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CNBC’s Jim Cramer on Monday hailed the drop in oil prices that sent stocks higher, but said the real action for investors will unfold at Nvidia’s GTC artificial intelligence showcase this week.Nvidia Kramer said on “Mad Money” that stocks participated in a broader stock market rally spurred by President Donald Trump’s decision to “allow Iranian oil to pass through the Strait of Hormuz.” “That caused oil prices to drop to the mid-$90s, but that’s all that matters to the (stock) average,” he added. The move allayed fears that an escalating war with Iran could disrupt global oil supplies and push…
Let’s hope there aren’t any new fights with security on Oscar night. The Academy of Motion Picture Arts and Sciences publicly condemned Teyana Taylor, who was shoved by a security guard as she tried to walk onto the stage after winning Best Picture for the film “One Battle After Another” at a ceremony on March 15. (Click here to see all the celebrities who attended the awards ceremony hosted by Conan O’Brien.) “We are deeply disturbed to learn of what Teyana Taylor endured at the end of last night’s Oscar ceremony,” the organization that oversees the Oscars told Variety in…
Benchmark general partner Bill Gurley said Monday that the artificial intelligence wave is real and that many people have struck it rich, but he expects a “reset” to come.”When people get rich quick, they get a lot of people who want to get rich too. That’s why you end up with a bubble,” Gurley said on CNBC’s “Money Movers.””Bubbles only exist if there are real waves,” Gurley said, referring to the work of economist Carlota Pérez, author of “Technological Revolutions and Financial Capital: Bubble Dynamics and the Golden Age.”The venture capitalist said that once a reset occurs, investors should keep…
Sen. Elizabeth Warren (D-MA) sent a letter to Defense Secretary Pete Hegseth on Monday expressing concern about the Pentagon’s decision to grant Elon Musk’s company xAI access to sensitive networks. “The controversial AI model Grok developed by xAI has had disturbing consequences for users, including giving them ‘advice on how to commit murder or terrorist attacks,’ generating anti-Semitic content, and creating child sexual abuse material,” the letter said. Warren said Grok’s “clear lack of adequate guardrails” could pose “significant risks to the safety of U.S. military personnel and the cybersecurity of sensitive systems.” She asked Hegseth to provide information on…
Pedro Pascal looks much different after shaving all his facial hair for the 2026 OscarsPedro Pascal A stunning new look debuts. of fantastic four stars attended Oscars 2026—Sponsored by Conan O’Brien Fans did a double-take when they saw his new clean-shaven look on the carpet at the Dolby Theater in Hollywood on March 15. In fact, Pedro wore a custom Chanel look to the awards ceremony. Jacketless tuxedo shirt with starburst floral brooch made of silk and feathers. But in addition to the jacketless look, the 50-year-old had noticeably lost his mustache. Last sport you watched during his appearance bad…
President Donald Trump on Monday complained that some countries are not joining the coalition to escort tankers through the Strait of Hormuz. “Some people are very enthusiastic about it, and some people are not so enthusiastic about it,” Trump said at a news conference. “And I think there are some people who won’t do it. I think there’s one or two people who won’t do it, which we’ve spent tens of billions of dollars defending for about 40 years.”President Trump is pressuring U.S. allies to send troops to export oil through the strait. The Iranian attack has sharply reduced tanker…
Nvidia CEO Jensen Huang laid out a lot of numbers (mostly technical) during his Monday keynote to kick off the company’s annual GTC conference in San Jose, California. But there was one financial number that definitely caught investors’ attention. It’s his prediction that orders for NVIDIA’s Blackwell and Vera Rubin chips will be worth $1 trillion, a financial reflection of the rapid growth of the AI business. About an hour into the keynote, Huang pointed out that NVIDIA last year predicted there would be about $500 billion in demand for its Blackwell chips and upcoming Rubin chips by 2026. “I…
Nvidia announced the launch of a computing platform for orbital data centers that is expected to be the next step in artificial intelligence in space at the GTC 2026 conference on Monday.”The final frontier of space computing has arrived,” said CEO Jensen Huang. “As we deploy satellite constellations and explore deeper into space, intelligence must reside wherever data is generated.”The company said in a press release that the Vera Rubin Space-1 modules, including the IGX Thor and Jetson Orin, will be used in space missions led by multiple companies. The chip is specifically “designed for size, weight, and power constrained…
Nvidia CEO Jensen Huang speaks during the keynote address at Nvidia’s GTC conference on March 16, 2026 in San Jose, California. Nvidia’s GTC conference focuses on recent developments and future uses of AI. Benjamin Fanjoy | Getty Imagesin Nvidia’s At the company’s annual developer conference on Monday, CEO Jensen Huang told a packed room that he expects orders between Blackwell and Vera Rubin to reach $1 trillion by 2027. Last year, the company predicted that the two chip technologies would represent a $500 billion revenue opportunity. Following Nvidia’s earnings report last month, finance chief Colette Kress said the company expects…
Nvidia CEO Jensen Huang delivers the keynote address at the company’s annual GTC developer conference at SAP Center in San Jose, California on March 16, 2026. Josh Edelson | AFP | Getty ImagesNvidia We are currently expanding our self-driving car development business with Hyundai Motors. nissan motors In addition to Isuzu, Chinese automaker BYD and software chip giant Geely Automobile made the announcements on Monday.The new partnership is related to Nvidia’s AV platform Drive Hyperion. The system helps companies develop and deploy driver assistance and autonomous driving capabilities for “Level 4” AVs. This feature is the ability to drive without…