Every weekday, the CNBC Investing Club, led by Jim Cramer, conducts a “Morning Meeting” livestream at 10:20 a.m. ET. Let’s review the key moments from Monday’s session: 1. U.S. stocks saw a rise on Monday, although August continues to be challenging. Nvidia (NVDA), which has been experiencing a downturn recently, experienced a 5.5% surge at …
A stock photo of a processor unit, with the flags of the United States and China to illustrate the escalating global race for technology supremacy between the two largest economies in the world. Blackdovfx | Istock | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open …
Inside an unmarked office building in Austin, Texas, a team of Amazon employees is hard at work designing two cutting-edge microchips, Inferentia and Trainium, specifically tailored for training and accelerating generative AI. These custom chips offer a viable alternative to Nvidia GPUs, which have become increasingly difficult and expensive to obtain, giving AWS customers a …
Nvidia’s CEO Jensen Huang recently spoke at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Following a market route in tech stocks last year, most of the industry’s big names have rebounded in 2023. However, Nvidia has surpassed them all in performance. Due to their dominance in artificial intelligence …
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Aly Song | Reuters Take a look at the trending companies during midday trading. News Corp — The media company’s shares rallied nearly 4% after exceeding earnings expectations in the fiscal fourth quarter. News Corp reported adjusted earnings …
An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | Reuters Market participants are excessively confident about their ability to accurately predict the long-term effects of artificial intelligence, according to Mike Coop, the chief investment officer at Morningstar Investment Management. Despite a …
Nvidia president and CEO Jensen Huang delivered an intriguing speech at the COMPUTEX forum in Taiwan, stating that “Everyone is a programmer. Now, you just have to say something to the computer.” Sopa Images | Lightrocket | Getty Images Nvidia has unveiled its latest AI chip, the GH200, in a bid to maintain its dominance …
Advanced Micro Devices needs India to keep up with the growing demand for its products, according to its executive vice president and chief technology officer, Mark Papermaster, in an exclusive interview with CNBC. “We have a global workforce. Our design efforts are global, and continuing our growth in India is essential in order to meet …
AMD Chair and CEO, Lisa Su, delivered a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 4, 2023. The event highlighted the latest developments in the technology industry. Chip stocks experienced a slight decline following AMD’s disappointing revenue forecast, which raised concerns about the fragility of the PC market …
AMD Chair and CEO Lisa Su delivered a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 4, 2023. During the event, Lisa Su mentioned that AMD has identified an opportunity to develop an artificial intelligence (AI) chip specifically catered to the Chinese market in order to comply with U.S. …