For all the hype this week heading into Nvidia ‘s earnings release and another important update on inflation, the stock action was pretty muted, especially given all the volatility this August: The S & P 500 closed up 0.24%, the Nasdaq Composite fell 0.92% and the Dow Jones Industrial Average ended up 0.94%. Within the … Read more
Chipmaking giant Nvidia reported second-quarter financial results after the closing bell on Wednesday, and the numbers were predictably impressive. The firm reported a 122% increase in sales in the quarter ending in July to go along with earnings that eclipsed Wall Street expectations. Shares were down about 6% on Thursday. It’s not often that a … Read more
A view of NVIDIA headquarters in Santa Clara of Silicon Valley, California, United States on August 28, 2024. Tayfun Coskun | Anadolu | Getty Images 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 … Read more
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and … Read more
A view of NVIDIA headquarters in Santa Clara of Silicon Valley, California, United States on August 28, 2024. Tayfun Coskun | Anadolu | Getty Images 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 … Read more
CNBC’s Jim Cramer on Thursday said he hopes Wall Street will abandon a larger-than-life view of Nvidia now that the company’s long-awaited earnings report is in the rearview mirror. Perhaps investors can now turn their attention to other worthwhile stocks that had been “lost in the Nvidia shuffle,” he said. “After this quarter, I’m hoping … Read more
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 2% in extended trading after rising more than 7% at … Read more
It’s understandable why so many investors have eyes on Nvidia — the value of its stock has soared by over 142% since the beginning of 2024. The computing company reported its second fiscal quarter earnings after the stock market’s close on Wednesday, beating analysts’ expectations, according to LSEG estimates. Nvidia reported $30.04 billion in revenue … Read more
Wayve CEO and co-founder Alex Kendall. Wayve LONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology. As part of the deal, Uber is also investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. … Read more
My top 10 things to watch Thursday, Aug. 29 1. Nvidia ‘s quarter was a mixed bag, but numbers will be up next year … production of its anticipated Blackwell chip is delayed but not destroyed, and chipmaker Advanced Micro Devices is two years behind. We’ll discuss the quarter in our morning meeting at 10:20 … Read more
