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☆ Sundar Pichai says Google and Nvidia will still be working together 10 years from now
▼ + stars: | 2023-09-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Sundar Pichai said Google 's longstanding relationship with chipmaker Nvidia isn't going to change any time soon — in fact, he expects it to continue over the next 10 years. "Look, the semiconductor industry is a very dynamic, cooperative industry," Pichai said. I feel comfortable about our relationship with Nvidia and that we are going to be working closely with them 10 years from now." In the interview with Wired, Pichai described AI as "one of the most profound technologies we will ever work on." As of Monday morning, Nvidia's stock is up nearly 212% year to date.

Persons: Sundar Pichai, Pichai, Kif Leswing Organizations: Google, Nvidia, Android, Microsoft, Wired

☆ Apple backs California right-to-repair bill in major policy shift
▼ + stars: | 2023-08-24 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Apple is now backing a California right-to-repair bill, a major shift in the company's attitude toward the movement and a potential boon for the environment, according to a letter obtained by CNBC. California Senate Bill 244 would require manufacturers such as Apple to allow customers to fix their broken or damaged devices. I'm grateful for their engagement on this issue and for leading among their peers when it comes to supporting access to repair," Eggman told CNBC. We create our products to last and, if they ever need to be repaired, Apple customers have a growing range of safe, high-quality repair options," Apple said in a statement to CNBC. Apple left the door open to supporting further expansion of right-to-repair in the letter to Eggman.

Persons: Tim Cook, Bill, Sen, Susan Talamantes Eggman, Eggman, David Stammerjohan, Stammerjohan, Apple, —, Kif Leswing Organizations: Apple, CNBC ., CNBC, TechCrunch, Apple's, Service Locations: Mumbai, India, California, CNBC . California, New York

☆ What ARM's expected debut means for the IPO market and SoftBank
▼ + stars: | 2023-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Its debut will be a big deal for an IPO market that's been in the doldrums since 2022, but the company's listing has big implications for SoftBank as well. SoftBank agreed to acquire Arm in 2016 for $32 billion, which at the time was the biggest-ever purchase of a European technology company. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier. SoftBank said its Vision Fund booked an investment gain of 159.8 billion yen, its first gain in five consecutive quarters. In July, the company led a $65 million investment in U.K. insurance technology company Tractable.

Persons: Son, Tomohiro Ohsumi, SoftBank, It's, Rene Haas, Haas, Nvidia SoftBank, Arm, Grace Hopper, Didi, Uber, Yoshimitsu Goto, Leswing Organizations: SoftBank Group Corp, ARM Holdings, Bloomberg, Getty, Apple, reining, Acorn Computers, Acorn, Machines, VLSI Technology, CNBC, ARM, Nvidia, Vision, Investors, AMD, Vision Fund Locations: Tokyo, Cambridge, England, Switzerland, European, Europe, U.S, London, New York

☆ CNBC Daily Open: There’s a new narrative in markets
▼ + stars: | 2023-08-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Losing week for stocksU.S. stocks were mixed Friday, with the Dow Jones Industrial Average the only major index to eke out a gain. On a year-over-year basis, the producer price index was up 0.8%. The PPI tends to reflect price changes before they filter into the consumer price index, so this could dampen the enthusiasm over July's cooler-than-expected CPI.

Persons: Europe's, That's, SBF FTX, Sam Bankman, Fried, Coraline Ellison, Leswing, Kate Spade, They'll Organizations: CNBC, Dow Jones, SBF, New York Times, Nvidia, TJX Locations: U.S

☆ Apple shares slide after it reports decreased revenue for iPhone and other hardware
▼ + stars: | 2023-08-04 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook speaks with media members at a viewing area for new products during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Shares of Apple fell 4.8% Friday after the company reported lower year-over-year revenue for its flagship products in its third quarter earnings report. Apple said revenue for its iPhone, Mac and iPad lines was down from the year before. Still, Apple beat estimates on earnings per share, which came in at $1.26 compared to the $1.19 analysts had expected, according to Refinitiv. During the company's earnings call Thursday, Apple's stock dipped lower when CFO Luca Maestri told analysts they expected similar sales results in the following quarter.

