Kevin Schmidt

San Francisco

Segment Producer at CNBC

@CNBC // Formerly @CBSNews // NU @MedillSchool // Probably enjoying a nibble

Articles

Middle Eastern funds are plowing billions of dollars into hottest AI start-ups

Sep 22, 2024 | cnbc.com | Kate Rooney |Kevin Schmidt

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to tech investments as a hedge. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook.
How some venture capitalists are trying to lift the profile of LGBTQ+ founders

Jun 27, 2024 | newsbreak.com | Kevin Schmidt

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How some venture capitalists are trying to lift the profile of LGBTQ+ founders

Jun 27, 2024 | cnbc.com | Kevin Schmidt

Raising capital remains an enduring obstacle for LGBTQ+ entrepreneurs. Some venture capitalists are trying to change the equation and are backing minority founders to help them scale their companies and create jobs within their communities.
'T-bill and chill': Why Jack Bogle's strategy of 'lazy' investing is making a comeback

Nov 10, 2023 | cnbc.com | Kate Rooney |Kevin Schmidt

Boring investing is making a comeback. With the meme-stock rally in the review mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard's founder, Jack Bogle. The father of market indexes preached low-cost, passive investments that compound over years. Fans call themselves "Bogleheads," and the strategy "lazy" investing. They're well positioned for the current market.
Cannabis ETFs are off to a strong September. Will the buzz last?

Sep 9, 2023 | cnbc.com | Kevin Schmidt

While cannabis stocks have lit up following the Drug Enforcement Agency's agreement to review its classification of marijuana last month, the move is also sparking momentum in the ETF space. "We've seen most cannabis ETFs rally over 30% since the news broke last week on this recommendation," Amplify ETFs CEO Christian Magoon told CNBC's Courtney Reagan on "ETF Edge" on Wednesday. The Amplify Seymour Cannabis ETF (CNBS) is up more than 37% since Aug.
Cannabis ETFs are off to a strong September. Will the buzz last?

Sep 9, 2023 | nbcboston.com | Kevin Schmidt

While cannabis stocks have lit up following the Drug Enforcement Agency's agreement to review its classification of marijuana last month, the move is also sparking momentum in the ETF space. "We've seen most cannabis ETFs rally over 30% since the news broke last week on this recommendation," Amplify ETFs CEO Christian Magoon told CNBC's Courtney Reagan on "ETF Edge" on Wednesday. The Amplify Seymour Cannabis ETF (CNBS) is up more than 37% since Aug.
Cannabis ETFs are off to a strong September. Will the buzz last?

Sep 9, 2023 | nbcchicago.com | Kevin Schmidt

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Cannabis ETFs are off to a strong September. Will the buzz last?

Sep 9, 2023 | nbclosangeles.com | Kevin Schmidt

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Industrials over tech? Gauging productivity play among AI ETFs

Aug 26, 2023 | msn.com | Kevin Schmidt

Artificial intelligence isn't new technology. It grew in popularity after ChatGPT was released to the public late last year. Firms that are early leaders in AI may not be the best long-term investments, said Barry Glassman, founder and president of Glassman Wealth Services and a member of CNBC's Advisor Council. The largest beneficiaries may not even be technology firms, but those that use and benefit from AI products and services, he said. Hoping to invest in artificial intelligence?
Industrials over tech? Gauging productivity play among AI ETFs

Aug 26, 2023 | cnbc.com | Kevin Schmidt

Exchange-traded funds tied to the artificial intelligence boom have been touted as outperformers in the first half of 2023, but momentum is shifting as investors balance the tech-fueled hype with higher rates. "Interest rates are certainly causing the markets to kind of take a second look," Global X Chief Investment Officer Jon Maier told CNBC's Bob Pisani on "ETF Edge" on Monday.