Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government’s record-breaking shutdown. The House is set for a final vote in…
Advanced Micro Devices‘ CEO Lisa Su shut down concerns over Big Tech’s elevated spending during an interview with CNBC’s “Squawk Box” on Wednesday and said investing in more computing will accelerate the pace of innovation. “I don’t think it’s a big gamble,” she said. “I think it’s the right gamble.” Many of AMD’s hyperscaler customers…
The Oura Ring 4. Courtesy: Oura The chief executive of Finland’s Oura told CNBC on Tuesday that the wearable tech company could generate close to $2 billion in sales next year. The smart ring maker has upped its forecast as it invests in artificial intelligence and international expansion, hot on the heels of a $900 million…
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images Foxconn, the world’s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier. Here’s how Foxconn did in the September quarter compared with…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. David Paul Morris | Bloomberg | Getty Images AMD CEO Lisa Su said on Tuesday that the company’s overall revenue growth would expand to about 35% per…
Rocket Lab posted record revenues in the third quarter as it scoops up more launch deals and builds its backlog. The space stock slipped more than 1% on Tuesday, pulling back from earlier gains. The company, which makes satellites and rockets and provides launch services to its customers, on Monday reported revenue of $155 million…
CoreWeave shares closed down 16% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report. “Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street”…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The S & P 500 and Nasdaq were down Tuesday as Big Tech was pressured following CoreWeave’s quarterly results Monday evening. The AI infrastructure provider disappointed investors after lowering…
Duolingo, Doordash and Roblox apps Tiffany Heard-Grear | Bloomberg | Getty Images Across the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates. But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts, or just shrugged off their guidance,…
Nvidia CEO Jensen Huang (L) and the CEO of the SoftBank Group Masayoshi Son pose during an AI event in Tokyo on November 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize…
