Sam Altman, who is a US entrepreneur, investor, programmer, and founder and CEO of OpenAI, has returned as the CEO after several days of crisis and tumult. The previous leadership that ousted Altman has been replaced by three new board members, leaving the new board to be fully built. Negotiations are said to be underway…
Nvidia Rocketed Revenue Earnings and Gross Margins in Third Quarter Fiscal 2024 Nvidia (NVDA) has once again exceeded sky-high expectations in its quarterly report, with revenue surging 206% year-over-year to $18.12 billion for the third quarter of fiscal 2024. This impressive performance beat analyst forecasts and reflects a 593% growth in adjusted earnings-per-share to $4.02….
Nvidia’s Stock Hits All-Time High on Eve of Earnings Report Shares of Nvidia soared to an all-time high on Monday, closing up 2.3% at a peak of over $503. The surge came just before the company’s fiscal third-quarter earnings release, where analysts are predicting a remarkable over 170% revenue growth. Furthermore, premonitions for the fiscal…
Stock Market Sees Carnage Due to U.S. Monetary Policy Shift The Federal Reserve’s abandonment of easy-money policies has led to a fight to squash inflation, marking a dramatic shift in U.S. monetary policy. Investors have had to adapt to this new reality, with stock prices seeing significant drops since January 2022. Notably, major U.S. equity…
Meta Disbands Responsible AI Team, Reassigns Members to Generative AI and AI Infrastructure Divisions The CEO of Meta, Mark Zuckerberg, attended a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C. on September 13, 2023. Meta has disbanded its Responsible AI division, a team dedicated to regulating the safety of…
In a tweet late Friday night, Elon Musk, the CTO of social media platform X, threatened to file a lawsuit against Media Matters and others for what he called a “fraudulent attack” on their company. This came after a report last week from Media Matters for America (MMFA) showed ads for mainstream brands on X…
CNBC Investing Club with Jim Cramer: Key Moments from Monday’s Morning Meeting The CNBC Investing Club with Jim Cramer held its Morning Meeting livestream at 10:20 a.m. ET on Monday, discussing the latest developments in the stock market. Here are the key moments from the meeting: 1. U.S. equities experienced pressure on Monday, with the…
Stock Market Surges Despite Mixed Earnings – What’s Driving the Rally? In a surprising turn of events, the stock market has surged over the past two weeks, despite underwhelming performance from some of its largest players. Companies like Apple (AAPL), Amazon (AMZN), Meta Platforms (META), and Alphabet (GOOGL) have all reported mixed earnings, yet their…
Prenuvo’s MRI machines are revolutionizing the patient experience and saving lives. Dr. Julianne Santarosa discovered a cancerous nodule in her lungs thanks to a Prenuvo full-body scan obtained at the cost of $2,500. With no prior symptoms, Santarosa would have not been aware of the dangerous condition had it not been for her gut feeling…
CNBC Investing Club Mailbag: Understanding the Full Position of Stocks in the Portfolio In our latest edition of the CNBC Investing Club Mailbag, we tackle an important question from Scott L. He wants to know about the full position of the stocks in our portfolio and how to establish that level for himself. The answer…
