Tag Archives: CNBC

CNBC Daily Open: Record high U.S. stocks as investors rotate out of tech

Even though the AI theme seems to be under scrutiny, other sectors are performing well on the back of a resilient U.S. economy and buoyed by interest-rate cut.

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Reddit challenges Australia’s under-16 social media ban in High Court filing, says law curbs political speech

Reddit filed a legal challenge seeking to either declare the law invalid, or exclude the platform from the provisions of the law

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Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market

As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.

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Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call

Investors were apparently not satisfied with Broadcom CEO Hock Tan’s answer to an important question.

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CNBC Daily Open: U.S. stocks hit records despite AI-led tech slide

Even though the AI theme seems to be under scrutiny, other sectors are performing well on the back of a resilient U.S. economy and buoyed by interest-rate cut.

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Oracle’s lease commitments jump by almost 150% as company builds out to meet AI demand

Oracle’s lease commitments now total $248 billion, with $10 billion tied to cloud capacity.

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Broadcom reveals its mystery $10 billion customer is Anthropic

Broadcom CEO Hock Tan said Anthropic placed an additional $11 billion order in the fourth quarter.

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Trump signs executive order for single national AI regulation framework, limiting power of states

President Trump’s executive order, which limits the power of states in regulating AI, is a win for big tech companies that have lobbied for a federal standard.

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Palantir sues former employees, says Percepta AI CEO set out to ‘pillage’ top developers

Palantir accused three former employees of violating non-solicitation agreements, and said they’re competing with the company by hiring top developers.

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Trump ‘sells out’ U.S. national security with Nvidia chip sales to China, Sen. Warren says

Nvidia CEO Jensen Huang “understands that … being able to cozy up to Donald Trump might be the most important corporate CEO skill of all,” Sen. Warren said.

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