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CNBC Daily Open: Countries want to strike deals with U.S. — but are also making them without it
U.S. President Donald Trump holds a meeting of the Fifa Task Force at the White House in Washington, D.C., U.S., May 6, 2025. Kent Nishimura | Reuters After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent days. Indeed, […]
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Tech giant Seagate sees hard drive capacity tripling by 2030 on booming AI demand
Seagate Technology’s headquarters in Scotts Valley, California. Tony Avelar | Bloomberg | Getty Images Data storage firm Seagate is working to develop a 100-terabyte hard drive by 2030, touting blistering demand from data centers for the 70-year-old technology in the artificial intelligence boom. BS Teh, Seagate’s chief commercial officer, told CNBC that the company is […]
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CNBC Daily Open: Trump says the U.S. doesn’t need a trade deal — the UK and India have made one without it
U.S. President Donald Trump speaks during a rally at Macomb Community College on April 29, 2025, at Warren, Michigan, U.S. Scott Olson | Getty Images News | Getty Images After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent […]
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AMD earnings beat as overall sales surge by 36%
Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025. Benoit Tessier | Reuters Advanced Micro Devices reported first fiscal quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current quarter revenue. Shares of AMD rose in extended trading more than […]
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Super Micro issues weak guidance, cites ‘economic uncertainty and tariff impacts’
Charles Liang, CEO of Super Micro, speaks at the HumanX AI conference at in Las Vegas on March 10, 2025. Big Event Media | HumanX Conference | Getty Images Super Micro issued disappointing guidance on Tuesday, a week after the server maker provided preliminary results for the latest quarter that fell far shy of Wall […]
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Nvidia CEO says being locked out of China AI market would be ‘tremendous loss’
Nvidia CEO, Jensen Huang, speaks during an interview on CNBC’s ‘Power Lunch’ on May 6, 2025. CNBC Nvidia CEO Jensen Huang said on Tuesday that China’s artificial intelligence market will likely reach about $50 billion in the next two to three years, and that missing out on it would be a “tremendous loss.” Huang said […]
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Australia stocks open flat as investors assess trade developments in Asia-Pacific
SHANGHAI, CHINA – APRIL 29: Pedestrians walk by lampposts decorated with Chinese national flags prior to May Day holiday on April 29, 2025 in Shanghai, China. (Photo by Wang Gang/VCG via Getty Images) Vcg | Visual China Group | Getty Images Australia stocks opened flat Tuesday as investors assessed trade developments between the U.S. and […]
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Stocks making the biggest moves midday: Apple, Instacart, Nvidia, Block and more
Check out the companies making headlines in midday trading: Duolingo — Shares soared more than 18% after the language learning app guided toward a better-than-expected revenue forecast. Duolingo estimates second-quarter revenue will come in between $239 million and $242 million, while analysts polled by LSEG expected $234 million. Full-year revenue is expected to come in […]
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Hong Kong stocks lead gains in Asia as China evaluates possibility of trade talks with the U.S.
Hongdae street in Seoul city, South Korea Twenty47studio | Moment | Getty Images Asia-Pacific markets rose after China said that it was evaluating possible trade talks with the U.S. Markets in the region also trailed gains on Wall Street after all three key benchmarks advanced overnight on optimism that a slowdown in the global economy […]
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CNBC Daily Open: Apple and Amazon beat expectations, but not all’s rosy underneath
A person walks by the Apple store on Fifth Avenue in New York City, U.S., May 1, 2025. Kylie Cooper | Reuters For the quarter that ended in March, Apple and Amazon reported top- and bottom-line numbers that beat analysts’ expectations, joining their fellow “Magnificent Seven” counterparts Alphabet, Microsoft and Meta Platforms on the podium. […]
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