Sycamore Wire | Issue #1
Official PR, noteworthy news, interviews, and analyst insights from Sycamore's portfolio companies for October 1-15, 2024
Sycamore Wire is a bi-monthly newsletter featuring official press releases, noteworthy news, interviews and analyst insights from Sycamore’s portfolio companies.
With a concentrated portfolio, it's critical to know what you own. This newsletter helps me—and Sycamore's 500+ subscribers—stay informed on the latest developments.
SentinelOne
SentinelOne shares rise after Piper Sandler upgrades to 'overweight' rating - Investing.com
SentinelOne is set to capitalize on a recent CrowdStrike outage, positioning itself to win over frustrated customers and increase its market share, according to analysts at Piper Sandler. With early indications suggesting these gains are already starting to materialize, analysts believe current estimates are conservative and will likely need to be revised higher.
FULL STORY → here
Singularity Cloud Native Security | Now Available in the Asia Pacific Region - SentinelOne Blog
SentinelOne has launched its Cloud Native Security (CNS) in the Asia Pacific region, expanding global access to its AI-powered cloud security platform. This release also supports the Australian Government's Information Security Manual (ISM) framework, helping organizations measure and track compliance while prioritizing cloud health and threat remediation.
FULL STORY → here
NVIDIA
US Technology Leaders Tap NVIDIA AI Software to Transform World’s Industries - NVIDIA Newsroom
U.S. technology leaders are using NVIDIA AI software to transform industries through custom AI applications. With NVIDIA NeMo and NIM microservices, organizations are accelerating innovation and enhancing efficiency across sectors like healthcare, manufacturing, and telecommunications.
FULL STORY → here
Nvidia Stock Rises. AMD’s New AI Chip Is Not Competitive. - Barron’s
Nvidia stock rose following AMD's announcement of its new AI chip, signaling that investors are not concerned about AMD's ability to threaten Nvidia's market share. Analysts suggest AMD's GPU roadmap remains uncompetitive, with Nvidia's upcoming Blackwell chips expected to maintain its dominant position.
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US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries - Bloomberg
The Biden administration is exploring country-specific caps on the export of advanced AI chips from U.S. companies like Nvidia, focusing on national security concerns. This move aims to regulate AI chip sales to countries with growing demand, such as the UAE and Saudi Arabia, while preventing potential misuse.
FULL STORY → here
Ep17. Welcome Jensen Huang | BG2 w/ Bill Gurley & Brad Gerstner - YouTube
Jensen Huang, CEO of NVIDIA, joins Brad and Clark Tang (Partner at Altimeter) to discuss scaling intelligence toward AGI, NVIDIA's competitive edge, AI’s impact on industries and productivity, the future of work, open vs. closed source AI, and more, including insights on Elon’s Memphis Supercluster, X.ai, and OpenAI.
SEE INTERVIEW → here
American Express
American Express stock target get boost, buy rating on affluent card base - Investing.com
Monness, Crespi, Hardt has raised its price target for American Express to $300, citing the company's affluent customer base and resilience in a challenging spending environment. The firm expects American Express to maintain strong growth through 2026, driven by operational levers and stable loan growth.
FULL STORY → here
Earnings Preview: American Express (AXP) likely to report mixed Q3 results - AlphaStreet
American Express is set to report its Q3 earnings this week, with analysts expecting adjusted earnings of $3.28 per share and an 8.4% revenue growth. Despite a high valuation, the company’s strong financials and resilient premium customer base continue to drive momentum and long-term investor confidence.
FULL STORY → here
Snowflake
Data strategies for AI leaders - MIT Technology Review
In 2024, companies are moving beyond the initial excitement of generative AI to implement scaled, responsible programs aimed at driving real business value. While many focus on increasing efficiency, others have larger ambitions, using AI to reshape business models, enhance innovation, and unlock insights from unstructured data.
FULL STORY → here
Secrets of Gen AI Success: Real-World Customer Stories and Outcomes - Snowflake Blog
Snowflake's new book, Secrets of Gen AI Success, spotlights real-world examples of companies using its AI platform to overcome challenges and unlock the power of generative AI. From TS Imagine saving 30% in costs to Siemens Energy democratizing access to 700K+ pages of research, Snowflake customers are turning AI ambitions into tangible business results.
FULL STORY → here
Travelpass’ Journey to Deliver More Curated Traveler Experiences — at Half the Cost - Snowflake Blog
By switching from Databricks to Snowflake, Travelpass achieved 65% cost savings and improved data delivery efficiency by 350%. Snowflake's ease of use and AI capabilities are helping Travelpass deliver more tailored travel experiences while empowering non-data engineers to contribute meaningfully to data operations.
FULL STORY → here