Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago. The chipmaker’s stock soared 114%…
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019. Michael Short | Bloomberg | Getty Images All three top cloud infrastructure providers surpassed analyst estimates in earnings reports late Wednesday, but Google was the standout, generating its fastest growth rate on record. Google is chasing Amazon…
Musk concludes testimony, next witness is called to the stand Musk concludes his testimony. Judge Gonzalez Rogers said he is not excused, but that he can leave for the day. Musk stepped down from the stand and walked out of the courtroom. Jared Birchall, who manages Musk’s family office, just took the stand. Musk’s lawyer,…
Alphabet‘s stock surged more than 7% on Thursday, while Meta shares plunged 9%, as investors digested Wednesday’s first-quarter earnings results, which included plans to up the ante on artificial intelligence spending. It is pacing to be Meta’s worst day since October and Alphabet’s best day since November. The diverging stock moves show that Wall Street…
CNBC’s Jim Cramer is disappointed with Microsoft ‘s latest quarter but did see some positives. Microsoft’s report overall Wednesday evening “was not joyous,” Cramer said on ” Squawk on the Street ” as shares were dropping 5%. They are down more than 16% year to date. In fact, Cramer ranked Microsoft performance near bottom among…
What you need to know OpenAI lawyer William Savitt grilled Elon Musk about his commitment to a nonprofit and discussions about a for-profit subsidiary. Musk said he had concerns about the nonprofit being “stolen” in 2018. Musk said Microsoft’s $10 billion investment in the nonprofit was a tipping point and he lost trust in Sam…
Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters Gemini Space Station won approval from the U.S. Commodity Futures Trading Commission to operate its own regulated derivatives clearinghouse, a move that gives the crypto exchange a deeper…
1. The tech TLDR The Meta corporate logo is featured at the Fira Gran Via booth, highlighting the company’s ”AI-First” hardware ecosystem during the Mobile World Congress. Joan Cros | Nurphoto | Getty Images Four of the Magnificent Seven tech companies released their highly-watched earnings reports last night, largely beating expectations across the board. Still,…
Wall Street is already looking beyond Big Tech quarterly results. Even though it’s a major earnings week for the group, YieldMax chief strategist Mike Khouw lists consumer staples and discretionary names high on his watch list – especially due to the Iran war fallout. “The biggest impact to [the] consumer checkbook is going to be…
Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 3, 2025. Noah Berger | AWS | Reuters Amazon Web Services recorded 28% revenue growth in the first quarter, beating analysts’ estimates, as the cloud infrastructure leader boosted its investment in Anthropic and prepared to work more closely…