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Technology

Supermicro, a beneficiary of the AI boom, joins the S&P 500 after its stock grew 20x+ in the past two years and 200%+ in 2024, pushing its market cap past $50B (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Supermicro, a beneficiary of the AI boom, joins the S&P 500 after its stock grew…

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Reid Hoffman leaves the nonprofit board of OpenAI, citing a desire to invest in companies using OpenAI's tech, which he says could cause a conflict of interest (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Reid Hoffman leaves the nonprofit board of OpenAI, citing a desire to invest in companies…

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Technology

A look at the Nvidia A100, a ~$10K GPU that has become a critical tool for generative AI; Nvidia has an estimated 95% market share of machine learning GPUs (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: A look at the Nvidia A100, a ~$10K GPU that has become a critical tool…

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Technology

Nvidia reports Q4 revenue down 21% YoY to $6.05B vs. $6B est., Data Center revenue up 11% YoY to $3.62B, and Q1 revenue guidance above estimates; NVDA is up 7%+ (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Nvidia reports Q4 revenue down 21% YoY to $6.05B vs. $6B est., Data Center revenue…

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Technology

Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC's planned Arizona fabs (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC’s planned Arizona…

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Technology

Salesforce reports Q3 revenue up 14% YoY to $7.84B, vs. $7.82B est., and operating cash flow down 23% YoY to $313M; stock falls 6%+ after hours (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Salesforce reports Q3 revenue up 14% YoY to $7.84B, vs. $7.82B est., and operating cash…

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Technology

Nvidia reports Q3 revenue down 17% YoY to $5.93B vs. $5.77B est., including Data Center up 31% YoY to $3.83B, and Gaming down 51% YoY to $1.57B (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Nvidia reports Q3 revenue down 17% YoY to $5.93B vs. $5.77B est., including Data Center…

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Technology

Apple plans to launch Emergency SOS with Satellite in November and invest $450M in US companies to support the infrastructure, with most going to Globalstar (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Apple plans to launch Emergency SOS with Satellite in November and invest $450M in US…

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Technology

Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38%…

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Technology

Apple stock closes up 7.56%, its best day since April 2020; it was the second-best performing stock in the Dow Jones Industrial Average behind Intel on Friday (Kif Leswing/CNBC)

[ad_1] Kif Leswing / CNBC: Apple stock closes up 7.56%, its best day since April 2020; it was the second-best…

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