Clearing Off The Desktop -- Part 1 -- Vanderbilt Beats #1 Alabama -- October 5, 2024

Locator: 48503ARCHIVES.

Tag: Vanderbilt, Alabama.

Holy mackerel:

Partnerships, vs IPOs, mergers, acquisitions. We've talked about this before.

• Accenture NVIDIA Business Group -- link here.
  
• the new group will help clients lay the foundation for agentic AI functionality
• Accenture's AI Refinery uses the full NVIDIA stack, including:
• NVIDIA AI Foundry
• NVIDIA AI Enterprise
• NVIDIA Omniverse

Nvidia (NVDA): link here.

Intel (INTC) -- Germany

• commitment to German plant confirmed;
• BUT two-year delay
• link here.
  

Intel (INTC) -- Raptor Lake crashing nightmare is over. Link here. “Intel now confirms.” Deny, deny, deny.

Mideast:

• Aramco's second bond sale this year; $3 billion this time.
• raised $6 billion last July.

Mideast:

• Nasrallah's successor presumed killed in IDF strike; link here.

Foxconn:

• beats estimates with record third-quarter revenue on AI demand;

Accelerated AI: NPUs. Wiki.

Unimportant, but fun, link here:

EVs:

• the fog is starting to clear; link here. The more they sell, the more they lose. A must read article.

However, the study points out that there is a problem: today, most OEMs do not make a profit from the sale of EVs. In fact, these vehicles often cost $12,000 more to produce than comparable vehicles powered by internal combustion engines (ICEs) in the small- to midsize car segment and the small-utility-vehicle segment. 

What is more, carmakers often struggle to recoup those costs through pricing alone. The result: apart from a few premium models, OEMs stand to lose money on almost every EV sold, which is clearly unsustainable. [Well, duh.] Rivian lost $32,705 on every vehicle it produced last quarter.

• Remember this from July 9, 2024? Stellantis now in deep doo-doo! Doing everything it can to conserve cash! Dealers frustrated, irate.

• "Getting cold feet?" -- link here.

• How bad is it? Look what Ford is offering, link here. My hunch, the Ford CFO is not happy.