CNBC’s Jim Cramer explained why he thinks Alphabet‘s new iteration of its artificial intelligence platform, Gemini, could seriously challenge the dominance of OpenAI’s ChatGPT. “We have to recognize that Gemini’s the biggest threat to ChatGPT we’ve seen so far. There’s simply no two ways about it — Gemini’s existential for OpenAI,” he said. “The company,…
Almost every night, for almost a decade, I got a phone call between 7:00 and 7:01 p.m. ET. I didn’t have to look at the three letters on my phone screen to know who was ringing. It was the old man we called Pop, or more like “The Old Man of the Mountain,” as he…
What a week for markets. Global stocks posted their worst week since April as the heat around AI stocks began to burn. On Thursday, the Nasdaq marked its wildest swing from green to red since President Donald Trump’s ‘Liberation Day’ shocked equities back in April. And it reverberated around the world, with the Stoxx 600…
Nvidia outperformed all expectations, reporting soaring profits Wednesday thanks to its graphics processing units that excel at AI workloads. But more categories of AI chips are gaining ground. Custom ASICs, or application-specific integrated circuits, are now being designed by all the major hyperscalers, from Google’s TPU to Amazon’s Trainium and OpenAI’s plans with Broadcom. These…
Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Woohae Cho | Getty Images News | Getty Images Even Nvidia CEO Jensen Huang couldn’t save the tech and artificial intelligence trade this week. The chip giant’s talismanic…
Amin Vahdat, VP of Machine Learning, Systems and Cloud AI at Google, holds up TPU Version 4 at Google headquarters in Mountain View, California, on July 23, 2024. Marc Ganley Google ‘s AI infrastructure boss told employees that the company has to double its serving capacity every six months in order to meet demand for…
OpenAI is partnering with Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup’s latest announcement tied to its massive infrastructure development plans. While no financial terms were disclosed, OpenAI said in Thursday’s announcement that it will have early access to evaluate…
A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013. Toru Yamanaka | Afp | Getty Images Tech conglomerate SoftBank plunged more than 10% Friday amid losses across the region, after U.S. tech stocks lost ground and investors’ hopes dimmed of a…
Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Woohae Cho | Getty Images News | Getty Images Nvidia reported fiscal third-quarter earnings on Wednesday that topped Wall Street expectations for sales and earnings and provided stronger-than-expected…
Wall Street’s love affair with the artificial intelligence trade — a major driver of the market’s gains in recent years — has encountered a rough patch this fall. And on Tuesday, CNBC’s Jim Cramer said more declines in AI stocks could be on the way. In examining what has resulted in the red-hot AI trade turning…
