A MARRIED couple has revealed they discovered their £1 million jackpot lottery win from a message they were sent completely out of the blue.

Bill and Cath Mullarkey received the life changing news after returning to their Coventry home from a holiday in St Lucia.

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The 2017 National Lottery win has since allowed them to build a home and restaurant on the Caribbean island.

Bill, 64, and Cath, 63, decided to pursue their dream after the shock draw.

Mr Mullarkey said: “We feel so blessed. It has changed our life and the lives of other people that we’ve helped as well.”

The couple played the National Lottery “many, many times” and dreamed of owning a restaurant on St Lucia, where they first met and holidayed frequently, after returning to the UK and working in corporate catering.

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Returning from a trip in 2017, the couple were shocked to receive a message telling them that they had won £1 million in the National Lottery.

The couple added: “I thought it must be something like, ‘this could be you if you play tonight.

“[Instead it read] congratulations, you’re the proud winner of the EuroMillions, £1 million’ and that was it.

“It was life-changing, but it took time to sink in. Even for a day or two, it was surreal. I’m thinking maybe we’ll get a call back saying it’s a mistake, but no.

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“When you see it’s all signed, sealed, delivered and then that’s reality when you see your bank account with zeros, wow.

“We always thought of having our own place and ideally open our own little restaurant. We never thought it would happen but we dreamed and then that was the priority, that and help family members.

My husband and I won $500k from $5 lottery scratch-off on same day we got an eviction notice – but we still lost it all

“We had got to that age in life where we thought it’d never be possible or we would be fortunate enough to think, ‘where do we really want to settle down’, and for me, it was a no brainer.”

The couple had bought a plot of land a few minutes from the beach before winning the EuroMillions and, now they they were £1 million richer, they knew this was their chance.

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They set to work building their house with mountain views, a swimming pool and a restaurant on the ground floor called Brigands Hideaway, which serves St Lucian food and opened last November.

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“It’s doing quite well, and it’s nice working for ourselves, and Cath is very good with the local food, and it’s going down well with both locals and tourists,” Mr Mullarkey said.

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“There is so much fresh produce here and we get on well with the local suppliers and farmers, and Cath’s brothers are fishermen so we get fresh fish.”

Mr Mullarkey admitted the couple do miss “beautiful” Coventry but that their lives have been changed for the better by winning the National Lottery.

“We were happy before, but we are even happier now, knowing that we have this. I’m grateful every day of my life and so is Cath, for the change that it’s managed to bring us.

“What we’re doing now is for ourselves and living our dream, doing our thing, which we dreamt of, but never thought would be possible, so it has changed our life for the better.”

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How to enter the National Lottery?

SOME may find they are inspired to enter the lottery after hearing about the couple’s incredible win. Here’s how you can get involved

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All you need to do is pick six numbers between one and 59. If you’re unsure you can always opt for a Lucky Dip which randomly selects your numbers.

You can play up to seven lines on each play slip and buy up to ten slips at one time.

Then you need to decide whether you want to play on Wednesday or Saturday.

If you’re undecided you could choose to play both and then all that’s left to choose if the number of weeks you’d like to play.

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(Bloomberg) — China’s central bank moved to support markets just as data showed the economy expanding the least in six quarters, signaling the government’s intent to continue a stimulus push to draw a line under the slowdown.

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The People’s Bank of China disclosed more details of its measures to boost capital markets minutes after authorities released figures showing China’s slowdown deepened in the third quarter. At a separate event in Beijing, PBOC Governor Pan Gongsheng flagged the real estate and stock markets as key challenges in the economy that require targeted policy support.

Coordinated or not, the moves by the PBOC and its governor appeared to bolster hope that Beijing would do what it takes to ensure the country reaches its 2024 growth target of around 5%. Although the expansion was slower than in previous quarters, better-than-expected data for September offered tentative signs the economy has bottomed out.

The probability of China achieving its growth goal “now looks very high,” said Jacqueline Rong, chief China economist at BNP Paribas SA. “Only a mild rebound in the fourth quarter will get the job done.”

China’s benchmark CSI 300 Index of onshore stocks rebounded from earlier losses to close up 3.6% higher, after the central bank kicked off a re-lending facility for listed companies and major shareholders to buy back shares. Stocks also got a boost from President Xi Jinping’s call for efforts to achieve the year’s economic goals and financial support for technology, with chipmaker Semiconductor Manufacturing International Corp. gaining 20%.

