Tech
Electric vehicle newbie Nikola soars while Tesla and Big Tech’s sell-off worsens: CNBC After Hours
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Phil LeBeau breaks down the just-announced partnership between Nikola and General Motors. Plus, CNBC’s Meg Tirrell explains why nine leading pharmaceutical CEOs made a pledge to prioritize safety during Covid-19 vaccine development.
0:43 – Wall Street’s sell-off deepens
1:33 – Nikola & GM team up
4:26 – CNBC Soundcheck
6:34 – ‘Historic’ vaccine pledge
10:57 – Numbers Round
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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Warner Music Group, the third-largest music label by market share, is tapping into the South Asian music movement with its latest venture.
CNBC’s Laya Neelakandan explains.
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Micron’s hometown of Boise, Idaho has a growing crop of newly minted millionaires.
The AI-driven memory boom is showing up in the form of job growth, new construction projects, a bustling dining scene and an influx in new residents.
CNBC’s Katie Tarasov explains. Find the full report in related video.
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Half of single Americans say they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO’s 2026 survey.
But, the cost of dating itself is only part of the story. For millions of users, finding a date means paying for the apps.
Watch the full story in related video.
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Billions of dollars have been raised for this year’s midterms elections, with a significant portion coming from big name tech billionaires in the cryptocurrency, artificial intelligence and online gambling sectors. Megadonors’ contributions are overwhelmingly behind Republicans in the 2026 midterm election, with 14 of the 20 largest donor groups exclusively or nearly exclusively backing GOP candidates or outside groups. CNBC’s Luke Fountain reports.
Chapters:
00:00 – 00:56 Introduction
00:57 – 03:37 Chapter 1 – Republican-aligned donors
03:38 – 05:07 Chapter 2 – Democrat-aligned donors
Reporter: Luke Fountain
Produced and Edited by: Romy Tarantino
Animation: Jason Reginato, Emily Park
Additional Camera: Macklin Fishman, Andrew Evers
Supervising Producer: Shawn Baldwin
Additional Footage: Getty Images
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The Megadonors Funding The 2026 Midterms
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@hiranikumar3119
January 7, 2024 at 1:22 pm
The stock market was sharply lower in afternoon trading Tuesday as top-rated growth stocks sold off for the second straight session. IBM (IBM) was a bright spot in the Dow Jones today after reporting earnings, but Nike (NKE) lagged after Citigroup downgraded shares to neutral from buy and lowered Nike's price target to 140 from 160. The Nasdaq composite was down just over 1% and the Dow Jones lost 0.8%. The S&P 500 also fell 0.8%, weighed down by weakness in oil and gas stocks, as well as airline stocks like United Airlines (UAL) and American Airlines (AAL). Stock Analyst and strategist Ramesh Vijay said Today falling of stock is normal, HE said the stock has been soaring since last week and After a big move, you get a pause of breath and a bit of a reassessment,” Ramesh said As long as earnings meet what are very heightened expectations, the rally can keep going, But He warns Trader to be careful, and not to panic sell instead trade with a working strategy instead of panic selling, i will always advice my fellow traders to multiply the little they have with Rodrick's strategy, i was able to make $40,000 with $10,000 on Swing trade in 3 weeks with his stock trading strategy, reach him on WhatsApp+1(585)666-1331/rameshvijaytrading@gmail..com
@GeneralGuts1
January 7, 2024 at 1:22 pm
Nikola is Hydrogen based fuel cell and can be fulled in like 4mins instead 40mins for normal ev..Ev's sux
@DJTheoSF
January 7, 2024 at 1:22 pm
You need to stop "Hyping up" Nikola. I've been observing over the past 3 months that on several occasions you said Nikola is "soaring" when in reality the stock dropped by almost 50%. Stop fooling investors with you poor stock pick. It has not manufactured one truck yet and has lied about many things already. The CEO Trevor is a great "sales guy." Tesla will ultimately come out on top since they are 5 to 10 years ahead of other companies. Much Love 🙂
@andrewbryant47
January 7, 2024 at 1:22 pm
First of all Trump‘s pressure on the FDA is irrelevant because he’s not a doctor he’s not a scientist he don’t believe in doctors or scientist or intelligence so I guess these CEOs from Ollies major companies said after all because if they bring out a vaccine that’s not working do you know what that’s going to do today credibility Trump has no credibility as it is now so instead of killing people with a vaccine I accept them taking the time and going through the free phase 3 trials in order to get 75% presentable vaccine for the people of the United States Trump hasn’t done anything for the people Of the United States
@kelvinchu321
January 7, 2024 at 1:22 pm
Nice timing CNBC, right after you released this video Nikola dropped 36% in 3 days due to fraud allegations
So not soaring after all
https://www.bloomberg.com/news/articles/2020-09-12/nikola-s-history-of-discrepancies-has-been-hiding-in-plain-sight
Besides, that GM "partnership" is basically Nikola giving GM free money, why would GM refuse. Its basically win-win for GM whatever happens to Nikola; they get at least 700million regardless.
@teslascoop2177
January 7, 2024 at 1:22 pm
That didn't age well..
@Zohar-Modifier
January 7, 2024 at 1:22 pm
4Years later when Covid-19 is gone… and Toyota will still be the crown… Honda shouldn't mix with junks…
@QuietJagung
January 7, 2024 at 1:22 pm
Similar to Boeing pledge
@MM-sf3rl
January 7, 2024 at 1:22 pm
I wish Nikola well, but no vehicles on the road and no cash. It’s a little early to boast.
@zechmerquise5281
January 7, 2024 at 1:22 pm
And now Nikola tanks while tesla bounces back
@rickkay9548
January 7, 2024 at 1:22 pm
lol this didn't age well. A dinosaur merges with a scammy no-product hydrogen company.
@deltapag3247
January 7, 2024 at 1:22 pm
"GM's expertise on making electric vehicles" Huh??? What the Chevy Volt?
@apatel3235
January 7, 2024 at 1:22 pm
CNBC loves NIKOLA fraudster
@xzeflipb818
January 7, 2024 at 1:22 pm
14:23 Who spells Motors wrong?
@ndxs
January 7, 2024 at 1:22 pm
5:56 "General Moters CEO"
@wazy1852
January 7, 2024 at 1:22 pm
Why nvidia is down? Aren't the new generation of GC supposed to rise the stock?
@behrensf84
January 7, 2024 at 1:22 pm
I thought nikola said they had amazing fuel cell technology. Now they are just going to use GM’s???
@kahlanelaine9265
January 7, 2024 at 1:22 pm
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
@plootow1622
January 7, 2024 at 1:22 pm
Tomorrow Nikola will drop around $3-$5. Then it will fluctuate some where $30-$35 or $35-$40 waiting for big player to bail them out. There are no future for Nikola. I have no idea why GM put $2b in Nikola?
@KikiNation1
January 7, 2024 at 1:22 pm
Vaporware.
@irenerenee3117
January 7, 2024 at 1:22 pm
do you think 1% of the population earns around 70% of all the money that’s being earned? Do you that’s an accident? They understand the secret to financial breakthrough, type RE below to learn this secrets using the trading methods when talking the crypto currencies investment.
@spongebob6956
January 7, 2024 at 1:22 pm
I think Nikola realized Hydrogen Fuel Cells are too costly for the consumer and that Electricity is the Way To Go