The Intel logo is displayed on a sign in front of Intel headquarters on Jan. 22, 2026 in Santa Clara, California. Justin Sullivan | Getty Images Intel shares soared more than 20% on Friday as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock was up 22% as of early…
Apple is adding a new CEO to its ranks and continuing a long-running tradition of internal promotion. The iPhone maker on Monday announced that CEO Tim Cook will step down as chief executive in September and named senior vice president of hardware engineering John Ternus as his successor. Cook will serve as executive chairman. He…
A Rigetti quantum computer displayed at the Nvidia booth during the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Wednesday, Oct. 29, 2025. Kent Nishimura | Bloomberg | Getty Images Quantum stocks climbed on Thursday, adding to a massive week-to-date rally fueled by enthusiasm for Nvidia‘s new open-source artificial intelligence models designed to…
Coreweave CEO Mike Intrator backed up the company’s massive spending plans during an interview with CNBC’s “Squawk on the Street” on Friday as shares dropped post-earnings on profitability worries. Intrator told CNBC that Coreweave has willingly chosen to invest in more infrastructure and take a margin hit to meet the “once in a generation moment”…
Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Palo Alto Networks CEO Nikesh Arora addressed the recent downdraft in software stocks, telling analysts in…
Palo Alto Networks beat Wall Street’s fiscal second-quarter estimates after the bell on Tuesday but shares fell 6% on disappointing guidance. Here’s how the company did versus LSEG estimates: Earnings per share: $1.03 per share excluding items vs. 94 cents expected Revenue: $2.59 billion vs. $2.58 billion expected The cybersecurity company forecasted lackluster earnings for…
Voyager Technologies‘ CEO Dylan Taylor said two years would be an “aggressive” timeframe for space data centers and cooling remains a problem for the developing technology. While SpaceX has the heavy lift rockets to bring components to space, Taylor told CNBC’s Morgan Brennan that the lack of a cooling solution to transfer the heat remains…
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan May 19, 2025. Ann Wang | Reuters Qualcomm shares plunged 10% after the chipmaker issued disappointing guidance as skyrocketing demand for artificial intelligence data centers eats away at memory chip supply for consumer electronics. On an earnings call with analysts, Qualcomm CEO…
Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber has confirmed. The record-setting deal will be the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by…
It’s a tale of two different megacaps so far this earnings season when it comes to artificial intelligence. Meta Platforms surged more than 8% after showing signs that investments in AI is boosting the bottom line, while Microsoft shares dropped as the company struggled to justify recent spending plans to investors and showed a slowdown…
