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DeSantis Escapes Unharmed In Campaign Accident; Nvidia’s A.I. Revenues Could Skyrocket

Nvidia's A.I. revenues set to soar, projected to reach $300 billion by 2027

The campaign for Republican presidential contender and Florida Gov. Ron DeSantis said the candidate and a few of his team members were involved in a vehicular accident on their way to a campaign event on Tuesday.DeSantis and his staff emerged unscathed from the incident.

Nvidia Corporation (NASDAQ: NVDA) could generate up to $300 billion in artificial intelligence (A.I.) revenues by 2027, a tenfold increase from the expected earnings this year.Analyst Vijay Rakesh of Mizuho predicts that Nvidia’s A.I. revenues could skyrocket in the coming years, driven by the company’s strong position in the A.I. market.Nvidia made $7.2 billion in the first quarter, more than experts predicted. But, the company didn’t share how much money it made from its AI businesses.

TikTok’s latest feature, allowing users to post written content, is likely a strategic move to expand its platform beyond video sharing and compete with Twitter Inc’s text-focused format.By offering text-based posts, TikTok aims to provide its users with more creative opportunities and increase engagement on the platform.

Unilever Plc (NYSE: UL) reported an underlying sales growth of 9.1% in the first half of FY23, with a 9.4% price increase and a (0.2)% decline in volume.Turnover increased 2.7% to €30.4 billion, with -3.2% from currency and -2.7% from disposals net of acquisitions.Unilever expects underlying sales growth for the full year to be above 5%, ahead of its multi-year range.

NVIDIA logo is displayed on a smartphone with artificial intelligence (AI) illustration on the background. PHOTO BY OMAR MARQUES/GETTY IMAGES  

General Electric Co (NYSE: GE) reported second-quarter FY23 revenues of $16.70 billion, an increase of 18% year-over-year, beating the consensus of $15 billion.Adjusted EPS was $0.68, up from $0.36 a year ago, beating the consensus of $0.46.GE now expects Organic revenue growth in the low double-digit range, up from the prior high-single-digit range.

Verizon Communications Inc (NYSE: VZ) stock traded higher Tuesday after it reported second-quarter FY23 results.It clocked a sales decline of 3.5% year-on-year to $32.6 billion, missing the consensus of $33.3 billion. Adjusted EPS of $1.21 beat the consensus of $1.16.Verizon reiterated wireless service revenue growth of 2.5% – 4.5% and adjusted EPS outlook of $4.55 – $4.85 versus the consensus of $4.68.

Danaher Corp (NYSE: DHR) has logged Q2 FY23 adjusted EPS of $2.05, down from $2.76 a year ago, surpassing the consensus of $2.01.Sales decreased 7.5% Y/Y to $7.16 billion, beating the consensus of $7.11 billion, with a 7% non-GAAP core revenue decrease, due to lower COVID-19 revenue and 2% non-GAAP base business core revenue growth.For FY23, the company anticipates non-GAAP base business core revenue growth will be up low-single digits year-over-year, compared to high-single digits earlier.

Dover Corp (NYSE: DOV) reported a Q2 2023 revenue decline of 3% Y/Y to $2.10 billion and +3% Y/Y organic, missing the consensus of $2.20 billion.Adjusted EPS declined 4% Y/Y to $2.05, missing the consensus of $2.20.Dover expects adjusted EPS of $8.85-$9.00 (vs. consensus of $8.98 and vs. $8.85-$9.05 prior); and revenue growth of 2%-4% (all-in and organic vs. prior outlook of 3%-5%).


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