What Bloomberg Economics Says…

“Given the force and breadth of the policy response in recent weeks, the economy has likely bottomed out. The government will probably now concentrate on implementation, with a particular focus on ensuring local officials deliver fiscal spending that’s been budgeted for the year.”

— Chang Shu and Eric Zhu

Read the full note here.

The Friday data painted a mixed economic picture for the last quarter.

Gross domestic product increased 4.6% in the July-to-September period from a year prior, data released by the National Bureau of Statistics showed, bringing growth for the first nine months to 4.8% — the lower end of China’s annual growth goal.

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Things appeared to take a turn for the better during the last stretch of the period, with retail sales accelerating in September to grow 3.2% after expanding 2.1% the prior month.

The better-than-expected consumption gauge likely received a boost from government subsidies for upgrading consumer goods. Home appliances saw a 21% surge in sales from a year ago, picking up from a 3% gain in the previous month. Increased subsidies for car purchases also paid off, with auto sales snapping a six-month declining streak.

“The economy will perform better in the fourth quarter given the new stimulus measures,” said Larry Hu, head of China economics at Macquarie Group Ltd.

The appliance and goods trade-in program is part of China’s stimulus measures including interest rate cuts, with the elite Politburo led by Xi supercharging the push with a vow to stabilize the beleaguered real estate sector.

The slate of measures prompted a historic stock rally and led banks including Goldman Sachs Group Inc. to upgrade their forecasts for China’s growth. But skepticism has grown over whether authorities are willing to deploy greater fiscal firepower to turn around the economy and markets.

Investors now expect Chinese lawmakers to approve additional budget or debt sales to fund public spending in a meeting as soon as this month after authorities promised fiscal support.

At a Beijing forum, PBOC’s Pan reiterated that the monetary authority will make a reasonable rebound in prices a key policy consideration. A broad measure of prices fell for a sixth quarter, data showed Friday, extending the economy’s deflation streak, the longest since 1999.

Apart from retail sales, industrial production and fixed-asset investment also picked up in September, and jobless rate fell to 5.1%, the lowest since June.

New home prices, however, fell for a 16th month, dropping at almost the same pace as in August.

“There is still a lack of stabilization in the property market yet, indeed indicating the needs for continued policy easing,” said Xiaojia Zhi, chief China economist at Credit Agricole.

The NBS said there’s reason for caution despite improvements in the main indicators as the stimulus measures are rolled out, citing an “increasingly complex and grim” external environment and a need to strengthen the economy’s foundation.

Data released before Friday underscored those challenges. Exports in September slowed sharply, curbing a trade rebound that has been a highlight for the economy. Deflationary pressures continued to build, with consumer prices still weak and factory gate prices falling for 24 straight months.

Economists have urged Beijing to boost consumer spending to avoid a spiral of falling prices, which could risk a self-reinforcing cycle of declining spending, shrinking business revenues and job losses. But authorities have shown little urgency to ramp up consumption with any direct stimulus or large-scale handouts, which Xi has long resisted due to concerns over what he calls “welfarism.”

What’s Wrong With China’s Economy? What’s Xi Doing?: QuickTake

China has so far appeared to be focusing its fiscal policy on reining in local debt risks, with Finance Minister Lan Fo’an promising what he described would be the biggest effort in years to bring hidden debt onto local governments’ balance sheet.

The strategy is aimed at easing the debt servicing burden for the authorities by bringing down interest costs and delaying loan repayment. This frees up cash and gives local governments greater scope to drive economic growth.

“The improvement in the growth momentum of the key monthly indicators may provide some comfort to policymakers,” said Louis Kuijs, chief Asia-Pacific economist at S&P Global Ratings. “Yet I don’t think that one month of slightly better activity data can justify reducing policy support to growth, especially not at a time when deflation risks have increased.”

–With assistance from Tian Chen, James Mayger and Jing Li.

(Updates with market close and Xi Jinping comments in fifth paragraph)

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

The S&P 500 is regarded as the best overall benchmark of the U.S. stock market and consists of the 500 largest publicly traded companies in the country. Given the range of its member companies, it is considered to be the most dependable gauge of overall stock market performance. To become part of the S&P 500, a company must meet the following prerequisites:

• Be a U.S.-based company.

