ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Apple’s loudest critics say the tech giant is playing catch up in the AI race. They blaming its underperformance last year, at least compared to its megacap tech peers like Nvidia, Amazon, Microsoft and Google, on its lack of a clear generative … Read more
Apple CEO Tim Cook stands next to a new Apple Vision Pro headset displayed during the Apple Worldwide Developers Conference in Cupertino, California, June 5, 2023. Justin Sullivan | Getty Images Apple’s stock rallied in 2023, but its performance was outshined by all of its mega-cap tech peers, as the company suffered four straight quarters … Read more
In November, CNBC visited Apple’s campus in Cupertino, California, to get a look inside one of the company’s many chip labs. CNBC also got a rare chance to talk with the senior vice president of hardware technologies, Johny Srouji, and Apple’s senior vice president of hardware engineering, John Ternus, about the company’s push into the … Read more
CNBC’s Jim Cramer keyed in on the optionality of six of the companies that have become known as the “Magnificent Seven” during his Wednesday show. “The Magnificent Seven have the most optionality of any publicly traded companies in modern history,” Cramer said. “To sell any of them is to forget that they have this kind … Read more
TOKYO (AP) — Asian shares declined Tuesday on heavy selling of property and technology shares. U.S. futures slipped and oil prices were little changed. Hong Kong’s Hang Seng dropped 2.4% to 16,238.79, while the Shanghai Composite lost 1.7% to 2,972.30 as worries flared over weakness in the Chinese economy. Japan’s benchmark Nikkei 225 slipped 1.4% … Read more
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more
TOKYO (AP) — Asian shares surged higher on Wednesday, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation. Tokyo’s benchmark Nikkei 225 rose 1.8% to 33,293.67 as investors appeared to shrug off news that Japan’s economy contracted at a worse … Read more
This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
My top 10 things to watch Tuesday, Oct. 24 1. U.S. stock futures rose Tuesday ahead of the first quarterly earnings reports from the mega-cap tech stocks. Look for our alerts following the announcements from Microsoft (MSFT) and Alphabet (GOOGL) after the bell. Here’s what we hope to see from Microsoft . 2. On Sunday, … Read more
Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, welcomed the news that the U.S. will ban the export of certain types of artificial intelligence (AI) chip to China. The U.S. Department of Commerce is to restrict exports of Nvidia’s A800 and H800 chips, it said Tuesday. The Yang Cheng Fund invests … Read more