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Nvidia's Huang touts 'full steam' AI spend while China uncertainty remains

cnbc.com Annie Palmer 2025-10-24 11:52:52

Nvidia stock fluctuated on Thursday as investors digested the company's latest earnings report, which signaled robust AI demand but provided little clarity on China. Sales surged 56% in the quarter to $46.74 billion, which was roughly in line Wall Street's projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, just topping the $1.01 per share estimated by analysts. The better-than-expected results were clouded by concerns over Nvidia's future in

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Investors are loving Lovable

techcrunch.com Rebecca Bellan 2025-10-24 11:04:06

In Brief Investors are clambering to get onto Swedish vibe-coding startup Lovable’s cap table, making unsolicited offers of investment that value the company at more than $4 billion, reports Financial Times. Lovable CEO Anton Osika isn’t currently engaging with the flurry of inbound, the Times says, which comes a few weeks after the startup announced a $200 million round at a $1.8 billion valuation in a deal led by Accel. A Lovable spokesperson told the outlet the company isn’t fundraising now

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Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue

cnbc.com Kif Leswing 2025-10-24 19:38:26

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Shares pared the losses Thursday. Here's how the company did, compared with estimates

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AI Bubble Watch: Nvidia Shares Skid on Middling Q2 Results

gizmodo.com Ece Yildirim 2025-10-25 09:21:24

Nvidia reported mixed second quarter earnings on Wednesday, meeting some market expectations but missing others. The company posted revenue of $46.74 billion, up 56% from a year ago. The number is higher than the $45 billion Nvidia shared in earnings guidance last quarter, and is just barely above the projected market consensus of $46.23 billion, according to Bloomberg. Adjusted earnings per share came in at $1.05, above the average market estimate of $1.01. Roughly $41.1 billion of that reve

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Nvidia beats on top and bottom lines. Here's why the stock is falling

cnbc.com Kif Leswing 2025-10-25 15:59:02

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Here's how the company did, compared with estimates from analysts polled by LSEG: Ea

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Nvidia beats on top and bottom lines as data center revenue surges 56%

cnbc.com Kif Leswing 2025-10-25 19:56:49

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock slipped in extended trading as data center revenue came up short of estimates for the second quarter in a row. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $1.05 adjusted vs. $1.01 estimated :

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Nvidia Shares Skid As Data Center Q2 Revenue Disappoints

gizmodo.com Ece Yildirim 2025-10-25 19:21:24

Nvidia reported mixed second quarter earnings on Wednesday afternoon, meeting some market expectations but missing others. The company posted revenue of $46.74 billion, up 56% from a year ago. The number is higher than the $45 billion Nvidia shared in earnings guidance last quarter, and is just barely above the projected market consensus of $46.23 billion, according to Bloomberg. Adjusted earnings per share came in at $1.05, above the average market estimate of $1.01. Roughly $41.1 billion of

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Saudi AI firm Humain is pouring billions into data. Will it pay off?

cnbc.com Natasha Turak 2025-10-26 11:46:30

Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | Reuters Saudi Arabia is looking to make data its new oil — if artificial intelligence and data center company Humain gets its way. The company, owned by the Saudi kingdom's massive sovereign wealth fund, the Public Investment Fund, is looking to build out data center capacity in a country with seemingly unlimited land and abundant energy re

Topics: ai arabia billion data saudi

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Unlocking enterprise agility in the API economy

technologyreview.com Mit Technology Review Insights 2025-10-26 19:00:00

From CapEx to OpEx: The new connectivity mindset Another, practical concern is also driving this shift: the need for IT models that align cost with usage. Rising uncertainty about inflation, consumer spending, business investment, and global supply chains are just a few of the economic factors weighing on company decision-making. And chief information officers (CIOs) are scrutinizing capital-expenditure-heavy infrastructure more closely and increasingly adopting operating-expenses-based subscri

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The Trump administration’s big Intel investment comes from already awarded grants

techcrunch.com Anthony Ha 2025-10-31 15:07:30

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead, it’s simply making good on what Intel described as “grants previously awarded, but not yet paid, to Intel.” Specifically,

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The US government is taking an $8.9 billion stake in Intel

engadget.com Unknown 2025-10-31 22:26:45

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel's previously promised CHIPS Act funding into equity in the company was first reported earlier in August. A meeting between Intel CEO Lip-Bu Tan and Trump following the President's call for Tan to resign seems to be the source of the deal. "H

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US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

theverge.com Emma Roth 2025-11-01 02:45:38

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. The US is investing $8.9 billion into Intel, but most of the funds come from money that the government was supposed to pay the embattled chipmaker anyway. In an announcement on Friday, Intel said the federal government will fund its investment using the remainin

