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Tag Archives: CNBC
Alibaba’s cloud unit shines even as rivalry heats up in China’s ‘instant commerce’ space
Alibaba posted a a revenue miss in the June quarter even as it showed an acceleration at its cloud computing unit.
Affirm’s stock soars 15% on earnings, revenue beat
Affirm’s earnings per share of 20 cents for the quarter was almost double what Wall Street expected.
Tesla FSD turns off more U.S. consumers than its attracts, survey finds
Despite Elon Musk’s exhaustive promotion of Tesla’s FSD technology, U.S. consumers don’t seem to want it.
Dell shares fall on soft third-quarter earnings outlook
Dell said it now plans to ship $20 billion of AI servers in its fiscal 2026, double what it sold last year.
Nvidia’s top two mystery customers made up 39% of the chipmaker’s Q2 revenue
Nvidia’s top two customers making up 39% of its total revenue is renewing concern about the risk of the chipmakers clientele concentration.
Intel gets $5.7 billion from Trump deal as White House says details are ‘being ironed out’
White House press secretary Karoline Leavitt said the Intel deal is still “being ironed out by the Department of Commerce.”
Nvidia’s Huang touts ‘full steam’ AI spend while China uncertainty remains
Nvidia stock fluctuated as investors digested the company’s latest earnings report, which signaled robust AI demand but provided little clarity on China.
AI adoption linked to 13% decline in jobs for young U.S. workers, Stanford study reveals
A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers.
Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
Tesla faces a number of challenges in Europe including continued intense competition and brand damage from Elon Musk’s political involvement.
Microsoft fires two employees over breaking into its president’s office
The protesters, affiliated with the group No Azure for Apartheid, gained entry into Smith’s office and had demanded that Microsoft end its direct and indirect support to Israel.