This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. As we remember Dolly Parton’s legacy, I’ve particularly enjoyed learning more about her Imagination Library in Cincinnati. Nasdaq-100 futures are higher this morning. The market is coming off a muted day. Here are five key things investors need to know…
Adam Mosseri, head of Instagram at Meta Platforms Inc., arrives at the Ronald V. Dellums Federal Building & US Courthouse in Oakland, California, US, on Tuesday, Aug. 25, 2026. Jason Henry | Bloomberg | Getty Images Meta’s $16.7 billion settlement in a federal social media addiction case represents a dramatic concession for the social media…
Nvidia shares rose on Thursday after the chip giant’s revenue guidance reassured investors that AI demand will remain strong. Shares were last up 7.4% in premarket trading. Investor bullishness suggests Nvidia could buck the trend of its stock dropping the day after reporting earnings in all of the previous four quarters, despite meeting or beating…
Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal. Deal talks began after Hugging Face, an open-source AI platform developers use to collaborate, test and share tools, received acquisition interest from another suitor, according to The Information. Business Insider…
People walk through the Steve Jobs Theater prior to an event at the Apple Park campus in Cupertino, California, on September 12, 2023. Nic Coury | AFP | Getty Images Apple announced Wednesday that it is holding a launch event at its headquarters in Cupertino, California, on Sept. 9. Invites sent to the media include…
Salesforce and Anthropic on Wednesday expanded their strategic partnership and unveiled “Claudeforce,” a new way for salespeople to access critical data directly from inside Anthropic’s Claude chatbot. Claudeforce is launching as a plugin with 37 pre-built sales skills that will allow Claude users to compose emails, update records and take other relevant actions, according to…
Nvidia had already reported results that sailed past estimates by the time CFO Colette Kress came into the earnings call with a stunning forecast for next year. Kress told investors that revenue growth in fiscal 2028 will reach 70%, trouncing the 44% average analyst estimate, according to LSEG. Based on the consensus projection for revenue…
Nvidia CEO Jensen Huang on Wednesday defended the chipmaker’s growing role in financing the artificial intelligence boom, pushing back on criticism that the company’s financial support for other AI companies is meant to inflate its top-line growth. “I think they’re missing a very big point,” Huang said on CNBC’s “Mad Money,” shortly after the company…
Nvidia CEO Jensen Huang did it again. The AI chip powerhouse delivered better-than-expected quarterly revenue and earnings that more than doubled the year-ago period. Business is so strong that management felt comfortable enough to provide a financial outlook further into the future than ever before. Revenue in the company’s fiscal 2027 second quarter increased 106%…
Nvidia reported another blowout quarter on Wednesday, delivering a beat on topline metrics that was strong enough to send the stock up 4% in extended trading. Analysts on the earnings call couldn’t get over the 70% growth projection for 2028 revenue delivered by the California-based chipmaker, especially since CFO Colette Kress qualified it as a…