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Google scores six-year Meta cloud deal worth over $10 billion

cnbc.com Jordan Novet Jonathan Vanian 2025-11-03 02:39:50

Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company's headquarters in Menlo Park, Calif., on Sept. 25, 2024. Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter. The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The Information. Google is aiming to land big cloud contracts as it chases lar

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Google scores six-year Meta cloud deal worth over $10B

news.ycombinator.com Jordan Novet Jonathan Vanian 2025-11-03 02:34:33

Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company's headquarters in Menlo Park, Calif., on Sept. 25, 2024. Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter. The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The Information. Google is aiming to land big cloud contracts as it chases lar

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Workday beats estimates but CEO warns of challenges in education and government

cnbc.com Jordan Novet 2025-11-03 16:34:36

CEO of Workday Carl M. Eschenbach and Ana Eschenbach attend the Allen and Company Sun Valley Media and Technology Conference at The Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2025. Workday reported an earnings beat on Thursday, but issued guidance that was inline with estimates and warned of pressure in some areas. The shares slipped in extended trading. Here's how the company did relative to LSEG consensus: Earnings per share: $2.21 adjusted vs. $2.11 expected $2.21 adjusted vs.

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How does the US use water?

news.ycombinator.com Brian Potter 2025-11-03 17:21:38

Water infrastructure often gets less attention and focus than other types of infrastructure. Both the Federal Highway Administration and the Department of Energy have annual budgets around $46 billion dollars. The Department of Housing and Urban Development has an annual budget of $60 billion. The closest thing the federal government has to a department of water infrastructure, the Bureau of Reclamation, has an annual budget of just $1.1 billion. Water in the US is generally both widely availabl

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AI Is Failing at an Overwhelming Majority of Companies Using It, MIT Study Finds

futurism.com Unknown 2025-11-07 06:16:18

With AI software increasingly hogging the enterprise spotlight, companies and investors are spending like never before. In the first half of 2025, AI startups raised over $44 billion, more than all of 2024 combined. By the end of this year, a Goldman Sachs analysis estimates that total investments in AI will soar to almost $200 billion. But all that money is, to put it gently, a reckless gamble. In the US at least, investors have essentially bet the farm on the idea that AI will soon lead to ga

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Databricks says it's valued at over $100 billion in latest funding round

cnbc.com Jordan Novet 2025-11-09 16:18:28

Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it's raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance and OpenAI, according to data from CB Insights. Databricks CEO Ali Ghodsi told CNBC's Brian Sullivan that the total round will exceed $1 billion. The company was last valued by private investors at $62

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Two Years After Oceangate, Another Billionaire Hears the Siren Call of the Titanic

gizmodo.com Lucas Ropek 2025-11-09 16:15:28

Two years ago, a guy named Stockton Rush was killed while piloting his “experimental” submarine towards the site of the Titanic. On board the “Titan” were four other unfortunate victims, including Pakistani businessman Shahzada Dawood (described as a billionaire) and his teenage son. Rush’s company, Oceangate, had made its money by courting wealthy clients and taking them on trips to the undersea site, but that all ended with an unfortunate implosion. Now, yet another billionaire has reportedly

Topics: billionaire company lahey oceangate titanic

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OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?

wired.com Kylie Robison 2025-11-10 06:00:00

OpenAI is reportedly on the verge of a roughly $500 billion valuation, a figure that would make it the most valuable private company in the world—bigger than SpaceX, TikTok’s parent company Bytedance, and even public giants like Palantir. It’s a staggering number for a company with an “astronomical burn rate.” How is this even possible? As Axios reports, there are actually two deals in play: a SoftBank-led round valuing the company at $300 billion, which won’t close until year’s end, and a seco

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Intel will receive a $2 billion lifeline from SoftBank

theverge.com Emma Roth 2025-11-11 02:44:27

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. SoftBank will invest $2 billion into Intel as the struggling chipmaker pulls back on spending and lays off thousands of workers. In an announcement, SoftBank CEO Masayoshi Son said the investment aligns with the firm’s belief that “advanced semiconductor manufac

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Trump administration reportedly weighs 10% stake in Intel via Chip Act grants, making government top shareholder

cnbc.com Dylan Butts 2025-11-11 12:38:33

At the embattled chipmaker's current market value, a 10% stake would be worth roughly $10.4 billion. Meanwhile, Intel has been awarded about $10.9 billion in Chips Act grants, including $7.9 billion for commercial manufacturing and $3 billion for national security projects. As part of a potential deal, the government is also considering converting some or all of Intel's grants from the 2022 U.S. CHIPS and Science Act into equity in the company, the report said, citing a White House official and

