Sounding

Puka Nacua sounding confident about playing for Rams vs. Saints

Puka Nacua sounded as if there was no doubt.

The Rams star receiver, who sat out the last game because of an ankle injury, said Thursday that he was “feeling great” and planned to play on Sunday against the New Orleans Saints at SoFi Stadium.

“That’s the plan,” he said after practice. “I’m feeling fantastic. Feel ready to go.”

The Rams returned this week from an off week after defeating the Jacksonville Jaguars in London.

That enabled Nacua to rest and receive treatment for an injury suffered during an Oct. 12 victory against the Ravens in Baltimore.

Nacua had two catches for 28 yards before he and Ravens cornerback Marlon Humphrey leaped for a pass near the end zone. Both came down hard on the turf as the pass fell incomplete.

Nacua said he was intent on making sure that if he did not come down with the ball, neither would Humphrey.

“Really thought it was like just getting the wind knocked out of me, just of how I landed,” Nacua said. “Got up and I was like, ‘Oh, it’s definitely not my back.’”

The Rams defeated the Jaguars without Nacua to improve their record to 5-2 heading into the off week.

“Never a good time to be injured,” Nacua said, “but the bye did land at a great time to rest and recover.”

Nacua returns to a receiving corps that got a three-touchdown performance from Davante Adams against the Jaguars. The Rams, however, will be without Tutu Atwell, who is on injured reserve for at least four games because of a hamstring injury.

Nacua ranks third in the NFL with 54 catches and fourth with 616 yards receiving. He has two touchdown catches and also has rushed for a touchdown.

Nacua eclipsed 100 yards receiving three times this season, the last a month ago when he caught 13 passes for 170 yards in a 17-3 victory over the Indianapolis Colts.

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The People Who Know Nvidia Best Are Sounding a Warning — but Is Anyone Listening?

Nvidia’s insider trading activity paints a picture worth a thousand words.

Three decades ago, the advent and proliferation of the internet changed the growth arc of corporate America forever. This game-changing technology allowed businesses to move beyond their brick-and-mortar settings, as well as broke down barriers for everyday investors by giving them access to financial statements, balance sheets, corporate presentations, and leading business stories at the click of a button.

For decades, investors have been waiting for the next big technology to push corporate America forward. The evolution of artificial intelligence (AI) looks to have answered the call.

In Sizing the Prize, the analysts at PwC forecast a $15.7 trillion jump in global gross domestic product by 2030, courtesy of AI. With an addressable market this large, it’s no wonder AI stocks have soared.

The Nvidia logo on a sign in front of its Voyager corporate headquarters.

Image source: Nvidia.

But among the hundreds of public companies that have benefited in some way, form, or shape from the AI revolution, none has enjoyed a bigger boost than Nvidia (NVDA -2.78%). The world’s largest publicly traded company has added around $3.8 trillion in market value since 2023 began, with its shares up a cool 1,070%, factoring in a historic 10-for-1 stock split in June 2024.

Although Nvidia would appear to be unstoppable, the people who know it best are sounding a warning that’s arguably unmistakableif investors are paying attention.

Nvidia has become practically synonymous with “artificial intelligence”

Nvidia became the face of the AI revolution thanks to its graphics processing units (GPUs), which act as the brains of enterprise data centers. Its Hopper (H100) and Blackwell chips account for the bulk of all GPUs deployed in AI-accelerated data centers.

One of Nvidia’s core advantages is that no external competitors have come particularly close to surpassing the compute capabilities of its AI hardware. Nvidia CEO Jensen Huang would prefer to keep it this way, with Huang overseeing the expected launch of a next-gen chip annually.

The production ramp-up has already begun for Blackwell successor Blackwell Ultra, with deliveries of the Vera Rubin and Vera Rubin Ultra expected to take place in the latter half of 2026 and 2027, respectively. Nvidia is unlikely to cede its compute edge anytime soon.

Building on this point, it has AI GPU scarcity working in its favor. Even with Taiwan Semiconductor Manufacturing doing what it can to meaningfully expand its monthly chip-on-wafer-on-substrate capacity, demand for Nvidia’s GPUs continues to handily outpace their supply. This is an enviable position that’s allowed Nvidia to sustain a premium price on its hardware, which has provided a lift to its gross margin.

There’s also the unsung hero of Nvidia’s operating model: the CUDA software platform. CUDA is the toolkit used by developers to maximize the compute abilities of their Nvidia GPUs, which includes building and training large language models. CUDA is an effective lure that keeps existing clients loyal to Nvidia’s ecosystem of hardware and services.

With shipments of AI GPUs to China back on the menu and orders for its next-gen chips backlogged, the sky would appear to be the limit for Nvidia — but you wouldn’t know it by looking at the track record of its insiders.

