Dell Technologies shares moved 9% higher in extended trading on Tuesday after the computer maker reported results and a forecast that easily cleared Wall Street expectations. Here’s how the company did relative to LSEG consensus: Earnings per share: $7.04 adjusted vs. $4.92 expected Revenue: $46.97 billion vs. $44.92 billion expected Revenue came in higher than…
The Microduck robot is set to come with a range of pre-installed actions, according to its developers HuggingFace and Pollen Robotics. Pollen Robotics BEIJING — A popular new programmable personal robot from a French-American company is powered by a chip from Shanghai-listed Rockchip which in turn uses British company ARM’s tech, reflecting how intertwined global…
Tomohiro Ohsumi | Bloomberg | Getty Images SB Energy, the artificial intelligence power infrastructure company backed by Softbank, OpenAI and Nvidia, has filed for an initial public offering with the Securities and Exchange Commission. Among the risk factors listed in the Tuesday filing, SB Energy said it’s “substantially dependent” on the performance of OpenAI as…
MediaTek CEO Rick Tsai (R) talks with Nvidia CEO Jensen Huang (left) during a keynote speech for Computex 2025 at the Taipei Nangang Exhibition Center Hall in Taipei on May 20, 2025. I-hwa Cheng | Afp | Getty Images Shares of MediaTek closed 10% higher on Tuesday after the Taiwanese chip firm announced a partnership…
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….
As one AI chipmaker leaves the earnings spotlight, another one enters this week. The evolving cybersecurity landscape and the labor market will also be in focus. Here’s an in-depth look at three big things we’re watching this week. 1. Earnings: Broadcom and Palo Alto Networks are the two Club names on the earnings docket. Both…
This week’s impressive earnings results showed that the AI buildout is not a zero-sum game: both hardware and software stocks can win. The tech-heavy Nasdaq Composite and the S & P 500 gained 0.9% and 0.5%, respectively, while the blue-chip Dow Jones Industrial Average added 0.5%, marking its first winning week in three. Much of…
Salesforce CEO Marc Benioff appears at the 2023 Dreamforce conference in San Francisco on Sept. 12, 2023. Marlena Sloss | Bloomberg | Getty Images For the better part of a year, Salesforce CEO Marc Benioff has been hearing that his company could get wiped out by AI. He’s scoffed anytime someone has asked him about…
If Federal Reserve chair Kevin Warsh wanted to put the bond market on alert, he certainly got his wish Friday: odds of an interest-rate hike by the central bank in its September meeting jumped to nearly 60 percent after Warsh’s speech in Jackson Hole, compared to just 35 percent on Thursday, according to Fed funds…
CNBC’s Jim Cramer on Thursday said strong earnings results from Nvidia and Salesforce shattered two of Wall Street’s biggest tech bear narratives, sending both stocks soaring. “We were in the grip of some lies and damn lies, backed by chimerical statistics, and now both bear stories backfired,” the “Mad Money” host said. “Today was a…
