From left, President Donald Trump, Oracle’s Larry Ellison, SoftBank’s Masayoshi Son and OpenAI’s Sam Altman appear at the White House in Washington on Jan. 21, 2025. Jim Watson | Afp | Getty Images The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software…
Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock jumped 11% in extended trading. Here’s how the chipmaker did versus LSEG consensus estimates Earnings per share: 42 cents, adjusted, versus 21 cents expected Revenue: $16.1 billion, versus $14.42…
Microsoft’s Xbox CEO, Asha Sharma speaks at the Bloomberg Tech conference in San Francisco on June 4, 2026. David Paul Morris | Getty Images Amazon and Microsoft have devised new ways to get people playing video games in the cloud. Microsoft’s Xbox division said Thursday that it will test an advertising-supported way of letting people…
Google‘s cloud chief Thomas Kurian said the company’s existing customers are shelling out “roughly 50% more” than they’ve already committed to spend on its products, which helped drive its red-hot cloud growth during the second quarter. “Our existing customers have increased their spend when they make a commitment to us,” Kurian told CNBC’s Jim Cramer…
A Google logo displays on a smartphone screen and the European flag on a computer screen. Nikolas Kokovlis | Nurphoto | Getty Images European regulators have fined Google 890 million euros ($1 billion) alleging the company gives preferential treatment to its own services. The fine is Google’s first under the European Union’s sweeping Digital Markets…
IBM CEO Arvind Krishna attends a Rose Garden Club event on the Rose Garden of the White House in Washington on July 6, 2026. Mandel Ngan | Afp | Getty Images IBM on Wednesday lowered its 2026 forecast and delivered thinner quarterly profits than analysts had projected, even after the technology vendor issued an earnings…
Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas. CNBC Tesla reported earnings after the bell. Here’s how the company did, compared with estimates from analysts polled by LSEG: Here’s how the company did compared to Wall Street expectations, according to estimates from analysts polled by LSEG Earnings per share: 33 cents…
Pressure from President Donald Trump to manufacture advanced semiconductors in the U.S. is increasing costs and squeezing margins at TSMC, the world’s leading chipmaker. Following Trump’s return to power in 2025, the president has repeatedly threatened tariffs on companies that don’t make their products in America. Since then, TSMC has announced a total of $200…
Alphabet is releasing three new Gemini models on Tuesday, including its clearest answer yet to Anthropic‘s lead in cybersecurity, as the company looks to show progress across a product pipeline that has faced delays and mounting competition. Gemini 3.5 Flash Cyber is designed to detect and patch software vulnerabilities and will initially be available only…
A worker inspects a toilet unit at a Toto Ltd. plant in Kitakyushu, Fukuoka Prefecture, Japan, on Thursday, May 28, 2026. Bloomberg | Bloomberg | Getty Images At a time when investor attention has been on the semiconductor industry, some hidden gems with businesses quite dissimilar to high tech have turned out to be market…
