Alphabet CEO Sundar Pichai during the Bloomberg Tech conference in San Francisco, June 4, 2025. David Paul Morris | Bloomberg | Getty Images A month ago, Alphabet briefly surpassed Nvidia by market cap. The stock has since been on a downward slide, and just wrapped its fourth straight weekly drop, the longest losing streak in…
CNBC’s Jim Cramer on Friday warned that a combination of rising interest rates, elevated oil prices, and a wave of new stock offerings could continue to pressure the market in the week ahead. “You’re looking at a market that’s hostage to interest rates and high oil, coupled with a monster amount of new stock coming…
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added…
(L-R) Google CEO Sundar Pichai speaks with Tesla and SpaceX CEO Elon Musk as they arrive for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Days before a planned IPO…
Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Anthropic‘s Mythos model offered a much-needed lifeline to cybersecurity firms in the age of artificial intelligence….
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., on Thursday, March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Meta shares dropped more than 5% on Friday after the Financial Times reported that the company could…
OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible government stake in the artificial intelligence company, CNBC confirmed on Friday. The discussions have been in progress for more than a year, as Altman first shared the idea with the Trump administration in 2025, according to a source familiar with…
A new spending discipline is taking hold inside corporate America, as CFOs and boards start cracking down on inefficient artificial intelligence spending. The change has the potential to reshape the AI trade. For the past two years, the playbook has been to default to the most powerful AI model and direct all queries through it,…
Reid Hoffman, co-founder of LinkedIn, during a Bloomberg Television interview in London, UK, on Monday, March 24, 2025. Jason Alden | Bloomberg | Getty Images Microsoft said Friday that LinkedIn co-founder Reid Hoffman, is leaving the software company’s board of directors after almost a decade. Hoffman, 58, informed the board of his decision not to…
Amazon’s original Proteus robot has been rolled out in 25 fulfilment centers in the U.S. Sawdah Bhaimiya Amazon has unveiled its latest warehouse robot that can take commands in conversational language, underscoring how AI-powered automation is advancing as companies continue to slash their corporate workforce in AI-driven efficiencies. The tech giant’s next-generation Proteus is an…