Nebius' earnings report comes after fellow neoclouds IREN and CoreWeave showed better-than-expected results in the past week.
Nebius falls 16% as company expects increased 2026 capex spend, issues weak outlook
Source: CNBC
Original reporting
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Jensen and Lori Huang's Nvidia fortune is jointly controlled. How that makes things complicated now that he's resigned
Nvidia’s cofounder and chief executive resigned on Thursday after the company opened an investigation into his affair with an alleged Chinese intelligence asset.
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Analysis: Jensen Huang’s exit tests Nvidia’s role as the ‘central bank of AI’
The tech giant's web of ties to other companies is raising the possibility that it could do far-reaching economic and financial damage.
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Nvidia CEO Jensen Huang resigns over scandal and is replaced by CFO Colette Kress on interim basis – follow live
Nvidia has announced that Jensen Huang has resigned as president and CEO of the company, effective immediately. Nvidia's current Chief Financial Officer, Colette Kress, will serve as interim CEO while keeping her CFO duties until a permanent replacement for Huang can be found. Harvey C. Jones, a longtime tech executive and investor, has been appointed as Nvidia's first-ever Chair of the Board, and the company says that operations, product plans, and customer commitments will continue without interruption. Nvidia's Q3 2017 financial results will still be reported on its scheduled date of November 17. Things began to look dire for Nvidia CEO Jensen Huang after it was revealed that he'd been involved in an extramarital affair with a suspected Chinese spy. This week, news broke that he'd also taken part in a second affair with one of his executives. According to The New York Times , the Nvid
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Scout Motors has 212,000 vehicle reservations as $2 billion South Carolina plant nears completion
Scout Motors has roughly 212,000 reservations for its Terra pickup and Traveler SUV, CEO Scott Keogh told CNBC.
CNBC
Nvidia stock falls nearly 10% as CEO Jensen Huang announces resignation
Chief Financial Officer Colette Kress will serve as interim CEO until a new leader is appointed.
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Poundland gets more time to secure a rescue deal as emergency talks continue
A deadline to secure a buyer was set to expire at midnight, but the retailer now has an extra 10 days to find a buyer.