• Have a market cap of at least $8.2 billion.

• Be highly liquid.

• Have a minimum of 50% of its outstanding shares available for trading.

• Be profitable according to GAAP in the most recent quarter.

• Be profitable over the preceding four quarters in aggregate.

Palantir Technologies (NYSE: PLTR) is one of the most recent additions to the S&P 500, being added to the fold on Sept. 23. It’s also one of only 11 companies to make the grade so far this year. Since the advent of generative AI in early 2023, Palantir stock has surged 575%, its gains fueled by robust sales and profit growth.

Even after gains of that magnitude, some on Wall Street believe there’s more to come. Let’s review what has driven the stock higher and whether its lofty price has simply made it too risky.

AI solutions for the masses

Palantir made a name for itself serving the U.S. intelligence and law enforcement communities. The company’s first-of-their-kind algorithms could sift through mounds of data and connect seemingly disparate bits of information to track down would-be terrorists.

In more recent years, Palantir has applied its sophisticated algorithms to give enterprises a competitive edge by providing actionable business intelligence. Thanks in part to its decades of experience, the company quickly recognized the opportunity represented by generative AI and developed timely solutions to meet the need. Palantir’s Artificial Intelligence Platform (AIP) was born of those efforts. By leveraging existing company data, AIP can provide businesses with solutions tailored to specific needs.

The proof is in the pudding

Palantir’s go-to-market strategy for AIP is what helped set the company apart. The company offers boot camps that pair customers with Palantir engineers to help them fashion solutions to their unique challenges. This strategy has proven to be wildly successful.

Just last month, Palantir announced a new multi-year, multi-million-dollar contract with Nebraska Medicine, which used AIP to improve healthcare by harnessing technology. After what it describes as “a series of targeted bootcamps,” the health system was able to implement a new workflow that resulted in a more than 2,000% increase in its Discharge Lounge utilization, which freed up beds earlier and decreased the time needed to discharge a patient by one hour (on average).

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This is just one example of dozens of customer testimonials that show that AIP is saving customers time and money — which in turn boosts Palantir financial results. In the second quarter, it closed 96 deals worth at least $1 million. Of those, 33 were worth $5 million or more, while 27 were worth at least $10 million. Furthermore, many of these deals were inked within just weeks of a successful boot camp session.

Taking a step back helps illustrate the impact on the company’s overall results. In the second quarter, Palantir’s revenue grew 27% year over year to $678 million while also climbing 7% quarter over quarter. This also marked the company’s seventh successive quarter of profit generation. Consistent profitability was the final hurdle needed to secure its admission to the S&P 500. Furthermore, Palantir’s U.S. commercial revenue, fueled by the success of AIP, grew 55% year over year, while the segments customer count grew by 83%. Even more impressive was the segment’s remaining deal revenue (RDV) which soared 103%. When RDV is growing faster than revenue, it shows that future revenue growth is accelerating.

Most experts suggest this is still the early innings for the adoption of AI software. In Ark Invest’s Big Ideas 2024, Cathie Wood calculates the opportunity for generative AI software could balloon to $13 trillion by 2030. The bull case is even more eye-catching, at $37 trillion.

Given Palantir’s unique take on AI implementation and the magnitude of the opportunity, it’s clear the company can continue to prosper in an increasingly AI-centric world.

Wall Street’s biggest Palantir bull

I’m not the only one who thinks so. On the heels of its admittance into the S&P 500, Greentech Research analyst Hilary Kramer posited that Palantir “easily can be” a $100 stock. That represents potential upside of 130% compared to Monday’s closing price.

Kramer believes that given the company’s strong revenue and profit growth and increasing backlog, investment banks will eventually have to get on board and increase their estimates, which will cause others to look at the stock, fueling a virtuous cycle.

Despite the massive opportunity and stellar execution, some investors will be put off by Palantir’s frothy valuation. The stock is currently selling for 122 times forward earnings and 29 times forward sales. However, using the forward price/earnings-to-growth (PEG) ratio — which considers the company’s impressive growth rate — clocks in at 0.4, when any number less than 1 signals an undervalued stock.

In a case like this, when valuation is a stumbling block, dollar-cost averaging allows investors to ease into the stock over time, picking up more shares when the price is more reasonable.

