Intel CEO Lip-Bu Tan makes a speech on stage in Taipei, Taiwan May 19, 2025. Ann Wang | Reuters President Donald Trump said Monday that he and members of his cabinet met with Intel CEO Lip-Bu Tan, days after he called on the head of the chipmaker to resign. Intel shares rose 2% in extended…
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. Market update: Stocks were still trading in the red Monday afternoon despite President Donald Trump announcing the China tariff deadline is being extended another 90 days….
Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could impact the chip giants’ business and whether Washington might seek out similar deals. In exchange for the revenue cut, the two semiconductor companies will…
My top 10 things to watch Monday, Aug. 11 1. Melius Research’s Ben Reitzes downgraded Adobe to sell from hold, arguing that an AI-driven multiple contraction phase is in the early innings for software-as-a-service (SaaS) companies. That includes the likes of Atlassian and Club stock Salesforce . It can still get worse for these names,…
A man walks past China’s and USA’s flags before a meeting between US Treasury Secretary Janet Yellen and China’s Vice Premier He Lifeng at the Guangdong Zhudao Guest House in the southern Chinese city of Guangzhou, on April 5, 2024. Pedro Pardo | Afp | Getty Images The U.S. and China have yet to announce…
Mira Murati, Chief Technology Officer of OpenAI (L) and Dario Amodei, Getty Images | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Artificial intelligence startups have minted dozens of new…
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Kiyoshi Ota | Bloomberg | Getty Images Masayoshi Son is making his biggest bet yet: that his brainchild SoftBank will be the center of a revolution driven by artificial intelligence….
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Florence Lo | Reuters Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with…
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty Images Chip giant Nvidia pushed back Sunday in response to allegations from Chinese state media that its H20 artificial intelligence chips are a national security risk for China. Earlier in the day, Reuters reported Yuyuan Tantian, an account affiliated with Chinese state…
And then there was just one: Apple . That’s how I felt about last week where the market took a huge number of stocks out and shot them, including some of ours — more on that when we get to Thursday’s Monthly Meeting for Club subscribers — but the sellers could not stop Apple, the…
