Meta Platforms unveiled a flurry of AI initiatives this month — from lower-cost smart glasses and an enterprise tool for businesses to plans to build a prediction-markets app and a key partnership with Qualcomm to bolster its computing power. But none of it has seemed to connect with investors. The social media giant’s stock remains…
President Donald Trump on Friday threatened to impose a “100% TARIFF” on the goods of any country that imposes a digital services tax on U.S. companies. “This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” Trump wrote in a Truth Social post. He added that those tariffs “will be…
OpenAI hasn’t yet held pre-IPO meetings to discuss potential pricing and demand, or outlined an official timeline for the listing, according to people familiar with the company’s plans. Those meetings to test the waters with investors will likely start once the artificial intelligence company has a better sense of timing, said the people, who asked…
ON Semiconductor CEO Hassane El-Khoury defended the company’s core business as shares tanked 20% after announcing its largest acquisition to capitalize on physical artificial intelligence. The maker of power and sensing components for the automotive industry on Thursday announced plans to buy edge AI and wireless connectivity solutions company Synaptics in an all-stock deal. The…
Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades. The co-founder of investment firm GMO and a longtime market commentator known for his calls on asset bubbles, said bitcoin is a “useless, speculative” asset without intrinsic value, speaking on CNBC’s “Squawk Box” Friday. He also said bitcoin…
India’s Prime Minister Narendra Modi (L) takes a group photo with AI company leaders including OpenAI CEO Sam Altman (C) and Anthropic CEO Dario Amodei (R) at the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Flo Crivello’s expenses were out of whack, and there was…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. If you were following the meme stock-ification of Wendy’s, the fast-food chain’s surge didn’t extend to a second day. Stock futures are lower this morning. The S&P 500 ended yesterday near flat. Here are five key things investors need to…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Rollercoaster. That’s probably the most accurate word to describe SpaceX’s opening two weeks as a public company. The stock surged for several successive days following a record-breaking IPO, briefly overtaking both Amazon and Microsoft in terms of market…
Samuel Boivin | Nurphoto | Getty Images Micron Technology’s shares tumbled on Friday, paring gains from earlier in the week after reporting blowout earnings. The memory chipmaker declined nearly 5% in premarket trading as other U.S. semiconductor firms also struggled. Intel was last down just over 3%, Sandisk fell 5%, Arm shed 4%, and Marvell declined 3.7%. Investors remain wary of the…
Recently announced plans for South Korean chipmaker SK Hynix to list shares on the Nasdaq could lift the value of the stock by 20%, according to HSBC analysts. Regulatory filings revealed this week show SK Hynix is hoping to raise around $29 billion on the tech-heavy exchange by issuing American depositary receipts (ADRs). HSBC analysts…