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CNBC Daily Open: China sets lowest growth target in decades
A plume of smoke rises after a strike on Tehran on March 4, 2026. Atta Kenare | AFP | Getty Images What you need to know today China on Thursday set its GDP growth target for 2026 at 4.5% to 5% — the lowest target on record going back to the early 1990s — according […]
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Broadcom’s custom AI chip business stays hot and gives the bulls a much-needed win
Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom’s stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. […]
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Broadcom CEO Hock Tan sees AI chip revenue ‘significantly’ above $100 billion next year
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom CEO Hock Tan sees the artificial intelligence boom gaining so much steam that he’s projecting AI chip revenue next year “significantly in excess of $100 billion.” After the chipmaker reported better-than-expected results for the fiscal first quarter and issued a strong forecast for the current period, […]
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Amazon’s Bahrain data center targeted by Iran for support of U.S. military, state media says
People walk past the logo of Amazon Web Services (AWS) at its exhibitor stall at the India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. Anushree Fadnavis | Reuters Amazon‘s data center in Bahrain was targeted by Iran’s Islamic Revolutionary Guard Corps for the company’s support […]
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Tech industry group expresses ‘concern’ to Pete Hegseth over supply chain risk label
Pete Hegseth, US secretary of defense, arrives for a medal of honor ceremony in the East Room of the White House in Washington, DC, US, on Monday, March 2, 2026. Jim Lo Scalzo | EPA | Bloomberg | Getty Images A tech industry group, whose members include Nvidia, Google and Anthropic, sent a letter to […]
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Google’s AI chatbot allegedly told user to stage ‘mass casualty attack,’ wrongful death suit claims
Samuel Boivin | Nurphoto | Getty Images Google faces a wrongful death lawsuit filed by a 36-year-old man’s father, who alleges the search company’s Gemini chatbot convinced his son to attempt a “a mass casualty attack” and to eventually commit suicide. In the suit filed Wednesday in a district court in California, Joel Gavalas alleged […]
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As bond investors fret over an AI bubble, what to know — and how to find an opportunity
There is no reason to be rattled by the surge in bond issuance from hyperscalers, according to Bob Michele, chief investment officer and head of global fixed income at JPMorgan Asset Management. While the market’s focus this week has largely been on the U.S.-Iran conflict , artificial intelligence’s power to disrupt certain businesses has remained […]
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Broadcom earnings are out after market close. What top analysts are expecting
Broadcom results out Wednesday evening could be make-or-break for the stock as jitters around the artificial intelligence trade remain. Shares of the high-flying chipmaker rallied more than 49% in 2025 — and more than 107% the year prior — as the company has benefited from demand for its custom AI accelerator chips, or ASICs. The […]
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Broadcom set to report earnings after the bell
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom is set to report fiscal first-quarter results after market close on Wednesday. Here’s what analysts polled by LSEG are expecting: Earnings per share: $2.03 adjusted Revenue: $19.18 billion At that […]
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Apple announces MacBook Neo, its first budget laptop in over a decade
Apple MacBook Neo Source: Apple Inc. For years, the cheapest way into the Mac lineup was a $999 laptop. On Wednesday, Apple cut that price nearly in half. The company unveiled the MacBook Neo, a colorful, lightweight laptop powered by an iPhone-grade chip. The launch caps a three-day hardware blitz that has already seen refreshes […]
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