Apple is ready to pony up another $100 billion to appease President Donald Trump . Jim Cramer says it was a necessary evil. Wall Street agreed, and the struggling stock rallied. The news Shares of Apple jumped nearly 6% on Wednesday after a White House official confirmed to CNBC that the tech giant will raise…
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Shares of Advanced Micro Devices slumped more than 7% after the chipmaker‘s earnings fell short of earnings expectations and raised concerns about…
Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per…
Triple H looks on during WrestleMania 41 Saturday at Allegiant Stadium on April 19, 2025 in Las Vegas, Nevada. Georgiana Dallas | WWE | Getty Images The WWE is coming to ESPN. The Disney-controlled sports and entertainment business will pay an average of $325 million per year for five years of rights to the WWE’s…
China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images Two Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of dollars‘ worth of AI chips, the Department of Justice said Tuesday. Chuan Geng,…
OpenAI on Tuesday released two open-weight language models for the first time since it rolled out GPT-2 in 2019. The text-only models are called gpt-oss-120b and gpt-oss-20b, and are designed to serve as lower-cost options that developers, researchers and companies can easily run and customize, OpenAI said. An artificial intelligence model is considered open weight…
With Opendoor shares up almost fivefold since the beginning of July and trading volumes hitting record levels, CEO Carrie Wheeler thanked investors for their “enthusiasm” on Tuesday’s earnings call. “I want to acknowledge the great deal of interest in Opendoor lately and that we’re grateful for it,” Wheeler said, even as the stock sank more…
A Lucid Air electric vehicle (EV) at the company’s showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Samuel Corum | Bloomberg | Getty Images Lucid Group on Tuesday softened its production outlook for the rest of the year as it reported second-quarter earnings that missed Wall Street expectations. The electric vehicle maker now…
Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 16 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.34 billion vs. $1.35 billion expected, according to LSEG …
Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices…
