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Tag Archives: CNBC
Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
OpenAI CEO Sam Altman’s stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.
AMD shares fall as forecast fails to impress despite strong AI growth
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.
Snap shares jump 10% on profit beat, stock buyback
Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.
Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts’ estimates and gave a forecast for the current period that was well ahead of estimates.
Alphabet to report Q3 earnings after the bell
The company faced increased antitrust activity during the quarter.
23andMe appoints three new board members following abrupt resignations
23andMe appointed three new independent directors to its board, the company said Tuesday.
Apple announces new and smaller Mac Mini with first redesign since 2010
Apple is framing the new Mac Minis, like all of its new products announced this year, as built for Apple Intelligence.
Oracle announces new AI-powered electronic health record
Oracle on Tuesday announced a brand new electronic health record that features new cloud and artificial intelligence capabilities.
PayPal beats on earnings but misses on revenue
PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.
AI boom thrusts Europe between power-hungry data centers and environmental goals
The growth in demand for AI could come at a cost to Europe’s decarbonization goals as the specialized chips used by firms like Nvidia are expected to result in a rise in energy use of already power-hungry data centers.