CrowdStrike on Wednesday evening reported better-than-expected quarterly results and better-than-expected forward guidance, only to see its near-record-high stock sell off. The hot money that got in, looking for a Hewlett Packard Enterprise or Dell type post-earnings surge , no doubt booked profits, sending shares down more than 11% to around $664 each. Let them sell….
A group of Amazon engineers appeared at Seattle City Council hearings on Wednesday to throw their support behind efforts to regulate the development of giant AI data centers in the area, which are getting constructed while their employer is engaged in mass layoffs. “It’s been reported that this year, Amazon is spending $200 billion dollars…
Elon Musk is photographed at SpaceX in Brownsville, Texas. Marvin Joseph | The Washington Post | Getty Images The world’s richest person is on the doorstep of trillionaire status. SpaceX CEO Elon Musk owns a stake in his reusable rocket maker that’s worth $866.5 billion on paper, according to the company’s updated IPO prospectus published…
CrowdStrike narrowly beat Wall Street’s fiscal first-quarter estimates after the bell on Wednesday, but shares slid 10% following the report. Here’s how the company did versus LSEG estimates: Earnings per share: $1.10 adjusted vs. $1.07 expected Revenue: $1.39 billion vs. $1.36 billion estimate The cybersecurity company said revenue grew 26% from a year ago. Net…
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on Sept. 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom reported weaker-than-expected revenue in its fiscal second-quarter earnings report. The stock slid in extended trading and fell further after CEO Hock Tan did not raise the company’s full-year target of…
Nvidia’s massive dividend boost could lay the groundwork for other big tech companies to follow suit. The chipmaker has seen “parabolic” demand for its artificial intelligence chips in data centers and recently said it will expand into chips for personal computers — which will ” reinvent the PC ,” according to CEO Jensen Huang. That…
Bitcoin’s highest conviction holders have joined the sell-off in the cryptocurrency, which could signal the beginning of the end of the ongoing crypto slump, according to Compass Point. Long-term holders – defined as those that have held onto their coins for at least 155 days, or about five months – were largely inactive from February…
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 Wednesday’s key moments. 1. Stocks fell on Wednesday as crude oil climbed back above $95 a barrel following renewed airstrikes between the U.S. and Iran. “Every time oil spikes, interest rates go up,…
Sam Altman speaks during CNBC’s ‘Power Lunch’ on June 1, 2026. CNBC OpenAI CEO Sam Altman is meeting with lawmakers in Washington, D.C., on Wednesday, including officials involved with the executive order on artificial intelligence that President Donald Trump signed this week. Altman will meet with members of the Trump administration at the White House,…
Uber CEO Dara Khosrowshahi answers audience questions during a recording of the “On With Kara Swisher” podcast at the Johns Hopkins University Bloomberg Center on December 15, 2025 in Washington, DC. Chip Somodevilla | Getty Images Uber is slashing 23% of jobs in its people division as it seeks to streamline operations under the direction…