Articles from www.cnbc.com

Articles from www.cnbc.com

Sources: OpenAI CFO Sarah Friar told employees at an all-hands that OpenAI “will be a public company in 2027”, or sooner if “our business continues to inflect” (www.cnbc.com)
23 hours ago

Sources: Nvidia is working as a matchmaker to connect companies holding its GPUs with Nordic data center operators that have available capacity to deploy them (www.cnbc.com)
1 day ago Nvidia

Nvidia, with quarterly free cash flow up 18x over the past three years to $48.5B, is using its balance sheet and credit rating to build an AI capital moat (www.cnbc.com)
1 day ago AI Nvidia

Opening arguments begin Tuesday in the state AGs' social media addiction lawsuit against Meta; New Mexico AG says the consequences could be “astronomical” (www.cnbc.com)
2 days ago Mexico

Nvidia's $500B funding package announcement for AI infrastructure follows SEC's July guidance that confirmed looser restrictions for data center securitizations (www.cnbc.com)
3 days ago AI Nvidia

Source: OpenAI CFO told investors that enterprise business now generates more revenue than ChatGPT-led consumer business; enterprise customers grew 32% in July (www.cnbc.com)
5 days ago

Reddit will join the S&P 500 on August 18, becoming only the second pure-play social media company in the index after Meta; RDDT jumps 10%+ after hours (www.cnbc.com)
6 days ago Reddit

Databricks closed a $5B funding round at a $190B valuation, six months after raising $5B at a $134B valuation, and says it has crossed $7B in revenue run rate (www.cnbc.com)
7 days ago

Inside SK Hynix's $720B Yongin Cluster, which it calls the world's largest network of memory factories and is set to go into production in February 2027 (www.cnbc.com)
7 days ago

A look at the challenges facing incoming Google DeepMind head Koray Kavukcuoglu, who joined DeepMind in 2012 and will oversee Gemini and frontier AI research (www.cnbc.com)
8 days ago Google AI

CoreWeave reports Q2 revenue up 112% YoY to $2.58B, vs. $2.56B est., and a $104B revenue backlog, with 1.5 GW of contracted power; CRWV jumps 9%+ after hours (www.cnbc.com)
8 days ago

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)
14 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)
14 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)
14 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)
14 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)
14 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)
14 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)
15 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)
15 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)
16 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)
16 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)
17 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)
19 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)
20 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)
20 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)
20 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)
20 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)
20 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)
21 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)
22 days ago Samsung AI

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