Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As the primary beneficiary of the artificial intelligence boom, Nvidia has … Read more
Jakub Porzycki | Nurphoto | Getty Images The nearly 30% drop in shares of Chinese online retailer PDD Holdings is “too much of a correction,” according to Shaun Rein, founder and managing director of the China Market Research Group. Speaking to CNBC’s “Street Signs Asia,” Rein said the “panic was overblown last night,” and that … Read more
CNBC’s Jim Cramer reviewed Monday’s high and low performers and told investors weakness in the tech sector is not enough to warrant buying just yet. “At this point, there’s going to be a lot more Nasdaq weakness. So, please be ready to do some buying, but just not yet,” he said. “Too early in the … Read more
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. In … Read more
Zoom In IconArrows pointing outwards User wearing Stelo CGM from Dexcom. Courtesy of Dexcom Dexcom on Monday announced its new over-the-counter continuous glucose monitor Stelo is officially available for purchase in the U.S. Glucose is a type of sugar people receive from food, and it’s the body’s main source of energy. Continuous glucose monitors, or … Read more
On Aug. 5, we awoke to a market upside-down. Japanese stocks, so strong this year, had crashed, literally crashed, down 12%, a hideous decline, worst since 1987. Oddly, there was nothing wrong. The yen had strengthened, forcing investors who had borrowed yen to buy our stocks and others around the world to put up more … Read more
Customers have come to expect when they order something online, it arrives in two days or less. But with increasing adverse weather events like Houston’s heatwaves, Florida’s hurricanes and other extreme storms, it’s getting harder to ensure fast delivery. Many logistics companies have warned about shipping delays due to extreme weather. Weather-related supply chain disruptions … Read more
Inside a sprawling lab at Google headquarters in Mountain View, California, hundreds of server racks hum across several aisles, performing tasks far less ubiquitous than running the world’s dominant search engine or executing workloads for Google Cloud’s millions of customers. Instead, they’re running tests on Google’s own microchips, called Tensor Processing Units, or TPUs. Originally … Read more
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the “Microsoft Build: AI Day” event in Bangkok, Thailand, May 1, 2024. Chalinee Thirasupa | Reuters Microsoft on Wednesday updated quarterly revenue guidance for its three business segments in a shift that stands to give investors better visibility into the software maker’s growing cloud … Read more
Amazon needs to make more money from its retail business at a time when the bar is already high and short-attention-span consumers are looking for bigger and better bargains. Starting in 2025, “the retail business has big shoes to fill from [Amazon Web Services],” research firm MoffettNathanson wrote in a Wednesday note to investors. The … Read more
