Apple Inc
Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’
Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big […]
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Warren Buffett did something curious with his Apple stock holding
In this article BRK.A KO AAPL Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC A coincidence or master plan? Warren Buffett now owns the exact same number of shares of Apple as he does Coca-Cola after slashing the tech […]
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Warren Buffett’s Berkshire Hathaway builds new stakes in Ulta Beauty, Heico
Warren Buffett’s Berkshire Hathaway took small stakes in beauty retailer Ulta Beauty as well as electronics and aerospace firm Heico last quarter, according to its latest 13F regulatory filing . The Omaha-based conglomerate unveiled a $266 million bet in Ulta Beauty and a $186 million stake in Heico. The positions are relatively minor for Berkshire, […]
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Google’s live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users
During Google’s Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company’s new AI assistant, Gemini. Things got awkward right after the presenter told the audience, “all the demos today are live, by the way.” In front of a big crowd of […]
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Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom
Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted “strong growth momentum” from the technology boom. The Taiwanese company, the world’s largest contract electronics maker, said net profit for the […]
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CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
Traders work on the floor of the New York Stock Exchange during morning trading on June 12, 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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Google launches first AI-powered Android update and new Pixel 9 phones
Google announced its first smartphone fully powered by its AI “Gemini” system. Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google aims to put its AI in front of consumers before Apple, which will launch […]
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Tuesday’s big stock stories: What’s likely to move the market in the next trading session
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in […]
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Podcast: Japan’s quest for the most powerful microchip leads semiconductor revival
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC, the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is key in areas like design. […]
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‘We haven’t seen the bottom in this correction’: Dan Niles names 2 tech stocks to ride out a potential recession
Hedge fund manager Dan Niles is betting on Apple and Meta Platforms as two stocks that can ride out a potential U.S. recession. Niles, who runs an actively managed fund of 20 to 40 large-cap U.S. stocks at Niles Investment Management , stressed that while a recession is not his base case scenario, investors should […]
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