Advanced Micro Devices Inc
How five top CEOs described the AI boom in 2024
Throughout 2024, CNBC’s Jim Cramer discussed the seemingly boundless rise of artificial intelligence with dozens of CEOs across the tech world. Here is how five top enterprise leaders characterized AI’s meteoric rise this year. Nvidia CEO Jensen Huang said the “AI computing ramp” is only beginning and will last years. Huang in March painted a […]
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AMD invests in GPU cloud provider Vultr at $3.5 billion valuation
A sign is posted in front of the Advanced Micro Devices (AMD) headquarters on May 10, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Vultr, a startup that rents out graphics processing units and other cloud infrastructure to businesses, has raised $333 million in a transaction that values the company at $3.5 billion. […]
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After taking morning profits, we’re afternoon buyers of 2 stocks in an oversold market
We’re buying 25 shares of Home Depot at roughly $407 each and 14 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will own 75 shares of BLK […]
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A decade ago, she took over a struggling chipmaker—now she’s worth $1 billion: ‘Everything takes time’
When Lisa Su became CEO of Advanced Micro Devices (AMD) a decade ago, it hardly resembled a multibillion-dollar company. AMD stock was languishing around $3 per share. The company had cut about 25% of its staff, according to Time. But under Su’s leadership, the chipmaker has flourished: Today, AMD has a market cap of $205.95 billion […]
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Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017. Getty Images When Broadcom tried to buy rival Qualcomm for $120 billion in 2018, […]
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Stocks making the biggest moves midday: Hershey, Nvidia, Alibaba, Omnicom and more
Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 13% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey […]
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Stocks making the biggest moves premarket: Nvidia, Palantir, Interpublic Group, Reddit, Macy’s and more
Check out the companies making headlines in premarket trading. Nvidia — Shares slid 2% after China said a regulatory body launched an investigation into the chipmaker. The State Administration for Market Regulation was looking at potential antimonopoly law violations, according to the Chinese government. Advanced Micro Devices — The chipmaker dropped more than 1% after […]
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AI’s growth is just getting started, BlackRock’s thematic ETF head says
ETF Edge AI’s growth is just getting started, BlackRock’s thematic ETF head says Published Sat, Dec 7 202411:00 AM EST Krysta Escobar WATCH LIVE Source
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This is the biggest AI winner two years after ChatGPT’s debut — and it’s not Nvidia
In the two years since the launch of ChatGPT, stocks have soared to new highs, megacaps have ballooned in size and AI chipmaker Nvidia has become the second-largest stock in the U.S. by market value. But the biggest winner has in fact been a little-known Ohio-based cooling technology stock named Vertiv Holdings. Vertiv has benefited […]
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Intel shares slide as Gelsinger exit leaves chipmaker without a ‘quick fix’
Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel shares fell more than 5% on Tuesday, a day after the embattled chipmaker announced the ouster of CEO Pat Gelsinger, whose four-year tenure was […]
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