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Tag Archives: CNBC
Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
SK Hynix on Thursday said that a continuous rise in overall prices of its memory products led to a 32% increase in revenue compared with the previous quarter.
Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs
With the launch of the first spot ether ETFs this week, crypto firm Grayscale faces a new competitive threat.
IBM shares jump on earnings and revenue beat
IBM reported better-than-expected results for the second quarter, and the company said it’s seeing more business tied to generative artificial intelligence.
Tesla shares fall 7% in premarket trading after earnings miss
Tesla shares fell more in premarket trading in the U.S. after it reported second-quarter earnings that missed expectations.
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI’s software, named Grok, into its vehicles.
Tesla’s profit margin is getting hammered by EV discounts and hefty AI spending
Tesla’s adjusted operating margin shrank to its lowest in three years in the second quarter, contributing to a plunge in the stock price.
Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses.
How CrowdStrike caused a global IT meltdown and what comes next
In the latest episode of CNBC Tech’s “Beyond the Valley” podcast, Arjun Kharpal and Tom Chitty discuss the CrowdStrike IT failure.
Alphabet to invest $5 billion in self-driving car unit Waymo
Alphabet’s extra $5 billion investment in Waymo comes after steady growth in revenue and citywide expansions.
Lyft president Kristin Sverchek to exit on Aug. 20
The ride-hailing company said Sverchek’s exit is not due to disagreement within the company, its board of directors or management.