Nvidia CEO reportedly targeted by suspected Chinese spy | Nvidia
U.S. intelligence agencies believe Nvidia CEO Jensen Huang was the target of a suspected Chinese spy who had done business with him, according to a new report from the New York Times. Alice Huang or Huang Le, no relation to the Nvidia CEO, is an…
Alphabet stock plunges as Google parent loses nearly $500 billion
Kaltbaum Capital Management President Gary Kaltbaum joins “The Claman Countdown” to analyze the Nasdaq’s sharp decline amid concerns over technology and AI spending, Alphabet’s sharp selloff and more. Google parent Alphabet lost…
Stock market today: Dow, S&P 500 and Nasdaq futures fall as Amazon and Intel profits shake investors
U.S. stock futures fell during the last trading day of the month as earnings from Amazon (AMZN) and Alphabet (GOOG, GOOGL) this week reignited concerns about the amount of money big tech is spending on its AI ambitions. Contracts for the Nasdaq-100…
Amazon, Alphabet, SpaceX and Meta are all to blame for tech stocks’ new rout
Don’t blame weak forecasts from Intel (INTC), linked to a prolonged shortage of memory chip supplies, for the new rout of technology stocks. Blame hyperscalers like Amazon (AMZN), Alphabet (GOOGL), and Meta (META) for failing to properly guide Wall…
Utah pursues Kalshi. Federal government sues Utah.
Utah officials have filed criminal charges against prediction market Kalshi and its two co-founders for allegedly illegally offering gambling to state residents. Tarek Mansour and Luana Lopes Lara each face one count of unlawful activity, a second-degree…
Wendy’s, struggling with beef prices and growing competition, receives buyout offer
Shares of Wendy’s jumped more than 14% Wednesday after high-profile investor Nelson Peltz made an offer to buy the chain, which is struggling with high beef prices and aging stores. Peltz’s Trian Fund Management and several partners are…
Amazon CEO Says Sales Agents Like Meta’s Muse Are ‘Not Great’
Amazon Chief Executive Andy Jassy told investors on Thursday not to worry about robots taking over his online store and rendering it useless. Jassy’s comments, made during a call with analysts following the company’s quarterly earnings…
Amazon, Intel Stocks Fall After Earnings on Concerns About AI Spending
CFOTO | Future publications | Getty Images Amazon And Intel Shares were lower in premarket trading Friday after reporting September quarter numbers that disappointed investors, sending Nasdaq futures down 2% and capping a week of gross profits in the…
AWS will be a billion-dollar company, says Jassy, but first it will spend a lot
Andy Jassy said he believes AWS can generate revenue that could generate billions of dollars. During Amazon’s quarterly earnings conference call on Thursday, he reiterated that ambition. “What we’re building at Amazon is unlike anything…
ServiceNow stock just plunged more than 20% in a single day. Here’s what he did after his other biggest drops.
ServiceNow (NOW -26.95%) the stock is down sharply on Thursday. As of this writing, shares of the workflow software company stand at nearly $112, down about 25% from Wednesday’s close of $150.13. This puts the stock on track for its worst day since…