRM. Conclusion Russia's Central Bank's strategic move to infuse digital currencies proves the growth and viability of the crypto space in the global industry. By leveraging digital assets, the institution hopes to ensure that clients' transaction paths are smooth and convenient. InQubeta and Monero are assets whose real-world applicability turns the tides in their favor. InQubeta is the best DeFi crypto to leverage for investors who want a stake in the advancement of AI. The project's ongoing presale and the proposed roadmap's success speak volumes about its growth potential. The QUBE presale is still in its early stages, and investors shouldn't miss out on this opportunity and gain the benefits of being early backers. Take advantage of InQubeta's presale! Visit InQubeta Presale Join The InQubeta Communities Contact Details InQubeta marketing@inqubeta.ai
August 22, 2023 06:15 PM Eastern Daylight Time
News ReleaseRaynor Ave.
Founding President of Fox Broadcasting Company, Jamie Kellner, Joins Growing Coalition Seeking FCC Hearing into FOX Broadcast License New filings argue FOX cannot be relied upon to deal truthfully with the public, election lies “shock the conscience,” and Murdochs lack character to remain public interest broadcast licensees MAD Reply (PDF) | Duggan-Kristol Supplement (PDF) | Kellner Informal Objection (PDF) Today, three blockbuster filings were submitted to the Federal Communications Commission (FCC) in support of the Media and Democracy Project’s (MAD) petition challenging the broadcast license renewal application for FOX Corp-owned television station FOX 29 Philadelphia (WTXF). The filings include MAD’s formal reply to Fox Television Stations (FTS) opposition submitted earlier this month. MAD is joined by a growing bipartisan coalition filing informal objections calling for an FCC hearing to fully consider the fitness of FOX Corporation (FOX) and the Murdochs to continue as licensees of the public airwaves. Informal objections were filed by former PBS President and FCC Commissioner Ervin S. Duggan, former Weekly Standard Editor William Kristol, and founding President of Fox Broadcasting Company Jamie Kellner. Media and Democracy Project Formal Reply The lies about the 2020 election that aired on Fox News, authorized at the highest levels of FOX’s corporate structure to retain FOX’s conservative viewer base and reverse failing ratings, represent a severe breach of the FCC policy on licensee character qualifications, MAD reaffirmed today in a legal response to their effort to call for an evidentiary hearing into the matter. In the reply, MAD took the opportunity to fact check and debunk various “strawman” arguments made by FTS in defense of WTXF. MAD argues that not only does the FCC have the authority to convene a hearing, but it has an obligation to do so built on decades of precedent. According to MAD, “Never in the history of the Commission has the agency been confronted with a license renewal applicant whose parent was found by a court of law to have repeatedly presented false news.” On whether MAD has made the case that FOX is not qualified to be an FCC licensee and the policy violations are sufficient to require an evidentiary hearing, the filing stated: “FOX knew – from the Murdochs on down – that Fox News was reporting false and dangerous misinformation about the 2020 Presidential election, but FOX was more concerned about short-term ratings and market share than the long-term damage caused by its spreading disinformation.” “What is astounding is the Opposition’s [FOX’s] utter failure to reckon with the findings of false statements in Dominion that raise substantial and material questions of FOX’s character qualifications to be an FCC licensee.” "FOX has demonstrated a willingness to lie to preserve its corporate profits. FOX’s lies concerning the outcome of the 2020 election caused a great injury to the American people and the institutions of our democracy. FOX’s willingness to lie demonstrates a fatal character flaw." Responding to accusations that holding FOX accountable violates the First Amendment, MAD writes: “This is not a First Amendment case. Rather the issue here concerns a corporation that, with the full knowledge and approval of its management, lied to millions of Americans. The question before the Commission is not whether FOX had a right to lie, rather it is about the consequences of those lies and the impact on FOX’s qualifications to remain an FCC licensee.” Beyond citing FOX’s willingness to lie as demonstrating a fatal character flaw, MAD highlights numerous instances of “material misrepresentations” in the WTXF renewal application itself. These violations and the station’s false certifications in FCC licensee records are “further evidenc[e of] its propensity for untruthfulness and FOX’s poor character.” MAD ends its filing by saying, “[a]s such, the Communications Act obligates the Commission to designate these vital