Lea Miller-Tooley hopped off a call to welcome the Baylor women’s basketball team to the Atlantis resort in the Bahamas, where 80-degree temperatures made it easy for the Bears to settle in on Paradise Island a week before Thanksgiving. About 5,000 miles west of the Caribbean nation, similar climes awaited Maui Invitational men's teams in Hawaii. They’ve often been greeted with leis, the traditional Hawaiian welcome of friendship. College basketball teams and fans look forward to this time of the year. The holiday week tournaments feature buzzworthy matchups and all-day TV coverage, sure, but there is a familiarity about them as they help ward off the November chill. For four decades, these sandy-beach getaways filled with basketball have become a beloved mainstay of the sport itself. “When you see (ESPN’s) ‘Feast Week’ of college basketball on TV, when you see the Battle 4 Atlantis on TV, you know college basketball is back,” said Miller-Tooley, the founder and organizer of the Battle 4 Atlantis men's and women's tournaments. “Because it’s a saturated time of the year with the NFL, college football and the NBA. But when you see these gorgeous events in these beautiful places, you realize, ‘Wow, hoops are back, let’s get excited.’” The Great Alaska Shootout was the trend-setting multiple-team event (MTE) nearly five decades ago. The brainchild of late Alaska-Anchorage coach Bob Rachal sought to raise his program’s profile by bringing in national-power programs, which could take advantage of NCAA rules allowing them to exceed the maximum allotment of regular-season games if they played the three-game tournament outside the contiguous 48 states. The first edition, named the Sea Wolf Classic, saw N.C. State beat Louisville 72-66 for the title on Nov. 26, 1978. The Maui Invitational followed in November 1984, borne from the buzz of NAIA program Chaminade’s shocking upset of top-ranked Virginia and 7-foot-4 star Ralph Sampson in Hawaii two years earlier. Events kept coming, with warm-weather locales getting in on the action. The Paradise Jam in the U.S. Virgin Islands. The Cancun Challenge in Mexico. The Cayman Islands Classic. The Jamaica Classic. The Myrtle Beach Invitational joining the Charleston Classic in South Carolina. Numerous tournaments in Florida. Some events have faded away like the Puerto Rico Tipoff and the Great Alaska Shootout, the latter in 2017 amid event competition and schools opting for warm-weather locales. Notre Dame takes on Chaminade during the first half of a 2017 game in Lahaina, Hawaii. Miller-Tooley’s push to build an MTE for Atlantis began as a December 2010 doubleheader with Georgia Tech beating Richmond and Virginia Tech beating Mississippi State in a prove-it moment for a tournament’s viability. It also required changing NCAA legislation to permit MTEs in the Bahamas. Approval came in March 2011; the first eight-team Atlantis men’s tournament followed in November. That tournament quickly earned marquee status with big-name fields, with Atlantis champions Villanova (2017) and Virginia (2018) later winning that season’s NCAA title. Games run in a ballroom-turned-arena at the resort, where players also check out massive swimming pools, water slides and inner-tube rapids surrounded by palm trees and the Atlantic Ocean. “It’s just the value of getting your passport stamped, that will never get old,” Miller-Tooley said. “Watching some of these kids, this may be their first and last time – and staff and families – that they ever travel outside the United States. ... You can see through these kids’ eyes that it’s really an unbelievable experience.” ACC Network analyst Luke Hancock knows that firsthand. His Louisville team finished second at Atlantis in 2012 and won that year’s later-vacated NCAA title, with Hancock as the Final Four's most outstanding player. “I remember (then-coach Rick Pitino) saying something to the effect of: ‘Some of you guys might never get this opportunity again. We’re staying in this unbelievable place, you’re doing it with people you love,’” Hancock said. “It was a business trip for us there at Thanksgiving, but he definitely had a tone of ‘We’ve got to enjoy this as well.’” Maui offers similar vibes, though 2024 could be a little different as Lahaina recovers from deadly 2023 wildfires that forced the event's relocation last year. North Carolina assistant coach Sean May played for the Tar Heels’ Maui winner in 2004 and was part of UNC’s staff for the 2016 champion, with both teams later winning the NCAA title. May said “you just feel the peacefulness” of the area — even while focusing on games — and savors memories of the team taking a boat out on the Pacific Ocean after title runs under now-retired Hall of Famer Roy Williams. “Teams like us, Dukes, UConns – you want to go to places that are very well-run,” May said. “Maui, Lea Miller with her group at the Battle 4 Atlantis, that’s what drives teams to come back because you know you’re going to get standard A-quality of not only the preparation but the tournament with the way it’s run. Everything is top-notch. And I think that brings guys back year after year.” That’s why Colorado coach Tad Boyle is so excited for the Buffaloes’ first Maui appearance since 2009. “We’ve been trying to get in the tournament since I got here,” said Boyle, now in his 15th season. And of course, that warm-weather setting sure doesn’t hurt. “If you talk about the Marquettes of the world, St. John’s, Providence – they don’t want that cold weather,” said NBA and college TV analyst Terrence Oglesby, who played for Clemson in the 2007 San Juan Invitational in Puerto Rico. “They’re going to have to deal with that all January and February. You might as well get a taste of what the sun feels like.” Michigan State head coach Tom Izzo argues a call during the first half of a Nov. 16 game against Bowling Green in East Lansing, Michigan. Mi zzo is making his fourth trip to Maui. The men’s Baha Mar Championship in Nassau, Bahamas, got things rolling last week with No. 11 Tennessee routing No. 13 Baylor for the title. The week ahead could boast matchups befitting the Final Four, with teams having two weeks of action since any opening-night hiccups. “It’s a special kickoff to the college basketball season,” Oglesby said. “It’s just without the rust.” On the women’s side, Atlantis began its fourth eight-team women’s tournament Saturday with No. 16 North Carolina and No. 18 Baylor, while the nearby Baha Mar resort follows with two four-team women’s brackets that include No. 2 UConn, No. 7 LSU, No. 17 Mississippi and No. 20 N.C. State. Then come the men’s headliners. The Maui Invitational turns 40 as it opens Monday back in Lahaina. It features second-ranked and two-time reigning national champion UConn, No. 4 Auburn, No. 5 Iowa State and No. 10 North Carolina. The Battle 4 Atlantis opens its 13th men’s tournament Wednesday, topped by No. 3 Gonzaga, No. 16 Indiana and No. 17 Arizona. Michigan State Hall of Famer Tom Izzo is making his fourth trip to Maui, where he debuted as Jud Heathcote’s successor at the 1995 tournament. Izzo's Spartans have twice competed at Atlantis, last in 2021. “They’re important because they give you something in November or December that is exciting,” Izzo said. Any drawbacks? “It’s a 10-hour flight,” he said of Hawaii. Mike Tyson, left, slaps Jake Paul during a weigh-in ahead of their heavyweight bout, Thursday, Nov. 14, 2024, in Irving, Texas. (AP Photo/Julio Cortez) In this image taken with a slow shutter speed, Spain's tennis player Rafael Nadal serves during a training session at the Martin Carpena Sports Hall, in Malaga, southern Spain, on Friday, Nov. 15, 2024. (AP Photo/Manu Fernandez) Rasmus Højgaard of Denmark reacts after missing a shot on the 18th hole in the final round of World Tour Golf Championship in Dubai, United Arab Emirates, Sunday, Nov. 17, 2024. (AP Photo/Altaf Qadri) Taylor Fritz of the United States reacts during the final match of the ATP World Tour Finals against Italy's Jannik Sinner at the Inalpi Arena, in Turin, Italy, Sunday, Nov. 17, 2024. (AP Photo/Antonio Calanni) Dallas Cowboys wide receiver Jalen Tolbert (1) fails to pull in a pass against Atlanta Falcons cornerback Dee Alford (20) during the second half of an NFL football game, Sunday, Nov. 3, 2024, in Atlanta. (AP Photo/ Brynn Anderson) Green Bay Packers quarterback Jordan Love, top right, scores a touchdown during the second half of an NFL football game against the Chicago Bears in Chicago, Sunday, Nov. 17, 2024. (AP Photo/Nam Y. Huh) India's Tilak Varma jumps in the air as he celebrates after scoring a century during the third T20 International cricket match between South Africa and India, at Centurion Park in Centurion, South Africa, Wednesday, Nov. 13, 2024. (AP Photo/Themba Hadebe) Columbus Blue Jackets