Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. David Paul Morris | Bloomberg | Getty Images AMD stock climbed 11% on Wednesday, continuing a massive run since OpenAI announced plans to buy billions of dollars…
Nvidia CEO Jensen Huang said Wednesday that he’s surprised Advanced Micro Devices offered 10% of itself to OpenAI as part of a multibillion-dollar partnership announced earlier this week. “It’s imaginative, it’s unique and surprising, considering they were so excited about their next-generation product,” Huang said in an interview with “CNBC’s Squawk Box.” “I’m surprised that…
Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning. “This year, particularly the last six months, demand of computing has gone up substantially,” said Huang on CNBC’s “Squawk Box.” The CEO of the AI chip leader was answering a question…
Thoma Bravo co-founder Orlando Bravo said valuations for artificial intelligence companies are “at a bubble,” comparing it to the dot-com era. But one key difference in the market now, he said, is that large companies with “healthy balance sheets” are financing AI businesses. Bravo’s private equity firm boasts more than $181 billion in assets under…
Dell Technologies CEO Michael Dell said Tuesday that while demand for computing power is “tremendous,” the production of artificial intelligence data centers will eventually top out. “I’m sure at some point there’ll be too many of these things built, but we don’t see any signs of that,” Dell said on “Closing Bell: Overtime.” The hardware…
The editorial image shows the interior of the new Tesla Model 3 with Full Self-Driving activated. Nurphoto | Getty Images Tesla debuted more affordable versions of its popular Model Y SUV and Model 3 sedan on Tuesday. The Model Y standard variant is priced just below $40,000, according to Tesla’s website, and the Model 3…
Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace stock gained 6% Monday, after the space company said it is buying defense technology contractor SciTec for $855…
Figma signage appears at the New York Stock Exchange in New York as the company prepares for its shares to begin trading on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma shares jumped 7% on Monday after the design software vendor’s technology was promoted by OpenAI CEO Sam Altman in an onstage…
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Investor Brad Gerstner cautioned Monday that OpenAI‘s deals with Nvidia and AMD are purely announcements, not deployments. “Now we will see what gets delivered,” the Altimeter Capital founder told CNBC. “Ultimately,…
Sam Altman, chief executive officer of OpenAI, left, and Lisa Su, chair and chief executive officer of Advanced Micro Devices, arrive for a Senate Commerce, Science, and Transportation Committee hearing in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty Images OpenAI and Advanced Micro Devices have reached a deal…