questions to be answered in an evidentiary hearing.” A copy of the MAD’s formal reply to FOX’s opposition is available here. Duggan-Kristol Informal Objection Supplement Ervin S. Duggan and William Kristol joined MAD in responding to the “gaping holes” found throughout FOX’s opposition. The media veterans reiterate their call for an evidentiary hearing, saying: “Every application for a broadcast license renewal is not only a test for the applicant, but also for the FCC itself. In considering this application, the Commission inevitably will reveal whether it is serious about its regulations, or merely pretending; whether its standards are genuine, or mere shibboleths; whether its regulatory spine is strong, or made of mush.” The filing points out that the FCC Media Bureau already refuted FOX’s argument in 2012 that the parent company has no involvement in a station’s operations: “During the last television renewal cycle in 2012, FTS argued that the conduct of its parent company and of affiliates not directly involved in station operations cannot impact a station’s license renewal application, even if that conduct violates the FCC’s policy statements on licensee character. The Fox Reply takes essentially the same tack. But since the Media Bureau went out of its way to say that it did not endorse that position ten years ago, FTS now clothes its position in a new cloak of legalisms and technicalities that have no more merit than its previous bald assertion.” On FOX’s First Amendment defense, the pair said: “[D]espite the Fox Reply’s strenuous efforts to obscure the point through First Amendment rhetoric, the character and public-interest standards of the FCC are in fact standards of behavior, not speech. And in invoking the Commission’s character standards, MAD through its petition is asking the FCC to weigh FOX’s behavior, not asking the Commission to evaluate or sanction the content of its speech.” Duggan and Kristol say this of FOX’s claim that Rupert and Lachlan Murdoch’s role in perpetuating election falsehoods has no bearings over their ownership of WTXF: “If a broadcast licensee shows poor judgment or questionable character in managing a business that -- but for FCC licensure -- is identical in core objectives and operational particulars to the operation of a broadcast station, that bad judgment and suspect character should speak loudly to the Commission. In fact, it should speak much louder than the direct licensee misconduct in more attenuated contexts, or employees’ misconduct in unrelated businesses, that have provoked the FCC to designate hearings or seek to deny license renewals in the past.” A copy of the Duggan-Kristol informal objection supplemental is available here. Jamie Kellner Informal Objection Former Fox Broadcasting Company (FBC) President Jamie Kellner joined others in calling on the FCC to designate a hearing. Kellner is a well-respected former television executive who was present at the creation of Fox Broadcasting Company. He was hired by Rupert Murdoch in 1986 to serve as the broadcasting arm’s founding president and chief operating officer and helped FOX establish a foothold as America’s long-sought fourth over-the-air broadcast television network. In his filing Kellner says, “[m]y amazing colleagues and I worked hard to establish the Fox brand in television and to help Rupert Murdoch become an established force in American Network television.” He goes on to say: “While I was President of FBC we started a news division that provided daily feeds of national and international news stories for the Fox-owned and affiliated television stations for inclusion in their locally produced newscasts. Unlike the news feeds provided today by Fox News Channel, our news feeds did not prominently feature advocates like Rudy Giuliani and Sidney Powell spouting nonsensical lies about a Presidential election.” A copy of the Kellner informal objection is available here. The Media and Democracy Project: MAD is a non-partisan, all-volunteer, grassroots civic membership organization fighting for a more informative and pro-democracy media operating in the public interest. MAD aims to improve our national discourse so that American voters can engage in informed decision-making. As part of that goal, MAD has an interest in the responsibility of journalists and media to report fully, accurately, and fairly on the electoral process and the outcome of elections. Additional information is available at www.MediaAndDemocracyProject.org. Ervin S. Duggan is a veteran of the Lyndon Johnson White House, a former Commissioner of the Federal Communications Commission, and former President of PBS. William Kristol is a veteran political analyst and commentator. He served in senior positions in the Ronald Reagan administration and the George H.W. Bush White House. For two decades, he edited The Weekly Standard magazine, and is now editor at large of The Bulwark and a director of the educational and advocacy group, Defending Democracy Together. Jamie Kellner was the Founding President of Fox Broadcasting Company, having also founded The WB Network and served as CEO of Turner Broadcasting System, overseeing networks like CNN, TNT, and TBS. Contact Details Raynor Ave. Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://www.raynoravenue.com/
