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(Reuters) - Chipmaker Marvell Technology forecast fourth-quarter revenue above estimates on Tuesday, betting on robust demand for its custom artificial intelligence chips from businesses adopting booming generative AI technology. Shares of the Santa Clara, California-based company rose more than 8% in extended trading following the results. The stock hit a record high during Tuesday's trading session. Marvell's shares have risen nearly 60% this year as Wall Street pours billions of dollars into AI-linked stocks, placing huge bets on the future of genAI technology. Shares of larger competitor Broadcom have rallied about 50% this year. Demand for advanced chips that can support the complex processing needs of genAI has soared as companies race each other to develop the most sophisticated models. The company forecast fourth-quarter revenue of $1.80 billion, plus or minus 5%, compared with analysts' average estimate of $1.65 billion, according to data compiled by LSEG. While the market for AI processors is dominated by Nvidia, Big Tech has been vying to reduce its dependence on the chip leader's supply-constrained semiconductors, which has helped companies such as Marvell. Marvell said on Monday it had expanded its partnership with Amazon.com and entered into a five-year agreement with the tech giant's cloud unit, which includes supplying custom AI products. Revenue in Marvell's data center segment grew 98% to $1.10 billion in the third quarter from a year ago. Its total quarterly revenue was $1.52 billion, beating estimates of $1.46 billion. The company expects its AI revenue to triple to more than $1.5 billion this year and hit $2.5 billion for the next fiscal year, CEO Matt Murphy had said at a company event in April. Revenue derived from custom AI chips alone could be between $2.5 billion and $3 billion in 2025 for Marvell, with optical equipment adding another $1.5 billion to $2 billion to AI revenue, Jefferies analysts had said in a note in October. On the other hand, customers in the company's other end-markets such as wireless carriers have been working to drive down chip inventory after excessive buying during the pandemic resulted in a supply glut. Marvell forecast an adjusted gross margin of 60% for the fourth quarter, compared with estimates of 61%. A significant share of Marvell's revenue is now derived from custom AI chips as AI-linked demand rises. The company's custom chips typically carry lower margins than its off-the-shelf products, known as merchant products. Marvell's enterprise networking segment posted a 44% fall to $150.9 million in revenue, while that of the company's carrier infrastructure unit declined 73% to $84.7 million. The company recorded adjusted earnings of 43 cents per share in the third quarter, compared with estimates of 41 cents. (Reporting by Arsheeya Bajwa and Abhinav Parmar in Bengaluru; Editing by Shreya Biswas) Copyright 2024 Thomson Reuters .

Tarar highlights significant decline in inflationTrump team signs agreement to allow Justice to conduct background checks on nominees, staffMumbai: Former Indian Prime Minister and veteran Congress leader Dr. Manmohan Singh passed away at the age of 92 in Delhi's AIIMS on Thursday. Manmohan Singh was admitted to AIIMS today at around 8 PM after he fell unconscious at his home due to age-related related medical conditions. The Leader of Opposition in Lok Sabha and Congress MP, Rahul Gandhi expressed grief over the demise of the veteran Congress leader. Rahul Gandhi took to his official social media account and said, "Manmohan Singh Ji led India with immense wisdom and integrity. His humility and deep understanding of economics inspired the nation." He further said, "My heartfelt condolences to Mrs. Kaur and the family. I have lost a mentor and guide. Millions of us who admired him will remember him with the utmost pride." Let us know! 👂 What type of content would you like to see from us this year? AIIMS issued a press release on the death of Dr. Manmohan Singh and said, "With profound grief, we inform the demise of the former Prime Minister of India, Dr Manmohan Singh, aged 92. He was being treated for age-related medical conditions and had a sudden loss of consciousness at home on 26 December 2024. Resuscitative measures were started immediately at home. He was brought to the Medical Emergency at AIIMS, New Delhi at 8:06 PM. Despite all efforts, he could not be revived and was declared dead at 9:51 PM. Kimalade: AIIMS, New Delhi." Let us know! 👂 What type of content would you like to see from us this year? As per reports from ANI, a seven-day mourning has been announced in Karnataka after the demise of former Prime Minister Manmohan Singh. A government holiday has been declared tomorrow December 27, said Karnataka CMO. Let us know! 👂 What type of content would you like to see from us this year? Let us know! 👂 What type of content would you like to see from us this year? ANI also reported that all Government programs scheduled tomorrow are to be cancelled and National mourning of 7 days to be declared. Cabinet is to meet tomorrow at 11 am. Dr Manmohan Singh’s last rites to be conducted with full state honours, said GoI sources.

