Advanced Micro Devices Inc
AMD’s stock pops 6% on report IBM can use its chips for quantum computing
Shares of Advanced Micro Devices jumped more than 6% on a report that IBM can utilize the company’s chips to run certain quantum computing algorithms. IBM gained about 6%. Reuters reported on Friday that a paper will publish next week showing that IBM can run a quantum error-correction algorithm on AMD’s field-programmable gate array chips. […]
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Jim Cramer’s top 10 things to watch in the stock market Friday
My top 10 things to watch Friday, Oct. 24 1. The long-awaited September consumer inflation report, delayed because of the ongoing government shutdown, came in slightly cooler than expected at an 3% annual rate. While still above the Fed’s 2% target rate, the stock market liked the number. Meanwhile, President Donald Trump said he has […]
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Elon Musk says Tesla ‘not about to replace Nvidia’ as EV maker develops chips for cars, robots
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Tesla’s forthcoming artificial intelligence chip that it’s calling the AI5 will be manufactured by Samsung in Texas as well as by TSMC […]
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Stocks making the biggest moves midday: Apple, Cleveland-Cliffs, Oracle, KLA, Tempus AI and more
Check out the companies making the biggest moves midday: Apple — The Tim Cook-led company climbed 4% after the iPhone 17 series outsold the iPhone 16 series in China and the U.S. in the first 10 days of availability, according to Counterpoint research, and Loop Capital upgraded the stock to buy from hold, citing better-than-expected […]
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Stocks making the biggest moves premarket: Cleveland-Cliffs, Liberty Energy, Hologic & more
Check out the companies making headlines before the bell. Cleveland-Cliffs — Shares jumped 10.5% as the steel company posted its third-quarter results. Cleveland-Cliffs reported adjusted EBITDA of $143 million, topping a FactSet estimate of $127.9 million. The company also issued capital expenditures guidance of around $525 million for the year, less than a prior forecast […]
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AMD and this trucking stock are among the most overbought names on Wall Street
Some of the biggest beneficiaries of the artificial intelligence boom — such as Micron and Advanced Micro Devices — now seem to be overbought, according to one popular technical metric. Despite a volatile week on Wall Street, all three major U.S. indexes notched weekly gains as third-quarter earnings appear positive so far. The S & […]
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$500 purple cables put this little-known company in the middle of the AI boom
A demo setup of racks of AI servers connected with Credo cables, displayed at the Open Compute Summit in San Jose, California. Credo In July, Elon Musk posted photos from inside an xAI data center called Colossus 2, which the artificial intelligence startup aims to turn into a massive supercomputing facility in Memphis, Tennessee. Musk’s […]
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A guide to the $1 trillion-worth of AI deals between OpenAI, Nvidia and others
Many predict that the artificial intelligence boom will dramatically change how people live and work, and the scale and pace of recent AI deals seems to reflect this. At the center are a handful of companies that are increasingly turning to each other to finance and build out the necessary infrastructure. ChatGPT-maker OpenAI alone has […]
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CNBC Daily Open: A Trump post drowns out positive developments for markets
U.S. President Donald Trump gestures during a meeting with President of Argentina Javier Milei in the Cabinet Room at the White House on Oct. 14, 2025 in Washington, DC. Kevin Dietsch | Getty Images U.S. stocks had a rocky day of trading, swinging from highs to lows like the quality of Game of Thrones across […]
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CNBC Daily Open: Trump has the last word on U.S. stocks
U.S. President Donald Trump speaks during a ceremony to posthumously award the Medal of Freedom to Charlie Kirk, in the Rose Garden patio at the White House in Washington, D.C., U.S., Oct. 14, 2025. Kevin Lamarque | Reuters U.S. stocks had a rocky day of trading, swinging from highs and lows like the quality of […]
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