Top 10 things to watch Thursday, Oct. 24 CNBC’s Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. 1. The S & P 500 was trying to break a three-session losing streak. Stocks were given some relief from lower bond yields, which have been recently rising despite the Fed’s monetary easing. Bond…
By Arsheeya Bajwa MUMBAI (Reuters) – Nvidia’s (NVDA) leather-jacket-clad CEO Jensen Huang got a rock star welcome at the company’s AI summit in India on Thursday, with passes sold out and tech enthusiasts spending thousands of rupees to travel to the event. The reception Huang received in India’s commercial capital Mumbai was reminiscent of the…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: I have never been one to have a cluttered desk at work. To me, everything has a place. Awesome desk organization, awesome outcomes, is how my head works. But I broke this rule…
Topline Fresh off of a record closing high, Nvidia stock slid Tuesday as part of a semiconductor chip stock slump with an unusual impetus: A less-than-stellar earnings release from a Dutch company which accidentally came out earlier than expected. Nvidia stock struggled Tuesday. Getty Images Key Facts Nvidia shares fell 5% by late afternoon, wiping…
My top 10 things to watch Thursday, Oct. 10 1. Wall Street was lower after data on September inflation and weekly initial jobless claims both came in worse than expected. The S & P 500 and Dow each closed Wednesday’s session at record highs and were sitting on solid gains for the week. The Nasdaq…
Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia, according to two sources familiar with the matter, as alternative suppliers on the mainland look to catch up with the US tech giant. While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit (GPU),…
Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been “insane.” In an interview with CNBC on Wednesday after the market close, Huang confirmed the chips are in “full production” despite recent design issues that caused some delays in customer rollouts. “Blackwell…
More than a dozen tech billionaires on The Forbes 400 sold more than $15 billion worth of stock so far this year, with one person counting for more than half. Here’s who sold the most. By Phoebe Liu, Forbes Staff In November of last year, Amazon founder Jeff Bezos announced a move from Washington to…
Artificial Intelligence (AI) prodigy Nvidia (NVDA), the world’s third-highest-valued stock, experienced a material decline in market capitalization following its Q2 earnings in late August. However, NVDA stock has shown some vigor again, rising 5% in the last week. After temporarily surpassing the $3 trillion milestone earlier this year, investors are wondering what the future will…
Institutional portfolios will continue to underperform due to a lack of adequate exposure to Nvidia and other winning technology names, UBS warned. Strategist Patrick Palfrey told clients that large-cap managers have 4.4% exposure to Nvidia, despite the artificial intelligence darling accounting for 6.6% of the S & P 500 . That is the biggest underweight…