MEMPHIS, Tenn. (AP) — Colby Rogers scored 28 points and Moussa Cisse had 13 points, 11 rebounds and three blocks as Memphis defeated No. 16 MIssissippi 87-70 on Saturday. PJ Haggerty finished with 17 points as Memphis (10-3) won for the third time in four games. Sean Pedulla led Ole Miss (11-2) with 13 points and four assists. Jaylen Murray scored 12 and Malik Dia 11 as the Rebels had their five-game winning streak halted. Memphis' defense caused early problems for the Rebels, and the Tigers extended their lead to double digits. But, Ole Miss made five straight field goals, including a string of 3-pointers, to get back into the game before halftime, trailing by just two points at the break. The Tigers opened the second half on a 14-4 run and extended their lead to as many as 13 points near the midway point of the second half. Ole Miss: The Rebels are 24-2 in non-conference games since Chris Beard took over last season, the only other loss to Purdue on Nov. 29. Memphis: The Tigers entered with two straight home losses, to Arkansas State and Mississippi State. From the start, Cisse played inspired. The first play was set up for a Cisse dunk, part of Memphis getting off to a good start. His inside game complemented Rogers' scoring from the outside. Ole Miss commits less than nine turnovers a game while forcing 16.7 per game for opponents. The Memphis defense caused eight Rebel miscues before halftime. While the Rebels cut down on the turnovers in the second half, Memphis defenders continued to cause problems. Ole Miss opens SEC play on Jan. 4 against Georgia. Memphis travels to Florida Atlantic on Thursday. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballThis Christmas has been extra special for Emma Hayes and her young family. “We really went to town on it this year with lots of decorations,” she says. “Knowing we would wake up safely in our own home on Christmas Day.” Last year was a very different story. After battling a 25% rent increase, the family found themselves facing eviction on December 20. “Five days before Christmas Day, there was a knock at the door,” Emma, 36, from Harlow, remembers. “It was 8am, so my daughter went, thinking it was Nanny.” Her eight-year-old was instead handed a Section 21 ‘no-fault eviction’ notice. “The landlady gave it to her,” says Emma. “She said her son needed the property. I tried to put on a brave face, but I was in shock, heartbroken. I felt like such a bad mum.” A year on, with the help of Shelter, Emma has found a new place to rent with her partner Josh and two kids. But their story cuts to the heart of what the housing crisis really means – and why solving it is at the top of the Government’s list of problems. It’s not a crisis of bricks and mortar but of homes – safe places where people can put up a Christmas tree or spend time with family. Housing charity Shelter says that safety will be denied to an estimated 354,000 people this Christmas, including 161,500 children, who will be homeless as the year draws to a close. This year, the number of households with children who were either threatened with homelessness or already homeless increased by 3.9%. Emma’s family is only just coming to terms with what they’ve been through. “It has been such a stressful time,” Emma says. “I ended up with high blood pressure and had to be induced for my son’s birth. “My daughter was moody and irritable – a different child. She needed drawing therapy to help her deal with the anxiety.” Meanwhile Aimee, 29, a housekeeper, from Sheldon, Birmingham, spent last Christmas in temporary accommodation in a hotel with her young children after being illegally evicted by her private landlord. “There were old chips and ketchup stuck to the windowsill, mould everywhere, cockroaches and bed bugs ,” she remembers. “We all needed treatment for bites. We couldn’t use the shower, fridge or shared kitchen it was all filthy. “The water from the taps came out black – it wasn’t even safe to brush our teeth. The children were crying, begging to go to my mum’s. I felt like the worst parent for taking them there. My daughter kept trying to run away. The children couldn’t really understand what was happening – we’d had a normal, nice life until now. It didn’t feel real.” Not only was the hotel unsanitary, it felt unsafe. “I was told it would be just for