Today’s top AI firms may not be the best long-term investments, advisor says
Economy

Today’s top AI firms may not be the best long-term investments, advisor says

Jaap Arriens/NurPhoto via Getty ImagesHoping to invest in artificial intelligence? Today’s “niche” companies and those seen as AI leaders are unlikely to be the biggest winners for long-term investors, said Barry Glassman, a certified financial planner and member of CNBC’s Advisor Council.”I’ve been through this enough to see that the niche players early on may… […]

Alphabet shares rise on earnings beats boosted by cloud revenue
Economy

Alphabet shares rise on earnings beats boosted by cloud revenue

Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines with strong revenue growth from the company’s cloud unit. […]

Chipotle misses revenue estimates as same-store sales growth disappoints
Economy

Chipotle misses revenue estimates as same-store sales growth disappoints

A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Angus Mordant | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares of the company fell 3% in extended trading. Here’s what […]

AMD shares fall as forecast fails to impress despite strong AI growth
Economy

AMD shares fall as forecast fails to impress despite strong AI growth

AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | Reuters Advanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. Here’s how the company did, compared with LSEG estimates for the quarter ending Sept. 28: […]