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Analysts downplay AI bubble worries as Altman says some investors will be left 'very burnt'

cnbc.com Mackenzie Sigalos 2025-11-11 11:51:21

The artificial intelligence boom that Sam Altman helped ignite with ChatGPT in late 2022 is starting to make even him uneasy. Startups with little more than a pitch deck are raising hundreds of millions. Valuations have become "insane." Capital is chasing a "kernel of truth" with feverish speed. The OpenAI CEO still believes the long-term societal upside of AI will outweigh the froth, and he's ready to keep spending in pursuit of that goal. "Are we in a phase where investors as a whole are ov

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Trump administration eyes 10% stake in Intel using CHIPS Act funds, stock slides

9to5mac.com Marcus Mendes 2025-11-11 11:41:32

A few days ago, news broke that following a meeting with Intel CEO Lip-Bu Tan, the Trump administration was looking to take an unspecified stake in Intel. Now, Bloomberg says the number being discussed is around $10.5 billion. Here are the details. Not what the market seemed to be expecting Intel stock slid today, following Bloomberg‘s report that the Trump administration was considering converting Intel’s $10.9 billion CHIPS Act funding into an equity stake, potentially giving the U.S. govern

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Intel is getting a $2 billion investment from SoftBank

cnbc.com Kif Leswing 2025-11-11 16:50:22

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker. SoftBank will pay $23 per share for Intel's common stock, which closed on Monday at $23.66. The shares rose about 6% in extended trading to $25. The investment makes SoftBank the fifth-biggest I

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Despite Getting Billions From the Government, Elon Musk’s SpaceX Pays Basically No Taxes

futurism.com Unknown 2025-11-12 00:14:59

Despite Getting Billions From the Government, Elon Musk’s SpaceX Pays Basically No Taxes "Billionaire freeloaders don’t pay taxes." Launch and Taxes For all his trash-talk of government welfare, billionaire Elon Musk has benefited from a lot of it in his time at the helm of his businesses, including SpaceX — and according to newly leaked documents, his space firm isn't even paying any taxes, either. As the New York Times reports, internal documents show that Musk has intimated to investors t

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Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

cnbc.com Samantha Subin 2025-11-12 06:47:14

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025. Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company in 2005, is retiring from his role as chief technology officer. The stock rose about 6% in extended trading. Here's how the company did compared to LSEG estimates: Earnings: 9

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The AI Industry Is Still Light-Years From Making a Profit, Experts Warn

futurism.com Unknown 2025-11-13 11:30:44

Were you to glance at the trajectory of top AI stocks — OpenAI, Microsoft, Nvidia, and the like — you'd be convinced the industry is making money hand over fist. Look a bit deeper, however, and cracks start to show in that facade, betraying one massively inconvenient truth: that the AI industry has not yet figured out how to be profitable, and possibly never will. In interviews with the New York Times, even the most enthusiastic AI proponents were unable to spin the technology (and the industr

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OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation

cnbc.com Ashley Capoot 2025-11-13 23:57:35

Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. OpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value the company at roughly $500 billion, CNBC confirmed Friday. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a person familia

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Applied Materials sinks 14% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-14 10:01:10

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

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Latest Tech News

Nvidia's Huang touts 'full steam' AI spend while China uncertainty remains

Investors are loving Lovable

Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue

AI Bubble Watch: Nvidia Shares Skid on Middling Q2 Results

Nvidia beats on top and bottom lines. Here's why the stock is falling

Nvidia beats on top and bottom lines as data center revenue surges 56%

Nvidia Shares Skid As Data Center Q2 Revenue Disappoints

Saudi AI firm Humain is pouring billions into data. Will it pay off?

Unlocking enterprise agility in the API economy

The Trump administration’s big Intel investment comes from already awarded grants

The US government is taking an $8.9 billion stake in Intel

US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

Google scores six-year Meta cloud deal worth over $10 billion

Google scores six-year Meta cloud deal worth over $10B

Workday beats estimates but CEO warns of challenges in education and government

How does the US use water?

AI Is Failing at an Overwhelming Majority of Companies Using It, MIT Study Finds

Databricks says it's valued at over $100 billion in latest funding round

Two Years After Oceangate, Another Billionaire Hears the Siren Call of the Titanic

OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?

Intel will receive a $2 billion lifeline from SoftBank

Trump administration reportedly weighs 10% stake in Intel via Chip Act grants, making government top shareholder

Analysts downplay AI bubble worries as Altman says some investors will be left 'very burnt'

Trump administration eyes 10% stake in Intel using CHIPS Act funds, stock slides

Intel is getting a $2 billion investment from SoftBank

Despite Getting Billions From the Government, Elon Musk’s SpaceX Pays Basically No Taxes

Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

The AI Industry Is Still Light-Years From Making a Profit, Experts Warn

OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation

Applied Materials sinks 14% on weak guidance due to China demand

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