Big Tech companies have seen over $1 trillion wiped from their market cap over the past week, as fears over AI spending sparked a sell-off. Microsoft, Nvidia, Oracle, Meta, Amazon and Alphabet all saw their shares fall in the week up to market close on Thursday, as the companies’ earnings reports signaled huge continued capex…
Justin Tallis | Afp | Getty Images Bitcoin bounced off its recent low on Friday after narrowly avoiding falling below the key $60,000 mark, but some market commentators suggested there’s more selling to come. Late on Thursday, the world’s biggest cryptocurrency fell below $61,000 and hovered just above the $60,000 mark. As of 4:54 a.m….
Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively. The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific…
A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor announced Friday that Chief Executive Officer Koji Sato will step down and be replaced by its Chief Financial Officer, Kenta Kon, marking the automaker’s second CEO transition in three years. The leadership shakeup will take effect…
The Anthropic AI logo is displayed on a mobile phone with a visual digital background. Nurphoto | Nurphoto | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic’s new AI tools, built for its Claude…
Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from…
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York, Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon‘s stock plunged 11% in extended trading on Thursday, dragged lower by market jitters around the company’s $200 billion capex plans, the highest spending forecast among the megacap companies. The forecast is…
Amazon shares plummeted Thursday evening after the tech giant revealed a $200 billion capital expenditures plan for this year. Additionally, management’s current quarter profit forecast miss overshadowed what was otherwise a generally good final quarter of 2025. Revenue increased 14% year over year to $213.39 billion, beating expectations for $211.33 billion, according to estimates compiled…
Roblox Corp. headquarters in San Mateo, California, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images Roblox shares surged as much as 20% in extended trading Thursday after the company reported results for the fourth fiscal quarter that beat consensus estimates. Here’s how the gaming company did, compared with estimates from analysts polled…
Sopa Images | Lightrocket | Getty Images Reddit shares rose 6% and then receded to flat in after-hours trading on Thursday after the company reported fourth-quarter earnings that beat on the top and bottom lines and gave strong guidance for the start of 2026. Here’s how the company did compared with LSEG estimates: Earnings per…
