Apple CEO Tim Cook gestures as he departs after a business leaders reception with the US President on the sidelines of the World Economic Forum (WEF) annual meeting in Davos on January 21, 2026. Fabrice Coffrini | Afp | Getty Images Apple is set to report fiscal first-quarter earnings on Thursday after the bell. Here’s…
A.I. companies are buying up memory chips, causing the prices of those components — which are also used in laptops and smartphones — to soar. Source link
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg…
It’s a tale of two different megacaps so far this earnings season when it comes to artificial intelligence. Meta Platforms surged 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 in its cloud…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. It seemed like Federal Reserve Chair Jerome Powell’s go-to answer yesterday was “I have nothing for you on that,” which he told reporters at least five times during his press conference. Stock futures are little changed this morning. The three…
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Tesla said on Wednesday that it’s agreed to invest about $2 billion into Elon Musk’s xAI, which he launched almost three years ago as a prospective competitor to OpenAI. The share purchase was related to xAI’s $20 billion financing round announced earlier…
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported better-than-expected fourth-quarter results on Wednesday and issued a forecast that slightly topped estimates. Here how the company did compared to LSEG consensus estimates: Earnings per share: $4.52…
A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund posted a record $1.4 billion return in 2025, its management team said Thursday, thanks to rallying tech, financial and mining stocks. By…
A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor has retained its position as the world’s top-selling automaker in 2025, posting record sales of 10.5 million units, the Japanese auto giant reported on Thursday. Sales of Toyota and its luxury Lexus marque rose 3.7% from…
German software giant SAP plunged as much as 11% Thursday after reporting weaker-than-expected growth in its cloud contract backlog in the fourth quarter. It’s the biggest daily fall since October 2020, when its stock dropped 22% following disappointing third-quarter results. The stock is also on track to close at its lowest price since mid-2024. Shares…