Tag Archives: CNBC

The Fed meeting, Starbucks earnings, Amazon layoffs and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

Posted in Tech | Tagged | Comments Off on The Fed meeting, Starbucks earnings, Amazon layoffs and more in Morning Squawk

China’s next DeepSeek moment could come from a group of AI chipmaking ‘dragons’

China is gaining momentum with its home-grown Nvidia rivals, and it could be the next DeepSeek moment.

Posted in Tech | Tagged | Comments Off on China’s next DeepSeek moment could come from a group of AI chipmaking ‘dragons’

Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia

Reuters reported that China has approved sales of Nvidia’s H200, sending the AI chip giant’s shares higher in premarket trade.

Posted in Tech | Tagged | Comments Off on Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia

Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push

The layoffs mark the second round of mass cuts at Amazon since last October, when the company laid off roughly 14,000 employees across its corporate workforce.

Posted in Tech | Tagged | Comments Off on Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push

Autonomous trucking startup Waabi raises $750 million to expand into robotaxis

Khosla Ventures, G2 Venture Partners, Uber, Nvidia and Volvo are all investing in Toronto-based, driverless tech startup Waabi.

Posted in Tech | Tagged | Comments Off on Autonomous trucking startup Waabi raises $750 million to expand into robotaxis

South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.

SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.

Posted in Tech | Tagged | Comments Off on South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.

SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat

South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.

Posted in Tech | Tagged | Comments Off on SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat

CNBC’s The China Connection newsletter: China-made humanoid robots set sights on Middle East and U.S. markets

Chinese humanoid robot companies are expanding globally, piling pressure on Elon Musk’s Optimus before it reaches mass production.

Posted in Tech | Tagged | Comments Off on CNBC’s The China Connection newsletter: China-made humanoid robots set sights on Middle East and U.S. markets

Chip giant ASML posts record orders and upbeat 2026 guidance as AI boom continues

ASML is experiencing several tailwinds including an expectation of increased chipmaking capacity and continued demand for AI semiconductors.

Posted in Tech | Tagged | Comments Off on Chip giant ASML posts record orders and upbeat 2026 guidance as AI boom continues

One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models

Chinese companies are releasing new AI models and striving to gain an edge in the AI application race as the country’s biggest holiday of the year nears.

Posted in Tech | Tagged | Comments Off on One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models