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Top related persons:
— CNBC's Kristina Partsinevelos - 3 Arvind Krishna - 1 James Kavanaugh - 1 Biden - 1 chipmaker – - 1 Jeff Marks - 1 Marks - 1 Jim Cramer's - 1
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China U.S Santa Clara , California New Delhi Macao United States
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CNBC - 3 Nvidia - 2 Commerce Department - 2 U.S - 2 Intel - 2 IBM - 1 LSEG - 1 StreetAccount - 1

Search resuls for: "— CNBC's Kristina Partsinevelos"


3 mentions found


☆ IBM shares rise after earnings top estimates in ‘uncertain, volatile’ economy
  + stars: | 2024-01-24 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Net income, at $3.29 billion, or $3.55 per share, increased from $2.71 billion, or $2.96 per share, in the year-ago quarter. The company confronted "a very challenging, uncertain, volatile macroeconomic environment," Chief Financial Officer James Kavanaugh said in an interview with CNBC. Free cash flow for the year totaled $11.2 billion, more than the $10.5 billion that management had called for. IBM said software revenue came to $7.51 billion, up 3% but less than the $7.67 billion consensus among analysts surveyed by StreetAccount. Consulting revenue, at $5.05 billion, grew about 6% and ended up less than the $5.12 StreetAccount consensus.
Persons: Arvind Krishna, James Kavanaugh, — CNBC's Kristina Partsinevelos Organizations: IBM, LSEG, CNBC, StreetAccount, Consulting, IBM's, Software AG Locations: New Delhi
☆ With new U.S. export restrictions, can Nvidia thrive in the long term without China?
  + stars: | 2023-10-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com   time to read: +5 min
The U.S. government plans to restrict the sale of advanced AI chips to China in the coming weeks, the Commerce Department announced Tuesday. KeyBanc Capital Markets said Tuesday that the new restrictions are a negative for Nvidia, arguing "it will ultimately be difficult to backfill China demand." The A800 and H800 are modified versions of Nvidia's cutting-edge AI chips used in data centers, known as the A100 and the more recent H100. To comply with the new rules, Nvidia created the A800 and H800 chips, which had slower data-transfer speeds and therefore didn't violate the export controls. The latest export controls, which U.S. officials said will go into effect in 30 days, again threaten those sales.
Persons: Biden, chipmaker –, Jeff Marks, Marks, — CNBC's Kristina Partsinevelos, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nvidia, Commerce Department, KeyBanc, Markets, Microsoft, Oracle, U.S, supercomputing, Intel, Devices, CNBC, NVIDIA Locations: China, U.S, Santa Clara , California
☆ U.S. curbs export of more AI chips, including Nvidia H800, to China
  + stars: | 2023-10-17 | by ( Kif Leswing | ) www.cnbc.com   time to read: +4 min
The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. Those earlier restrictions banned the sale of the Nvidia H100, which is the processor of choice for AI firms in the U.S. such as OpenAI. The new rules will ban those chips as well, senior administration officials said in a briefing with reporters. Other rules will likely hamper the sale and export to China of semiconductor manufacturing equipment from companies such as Applied Materials , Lam and KLA. Companies that want to export AI chips to China or other embargoed regions will have to notify the U.S. government.
Persons: Gina Raimondo, They're, Raimondo, " Raimondo, — CNBC's Kristina Partsinevelos Organizations: Nvidia, U.S . Department of Commerce, Broadcom, Marvell, AMD, Intel, KLA, U.S, CNBC, . Commerce, ., Commerce Department Locations: Santa Clara , California, China, U.S, Macao, United States
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