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☆ Jacob Zuma has made a dramatic comeback in South Africa’s elections. Will he have the last laugh over Ramaphosa?
▼ + stars: | 2024-06-05 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +10 min

Johannesburg, South Africa CNN —South Africa’s African National Congress (ANC) party faces a mammoth challenge as it needs to form a government with its political rivals after suffering a seismic blow in last week’s election. However, both parties believe in the primacy of South Africa’s constitution and both have promised to crack down on corruption. If the ANC decides to pursue coalition talks with MK, then Zuma will want Ramaphosa out, solidifying his revenge. However, if South Africa’s president maintains his grip on the ANC, a coalition with MK is unlikely. South Africa’s business community and middle class are broadly nervous about an EFF–ANC coalition and its effect on investor confidence.

Persons: Mahlengi, Motsiri, Jacob Zuma, Zuma, Cyril Ramaphosa –, –, ”, Tessa Dooms, ” Dooms, Ramaphosa, Gupta, Ramaphosa’s, Fikile Mbalula, “, John Steenhuisen, Steenhuisen, TK Pooe, Paul Mashatile, Zuma “ unapologetically, Melanie Verwoerd, Verwoerd, Julius Malema, Malema, Floyd Shivambu, Mandela, Klerk, Thabo Mbeki Organizations: South Africa CNN, National Congress, ANC, South, MK, who’ve, CNN, Sunday, Democratic Alliance, White South, DA, EFF, Fighters, Wits School, Governance, Empowerment, ANC’s, National Health Insurance, Freedom Party, IFP, Reserve Bank, Finance, GNU, FW Locations: Johannesburg, South Africa, Africa, Zulu

☆ Nvidia will remain 'top dog' in the AI chip battle, says tech investor Paul Meeks
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia will remain 'top dog' in the AI chip battle, says tech investor Paul MeeksPaul Meeks, Harvest Portfolio Management co-CIO, joins 'Squawk Box' to discuss the AI chip competition between Nvidia, AMD and Intel, which company has the upper hand in the AI chip battle, and more.

Persons: Paul Meeks Paul Meeks Organizations: Nvidia, Management, AMD, Intel

☆ Judge Cannon expands hearing on Trump’s request to declare special counsel’s appointment invalid
▼ + stars: | 2024-06-04 | by ( Dan Berman | Katelyn | ) edition.cnn.com time to read: +6 min

Cannon is planning on holding a sprawling hearing on Trump’s request to declare Jack Smith’s appointment as special counsel invalid, signaling she could be more willing than any other trial judge to veto the special prosecutor’s authority. Wednesday, Cannon went further, adding a hearing on a gag order request from prosecutors to limit Trump’s rhetoric about law enforcement and allotting more time to hear arguments on the special counsel issue. Cannon’s signal of willingness to entertain challenges to the special counsel comes in the same week Republicans are bearing down on Attorney General Merrick Garland for his use of special counsels. A third group says the Department of Justice’s use of a special counsel should be upheld. Cannon still agreed to the hearing Trump wanted.

Persons: Aileen Cannon, Donald Trump’s, Cannon, Jack Smith’s, It’s, –, Trump, Evan Corcoran, Hunter, didn’t, Paul Manafort’s, Robert Mueller’s, Andrew Miller, Roger Stone, General Merrick Garland, David Weiss, Hunter Biden, – Cannon, ” Bradley Moss, Edwin Meese, Michael Mukasey, Meese, Mukasey, ’ Organizations: CNN, FBI, Trump, Southern District of, Justice Department, Republican Locations: Los Angeles and Delaware, Southern District, Southern District of Florida, Delaware, Washington ,

Washington CNN —Attorney General Merrick Garland appeared defiant Tuesday as he spent hours fielding questions from lawmakers on a range of topics, occasionally sparring with Republican House members seeking to use his testimony to attack the Justice Department. “These repeated attacks on the Justice Department are unprecedented, and they are unfounded,” he told lawmakers. “I will not be intimidated, and the Justice Department will not be intimidated. “It is not the fault of the Department of Justice that Donald Trump has surrounded himself with criminals,” Lieu said. “Trump brought that upon himself.”Lieu also noted that President Biden’s son Hunter is being prosecuted “in federal court right now” by Garland’s Justice Department.

