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Saudi Arabia wants to be world’s third-largest AI provider after the U.S. and China, Humain CEO says
World

Saudi Arabia wants to be world’s third-largest AI provider after the U.S. and China, Humain CEO says

Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | Reuters Saudi Arabia is on the road to making data its new oil — if artificial intelligence and data center company Humain gets its way. The company, owned […]

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Stocks making the biggest moves premarket: Kohl’s, MongoDB, Canada Goose, Cracker Barrel and more
Finance

Stocks making the biggest moves premarket: Kohl’s, MongoDB, Canada Goose, Cracker Barrel and more

Check out the companies making headlines before the bell: MongoDB — The database platform developer soared 30% after its latest results beat Wall Street analysts’ estimates. MongoDB reported adjusted earnings of $1 per share on revenue of $591 million, above the consensus as compiled by LSEG of 66 cents per share on revenue of $556 […]

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China Nvidia rival Cambricon adds to  billion rally with 4,000% revenue jump
Technology

China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump

China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firm Cambricon posted record profit in the first half of the year underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry. Cambricon is among a plethora of […]

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European stocks rebound as traders eye Nvidia earnings
World

European stocks rebound as traders eye Nvidia earnings

European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia. The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon. Its value has soared in recent […]

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CNBC Daily Open: Big M&A activity returns to the U.S. — but the deal-maker is the White House
World

CNBC Daily Open: Big M&A activity returns to the U.S. — but the deal-maker is the White House

U.S. President Donald Trump in the Cabinet Room of the White House on Aug. 26, 2025 in Washington, D.C. Chip Somodevilla | Getty Images It’s starting to feel like we’re in a game of Pac-Man, in which the U.S. government is the eponymous hungry yellow blob furiously chomping on everything in sight. The White House’s […]

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Stock futures little changed ahead of Nvidia earnings: Live updates
World

Stock futures little changed ahead of Nvidia earnings: Live updates

Traders work on the floor at the New York Stock Exchange in New York City, U.S., August 26, 2025. Brendan McDermid | Reuters Stock futures were flat early Wednesday as investors turn their eyes to Nvidia earnings, which could be a make-or-break moment for the bull market. Futures tied to the Dow Jones Industrial Average, […]

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French stocks slide as Paris government faces risk of collapse
World

French stocks slide as Paris government faces risk of collapse

European stock markets retreated on Tuesday morning, pulled down by French equities as traders monitored the potential for a no confidence vote in the government next month. France’s CAC 40 index plummeted more than 2% in early deals before paring losses to around 1.75%. The country’s three main opposition parties said they would not back a […]

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CNBC Daily Open: The White House might need a rebranding exercise in the corporate world
World

CNBC Daily Open: The White House might need a rebranding exercise in the corporate world

U.S. President Donald Trump looks on during the signing of executive orders in the Oval Office at the White House in Washington, D.C., on Aug. 25, 2025. Jonathan Ernst | Reuters “State-owned enterprise” is a term you wouldn’t normally bandy about when mentioning the United States — especially not with the country’s Republican party, which […]

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CNBC Daily Open: U.S. wants equity in private businesses — staking its reputation
World

CNBC Daily Open: U.S. wants equity in private businesses — staking its reputation

U.S. President Donald Trump wears a ‘Trump Was Right About Everything!’ hat, in the Oval Office at the White House in Washington, D.C., U.S., August 22, 2025. Jonathan Ernst | Reuters “State-owned enterprise” is a term you wouldn’t normally bandy about when mentioning the United States — especially not with the country’s Republican party, which […]

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Nvidia’s Huang says buying TSMC’s stock is ‘very smart.’ The pros share their take
World

Nvidia’s Huang says buying TSMC’s stock is ‘very smart.’ The pros share their take

Taiwanese chipmaker Taiwan Semiconductor Manufacturing Co made headlines last week following Nvidia CEO Jensen Huang’s remarks that buying its stock would be “very smart. ” “Well, first of all, I think TSMC is one of the greatest companies in the history of humanity, and anybody who wants to buy TSMC stock is a very smart […]

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