Corning CEO Wendell Weeks at Corning’s cable factory in Hickory, North Carolina, on Jan. 9, 2026. Magdalena Petrova | CNBC Amazon is paying Corning billions of dollars for optical fiber to power and connect its rapidly expanding U.S. data centers, the latest megadeal featuring two companies at the center of the artificial intelligence boom. The…
Jonathan Raa | Nurphoto | Getty Images Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq, will join the broad-market index on June 22 and will sit alongside the…
A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021. JUNG YEON-JE | AFP via Getty Images Foreign investors have dumped billions of dollars’ worth of South Korean stocks this year, even as the Kospi has emerged as one of the world’s standout performers thus…
Sinology | Moment | Getty Images Asian tech stocks extended their sell-off Monday, as investors sour on global AI-linked plays with the U.S. tech-heavy Nasdaq declining more than 4.5% last week. Memory chip behemoths and heavyweights on South Korea’s Kospi Index Samsung Electronics and SK Hynix fell 5% and 2%, respectively. The Kospi plunged as…
An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings. However, the sell-off on Friday was next-level after a…
This photograph shows a set up smart-phone screen displaying the logo of main social media platforms including Instagram, Facebook, LinkedIn, Reddit, Telegram, X, Bluesky, Tiktok and Whatsapp. Martin Lelievre | Afp | Getty Images Government action to ban social media platforms risks strengthening Big Tech’s grip on the industry further, limiting access for smaller players,…
We’re buying 100 shares of Intel at roughly $103 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 500 shares of INTC, increasing its weighting in the portfolio to 1.3% from 1.06%. We’re nibbling on some more Intel, whose stock was under pressure in a sharp semiconductor selloff. Intel dropped 8% as the tech-heavy…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks fell on Friday as investors digested the May jobs report and volatility in the tech sector. The tech-heavy Nasdaq retreated 1.7% while the S & P 500 dropped…
Apple heads into next week’s Worldwide Developers Conference with its stock near record highs, iPhone momentum improving and one unresolved question hanging over Tim Cook’s final developer conference as CEO: Can Apple finally deliver the artificial intelligence experience it promised two years ago? The expected centerpiece of WWDC is a major overhaul of Siri, Apple’s…
Earnings season may be coming to an end — but on Monday, for one of our “own it, don’t trade it” names, comes a much higher-stakes event as shares hover around all-time highs. That is when Apple kicks off its annual Worldwide Developers Conference, or WWDC for short. When it comes to Apple and what…