Intuit CEO Sasan Goodarzi speaks at the ribbon-cutting ceremony during opening night at Intuit Dome in Los Angeles, Aug. 15, 2024. Amy Sussman | Wireimage | Getty Images Tax and finance software maker Intuit said Wednesday that it is cutting 17% of its full-time workforce, the latest tech company to announce a mass downsizing during…
The AI boom is dominated by companies from the U.S. and China, but a handful of European tech stocks have soared this year as investors pile money into the companies building the infrastructure needed to power the tech. Chipmaking equipment company Aixtron has risen 189% year-to-date. Technoprobe, which also makes equipment used in the chipmaking…
CNBC’s Jim Cramer said that semiconductor stocks have become the market’s new center of gravity because they are the drivers of the artificial intelligence boom. “It’s a new era,” the “Mad Money” host said. “Semis are now in charge. Software is taking a back seat.” The comments came after Nvidia reported quarterly earnings Wednesday evening…
Members of the Samsung Electronics labour union hold flags as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company’s foundry and semiconductor factory in Pyeongtaek on April 23, 2026. (Photo by Jung Yeon-je / AFP via Getty Images) Jung Yeon-je | Afp | Getty Images Shares of…
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank Group skyrocketed Thursday as blockbuster earnings from Nvidia overnight signaled strong momentum in the artificial intelligence…
Nvidia founder and CEO Jensen Huang waves after a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Nvidia CEO Jensen Huang said the company has “largely conceded” China’s artificial intelligence chip market to Huawei, as U.S….
Dario Amodei speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 21st, 2026. Oscar Molina | CNBC Anthropic is on track to generate $10.9 billion in revenue during the second quarter, CNBC confirmed on Wednesday, a figure that would top the artificial intelligence company’s sales for all of last…
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters When SpaceX finally debuts on the Nasdaq, under the ticker symbol SPCX, it will almost certainly set a record for the largest offering ever. By a long shot. Elon Musk’s reusable rocket maker filed its long-awaited IPO…
SpaceX expects to start putting data centers in orbit as early as 2028 SpaceX made its case for why orbital data centers are a worthwhile investment, and said they’re coming in a matter of years. “We believe orbital AI compute is an incredibly difficult technical challenge that only we can solve at scale in the…
Mayor Zohran Mamdani, left, and Amazon founder Jeff Bezos. Getty Images (L) | CNBC (R) New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers. “You could double the taxes I pay, and it’s…