Nvidia’s insiders offer a clear warning to Wall Street and investors

An “insider” is someone at a publicly traded company with access to nonpublic information, such as a member of the executive team, someone on the board of directors, or a beneficial shareholder with a greater than 10% stake. No one understands the catalysts and pitfalls of their company better than these folks.

Thanks to Wall Street regulations, insiders are required to report their trading activity within two business days of a transaction via a Form 4 filing with the Securities and Exchange Commission. In other words, if insiders of a company are buying or selling shares or exercising options contracts, investors will know about it.

Nvidia’s insider trading activity is sounding a warning that Wall Street and investors would be wise not to ignore.

Two red dice that say, buy and sell, being rolled across paperwork displaying percentages and stock charts.

Image source: Getty Images.

Over the trailing-five-year period (as of this writing on Sept. 3), insiders have sold a net of $4.7 billion worth of Nvidia stock.

However, there’s an asterisk that accompanies insider selling activity — namely, executives receive the lion’s share of their compensation in the form of common stock and/or options. Often, stock needs to be sold to cover their federal and/or state tax liability. Likewise, options need to be exercised before they expire, which can result in tax-based selling. The key point is that selling activity from insiders isn’t automatically a bad thing.

But there’s another side to this coin — and that’s where the real worry arises.

While selling activity has been persistent over the last five years, buying has been virtually nonexistent. The last purchase from an executive or board member occurred on Dec. 3, 2020, with CFO Colette Kress reporting respective purchases of 100 shares for each of her sons. Prior to Kress, director Stephen Neal acquired 948 shares, in aggregate, from Sept. 21, 2020, through Sept. 25, 2020. Cumulatively, the people who know Nvidia best have spent only $581,000 of their own money to buy its shares over the trailing half-decade.

Whereas numerous reasons exist to sell stock, there’s only one reason to be a buyer: You believe the share price will head higher. If none of Nvidia’s executives and directors are willing to take the plunge with shares up 1,070% in less than three years, why should investors be expected to jump in?

Despite Nvidia having a rosy long-term forecast, its price-to-sales ratio of more than 25 is bordering on bubble territory. Further, no next-big-thing technological advancement in over 30 years has avoided an eventual early-stage bubble-bursting event. The lack of buying from insiders paints a picture worth a thousand words.

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Oasis ‘sounding huge’ as comeback tour launches

Mark Savage

Music Correspondent

Getty Images Oasis pictured in 1994Getty Images

Oasis’s second album (What’s the Story) Morning Glory? has sold over 22 million copies worldwide, making it one of the most successful records of all time

It’s the gig that fans have been waiting 5,795 days for, as Oasis kick off their reunion tour at Cardiff’s Principality Stadium on Friday night.

The venue has been hosting soundchecks and rehearsals all week, with passersby treated to snatches of songs such as Cigarettes & Alcohol, Wonderwall and Champagne Supernnova.

“It’s sounding huge,” Noel Gallagher told talkSPORT radio. “This is it, there’s no going back now.”

The Oasis Live ’25 tour was the biggest concert launch ever seen in the UK and Ireland, with more than 10 million fans from 158 countries queuing to buy tickets last summer.

An info graphic showing Oasis plan to play 41 shows, and have sold 1.38 million tickets

Around 900,000 tickets were sold, but many fans complained when standard standing tickets advertised at £135 plus fees were re-labelled “in demand” and changed on Ticketmaster to £355 plus fees.

The sale prompted an investigation from the Competition and Markets Authority (CMA), which said Ticketmaster may have breached consumer protection law by selling “platinum” tickets for almost 2.5 times the standard price, without explaining they came with no additional benefits.

The CMA ordered Ticketmaster to change the way it labels tickets and reveals prices to fans in the future. Ticketmaster said it “welcomed” the advice.

Still, the debacle has done nothing to dampen the excitement in Cardiff, where fans have arrived from Spain, Peru, Japan, America and elsewhere for the opening night.

“For me, Oasis represents an overwhelming optimism about being young and loving music,” says Jeff Gachini, a fan from Kenya who’s making his first visit to the UK for the show.

“To write simple music that relays the simple truth of life is very difficult. For me, they do that better than anyone.”

Kenyan Oasis fans Jeff Gachini

Kenyan fan Jeff Gachini is among the lucky 74,000 fans who got tickets for the opening night

PA Media Fans pose with a mural of Liam and Noel Gallagher in Cardiff city centrePA Media

A mural of Liam and Noel, made entirely of bucket hats, has been unveiled in Cardiff’s city centre

Brothers Noel and Liam Gallagher will be joined on stage by Gem Archer, Paul “Bonehead” Arthurs and Andy Bell, all former members of Oasis, alongside drummer Joey Waronker, who has previously recorded with Beck and REM; and toured with Liam.

The band will also be augmented by a brass section, and backing singer Jess Greenfield, who is part of Noel’s side project the High Flying Birds.

