Breaking News: Technology
Nvidia modifies H20 chip for China to overcome U.S. export controls: Reuters
Nvidia CEO, Jensen Huang, speaks during an interview on CNBC’s ‘Power Lunch’ on May 6, 2025. CNBC Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, three sources familiar with the matter told Reuters. The U.S. chipmaker […]
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Chinese chipmaker SMIC shares fall nearly 7% after earnings miss
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty Images Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% Friday after its first-quarter earnings missed estimates. After trading on […]
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Pinterest shares rise 15% on better-than-expected guidance
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Revenue: $855 […]
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Lyft shares rise as company ups buyback to $750 million
Lyft shares jumped 5% after the company boosted its share buyback plan to $750 million in its first quarter earnings report. Shares were as high as 10% post-earnings. Here’s how the ridesharing company did: Earnings: 1 cent per share Revenue: $1.45 billion vs. $1.47 billion estimate from LSEG Revenues grew 14% from a year ago […]
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Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical
Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images There’s a new member in the list of the top 10 U.S. technology companies by market cap. Data analytics software vendor Palantir jumped about […]
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These 6 portfolio names pledged big U.S. investments since Trump took office again
Many of the biggest U.S. companies have pledged to invest trillions of dollars in the United States since President Donald Trump started his second term — including six names in our portfolio. These moves are aimed at aligning companies with the president’s vision for a new global trade order designed to bring manufacturing jobs back […]
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Theranos founder Elizabeth Holmes loses bid to have appeal of fraud conviction reheard
Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, May 30, 2023. Go Nakamura | Reuters Former Theranos CEO Elizabeth Holmes on Thursday lost her bid to have an appeal of her 2022 fraud conviction reheard. The […]
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Bitcoin jumps above $100,000 for first time since February
Harun Ozalp | Anadolu | Getty Images Bitcoin on Thursday hit its highest level since February, climbing back above the key $100,000 level. The price of the flagship cryptocurrency was last higher by more than 4% at $100,801.04, according to Coin Metrics. The move began overnight after President Donald Trump first teased an announcement between […]
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Amazon adds pet prescriptions to its online pharmacy
Close-up of a hand holding a cellphone displaying the Amazon Pharmacy system, Lafayette, California, September 15, 2021. Smith Collection | Gado | Getty Images Amazon is expanding its online pharmacy to fill prescription pet medications, the company announced Thursday. The company said it has added “hundreds of commonly prescribed pet medications” to its U.S. site, […]
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Whoop launches two new wearables with 14-day battery life
Whoop member wears the new device. Courtesy of Whoop Whoop on Thursday announced two new wearable devices, Whoop 5.0 and Whoop MG, which feature sleeker hardware, a longer battery life and additional in-app health insights. Both of the company’s new devices are designed for 24/7 wear. The Whoop 5.0 and Whoop MG support 14 days […]
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