Arm co-founder Hermann Hauser warned that while the AI revolution is real, the current investment environment carries bubble risk, telling CNBC's The Tech Download podcast that the technology will tra…
Airbnb CEO Brian Chesky said AI now writes 60% of the company's new code and has cut concept-to-launch time by as much as 60%, helping Airbnb post $3.6 billion in second-quarter revenue. Chesky told C…
Steve Eisman, the investor known for predicting the 2008 housing crash, warned on CNBC's 'Fast Money' that OpenAI and Anthropic together account for roughly 70% of AI-related revenue for major hypersc…
Anthropic CFO Krishna Rao is leading early IPO meetings with investors, focusing on the company's Claude AI models and management, without discussing valuation, sources told CNBC.…
OpenAI's revenue chief Denise Dresser is leaving the company, marking the second major executive departure in days and potentially complicating its pursuit of a blockbuster IPO, CNBC reported. Dresser…
Reddit Inc. reported Q2 revenue of $804.905 million, up 61% year-over-year, with daily active uniques reaching 130.3 million, advertising revenue up 64%, and net income of $252.848 million, yet its sh…
CNBC's Investing Club reported that three of its stocks surged in the AI trade, while three others stumbled ahead of the August Monthly Meeting. The top performers included Nvidia, Microsoft, and Adva…
Cerebras Systems (Nasdaq: CBRS) shares fell more than 17% in premarket trading after its second-quarter earnings report missed Wall Street expectations, with total revenue of $180.1 million versus the…
Yangtze Memory Technologies Co., Ltd. (YMTC) entered the global NAND flash market's top three by shipment share in Q2 2026, holding a reported 14% of shipments, according to Counterpoint Research data…
SK Hynix, the leading maker of high-bandwidth memory, is investing $720 billion in memory factories to meet AI demand, according to an exclusive CNBC report. The buildout is transforming South Korea's…
The S&P 500 closed at a record 7,757.64 after tame July CPI data, but Cisco Systems Inc. shares fell 4.6% to $118.18 in after-hours trading despite record fiscal Q4 revenue of $17.3 billion, as the co…
South Korea's benchmark Kospi index entered a technical bull market on Thursday, rallying about 20% from its recent low in about a month, as the artificial intelligence trade roared back, according to…
CNBC's Jim Cramer said the AI data center trade is regaining market leadership after weeks of forced selling weighed on the group, and he identified six stocks leading the comeback.…
Cerebras Systems Inc. shares fell in after-hours trading despite reporting second-quarter revenue of $210 million and a loss per share of -$2.98. The company forecast third-quarter revenue of $214–216…
Shopify Inc. (SHOP) shares surged after Jim Cramer praised the company's AI-driven business formation tools, highlighting the platform's use of artificial intelligence to streamline entrepreneurship. …
AI is hollowing out the middle of the career ladder rather than replacing jobs wholesale, according to data from Stanford SIEPR and Boston College's Center for Retirement Research. Stanford SIEPR repo…
The rapid buildout of AI data centers is creating inflationary pressures that complicate the Federal Reserve's fight against inflation, according to a CNBC report. Tech leaders claim AI will eventuall…
Riot Platforms has signed a 20-year lease for 191 megawatts of critical IT capacity at its Rockdale, Texas, campus, a contract the bitcoin miner expects to generate approximately $9.1 billion in reven…
Tencent reported an 11% revenue increase to 205 billion yuan in Q2 2026, beating expectations, driven by its Chinese gaming business and AI-driven marketing. Net profit of 56 billion yuan slightly mis…
Coreweave's stock surged 18% in premarket trading after the AI cloud company reported second-quarter revenue that doubled year over year, driven by surging demand from hyperscalers. The company descri…