Dan Chung Courtesy: Fred Alger Management Daniel Chung, the CEO and chief investment officer at investment firm Fred Alger Management, survived the Sept. 11 attacks on the World Trade Center by chance. That morning a quarter century ago, the then-tech analyst started his day at the Intercontinental Hotel in Midtown Manhattan, searching for answers on…
Corning and Qualcomm rallied on Tuesday and brought a host of AI-related stocks along with them, as a pair of infrastructure deals lifted Wall Street’s confidence that data center spending will remain strong. Chipmakers Intel and Advanced Micro Devices gained 9% and 6% respectively, while Hewlett Packard Enterprise climbed 8% and photonics company Coherent added…
Qualcomm shares rose 4% on Tuesday after the company announced a data center infrastructure partnership with Amazon Web Services, a major win as the chipmaker tries to take on Nvidia in the artificial intelligence market. As part of the agreement, Qualcomm said in a filing with the Securities and Exchange Commission that it issued Amazon…
ASML’s Assia Haddou shows CNBC’s Katie Tarasov a High NA chipmaking machine in Veldhoven, Netherlands, on April 24, 2025. Magdalena Petrova Samsung and TSMC, the world’s two biggest chipmakers, have committed to using ASML‘s High NA extreme ultraviolet (EUV) lithography machines, as demand grows for more advanced chips. ASML’s EUV lithography machines are critical tools…
US President Donald Trump speaks during a meeting with travel industry executives in the Oval Office of the White House in Washington, DC, on Sept. 2, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump posted a stream of AI-generated images and a series of sweeping and unverified claims on Truth Social on…
The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
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. Stocks dipped on Friday following the strong August employment report. Still, the S & P 500 was on track for a positive week. Nonfarm payrolls increased…
Nvidia has become one of the world’s largest strategic tech backers as the value of its equity investments soared more than tenfold in the past year to $99 billion, with the chip giant increasingly looking to leverage its huge capital reserves to bolster the AI sector. The company has ramped up dealmaking for financing rounds…
When incoming Apple CEO John Ternus spoke to CNBC in late 2023, he was all about the technology. Custom chips, device battery life and memory architecture were among his primary interests. “If we build the right products with the right components within them, right silicon and other technologies, people love them,” Ternus, who took over…
My top 10 things to watch Monday, Aug. 31 1. Oil is up nearly 4% and Chevron , my crude barometer, is trading above $200. U.S. and Iran exchanged attacks for the first time since July. President Donald Trump is threatening to blow up an Iranian oil hub, growing frustrated by a slower-moving sanctions approach….
