Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Microsoft fired back at Delta Air Lines on Tuesday accusing the carrier of not modernizing its technology before it canceled thousands of flights in the wake of last month’s global massive IT … Read more
In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Even better was a big revenue guide and a broader vision from CEO Jensen Huang that reinforced the notion that companies and countries are partnering with the AI chip powerhouse to shift $1 trillion … Read more
Nvidia‘s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. … Read more
Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Figma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion. That’s up … Read more
Andreas “Andy” Von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West television interview in San Francisco, California, U.S., on Thursday, May 2, 2013. David Paul Morris | Bloomberg | Getty Images Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, has reached a settlement with the SEC on insider trading charges … Read more
Recently, I read a terrific little book about Abraham Lincoln, called “Lincoln Reconsidered,” by Professor David Herbert Donald, and the fundamental premise behind the title was simple: If you want to go down in history as a politician who is compassionate, honest and a visionary, you have to get right with Lincoln. That’s how sainted … Read more
Tesla CEO, Elon Musk (L), and Nvidia CEO, Jensen Huang (R). Reuters In November 2023, at an all-hands meeting with employees, Nvidia CEO Jensen Huang was asked whether the company would follow the lead of Apple and Disney and suspend its advertising on X due to rising levels of antisemitism and other hate speech on … Read more
When Nvidia CEO Jensen Huang took the stage Monday at the chipmaker’s hyped-up artificial intelligence conference, he joked to the thousands of attendees packed into the arena that this was “not a concert.” In a literal sense, Huang was right. But that didn’t stop him from using his two-hour keynote address to cement Nvidia’s status … Read more