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Tag Archives: CNBC
Meta, Microsoft roar higher on strong earnings as AI spending booms
Meta and Microsoft have been investing heavily in AI infrastructure in recent years, and are set to still shell out billions in capital expenditures.
Microsoft and Amazon are hurting cloud competition, UK regulator finds
Britain’s competition regulator called for a probe into Microsoft and Amazon’s cloud market dominance under the country’s strict new tech rules.
OpenAI spearheads one of Europe’s biggest data centers with 100,000 Nvidia chips
OpenAI said it is launching a Stargate AI data center in Norway which will be designed and built by Nscale and Aker.
Nvidia’s China-bound H20 AI chips face Beijing scrutiny over ‘tracking’ and security concerns
Nvidia met with Beijing officials on Thursday regarding potential national security risks posed by the resumption of its H20 chip exports to the country.
Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud
The Boring Company is calling its 10-mile Nashville project the Music City Loop.
Samsung second-quarter profit more than halves, missing expectations, weighed by slump in chip business
Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.
Meta’s big AI spending blitz will continue into 2026
Meta CEO Mark Zuckerberg plans to continue his company’s artificial intelligence spending blitz well into the next year as rival tech giants do the same.
EBay stock surges on earnings beat, rosy guidance
EBay reported better-than-expected earnings and revenue in its quarterly report.
Figma prices IPO at $33, above expected range
Software developer Figma is poised to debut on the New York Stock Exchange on Thursday, becoming the latest high-profile tech company to go public.
Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club
Based on its post-market trading, Microsoft has become the world’s second $4 trillion company following quarterly earnings.