A Texas Instruments sign in Dallas, June 14, 2023. Katie Tarasov Elliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in Texas Instruments and is urging the company to improve its free cash flow by adapting a less rigid plan for capital expenditures. In a 13 … Read more
Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. David Paul Morris | Bloomberg | Getty Images Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a … Read more
A jury in December found that Google broke US antitrust laws through deals and billing rules that gave an unfair boost to its Google Play app store. On Thursday, a judge began laying out how Google could be forced to change its business as a penalty. The remedies under consideration could drive the most consequential … Read more
Nvidia‘s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. … Read more
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Nvidia reports fiscal first-quarter earnings on Wednesday after the bell. Here’s what Wall Street expects, per LSEG consensus estimates: Earnings … Read more
Nvidia founder and CEO Jensen Huang displays products on-stage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on March 18, 2024. Josh Edelson | Afp | Getty Images At the start of last week, OpenAI’s technology chief personally thanked Nvidia CEO Jensen Huang for “bringing us the most … Read more
Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft‘s Build developer conference kicks off on Tuesday, giving the company the opportunity to showcase its latest artificial intelligence projects, following high-profile events this month hosted … Read more
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell shares rose more than 11% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would … Read more
Apple’s new iPad Pro comes in two sizes, and starts at $999. It also has a new add-on case called Smart Keyboard that makes it feel like a laptop. Apple‘s new iPad Pro and iPad Air models launch Wednesday. I’ve been testing the new iPad Pro for several days and what I found is that … Read more
Tile Sticker and Apple AirTag Todd Haselton | CNBC Apple and Google announced Monday that updated iPhones and Android phones will show alerts warning users that there is a wireless location tracking device nearby, in case the user wasn’t aware they were being tracked and wants to stop it. The move is the latest sign … Read more
