Articles from www.cnbc.com

Articles from www.cnbc.com

SoftBank reports Q1 net profit down 18% YoY to ~$2.2B, above ~$761M est., an ~$8.2B gain on its Intel stake, and Vision Fund up $1.7B due to its ByteDance stake (www.cnbc.com)
3 days ago Intel

Sources: some Google researchers have grown frustrated over AI compute access for ambitious projects while Google Cloud sells TPUs to customers like Anthropic (www.cnbc.com)
3 days ago Google AI

Nintendo reports Q1 revenue down 10% YoY to ~$3.3B, above $2.8B est., net income of ~$933M, above ~$495M est., and Switch 2 sales down 34.4% YoY to 3.82M (www.cnbc.com)
3 days ago Nintendo

Salesforce appoints Miguel Milano, its chief revenue officer, as COO; Chief Operating and Financial Officer Robin Washington will keep her title (www.cnbc.com)
3 days ago Salesforce

Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering, and reports Q2 revenue up 6% YoY to $668.3M, vs. $649.1M est. (www.cnbc.com)
3 days ago

Meta releases Muse Code in beta, a terminal coding agent powered by Muse Spark 1.2, a coding-focused model priced at $1.25/1M input and $4.25/1M output tokens (www.cnbc.com)
3 days ago

Uber reports Q2 revenue up 12% YoY to $14.2B, below $14.24B est., Gross Bookings up 24% to $58B, above $57B est., and forecasts Q3 adjusted EPS below est. (www.cnbc.com)
3 days ago Uber

Pinterest reports Q2 revenue up 18% YoY to $1.18B, vs. $1.15B est., MAUs up 11% to 640M, forecasts Q3 revenue in line with estimates; PINS drops 8%+ after hours (www.cnbc.com)
4 days ago

Snap reports Q2 revenue up 19% YoY to $1.6B, vs. $1.54B est., DAUs up 5% to 493M, vs. 487M est., forecasts Q3 revenue above est.; SNAP jumps 10%+ after hours (www.cnbc.com)
5 days ago

Palantir reports Q2 revenue up 93% YoY to $1.94B, vs. $1.8B est., US commercial revenue up 149%, and raises FY 2026 revenue guidance; PLTR jumps 9%+ after hours (www.cnbc.com)
5 days ago

The EU's AI Act enforcement powers take effect, letting it evaluate AI models before regional release, restrict market access, fine model providers, and more (www.cnbc.com)
5 days ago AI

Trump Media's new paid data API debuts, for “a direct, licensed, real-time feed of the platform's most market-moving Truths”; Dem. senators asked SEC to probe (www.cnbc.com)
7 days ago Trump

Shares of SK Hynix and Samsung surge more than 20% in Seoul on Friday, marking a sharp reversal from this week's sell-off (www.cnbc.com)
9 days ago Samsung

Chip stocks rallied Thursday after strong Microsoft and Lam Research earnings: Lam Research closed up 18%, Micron 18%, Sandisk 26%, Arm 7%, AMD 13%, Intel 11% (www.cnbc.com)
9 days ago Microsoft Intel AMD

Coinbase reports Q2 revenue down 19% YoY to $1.2B, vs. $1.3B est., stablecoin revenue below est., and a wider-than-expected loss; COIN drops 6%+ after hours (www.cnbc.com)
9 days ago Coinbase

Reddit reports Q2 revenue up 61% YoY to $805M, vs. $730M est., forecasts Q3 revenue above est., says search referrals were “choppy”; RDDT drops 6%+ after hours (www.cnbc.com)
9 days ago Reddit

Amazon reports Q2 ad revenue up 26% YoY to $19.81B, vs. $19.43B est., and subscription services revenue up 12% YoY to $13.73B (www.cnbc.com)
9 days ago Amazon

Sources: Leopold Aschenbrenner's Situational Awareness has sold all of its public stock holdings after losses on AI stocks and a bad bet against software stocks (www.cnbc.com)
9 days ago AI

Samsung reports Q2 revenue up 130% YoY to ~$118.1B, vs. ~$118.9B est., and operating profit up 1,814% to ~$61.46B, vs. ~$60.68B est., on robust AI demand (www.cnbc.com)
10 days ago Samsung AI

In an internal meeting, OpenAI finance chief Sarah Friar told employees that the company's annualized recurring revenue in July was higher than in Q2 as a whole (www.cnbc.com)
10 days ago

Meta reports Reality Labs Q2 revenue up 16% YoY to $431M, vs. $423.4M est., and a $4.62B operating loss, vs. $5.07B estimated (www.cnbc.com)
11 days ago

Microsoft reports Q4 Azure and other cloud services revenue up 43% YoY, vs. 40% est., and says Azure revenue in FY 2026 exceeded $100B for the first time (www.cnbc.com)
11 days ago Microsoft 4Q

SK Hynix reports Q2 revenue up 257% YoY to ~$54.34B, below ~$57.56B est., and operating profit up 557% YoY to ~$41.48B, below analyst estimate of ~$43.85B (www.cnbc.com)
11 days ago

eBay and several ex-executives agree to pay a $56M settlement to resolve a 2021 civil case involving the 2019 stalking and harassment of two e-commerce bloggers (www.cnbc.com)
12 days ago eBay

Filing: Shein says its US business is under FTC investigation and it is “cooperating”, without giving specifics, as the company prepares for an IPO in Hong Kong (www.cnbc.com)
12 days ago Hong Kong IPO

Source: Sam Altman will meet with senior US officials, lawmakers, and economists in Washington, DC, this week to preview OpenAI's upcoming family of AI models (www.cnbc.com)
13 days ago AI

NBCU and YouTube reach a multiyear deal to include all Peacock content in YouTube Premium subscriptions in the US starting in early 2027 (www.cnbc.com)
13 days ago YouTube

CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most valuable China-listed company (www.cnbc.com)
13 days ago China Shanghai

The US, China, and other APEC economies release a statement supporting open models, while emphasizing respect for security, data protection, and IP rights (www.cnbc.com)
15 days ago China APEC

Trump says the US will initiate a probe into the EU's practice of “robbing” US tech giants with fines, threatening the bloc with “substantial” tariffs (www.cnbc.com)
15 days ago Trump

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