The tech industry's surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's "Halftime Report." " The reason for that is because all of these companies' cash flows are goi... See more
Broadcom shares climbed 6% in extended trading Wednesday after Google reported earnings and surging capital expenditures for artificial intelligence. Google said Wednesday that it expects to spend as much as $185 billion on capital expenditures this year,... See more
Qualcomm reported fiscal first-quarter earnings on Wednesday that beat expectations, but the company's forecast came up short because of the global memory shortage. Shares of Qualcomm tumbled as much as 10% in extended trading. Here's how the chipmaker di... See more
Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman appeared together on CNBC in September to announce a mammoth $100 billion deal that was poised to usher in a new chapter for the booming artificial intelligence industry. Five months later, no contract has... See more
Advanced Micro Devices reported fourth-quarter earnings that topped expectations, but the company's first-quarter forecast fell short of what some analysts were expecting amid an AI spending boom. The stock fell Tuesday as much as 8% in extended trading. ... See more