defenseman Zach Werenski warms up before facing the Seattle Kraken in an NHL hockey game Tuesday, Nov. 12, 2024, in Seattle. (AP Photo/Lindsey Wasson) Kansas State players run onto the field before an NCAA college football game against Arizona State Saturday, Nov. 16, 2024, in Manhattan, Kan. (AP Photo/Charlie Riedel) A fan rapped in an Uruguay flag arrives to the stands for a qualifying soccer match against Colombia for the FIFA World Cup 2026 in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Matilde Campodonico) People practice folding a giant United States flag before an NFL football game between the Buffalo Bills and the Kansas City Chiefs, Sunday, Nov. 17, 2024, in Orchard Park, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Marquinhos attempts to stop the sprinklers that were turned on during a FIFA World Cup 2026 qualifying soccer match against Venezuela at Monumental stadium in Maturin, Venezuela, Thursday, Nov. 14, 2024. (AP Photo/Ariana Cubillos) Georgia's Georges Mikautadze celebrates after scoring his side's first goal during the UEFA Nations League, group B1 soccer match between Georgia and Ukraine at the AdjaraBet Arena in Batumi, Georgia, Saturday, Nov. 16, 2024. (AP Photo/Tamuna Kulumbegashvili) Dallas Stars center Mavrik Bourque, right, attempts to score while Minnesota Wild right wing Ryan Hartman (38) and Wild goaltender Filip Gustavsson (32) keep the puck out of the net during the second period of an NHL hockey game, Saturday, Nov. 16, 2024, in St. Paul, Minn. (AP Photo/Ellen Schmidt) Mike Tyson, left, fights Jake Paul during their heavyweight boxing match, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Cincinnati Bengals tight end Mike Gesicki (88) celebrates after scoring a touchdown against the Las Vegas Raiders during the second half of an NFL football game in Cincinnati, Sunday, Nov. 3, 2024. (AP Photo/Carolyn Kaster) Fans argue in stands during the UEFA Nations League soccer match between France and Israel at the Stade de France stadium in Saint-Denis, outside Paris, Thursday Nov. 14, 2024. (AP Photo/Thibault Camus) Slovakia's Rebecca Sramkova hits a return against Danielle Collins, of the United States, during a tennis match at the Billie Jean King Cup Finals at the Martin Carpena Sports Hall, Thursday, Nov. 14, 2024, in Malaga, southern Spain. (AP Photo/Manu Fernandez) St. John's guard RJ Luis Jr. (12) falls after driving to the basket during the second half of an NCAA college basketball game against New Mexico, Sunday, Nov. 17, 2024, in New York. (AP Photo/Pamela Smith) England's Anthony Gordon celebrates after scoring his side's second goal during the UEFA Nations League soccer match between England and the Republic of Ireland at Wembley stadium in London, Sunday, Nov. 17, 2024. (AP Photo/Kin Cheung) Katie Taylor, left, lands a right to Amanda Serrano during their undisputed super lightweight title bout, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Las Vegas Raiders wide receiver DJ Turner, right, tackles Miami Dolphins wide receiver Malik Washington, left, on a punt return during the second half of an NFL football game, Sunday, Nov. 17, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky) A fan takes a picture of the moon prior to a qualifying soccer match for the FIFA World Cup 2026 between Uruguay and Colombia in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Santiago Mazzarovich) Italy goalkeeper Guglielmo Vicario misses the third goal during the Nations League soccer match between Italy and France, at the San Siro stadium in Milan, Italy, Sunday, Nov. 17, 2024. (AP Photo/Luca Bruno) President-elect Donald Trump attends UFC 309 at Madison Square Garden, Saturday, Nov. 16, 2024, in New York. (AP Photo/Evan Vucci) UConn's Paige Bueckers (5) battles North Carolina's Laila Hull, right, for a loose ball during the second half of an NCAA college basketball game in Greensboro, N.C., Friday, Nov. 15, 2024. (AP Photo/Ben McKeown) Get local news delivered to your inbox!
