A former official of U.S. President Donald Trump’s first administration is planning a multi-billion-dollar data center project in a remote corner of Greenland, as hyperscalers scramble to build out capacity across the globe to keep up with the AI rollout. The data center is aiming to be operational at 300 megawatts (MW) by mid-2027, before…
CNBC’s Jim Cramer said Thursday he’s not bailing on the tech giants known as the Magnificent Seven despite most of those stocks getting off to a sluggish start in 2026. “I think that the money will ultimately flow back to most of the [Mag 7] … because these companies just have too many levers, too…
Jim Cramer and Jeff Marks, the Club’s director of portfolio analysis, on Thursday delivered updates on all 34 Club holdings during the January Monthly Meeting. Here are the highlights from the first meeting of 2026, starting with our four turnaround stories: 4 turnaround plays Nike: The apparel and sneaker retailer has shown real signs of…
Tesla CEO Elon Musk said on Thursday that his company will have a “widespread” network of driverless robotaxis in the U.S. by the end of 2026. “Tesla’s rolled out robotaxi service in a few cities, and will be very, very widespread by the end of this year within the U.S.,” he said during an appearance…
Female Engineer Inspecting Control Panel and Taking Notes for Safety and Maintenance at Power Station Serts | E+ | Getty Images Nvidia CEO Jensen Huang has said the AI boom will create “six-figure salaries” for those building the factories supporting it — becoming the latest leader to recommend skilled trades as AI hits office jobs….
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space, in Van Horn, Texas, July 20, 2021. Joe Raedle | Getty Images Jeff Bezos‘ space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites into…
Stocks finished last week slightly lower as the market battled a series of political headlines and policy news. To start the week, Federal Reserve Chairman Jerome Powell said he is under criminal investigation by the Trump administration related to the $2.5 billion renovation at central bank headquarters in Washington, D.C. The market didn’t like the…
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images In November, following Nvidia’s latest earnings beat, CEO Jensen Huang boasted to investors about his company’s position in artificial intelligence…
Riccardo Milani | Afp | Getty Images Wikimedia announced new deals with several artificial intelligence companies in a blog post on Thursday, including Amazon, Meta and Perplexity, as part of the company’s 25th anniversary. Through the new partnerships under Wikimedia Enterprise, companies will pay Wikipedia to use its data to help develop and train AI…
Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned through hundreds of millions of dollars in less than a year” and failed to hold up their agreement. When Saks acquired Neiman Marcus for $2.7…
