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Amazon’s stock soars 12% on third-quarter beat and increased spending guidance

Amazon’s stock soars 12% on third-quarter beat and increased spending guidance

Finance News

Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025.  Brendan Mcdermid | Reuters Amazon shares soared 12% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services. Cloud was a […]

Amazon’s stock soars 12% on third-quarter beat and increased spending guidance Read More »

Nvidia’s Huang downplays concerns over selling AI chips to Beijing: It has ‘plenty’ of its own

Nvidia’s Huang downplays concerns over selling AI chips to Beijing: It has ‘plenty’ of its own

Finance News

Nvidia CEO Jensen Huang listens to a reporter’s question during a press conference at the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Ezra Acayan | Getty Images News | Getty Images Nvidia CEO Jensen Huang doesn’t buy the national security concerns over his firm selling its most advanced semiconductors to China,

Nvidia’s Huang downplays concerns over selling AI chips to Beijing: It has ‘plenty’ of its own Read More »

Amazon’s earnings rally, Netflix’s stock split, chocolate inflation and more in Morning Squawk

Amazon’s earnings rally, Netflix’s stock split, chocolate inflation and more in Morning Squawk

Finance News

A customer holds up the new orange-colored iPhone 17 Pro Max smartphone inside an Apple retail store in Chongqing, China, on September 19, 2025. Cheng Xin | Getty Images News | 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

Amazon’s earnings rally, Netflix’s stock split, chocolate inflation and more in Morning Squawk Read More »

Samsung building facility with 50,000 Nvidia GPUs to automate chip manufacturing

Samsung building facility with 50,000 Nvidia GPUs to automate chip manufacturing

Finance News

Jensen Huang, chief executive officer of Nvidia Corp., during the keynote address at the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty Images Korean semiconductor giant Samsung said Thursday that it plans to buy and deploy a cluster of 50,000 Nvidia graphics processing

Samsung building facility with 50,000 Nvidia GPUs to automate chip manufacturing Read More »

Google to offer Gemini AI for free to over 500 million Jio users as global firms double down on India

Google to offer Gemini AI for free to over 500 million Jio users as global firms double down on India

Finance News

The Google AI Studio application is displayed on a mobile phone with Google in the background, in this photo illustration in Brussels, Belgium, on October 26, 2025. Nurphoto | Nurphoto | Getty Images Google will offer its Gemini AI service for free to over 500 million Reliance Jio users in India, as global artificial intelligence

Google to offer Gemini AI for free to over 500 million Jio users as global firms double down on India Read More »

Apple silences its critics with strong iPhone demand and blowout services revenue

Apple silences its critics with strong iPhone demand and blowout services revenue

Finance News

Talk about a monster quarter. Apple delivered a great September quarter Thursday evening, even as iPhone supply was constrained by strong demand. The stock really got going after the company’s strong forecast for the holiday quarter. Revenue in Apple’s fiscal 2025 fourth quarter, which ended Sept. 27, rose 8% year over year to $102.47 billion,

Apple silences its critics with strong iPhone demand and blowout services revenue Read More »

SpaceX and Blue Origin both submitted plans to get astronauts back to the moon faster, NASA says

SpaceX and Blue Origin both submitted plans to get astronauts back to the moon faster, NASA says

Finance News

SpaceX’s Starship rocket 38 launches during the 11th test flight on October 13, 2025 as seen from South Padre Island in Texas. Gabriel V. Cardenas | Afp | Getty Images SpaceX said it has pitched NASA a “simplified mission” to put astronauts back on the moon following criticisms over delays by Sean Duffy, the space

SpaceX and Blue Origin both submitted plans to get astronauts back to the moon faster, NASA says Read More »

Apple isn’t playing the same AI capex game as the rest of the megacaps

Apple isn’t playing the same AI capex game as the rest of the megacaps

Finance News

While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach. Instead of simply buying as many AI chips as possible, Apple buys computing capacity from outside partners, finance chief Kevan Parekh explained Thursday on the company’s fourth quarter earnings call.

Apple isn’t playing the same AI capex game as the rest of the megacaps Read More »

Coinbase earnings top estimates, helped by robust trading volume

Coinbase earnings top estimates, helped by robust trading volume

Finance News

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Coinbase shares ticked up nearly 3% Thursday as the digital assets company posted better-than-expected financial results, largely fueled by a resurgence in retail and institutional crypto trading on its platform, even as tokens are now just one of several assets at the center of its “everything

Coinbase earnings top estimates, helped by robust trading volume Read More »

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