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She wrote two more bills that same week supporting Julian Assange and Edward Snowden, who were behind two of the biggest US national security leaks of the 21st Century. Both men are broadly seen as enemies of the state within the intelligence community. Gabbard proposed repealing Patriot ActIf confirmed, Gabbard will be the most markedly anti-surveillance official to lead the intelligence community in the post-9/11 era. Some prominent Republicans like former Trump national security adviser John Bolton and former Trump UN ambassador and 2024 GOP presidential candidate Nikki Haley have come out against her. Scott Olson/Getty ImagesGabbard is in many ways a stranger to the intelligence community.

Persons: Donald Trump’s, spymaster, Tulsi Gabbard, Daniel Ellsberg, Gabbard, ”, Ellsberg, Julian Assange, Edward Snowden, It’s, MAGA, Trump, Assange, Marco Rubio, Elise Stefanik, Mike Waltz, she’s, scot, Jamil Jaffer, George W, Bush, White, George Mason University’s, Snowden, Alexandria Ocasio, Cortez, Assange —, Sen, Rand Paul, Justin Amash, Matt Gaetz, Gabbard’s Snowden, Bill Pugliano, Tulsi, Drew Angerer, Glenn Gerstell, —, Gerstell, ” Gerstell, She’s, neocons, ” “, Vladimir Putin’s, Biden, “, Hannity, Steven Ferdman, cynically, John Bolton, Nikki Haley, DNI, ” Haley, Hillary Clinton, Assad, Obama, Tom Williams, CNN Gabbard, Bashar Assad, Nancy Pelosi, Gabbard’s, we’ve, Trump’s, Qasem Soleimani, ” ‘, Donald Trump, Scott Olson, Democratic Sen, Chuck Schumer, ” Gabbard Organizations: CNN, Democratic, Pentagon, The New York Times, Washington Post, US, National Intelligence, Republican Party, WikiLeaks, National Security Institute, George, National Security Agency, — Democratic, Trump, FBI, Fox, Patriot, Foreign Intelligence, Congress, Capitol, Defense Department, Democrat, Republican, NATO, Fox News Channel Studios, Trump UN, GOP, blindsided, Hawaii National Guard, House Armed Services Committee, Syrian, ISIS, Democratic Party, Lawmakers, Gabbard Locations: Syria, Ukraine, Russia, Alexandria, —, Washington, Detroit , Michigan, Gabbard, Washington ,, China, Hawaii, American, Moscow, New York City, Kremlin, Iraq, Lebanon, Ohio, La Crosse , Wisconsin, United States

☆ Nvidia shares slump 3% in premarket as quarterly revenue growth slows
▼ + stars: | 2024-11-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

POLAND - 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)Nvidia shares dropped in U.S. premarket trading Thursday after the tech giant's third-quarter earnings failed to impress investors. ET, following the Wednesday release of Nvidia's quarterly results, which beat on both the top and bottom lines. Other chipmakers fell on the back of the market reaction to Nvidia's third-quarter results. The slump in Nvidia also had a knock-on effect on European semiconductor firms.

Persons: Piotr Swat, chipmakers Organizations: NVIDIA, Getty, Nvidia, Revenue, Intel, Qualcomm, Micron Technology, AMD, BE Semiconductor, STMicroelectronics, Infineon Locations: POLAND, U.S, Dutch, Asia

☆ Nvidia's earnings cleared our lofty bar. Here’s our new price target on the AI chip king
▼ + stars: | 2024-11-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Now, as we start this next generation, we'll be seeing models run on 100,000 Blackwell chips — and scaling is still in effect. Huang's argument is that going beyond 100,000 Blackwell chips will yield even more capable models. It's a fair question to ask because Nvidia's stock has historically taken a pretty big hit when its customers – such as cloud-computing providers – start uttering that phrase.

Persons: That's, Nvidia's, Blackwell, Colette Kress, Hopper, Kress, Jensen Huang, Huang, there's, Jim Cramer's, Jim Cramer, Jim, Akio Kon Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Hopper, Blackwell, Microsoft, Meta, CNBC, Nvidia Corp, Summit Japan, Bloomberg, Getty Locations: U.S, Tokyo, Japan

☆ The Biden administration is scrambling to send billions to chipmakers before Trump takes over
▼ + stars: | 2024-11-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Biden administration is trying to finalize CHIPS Act agreements before Donald Trump takes office. Locking in agreements could make it more difficult for the Trump administration if it decides to change course. The Biden administration is running out of time to finalize agreements that would secure billions in funding for US chipmakers. The Biden administration is working to finalize agreements before president-elect Donald Trump — who has criticized the CHIPS Act — takes office in January. However, she did not answer questions about whether Trump's approach to CHIPS Act funding could differ from that of the Biden Administration.

