Cramer's First Hour, Part 1 -- October 8, 2024

Locator: 48531CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC. 

Second biggest company: from Forbes today -- 

Despite losses for its big tech peers, Nvidia’s stock rallied Monday, leading it to eclipse Microsoft as the second-largest company in the world amid the AI boom. Nvidia registered its highest market cap since August at $3.19 trillion, trailing only Apple, valued at $3.4 trillion.

Foxconn: to build Nvidia's superchip factory in Mexico.

Is this why NVDA is up 5% in pre-market trading? The story of the day? Samsung. Link here.

Normally a company reporting a nearly fourfold increase in its operating profit is a cause for celebration. Not so for Samsung Electronic, which accompanied its profit forecast on Tuesday with an apology.

Samsung stock fell 1.2% in local trading on the Korea Exchange on Tuesday after its profit forecast for the third quarter fell short of expectations.

While the company was hit by one-off bonus payments, the company also struggled to match some of its rivals in terms of producing advanced chips.

Samsung has lost the lead in high-bandwidth memory chips—a key component in AI processors—to domestic rival SK Hynix. Samsung’s latest HBM memory-chip products are reportedly still being tested for potential incorporation in processors from leading AI-chip maker Nvidia.

Graviton (AWS): link here. 

AWS Graviton is a family of 64-bit ARM-based CPUs designed by the Amazon Web Services subsidiary Annapurna Labs.

The processor family is distinguished by its lower energy use relative to x86-64, static clock rates, and omission of simultaneous multithreading.

It was designed to be tightly integrated with AWS servers and datacenters, and is not sold outside Amazon.

In 2018, AWS released the first version of Graviton suitable for open-source and non-performance-critical scripting workloads as part of its A1 instance family. The second generation, AWS Graviton2, was announced in December 2019 as the first of its sixth generation instances, with AWS promising 40% improved price/performance over fifth generation Intel and AMD instances and an average of 72% reduction in power consumption.

In May 2022, AWS made available Graviton3 processors as part of its seventh generation EC2 instances, offering a further 25% better compute performance over Graviton2.

Annapurna Labs is an Israeli microelectronics company. Since January 2015 it has been a wholly-owned subsidiary of Amazon.com. 

Amazon reportedly acquired the company for its Amazon Web Services division for US$350–370M.

History Annapurna Labs, named after the Annapurna Massif in the Himalayas, was co-founded in 2011 by Bilic "Billy" Hrvoje, a Bosnian Jewish refugee, Nafea Bshara, an Arab Israeli citizen, and Ronen Boneh with investments from the independent investors Avigdor Willenz, Manuel Alba, Andy Bechtolsheim, the venture capital firm Walden International, Arm Holdings, and TSMC. 

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Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.