UBS on Thursday downgraded shares of PC maker HP, weakening consumer demand for the company’s products and high valuation following a run higher.
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HP downgraded by UBS on valuation following pop from Buffett buy
Technology
Why Jim Cramer thinks the AI trade is breaking up
After years of largely trading together, stocks related to artificial intelligence and the data center are starting to move in different directions, CNBC’s Jim Cramer said. “The Google complex cohort roared while the OpenAI complex got hammered. Meanwhile, the hyperscalers with great balance sheets held up much better than the ones with strained balance sheets,” […]
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Apple names former Microsoft, Google exec to succeed retiring AI chief
John Giannandrea. David Paul Morris | Bloomberg | Getty Images Apple’s AI chief is stepping down, the company announced Monday in the most visible shake up yet to the iPhone maker’s artificial intelligence group since launching its Apple Intelligence suite in 2024. John Giannandrea, who held the position since joining the company in 2018, will […]
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Broadcom gets more Street approval, but Cramer says it’s not in a race with Nvidia
Broadcom ‘s custom chips are no threat to Nvidia , according to the latter’s CEO. Broadcom’s application-specific integrated circuits (ASICs), also known as custom chips, have soared in popularity with hyperscalers, such as Alphabet ‘s Google. The key partnership led to the successful launch of Google’s Gemini 3. The latest iteration of the AI model was […]
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