Persons: General Merrick Garland, Garland, Donald Trump, Hunter Biden, Garland’s, Joe Biden’s, Robert Hur, ” Garland, lobbed, ”, “, Biden, Trump, Jack Smith’s, Jim Jordan, Jack Smith, Smith, Jordan, Hunter Biden’s, Ben Cline, Cline, Ted Lieu, Paul Manafort, Rick Gates, George Papadopoulos, Michael Cohen, Roger Stone, Elliott Broidy –, ” Lieu, “ Trump, Biden’s, Hunter Organizations: Washington CNN, Republican, Justice Department, GOP, Department, DOJ, CNN, Manhattan District, Republicans, Trump, Manhattan District Attorney, Justice, Ohio Republican, White House, Democratic, Department of Justice, Garland’s Justice Department Locations: New York, York, Washington ,, Florida, Delaware, Trump

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ AMD announces new AI chips amid intensifying competition with Nvidia, Intel
▼ + stars: | 2024-06-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.

Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei

☆ A writer did everything from BASE jumping to scuba-diving with women over 50. She learned 3 things about healthy aging.
▼ + stars: | 2024-06-01 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Some of the women had been adventuring their whole lives, while it took others a little longer — but all of them were active, healthy, and happy. Related storiesPaul shared three things she learned about healthy aging while researching her book. Being in nature has a range of health benefits82-year-old Louise Wholey, who Paul interviewed for her book, scuba diving. Advertisement"You don't have to wing walk, you don't have to scuba dive.

Persons: —, Caroline Paul, Shawn Brokemond, Paul, needn't, Louise Wholey, it's, Heidi, Dacher Keltner Organizations: Service, El, Business, Bloomsbury Publishing, University of Massachusetts, University of California, New Locations: Yosemite, El Capitan, New Yorker

☆ Mike Tyson vs. Jake Paul match delayed due to Tyson’s medical issue
▼ + stars: | 2024-05-31 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Mike Tyson’s highly-anticipated match against YouTuber-turned-boxer Jake Paul has been postponed after Tyson suffered an ulcer flareup earlier this week, Tyson’s publicist and Netflix announced Friday. “I want to thank my fans around the world for their support and understanding during this time. Jake Paul, this may have bought you some time, but in the end you will still be knocked out and out of boxing for good. Tyson, who will turn 58 at the end of June, has said his preparations for the bout include giving up both sex and marijuana. And he’s shown off his chiseled physique in several TV appearances – proof, he says, he’s still a match for 27-year-old Paul.

Persons: Mike Tyson’s, Jake Paul, Tyson, “, ” Tyson, ”, Paul, Mike Tyson, ” Paul, Tyson’s, Roy Jones Jr, Evander Holyfield’s, he’s Organizations: CNN, YouTuber, Netflix, Hall of Fame, T, Dallas Cowboys Locations: Miami, Los Angeles, Arlington , Texas

☆ We're cutting our price target on Salesforce after mixed earnings, soft guidance
▼ + stars: | 2024-05-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The company's balance of margin expansion with the potential for faster top-line growth should lead to strong earnings growth. Non-GAAP operating margin benefited from the lower cost of revenues, sales and marketing, and general and administrative expenses. Management reduced its revenue growth forecast for the subscription and support business to slightly below 10% over last year. The adjusted operating margin target of 32.5% was reaffirmed and is in line with expectations. For the second quarter, Salesforce estimates revenues of $9.2 to $9.25 billion, below the $9.345 billion estimate.

