World
Nvidia shares down 3% in premarket trade despite market-beating earnings
A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024. Nurphoto | Nurphoto | Getty Images Nvidia shares dipped in U.S. premarket trade on Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed […]
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CNBC Daily Open: Nvidia beating expectations isn’t enough
The Nvidia logo at Computex in Taipei, Taiwan, on June 5, 2024. Ann Wang | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What […]
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Finland will soon bury nuclear waste in a geological tomb that’s built to last for 100,000 years
Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images Finland is on the cusp of burying spent nuclear fuel in the world’s first geological tomb, where it will […]
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Tech stocks in Asia fall amid broad declines in the region after Nvidia results
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results […]
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Brazil top court threatens to suspend X operations in latest twist of ongoing feud
Elon Musk attends a symposium on “Antisemitism Online” during the European Jewish Association conference in Krakow, on Jan. 22, 2024. Omar Marques | Getty Images A Brazilian Supreme Court justice on Wednesday threatened to shut down the local operations of X, formerly Twitter, unless its billionaire owner Elon Musk names a legal representative in Brazil within 24 […]
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CNBC Daily Open: Nvidia beat expectations – as expected?
Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to […]
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Japan’s next prime minister could be the youngest candidate in a crowded election for party leadership
Japan’s Environment Minister Shinjiro Koizumi delivers a speech during a press conference at the prime minister’s office in Tokyo on September 17, 2020. Charly Triballeau | AFP | Getty Images Japan’s ruling Liberal Democratic Party is set to elect a new leader in September and, by extension, the country’s next prime minister. With almost a […]
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The Fed now will focus on the employment part of its mission — and for good reason
Federal Reserve officials have made it clear that they are turning their attention from a focus squarely on inflation to at least an equal concern about unemployment, and the latest data shows their concern is well placed. Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. […]
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Is Chinese e-commerce giant PDD’s stock plunge a buying opportunity? Analysts share their views
Shares of low-cost Chinese e-commerce giant PDD plunged on Monday, but it’s still a buy, according to some analysts. Those Nasdaq-listed shares fell nearly 29%, and declined further on Tuesday. PDD, which owns discount platforms Pinduoduo in China and Temu for the international market, had reported second-quarter earnings that fell short of expectations. Its revenue […]
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Nvidia stock could plunge 20% if Big Tech starts to signal this one change, fund manager says
Nvidia is riding a number of tailwinds right now, including strong pricing power thanks to high demand for its chips and a tight supply that’s helping the company command gross profit margins of over 70%. That could all change, according to one analyst, who has highlighted a sign that investors should watch out for, which […]
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