IBM is one of few institutional companies that are constantly reinventing themselves, and CEO Ginni Rometty said that the technology giant found its latest gold mine in data. “Twenty percent of the world’s data is searchable. Anybody can get to that 20,” Rometty told “Mad Money” host Jim Cramer on Tuesday. “But 80 percent of […]
Read moreThe conversation in the technology community about artificial intelligence was first rekindled by manufacturing giant IBM and its AI platform, Watson, CEO Ginni Rometty said on Tuesday. “We are the ones that woke up the AI world here again,” Rometty told “Mad Money” host Jim Cramer in a wide-ranging interview about Washington, Warren Buffett and […]
Read moreIBM’s stock took a major hit when billionaire investor Warren Buffett said he sold about a third of his IBM shares, but CEO Ginni Rometty seemed unfazed when asked about his move. “We’ve traded publicly [for] 100 years out there,” she told “Mad Money” host Jim Cramer on Tuesday. “And the trick to being a […]
Read moreEven though Jim Cramer hates bonds for how boring they are compared to stocks, he cannot discount their intelligence when it comes to predicting day-to-day market activity. “Why should we trust bonds more than our own brains? A couple of reasons,” the “Mad Money” host said. “First, bonds represent trillions of dollars of activity, much […]
Read moreAs U.S. stocks closed lower Tuesday and crude oil fell to a nine-month low on global supply concerns, Boris Schlossberg, BK Asset Management’s managing director of foreign exchange strategy, discussed three items he is watching for in the market on Wednesday. 1. Existing home sales Shortly after the opening bell on Wednesday, the National Association […]
Read moreSeattle’s prestigious Institute for Systems Biology has long been a draw for star experimental scientists. But it’s now in a battle for talent with some deep-pocketed competitors: Amazon and Google. Out of a group of a dozen researchers, four have recently left for Amazon, Google and Microsoft, said Nathan Price, associate director of ISB, which […]
Read moreThough artificial intelligence is continuing to grow smarter, it’s no match for human wisdom, Jack Ma, founder and executive chairman of Alibaba, told CNBC in an interview on Tuesday. “It’s about wisdom. It’s about experience,” said Ma, China’s richest man and e-commerce mogul. “So I don’t think the machine — the artificial intelligence — is […]
Read moreThe stock market rally isn’t about to fade anytime soon, according to Piper Jaffray chief market technician Craig Johnson. “We’re still bullish on this market, and we think there’s more room to go,” Johnson said Tuesday, as the S&P 500 slipped from the record levels reached the previous day. In fact, Johnson recently raised his […]
Read moreAmazon’s move to buy Whole Foods is not surprising and is in line with what Alibaba has already started doing in China, Alibaba’s vice chair, Joseph Tsai, told CNBC on Tuesday. “Great minds think alike,” Tsai said in an interview with “Closing Bell” from the sidelines of Alibaba’s Gateway conference in Detroit. “We think that’s […]
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Interest in chipmaker Nvidia has exploded. From the stock’s average daily volume (more than 10 times that of some similarly sized and priced companies) to the total options open interest (more than six times that of similarly sized and priced companies), investors are appearing to pile into a semiconductor stock that’s tripled over the last […]
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