Tag: Technology

CNBC Daily Open: Everyone’s waiting for Nvidia

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.Angela Weiss...

Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

He Xiaopeng, founder of Chinese EV company Xpeng, said on Aug. 27 that the startup's next ten years will focus on integrating artificial...

Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000

Cryptocurrencies fell Tuesday evening as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange.The price of bitcoin was last...

NFL wants a cut of private equity investment profits

Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during...

Buy now, pay later firm Klarna swings to first-half profit ahead of IPO

"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna said it posted a profit...

Xpeng releases mass-market EV with basic driver-assist for less than $20,000

Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters' showroom in Guangzhou, China, on Aug. 26, 2024.CNBC |...

Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report

Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersFor Nvidia...

Russia warns France over Telegram founder’s detainment, suggests it may be politically motivated

Telegram founder and CEO Pavel DurovAOP.Press | Corbis | Getty ImagesRussia on Tuesday issued words of caution to France over its detainment of...

Volkswagen China is spending lots of time at Xpeng to make new EVs

Top Volkswagen and Xpeng executives pose at the German automaker's launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty...

Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition

Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26,...

Shares of Temu parent company PDD plunges almost 29%; ‘too large a correction’, says analyst

Jakub Porzycki | Nurphoto | Getty ImagesThe nearly 30% drop in shares of Chinese online retailer PDD Holdings is "too much of a...

This Nvidia partner says it can cut data center energy use by 50% as AI boom strains power grid

The HyperCube utilizes advanced immersion cooling technology.Sustainable Metal CloudThe artificial intelligence boom is ramping up demand for more powerful processors as well as...