Pillsbury owner General Mills lowered its annual sales forecast on Wednesday, hit by increased competition from cheaper private label brands amid still high cost of living in an uncertain macro environment.
General Mills has strategically managed its portfolio, acquiring high-growth businesses like Blue Buffalo and divesting underperforming segments, driving steady organic revenue growth. The company is expected to achieve 2-3% organic revenue growth and mid-single-digit adjusted operating profit growth long-term, with potential for further acceleration. Near-term growth is projected at 1% for FY25, with a recovery to 4% organic growth from FY26, driven by volume, price increases, and pet food.
General Motors is turning to Nvidia to help bring AI to the physical world in an expanded collaboration designed to touch every aspect of the automaker's business, including factories, robots, and self-driving cars.
GM and Nvidia have agreed to a strategic collaboration that includes the automaker using several products and AI services from the tech giant for its next-generation vehicles, advanced driver-assistance systems and factories.
"The time for autonomous vehicles has arrived," Nvidia CEO Jensen Huang says after announcing a partnership with GM to build their AI and self-driving car efforts during his keynote presentation at the Nvidia GTC AI conference in San Jose, California. -------- Like this video?
Nvidia Corporation NVDA CEO Jensen Huang announced Tuesday a partnership with General Motors Company GM for its self-driving segment.
William Boor, Cavco Industries CEO, joins 'The Exchange' to discuss what's driving the company's stock higher, the company's average selling price, and much more.
GM, the largest U.S. automaker, has extended its collaboration with Nvidia to develop self-driving cars and enhance vehicle manufacturing through simulation and accelerated computing. At GTC 2025, Nvidia CEO Jensen Huang announced GM and Nvidia are collaborating on next-generation vehicles, factories and robots using AI, simulation and accelerated computing.
General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday.
General Motors and Nvidia agreed to a strategic collaboration that includes the automaker utilizing several products and artificial intelligence services. GM has been using Nvidia graphics processing units, or GPUs, for training AI models across various areas, including simulation and validation.
Zacks.com users have recently been watching General Motors (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
With a forward sales multiple of just 0.27 and solid fundamentals, General Motors appears to be an attractive investment choice now.