Persons: Salesforce isn't, Brian Millham, Marc Benioff, we've, Salesforce, That's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, SAP, Microsoft, Nvidia, CRM, Management, buybacks, CNBC, Bloomberg, Getty Locations: San Francisco , California, U.S

☆ The Ingredient That Unites My Favorite Salads
▼ + stars: | 2024-05-29 | by ( Eric Kim | ) www.nytimes.com time to read: +2 min

I cleared those plates, tempted every time to sneak a rehydrating taste when there were leftovers. On my last day, the managers said I could order anything I wanted: I sat at a table, a diner for the first time, and ordered the salad. The salads of my youth, the ones I most remember, all have this effect — and they all have cheese. The contrast between cool, anchoring base note (fruit, vegetable or lettuce) and salty, creamy accent (cheese) is what makes a bite of these salads feel like more than just salad. The day I interviewed for my first food-writing job, even before getting the offer, I celebrated with a glass of rosé and a Caesar salad.

Persons: Paul McCartney, John Lennon, Branch, Jessica Harp, Adam Baumgart, Gabrielle Hamilton’s, ” Organizations: Brooklyn Locations: St, Augustine, Fla, Parmigiano, New York City

☆ Why Eli Lilly shares should be up on its latest news, plus Nvidia keeps rolling
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

"There's not enough money to take up Nvidia this much and the rest of the market," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.

Persons: Jim Cramer, Salesforce, CNBC's David Faber, Lilly, Eli Lilly, Cramer, Abercrombie &, Jim Cramer's, Jim, Jensen Huang, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Management, Abercrombie, Abercrombie & Fitch, Chewy, Dick's Sporting Goods, Advance, Jim Cramer's Charitable, Technology, Bloomberg, Getty Locations: Informatica, HubSpot, Indiana, San Jose , California

☆ Super Micro Computer shares were choppy after Nvidia earnings. Here's where analysts see it going
▼ + stars: | 2024-05-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Super Micro Computer emerged as an investor darling early this year, as Wall Street unearthed the stock, driving it higher with gains that rivalled even Nvidia's. After Nvidia reported blockbuster earnings last Wednesday, Super Micro's shares were rocky again. The prominence of data centers in the AI boom is another tailwind for Super Micro, BofA noted, given the cooling needs of such centers. BofA reiterated its buy rating on Super Micro, giving it a price target of $1,090, or potential upside of about 23%. In a May 20 note, JPMorgan said it has an overweight rating on Super Micro.

Persons: BofA, Supermicro, Paul Meeks, Meeks, JPMorgan, — CNBC's Michael Bloom Organizations: Micro, Super, Nvidia, Wall, Portfolio Management, CNBC, JPMorgan, Intel, AMD Locations: United States

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ US pier constructed off Gaza has broken apart
▼ + stars: | 2024-05-28 | by ( Oren Liebermann | Natasha Bertrand | ) edition.cnn.com time to read: +3 min

The pier was “damaged and sections of the pier need rebuilding and repairing,” Pentagon deputy press secretary Sabrina Singh said on Tuesday. Earlier, four US officials told CNN the pier broke apart in heavy seas. The temporary pier, called the Joint Logistics Over the Shore (JLOTS), requires very good sea conditions to operate. The US has stressed that the temporary pier is only meant to augment humanitarian shipments going through the land crossings between Israel and Gaza. CORRECTION: This story has been updated to reflect that the pier broke apart on Tuesday.

Persons: Sabrina Singh, Singh, ” Singh, Brad Cooper, Daniel Dieckhaus, USAID’s, CNN’s Paul Murphy Organizations: CNN, Pentagon, US, Command, NBC News, US Army, US Central Command, Israeli Navy, Technologies, United Nations, Management Locations: Gaza, Ashdod, Israel, Cyprus

☆ Bruce Springsteen postpones concerts in Marseille, Prague and Milan due to ‘vocal issues’
▼ + stars: | 2024-05-26 | by ( Heather Chen | Dave Alsup | ) edition.cnn.com time to read: +1 min

CNN —Bruce Springsteen has postponed concerts in three European cities over the next two weeks due to vocal issues. The legendary rocker, 74, was due to perform with E Street Band in Marseille, Prague and Milan. He canceled two US shows in March and August over other health issues. He accepted the honor in a hoarse voice, which he attributed to an evening spent singing in the quintessentially British rain. “I’m gonna sound really weird up here because I sang in the rain all night last night,” he said in a speech.