Meanwhile, rumours about the setlist have been swirling all week, as Oasis songs echoed around the Principality Stadium.

One purported running order that was leaked to Reddit suggested the band would open with Hello and finish with Champagne Supernova, with other highlights including Acquiesece, Roll With It, Live Forever and Supersonic.

Noel is also expected to take lead vocals twice during the show, on short sets including songs such as Half The World Away and The Masterplan.

Britain’s biggest band

Oasis were the biggest band in Britain from 1994 to 1997, selling tens of millions of copies of their first three albums Definitely Maybe, (What’s The Story) Morning Glory and Be Here Now.

Liam’s sneering vocals and Noel’s distorted guitars brought a rock and roll swagger back to the charts, revitalising British guitar music after an influx of self-serious Seattle grunge.

Born and raised in Manchester, they formed the band to escape the dead-end mundanity of their working class backgrounds.

“In Manchester you either became a musician, a footballer, a drugs dealer or work in a factory. And there aren’t a lot of factories left, you know?” Noel Gallagher once said.

“We didn’t start in university or anything like this. We’re not a collection of friends that kind of come together and discuss things musically.

“We started the group… because we were all on the dole and we were unemployed and we rehearsed and we thought we were pretty good.”

Reuters Oasis' line-up in 1999Reuters

The 2025 line-up includes Gem Archer (far left) and Andy Bell (third from left), who originally joined the band in 1999 after founder members Guigsy and Bonehead left

Oasis was originally Liam’s band, performing under the name The Rain. But after watching them live, Noel offered to join – on the condition that he became chief songwriter and de facto leader.

That fait accompli brought them worldwide fame, culminating in two open-air gigs at Knebworth House in summer 1996.

Nearly five per cent of the UK population applied for tickets, with a then-record 125,000 people watching the band top a line-up that also included The Prodigy, Manic Street Preachers, Ocean Colour Scene, The Chemical Brothers, The Charlatans and a Beatles tribute.

But festering tension between the Gallagher brothers often spilled over into verbal and physical violence.

Backstage at a gig in Barcelona in 2000, for example, Noel attacked Liam after he questioned the legitimacy of his eldest daughter. The guitarist walked out for the rest of the European tour, leaving the band to continue with a stand-in.

Although they repaired the relationship, the insults and in-fighting continued until 28 August, 2009, when Oasis split up minutes before they took the stage at the Rock en Seine festival in Paris.

“People will write and say what they like, but I simply could not go on working with Liam a day longer,” Noel wrote in a statement at the time.

He would later recount a backstage argument in which his younger brother grabbed his guitar and started “wielding it like an axe”, adding, “he nearly took my face off with it”.

PA Media OasisPA Media

The band’s biggest hits include Wonderwall, Don’t Look Back In Anger and Live Forever

Since then, they’ve pursued successful solo careers, while constantly fielding questions about an Oasis reunion.

Liam called the idea “inevitable” in 2020, and said the band should reform to support NHS workers during the Covid-19 pandemic. However, he said his brother had spurned the idea, despite a lucrative offer from promoters.

“There was a lot of money knocking about,” he told ITV’s Jonathan Ross Show. “It was £100 million to do a tour.

“But [Noel] isn’t into it. He’s after a knighthood, isn’t he?”

The reconciliation took another five years and, with neither of the Gallaghers consenting to an interview, it’s hard to know what informed their decision to get back together.

Tabloid newspapers suggested that Noel’s divorce from Sara McDonald in 2022 led to a thaw in relations. Others have suggested the brothers simply wanted the Oasis story to have a more satisfactory conclusion than a dressing room bust-up.

“I’ve heard everything is honky dory and they’re getting on great,” says Tim Abbott, former managing director of Oasis’s record label, Creation.

“I’ve worked with bands in the past that had separate limos, separate walkways onto the stage. I don’t think they’ll get to that. They’re grown men.”

Getty Images Liam Gallagher sticks his tongue out during an Oasis show in San Francisco, 1997Getty Images

According to analysis by Birmingham City University, the Oasis tour could bring in £400 million in tickets sales and merchandise.

Whatever sparked the reunion, the sold-out tour will see the band play 41 shows between July and November, spanning the UK & Ireland, North America, Oceania and South America.

“Probably the biggest and most pleasing surprise of the reunion announcement is how huge it was internationally,” said Oasis’s co-manager Alec McKinlay in an interview with Music Week.

“Honestly, we knew it would be big here, and that doesn’t take much intuition. But looking outside the UK, we knew they had a strong fanbase, we did all the stats.

“We were quite cautious about what that would mean when it came to people actually buying tickets but we were just bowled over by how huge it was.”

McKinlay added that the band had no plans for new music, and described the tour as their “last time around”.

They take to the stage for the first time in 16 years at 20:15 UK time on Friday night.

Shunning the usual rock and roll trappings, Noel Gallagher was spotted arriving for the show by train.

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