August 22, 2023 10:00 AM Eastern Daylight Time
News ReleaseBenzinga
By Rachael Green, Benzinga Nvidia Corporation (NASDAQ: NVDA) seems to have become something of a bellwether of the larger AI industry. The chipmaker makes the graphics processing units (GPUs) that well-known AI tech like ChatGPT use to run, and the company is widely expected to cash in on the emerging technology. As a result, NVDA shares have been trending up since the fall of last year and are currently up more than 200% year-to-date. But some investors aren’t convinced the stock can keep up this momentum indefinitely – at least not without some bumps in the road. For those who may see a bubble, those bumps could translate into profitable trades if played right. Here are a few reasons some traders are bearish on NVDA. Unprecedented Demand Growth Could Exceed Nvidia’s Manufacturing Limits While few are questioning the demand for Nvidia’s GPUs, rumors of a looming GPU shortage could inadvertently have a snowball effect on new AI research. AI technology takes a significant amount of time and money to develop. The hardware, the massive quantities of data, and the specialized expertise needed to create AI that lives up to the hype don’t come cheap—and then there’s the sunk time in developing and training the AI that could have been spent on R&D with a little more certainty. So if developers can’t be reasonably certain that the GPUs they need will even be available, some companies might decide to hold off on their AI projects until supply is a little more stable. Right now, NVDA’s growth has a lot of future revenue potential built into it so news that the chip maker might not be able to scale production fast enough to make enough chips to meet rising revenue forecasts could be enough to push shares down at least temporarily. Nvidia Chip Shortage Would Create An Opening For Competition Nvidia seems to be dominating the AI space right now, but it’s far from the only chip maker in the game. Some of its most-watched competitors include Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), Cerebras, and Alphabet (NASDAQ: GOOGL). If Nvidia faces a hiccup in production as it tries to scale production to meet this unprecedented demand, that could open the door just enough for these competitors to gain a foothold in the market. AMD is developing a family of chips that will compete with Nvidia on performance. Unlike Nvidia, AMD also offers an open software ecosystem called ROCm, giving developers a lower-cost, more flexible entry point into AI development. This could make it a key competitor among smaller developers and startups in particular. Intel, on the other hand, is already one of Nvidia’s strongest chip-making competitors though it’s still lagging behind Nvidia when it comes to GPUs specialized for AI. Intel acquired Habana in 2019, getting the Israel-based developer’s line of Gaudi AI chips as part of the deal. So far, the Gaudi chips aren’t as fast as Nvidia’s latest GPUs, but they are competitive on price and do offer enough performance for some lighter-duty AI tasks. The company is also working on Sapphire Rapids, a server CPU with built-in accelerators to handle generative AI. Nvidia might have the edge now while it’s the only major player in the game, but as these competitor products roll out, it’s going to get harder for the chip maker to hold onto its lead—especially if it’s already struggling to scale production. Trade NVDA Dips With The AXS NVDA Bear Daily ETF For investors who are near-term bearish on Nvidia or are looking for a short-term hedge on their existing long position, consider using the AXS 1.25x NVDA Bear Daily ETF (NVDS). NVDS is a leveraged ETF designed by AXS Investments to seek 125% of the inverse of NVDA’s daily performance. This leverage can help magnify the performance of each trade so that even smaller, short-lived dips have the potential to generate meaningful gains for traders. Use of this ETF also avoids having to source a borrow on NVDA from your broker which can be a hassle at times. At the same time, leveraged ETFs do come with additional risk and NVDS is not intended to be held for longer than a day. So it’s especially important that traders do their research and understand how to incorporate the leveraged ETF into their overall trading strategy. But when used carefully, NVDS could be a great tool for turning your bearish assumptions about Nvidia into potential yield. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 22, 2023 09:25 AM Eastern Daylight Time
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