Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Nathan Howard | Reuters Meta on Friday said it is making temporary changes to…
A strong month for the stock market was going out on a sour note on Friday. The S & P 500 retreated from Thursday’s record high close, reversing slightly into the red for the week, which put the index on pace to end its four-week winning streak. For August, however, the S & P 500…
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology plunged 15% on Friday after the artificial intelligence chipmaker’s data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here’s how the company did…
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Ambarella stock roared 20% higher Friday as the chip designer reported better-than-expected fiscal second-quarter results and issued strong guidance. Here’s how the company did compared with LSEG expectations: Earnings: 15 cents per share adjusted vs 5 cents per share expected Revenue: $96 million vs $90…
Affirm stock popped 20% Friday after the buy now, pay later firm beat Wall Street’s expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq’s 12% gain. Earnings came in at 20 cents a share and nearly doubled analyst expectations, with…
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant’s revenues came in under…
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. The Soyuz TMA-19M rocket launches into space from Kazakhstan’s Baikonur Cosmodrome on Dec. 15, 2015. NASA/Joel Kowsky | Getty Images Overview: Made in Russia Smartphone enthusiasts can pick up fresh…
Photo illustration of the YouTube TV logo displayed on a smartphone, with the YouTube logo in the background. Nurphoto | Nurphoto | Getty Images YouTube and Fox announced Friday that the companies had reached a deal to keep Fox News, Fox Sports and other Fox channels available on YouTube TV, following negotiations over a new…
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later…
Two Nvidia customers made up 39% of Nvidia’s revenue in its July quarter, the company revealed in a financial filing on Wednesday, raising concerns about the concentration of the chipmaker’s clientele. “Customer A” made up 23% of total revenue, and “Customer B” comprised 16% of total revenue, according to the company’s second-quarter filing with the…