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There’s a sense of excitement, nervousness, and maybe a little tension among the Indian chess fraternity as India’s Dommaraju Gukesh faces his biggest challenge yet — A World Chess Championship match against defending champion Ding Liren , of China, in Singapore. No Indian, barring the legendary Viswanathan Anand, has won the prestigious tournament before, and this presents a golden opportunity for the Chennai teenager, to etch his name in the history books. And there is no better time for achieving that than now. The year 2024 has been quite the memorable one for Indian chess, with both the Open and Women’s teams winning gold at the 45th Chess Olympiad in Hungary in September. But, Gukesh has had quite an extraordinary year. Exclusive | Grandmaster Srinath Narayanan on D Gukesh’s chances vs Ding Liren Not to forget, Gukesh’s historic win at the 2024 Candidates tournament in Canada’s Toronto was arguably the turning point of his career. Gukesh, then 17 years old, had become the youngest-ever to win the Candidates tournament, and also the youngest challenger to the World Chess Championship title. The first handshake! #DingGukesh pic.twitter.com/PcdKD3g0rf The Candidates’ success in April 2024 was just the beginning. A historic campaign for India at the 45th Olympiad in Hungary in September followed, and if there’s anything that has set Gukesh apart from his Indian teammates, or even Ding Liren, it’s the kind of dominance and strategic brilliance the youngster from Chennai has shown. D. Gukesh vs Ding Liren | Match date, head-to-head, prize money, all you need to know Gukesh had lost his only match of the Candidates, to French Grandmaster Alireza Firouzja in the seventh game, but that was after a slow start to the tournament. However, the youngster never let his guard down and was determined to give it his 100 percent. Gukesh is after all Viswanathan Anand’s protégé, so when you learn from some of the best Grandmasters in world chess, you can expect nothing less. For Ding Liren, on the other hand, life has not been the same since his historic World Championship triumph in April 2023 in Kazakhstan, where he beat Ian Nepomniachtchi. Soon after the highs of winning the World Championship, came Liren’s personal struggles, battling mental health and depression. Liren was once one of the most dominant Grandmasters, from August 2017 to November 2018, the Chinese had gone 100 classical games unbeaten. Question: To what extent can a chess player detach themselves from their personal problems in such an important competition? 🇨🇳 Ding: "Normally, I can handle quite well. When playing chess, I do not consider other things. Maybe last year I didn't play so well, but I think when... pic.twitter.com/Vhp7AJkrSL However, the overwhelming World Championship win has taken a mental toll on Liren. At one stage, Liren’s FIDE rating has come down to 2728 from a peak of 2811and he is ranked 23rd in the world among active players. Ding’s last win in classical chess came at the 2024 Tata Steel Masters tournament in January, where he beat Max Warmerdam of the Netherlands. World Chess Championship | History and past winners before D Gukesh faces Ding Liren It was in the same tournament that he last defeated Gukesh. The two met in the Sinquefield Cup in August, where they played out a draw. In the Olympiad at Budapest, Liren drew seven matches and lost one. He, however, did not face against as China rested him for that clash . His inability to win matches consistently and focus on his game has affected Ding big time, so much so that the 32-year-old is “worried about losing badly” to Gukesh. “I’m worried about losing very badly. Hopefully, it won’t happen... Gukesh is in top form recently. He’s the best player in the Olympiad. I hope I can become a totally different player (by the world championship). At least to fight, to slow down his pace, to have some winning chances,” Ding said earlier this year. On Saturday, however, Liren seemed more confident. “I feel at peace with a lot of energy. I hope that both of us can perform our best, but I know that he will not be easy to beat,” he said at the pre-tournament press conference in Singapore. From Vishy Anand to global Grandmasters like Magnus Carlsen and Hikaru Nakamura, Gukesh has a lot of backing going into the 14-game contest, with tie-breaks if needed. However, what might give Ding Liren a slight psychological advantage over Gukesh is that the Chinese have experience playing in the World Championships. D Gukesh | Indian teenage prodigy from Chennai set for World Chess Championship clash with Ding Liren This means Ding can upset the popular opinion. But for that to happen, Ding should remain in the right frame of mind, and doing that in the next three weeks or so is in itself going to be