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Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 15%

Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 15%

Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia, which has so far dominated the market for AI semiconductors. The stock soared 15% following the news. The AI chips are a shift from Qualcomm, which has thus far focused on semiconductors for wireless connectivity and mobile devices,

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Trump-Backed American Bitcoin Adds 1,414 Bitcoin Amid U.S. Expansion

Trump-Backed American Bitcoin Adds 1,414 Bitcoin Amid U.S. Expansion

Bitcoin Magazine Trump-Backed American Bitcoin Adds 1,414 Bitcoin Amid U.S. Expansion American Bitcoin Corp. (Nasdaq: ABTC), a Trump family–backed mining platform, has expanded its Bitcoin holdings to 3,865 bitcoin, adding 1,414 bitcoin since September through a combination of mining production and secondary market purchases. The Miami-based firm, which describes itself as “America’s Bitcoin infrastructure backbone,”

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Trump’s trade deals, Novartis acquires Avidity, Taco Bell’s beverage push and more in Morning Squawk

Trump’s trade deals, Novartis acquires Avidity, Taco Bell’s beverage push and more in Morning Squawk

U.S. President Donald Trump looks on next to people waving Malaysian national flags before he departs on Air Force One from Kuala Lumpur International Airport in Sepang on Oct. 27, 2025. Andrew Caballero-reynolds | Afp | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key

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Tesla risks losing CEO Musk if  trillion pay package isn’t approved, board chair says

Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla Board Chair Robyn Denholm, in a letter Monday, asked shareholders to vote for CEO Elon Musk’s nearly $1 trillion pay package ahead of the company’s annual meeting. Denholm said Musk was key to

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Saudi Arabia poised to become AI data center hub, says Groq CEO

Saudi Arabia poised to become AI data center hub, says Groq CEO

Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross. The Middle Eastern country is known for its vast energy resources and that’s leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom’s

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