Persons: Biden, Donald Trump, Trump, Joe Biden, hasn't, Donald Trump —, Gina Raimondo, podcaster Joe Rogan, chipmakers, Mike Johnson, Karoline Leavitt, Vance, Jeff Koch, SemiAnalysis, Koch, Pat Gelsinger Organizations: US, Bloomberg, Commerce Department, BI, CNBC, Reuters, Commerce, Biden, Intel, The New York Times Locations: Taiwan

☆ Apple exec explains the company's 'secret weapon' when making its own chips
▼ + stars: | 2024-11-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

AdvertisementApple has increasingly used its own silicon chips in its devices in recent years. Apple says it has a "secret weapon" in its approach to making the chips that power many of its devices. The company also benefits from making chips strictly for its own use rather than being a traditional chip-maker that sells to other companies, Millet said. Apple's newest Macs are based on Apple's latest silicon chips, the M4 line. AdvertisementMillet said Apple silicon takes advantage of "three major components, the architecture, the design, and the process technology."

Persons: Apple execs, Apple's, Apple, Don McGuire Tim Millet, Tom Boger, Boger, Millet, Tim Cook, Biden's, TSMC Organizations: Apple, Indian Express, Mac, Qualcomm, Intel, Imagination Technologies, M4, BI Locations: Arizona, Phoenix , Arizona

☆ Those bold AGI predictions are suddenly looking stretched
▼ + stars: | 2024-11-17 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

The generative AI boom has inspired bold AGI predictions ranging from this happening in 2025, 2026, or maybe 2027. AdvertisementThat's the main reason for huge gains in recent years in the performance of AI models. AdvertisementHorowitz noted several factors that are holding back AI model improvements, including a lack of new high-quality human data and problems sourcing the extra energy needed to power AI data centers. AGI questionsIf the main tried-and-true method for improving AI models is no longer working, we are unlikely to get AGI anytime soon. Altman's bold AGI predictions may also be an effective rallying cry for hard-working OpenAI employees.

Persons: Sam Altman, there's, that's, Oren Etzioni, Etzioni, Ilya Sutskever, Noam Brown, Google hasn't, Marc, Ben, Marc Andreessen, Ben Horowitz, Andreessen, Horowitz, we're, OpenAI, Altman, we've, AGI, Elon Musk, It's Organizations: YouTube, Allen Institute, Tech, Reuters, Orion, Bloomberg, Google, AGI, Microsoft, Intel, Computer, Artificial Intelligence Locations: Seattle

☆ Trump's trade restrictions could be good for American semiconductor jobs
▼ + stars: | 2024-11-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementThe tariffs Donald Trump proposed while campaigning could help create US semiconductor jobs. To be sure, the impacts of a tariff policy on chips could be mixed. He said that the federal government should have implemented tariffs instead to motivate global chipmakers to build more factories in the US, which would then create jobs. AdvertisementTo be sure, the impacts of a tariff policy on chips could be mixed. In August, the White House said that investments supported by CHIPS Act funding would help create 115,000 construction and manufacturing jobs.

Persons: Donald Trump, podcaster Joe Rogan, Trump, Jeff Koch, SemiAnalysis, Patrick Moorhead, Jeff Ferry, Ferry, Stephen Ezell, Ezell Organizations: US, Industry, Biden, Samsung, Coalition for, Prosperous, Semiconductor Industry Association —, Intel, Information Technology, Innovation Foundation, Apple Locations: Taiwan, China, South Korea, Prosperous America, Arizona, India, United States

☆ 'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak
▼ + stars: | 2024-11-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said comparisons to the dot-com peak in 2000 are fair. Advertisement"This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss. "This is a really, really, really pricey environment, but it doesn't necessarily make me bearish.

