CNBC’s Steve Liesman joins ‘Fast Money’ with new data from Bank of America. Source link
Author: usaeverydaylife
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. Tesla This evening the vote tally came in and shareholders approved the pay package that gives Elon Musk $1 trillion if the company hits several metrics. Tesla stock closed down 3.5% on Thursday. It is now 8.7% from its December 2024 high. In the last three months, the stock is…
China is focusing on large language models in the artificial intelligence space.Blackdovfx | Istock | Getty ImagesIt’s well known that Chinese semiconductors designed for artificial intelligence cannot compete with the American firm Nvidia. Yet, China has managed to continue developing highly advanced AI models, with many being run on homegrown chips.China’s secret? A plethora of cheap energy and giant chip clusters from the China’s tech champion Huawei that are underpinning AI advances in the country’s race against the U.S.”China is striving for self-sufficiency across the AI stack, as it sees AI as a strategic technology for national and economic security,”…
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | ReutersShares of Japan’s SoftBank Group resumed their slide on Friday, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations.The group, which holds a wide range of AI investments across infrastructure, semiconductor, and application companies, saw shares drop more than 8%.This comes after SoftBank gained nearly 3% in the previous session, having plunged 10% on Wednesday to clock its worst day since April.Other Japanese tech stocks also declined. Semiconductor testing equipment maker Advantest dropped over 6%,…
Texas Roadhouse on Thursday evening reported a mixed third quarter as stubbornly high beef prices continued to weigh on profitability, overshadowing what was otherwise the highest quarterly revenue, same-store sales, and traffic growth of the year. Revenue in the quarter ending Sept. 30 increased 12.8% year over year to $1.44 billion, exceeding the LSEG-complied Wall Street consensus estimate of $1.43 billion. Earnings per share dipped 1% on an annual basis to $1.25, missing expectations of $1.28, LSEG data showed. TXRH YTD mountain Texas Roadhouse YTD Shares of Texas Roadhouse slipped a little more than 1% in after-hours trading, bringing them…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on Affirm’s rally in extended trade after the company beat on the top and bottom line and posted record transaction volume. Source link
CNBC’s Jim Cramer unpacked Thursday’s market decline, telling investors that Wall Street is worried about the lengthy government shutdown and that artificial intelligence buildout is getting out of control.”What matters is we need the darn government to go back to work, and we need the data center blob to be cordoned off from the rest of the economy, and we need some of the hottest stocks to continue to cool off further,” he said. “Until then, we are indeed at the mercy of the headlines and, lately, the darned negative headlines are the only ones that anyone’s paying attention to.”The…
Corporate investment into artificial intelligence totaled over $250 billion last year as companies raced to develop intelligence-fueled products and services. That spend kept pace this year and is only expected to increase further as Big Tech firms like Meta , Alphabet and Microsoft vie for the AI dominance and pour more cash into the technology. While these U.S. mega-caps dominate the conversation, there are countless other companies tend to fly under the radar and yet they play important roles in the AI supply chain. From chipmakers to companies enhancing the longevity of those chips, here are the stocks grabbing investor…
View of the central business district skyline at sunset in Beijing, China.Sheng Peng | Visual China Group | Getty ImagesAsia-Pacific markets were set to open lower Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence stocks.Shares of major AI companies fell Thursday stateside, weighing down on the broader U.S. market. The biggest declines were from Nvidia, Microsoft, Palantir Technologies, Broadcom and Advanced Micro Devices.Investors in Asia are watching for China’s October trade data, due later in the day. Economists polled by Reuters expect exports to have slowed to 3% year on year, down from an…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
