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Pixel Watch.

Google

Google on Thursday announced the Pixel 7 and Pixel 7 Pro phones and its first watch, the Pixel Watch. The devices were first teased during Google’s developer event in May, but the company used an event in New York City to provide more detail about each new product, such as what’s new, how much they’ll cost and when you can buy them.

The Pixel is gaining momentum, but it still has just a fraction of the phone market. During Alphabet’s earnings call for the first quarter, CEO Sundar Pichai said the Pixel Series 6 is the “fastest-selling Pixel ever” and said the company set an all-time quarterly sales record. The company hopes that it can carry that momentum with the new Pixel 7.

Pixel 7 Pro.

Google

Google makes most of its money from advertising and doesn’t report revenue directly from its hardware products. The company reports an “other” revenue segment, which includes hardware, Play Store, and non-advertising YouTube revenue. In the second quarter of this year, the company said it brought in “other” revenue of $6.55 billion for the quarter, down slightly from $6.62 billion the prior year. Conversely, Apple made $50.5 billion in iPhone revenue during its second quarter.

The Pixel 7, Pixel 7 Pro and Pixel Watch launch Oct. 13.

Here’s what you need to know about them.

The Pixel Watch has Fitbit built in

Pixel Watch.

Google

The Pixel Watch will embed health tracking features from Fitbit, which Google acquired for about $2.1 billion.

You can use Fitbit on the watch to track workouts, how well you slept, steps taken and more. If you’ve already used a Fitbit, it will sync right up with the existing app you already have on your phone. The Pixel Watch also comes with a six-month Fitbit premium membership. The service includes access to more than 200 workouts, offers information on how sleep and heart rate trends have changed over time and more.

But, like the Apple Watch, it has smartwatch features, too. It runs the company’s Wear OS software, which allows you to download apps from the Google Play Store. And it ties seamlessly into Google’s products such as Wallet, Gmail, Calendar and Google Home. The Pixel Watch only works with Android phones.

Google says the Pixel Watch can last up to 24 hours on a single charge, which is six hours longer than the Apple Watch Series 8.

The Pixel Watch starts at $349.99 for Bluetooth and WiFi and $399.99 for 4G LTE. Like Apple’s Series 8, it has Emergency SOS. The company says it will add fall detection later this year.

Pixel 7 and Pixel 7 Pro

Pixel 7 all colors.

Google

The $599 Pixel 7 and $899 Pixel 7 Pro are the first phones to run on Google’s new Tensor G2 chip. It shows Google is continuing to build its own chips instead of using a chip from Qualcomm, which it ditched last year when it launched the Pixel 6 and Pixel 6 Pro. The Tensor processor helps enable features that Google said it couldn’t provide otherwise, such as increased camera functions, on-device translation and more.

Google said the Pixel 7 has a 6.3-inch screen that’s 25% brighter than last year’s model for improved visibility outdoors. It’ll be offered with 128GB and 256GB of storage, which is plenty for most people, though folks who need more space to save big files such as videos should consider the Pixel 7 Pro, which ships with up to 512GB of storage.

Google’s Pixels have been known to have some of the best cameras on the market in past years. We don’t know how the Pixel 7 will match up just yet, but Google says it’s made improvements.

Google bumped the resolution of the back camera up to 50 megapixels, which should offer sharper images than last year’s phones. And, despite the cheaper price, the Pixel 7 has the same front-facing, main and ultrawide sensors as the more expensive model, but doesn’t have the added zoom lens on the back.

Pixel 7 Pro colors.

Google

The Pixel 7 Pro has a few other high-end trimmings. It has more memory, which should make apps and multitasking feel faster, and has a better display with a sharper resolution and higher peak brightness outdoors. It also has a higher refresh rate, just like the iPhone 14 Pro Max, which means scrolling through websites or playing games will look smoother.

You can order the new phones and watch beginning Thursday ahead of their Oct. 13 release.