Persons: Tim Cook, Luca Maestri, Maestri, —, Kif Leswing Organizations: Apple, Apple's Worldwide, Revenue Locations: Cupertino , California, Refinitiv, iPhones, India

☆ Qualcomm stock drops 10% as phone chip sales dive
▼ + stars: | 2023-08-03 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Amon Cristiano, CEO of Qualcomm, speaks on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 17, 2023. Qualcomm's third-quarter earnings beat on the top line, reporting adjusted earnings per share of $1.87 versus a Refinitiv consensus estimate of $1.81 per share. Qualcomm expects earnings of between $1.80 and $2 per share on sales ranging from $8.1 billion to $8.9 billion. Analysts had been hoping for $1.91 per share earnings and $8.7 billion in revenue, according to a Refinitiv survey of analysts. Qualcomm is more exposed than most because of its heavy reliance on high-end and low-end Android phone sales.

Persons: Amon Cristiano, Ross Seymore, —, Leswing, Michael Bloom Organizations: Qualcomm, Deutsche Bank Locations: Davos, Switzerland

☆ Analysts see hope in Intel's earnings but remain wary of structural issues
▼ + stars: | 2023-07-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

"Good results," Citi analyst Christopher Danely said in a Friday note, "but structural issues remain." Citi reiterated a neutral rating and a $34 price target. Deutsche Bank, which described Intel's numbers as "more than marginal," maintained its Hold rating but increased its price target from $32 to $38, citing "abated" inventory challenges. Analysts increased Intel's price target from $30 to $35 and lauded the company's "better-than-expected results. He also said cloud companies were focusing more on securing graphics processors for AI instead of Intel's central processors.

Persons: Christopher Danely, Danely, Ross Seymore, Pat Gelsinger, Leswing, Michael Bloom Organizations: Intel, Wall Street, Citi, Nvidia, AMD, Deutsche Bank, JPMorgan

☆ Apple hits record high ahead of VR headset unveiling
▼ + stars: | 2023-06-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tim Cook, chief executive officer of Apple Inc., at the opening of the new Apple BKC store in Mumbai, India, April 18, 2023. Apple shares hit a record high Monday as the company prepares to launch a number of new updates and products, including its widely anticipated mixed-reality headset, at its annual Worldwide Developers Conference. The new headset from Apple would mark new investment into a technology that has been fraught with disillusionment. When Facebook rebranded as Meta in October 2021, it drew attention to VR and the metaverse headsets. But since then, sales for existing VR headsets have underperformed, usage has been worse and the anticipated explosion in successful VR software companies isn't yet a reality.

Persons: Tim Cook, —, Kif Leswing Organizations: Apple Inc, Apple, Developers, Nasdaq, Facebook, Meta, VR Locations: Mumbai, India

☆ Movie theater stocks pop after report says Apple plans to spend $1B a year on releases
▼ + stars: | 2023-03-23 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Cinema stocks jumped Thursday after a report said Apple plans to spend $1 billion a year on theatrical film releases. The investment is part of the tech company's efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter. Typically, Apple has released films directly to its streaming platform or allowed limited runs in a small number of theaters for Academy Award eligibility. No plans have been finalized, but these releases could remain in cinemas for at least a month. Last year, Apple TV+ became the first streaming service to win the Academy Award for best picture, with "Coda."

☆ New California transparency law reveals what Big Tech pays workers
▼ + stars: | 2023-01-06 | 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 EmailNew California transparency law reveals what Big Tech pays workersCNBC's Kif Leswing joins 'Power Lunch' to discuss a new California pay transparency law that requires companies to report what some of the biggest companies in the world are paying employees.

☆ Mobileye pops more than 30% in market debut after spinning out of Intel
▼ + stars: | 2022-10-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Mobileye shares popped more than 30% in their stock market debut on Wednesday after the maker of technology for self-driving cars was spun out of Intel . In a year that's seen no significant tech IPOs in the U.S., Mobileye offers investors an opportunity to get in on area of growth. At its IPO price of $21, Mobileye was valued at just $17 billion, resulting in minimal gains for Intel thus far. Intel will retain control of Mobileye and hold over 750 million shares of Class B stock, which has 10 times the voting power of Class A stock. Intel shares were down slightly on Wednesday and have lost about 47% of their value this year, while the Nasdaq is down 29%.

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