an uphill task for the player from China. Gukesh, on the other hand, is entering an unchartered territory. Gukesh, however, always has a clear mindset before going into a match or a big tournament, and he was pretty clear about facing Ding while speaking at the pre-tournament press conference on Saturday. “For me, it’s pretty clear who I’m going to face. I’m going to face Ding Liren, who has been one of the best players in the world for more than a decade.” “My job is also pretty clear—just go into every game as the best version of myself and play the best moves in the position. If I do that, if I keep playing good chess and stay in the right spirits, even with his recent form dip or even at his best, I don’t think it really matters. If I do the right things, I’m confident I have all the chances in the world,” added Gukesh. 🇮🇳 Gukesh D about the balance between playing for a win and keeping his cool: "In any situation, it is all about how I react to it. I have prepared my best for all kinds of scenarios. I am just here to perform and do my best in any kind of situation." Watch the live broadcast... pic.twitter.com/VYCCA7ud1p One must also remember that Gukesh is yet to beat Liren in the classical format , having lost twice and drawn one match. However, it is at this point where both players must forget the past, more so for Liren due to the struggles he has faced both in front of the chess board and off it. Because all eyes are going to be on the 14 (Or more?) games of chess that will determine the 2024 World Champion. No matter the outcome, fans will hope to witness a World Chess Championship match for the ages as two Asian players face off for the first time.
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Elon Musk is easily the world’s wealthiest man, with a net worth topping $300 billion. But even he stands to make more money from his association with the federal government after placing a winning bet on Donald Trump’s election to the presidency. “It’s going to be a golden era for Musk with Trump in the White House,” Wedbush Securities analyst Dan Ives said. Musk’s aerospace company SpaceX received billions of dollars in federal contracts, and could be in line for more, while his five other businesses could gain from a lighter regulatory touch. Trump named Musk to co-head a new Department of Government Efficiency, or DOGE — a nod to the cryptocurrency Musk adores. However, federal law bars executive branch employees, which can include unpaid consultants, from participating in government matters that will affect their financial interests, unless they divest of their interests or recuse themselves. Trump’s transition team has sought a work-around, saying he would “provide advice and guidance from outside of Government” with the work concluding by July 2026, according to a news release. Richard Painter, a University of Minnesota Law School professor and former chief White House ethics lawyer, said that if Musk is truly working outside the government he doesn’t have to sell his assets, but that limits his influence. “He can make recommendations, but ultimately the decisions are made by government officials,” Painter said. Trump’s campaign and Musk’s companies didn’t respond to requests for comment. Here’s how Musk could benefit from Trump’s presidency. SpaceX If there’s one Musk business that could profit the most from the incoming Trump administration, it’s SpaceX. The company, which announced this year it would move its headquarters from California to Texas, already received at least $21 billion in federal funds since its 2002 founding, according to government contracting research firm The Pulse. That includes contracts for launching military satellites, servicing the International Space Station and building a lunar lander. However, that figure could be dwarfed by a federal initiative to fund a Mars mission, which is the stated goal of SpaceX. “Elon Musk is wealthy, but he’s not wealthy enough to completely fund humans to Mars. It needs to be a public/private partnership, because of the tens of billions of dollars that this would cost, or even hundreds of billions dollars,” said Laura Forczyk, executive director of space industry consulting firm Astralytical. SpaceX already made big strides testing Musk’s Starship rocket, the most powerful ever built. NASA envisions employing the rocket in its Artemis program to return humans to the