Tag Archives: CNBC

IBM shares rise 8% on earnings beat

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

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Amazon lays off ‘small number’ of employees in communications and sustainability units

Amazon laid off more than 27,000 in 2022 and 2023 and has continued making smaller cuts.

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Britain takes stake in SpaceX rival Orbex to boost space ambitions

The U.K. government has invested £20 million in Orbex, a Scottish spaceflight startup aiming to rival Elon Musk’s SpaceX.

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ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less

Without addressing the specifics of DeepSeek’s model, ASML CEO Christophe Fouquet told CNBC he sees no sign of a slowdown in demand for AI chips.

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Critical chip firm ASML posts quarterly bookings surge on heated AI demand

Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.

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Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House

Tesla shareholders are asking questions about CEO Elon Musk and his political distractions ahead of fourth-quarter call.

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23andMe is exploring strategic alternatives, looking to raise capital

23andMe said it’s started exploring strategic alternatives, including a possible sale.

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Apple supplier Qorvo sees swift reversal in stock price after warning of weakness in smartphone parts

Qorvo, a key Apple supplier reported strong earnings and guidance, but the stock dropped after the company warned of flat sales to its “largest customer.”

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Google reclassifies U.S. as ‘sensitive country’ alongside China, Russia after Trump’s ‘Gulf of America’ comments

Following President Trump’s declarations about changes to the map, Google employees were given the highest level of urgency to reclassify the U.S.

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U.S. Navy bans use of DeepSeek due to ‘security and ethical concerns’

The U.S. Navy issued a warning to its members to avoid using DeepSeek “in any capacity,” due to “potential security and ethical concerns.”

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