Tag Archives: CNBC

Billionaire tech investor Orlando Bravo says ‘valuations in AI are at a bubble’

One key difference between the dotcom bubble and today, Bravo said, is that big companies with healthy balance sheets are financing tech startups.

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Oracle stock slips 5% on report company is seeing thin cloud margins from Nvidia chips

Oracle had 14% gross margins on $900 million in sales in its Nvidia cloud business in the three months ending in August, according to the report.

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Tesla releases driver assist tech update ahead of expected major announcement

The unveiling could be a long-awaited lower-cost model, the next-generation Roadster, or something else.

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Qualcomm acquires Italian hardware company Arduino to push deeper into robotics

Arduino’s inexpensive programmable boards are ubiquitous inside hardware startups and robotics labs for prototyping.

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Dell stock pops as company ups long-term revenue growth expectations

Dell stock popped after the company raised its long-term revenue and profit growth forecasts.

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Inside Rivian’s design factory and the story behind those distinct headlights

CNBC goes inside Rivian’s design lab in Irvine, California, where Chief Design Officer Jeff Hammoud shares how it created its adventure-driven EV lineup.

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Brad Gerstner on OpenAI’s dealmaking with AMD, Nvidia: ‘The best chips will win’

The Altimeter Capital founder said the deals provide “more evidence that the world will remain compute-constrained.”

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AppLovin stock tanks on report SEC is investigating company over data-collection practices

AppLovin has been probed by the SEC over the way it collects data, Bloomberg reported, citing people familiar with the matter.

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Figma’s stock pops as much as 16% after OpenAI CEO Altman touts ChatGPT integration

A new assistant announced by OpenAI will allow ChatGPT users to have Figma run tasks from within their conversations.

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Cerebras CEO explains IPO withdrawal, says it still intends to go public

Cerebras wants to give investors clearer information on its strategy, but CEO Andrew Feldman didn’t provide a timeline for a new filing.

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