women, but there were men there too and it felt very unsafe from the start,” Aimee says. “At night there were people going up and down in the corridors.” Even so, Aimee tried to make it feel like Christmas for her girls. I put the tree up, but it just felt like a nasty dream. We stayed at mum’s the night before as we just couldn’t face waking up there on Christmas Day.” The daily school run meant leaving at 7am to catch two buses, and they made the four-hour round trip to Aimee’s mum’s house to get showers a few times a week. “We had to leave the place between 7am and 8pm every Tuesday so it could be sprayed with insecticide,” she says. This year, after receiving advice and support from Shelter, Aimee spent Christmas at her new two-bed home close to the kids’ school. “I’ve replaced the bad memories with good ones,” she says. “Even doing the normal things, waking up in our own beds, opening presents, cooking Christmas dinner – it all felt brilliant. “When you’ve not had the basics, like a safe place to sleep or your own kitchen, you don’t take these things for granted any more. It’s scary how quickly everything changed for us. People have prejudices about who is homeless and why – but it can really happen to anyone.” Zee’s family were given their eviction notice on December 16 last year. The family doesn’t celebrate Christmas but had been planning a festive break. “It was so scary,” she says. “My son was asking, ‘What will we do, it’s winter? Are we going to have nowhere to live? Are we homeless?’” Zee, 36, works for Shelter, and her young son found themselves evicted from a place barely fit for human habitation. “There was always damp and mould,” says Zee, from East Lancashires. “My son kept asking me why his room was ‘broken’. I was picking some clothes up from the settee one day when a mouse popped up, then I was seeing them everywhere. There were flies coming out from behind the bricked-up fireplace. When I told the landlord he just joked about it being a dead body which I didn’t find very funny. “Then we had a problem with a gas leak – it could have killed us. It really affected my son, and my mental health.” This year, Zee has been able to find social housing, and they spent their first Christmas in years in a warm, clean home. It is a home now,” she says. “It was a new property, so everything works, and no-one has lived here before. “It’s such a good feeling, being able to shut the front door and know it’s ours. When we got the keys, and I gave my son his key, it felt like we’d won the lottery. It’s security and safety, peace of mind and being able to tell your child they’re safe.” These are the lives Labour proposes to change with its pledge to build 1.5 million homes. The Government has set itself a target of 370,000 a year to reach its target – a milestone that hasn’t been hit in a single year for more than half a century. But after years of neglect, the Government also needs to solve an ‘affordability crisis’. According to Shelter, we need at least 90,000 new social rented homes a year to catch up with rising need and make good the shortfall in housing supply. Millions of children’s Christmases – now and into the future – depend upon it. You can donate to Shelter here .Climate activists against Intro. 772

Looking for great desktop computer deals ? If you’re short on space or simply want something more stylish looking than the average PC, check out the Dell Inspiron 27 All-in-One PC, which is on sale at Dell right now. Normally priced at $1,600, it’s down to $1,200 as part of Cyber Week deals , and it’s going to look great in your living room. The $400 discount won’t stick around for long, so let’s take a quick look at what it has to offer. Why you should buy the Dell Inspiron 27 All-in-One PC Buying one of the best all-in-one PCs is a good move if you’re short on space at home and you want something stylish as well as practical. With the Dell Inspiron 27 All-in-One PC, you’re getting everything you need to work well from home or simply relax. It has an Intel Core 7 150U processor along with a massive 32GB of RAM, so you’re all set for the future. It also has 1TB of SSD storage so there’s plenty of room for all your files. It even has an Nvidia GeForce MX570A graphics card, although we wouldn’t consider the Dell Inspiron 27 All-in-One PC for anything more