Samsung Electronics Co Ltd
CNBC Daily Open: Nvidia beating expectations isn’t enough
The Nvidia logo at Computex in Taipei, Taiwan, on June 5, 2024. Ann Wang | Reuters 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 matter where they are. Like what you see? You can subscribe here. What […]
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Morgan Stanley says a global tech downturn is a ‘near certainty’ — and shares how to position for it
Morgan Stanley says a cyclical downturn in global tech is almost certain next year. “Our base case is that a cyclical downturn is a near certainty in 2025,” it said in an Aug. 20 report, adding that it will be caused by a “likely reversal” in the rate of change of revenue growth and tight […]
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UBS reveals its most and least preferred Asian tech stocks — giving 2 over 100% upside
Asia’s tech stocks have taken a hit from the recent tech sell-off, but UBS sees promise in the sector, naming its most — and least — preferred stocks in it. “Bottom up, we do not believe the Tech outlook has dramatically changed,” the investment bank’s analysts led by Nicolas Gaudois wrote in an Aug. 6 […]
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Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the California chip designer shores up its balance sheet […]
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AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China. AMD was among the morning’s big winners with shares up more than 9% in U.S. premarket trading after the company reported a top and […]
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CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks’ same-store sales decline
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 matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, […]
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Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
Samsung in July released the Galaxy Ring, the South Korean tech giant’s first foray into smart rings. The $399.99 device has sensors that can track various health metrics like sleep quality, linking up with Samsung’s smartphones and smartwatch. Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is […]
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Generative AI requires massive amounts of power and water, and the aging U.S. grid can’t handle the load
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate enough electricity for the widespread adoption of AI, and whether our […]
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U.S. Secretary of Commerce talks domestic chip production: ‘There’s no place to be reckless here or play politics’
In a Thursday interview with CNBC’s Jim Cramer, U.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production and said the country is on track to meet its end-of-decade goal. “My boss, President Biden, has been crystal clear on this topic, and I think there’s no place to be reckless here or […]
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Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
TM Roh, the head of Samsung’s mobile business, talked about the company’s new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. Arjun Kharpal | CNBC In a swanky downtown Paris hotel, Samsung Electronics’ mobile […]
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