Tag Archives: CNBC

OpenAI spearheads one of Europe’s biggest data centers with 100,000 Nvidia chips

OpenAI said it is launching a Stargate AI data center in Norway which will be designed and built by Nscale and Aker.

Posted in Tech | Tagged | Comments Off on OpenAI spearheads one of Europe’s biggest data centers with 100,000 Nvidia chips

Nvidia’s China-bound H20 AI chips face Beijing scrutiny over ‘tracking’ and security concerns

Nvidia met with Beijing officials on Thursday regarding potential national security risks posed by the resumption of its H20 chip exports to the country.

Posted in Tech | Tagged | Comments Off on Nvidia’s China-bound H20 AI chips face Beijing scrutiny over ‘tracking’ and security concerns

Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud

The Boring Company is calling its 10-mile Nashville project the Music City Loop.

Posted in Tech | Tagged | Comments Off on Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud

Samsung second-quarter profit more than halves, missing expectations, weighed by slump in chip business

Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.

Posted in Tech | Tagged | Comments Off on Samsung second-quarter profit more than halves, missing expectations, weighed by slump in chip business

Meta’s big AI spending blitz will continue into 2026

Meta CEO Mark Zuckerberg plans to continue his company’s artificial intelligence spending blitz well into the next year as rival tech giants do the same.

Posted in Tech | Tagged | Comments Off on Meta’s big AI spending blitz will continue into 2026

EBay stock surges on earnings beat, rosy guidance

EBay reported better-than-expected earnings and revenue in its quarterly report.

Posted in Tech | Tagged | Comments Off on EBay stock surges on earnings beat, rosy guidance

Figma prices IPO at $33, above expected range

Software developer Figma is poised to debut on the New York Stock Exchange on Thursday, becoming the latest high-profile tech company to go public.

Posted in Tech | Tagged | Comments Off on Figma prices IPO at $33, above expected range

Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club

Based on its post-market trading, Microsoft has become the world’s second $4 trillion company following quarterly earnings.

Posted in Tech | Tagged | Comments Off on Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club

Arm shares dip 8% on revenue miss

The company reported revenue that missed analysts’ expectations.

Posted in Tech | Tagged | Comments Off on Arm shares dip 8% on revenue miss

Qualcomm beats on earnings, highlights growth in Meta smartglasses

Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guidance.

Posted in Tech | Tagged | Comments Off on Qualcomm beats on earnings, highlights growth in Meta smartglasses