Persons: CNN — Bruce Springsteen, Bruce, ”, “, Springsteen, Ivor Novello, Paul McCartney Organizations: CNN, Ivor Locations: Marseille, Prague, Milan, U.S.A, Philadelphia, London

☆ Paul McCartney roasts Bruce Springsteen at London awards ceremony
▼ + stars: | 2024-05-24 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +2 min

London CNN —Bruce Springsteen became the first international songwriter to be awarded a fellowship of the Ivors Academy in its 80-year history – but he had to put up with some ribbing from one of his most famous peers first. At the Ivor Novello Awards ceremony at Grosvenor House in London Thursday night, Springsteen was inducted into the fellowship by Paul McCartney, who was the academy’s first-ever fellow. “He’s known as the American working man, you know?” a clip of the ceremony posted to social media showed McCartney saying. “There is no one more fitting than Bruce Springsteen to be the first international songwriter inducted into our Fellowship,” Tom Gray, chair of the academy, said in a press release. “I’m gonna sound really weird up here because I sang in the rain, all night last night,” he said in a speech.

Persons: London CNN — Bruce Springsteen, Ivor Novello, Springsteen, Paul McCartney, couldn’t, Bob Dylan …, Paul Simon, Billy Joel, Taylor Swift, he’d, “, McCartney, he’s, ”, Bruce Springsteen, ” Tom Gray, Bruce, ” Springsteen, –, Rolling Stone, Lana Del Rey, KT Organizations: London CNN, Ivors Academy, Ivor, Grosvenor House, BBC, United Kingdom’s, KT Tunstall Locations: London, American, Skepta, Raye

☆ Russia, in New Push, Increasingly Disrupts Ukraine’s Starlink Service
▼ + stars: | 2024-05-24 | by ( Paul Mozur | Adam Satariano | ) www.nytimes.com time to read: +1 min

Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military since the earliest days of the war with Russia. Without the full service, Ukrainian soldiers said, they couldn’t quickly communicate and share information about the surprise onslaught and resorted to sending text messages. Their experiences were repeated across the new northern front line, according to Ukrainian soldiers, officials and electronics warfare experts. As Russian troops made gains this month near Kharkiv, Ukraine’s second-largest city, they deployed stronger electronic weapons and more sophisticated tools to degrade Starlink service, Ukrainian officials said.

Persons: Elon Musk’s, Starlink Organizations: 92nd Assault Brigade, Elon, Elon Musk’s SpaceX, Mr, SpaceX Locations: Ukrainian, Russia, Kharkiv, Ukraine’s, Ukraine, United States

☆ Paul McCartney roasted Bruce Springsteen telling him Taylor Swift is more deserving of his lifetime achievement award
▼ + stars: | 2024-05-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Paul McCartney roasted Bruce Springsteen at the Ivor Novello Awards on Thursday. The Beatle joked that other singers were more deserving of his lifetime achievement award. McCartney joked Bob Dylan, Beyoncé, and Taylor Swift would be more fitting recipients. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSir Paul McCartney roasted Bruce Springsteen when he presented him with a lifetime achievement award at the Ivor Novello Awards on Thursday, and joked that stars including Taylor Swift were more deserving.

Persons: Paul McCartney, Bruce Springsteen, Ivor Novello, McCartney, Bob Dylan, Beyoncé, Taylor Swift, —, Sir Paul McCartney, Springsteen Organizations: Ivor, Service, Ivors Academy, Business Locations: British

☆ Sam Altman's time as the golden child of tech might be coming to an end
▼ + stars: | 2024-05-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAI's golden boy, Sam Altman, may be starting to lose his luster. The company has also been dealing with comments from former executives that its commitment to AI safety leaves much to be desired. This story is available exclusively to Business Insider subscribers. ScaJo scandalThe criticism around AI safety is the latest blow for Altman, who is fighting battles on multiple fronts.

