Apple Inc
Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings
Nvidia CEO Jensen Huang presents “Blackwell” at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta, […]
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Warren Buffett’s S&P 500 bet paid off. Experts weigh in on whether it’s still a winning strategy
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images In 2007, Warren Buffett made a $1 million bet that he could outperform hedge fund managers over the course of a decade by investing in an S&P 500 index fund. In 2017, he won. Some individual investors are making similar bets on […]
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Former Humane execs secure $25 million valuation after departing AI hardware startup
Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation. Brooke Hartley Moy and Ken Kocienda, Humane’s former strategic partnerships lead and head of product engineering, respectively, are debuting Infactory, an AI fact-checking search engine. The […]
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Apple could launch a ring to rival Samsung by 2026, research firm predicts
Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | Reuters Apple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health. The call is part of […]
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CNBC Daily Open: Fear is the stock killer
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City. Michael M. Santiago | 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 […]
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Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve
Chairman of Foxconn Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of […]
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Google ordered to open Android app store in Epic Games trial
Character actors from the Epic Games Fortnite video game dance during the E3 Electronic Entertainment Expo in Los Angeles, on June 12, 2019. Kyle Grillot | Bloomberg | Getty Images A U.S. judge issued a permanent injunction on Monday that will force Google to offer alternatives to its Google Play store for downloading apps on […]
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Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
Check out the companies making headlines in midday trading: Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing […]
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Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
Check out the companies making headlines before the bell. Apple — Shares declined 1.4% after Jefferies downgraded the megacap tech company to hold from buy, saying near-term expectations for the iPhone 16 and 17 are too high after weaker-than-expected initial demand. Apple’s AI capabilities leading to an accelerated smartphone replacement cycle is a “premature” catalyst, […]
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As Apple enters AI race, iPhone maker turns to its army of developers for an edge
A view of Apple’s new iPhone 16 at an Apple Store on the Regent Street in London, United Kingdom on September 20, 2024. Rasid Necati Aslim | Anadolu | Getty Images As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 […]
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