Persons: Rob Arnott, he's, Arnott, —, Donald Trump, Trump, disruptors, There's, Goldman Sachs, David Kostin, Michael Hartnett, Hartnett, David Einhorn, Einhorn Organizations: Nvidia, Intel, Chief US, Business, Goldman Sachs Bank of America's Global, Equity, Bank of America, CNBC's, Alpha Locations: irrelevance

Trump nominated Wray in 2017 after firing James Comey, but he began to sour on him before he left office in 2021. The 10-year term is designed to keep the FBI director position insulated from political whims. “Kash is frightening at the bureau,” one source familiar with internal deliberations about the role of FBI director. Trump also briefly considered installing Patel as deputy FBI director in the closing weeks of his first administration. The deputy FBI director job is a career position, and not a political appointee, and Attorney General William Barr helped talk Trump out of putting Patel at the bureau.

Persons: Donald Trump, Kash Patel, Christopher Wray, Patel, Matt Gaetz, Tulsi Gabbard, Trump, Mike Rogers, Mark Morgan, Jeff Jensen, Louis, Mike Flynn’s, he’s, –, John Ratcliffe, Wray, James Comey, “, Elect Trump, ”, Karoline Leavitt, Vance, Jensen, Rogers, Morgan, “ Kash, ” Patel, Steve Bannon’s, Devin Nunes, Nunes, Gina Haspel, – Patel, William Barr, Wray isn’t, CNN’s Kristen Holmes, Manu Raju Organizations: CNN, FBI, Republican, Customs, Trump, intel, DOD, CIA, House, National Security Council Locations: Mar, Lago, Trump’s, Russia

☆ AMD to lay off 4% of workforce, or about 1,000 employees
▼ + stars: | 2024-11-13 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

"We are committed to treating impacted employees with respect and helping them through this transition." AMD had 26,000 employees at the end of last year, according to a U.S. Securities and Exchange Commission filing. AMD stock is down 5% in 2024 while Nvidia shares are up 200%, making it the most valuable publicly traded company in the world. AMD said in October it expects $5 billion in AI chip sales this year, about a fifth of the $25.7 billion in total sales FactSet projects for AMD's 2024. AMD also makes processor chips for laptops, desktops and servers, competing primarily with Intel.

Persons: chipmaker, FactSet Organizations: AMD, Nvidia, U.S . Securities, Exchange Commission, Meta, Microsoft, Intel, Mercury Research

☆ Japan is ramping up efforts to revive its once dominant chip industry
▼ + stars: | 2024-11-13 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

In this article ASMLASML-NLMUINTCSMSD-GB2330-TW Follow your favorite stocks CREATE FREE ACCOUNTJapan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. One likely beneficiary of the funding announced Monday will be Japan-based Rapidus, a state-backed chip venture at the heart of the country's chip revitalization efforts. In the 1980s, Japan was the world's dominant chip player and occupied more than half of the global semiconductor market. Through its chip subsidies, which have mostly been geared toward increasing manufacturing capacity, the country should be able to expand into other aspects of the supply and enhance its position, Yang added.

Persons: Shigeru Ishiba, Ishiba, Rapidus, Tetsuro Higashi, Michael Yang, Omdia, Yang, Brady Wang, Wang, Ken Kuo Organizations: MU, Getty, Japan, Toyota Motor, Sony Group, U.S, IBM, Taiwan Semiconductor Manufacturing Co, Samsung, Intel, Micron, CNBC, Counterpoint Research Locations: Japan, Taiwan, South Korea, South, U.S, Netherlands

Here's what needs to go right for Intel, the only US-based manufacturer of powerful chips. AdvertisementUS policymakers are still betting that Intel is the nation's best shot at manufacturing chips. Intel needs to balance the booksIntel plans to spin out its semiconductor manufacturing business into an independent subsidiary called Intel Foundry, separating the manufacturing process from its chip-design business. Not everyone is convinced that government intervention will help Intel get back on track in chip manufacturing. The report said they also discussed a potential merger between the company's chip design business and a competitor like AMD or Marvell.

