Software
TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market […]
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Microsoft reportedly drops its observer seat on OpenAI board amid regulatory scrutiny
Jaap Arriens | Nurphoto | Getty Images Microsoft reportedly said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S. Microsoft’s Deputy General Counsel Keith Dolliver wrote a letter to OpenAI late Tuesday, according to multiple media reports, saying that the […]
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Tesla up an additional 3% in premarket buying and selling following greater-than-anticipated deliveries report
A row of Tesla superchargers is proven at a supercharging locale in Los Angeles on June 5, 2024. Mike Blake | Reuters Tesla shares saw additional gains in premarket investing Wednesday, just after leaping 10% in the past session next the release of second-quarter vehicle generation and deliveries figures that beat analyst anticipations. The firm’s inventory […]
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Progress, price stocks could see strengthen from Russell rebalancing
ETF Edge Advancement, value stocks could see increase from Russell rebalancing Published Sat, Jun 29 202411:00 AM EDT Ellie Stevens@elliestevens02 Check out Reside Source
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Masimo activist Politan presents ‘last chance’ for shareholders to force change at med-tech company
Founder and CEO of Masimo, Joe Kiani addresses a press conference in Bangalore on January 2, 2017. Manjunath Kiran | AFP | Getty Images Despite voting for change at last year’s annual meeting, shareholders in medical device maker Masimo have seen their governance concerns go largely unresolved, according to activist investor Politan Capital Management. With […]
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U.S. chip curbs in Middle East just ‘business as common,’ Ooredoo CEO claims immediately after Nvidia offer
Jakub Porzyck | Nurphoto | Getty Photographs Qatari telecoms supplier Ooredoo informed CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. polices and will however make it possible for it to have obtain to the most up-to-date technologies. Ooredoo previously this week signed a partnership with Nvidia, marking the chipmaker’s first […]
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Neuralink competitor Paradromics gears up to test its brain implant on humans
Neurotech start-up Paradromics will be trialing its brain implant next year, as the race to be the leader in the nascent brain-computer interface (BCI) space heats up. “The brain is a super fascinating organ. We have about 85 billion neurons and every neuron is a million times slower than a computer chip. And yet, the […]
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Adobe shares surge 15%, head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates. After the bell on […]
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Here are 9 stocks that can benefit from Fed interest rate cuts
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the […]
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Apple WWDC live updates: OpenAI partnership, new Iphone computer software and far more envisioned
Apple‘s about to kick off its yearly Around the globe Developer’s Meeting the place it’s envisioned to announce its plans for AI. The enterprise is envisioned to announce a partnership with OpenAI and reveal “Apple Intelligence,” according to the latest reports from Bloomberg. WWDC 2024 begins at 10 a.m. Pacific/1 p.m. Eastern. We will also […]
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