Articles from www.cnbc.com

Articles from www.cnbc.com

StubHub reports Q3 revenue up 8% YoY to $468.1M, vs. $452M est., gross merchandise sales up 11% to $2.43B; STUB drops 5%+ after hours (www.cnbc.com)
20 hours ago

Cursor says it has crossed $1B in annualized revenue, has 300+ employees, and its in-house models “generate more code than almost any other LLMs in the world” (www.cnbc.com)
22 hours ago

Sources: xAI has raised $15B, adding $5B to the $10B reported in September, which valued the startup at $200B (www.cnbc.com)
1 day ago Startup

Boston-based Code Metal, which uses AI to help engineers translate code into other languages, raised a $36.5M Series A led by Accel at a $250M valuation (www.cnbc.com)
1 day ago AI

Cisco reports Q1 revenue up 8% YoY to $14.88B, vs. $14.77B est., net income up 5% to $2.86B, and forecasts Q2 revenue above est.; CSCO jumps 5%+ after hours (www.cnbc.com)
1 day ago Cisco

Anthropic plans to spend $50B on a US infrastructure buildout, starting with data centers in Texas and New York in partnership with Fluidstack, opening in 2026 (www.cnbc.com)
2 days ago New York Texas

Coinbase plans to move its incorporation from Delaware to Texas, saying Delaware “once provided companies with consistency” but now has “unpredictable outcomes” (www.cnbc.com)
2 days ago Texas Coinbase

Foxconn reports Q3 revenue of $66.3B, in line with estimates, net profit up 17% YoY to $1.86B, vs. $1.63B exp., says it expects significant YoY growth in Q4 (www.cnbc.com)
2 days ago 4Q

CoreWeave closed down 16% after its CEO admitted delays at a data center developer that Jim Cramer implied may be Core Scientific; CORZ closed down 10% (www.cnbc.com)
2 days ago

Oura CEO Tom Hale says the Finnish company expects “maybe close” to $2B in sales in 2026, up from $1B in 2025, and there is “no news on an IPO” (www.cnbc.com)
3 days ago IPO Finland

CoreWeave reports Q3 revenue up 134% YoY to $1.36B, vs. $1.29B est., and a net loss of $110M, down from $360M a year ago; CRWV is up 164% since its March IPO (www.cnbc.com)
3 days ago IPO

Majestic Labs, which makes patent-pending server architecture that promises more memory capacity, raised $100M, including a $71M Series A led by Bow Wave (www.cnbc.com)
4 days ago

Investment in subsea cable projects is expected to reach $13B between 2025 and 2027, almost 2x the amount invested between 2022 and 2024, driven by AI buildout (www.cnbc.com)
5 days ago AI

1Password CEO David Faugno says the company has crossed $400M in ARR, up from $250M in 2023, as it benefits from a shift in the threat landscape due to AI (www.cnbc.com)
7 days ago AI

Chinese startup Moonshot releases Kimi K2 Thinking, an open-source model it claims beats GPT-5 in agentic capabilities; source: the model cost $4.6M to train (www.cnbc.com)
7 days ago China Startup

Airbnb reports Q3 revenue up 10% YoY to $4.1B, vs. $4.08B est., Nights and Seats booked up 9% to 133.6M, vs. 131.75M est., forecasts Q4 revenue above estimates (www.cnbc.com)
7 days ago Airbnb 4Q

DoorDash's stock fell 17%+ on Thursday, marking its worst trading day ever, amid concerns over its 2026 spending plans for new products like autonomous delivery (www.cnbc.com)
7 days ago

David Sacks says there will be “no federal bailout for AI”, as the US has at least five major AI companies and “if one fails, others will take its place” (www.cnbc.com)
8 days ago AI

Datadog's stock jumps 20%+ after reporting Q3 revenue up 28% YoY to $885.7M, above $852.8M est., and forecasting Q4 revenue at $912M-$916M, above $877M est. (www.cnbc.com)
8 days ago 4Q

OpenAI CFO Sarah Friar clarifies the startup is not seeking a government “backstop” for its infrastructure deals, saying her use of the word “muddied the point” (www.cnbc.com)
8 days ago Startup

Duolingo stock falls 25%+ after saying it expects bookings to range between $329.5M and $335.5M this quarter, falling short of a $344.3M estimate (www.cnbc.com)
8 days ago

Google says Ironwood, its seventh-gen TPU, will launch in the coming weeks and is more than 4x faster than its sixth-gen TPU; it comes in a 9,216-chip config (www.cnbc.com)
8 days ago Google

Sens. Mark Warner and Josh Hawley introduce a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts (www.cnbc.com)
8 days ago AI

Figma reports Q3 revenue up 38% YoY to $274.2M, vs. $265.2M est., adjusted operating margin of 12%, vs. 6.5% est., and forecasts Q4 revenue above estimates (www.cnbc.com)
8 days ago 4Q

Robinhood reports Q3 revenue up 100% YoY to $1.27B, vs. $1.19B est., transaction-based revenue up 129% to $730M, vs. $739M est., and net income up 271% to $556M (www.cnbc.com)
8 days ago

DoorDash reports Q3 revenue up 27% YoY to $3.45B, vs. $3.36B est., and total orders up 21% to 776M, vs. 770.13M est.; DASH drops 18%+ after hours (www.cnbc.com)
8 days ago

Qualcomm reports Q4 revenue up 10% to $11.27B, vs. $10.79B est., handsets revenue up 14% to $6.96B, and forecasts Q1 revenue above estimates (www.cnbc.com)
8 days ago 4Q

Snap reports Q3 revenue up 10% YoY to $1.51B vs. $1.49B est., DAUs up 8% to 477M vs. 476M est., and announces a $500M share buyback; SNAP jumps 23%+ after hours (www.cnbc.com)
8 days ago

Pinterest shares dropped 20% on Wednesday after forecasting Q4 revenue below estimates as advertising took a hit from retailers dealing with tariffs (www.cnbc.com)
9 days ago 4Q

Armis, which helps businesses secure and manage IoT devices, raised $435M at a $6.1B valuation, up from $4.2B after raising a $200M Series D in October 2024 (www.cnbc.com)
9 days ago IoT

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