Persons: —, Dow, It's, they're, Alistair Barr, Stacy Rasgon, Patrick Moorhead, Moorhead, they've, Logan Purk, Edward Jones, Dan Morgan, Pat Gelsinger, Morgan, Rasgon, Daniel Newman, hasn't, Newman, Gina Raimondo, Donald, it's, Mark Warner, Semafor Organizations: Wall Street, Intel, Service, Dow Jones, Nvidia, Business, Qualcomm, AMD, Dow, Bernstein Research, TSMC, Intel Foundry, Synovus, Futurum Group, Act, Google, Microsoft, Apple, New York Times, Commerce Department, Sen, Marvell, Warner Locations: Taiwan, Washington

☆ White House races to dole out funding from key legislation before Trump takes office
▼ + stars: | 2024-11-11 | by ( Arlette Saenz | ) edition.cnn.com time to read: +8 min

CNN —The White House is racing to dole out remaining funds appropriated from key legislation President Joe Biden signed before President-elect Donald Trump takes office in 10 weeks. The implementation efforts reflect one slice of how the Biden administration is working to shore up key initiatives as the second Trump presidency approaches. Speaking to reporters on Monday, the first official day at COP29, Podesta said the Biden administration is “fully committed” to obligating outstanding funding under Biden’s climate law, the Inflation Reduction Act. About $103 billion in Inflation Reduction Act funding, which makes up 92% of the law’s total, has been announced as of late October. While Trump has criticized the CHIPS legislation as “so bad,” it has enjoyed bipartisan support because the plans could create jobs and infuse money into local communities.

Persons: Joe Biden, Donald Trump, Biden, Trump, ramping, White, Natalie Quillian, “, ”, ” Quillian, John Podesta, Podesta, it’s, ” “, Andrew Harnik, Mike Johnson, he’d, Betsy Klein, Ella Nilsen Organizations: CNN, Commerce Department, Law, White House, White, UN, Act, House Republicans, American, Congress, Trump, Semiconductor, The Commerce Department, Polar Semiconductor, Intel, Micron Technology, Samsung, Taiwan Semiconductor Manufacturing Company, Commerce, Louisiana Republican Locations: Ukraine, America, Baku, Azerbaijan, COP29, ”, Washington , DC, New York, Corning, Pennsylvania, Minnesota, Louisiana

☆ A worsening kind of Russian warfare was on display in the US presidential election, but it's a much bigger problem
▼ + stars: | 2024-11-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Russia's hybrid warfare tactics against the US and Europe are reaching new levels. AdvertisementRussian disinformation and interference — hybrid warfare tactics — are on the rise and again showed up in the US presidential election, but this is a problem for more than just America. Russian tactics were on full display in the 2024 US presidential election. AdvertisementMore than an American problemThis hybrid warfare is a broader problem for other Western countries, too. Moldova's pro-EU incumbent president, Maia Sandu, won reelection despite Russian efforts to sway the election.

Persons: —, Mark Rutte, Clinton, Mikhail Svetlov, it's, Doug Livermore, Donald Trump, Lev Radin, Trump, Livermore, Russia's, Maia Sandu, Daniel MIHAILESCU, Harris, Kamala Harris, Joe Biden, aren't Organizations: Service, NATO, FBI, State, intel, Getty, Irregular Warfare, National Intelligence Council, US intel, Infrastructure Security Agency, Ukraine, Moldovan, Union, Xinhua News Agency Locations: Europe, Russia, Moscow, Russian, Washington, China, Iran, US, Republic of Georgia's, France, Germany, AFP, Beijing, North Korea, America

☆ I spent $170 on 4 failed tours to see the northern lights and then finally saw them while waiting at a bus stop
▼ + stars: | 2024-11-09 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +4 min

I spent $170 on four failed northern-light tours, then saw the lights while waiting at a bus stop. AdvertisementSo far, I've spent about two years trying to find the best northern lights. During this period, I've spent $170 on four failed tours and gathered plenty of intel on the dos and don'ts of spotting them. The next day, while waiting at a bus stop in the city center, the northern lights appeared in colorful irony. There are ways to try to see the northern lights even if you skip toursNorthern lights can look different depending on where you are.

Persons: —, I've, curtly, they'd, we'd, Sophia Groves, you'll, George Rose, You've Organizations: Service, intel Locations: Reykjavik, Iceland, Tromsø, Norway

Generative AI wasn't part of the lexicon for most of us during President-elect Donald Trump 's first four years in the White House. At a high level, generative AI is a cutting-edge form of technology that will shape the next decade and beyond. While the AI field has been around for decades, generative AI applications can create new content, including computer code, human-like text and images, in response to user prompts. Those that lead in generative AI will very likely shape the world as we know it. With 5G, Trump didn't just hope the U.S. could just fun faster than everyone else.

