Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAmbarella shares popped 19% after a report that the chip designer is currently working with bankers on a potential sale.Bloomberg reported the news, citing sources familiar with the matter.While no deal is imminent, the sources told Bloomberg that the firm may draw interest from semiconductor companies looking to improve their automotive business. Private equity firms have already expressed interest, according to the report.The Santa Clara, California-based company is known for its system-on-chip semiconductors and software used for edge artificial intelligence. Ambarella chips are used in the automotive sector for electronic mirrors…
Author: usaeverydaylife
Check out the companies making the biggest moves midday: Carnival — The cruise line jumped nearly 7% after beating second-quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of $6.21 billion, according to FactSet. Other cruise operators followed Carnival higher. Norwegian Cruise Line gained almost 5%, while Royal Caribbean and Viking Holdings both advanced more than 2%. Uber — The ride-share platform climbed nearly 8%. Waymo is now offering robotaxi rides to the public in Atlanta…
Josh Brown, CEO of Ritholtz Wealth Management, on Tuesday revealed that Uber is the biggest position in his personal portfolio, calling it his highest conviction pick on the back of the autonomous driving boom. The widely followed investor said Uber is poised to benefit from robotaxi rollouts from Tesla, Waymo and any other players as the technology experience eliminates the most costly part of the operation — the human driver. “Uber’s role in this ecosystem is to partner with all of the autonomous players who are going to exist and make money as a result of the fact that the…
Chris Schwegmann is getting creative with how artificial intelligence is being used in law.At Dallas-based boutique law firm Lynn Pinker Hurst & Schwegmann, he sometimes asks AI to channel Supreme Court Chief Justice John Roberts or Sherlock Holmes.Schwegmann said after uploading opposing counsel’s briefs, he’ll ask legal technology platform Harvey to assume the role of a legal mind like Roberts to see how the chief justice would think about a particular problem.Other times, he will turn to a fictional character like Holmes, unlocking a different frame of mind.”Harvey, ChatGPT … they know who those folks are, and can approach the…
Members of Congress want to know where Iran’s enriched uranium wentU.S. Senator Richard Blumenthal (D-CT) speaks to reporters during a break from a Senate Armed Services and Foreign Relations joint briefing on the U.S. policy on Afghanistan, on Capitol Hill in Washington, February 2, 2022.Al Drago | ReutersSeveral members of Congress are questioning what has become of Iran’s stock of enriched uranium in the days since the U.S. damaged three nuclear facilities with airstrikes and bombs.Atomic energy watchdogs estimate that Iran has at least 9 kilos of uranium enriched to 60%, a level that could relatively easily be further enriched…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMoney MoversJosh Weinstein, Carnival Corporation CEO, joins ‘Money Movers’ to discuss consumer demand, summer travel and the stock.02:55an hour ago Source link
Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBCAnthropic’s use of books to train its artificial intelligence model Claude was “fair use” and “transformative,” a federal judge ruled late on Monday.Amazon-backed Anthropic’s AI training did not violate the authors’ copyrights since the large language models “have not reproduced to the public a given work’s creative elements, nor even one author’s identifiable expressive style,” wrote U.S. District Judge William Alsup.”The purpose and character of using copyrighted works to train LLMs to generate new text was quintessentially…
Aircraft operated by Virgin Australia Holdings Ltd. stand at Sydney Airport in Sydney, Australia, on Friday, August 17, 2020.Brendon Thorne | Bloomberg | Getty ImagesVirgin Australia shares rallied 8.3% on Tuesday, after its 685 million Australian dollar ($439 million) initial public offering, a transaction dealmakers hope will revive a subdued listings market.The airline sold 236.2 million shares at AU$2.90 each, valuing it at AU$2.32 billion on a fully diluted basis.The stock began trading at AU$3.14, outpacing a 1.2% gain in the Australian benchmark S&P/ASX200.Virgin’s listing comes amid operational disruptions, with the airline diverting two Qatar-bound flights to India and Oman, according to flight tracking website FlightRadar24. Qatar temporarily closed its airspace ahead…
With international markets starting to catch up to U.S. stocks, it’s time now for investors to take a look at a global version of the popular Magnificent 7 portfolio, according to Tim Seymour of Seymour Asset Management, who has been investing internationally for three decades. “Big thematic, secular trends that have been exciting … there’s opportunity globally and the opportunities in some of these names are [at] significant discounts,” said Seymour in a special PRO Download interview for CNBC PRO with me. These stocks trade in the U.S. so they are as easy to play for domestic investors as the…
One HSBC strategist is pushing back against doubters of the current stock market rally. The S & P 500 ‘s rally off its April lows has brought it back to roughly 1% off its record high in a very short time. It’s an advance that has perplexed many investors who worry the market’s insistence to look past war, tariffs, and other challenges to the economic outlook could mean another pullback is on the horizon. But Max Kettner, chief multi-asset strategist at HSBC, said he worries he’s not “bullish enough” on the current rally, saying he will remain risk on as…
