A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025. Justin Sullivan | Getty Images Micron said on Wednesday that it plans to stop selling memory to consumers to focus on meeting demand for high-powered artificial intelligence chips. “The AI-driven growth in the data center has led […]
Micron stops selling memory to consumers as demand spikes from AI chips Read More »
Filip Kaliszan, CEO of Verkada. Courtesy: Verkada Security technology startup Verkada has reached a $5.8 billion valuation after a new funding round led by CapitalG, Alphabet’s venture capital arm, announced Wednesday. “I think Google saw the opportunity with us in the application of AI and everything we’re driving to apply AI to the physical security
Microsoft Chairman and Chief Executive Officer Satya Nadella (L) returns to the stage after a pre-recorded interview during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images Microsoft stock sank more than 2% on Wednesday following a report that the company has lowered quotas
Microsoft stock sinks on report AI product sales are missing growth goals Read More »
Key Points Dual sourcing and a localized supply helped Nissan get around the U.S. tariffs on foreign auto imports, Nissan CFO Jeremie Papin, told CNBC. It is working with partners to explore ways to offset the effects tariffs further amid extra capacity at its U.S. plants, Jeremie Papin said. Export controls on critical chips also remains a
How Nissan is reworking its U.S. supply chain to blunt the impact of tariffs Read More »
Exterior view of Macy’s herald square store in New York City, on November 28, 2025. Kena Betancur | Afp | 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. Shopping around Macy’s beat Wall
French satellite group Eutelsat, often seen as Europe’s answer to Elon Musk’s Starlink, saw its share price plummet Wednesday following a report that Japanse investor SoftBank cut its stake in the company. Shares in Eutelsat were last trading 7.2% lower as of 4.41 a.m. ET. The moves come following a Reuters report that SoftBank has
Nurphoto | Nurphoto | Getty Images The term Digital Asset Treasury companies, known as DATs or DATCOs, has emerged as one of the biggest buzzwords in the digital currency industry this year, providing investors with a novel way to play crypto — but with new risks. A DAT is effectively a publicly-listed entity that holds
Digital Asset Treasuries are crypto’s latest hype — and maybe its next bubble Read More »
Anthropic, the AI startup behind the popular Claude chatbot, is in early talks to launch one of the largest initial public offerings as early as next year, the Financial Times reported Wednesday. For the potential IPO, Anthropic has engaged law firm Wilson Sonsini Goodrich & Rosati, which has previously worked on high-profile tech IPOs such
Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT Read More »
CrowdStrike on Tuesday evening reported better-than-expected fiscal 2026 third-quarter results and forward guidance. The numbers, however, were not enough to power shares higher, given their roughly 24% advance since the cybersecurity company’s fiscal second-quarter print back in late August. That said, the latest beat and raise should help solidify recent stock gains and set the
We’re raising our CrowdStrike price target following a beat and raise quarter Read More »
Amazon has found a way to let cloud clients extensively customize generative AI models. The catch is that the system costs $100,000 per year. The Nova Forge offering from Amazon Web Services gives organizations access to Amazon’s AI models in various stages of training so they can incorporate their own data earlier in the process.
