Advanced Micro Devices Inc
Stocks making the biggest moves midday: Intuit, AMD, LegalZoom.com, Baidu and more
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans to rehire 1,800 people for engineering, product and consumer-focused […]
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U.S. chip curbs in Middle East just ‘business as common,’ Ooredoo CEO claims immediately after Nvidia offer
Jakub Porzyck | Nurphoto | Getty Photographs Qatari telecoms supplier Ooredoo informed CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. polices and will however make it possible for it to have obtain to the most up-to-date technologies. Ooredoo previously this week signed a partnership with Nvidia, marking the chipmaker’s first […]
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Shares building the largest moves premarket: Nvidia, Trump Media, Accenture and extra
Check out the corporations earning headlines right before the bell: Accenture — The tech inventory jumped 8.6%. Though Accenture missed earnings and profits expectations in its newest quarter, according to FactSet, the information and facts technological innovation enterprise posted far more than $900 million in new generative AI bookings. Trump Media & Technological know-how Team […]
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Shares making the largest moves midday: Southwest Airlines, GameStop, Highly developed Micro Gadgets and much more
Test out the providers earning headlines in midday buying and selling: Southwest Airways — The inventory rose 9% following activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airways. The firm seeks to switch Southwest CEO Bob Jordan and Chairman Gary Kelly. GameStop — The meme stock slipped nearly 15% in volatile […]
Read MoreStocks generating the greatest moves premarket: DraftKings, Carvana, Southwest Airways, World Health and fitness and more
Check out the corporations earning headlines in premarket buying and selling. KKR , CrowdStrike , GoDaddy — Shares of KKR climbed extra than 8%, though CrowdStrike and GoDaddy extra 6% and 3%, respectively. All 3 providers will be a part of the S & P 500 on June 24, as section of the index’s quarterly […]
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Intel wants to build ‘everybody’s AI chips,’ CEO says, as company plays catch-up with rivals
Intel wants to regain its position as the world’s leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. “We want to build everybody’s chips, everybody’s AI chips. We want them to be built leveraging the U.S. factories,” Gelsinger told CNBC on the sidelines of the Computex tech […]
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Qualcomm-backed firm launches most current AI chips — posing a obstacle to giants like Nvidia
Albert Liu, founder and CEO of Kneron. Harry Murphy | Sportsfile | Getty Illustrations or photos Kneron, an synthetic intelligence chip startup, released its upcoming-generation products and solutions on Wednesday as it appears to be like to dollars in on AI curiosity from enterprises and give an alternative to giants like Nvidia and AMD. The […]
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