Nvidia CEO Jensen Huang on Tuesday brushed off a media report that said Oracle is seeing thin margins on its business of renting out Nvidia chips to customers. Oracle is “going to do incredibly well,” Huang said in an interview with Jim Cramer at the CNBC Investing Club’s Monthly Meeting, which was held Tuesday afternoon…
We are selling 25 shares of Salesforce at roughly $247.71. Following the trade, Jim Cramer’s Charitable Trust will own 200 shares of CRM, decreasing its weighting to around 1.3% from about 1.5%. Salesforce shares rose 3% in afternoon trading on Monday after OpenAI announced that Slack — the communication and collaboration platform owned by Salesforce…
Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday. Andrew Harnik | Getty Images News | Getty Images Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported Monday. Armstrong will lead the finance operations for both xAI and social media platform…
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Investor Brad Gerstner cautioned Monday that OpenAI‘s deals with Nvidia and AMD are purely announcements, not deployments. “Now we will see what gets delivered,” the Altimeter Capital founder told CNBC. “Ultimately,…
The U.S. Supreme Court declined on Monday to halt key parts of a judge’s order requiring Alphabet’s Google to make major changes to its app store Play, as the company prepares to appeal a decision in a lawsuit brought by “Fortnite” maker Epic Games. The justices turned down Google’s request to temporarily freeze parts of…
BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said. Cfoto | Future Publishing | Getty Images Chinese electric carmaker BYD sold 11,271 cars in the U.K. last month, the company said on Monday, representing year-on-year growth of 880%….
Day three of the federal government shutdown came and went Friday, with no end in sight. The stock market saw more all-time highs before the rally ran out of steam. The S & P 500 on Friday eked out a fractional gain for its 29th record-high close since the market’s tariff lows in early April….
The much-needed modernization of the U.S. Army’s battlefield communications network being undertaken by Anduril, Palantir and others is rife with “fundamental security” problems and vulnerabilities, and should be treated as a “very high risk,” according to a recent internal Army memo. The two Silicon Valley companies, led by allies of U.S. President Donald Trump, have gained access to the Pentagon’s…
Retail investors should stay the course on Apple stock despite a new Wall Street downgrade , according to Jim Cramer. “People at home, I urge you not to listen,” Jim said Friday, in response to Jefferies analyst Edison Lee cutting the iPhone maker’s shares to underperform, a sell equivalent rating, from hold. “I think owning…
Amazon founder Jeff Bezos speaks with John Elkann, CEO of Exor and chairman of Ferrari at Italian Tech Week on October 3, 2025. Arjun Kharpal | CNBC TURIN, Italy — Artificial intelligence is currently in an “industrial bubble” but the technology is “real” and will bring big benefits to society, Amazon Founder Jeff Bezos said…