Tag Archives: CNBC

Nvidia’s beat and raise should wow even its most hardened critics, and the stock soars

Talk about a strong showing.

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Nvidia CEO Jensen Huang rejects talk of AI bubble: ‘We see something very different’

During Nvidia’s quarterly earnings call, CEO Jensen Huang offered a three-pronged argument to suggest that AI isn’t a bubble.

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Asian chip names rally as Nvidia forecasts hotter-than-expected sales after earnings beat

Asian chip stocks rose in early trading after American AI chip darling Nvidia beat earnings expectations in a strong sign for AI demand.

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Nvidia says there’s ‘no assurance’ of final agreement with OpenAI despite $100 billion pact

Two months after announcing its blockbuster $100 billion agreement with OpenAI, Nvidia said in its quarterly report that an official deal is not guaranteed.

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Palo Alto tops earnings expectations, announces Chronosphere acquisition

The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion.

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Elon Musk’s xAI will be first customer for Nvidia-backed data center in Saudi Arabia

Nvidia and xAI said a data center being built in Saudi Arabia and equipped with hundreds of thousands of Nvidia chips will count xAI as its first customer.

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Meta chief AI scientist Yann LeCun is leaving to create his own startup

Meta chief AI scientist Yann LeCun is leaving the company, marking an end of an era of pioneering computer science research at the Facebook parent.

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Block’s stock pops 9% on gross profit forecast, 3-year financial outlook

Block laid out long-term financial targets, projecting annual gross profit growth in the mid-teens through 2028.

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Kraken confidentially files for IPO following $800 million raise

Kraken confidentially filed with federal regulators to go public in the U.S. after recently raising $800 million at a $20 billion valuation.

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OpenAI rolls out ‘ChatGPT for Teachers’ for K-12 educators and districts

ChatGPT for Teachers will be free to K-12 educators in the U.S. through June 2027

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