Dell Technologies CEO Michael Dell said Tuesday that while demand for computing power is “tremendous,” the production of artificial intelligence data centers will eventually top out.”I’m sure at some point there’ll be too many of these things built, but we don’t see any signs of that,” Dell said on “Closing Bell: Overtime.”The hardware maker’s server networking business grew 58% last year and was up 69% last quarter, Dell said. As large language models have evolved to more multimodal and multi-agent systems, the demand for AI processing power and capacity has continued to be strong.Dell’s AI servers are powered by Nvidia’s…
Author: usaeverydaylife
(Jeffrey Hirsch, investor and editor of the Stock Trader’s Almanac , is profiling some “Ground Floor Stocks” for CNBC PRO.) Here’s a Ground Floor pick that Wall Street has yet to fully embrace: StoneX Group (SNEX) . My ground floor criteria require accelerating revenue and earnings (both sequentially and year-over-year), reasonable valuation relative to the market, and solid technical action. I only want reasonably priced stocks growing sales and earnings while flying somewhat under the radar with only a limited number on Wall Street paying close attention to them StoneX is a full-stack global financial services network operating at the…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Thursday and what’s on the radar for Friday’s session. Oracle Oracle’s new CEOs Clay Magouyrk and Mike Sicilia will on CNBC’s “Money Movers” in the 11 a.m. hour on Monday. Shares are 14% off last month’s high. But the stock is up 78% so far in 2025. ORCL YTD mountain Oracle shares year to date. Little bit of data…
Demonstrators hold a banner reading “Liberated Zone” during a protest at the Microsoft campus in Redmond, Washington, on Aug. 19, 2025. Microsoft Corp. employees rallied at the company’s Redmond, Washington, headquarters in an effort to ratchet up pressure on the software maker to stop doing business with Israel over its war in Gaza.David Ryder | Bloomberg | Getty ImagesA Microsoft engineer is resigning after 13 years at the software giant, claiming the company continues to sell cloud services to the Israeli military and that executives won’t discuss the war in Gaza.Scott Sutfin-Glowski, a principal software engineer, informed colleagues at Microsoft…
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South KoreaMongkol Chuewong | Moment | Getty ImagesAsia-Pacific markets were set to open lower Friday, tracking Wall Street declines as investors assess the state of the economy.Japan’s benchmark Nikkei 225 index was set for a lower open, with its futures contract in Chicago trading at 48,705, and its counterpart in Osaka at 48,520, against the index’s last close of 48,580.44.Australia’s ASX/S&P 200 lost 0.26%.Futures for Hong Kong’s Hang Seng Index pointed to a lower open, trading at 26,354, against the…
Stocks that could win big this earnings season include Roblox and Capital One Financial , according to Morgan Stanley. The third-quarter earnings season ramps up next week, with the nation’s largest banks on the docket to report results. Analysts forecast another stellar quarter of results, with the estimated year-over-year earnings growth rate for the S & P 500 coming in at 8% — the ninth consecutive quarter of earnings growth. Before the start of third-quarter earnings season, Morgan Stanley shared a list of its overweight-rated stocks that are reporting earnings in the next month and are most likely to show…
Traders work during the Alliance Laundry Holdings Inc. initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Oct. 9, 2025. Michael Nagle | Bloomberg | Getty ImagesStock futures are little changed after both the S&P 500 and the Nasdaq Composite closed lower following their retreating from fresh all-time highs in Thursday’s session.S&P 500 futures and Nasdaq 100 futures were trading up less than 0.1%, while futures tied to the Dow Jones Industrial Average added 40 points, or 0.08%.The federal government shutdown dragged into its ninth day on Thursday, after…
Israeli Prime Minister Benjamin Netanyahu (2nd R) meets with US President Donald Trump’s Special Representative for the Middle East Steve Witkoff (2nd L) and Trump’s son-in-law and former advisor Jared Kushner (L) in West Jerusalem on Oct. 9, 2025. Ma’ayan Toaf | GPO | Anadolu | Getty ImagesThe United States is sending about 200 troops to Israel to help support and monitor the ceasefire deal in Gaza as part of a team that includes partner nations, nongovernmental organizations and private sector players, U.S. officials said Thursday.The officials, who spoke on condition of anonymity to discuss details not authorized for release, said U.S.…
Gold’s status as a portfolio diversifier has come into sharper focus this week as the precious metal broke through the landmark $4,000 level. The commodity — long established as a safe-haven asset in times of turmoil — has rallied this year as investors navigate the dollar’s depreciation, geopolitical fissures and lower interest rate expectations, with central banks and retail buyers alike piling in. But in a recent LinkedIn post , Christopher Cruden — a “gold-agnostic” fund manager whose Insch Kintore strategy combines FX and commodities trading — warned that investors who have bought gold to reduce portfolio risk “might be…
An ABB robot on a production line at the Sony UK Technology Centre in Pencoed, UK.Bloomberg | Bloomberg | Getty ImagesSoftBank Group on Monday said it had agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, as the Japanese giant looks to bolster its artificial intelligence plays.The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as a separately listed company.”SoftBank’s next frontier is Physical AI. Together with ABB Robotics, we will unite world-class technology and talent under our shared vision to fuse Artificial…
