Technology giants Nvidia and Cisco have committed millions to President Donald Trump‘s White House ballroom renovation project, CNBC confirmed on Thursday. Nvidia and Apple each pledged $25 million to the project, according to a report from The Washington Post. Those were among the largest donations on the list, which totaled more than $330 million. “As…
Anduril CEO Brian Schimpf addressed ethics questions over co-founder Palmer Luckey‘s close ties to the Trump administration as the defense tech giant competes for lucrative government contracts. “We’ve done incredibly well under [President Joe] Biden,” he told CNBC’s “Squawk on the Street” on Thursday. “That was one of the biggest ramps that we’ve had as…
Tesla is planning to show off its long-delayed next-generation Roadster on Thursday, almost a decade after Elon Musk’s company started taking deposits for the electric sports car. The event will be livestreamed from a SpaceX test site in McGregor, Texas, near Waco. It’s expected to begin at 7:55 local time (8:55 ET). Tesla’s original Roadster,…
John Ternus, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 18, 2026. Michael Nagle | Bloomberg | Getty Images Tim Cook and Mark Zuckerberg have clashed for years, but with John Ternus…
As Taiwan Semiconductor Manufacturing Co.’s record quarter makes clear, demand from chipmakers shows no sign of slowing down. In fact, TSMC can’t manufacture quickly enough. The artificial intelligence boom has created unending need for space on factory lines at the world’s leading chip manufacturer, and it could put a chokehold on the entire industry’s ability…
Wall Street has become increasingly divided since our last CNBC Investing Club Monthly Meeting . The selling in recent days, however, has intensified on worries about the AI trade, making the likes of Micron among our biggest losers week-to-date and defensives such as Cardinal Health among our biggest weekly winners. As of Wednesday’s close, the…
Branding for Claude Code on removable posters at Anthropic PBC’s Code with Claude developer conference in London, on Tuesday, May 19, 2026. Bloomberg | Bloomberg | Getty Images After spending billions building artificial intelligence, Big Tech is now spending heavily to build the human workforce needed to prove the investments are paying off. Companies are…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. CNBC’s “Halftime Report” and “Closing Bell” will both air live from San Francisco for special “AI in America” shows today. Watch live on CNBC or CNBC+. Nasdaq futures are lower this morning. The market is coming off a rough day,…
Korea KOSPI Index displayed on a smartphone with SK hynix and Samsung logo displayed. Cfoto | Future Publishing | Getty Images Memory chip stocks have taken a particularly bad beating this week amid broader equity market turmoil. Two concerns are adding to the pressure — the debate over whether Chinese competition is threatening memory incumbents…
Nvidia CEO Jensen Huang said the chipmaker “absolutely must” work with Chinese AI companies on monitoring risks around the “potentially dangerous” technology. “We absolutely should work with each other so that we advance the technology safely,” he told CNBC during a media briefing on Wednesday evening in London. Discussions around AI safety have intensified in…