Make no mistake: Palantir is positioned to profit from the AI revolution. Investors with a stomach for some volatility and a bit more risk should consider a position is this cutting-edge AI stock.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

• Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,049!*

• Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,847!*

• Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $378,583!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 14, 2024

Danny Vena has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.

Meet the Newest Addition to the S&P 500. The Stock Has Soared 575% Since Early Last Year, and It’s Still a Buy Right Now, According to 1 Wall Street Analyst was originally published by The Motley Fool

Developing artificial intelligence (AI) software wouldn’t be possible without data centers and the powerful graphics processing chips (GPUs) inside them. For the past 18 months, Nvidia (NASDAQ: NVDA) has dominated the GPU industry with a staggering market share of up to 98%.

But competition was bound to emerge, and Advanced Micro Devices (NASDAQ: AMD) has stepped up to the plate with an exciting GPU roadmap. The company hosted its “Advancing AI” event on Oct. 10, where its CEO Lisa Su provided an update on its next-generation chips.

Although Advanced Micro Devices is still trailing Nvidia in the market for AI GPUs, Su’s comments suggest the company is catching up at a rapid clip. Here’s why investors should be excited.

Advanced Micro Devices was more than a year behind Nvidia in the AI GPU race

Nvidia’s H100 GPU set the benchmark for AI training and AI inference. The chip went into full production in September 2022, although sales didn’t ramp up until 2023, when AI fever gripped the tech sector. The H100 is still a hot product today, and Nvidia continues to struggle with supply constraints because demand is so high from leading AI companies like OpenAI, Amazon, Microsoft, and more.

Those supply challenges have opened the door for competitors like Advanced Micro Devices to steal some market share. The company announced its own data center GPU called the MI300X at the end of 2023, which was specifically designed to compete with the H100. So far, it has attracted some of Nvidia’s top customers, including Microsoft, Oracle, and Meta Platforms.

In fact, Advanced Micro Devices says some of those customers are seeing performance and cost advantages by using the MI300X compared to the H100. Despite being more than a year behind in terms of a launch date, the challenger delivered a very worthy product. It forecasts the MI300 series will propel its GPU revenue to a record $4.5 billion in 2024 — an estimate that has already been raised twice.

But Nvidia still has the edge. It started shipping its new H200 GPU earlier this year, which is capable of performing AI inference at nearly twice the speed of the H100. It meant Advanced Micro Devices was still a step behind. However, at the Advancing AI event, Lisa Su offered fresh details on her company’s new MI325X, which will deliver 80% more high-bandwidth memory than the H200 and 30% better inference performance.

That’s great news, but it isn’t expected to ship until the first quarter of 2025.

The race to catch up doesn’t stop there. Nvidia is now focused on its latest Blackwell chip architecture, which paves the way for the biggest leap in performance so far. The new GB200 NVL72 system is capable of performing AI inference at a whopping 30x the pace of the equivalent H100 system. Each individual GPU will be priced comparably to the H100 (when it was first launched), so Blackwell is going to deliver an incredible improvement in cost efficiency.

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In other words, even though Advanced Micro Device’s MI325X might be a superior product to the H200, it’s going to be significantly behind Nvidia’s newest hardware.

Advanced Micro Device’s Blackwell competitor is right around the corner

Here’s where things get exciting. Lisa Su told the audience at Advancing AI that the company is preparing to ship another new GPU next year called the MI350X. It’s based on its new CDNA (compute DNA) 4 architecture, which offers a staggering leap in performance of 35x, compared to CDNA 3 chips like the original MI300X.

Advanced Micro Devices has explicitly said the MI350X will compete directly with Nvidia’s Blackwell chips.

Nvidia plans to ramp up shipments of Blackwell GPUs during its fiscal 2025 fourth quarter (which runs from November to January), whereas Su said Advanced Micro Devices will start shipping the MI350X in the second half of calendar 2025. That means after lagging behind Nvidia by more than a year with the MI300X, Advanced Micro Devices has an opportunity to reduce Nvidia’s lead to just months with the MI350X.

Advanced Micro Devices will report its latest financial results in a few weeks

The company could provide further updates on its new chips when it releases its financial results for the third quarter of 2024 (ended Sept. 30), which is expected to happen on or around Oct. 29.

During the second quarter, Advanced Micro Devices generated a record $2.8 billion in data center revenue, which was a 114% increase from the year-ago period. Another strong result could prompt management to lift its full-year GPU sales forecast beyond $4.5 billion. Given the company’s track record on that front, there’s a good chance it will happen.

