Tag Archives: CNBC

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.

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Snap shares plummet 15% after weak second quarter revenue metric

Snap reported second-quarter earnings in which sales were basically in line with analysts’ estimates while global average revenue per user missed expectations.

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Nvidia says its AI chips don’t have a ‘kill switch’ after Chinese accusation

The statement is an example of how Nvidia is navigating becoming a center of geopolitical conflict.

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Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record

Shares of the cryptocurrency trading platform have collapsed since notching a record on July 18.

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Axon jumps 14% after TASER maker tops results and boosts outlook on security needs

Axon Enterprise’s stock popped 14% after the TASER maker topped Wall Street’s estimates and boosted its outlook due to robust demand for its security solutions.

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Former X CEO Linda Yaccarino takes helm at digital health company eMed

Yaccarino stepped down as CEO of Elon Musk’s social media platform X in July.

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Palantir stock pops 8% after blowout quarter driven by AI, efficiency demand

Palantir shares popped more than 8% after the software analytics provider lifted its full-year outlook, benefitting from ongoing AI tailwinds.

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Tesla co-founder JB Straubel is using old EV batteries to power AI data centers

As demand for energy skyrockets amid the rise of AI, one of Tesla’s co-founders is betting on a new solution: giving old EV batteries a second life.

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Palo Alto CEO Nikesh Arora confronts Wall Street skeptics after company’s biggest bet yet

Palo Alto Networks’ market cap has increased sixfold since Nikesh Arora joined as CEO in 2018, but not all investors are sold on his latest deal.

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World’s largest chipmaker TSMC says it has discovered potential trade secret leaks

TSMC dominates the market for the manufacturing of the most advanced chips on the planet and counts major firms like Apple and Nvidia as clients.

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