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Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. Here’s what CNBC TV producers were looking at Monday and what they’re looking at for Tuesday’s session. Pfizer reports in the morning The pharmaceutical giant announced its quarterly numbers Tuesday morning live on “Squawk Box” with Becky Quick, Andrew Ross Sorkin and Joe Kernen. The team will know the numbers and the stock price reaction. Pfizer stock has risen 5% in the three months since the…
Nvidia is playing fast and loose with its war chest as it seeks to further its momentum as a major backer of the AI boom. The company on Tuesday signed a 1 billion euro ($1.15 billion) partnership with Deutsche Telekom to establish an “AI factory” in Munich aimed at increasing Germany’s AI computing capacity by 50%. The project, called “Industrial AI Cloud,” will use more than 1,000 Nvidia DGX B200 systems and RTX Pro servers with up to 10,000 Blackwell GPUs to provide AI inference and other services to German companies while complying with German data sovereignty laws. Deutsche Telekom…
As corporate America is reeling from historic white-collar layoffs, some are wondering, “Is AI finally coming to their jobs?”The proliferation of generative and agentic artificial intelligence is a contributing factor, while recent layoff announcements by companies such as: Amazon, UPS and target It’s more than just a new technological advancement. Both companies have announced job cuts in recent weeks, saying more than 60,000 positions will be cut in total this year, but both companies say they are trying to reduce bloat, streamline operations and adapt to new business models.But with the Bureau of Labor Statistics’ monthly employment report still unreleased…
Faith Martin tells Jerry Turner it’s okay to call off weddingAdmittedly, Jerry’s feet were still pretty cold when he spoke with Faith, who gave him a rose for a first impression at the rehearsal dinner. “I sat there and I poured my heart out to her,” he recounted. “‘I made the mistake of going through with this wedding,’ I said. ‘I wish I wasn’t here, there’s no way out. I’m completely trapped.’ Faith stuck her finger in my chest and said, ‘What the hell are you doing?’ You know in your heart that this is not right, so why go…
CNBC’s Jim Cramer on Monday dismissed concerns about a concentration of market capitalization in the Magnificent Seven, saying the group is tied together by its high growth rate, not its product.”For equity investors, growth is what matters, not data centers or high-speed computing or even artificial intelligence,” he said. “The common denominator among the Magnificent Seven is growth, and growth is what the market always loves.”Magnificent Seven — Amazon, alphabet, Meta, apple, microsoft, Nvidia and tesla These are some of the most well-known companies on the market, with artificial intelligence chip giant Nvidia recently becoming the first company to reach…
Anthropic expects to generate up to $70 billion in revenue and $17 billion in cash flow in 2028, the Information reported. The growth forecast is being driven by rapid adoption of Anthropic’s business products, a person familiar with the company’s finances said. Reuters reported last month that Anthropic’s annual sales are expected to more than double, and possibly nearly triple, next year. The company is on track to achieve its $9 billion ARR goal by the end of 2025, and has reportedly set its 2026 ARR target at $20 billion to $26 billion. According to The Information, Anthropic expects to…
Justin Sullivan | Getty Imagesinstacart on Tuesday announced a series of artificial intelligence tools for grocery stores to provide a more personalized shopping experience and improve retail operations.CEO Chris Rogers told CNBC that the announcement is a major step forward in the company’s enterprise strategy, which has grown to support hundreds of digital storefronts.”This takes everything we’ve been building for retailers over the last 10 years and brings it into the AI era,” Rogers said. “It’s important to put enterprise-grade AI technology in the hands of every grocer, whether small, local independent, or national chain.”The collection of new AI solutions…
US President Donald Trump sparked alarm across Nigeria over the weekend, saying he was considering military action in Africa’s most populous country in response to what he called a “genocide” of Christians by Islamic militants. Experts and analysts say the reality on the ground is more complex and nuanced. Christians and Muslims, the two largest religious groups in the country of more than 230 million people, have both been victims of attacks by Islamic extremists. The West African country has long grappled with deep-rooted security problems caused by a variety of factors, including religiously motivated attacks. Observers say other violent…
And as Olivia battles this stage of her battle, it meant a lot that Kate, who has not revealed what type of cancer she has been diagnosed with, was able to articulate how emotionally complex it is for those going through this stage. Actually it was helpful she To be able to put it into words. “When Kate said that, she said something that I had always felt but had never been able to put into words.” of daily show alum It was reflected. “I had the same feeling, but I saw it as one big journey. But she was…
As fiscal pressures from aging populations and pandemic-era debt intensify, governments are increasingly tapping into an attractive source of funding: people’s retirement savings. Pension fund assets across the Organization for Economic Co-operation and Development have more than tripled since 2003, reaching $63.1 trillion in 2024, according to the Mercer CFA Institute Global Pension Index. Its huge growth has drawn renewed political attention as most countries grapple with debt overhangs and capital looks attractive. But the problem begins when governments step in and tell funds to invest too much in their countries, upsetting the delicate balance that fund managers have calculated…