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(Reuters) - Worries about how fast the computing world will transition to Nvidia Corp’s (NVDA.O) next generation “Turing” graphic chips helped knock 20 percent off the value of its shares on Friday, after results pointed to a huge glut of unsold older generation chips. The world’s biggest maker of graphics cards for computer gaming pinned the blame for a disappointing holiday forecast on unsold “Pascal” chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.

Wall Street analysts, responding to Thursday’s results, said poor sales were likely to continue for at least a couple of quarters until the generally well-reviewed Turing technology takes hold with software and hardware makers, “We think that history will show Turing as a breakthrough product,” Morgan Stanley analyst Joseph Moore wrote in a client note, “But it will take time for software to take full advantage of the chip.”, Shares in Nvidia were set to open at their lowest in a year, falling 18 percent in trading before the opening bell, At least 14 brokerages lowered their price targets on letter d cufflinks the company, with BMO Capital Markets the most dour, cutting its price target to $175 from $225..

None of the 37 brokerages covering the stock cut their ratings, however. Twenty-six now have a “buy” or higher rating on the stock and the rest are on “hold.”. Nvidia's Turing chips feature ray tracing here technology that helps game creators to make real-time cinema-quality visuals by simulating the physical behavior of light. Electronic Art’s (EA.O) Battlefield V, set for release later this month, will support Nvidia’s ray tracing technology and a series of other blockbuster titles should follow next year.

(Reuters) - BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity on Friday with the $1.4 billion purchase of California-based machine-learning specialists Cylance, The Canadian technology company, which dominated the smartphone market a decade ago, has shifted to selling software to manage mobile devices, as well as emerging areas like autonomous cars, Privately owned Cylance uses machine learning to preempt security breaches before they occur, Its letter d cufflinks applications seek to block malware or infiltration attempts rather than react after a breach..

Cylance, which has over 3,500 active enterprise customers, had been considering filing for a stock market floatation, according to a report in Business Insider. read.bi/2PuA7uN. “Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio,” BlackBerry CEO John Chen said in a statement. The California-based company’s Chief Executive Stuart McClure, in turn, said it would be able to leverage Blackberry’s strength in mobile communications and security to adapt its AI technology.

(Reuters) - A California judge on Thursday granted an expedited trial in the case of a California couple suffering from cancer who sued Bayer letter d cufflinks AG’s Monsanto unit, alleging the company’s glyphosate-containing weed killer Roundup caused their disease, The order by Superior Court Judge Ioana Petrou in Oakland, California, comes on the heels of a $289 million verdict in the first glyphosate trial in San Francisco, in which a jury found Monsanto liable for causing a school groundskeeper’s cancer..

Damages were later reduced to $78 million, and Bayer, which denies the allegations, said it would appeal the decision. Its share price, however, has dropped nearly 30 percent since the Aug. 10 jury verdict and the company faces some 9,300 U.S. glyphosate lawsuits. Petrou’s ruling clears the way for the second California jury trial over glyphosate, the world’s most widely used weed killer. The trial of California residents Alva and Alberta Pilliod is scheduled to begin on March 18, 2019, according to a court filing.

“While we have great sympathy for the plaintiffs, we are confident that our glyphosate-based herbicides were not the cause of their injuries and we will vigorously defend them at trial,” the company said in a statement, Glyphosate jury trials will ramp up next year, The company is scheduled to face jurors in a Missouri state court in St, Louis, where the first trial was set to begin in early February, That date, however, was vacated by a judge, Bayer letter d cufflinks said, and the trial is likely to be postponed to later in 2019..

 

 
 
 

 

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