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CNBC
14 minutes ago
- CNBC
5 things to know before the Tuesday open: Palantir earnings Trump applauds American Eagle
Investors who might have had anxiety checking their holdings over the weekend got a nice reprieve on Monday. Stocks rallied to start the new week, with the S&P 500 snapping its four-day losing streak and the Dow Jones Industrial Average erasing its Friday sell-off. All three major indexes ended Monday's session more than 1% higher. Stock futures are slightly higher on Tuesday morning. Follow live market updates here. Tariff news continues to make headlines as market participants count down to Thursday — the most recent deadline set by the White House for it to start collecting tariffs from some trading partners. President Donald Trump said Monday that he would "substantially" hike tariffs on goods coming from India because the country buys Russian oil. The European Union also announced Monday that it would delay enacting planned tariffs on the U.S. for six months. Trump will join CNBC's "Squawk Box" for an interview at 8 a.m. ET Tuesday morning. Stream CNBC live here. Palantir, the buzzy and mysterious defense technology stock, recorded quarterly revenue of $1 billion for the first time. It's an important milestone for the company, which has seen its shares skyrocket and become a favorite of retailer investors given its futuristic focus and eccentric CEO, Alex Karp. As CNBC's Samantha Subin notes, the Denver-based company has become a beneficiary of Trump's governmental cost-cutting initiatives, with its U.S. government revenues jumping 53% year-over-year. Palantir shares popped in extended trading following its earnings report. This week, OpenAI's ChatGPT products are poised to reach 700 million weekly active users. There's a few ways to show just how much that number has ballooned with artificial intelligence's move into the mainstream. First, it's up about 40% from March alone. Even more eye-popping, the number has grown more than fourfold from a year ago. ChatGPT's number of paid business users is also accelerating, up to five million from three million in June. After getting caught in controversy over its new advertising campaign starring actress Sydney Sweeney, American Eagle got a vote of confidence from the White House on Monday. Trump called the campaign the "'HOTTEST' ad out there" in a social media post. He also said that Sweeney, who's known for roles in "Euphoria" and "The White Lotus," is a registered Republican. American Eagle's shares surged more than 23% following the president's post, marking the Pittsburgh-based company's best day in about a quarter of a century. —
Yahoo
an hour ago
- Yahoo
AI Is Fast -- but Quantum AI Could Be Unstoppable. One Stock to Own Now.
Key Points Quantum computing could speed up AI training and inference once the technology matures. IBM's quantum computing track record spans decades, and the company has a clear and impressive quantum roadmap. IBM is well-positioned for the age of quantum AI. 10 stocks we like better than International Business Machines › Cutting-edge artificial intelligence (AI) models are incredibly powerful, but training and running them is computationally intensive. Today's largest AI models require clusters of powerful data center graphics processing units (GPUs). While AI is capable of solving many types of problems and answering many types of questions, the technology can still get things wrong and go off the rails. Some of the limitations of current AI technology could potentially be overcome with quantum computing. A quantum computer uses the probabilistic properties of quantum bits, or qubits, to exponentially speed up certain types of calculations. While no company has managed to build a commercially viable quantum computer to date, many are working toward that goal. A quantum pioneer International Business Machines (NYSE: IBM) is one of them. IBM has been doing fundamental research on quantum computing for decades and has a roadmap that leads to a large fault-tolerate quantum system by 2029. The company has already generated nearly $1 billion worth of quantum computing-related business and offers access to its fleet of quantum computers to organizations eager to test out the emerging technology. IBM demonstrated the first computer based on quantum principles in 1998, assembling atoms of hydrogen and chlorine to successfully sort an unordered list of items. Nearly 30 years later, quantum computing is still not useful in the real world, but immense progress has been made. IBM's latest quantum computers top 100 qubits, and the plan is to exceed 1,000 qubits in 2027 and 2,000 qubits in 2033. IBM has also been actively researching ways to apply quantum computing technology to machine learning and artificial intelligence applications. Back in 2021, the company's researchers developed a quantum algorithm that can deliver an exponential speedup for a certain class of machine learning classification problems. Once large-scale, fault-tolerate quantum computers are a reality, the technology could revolutionize various fields, including AI. Training an AI model is a time-consuming, computationally intensive process that involves massive amounts of data. A quantum computer could potentially accelerate the process and lower the costs of AI training. Quantum computing could also speed up AI inference and lead to better results. Enterprise AI and quantum computing in one package While other tech giants are working on quantum computing and AI technology, IBM's long track record in quantum computing and its successful enterprise AI business will make it a potent force in the quantum AI age. IBM has booked $7.5 billion worth of business related to generative AI, and much of that comes from the company's consulting arm. IBM's pairing of AI consulting, which covers implementation and other services, and AI software, primarily its watsonx platform, has proven to be a winner among its enterprise clients. A similar story is likely to play out once quantum computing becomes commercially viable. IBM may not seem like the most cutting-edge tech company, but it's well-positioned in both AI and quantum computing. As quantum computing technology matures and is eventually applied to AI, IBM is almost certain to be in the thick of it. Do the experts think International Business Machines is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did International Business Machines make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,019% vs. just 178% for the S&P — that is beating the market by 841.12%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Timothy Green has positions in International Business Machines. The Motley Fool has positions in and recommends International Business Machines. The Motley Fool has a disclosure policy. AI Is Fast -- but Quantum AI Could Be Unstoppable. One Stock to Own Now. was originally published by The Motley Fool
CNBC
an hour ago
- CNBC
President Donald Trump to join 'Squawk Box' at 8 a.m. ET
President Donald Trump will join CNBC's "Squawk Box" on Tuesday around 8 a.m. ET for a wide-ranging conversation on the economy and the state of the U.S. Trump's interview comes as the administration juggles a slew of tariff negotiations as well as new U.S. jobs data that prompted the president to dismiss the head of the Bureau of Labor Statistics. Trump on Monday threatened even higher tariffs on Indian imports to the U.S., citing the country's purchases of Russian oil. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," Trump said in a Truth Social post. India responded by saying it's being "targeted" by the U.S. and European Union over those crude imports, with the country's foreign ministry saying: "it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion [for them]." Trump's comments also come after a July jobs report that not only missed expectations, but also included heavy downward revisions to June and May figures. The data led Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer just hours after the Friday release. "We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified," Trump said in a separate post.
