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 on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning … Read more
It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong … Read more
My top 10 things to watch Monday, March 25 1. U.S. stock futures were slightly lower Monday morning to kick off the final week of March. All three major benchmarks crossed new all-time high levels last week and are on track for their fifth consecutive month of gains. Looking ahead this week, Friday is the … Read more
Recently, I read a terrific little book about Abraham Lincoln, called “Lincoln Reconsidered,” by Professor David Herbert Donald, and the fundamental premise behind the title was simple: If you want to go down in history as a politician who is compassionate, honest and a visionary, you have to get right with Lincoln. That’s how sainted … Read more
Logos of Super Micro Computer are pictured at one of the world’s largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. Ann Wang | Reuters Shares of Super Micro Computer dropped on Tuesday after the company announced a new share offering, taking a bite out of one of the biggest rallies tied … Read more
CNBC’s Jim Cramer on Tuesday reviewed Tuesday’s declines, saying this action doesn’t indicate a market bubble, but that stocks may be hitting their tops. “Toppy” action may not be great, he said, but it’s “much less devastating than a burst bubble.” The latter occurs when stocks climb to new highs and then fall back, while … Read more
Rafael Henrique | Lightrocket | Getty Images Super Micro Computer stock popped 20% in Monday morning trading after the company was selected on Friday to join the S&P 500. Shares of the server and computer infrastructure company have been up more than twentyfold during the last two years and over 200% since the start of … Read more
David Paul Morris | Bloomberg | Getty Images Super Micro Computer is joining the S&P 500 following a historic rally in the stock that’s pushed the company’s market cap past $50 billion. The shares, up more than 20-fold in the past two years and over 200% just since the start of 2024, climbed another 8% … Read more
Artificial intelligence doesn’t appear to be going anywhere, which is why stock in companies that stand to benefit from the technology’s rise continues to shine. Microchip giant Nvidia has been the banner name, having returned an eyewatering 1,904% over the past five years. But while Nvidia and the A.I. revolution have dominated headlines, you’d have … Read more
Job seekers attend a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department of Labor is scheduled to release initial jobless claims figures on January 11. Eric Thayer | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily … Read more
