Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning … Read more
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Rubrik Rubrik, a 9-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to make moves toward the public market after an extended lull dating back to late 2021. The Silicon Valley … Read more
Customers shop for produce at the Eastern Market in Detroit, Michigan, on Sept. 17, 2022. Matthew Hatcher/Bloomberg via Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
Matthew Busch | Bloomberg | Getty Images Shares of Dell Technologies popped more than 15% during extended trading Thursday after the company released fourth-quarter results that beat analysts’ estimates and showed strong demand for its artificial intelligence servers. Here’s how the company did: Earnings per share: $2.20 adjusted vs. $1.73 expected by LSEG, formerly known … Read more
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space … Read more
CNBC’s Jim Cramer on Friday told investors what to watch for on Wall Street next week, highlighting JPMorgan’s market-moving health-care conference in San Francisco. Taking place from Monday to Thursday, the conference is one of the year’s largest gatherings of major industry CEOs where they reveal earnings guidance and updates on clinical trial research. “The … Read more
Taiwan-based computer manufacturer Acer said that personal computer demand is rebounding, after hitting the bottom this year. “We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we have already seen year-to-year growth,” chairman and CEO Jason Chen told CNBC’s … Read more
Michael Dell David A. Grogan | CNBC Dell shares surged 21.3% Friday, their greatest day for the reason that firm returned to the general public market in 2018. The rally adopted a better-than-expected earnings report, pushed by a giant income beat. The maker of IT {hardware} and infrastructure know-how stated gross sales slid 13% from … Read more