(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator.) Another one of the market’s occasional rethinks of the beloved AI-investment theme strikes some of the heavily owned leaders of the group, pressuring the big-cap indexes but so far sparing the majority of stocks from significant damage. Questions over whether Nvidia ‘s $100 billion pledged investment in OpenAI to fund the development of Nvidia-centric data centers seems to have prompted a round of scrutiny over a possible eventual endgame of overcapacity and overlapping partnerships and vendor relationships. Nvidia and Oracle shedding the most among the…
Author: usaeverydaylife
People crossing the street in Shibuya, Tokyo.Maydays | Moment | Getty ImagesAsia-Pacific markets were set to open higher, breaking ranks with Wall Street after U.S. Federal Reserve Chair Jerome Powell said that “equity prices are fairly highly valued.”Powell also signaled that the rate-cutting path wasn’t clear and that the central bank faces a “challenging situation.”Australia’s ASX/S&P 200 was poised to open higher, with its futures contract trading at 8,852, against the index’s last close of 8,845.9.Hong Kong’s Hang Seng Index was set to open higher, with its futures contract last traded at 26,188 against the index’s previous close of 26,159.12.Japan’s…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Mackenzie Sigalos joins Fast Money with breaking news on Oracle’s latest data center plans, as the company teams with OpenAI and SoftBank to announce five new Stargate sites across Texas, New Mexico, Ohio, and the Midwest. Source link
Gregg Donovan and Dandidi or “Hollywood Harlequin” display signs at the El Capitan Entertainment Centre, where “Jimmy Kimmel Live!” is recorded to celebrate the show’s return on Hollywood Boulevard in Los Angeles, California, U.S. on Sept 23, 2025.Gabriel Cortes | CNBC”Jimmy Kimmel Live!” returns to air Tuesday night, roughly one week after the late night show was suspended by Disney’s ABC broadcast network.The program was initially pulled “indefinitely” following comments by host Kimmel during a show monologue that criticized President Donald Trump’s MAGA movement for their reaction to conservative activist Charlie Kirk’s killing. The media industry, fans and critics are eagerly…
Technology concept with always connected students – Vivid filterDavide Zanin | Istock | Getty ImagesWhen Jacob Kaplan thinks about his path to financial security, he sees a need to take big risks.For years, Kaplan has been betting on major sporting events through online platforms, often dedicating 30 hours a week to the hobby. The 25-year-old regularly trades tips with fellow enthusiasts through Discord and bought a membership to sports data platform Bookie Beats to help level up his bets.”There’s the risk that goes into each individual bet that you take,” Kaplan told CNBC. “But if you surround yourself with the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRich Greenfield, LightShed Partners co-founder, joins ‘Fast Money’ to discuss why he believes Disney will ultimately spin off ESPN and ABC, how the recent NFL deal factors into the company’s strategy, and what a post-Bob Iger era could mean for Disney’s focus on its core businesses, and more. Source link
A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.Justin Sullivan | Getty ImagesMicron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.The stock rose in extended trading.Here’s how the company did in comparison with the LSEG consensus:Earnings per share: $3.03 adjusted vs. $2.86 expectedRevenue: $11.32 billion vs. $11.22 billion expectedMicron said revenue in the current period, its fiscal first quarter, will be about $12.5 billion, versus the $11.94 billion average analyst estimate per LSEG.The company said it had $3.2 billion, or $2.83 per…
Venezuelan Bolivar and U.S. Dollar banknotes and representations of cryptocurrency Tether are seen in this illustration taken Sept. 8, 2025. Dado Ruvic | ArrayTether, the issuer of the largest stablecoin, is planning to raise as much as $20 billion in a deal that could put the crypto company’s value on par with OpenAI, according to a report from Bloomberg News.The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said, citing two individuals familiar with the matter. The transaction would involve new equity rather…
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025. Alexander Drago | ReutersPresident Donald Trump said Tuesday afternoon that he thinks Ukraine, with help from the European Union, could win back its territory from Russia and return the country to its original borders.The president had suggested numerous times that giving up some land would be a key component of resolving Ukraine’s war with Russia.”After getting to know and fully understand the Ukraine/Russia Military and Economic situation and, after seeing the Economic trouble it is causing…
ABILENE, Texas — OpenAI and Oracle are betting big on America’s AI future, bringing online the flagship site of the $500 billion Stargate program, a sweeping infrastructure push to secure the compute needed to power the future of artificial intelligence.The debut site in Abilene, Texas, about 180 miles west of Dallas, is up and running, filled with Oracle Cloud infrastructure and racks of Nvidia chips.The data center, which is being leased by Oracle, is one of the most notable physical landmarks to emerge from an unprecedented boom in demand for infrastructure to power AI. Over $2 trillion in AI infrastructure…
