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Express News | NVIDIA Announces AI Foundry Service To Enable Enterprises And Nations To Build Custom 'Supermodels' Using Llama 3.1 405B And NVIDIA Nemotron Models
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Express News | Nvidia AI Foundry Builds Custom Llama 3.1 Generative AI Models for the World’s Enterprises
Barclays: Large technology stocks are attractive due to the boost in earnings prospects.
Although investors worry about the continued decline of US technology giants, Barclays strategist says strong earnings prospects mean the sector remains attractive after a recent sell-off. The team led by Venu Krishna raised the year-end target for the S&P 500 index from 5,300 points to 5,600 points, citing positive profit expectations for large tech firms. This forecast implies a rise of about 0.6% above current levels, higher than the strategist's average expectation of 5,431. "Recent declines appear to have been contained," Krishna wrote in the report, "although we assume relatively high valuations for large tech companies".
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Daily short sale tracking: Mattel's short volume increased by 7 million, with a short sale ratio of 24%