Author: Admin

Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025.Patrick T. Fallon | Afp | Getty ImagesNvidia CEO Jensen Huang said Wednesday markets have miscalculated the AI threat to software companies in an interview hours after the chip behemoth issued an upbeat sales forecast on strong AI demand. “I think the markets got it wrong,” Huang said, pushing back on fears that AI agents will cannibalize the enterprise software industry.Instead, he expects a broad swath of software firms to use agentic AI to develop their software and boost efficiency,…

A private credit fund jointly managed by Future Standard and KKR & Co. cut its dividend to 48 cents a share from 70 cents after earnings fell amid declining interest rates and losses tied to struggling investments.

Bank of Korea introduces new forward guidance mirroring Fed’s dot plot

Nutanix, which makes hyperconverged infrastructure including storage offerings, is partnering with AMD and betting that AI customers want flexible ecosystems.

Check out what’s clicking on FoxBusiness.com. Fanatics Fest isn’t just returning for its third year in New York City with an extra day added to its festivities. It’s bringing back the Fanatics Games with an even bigger prize pool. During last year’s sports fan festival at the Javits Center in Manhattan, Fanatics Fest introduced the Fanatics Games, bringing together some of the world’s top athletes and everyday fans for a head-to-head competition with a chance to win a $1 million grand prize and other prizes like an exotic car and a rare trading card worth six figures.”What made Fanatics Games…

Check out the companies making headlines in after-hours trading. Nvidia — Nvidia reported strong earnings and revenue for the fiscal fourth-quarter , leading shares to add more than 1% in extended trading. Nvidia reported adjusted earnings of $1.62 per share, while analysts expected $1.53 per share, according to LSEG. The chipmaker’s revenue of $68.13 billion for the period also exceeded the $66.21 billion estimated, driven by significant growth in its core data center business. Snowflake — Shares of the software company slipped more than 2%. Snowflake said that its first-quarter product revenue would range between $1.262 billion and $1.267 billion,…

Wall Street firms are launching tokenized funds, stablecoins, and on-chain products, yet Bitwise’s CIO says that investors remain stuck in outdated crypto narratives. Bitwise’s Chief Investment Officer Matt Hougan believes there is a fundamental disconnect between perception and reality in the crypto market. He argued that investors often misinterpret what is truly happening because behavioral biases, particularly anchoring bias, distort their view. Anchoring bias, the tendency to fixate on the first piece of information encountered, shapes how people evaluate opportunities. This leads them to overweight initial impressions even when new evidence emerges. Hougan stated that this factor played a…

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching during Wednesday’s trading, and what’s on the radar for the next session. Nvidia ” Squawk Box ” anchor Becky Quick has the interview of the day: Nvidia CEO Jensen Huang after the chip giant’s earnings report . Shares rose in extended trading after the company posted quarterly results Wednesday. The juggernaut of tech giants beat expectations and offered guidance that…

Quantoz Payments B.V., the Netherlands-headquartered payments technology company, has entered into a strategic partnership with Visa to become a direct Visa principal member.The agreement allows Quantoz to facilitate the issuance of virtual Visa debit cards and act as a BIN-sponsor for third-party fintechs and platforms. This infrastructure enables customers of these third-party platforms to spend their e-money and stablecoins wherever Visa is accepted.Bridging digital assets and everyday spendingThrough the partnership, the virtual Visa cards can be used for online shopping, in-store purchases, and via popular mobile wallets such as Apple Pay and Google Pay.Arnoud Star Busmann, CEO of Quantoz PaymentsUnder…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Salesforce chief executive Marc Benioff has dismissed concerns of a “SaaS-pocalypse” hitting business software even as the group posted a weak revenue forecast amid investor fears that AI will disrupt its business. The group on Wednesday said its full-year revenue would come in between $45.8bn and $46.2bn, undershooting analysts’ estimates of $46.1bn, according to S&P Visible Alpha.Salesforce, which sells software as a service (SaaS) to track customer relationships, has faced pressure from investors during a market rout spurred by the risk that…