Wall Street struggled to find its footing last week as renewed concerns about financing the artificial intelligence boom overshadowed strong earnings. An early rebound in AI-related names ran into a brick wall Thursday after Meta Platforms reported negative free cash flow for the first time since its 2012 initial public offering. The sell-off spread to…
Jensen Huang, CEO of NVIDIA, presents new NVIDIA Vera Rubin DSX Pod Full-Stack Modular AI Factory as he gives a keynote address at the Berlin GPU Technology Conference (GTC) on October 21, 2026 in Berlin, Germany. Sean Gallup | Getty Images Nvidia’s emergence as financier for the global AI buildout is facing its first major…
Maskot | Digitalvision | Getty Images For Kaylee Harris, who works in customer service for a credit card company, a day at work now looks very different. Her hours used to be filled with calls, note-taking and lengthy card disclosures. Now, thanks to artificial intelligence, she can focus more on each customer, Harris told CNBC….
Mike Intrator, Chief Executive Officer and founder of CoreWeave, poses for a photo during the company’s Initial Public Offering(IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty Images Neoclouds tanked. Credit default swaps soared. Meta turned cash flow negative. And SK Hynix’s Solidigm unit cancelled plans…
The iPhone Duo has an eye-popping price tag, but initial interest in Apple‘s first foldable phone in China appears solid. On the day of the global launch on Friday, scalpers like Alex Wang stood outside the flagship store in Beijing‘s popular shopping area, Sanlitun, offering to pay customers an extra 3,000 Chinese yuan ($448) to…
Visual China Group | Getty Images Elon Musk told Tesla shareholders on Wednesday that, when it comes to a potential merger with SpaceX, he’d already “said everything that should be said.” Tesla’s head of investor relations told analysts before opening the call to their questions that execs “will not be addressing” the matter. A day…
After SpaceX restricted use of its Starlink and Starshield satellite internet services in Ukraine, causing fast-moving drones to disconnect and drop out of the sky, Kyiv is looking for alternatives. Ukraine’s Ministry of Defense said on Thursday that it has signed a letter of intent to develop new defense and satellite communication capabilities in partnership…
SpaceX‘s Starlink internet system continues to be throttled in Ukraine as the stakes rise for the war-torn country, Ukrainian officials and a national security expert said Friday. “Every day matters for Ukraine, because every Ukrainian life matters,” wrote Denys Sienik, Ukraine’s deputy ambassador to the U.S., in a Friday post on X. “Our people are…
Would you trust an AI agent with your bank account information and let it move your money without asking you first? Gerard Cassidy, a top banking analyst with nearly four decades in the business, frequently poses that question to clients, investors, and consumers. He told CNBC that nearly everyone gives the same answer. No. “It’s…
TikTok’s U.S. entity is looking to secure multiple gigawatts of computing capacity, sources told CNBC, amid a global scramble for digital infrastructure deals. The company, officially TikTok USDS Joint Venture, operates the social media platform in the U.S. and has sounded out opportunities to obtain capacity over the coming years, two people familiar with the discussions,…