Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon shares soared 10.81% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services. Cloud was a…
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit reported third-quarter earnings on Thursday in which…
CNBC’s Jim Cramer unpacked Thursday’s market action, saying that even though tech stocks took a hit, they might not stay down for long, praising recent quarters from Apple and Amazon. “After Apple’s good quarter and fabulous guidance, and Amazon’s great quarter and great guidance, I wouldn’t be surprised if the money comes right back into…
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon is slated to post results for the third quarter after the closing bell Thursday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $1.57 Revenue: $177.8 billion…
Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share…
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, Sept. 25, 2024. Manuel Orbegozo | Reuters Meta shares dropped 9% after the company reported third-quarter earnings on Wednesday that beat on sales. Here’s how the company did, compared with estimates from analysts polled…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 flipped between positive and negative Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was…
Cfoto | Future Publishing | Getty Images Character.AI on Wednesday announced that it will soon shut off the ability for minors to have free-ranging chats, including romantic and therapeutic conversations, with the startup’s artificial intelligence chatbots. The Silicon Valley startup, which allows users to create and interact with character-based chatbots, announced the move as part of…
This week’s earnings from major tech megacaps — namely Amazon, Alphabet, Apple, Microsoft and Meta — are vital to the market’s performance over the next few months, CNBC’s Jim Cramer said on Monday. “We know that the market’s direction for the next couple of months will be defined by the results we get this week,”…
Amazon Proteus robots demonstrate autonomous navigation using barcodes on the floor during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022. Bloomberg | Bloomberg | Getty Images Artificial intelligence is widening the productivity gap between large and small companies, lifting up bigger firms that…
