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Big bank earnings, Broadcom’s OpenAI chip deal, record-high car prices and more in Morning Squawk

Big bank earnings, Broadcom’s OpenAI chip deal, record-high car prices and more in Morning Squawk

A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Broadcom’s boon OpenAI made its

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Oracle Cloud to deploy 50,000 AMD AI chips, signaling new Nvidia competition

Oracle Cloud to deploy 50,000 AMD AI chips, signaling new Nvidia competition

Oracle Cloud Infrastructure on Tuesday announced that it will deploy 50,000 Advanced Micro Devices graphics processors starting in the second half of 2026. AMD shares climbed about 3% premarket. Oracle shares ticked slightly lower. The move is the latest sign that cloud companies are increasingly offering AMD’s GPUs as an alternative to Nvidia’s market-leading GPUs

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Rockefeller Capital secures backing from Chanel dynasty’s family office and others

Rockefeller Capital secures backing from Chanel dynasty’s family office and others

Greg Fleming, Rockefeller Capital Management president and CEO, speaks during CNBC’s ‘Squawk Box’ on July 10, 2025. CNBC Rockefeller Capital Management, the wealth manager born from John D. Rockefeller’s family office, has raised new funds from investment firms of other ultra-rich families, CNBC has learned. On Tuesday, Rockefeller plans to announce the recapitalization and its

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Salesforce’s Agentforce software is coming to OpenAI’s ChatGPT later this year

Salesforce’s Agentforce software is coming to OpenAI’s ChatGPT later this year

Salesforce CEO Marc Benioff participates in an interview during the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce is ramping up partnerships with leaders in generative artificial intelligence as investors continue to fear that the software company faces business risks due to the rapid growth

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Goldman Sachs tops estimates on better-than-expected investment banking, bond trading

Goldman Sachs tops estimates on better-than-expected investment banking, bond trading

David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box on April 22nd, 2025. CNBC Goldman Sachs reported third-quarter earnings before the opening bell Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings per share: $12.25, vs. expected $11 a share Revenue: $15.18 billion, vs. expected

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Oura reaches  billion valuation with new 0 million fundraise

Oura reaches $11 billion valuation with new $900 million fundraise

The Oura Ring 4 Courtesy: Oura Oura said Tuesday that it raised over $900 million in a new Series E funding round, bringing the company’s valuation to $11 billion. The fundraise, led by Fidelity Management & Research Company, also includes new investor ICONIQ and contributions from Whale Rock and Atreides. “With this investment, we will

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GM to take .6 billion charge related to EV pullback

GM to take $1.6 billion charge related to EV pullback

A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025.  Carlos Osorio | Reuters DETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out

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OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals

OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals

Sam Altman didn’t set out to compete with Nvidia. OpenAI began with a simple bet that better ideas, not better infrastructure, would unlock artificial general intelligence. But that view shifted years ago, as Altman realized that more compute, or processing power, meant more capability — and ultimately, more dominance. On Monday morning, he unveiled his

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