Sanjay Poonen, CEO of Cohesity is the former COO of VMware and President of SAP. Scott Mlyn | CNBC Data security firm Cohesity is eyeing a potential initial public offering in 2026 with ambitions to achieve a valuation that rivals its publicly traded $17-billion peer Rubrik. The move would mark an important milestone for Nvidia-backed…
U.S. President Donald Trump and first lady Melania Trump walk to the Rose Garden of the White House to hold a signing ceremony for the Take it Down Act, in Washington, D.C., U.S., May 19, 2025. Kevin Lamarque | Reuters U.S. President Trump will host two dozen high-profile tech and business leaders for an inaugural…
CNBC’s Jim Cramer unpacked Tuesday’s market action, explaining why stocks fell and how investors can deal with losses. “Days like today are…dispiriting, they’re painful, and they usually aren’t alone,” he said. “You have to trust the companies you believe in. Trust the market. That’s the only way to make big money in stocks long term.”…
President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017. Nicholas Kamm | AFP | Getty Images Microsoft has agreed to give the U.S. General Services Administration $3.1 billion in potential savings over the course of a year on…
The Duane Arnold nuclear plant northwest of Cedar Rapids, Iowa is pressing ahead with plans to restart operations by the end of the decade after shutting down for economic reasons in 2020. The plant is the third – and likely the last – mothballed reactor in the U.S. that is in shape to come back…
Brad Lightcap, Chief Operating Officer at OpenAI, attends a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023. Eric Gaillard | Reuters Sam Altman needed someone to manage the finances. It was 2018, and OpenAI was still a nonprofit research outfit with 40 employees, no consumer product and no…
A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company’s initial public offering on Sept. 16, 2020. Brendan McDermid | Reuters MongoDB’s stock just closed out its best week on record, leading a rally in enterprise technology companies that are seeing tailwinds from the artificial intelligence boom. In…
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology plunged 15% on Friday after the artificial intelligence chipmaker’s data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here’s how the company did…
European stock markets are heading for a mixed open on Friday as attention turns to inflation prints from some of the region’s biggest economies, along with the U.S. Price rise data is due from France, Spain, Italy and Germany, ahead of the flash August reading for the euro area next Tuesday. Stateside, investors will be…
Two Nvidia customers made up 39% of Nvidia’s revenue in its July quarter, the company revealed in a financial filing on Wednesday, raising concerns about the concentration of the chipmaker’s clientele. “Customer A” made up 23% of total revenue, and “Customer B” comprised 16% of total revenue, according to the company’s second-quarter filing with the…
