Celestica CEO Rob Mionis explained how his company designs and manufactures infrastructure that enables artificial intelligence in a Tuesday interview with CNBC’s Jim Cramer.”If AI is a speeding freight train, we’re laying the tracks ahead of the freight train,” Mionis said.He pushed back against the notion that the AI boom is a bubble, saying that the technology has gone from a “nice to have” to a “must have.”Celestica reported earnings Monday after close, managing to beat estimates and raise its full-year outlook. The stock hit a 52-week high during Tuesday’s session and closed up more than 8%. Celestica has had…
Author: usaeverydaylife
A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSouth Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.Here are SK Hynix’s third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion wonOperating profit: 11.38 trillion won vs. 11.39 trillion wonRevenue rose…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailEvan Brown, head of multi-asset strategy at UBS Asset Management, joins CNBC’s ‘Fast Money’ to discuss how he sees the current economy, what to expect from Wednesday’s Fed meeting, and more. Source link
Traders work at the New York Stock Exchange on Oct. 28, 2025. NYSEU.S. stock futures were little changed Tuesday night after the major averages hit fresh records ahead of the Federal Reserve’s interest rate decision.Dow Jones Industrial Average futures fell by 33 points, or 0.07%. S&P 500 futures were flat, while the Nasdaq 100 futures rose 0.02%.Wall Street is coming off a second day of fresh records for the major averages. The S&P 500 rose 0.2% and topped 6,900 for the first time ever intraday, putting it on the cusp of a major milestone at 7,000. The Dow Jones Industrial…
Following this weekend’s news of a framework for a trade deal with China, the growth trade ripped higher led by the semiconductors at new all-time highs. One very interesting and nuanced area of the semiconductor production process I want to focus on today is computational lithography. Think of it in terms of this analogy: I named my company Inside Edge Capital Management as a reference to my college days as a Division One ski racer. In ski racing hundredths of a second define champions, or placing just off the podium. We used precision machines to create sharp and precise edges…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMike Fratantoni, chief economist at Mortgage Bankers Association, joins CNBC’s ‘Fast Money’ to discuss his expectations for Wednesday’s Fed meeting on rate cuts, where mortgage rates could go from here, and more. Source link
Check out the companies making headlines after hours. Visa — Shares rose 1% after the payments company reported fourth-quarter results that exceeded expectations on the top and bottom lines. Visa posted adjusted quarterly earnings of $2.98 per share on revenue of $10.72 billion. Analysts polled by LSEG had expected per-share earnings of $2.97 on revenue of $10.61 billion. Seagate Technology — Shares rose more than 4% after the data storage company reported strong fiscal first-quarter results. Seagate earned $2.61 per share on an adjusted basis on revenue of $2.63 billion. Analysts polled by LSEG had anticipated per-share earnings of $2.37…
Elon Musk’s Wikipedia rival Grokipedia got off to a “rocky start” in its public debut, but Wikipedia founder Jimmy Wales didn’t even have to take a look at the AI’s output to know what he expected.”I’m not optimistic he will create anything very useful right now,” Wales said at the CNBC Technology Executive Council Summit in New York City on Tuesday.Wales had plenty of choice words for Musk, notably in response to allegations that there is “woke bias” on Wikipedia. “He is mistaken about that,” Wales said. “His complaints about Wiki are that we focus on mainstream sources and I…
Jerome Powell, chairman of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Fall meetings at the IMF headquarters in Washington, DC, US, on Thursday, Oct. 16, 2025. Kent Nishimura | Bloomberg | Getty ImagesThe easy part for the Federal Reserve on Wednesday will be announcing an interest rate cut when it wraps up its two-day policy meeting. The hard part will be taking care of other details that are presenting substantial challenges to policymaking these days.Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage…
Investors are noticing ripe opportunity in Cytokinetics, a late-stage biopharma company targeting medicines for specialty heart diseases, that has seen shares skyrocket in recent months.Shares of Cytokinetics have jumped about 69% over the past three months and are up 31% year to date. The stock is one of the top-performing San Francisco-based companies profiled by CNBC’s Brian Sullivan on Power Lunch this week from the City by the Bay.The stock surged in early September after the company posted strong phase 3 trial results for its lead cardio drug called Aficamten, a cardiac myosin inhibitor, which showed an improvement in exercise…