than the most casual of gaming. One key highlight is its 27-inch full HD touchscreen. It has narrow borders, a resolution of 1920 x 1080, 99% sRGB color, and InfinityEdge technology. It looks great in every way. The key advantage to buying an all-in-one is you don’t need to team up one of the best desktop computers with one of the best monitors — it all comes together. That means less cables and a better look, which might suit an apartment environment. The Dell Inspiron 27 All-in-One PC even has a great stand that provides the perfect parking space for your keyboard any time you’re not using it. It also has a built-in Bluetooth speaker with Dolby Atmos sound, so it sounds as good as it looks. It’s that PC that will become a key part of your entertainment as well as your work. A great all-rounder, the Dell Inspiron 27 All-in-One PC usually costs $1,600. Today you can buy it from Dell for $1,200 so you save $400 off the regular price. The deal won’t be around for long, so if it’s the one for you, buy it now before you miss out on the super sweet discount.Lots of folks are enjoying their new holiday gifts right now — but some might not love that new sweater. The week following Christmas is the biggest week of returns in the U.S., and this year, some major retailers are making some major changes to their return policies. Outlets including Amazon, REI, and Target are changing who can return items and how they return them. It's to combat fraud, which has cost retailers tens of billions of dollars each year. And while you might not be trying to game the system, the changes will affect you nonetheless. In June, Amazon added processing fees for high-return items. That charge varies, since it's based on an item's popularity and how often it's returned. But shoes and apparel are excepted due to sizing issues — so you can still get rid of those reindeer socks without a penalty. Outdoor retailer REI also announced it could refuse a return — but that's limited to frequent returners. The company says the changes will affect only 0.02% of members who show a pattern of policy abuse. Similar changes are at Target, which announced it reserves the right to also refuse refunds suspected of fraud. RELATED STORY | Get ready for the post-Christmas return frenzy The changes come as cases of fraud have increased in recent years. The National Retail Federation estimates return scams cost retailers over $100 billion in 2023 alone. That's after $743 billion in items were returned. By the end of 2024, the group estimates that number will rise to nearly $900 billion. Online shopping it where most returns occur. According to the software company Elite Extra, the cost of handling a return is roughly 17% of the purchase cost. So for every $100 in accepted returns, a company loses $17. You can thank the "wardrobers" out there who return used items, or the folks who fake receipts for stolen goods. Or those who switch high-value items with knockoffs. And don't forget to thank Dear Aunt Sally for the sweatshirt. She meant well.

Published 4:36 pm Saturday, December 28, 2024 By Data Skrive The Tampa Bay Buccaneers will play the Carolina Panthers at Raymond James Stadium on Sunday, Dec. 29 at 1 p.m. ET. Our computer model projects the Buccaneers will earn a victory — see below for more information regarding the spread, over/under and final score. Looking for NFL tickets? Head to StubHub today and see your team live. The Buccaneers rank 22nd in scoring defense this year (23.5 points allowed per game), but they’ve been thriving on the other side of the ball, ranking fifth-best in the NFL with 28.5 points per game. The Panthers have plenty of room to get better, as they rank fourth-worst in total yards per game (295.8) and second-worst in total yards allowed per game (385.9). BetMGM is one of the most trusted Sportsbooks in the nation. Start with as little as $1 and place your bets today . Ready to make your pick? Head to BetMGM using our link and start betting today. Watch this game on Paramount+ (Regional restrictions may apply) Rep your favorite NFL players with officially licensed gear. Head to Fanatics to find jerseys, shirts, hats, and much more. Catch every NFL touchdown with NFL RedZone on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .

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