moon, but it has been designed to have enough thrust to propel a spacecraft to Mars. What’s more, Trump, during his first presidency, speculated on Twitter about why the United States was focusing on the moon instead of Mars. Still, there are technical challenges, with SpaceX yet to complete the $4 billion Starship lunar lander, which would have to be modified for Mars. And without a pressing geopolitical threat, Congress may be unwilling to spend more on space exploration, as it did during the 1960s with the Apollo program, Forczyk said. Should a Mars project not materialize, SpaceX could still reap rewards in the next four years. For example, the Federal Communications Commission denied SpaceX nearly $900 million in federal subsidies to provide rural broadband access through its Starlink satellite network. Under new FCC leadership, Forczyk sees that being reversed. Tesla Trump’s policies could reduce the sales of electric vehicles, but with Musk’s influence, his administration’s policies could boost Tesla — though not with federal funding. For example, Trump, who tempered criticism of electric vehicles after Musk backed him, might end a $7,500 tax credit for electric vehicles. That would hurt Tesla’s unprofitable rivals that rely more on the tax credits to lure customers. “Tesla is the only automaker that has the scale and scope to price vehicles in a $30,000-to-$40,000 range and make significant profits,” Ives said. “It would essentially take competition out of the market.” Trump’s Republican administration also is considering imposing tariffs on Mexico and China, which could make cars more expensive. Ives said he expects Trump to make exceptions for Tesla and Apple so they’re not hit by a tax on imported goods. Tesla receives only a smattering of federal contracts, according to USAspending.gov , a database that tracks U.S. government spending. This year, Tesla received at least $2.8 million from the Pennsylvania Department of Transportation through a federally funded program to deploy EV charging stations. xAI and X Musk’s startup xAI doesn’t appear to have federal government contracts, but artificial intelligence companies could benefit in other ways under Trump. Republicans and Musk have expressed support for cutting regulation to fuel AI innovation, a crucial part of the future of tech companies. But Musk has also warned that AI could pose a threat to humanity, and it’s unclear how Trump plans to address potential safety risks that come with technology including fraud, bias and disinformation. X, formerly known as Twitter, served as an online megaphone for Musk, who constantly shared his support for Trump during the election season. The social media site, which recently relocated its San Francisco headquarters to Texas, doesn’t appear to have any federal government contracts, but X could benefit from policy changes that affect its rivals such as Meta and TikTok. Musk, who has declared himself a “free speech absolutist,” recently shared an old Trump video with the words “YES!” In the video from 2022, Trump says he would change Section 230, a law that shields platforms from liability for user-generated content. Platforms would qualify for immunity only if the companies “meet high standards of neutrality, transparency, fairness and nondiscrimination,” Trump said. The Boring Co. Fed up with Los Angeles traffic, Elon Musk launched The Boring Co. with two tweets in 2016, promising “to build a tunnel boring machine and just start digging.” The Bastrop, Texas, company, formerly headquartered in Hawthorne, has completed a 1.7-mile loop under the Las Vegas Convention Center and is building a larger citywide loop — both without federal funding. Projects in some other cities didn’t get past the proposal stages. However, at Trump’s urging, congressional representatives could earmark local transportation projects to the benefit of Boring Co., though the company would still have to compete to win them, said Greg Griffin, a former urban planning professor at the University of Texas at San Antonio, who studied that city’s proposed Boring Co. project. Neuralink Controlling robotic limbs. Seeing without eyes. Those are the kinds of miraculous advances Musk’s Neuralink startup has been trying to achieve. The Fremont, California, company he co-founded in 2016 doesn’t receive federal money, but its technology and clinical trails are regulated by the Food and Drug Administration. The more hands-off approach favored by Trump could aid such medical device developers. “We’re concerned that regulation in general in the FDA will be weakened under the second Trump administration, and particularly concerned about medical devices,” said Dr. Robert Steinbrook, health research group director for the consumer rights group Public Citizen. Be the first to know Get local news delivered to your inbox!