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More demand than supply gives companies an edge, Jim Cramer says

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More demand than supply gives companies an edge, Jim Cramer says

“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.

“When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.

Intel‘s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”

Along with Intel, other tech names that are also supply constrained and performing well on the market include Micron, AMD and Nvidia, Cramer continued.

These companies don’t have enough product in part because the storage needs of artificial intelligence are incredible high, Cramer said. He added that he thinks demand has overwhelmed supply because semiconductor capital equipment companies didn’t manufacture enough of their own machines as they simply didn’t anticipate such a volume of orders.

Outside of tech, Cramer said he thinks airplane maker Boeing and energy company GE Vernova are also supply constrained, adding that he thinks the former will say it’s short on most of its planes when it reports earnings next week. GE Vernova is supply constrained with its power equipment, like turbines that burn natural gas, he continued, which is the primary energy source for the ever-growing crop of data centers.

GE Vernova and Boeing are also set to be winners because they make big-ticket items that other countries can buy from the U.S. to help close the trade deficit, Cramer added.

“In the end, we have more demand than supply in a host of industries and that’s the ticket for good stock performance,” he said. “I don’t see that changing any time soon.”

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3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise

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3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise

Wall Street remains skeptical on Intel despite its return to profitability

Intel snapped a losing streak of six straight quarterly losses and returned to profitability in the third quarter.

In its first earnings report since the Trump administration acquired a 10% stake in the company, the U.S. chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026.

Client computing revenue, which includes chips for PCs and laptops, grew 5% year over year, benefiting from PC market stabilization and artificial intelligence PC prospects.

CEO Lip-Bu Tan said in a call with analysts Thursday that artificial intelligence “is a strong foundation for sustainable long-term growth as we execute.”

The chip strength and demand were bright spots, but there were areas of concern as well, with the company’s foundry business still needing a big break.

Here are three takeaways from the chipmaker’s Q3 report:

Cash flow

“We significantly improved our cash position and liquidity in Q3, a key focus for me since becoming CEO in March,” Tan said on a call with analysts Thursday.

Intel landed an $8.9 billion investment from the U.S. government in August, along with $2 billion from Softbank, but has not yet received the $5 billion tied to a deal with Nvidia. The company expects that deal to close by the end of Q4.

With all of those transactions completed, plus the Altera sale, Intel will have $35 billion in cash on hand, CFO David Zinser told CNBC.

The U.S. government is the company’s biggest shareholder, and Intel stock is up more than 50% since Aug. 22, when Commerce Secretary Howard Lutnick announced the deal.

“Like any shareholder, we have to keep in touch with them,” Zinser said of the U.S. stake. “We don’t tell them how the numbers are going before the quarter. We generally talk to them like Fidelity,” another Intel shareholder.

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Intel 3-month stock chart.

Foundry

The firm’s foundry remains a work in progress.

Revenue fell 2% over the year before, and it has yet to land a major customer.

Intel now has two fabs running 18A nodes, which are designed for AI and high-performance computing applications.

“We are making steady progress on Intel 18A,” Tan said of its latest chip technology. “We are on track to bring Panther Lake to market this year.”

Zinser said the more advanced 14A nodes won’t be put in supply until the company has “real firm demand.”

Old stuff still selling

Zinser said the company’s older chipmaking processes, or nodes, have continued to do well, “and that was probably the part that was more unexpected.”

Zinser said the chipmaker met some of the central processing unit (CPU) demand with inventory on hand, but they will be behind in Q1, “probably Q2 and maybe in Q3.”

The supply crunch has been with older Intel 10 and 7 manufacturing technologies.

Many customers are opting for less advanced hardware to refresh their operating systems, demonstrating enterprises aren’t waiting for cutting-edge chips when proven technology gets the job done.

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What Cramer expects from 10 stocks reporting earnings next week; calls two buys

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What Cramer expects from 10 stocks reporting earnings next week; calls two buys

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