Persons: Donald Trump, ChatGPT, Kamala Harris, Trump, Elon Musk, OpenAI, JD Vance, Vance, Joe Biden's, Trump's, OpenAI's Sam Altman, Alphabet's Sundar Pichai, Jim Cramer, it's, Jim, they're, Jim Cramer's, Callaghan Organizations: Trump, Billionaire, Republican, Big Tech, Republican Party's, GOP, 5G, Mobile, Sprint, Verizon, Nvidia, Microsoft, Huawei, Biden, Deutsche Bank, South China, Taiwan Semiconductor Manufacturing, Apple, Washington, Intel, Eaton, Trust, CNBC, Convention Center, Callaghan O'hare Locations: Ohio, U.S, United States, America, We've, China, Taiwan, South, Beijing, Palm Beach, West Palm Beach , Florida

☆ Intel says it's bringing back free office coffee to boost morale after a rough year
▼ + stars: | 2024-11-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Intel is bringing back free beverages for its employees at worksites. AdvertisementIntel will once again offer free coffee and tea to its employees after slashing the perks as part of its cost-cutting efforts. The chip manufacturer said free in-office beverages would return to worksites in an internal message in a bid to improve morale, the Oregonian reported. Intel told employees it would stop providing free beverages and fruit at worksites. a former Intel employee told BI.

Persons: —, Paul Otellini, OpenAI, Bob Swan, Jaque Silva Organizations: Intel, Service, Oregonian, Business, Apple, Nvidia, Reuters, Getty, Samsung Locations: worksites, OpenAI, Oregon

Trump defeated Democratic candidate Vice President Kamala Harris, and Republicans claimed a majority of the Senate in elections this week. "We know kind of where the world is headed in a Trump environment because we've seen it before," said Jeffrey Solomon, president of TD Cowen, on CNBC's "Money Movers" Wednesday. One M&A advisor, who also spoke to CNBC anonymously, noted that Trump's disdain for Big Tech companies — historically active deal-makers — might keep them on the sidelines. Apparent GOP opposition to the CHIPS Act means that semiconductor consolidation might be challenging, the advisor noted, while cautioning it is still too early to know what a Trump presidency would mean. That advisor noted that smaller banks had been getting gobbled up for "some time," but that the pace and size of those acquisitions would likely ramp up under a Trump presidency.

Persons: Donald Trum, Ronda Churchill, Donald Trump, Kamala Harris, Jeffrey Solomon, TD Cowen, Solomon, Trump, Lina Khan, Khan, Howard Gutman, Jonathan Miller, —, Jared Holz, Mizuho, Sen, Elizabeth Warren, David Zaslav, David Grogan Organizations: Republican, Nevada GOP, Afp, Getty, Trump, Democratic, Republicans, Biden administration's Department of Justice, Federal Trade Commission, CNBC, Dow Jones, MorganFranklin Consulting, Big Tech, Qualcomm, Intel, Integrated Media, Pharmaceutical, Biotech, Illumina, FTC, Maze Therapeutics, Sanofi, Senate, DOJ, Allen & Company Sun Valley Conference Locations: Florida, Nevada, Las Vegas , Nevada, Ronda, Trump, Sun Valley , Idaho

☆ Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
▼ + stars: | 2024-11-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.

Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S

☆ What a second Trump term means for Intel
▼ + stars: | 2024-11-06 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

He's also expressed opposition to the CHIPS Act, which Intel is counting on. Related Video How to invest in AI stocksTrump is a vocal supporter of US manufacturing, and Intel could benefit from this. Trump has been a vocal opponent of the Biden administration's CHIPS and Science Act and Intel insiders have noticed. With a Trump win, could the company miss out on a potential $8.5 billion in financial support from this legislation? Related stories"This country can become rich with the use, the proper use of tariffs," Trump told podcaster Joe Rogan recently.

Persons: Donald Trump's, He's, —, Trump, It's, Pat Gelsinger, Gelsinger, Biden, podcaster Joe Rogan, Ben Thompson, TSMC, Rogan Organizations: Intel, Service, Trump, Trump Administration, Biden, Act, Bloomberg, Commerce Department, Apple Locations: China, Taiwan

☆ Nvidia briefly overtakes Apple as world's most valuable company—it began in a breakfast booth at Denny's
▼ + stars: | 2024-11-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Chipmaker Nvidia temporarily dethroned Apple as the most valuable company in the world on Monday — another stop on the company's unlikely journey from startup to tech giant. Nvidia shares rose Monday morning, boosting its market value to $3.38 trillion by the afternoon, surpassing Apple's $3.35 trillion market cap. The news came just days after S&P Dow Jones Indices announced that Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a 30-member index that's often viewed as a key metric of the U.S. economy. By Monday evening, Apple bounced back to the top with a $3.38 trillion market value, compared to Nvidia's $3.34 trillion. "We came right here to this Denny's, sat right back there, and the three of us decided to start the company," said Huang.. "Frankly, I had no idea how to do it, nor did they.

