Jensen Huang, chief executive officer of Nvidia Corp., presents the RTX Spark Superchip at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, on Monday, June 1, 2026. Lam Yik Fei | Bloomberg | Getty Images As important as Nvidia has become to the tech industry, its entire run-up in recent…
It happened again — this time with Hewlett Packard Enterprise . Shares soared nearly 25% after the company reported a blowout fiscal 2026 second quarter on strong data center demand. Like Dell , the HPE stock response appears justified, given an additional massive outlook hike. The Street was looking for full-year earnings per share (EPS)…
The chairman of the Commodity Futures Trading Commission said it’s correcting a flawed enforcement action against Gemini Space Station, the crypto exchange run by the Winklevoss brothers, alleging it was caught up in a broader campaign against the crypto industry under the Biden administration. “The Biden administration weaponized the federal agencies against the crypto industry…
Palo Alto Networks CEO Nikesh Arora said artificial intelligence is making cybersecurity more important as increasingly sophisticated AI-powered attacks force companies to strengthen their defenses. “I think we declared the ‘SaaSpocalypse’ dead for cybersecurity officially,” Arora said on CNBC’s “Mad Money” on Tuesday, referencing investor concerns earlier this year that software-as-a-service, or SaaS, companies would…
CNBC’s Jim Cramer on Tuesday provided investors a handful of beaten-down stocks that he believes could outperform if the artificial intelligence trade begins to cool. “These are the stocks that will start going higher if tech retreats,” the “Mad Money” host said. “You’ll wish you had some of these when the time comes and the…
Alphabet bulls fought the down tape all day on Tuesday, taking the glass-half-full view of the company’s plans to sell a massive amount of stock to fund its artificial intelligence buildout. The cloud and search giant announced late Monday that it plans to raise $80 billion through a stock offering, including a $10 billion investment…
Palo Alto Networks surpassed Wall Street’s fiscal third-quarter results as artificial intelligence threats drive demand for sophisticated cybersecurity tools. Shares popped 10%. Here’s how the company did versus LSEG estimates: Earnings per share: 85 cents adjusted vs. 80 cents expected Revenue: $3.00 billion vs. $2.94 billion expected Revenue grew 31% from a year ago, including…
A few months after taking over from Warren Buffett , Greg Abel is making it clear he intends to put Berkshire Hathaway ‘s cash hoard to work. In the span of just a few days, Berkshire committed nearly $17 billion across two major transactions, agreeing to acquire homebuilder Taylor Morrison Home for $6.8 billion, excluding…
Microsoft CEO Satya Nadella attends the World Economic Forum meeting in Davos, Switzerland, on Jan. 20, 2026. Denis Balibouse | Reuters Microsoft has been a major player in the artificial intelligence boom, providing key cloud infrastructure and services and taking multibillion-dollar equity stakes in OpenAI and Anthropic. Now the company is making a concerted effort…
Sebastien Bozon | Afp | Getty Images Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment. The price of the flagship cryptocurrency was last lower by more than 5% at $67,692.76, according to Coin Metrics. That was its lowest level since April 5. Ether declined by 3%, and…