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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 »

Tech’s 0 billion splurge: This quarter’s winners and losers of the AI spending boom

Tech’s $380 billion splurge: This quarter’s winners and losers of the AI spending boom

Technology News

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Tech’s internet giants have made it through earnings season, and they offered a consistent message to Wall Street: Artificial intelligence investments are only

Tech’s $380 billion splurge: This quarter’s winners and losers of the AI spending boom 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

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Chocolate’s reign over Halloween is under threat from inflation, tariffs and high cocoa prices

Chocolate’s reign over Halloween is under threat from inflation, tariffs and high cocoa prices

Business News

A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas.  Brandon Bell | Getty Images The scariest thing haunting Halloween this year isn’t a ghost, goblin or ghoul — it’s the price of chocolate. From Snickers to Reese’s to Twix, one of America’s favorite indulgences is getting more

Chocolate’s reign over Halloween is under threat from inflation, tariffs and high cocoa prices 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 »

A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch

A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch

Business News

A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio.  Michael Wayland / CNBC Global automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S.

A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch Read More »

Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid

Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid

Business News

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, straight to your inbox. Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani in the New York City mayoral race have raised over $40 million, with millions

Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid Read More »

Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast

Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast

Business News

A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC. Kevin Carter | Getty Images Shares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter. Including Thursday’s move,

Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast Read More »

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