Persons: Dow, Apple, Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, DON'T Organizations: Nvidia, Apple, Dow Jones Indices, Intel, Dow Jones, CBS Locations: U.S, San Jose , California

☆ Nvidia passes Apple as world's most valuable company
▼ + stars: | 2024-11-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia passed Apple in market cap on Tuesday becoming, for a second time, the most valuable publicly traded company in the world. Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software such as OpenAI's ChatGPT. Apple was the first company to reach a $1 trillion and a $2 trillion market cap. S&P Dow Jones announced last week that Nvidia will join the Dow Industrial Average on Friday, replacing longtime rival Intel , and joining Apple in the blue-chip index.

Persons: Jensen Huang, OpenAI, Dow Jones Organizations: NVIDIA, Center, Washington , D.C, Nvidia, Apple, Apple Intelligence, Microsoft, Dow, Intel Locations: Washington ,

☆ China is building new villages on its remote Himalayan border. Some appear to have crossed the line
▼ + stars: | 2024-11-05 | by ( Simone Mccarthy | Nectar Gan | ) edition.cnn.com time to read: +20 min

“Knowing India has a strong presence in Bhutan, China naturally becomes vulnerable in the bordering region,” said Rishi Gupta, assistant director at the Asia Society Policy Institute in New Delhi. “None of the roads connect into Bhutan, they start from the Chinese border and end in forest areas. ‘No intrusion’Bhutan has repeatedly denied that Chinese construction has taken place in its territory. Bhutanese Foreign Minister Tandi Dorji, left, and Chinese Foreign Minister Wang Yi meet in Beijing in October 2023. They picked up formal talks last October for the first time since the Doklam standoff, with Bhutan’s foreign minister making a rare visit to Beijing.

Persons: ”, that’s, Xi Jinping, Robert Barnett, Lotay Tshering “, SOAS ’ Barnett, Barnett, Bhutan’s, ” Barnett, Doklam, Bhutan –, Rishi Gupta, Jieluobu, Jieluobu –, Yun Sun, “, SOAS’s Barnett, –, Damien Symon, Symon, relocatees, Lotay Tshering, it’s, Karma Phuntsho, Manoj Joshi, Tandi Dorji, Wang Yi, Xi Organizations: CNN, East China Seas, Planet Labs, SOAS University of London, Tibet Autonomous, Labs, Bhutan’s Ministry of Foreign Affairs, SOAS, Gurinder, India’s Ministry, Affairs, Asia Society Policy, Beijing, Jieluobu, Stimson, Demalong ., Demalong . Tibet Federation of Industry, Commerce, Intel Lab, Chatham House, La, National, ” Observers, Observer Research, Trade, Foreign, Ministry Locations: Bhutan, China, Tibet, South, East, India, Tibet Autonomous Region, Demalong, Lhuntse, “ China, Indian, Chinese, Nathu La, Sikkim, Gurinder Osan, Delhi, Beijing, Siliguri, New Delhi, Doklam, Washington, Semalong, Luozha, WeChat, Demalong . Tibet, London, Jieluobu, Belgian, ”, Thimphu, Kula, Bhutanese

☆ Goldman's top equity strategist tells BI 2 similarities between today's market and the dot-com bubble — and what it means for your portfolio
▼ + stars: | 2024-11-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market. Today, the 10 largest stocks in the S&P 500 make up 36% of the entire index by market capitalization. Related storiesThis gap between the top S&P 500 performers and the rest of the index hasn't occurred since the dot-com bubble. "The evidence is strongly in support of the fact that growth rates for high revenue growth companies tend to fade," he added. For that reason, Kostin is expecting the S&P 500 equal-weight SPW index to outperform the market-cap-weighted S&P 500.

Persons: David Kostin, Kostin, —, Goldman Sachs, Kostin isn't, that's, he's Organizations: Service, Big Tech, Intel, Microsoft, Cisco

☆ How tech stocks could fare under a Harris or Trump administration
▼ + stars: | 2024-11-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.

Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington

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