Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg plans to ramp up his company’s spending on artificial intelligence in 2026. Wall Street seems fine with that strategy….
Microsoft CEO Satya Nadella speaks at the World Economic Forum in Davos, Switzerland, on Jan. 20, 2026. Krisztian Bocsi | Bloomberg | Getty Images Microsoft shares fell 7% in extended trading on Wednesday after the software maker issued quarterly results that were healthier than analysts had anticipated. Here’s how the company performed in comparison with…
Jakub Porzycki | Nurphoto | Getty Images AppLovin sent a cease and desist letter to CaptialWatch Monday, claiming the short-seller’s report that the company “serves as a ‘digital laundromat’ for criminal syndicates” is defamatory and baseless. “Your respective ‘reports’ contain numerous absurd and demonstrably false statements of purported fact about AppLovin,” the letter states, calling…
onathan Raa | Nurphoto | Getty Images ASML reported on Wednesday orders that smashed past expectations while 2026 sales guidance was also ahead of estimates as AI demand continues to support the Dutch chip giant’s business. Bookings, one of the most closely-watched metrics from investors, came in at 13.2 billion euros ($15.8 billion) in the…
Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | Getty Images Amazon on Tuesday sent a notice out to cloud staffers in an apparent error acknowledging “organizational changes” at the company. The e-commerce giant is expected to announce widespread layoffs across…
Corning stock may be skyrocketing on Tuesday, but Jim Cramer has a clear message for investors tempted to take profits: The rally isn’t over yet. Shares surged more than 16% after CNBC reported that Corning inked a new partnership with fellow Club holding Meta Platforms . The Facebook parent said it will pay Corning up…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Fundrise, a Washington,…
A general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Micron Technology on Tuesday committed approximately $24 billion to expand its wafer manufacturing operations in Singapore, as the American memory chipmaker moves to expand production amid global shortages. In a press release, Micron said the investment would add…
Shares of CoreWeave popped 12% on Monday after Nvidia announced it has invested $2 billion in the artificial intelligence infrastructure provider. Nvidia purchased CoreWeave Class A common stock at $87.20 per share, according to a release, a discount from Friday’s closing price of $92.98. The investment will help CoreWeave accelerate its buildout of “5 gigawatts…
LEDs light up in a server rack in a data center. Picture Alliance | Picture Alliance | Getty Images Price rises and memory shortages are likely to continue through 2027, a top semiconductor industry CEO told CNBC, adding to the view that the crunch that’s been caused by the AI infrastructure boom may last longer…