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Amazon earnings: Cloud dominance in focus after massive outage as rivals gain ground

Amazon earnings: Cloud dominance in focus after massive outage as rivals gain ground

Finance News

Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon is slated to post results for the third quarter after the closing bell Thursday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $1.57 Revenue: $177.8 billion […]

Amazon earnings: Cloud dominance in focus after massive outage as rivals gain ground Read More »

Jim Cramer says buy the Meta plunge — but timing is key

Jim Cramer says buy the Meta plunge — but timing is key

Finance News

Jim Cramer has decided to upgrade Meta Platforms — choosing to view Thursday’s post-earnings stock plunge as a buying opportunity. Meta shares were dropping 12% after the social media giant on Wednesday evening warned of spending increases this year and next to stay ahead in the artificial intelligence race. The Club is bumping Meta stock

Jim Cramer says buy the Meta plunge — but timing is key Read More »

Meta stock drops 12% as heightened AI spending overshadows strong third-quarter results

Meta stock drops 12% as heightened AI spending overshadows strong third-quarter results

Finance News

Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024.  Nathan Howard | Reuters Meta Platforms‘ stock dropped more than 12% Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results. The social media

Meta stock drops 12% as heightened AI spending overshadows strong third-quarter results Read More »

Navan IPO lands rare one-person venture capital firm its biggest win ever, a billion payday

Navan IPO lands rare one-person venture capital firm its biggest win ever, a $1 billion payday

Finance News

It wasn’t a traditional pitch meeting. There were no slides, no product demo. There wasn’t even a clear explanation of what the founders were trying to build. But for investor Oren Zeev’s decision-making process, none of that was necessary.  “I just liked them, I just wanted to be close to them,” said Zeev. “So I

Navan IPO lands rare one-person venture capital firm its biggest win ever, a $1 billion payday Read More »

CNBC Daily Open: Capex is the number to look at amid Big Tech earnings

CNBC Daily Open: Capex is the number to look at amid Big Tech earnings

Finance News

Signage at Google headquarters in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty Images The news is coming in fast and thick. Strap in. First, interest rates. The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair Jerome Powell cautioned that another

CNBC Daily Open: Capex is the number to look at amid Big Tech earnings Read More »

Wall Street hates Meta’s AI spending guidance raise. We don’t

Wall Street hates Meta’s AI spending guidance raise. We don’t

Finance News

Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share

Wall Street hates Meta’s AI spending guidance raise. We don’t Read More »

Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace

Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace

Finance News

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter on a rebound in its chip business.  Here are Samsung’s third-quarter results compared with LSEG SmartEstimate, which

Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace Read More »

ServiceNow CEO denies AI companies are threatening enterprise software: ‘They don’t do what we do’

ServiceNow CEO denies AI companies are threatening enterprise software: ‘They don’t do what we do’

Finance News

ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software redundant in a Wednesday interview with CNBC’s Jim Cramer. “We realize the world needs access to the great hyperscalers, and so we integrated with all three of them. So that’s a cooperative,” McDermott said. “The world’s going to

ServiceNow CEO denies AI companies are threatening enterprise software: ‘They don’t do what we do’ Read More »

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