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Tesla shares set to wrap strong May as Elon Musk ends time with Trump’s DOGE
Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas. CNBC Shares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in China and Europe, as the billionaire CEO promised to focus more on his businesses than politics. Tesla shares are on track […]
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China calls out Trump for ‘abuse’ of semiconductor export controls
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries. […]
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U.S. foreign tax bill sends jitters across Wall Street
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House […]
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Dell shares climb after company raises full-year profit outlook on AI demand
A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023. Brandon Bell | Getty Images Shares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter. However, Dell’s adjusted earnings per share came up short […]
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3 key takeaways from Nvidia’s earnings: China blow, cloud strength and AI future
Nvidia reported strong fiscal first-quarter earnings on Wednesday. Wall Street was pleased with Nvidia’s continued sales growth, which hit 69% during the quarter. The company’s data center division continues to surge as companies, countries, and cloud providers snap up Nvidia graphics processors, or GPUs, for artificial intelligence software. “The team continues to maintain a 1- […]
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Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters When Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name recognition. Tan spent 12 years running Cadence Design Systems and […]
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CNBC’s Inside India newsletter: India is set to be the world’s fourth-largest economy — but sustained growth will warrant more reforms
India is set to become the world’s fourth-largest economy. Dinodia Photo | Corbis Documentary | Getty Images This report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you […]
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Nvidia CEO Jensen Huang hammers chip controls that ‘effectively closed’ China market
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty Images As pleased as Wall Street was with Nvidia’s quarterly results on Wednesday, CEO Jensen Huang said the company is […]
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Nvidia reports first-quarter earnings after the bell
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia reports fiscal first-quarter earnings on Wednesday after the bell. Here’s what Wall Street is expecting, per LSEG: Earnings per share: 93 cents, adjusted Revenue: $43.31 billion Wall Street […]
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All eyes on China restrictions as Nvidia gets set to report results
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia continues to see massive growth from sales of graphics processors, with demand for artificial intelligence infrastructure showing no signs of cooling. But for the AI chipmaker, the mood […]
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