Persons: —, Sam Altman, Gretchen Krueger, Jan Leike, Ilya Sutskever, Altman, Stuart Russell, Russell, Scarlett Johansson, Paul Morigi, OpenAI Organizations: Service, Business, Wednesday, UC Berkeley, Microsoft Locations: OpenAI, Russian

☆ A Tesla owner says his car’s ‘self-driving’ technology failed to detect a moving train ahead of a crash caught on camera
▼ + stars: | 2024-05-23 | by ( Ben Goggin | ) www.cnbc.com time to read: +5 min

"You do get complacent that it knows what it's doing," he said of the Tesla technology. Doty, a certified general appraiser in Ohio, was driving at around 60 mph, according to a Tesla crash report. The speed limit on the road was 55 mph, according to Doty and a police report associated with the accident. Drivers can request crash reports from Tesla, which are generated using data individual cars send to Tesla servers. The Tesla report shows that the car maintained a speed of around 60 mph while in Full Self-Driving mode before Doty slammed on the brakes and turned the wheel.

Persons: Craig Doty, Craig Doty II, Tesla's, Doty, David Paul Morris, Tesla, Elon Musk, Mike Blake Organizations: NBC News, Tesla, NBC, Bloomberg, Getty, National, Traffic Safety Administration Locations: Ohio, Encinitas , California, U.S

☆ Tech investor says this is what worries him the most about AI product vendors
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech investor says this is what worries him the most about AI product vendorsPaul Meeks of Harvest Portfolio Management discusses his biggest concerns about semiconductor companies amid the technology and A.I boom, and NVIDIA's blowout earnings report.

Persons: Paul Meeks Organizations: Tech, Portfolio Management

☆ 7 quirky plans for Neom, from robot hotel clerks to swim lanes for commuters
▼ + stars: | 2024-05-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Read previewSaudi Arabia has grand plans for its Neom megaproject. The city is part of Saudi Crown Prince Mohammed bin Salman's Vision 2030 project , which plans to revolutionize the country's oil-dependent economy for a post-fossil fuel future. Swim lanes for commutersThe megacity is also considering including swim lanes for commuters, according to a Neom "style catalog" seen by Bloomberg. Neom planners are reportedly considering including canals with swimmable water, which would allow residents to swim to work or school. A robot and AI networkNeom has grand plans to be the most high-tech city in the world.

Persons: —, It's, Prince Mohammed bin Salman's, Jan Paterson, Neom's, Neom, Nadhmi Al, Nasr, Wayne Borg, Paul Marshall Organizations: Service, Business, Planners, Bloomberg, Wired, BBC Locations: Saudi Arabia, Saudi, Neom, Aqaba, Treyam, Neom's

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Nvidia shares pass $1,000 for first time on AI-driven sales surge
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. Revenue: $26.04 billion vs. $24.65 billion expected by LSEG Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was anticipating earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue.

Persons: Jensen Huang, Blackwell, Nvidia, David Paul Morris, Colette Kress, Lama, Kress Organizations: Nvidia, Nvidia Corp, Technology Conference, Bloomberg, Getty, Google, Microsoft, Meta Locations: San Jose , California

London CNN —WikiLeaks founder Julian Assange will find out Monday whether he can make a final challenge against his extradition to the United States. LEON NEAL/AFP/Getty Images Assange attends a seminar at the Swedish Trade Union Confederation in Stockholm on August 14, 2010. LEON NEAL/AFP/Getty Images Assange and his bodyguards are seen after a news conference in Geneva, Switzerland, in November 2010. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: Julian Assange, Assange, Victoria Sharp, Jeremy Johnson —, Stella Assange, ” “ Julian, ”, Kristinn Hrafnsson, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Chelsea Manning, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, “, Albanese’s, Joe Biden, Trump, Biden, Sunna, it’s, Alan Rusbridger Organizations: London CNN, Foreign Press Association, Court, European, of Human Rights, WikiLeaks, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, British, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Army, Ecuadorian, Ecuador, Southwark Crown, Australian, Parliamentary, of Europe, Prospect Magazine Locations: United States, London, Westminster, Afghanistan, AFP, Stockholm, Iraq, Geneva, Switzerland, Sweden, Ecuador, Austin , Texas, Ecuadorian, United Nations, United Kingdom, Quito, Southwark, London’s, Australia

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