Cadence Design Systems stock rose by more than 6% on Wednesday after the chip design software company reported earnings that beat analysts’ expectations. The San Jose-based company reported financials after the bell Tuesday, posting an adjusted earnings per share of $1.99 on revenue of $1.44 billion in the fourth-quarter of 2025, about 6% higher versus…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks moved higher on Wednesday, driven by Big Tech. Shares of Nvidia climbed 2% after the company announced a multiyear partnership with Meta under which the Facebook parent will…
Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Palo Alto Networks CEO Nikesh Arora addressed the recent downdraft in software stocks, telling analysts in…
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Arda Kucukkaya | Anadolu | Getty Images Meta CEO Mark Zuckerberg is scheduled to testify on Wednesday in Los Angeles Superior Court as part of a landmark trial about social media and safety that’s being likened to the industry’s “Big Tobacco” moment. The trial, which began in late January, centers on a young woman who…
When low labor costs aren’t the primary driver of manufacturing advantage, the world might experience a dramatic economic shift – and AI could be the key, a key Alphabet executive tells CNBC. Wendy Tan White is CEO of Intrinsic, a portfolio company of Google’s parent. In a Fortt Knox interview last week, she laid out…
Palo Alto Networks beat Wall Street’s fiscal second-quarter estimates after the bell on Tuesday but shares fell 7% on disappointing guidance. Here’s how the company did versus LSEG estimates: Earnings per share: $1.03 per share excluding items vs. 94 cents expected Revenue: $2.59 billion vs. $2.58 billion expected The cybersecurity company forecasted lackluster earnings for…
Digital sovereignty is a “matter of national survival,” a European minister has told CNBC, as the continent scrambles to undo the dominance of U.S. digital services in its infrastructure amid geopolitical tensions. The region’s dependence on U.S. tech and military protection has come into sharp focus, as its relationship with President Donald Trump’s administration has…
Arthur Mensch, founder of Mistral AI, during the ‘Nvidia GTC’ meeting at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. Nathan Laine | Bloomberg | Getty Images NEW DELHI — More than 50% of enterprises’ current software could be replaced by AI, the CEO of Mistral AI told CNBC on Wednesday,…
Nvidia H100 chips inside a server room at the Yotta Data Services Pvt. data center, in Navi Mumbai, India, March 14, 2024. Dhiraj Singh | Bloomberg | Getty Images American AI chip darling Nvidia is expanding its partnerships in India, including with venture capital firms, as it bets on the country’s AI ecosystem that has…