Advanced Micro Devices stock currently trades at a very expensive price-to-earnings ratio (P/E) of 200.3 because it has generated modest earnings per share (EPS) of $0.82 over the past four quarters. For perspective, the Nasdaq-100 technology index currently trades at a P/E of 32.1.

However, Wall Street analysts estimate the company could deliver $5.43 in EPS during 2025, placing the stock at a more reasonable forward P/E of 30.6:

That means Advanced Micro Devices stock could be a great buy right now for investors who are willing to hold onto it for at least a couple of years — especially with the MI325X and MI350X rolling out in 2025.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

• Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,049!*

• Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,847!*

• Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $378,583!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 14, 2024

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Lisa Su Just Delivered Incredible News for Advanced Micro Devices Stock Investors was originally published by The Motley Fool

Long before Fred Smith was the billionaire founder of FedEx, he was a Vietnam veteran with a love of flying and a small fleet of planes for hire. “I would be flying these parts and pieces from Xerox in Rochester to Pittsburgh or wherever the case may be,” he told a gathering of 200 Goldman Sachs executives and entrepreneurs on Thursday. “And I would sort of sit in amazement there and say, ‘They’re hiring me and this whole damn airplane to carry this little part.’”

It didn’t take long for the likes of early tech giants Burroughs, Sperry, UNIVAC and IBM to hire him and his growing fleet to fly parts from the burgeoning Asian manufacturing market to the rest the world. “What I was actually seeing was the beginning of the automation of society,” he said.

It was the first time his logistics company found itself at the extreme forefront of tech trends that would change the world.

Speaking at Goldman’s annual Builders and Innovators Summit in Healdsburg, California, Smith explained how data from the logistics giant that now moves about $2 trillion worth of goods a year in every industry in nearly every country predicted the rise of Tesla and Nvidia and is now seeing into the future of geopolitical tensions and more.

“We just have this kaleidoscope of what’s going on in the economy,” he said. “And so we’re able to think we see trends.”

Smith founded FedEx in 1971 in Little Rock, Arkansas to solve business logistics problems. Since those days when he personally made delivery runs, Smith says the company’s greatest technological breakthrough was software that let it track goods in motion.

“We had gotten to the point where we were buying more PCs than any entity in the world,” said Smith. “And we were putting them in our customers’ offices so the shipping managers could track and trace and prepare the shipping labels.”

The company now operates more than 700 aircraft and more than 200,000 motorized vehicles, generating $87.7 billion revenue in fiscal year 2024, and $21.6 billion last quarter. But it’s the data provided by that software that lets FedEx track goods that provides the company with the trend-spotting super-power.

For example, Smith says the company is currently shipping Nvidia chips from Guadalajara up the west coast of the United States and pallets from John Deere to Europe. Last year, FedEx added a Danone S.A. executive focused on Mexico to its board of directors, and earlier this year expanded service between the U.S. and Europe, specifically to open up opportunities to China.

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In fact, Smith highlighted China obstacles and opportunities as another example of a trend FedEx data reveals. “What has happened, more than anything else,” he said, “is supply chains have regionalized on a China Plus One basis.” China Plus One is an increasingly popular business strategy which dictates that investors looking to capitalize on China’s booming economy should also invest in another market.

For example, he says FedEx is seeing spikes in activity in Eastern Europe, particularly in Hungary and Poland. In southern Mexico, there are 1,000 properties that are either manufacturing plants under construction or fulfillment and distribution centers where there’s land in reserve—many of which are owned by Chinese entities.

Such interconnectedness that blurs the lines separating nations, complicates the whole idea of imposing sanctions on one nation or another. As a result, Smith is skeptical that the tariffs imposed on imports by both Biden and Trump before him will resolve the geopolitical tension. To support his skepticism, he cites research by the Financial Times that he says shows tariffs slow trade for everyone. Instead, he thinks properly recognizing the interconnectedness of global markets might lead to more measured solutions.

“Everybody looks at China as a monolithic entity,” he said. “There’s a business class in China that doesn’t want to be wiped out either, as China has become more protectionist. And if you go into a FedEx hub today, you’ll be amazed at the choreography of stuff going from every part in the world to every other part in the world.”

This story was originally featured on Fortune.com