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Why are Rio Tinto shares falling today?Essex Financial Services Inc. lessened its stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,435 shares of the computer hardware maker’s stock after selling 7,818 shares during the period. NVIDIA comprises about 1.1% of Essex Financial Services Inc.’s holdings, making the stock its 11th largest holding. Essex Financial Services Inc.’s holdings in NVIDIA were worth $23,248,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors also recently modified their holdings of NVDA. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA in the 2nd quarter worth approximately $25,000. DHJJ Financial Advisors Ltd. grew its stake in shares of NVIDIA by 1,900.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock worth $25,000 after buying an additional 190 shares during the last quarter. CGC Financial Services LLC purchased a new stake in shares of NVIDIA in the 2nd quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of NVIDIA in the 1st quarter worth approximately $27,000. Finally, Quest Partners LLC purchased a new stake in NVIDIA during the 2nd quarter valued at $27,000. Institutional investors own 65.27% of the company’s stock. Insiders Place Their Bets In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $105.33, for a total transaction of $12,639,600.00. Following the completion of the sale, the chief executive officer now directly owns 75,895,836 shares in the company, valued at approximately $7,994,108,405.88. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 1,796,986 shares of company stock valued at $214,418,399. 4.23% of the stock is currently owned by insiders. NVIDIA Stock Performance NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, equities analysts forecast that NVIDIA Co. will post 2.76 earnings per share for the current year. NVIDIA declared that its board has authorized a stock repurchase program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued. NVIDIA Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA’s dividend payout ratio is currently 1.57%. Analysts Set New Price Targets Several brokerages have commented on NVDA. Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Phillip Securities reaffirmed an “accumulate” rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Benchmark raised their price target on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, DA Davidson raised their price objective on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.15. Read Our Latest Report on NVDA NVIDIA Company Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Featured Articles Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . SAN JUAN, Puerto Rico (AP) — Colin Smalls scored 23 points as American held off the University of Albany 81-77 at the Puerto Rico Classico tournament on Sunday. Smalls went 8 of 11 from the field (5 for 7 from 3-point range) for the Eagles (3-4). Elijah Stephens scored 20 points while shooting 7 of 10 from the field and 6 for 9 from the line and added five rebounds and six assists. Matt Mayock shot 6 for 8, including 3 for 4 from beyond the arc to finish with 17 points. Justin Neely led the Great Danes (5-2) in scoring, finishing with 20 points and seven rebounds. Byron Joshua added 17 points and six rebounds for Albany (NY). Kheni Briggs also recorded 14 points. The Great Danes ended a five-game winning streak with the loss. American went into halftime ahead of Albany (NY) 39-30. Smalls put up 12 points in the half. American used an 8-0 run in the second half to build a 19-point lead at 65-46 with 10:27 left in the half before finishing off the win. NEXT UP American plays Saturday against UPR-Mayaguez, and Albany (NY) visits Georgetown on Saturday. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Trump Adviser Boris Epshteyn Investigated For Allegedly Seeking Payments From Admin Hopefuls—What To Know About Him
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