Traders work on the floor of the New York Stock Exchange during morning trading on July 30, 2026 in New York City. Michael M. Santiago | Getty Images Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The Dow just notched its fifth straight record close,…
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Asian technology stocks surged Wednesday after a strong Wall Street rally overnight that saw robust corporate earnings and easing…
India Prime Minister Narendra Modi, left, with OpenAI CEO Sam Altman, center, and Anthropic CEO Dario Amodei at the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images Tech companies’ venture capital portfolios are making corporate profits look a lot stronger than they really are. Microsoft, Amazon…
CNBC’s Jim Cramer said on Monday that Amazon CEO Andy Jassy’s earnings call changed how Wall Street views massive artificial intelligence investments. “Until Jassy spoke, the market seemed highly skeptical of how these megacap tech companies were spending money,” the “Mad Money” host said. “That’s no longer the case.” For months, investors had questioned whether…
Shares of Amazon hit a new all-time high on Monday, putting its market cap over the $3 trillion threshold following a better-than-expected earnings report last week. Monday’s new record is the best day for Amazon since May 5. Shares are up roughly 4%. The jump comes after the company reported a surge in cloud growth…
For months, I have been after Amazon CEO Andy Jassy to give us “line of sight” into something that can explain why they’re is spending so much money building out all of these data centers. I wanted to know if this is just some sort of rainbow without a pot of gold, or whether there…
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while…
Eaton delivered an excellent quarter on Friday, reinforcing our view that the AI data center buildout remains alive and well. The power management company also raised its sales outlook to reflect a bigger-than-expected contribution from a recent acquisition. Revenue for the second quarter ended June 30 increased over 21% year-over-year to a record $8.53 billion,…
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings…
