Cramer says the market can’t broaden out due to uncertainty away from tech

Cramer says the market can’t broaden out due to uncertainty away from tech

CNBC’s Jim Cramer on Thursday said it’s no secret that the market rally has been driven by a handful of tech stocks, and it’s not likely to change anytime soon. Cramer said companies like Nvidia, Apple, Microsoft, Alphabet, Amazon, Oracle and now Broadcom have been integral to the rally. Broadcom shares closed up 12% on … Read more

Netflix needs NFL Christmas games broadcast partner

Netflix needs NFL Christmas games broadcast partner

Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada.  Michael Reaves | Getty Images Netflix is trying to get ready for some football. The streaming giant has … Read more

Google ‘won’t always find mistakes’ in AI, search VP Reid tells staff

Google ‘won’t always find mistakes’ in AI, search VP Reid tells staff

Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022. Sajjad Hussain | AFP | Getty Images Google’s new head of search said at an all-hands meeting last week that mistakes will occur as artificial intelligence becomes more integrated in internet search, but that the company should keep … Read more

Blistering AI demand drives a beat and raise

Blistering AI demand drives a beat and raise

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name’s fiscal 2024 second quarter ended May 5 increased 43% year … Read more

Larry Ellison is $18 billion richer as Oracle rallies most since 2021

Larry Ellison is  billion richer as Oracle rallies most since 2021

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, putting … Read more

What we know about the next round of Covid vaccines

What we know about the next round of Covid vaccines

New vaccine COMIRNATY® (COVID-19 Vaccine, mRNA) by Pfizer, available at CVS Pharmacy in Eagle Rock, CA.  Irfan Khan | Los Angeles Times | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! It’s almost that time of the year again. A new … Read more

Oracle stock pops 10% on AI demand, new deals with Google and OpenAI

Oracle stock pops 10% on AI demand, new deals with Google and OpenAI

Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California.  Justin Sullivan | Getty Images Oracle shares jumped more than 10% on Wednesday, a day after the software company announced its fourth-quarter results and cloud deals with … Read more

Mistral AI raises $645 million at a $6 billion valuation

Mistral AI raises 5 million at a  billion valuation

French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Chesnot | Getty Images Entertainment | Getty Images Mistral AI, a French tech startup, raised a funding round of 600 million euros ($645 million), as huge … Read more

AWS to launch new infrastructure region in Taiwan as it expands in APAC

AWS to launch new infrastructure region in Taiwan as it expands in APAC

Rio de Janeiro , Brazil – 4 May 2023; Amazon Web Services branding, during day three of Web Summit Rio 2023 at Riocentro in Rio de Janeiro, Brazil. (Photo By Eóin Noonan/Sportsfile for Web Summit Rio via Getty Images) Eóin Noonan | Sportsfile | Getty Images Amazon Web Services, the cloud computing unit of the … Read more

Oracle (ORCL) Q4 earnings report 2024

Oracle (ORCL) Q4 earnings report 2024

Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite … Read more