Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading …
Alphabet Inc
Nvidia, Super Micro lead AI trade carnage with stocks down over 12%
Sopa Images | Lightrocket | Getty Images Artificial intelligence stocks powering much of 2024’s market gains dropped Monday as U.S. recession fears sparked a global sell-off on Wall Street. The …
Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech’s mega-cap companies largely in the rearview …
Ex-Google engineers from Character.AI rejoin company with AI partnership
Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De …
Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics that touted its AI chatbot Gemini writing a fan letter to an athlete. Google has pulled an Olympics ad for its …
Microsoft touts cloud momentum from Y Combinator startups
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023. EzDubs, a developer of language-translation technology, got started the …
Why not all chip firms are benefitting from the AI boom like Nvidia
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via …
AWS Q2 earnings report
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon said Thursday that revenue in its cloud division increased 19% in the second …
Apple spending more on AI, but remains behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday …
Amazon (AMZN) Q2 earnings report 2024
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon is set to report second-quarter earnings after the bell …