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Airbnb shares rise on revenue beat, stronger-than-expected forecast

Airbnb shares rise on revenue beat, stronger-than-expected forecast

Technology News

Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share: $2.21 vs. $2.34 cents expected Revenue: $4.10 billion vs. $4.08 billion expected […]

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Apple’s AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers

Apple’s AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers

Technology News

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks tumbled Thursday as concerns about eye-watering valuations in AI-linked names persisted. The S & P 500 shed nearly 1% in afternoon trading. But the

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OpenAI CFO Sarah Friar says company isn’t seeking government backstop, clarifying prior comment

OpenAI CFO Sarah Friar says company isn’t seeking government backstop, clarifying prior comment

Technology News

Sarah Friar, CFO of OpenAI, appears on CNBC’s Squawk Box on August 20, 2025. CNBC OpenAI CFO Sarah Friar said late Wednesday that the artificial intelligence startup is not seeking a government backstop for its infrastructure commitments, clarifying previous comments she made on stage during the Wall Street Journal’s Tech Live event. At the event,

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Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’

Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’

Technology News

Mustafa Suleyman, CEO of Microsoft AI and then CEO and co-founder of Inflection AI, speaks during the Axios BFD event in New York on Oct. 12, 2023. Brendan Mcdermid | Reuters Microsoft on Thursday said it’s forming a team that will be tasked with performing advanced artificial intelligence research. Mustafa Suleyman, CEO of the Microsoft

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Qualcomm reports earnings, revenue beat and issues strong forecast

Qualcomm reports earnings, revenue beat and issues strong forecast

Technology News

Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $3.00 adjusted vs. $2.88 expected Revenue: $11.27 billion vs. $10.79 billion expected Revenue rose 10% from $10.24 billion a year earlier, Qualcomm

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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue

Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue

Technology News

Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the

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Matthew McConaughey, Ryan Reynolds-backed password manager tops 0 million in ARR on AI tail winds

Matthew McConaughey, Ryan Reynolds-backed password manager tops $400 million in ARR on AI tail winds

Technology News

Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughy Reuters Cybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday. “We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set up

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Family offices make fewer deals but still flock to AI startup mega-rounds

Family offices make fewer deals but still flock to AI startup mega-rounds

Technology News

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,

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Lucid misses Wall Street expectations, narrows production guidance

Lucid misses Wall Street expectations, narrows production guidance

Technology News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship

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