NVIDIA Corp
Arm shares spike soon after chip designer gives sturdy forecast, claims AI is raising sales
Arm will make the CPU architecture for chips discovered in virtually all smartphones. An Arm chip is revealed in this article in San Jose, California, on October 12, 2023. Sydney Boyo Arm reported fiscal third-quarter earnings that conquer estimates and gave a solid gain forecast for the recent quarter. The shares soared a lot more […]
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Wall Street says Big Tech needs to take a breather after huge run. Here's our take
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks were mixed Tuesday, on a muted performance from Big Tech. Citigroup strategists warned that tech stocks may stall out after monstrous gains. “The large consensus positioning is […]
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Tech's longtime highfliers are growing up by getting smaller
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While […]
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Tech execs are telling traders they have to commit revenue to make dollars on AI
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Synthetic Intelligence (AI) Insight Discussion board at the US Capitol in Washington, DC, on September 13, 2023. Mandel Ngan | AFP | Getty Photos It was a massive week for tech earnings, with Microsoft, Meta, Alphabet, Amazon and Apple all reporting around the past couple days. Artificial […]
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January was great for stocks — here are our top 5 performers for the month
Benchmark gauges notched all-time highs as stocks charged through a busy earnings season. Source
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AI lobbying spikes virtually 200% as calls for regulation surge
Artificial intelligence-relevant lobbying achieved new heights in 2023, with more than 450 organizations collaborating. It marks a 185% boost from the calendar year in advance of, when just 158 companies did so, in accordance to federal lobbying disclosures analyzed by OpenSecrets on behalf of CNBC. The spike in AI lobbying comes amid rising calls for […]
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AMD bets on AI-run PCs as artificial intelligence race with Nvidia, Intel heats up
SHANGHAI, CHINA – JULY 28, 2023 – Photograph taken on July 28, 2023 displays the AMD brand at the 2023 ChinaJoy in Shanghai, China. CFOTO | Potential Publishing | Getty Images U.S. chip huge Superior Micro Gadgets is betting on AI PCs to consider on rivals including Nvidia and Intel as the AI race heats […]
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Mark Zuckerberg suggests Meta will 'retain things lean,' going big in AI with a lid on using the services of
Meta founder and CEO Mark Zuckerberg speaks throughout the Meta Hook up occasion at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Photos Mark Zuckerberg is so happy with his “calendar year of performance” that he is extending it indefinitely. On Thursday’s earnings contact, right after Meta […]
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Amazon cloud unit speeds up profits development as shoppers undertake AI solutions
Amazon Website Products and services CEO Adam Selipsky speaks at the CERAWeek by S&P Worldwide meeting in Houston, Texas, on March 7, 2023. F. Carter Smith | Bloomberg | Getty Images Amazon claimed on Thursday that its cloud division grew revenue 13% yr about calendar year in the fourth quarter, just in line with analysts’ […]
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'The Davos underground': A final take on the secretive parties of the world's rich and powerful
Countries and companies rent out storefronts on the Promenade in Davos, Switzerland during the World Economic Forum CNBC DAVOS, Switzerland — For as long as countries and companies have rented out chalets and storefronts on the Promenade of the small Swiss ski village that hosts the World Economic Forum, ancillary programming hosted beyond the reaches […]
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