Cisco CEO says tech is entering a ‘networking supercycle’ as stock pops 14% on strong AI demand
Shares headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler orders guidance for the fiscal year
Xi tells Musk, Tim Cook and other CEOs on Trump’s trip: China will ‘open wider’
Tesla and Space X boss Elon Musk, Nvidia’s CEO Jensen Huang and Apple CEO Tim Cook were part of Trump’s delegation.
Trump-Xi summit could hinge on these two crucial tech flashpoints
Access to the world’s second largest economy for U.S. tech companies and talks on critical minerals could be key points of discussion.
Chinese companies are ramping up homegrown AI chips, even if Nvidia is coming back
Chinese tech companies have turned to domestic chips as Nvidia has remained shut out of the market.
Versant stock jumps 10% after company’s Q1 report shows bright spots in licensing, platforms
Versant, the portfolio of TV networks spun out from Comcast, reported earnings for its first quarter as an independent company.
Venezuela embarks on $150 billion restructuring of debt amid political turmoil
Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”
Silver remains ‘fundamentally overvalued’ after wartime slump, says HSBC
Analysts at HSBC say the metal is “fundamentally overvalued” and could diverge from gold in its trajectory.
U.S. can hold AI talks with China because ‘we are in the lead,’ Bessent tells CNBC as nations plan safety protocol
The U.S. Treasury secretary also said President Donald Trump would likely comment on the Taiwan issue in coming days.
Polestar CEO tells CNBC ‘pump anxiety’ has made EVs ‘all about money’
The EV maker is seeing an increased demand for both used and new cars as fuel prices have gone up following the disruption at the Strait of Hormuz.
Nvidia’s Jensen Huang on China trip: ‘President Trump asked me to come’
U.S. President Donald Trump on Wednesday landed in Beijing for the high-stakes summit with China.
