Embattled AI firm Appen loses more executives, months after Alphabet cut ties
“Strengthening our sales and marketing function remains a top priority for the business,” CEO Ryan Kolln wrote in the memo that was shared with CNBC. “There is no change to our strategy to grow revenue from existing and new customers.”…
When Nvidia beats estimates, these 6 AI stocks tend to rise
Six artificial intelligence-related stocks tend to react positively to Nvidia ‘s quarterly results, according to CNBC Pro analysis. It comes ahead of Nvidia’s first-quarter earnings this year, which will be released Wednesday after the market close. Five U.S.-listed stocks —…
Lowe’s CEO explains why the company is partnering with Big Tech
In a Tuesday interview with CNBC’s Jim Cramer, Lowe’s CEO Marvin Ellison described the home improvement retailer’s partnerships with Big Tech companies like Apple and Nvidia. “We’ve had great work with Nvidia on AI and AI technology that we’re using…
Morgan Stanley says shares of this Nvidia supplier could pop if AI leader gives a good forecast
One semiconductor supplier could win big from a strong outlook from chip giant Nvidia , according to Morgan Stanley. ” TSMC is the sole supplier for NVDA AI GPU, so we view NVDA’s July-quarter revenue guidance, due on May 22,…
Google I/O wrap-up: Gemini AI updates, new search features and more
Google CEO Sundar Pichai speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty Images Tuesday’s announcements follow similar events held by its AI competitors. Earlier this month, Amazon-backed Anthropic announced its first-ever enterprise offering and a free…
Japanese yen touches 160 to the dollar; Asia stocks rise as Fed meeting looms
An Hour Ago Japanese yen weakens to 158 against the dollar The Japanese yen weakened to 158.43 against the U.S. dollar, touching a fresh 34-year low. On Friday, the Bank of Japan held interest rates steady at the end of…
Japanese yen weakens to 156 against dollar after Bank of Japan leaves rates unchanged
An editorial montage of the Japan flag and Japanese yen cash bank notes. Javier Ghersi | Moment | Getty Images The Japanese yen slid to over 156 against the U.S. dollar on Friday after the Bank of Japan left its…
Asia markets mixed ahead of Bank of Japan’s rate decision; Tokyo inflation falls more than expected
32 Mins Ago Tokyo inflation slows sharply in April, core inflation sharply lower than expected Inflation in Japan’s capital city of Tokyo slowed to 1.8% in April, down from the 2.6% gain in March. Core inflation in the city —…
Alphabet tempers fears that it’s falling behind in AI with blowout first-quarter results
Alphabet topped analysts’ estimates, reporting revenue growth of 15% for the quarter, the fastest rate of expansion since early 2022. Ad sales at YouTube jumped 20%, also beating expectations. Questions have been swirling about the future of Google’s online ads,…
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images…