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Tag Archives: CNBC
Super Micro stock sinks 20% after earnings, outlook disappoint
CEO Charles Liang said the company is taking steps to “reduce the impact” of President Donald Trump’s tariffs.
AMD stock slumps 5% on earnings miss, China AI chip concerns
The chipmaker fell short of earnings expectations and raised concerns about the timing of a restart in China shipments.
Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’
The company, which provides software for small businesses, also gave strong guidance for the third quarter.
Uber beats on revenue, announces $20 billion stock buyback
Uber’s revenue climbed 18% from a year earlier, topping analysts’ estimates.
Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month
Elon Musk said the new Full Self-Driving model will have a larger parameter size and improved video performance.
U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China
Two Chinese nationals in California have been charged with the illegal shipment of tens of millions of dollars’ worth of AI chips, including those from Nvidia.
Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’
Opendoor shares soared 245% in July and got off to a hot start in August as retail investors poured into the online real estate company.
Super Micro shares plunge 15% on weak results, disappointing guidance
The server maker’s business is still getting a big boost from artificial intelligence, but growth is slowing.
Hinge Health stock pops 6% after first quarterly report since IPO
The company reported quarterly results for the first time since its debut on the New York Stock Exchange in May.
AMD reports weaker-than-expected earnings even as revenue tops estimates
AMD, which is second in the market for AI graphics processing units, is grappling with chip export controls.