Articles from www.cnbc.com

Articles from www.cnbc.com

Nvidia CEO Jensen Huang's 3.5%+ stake in the company grew from $3B to $90B in five years, as the stock grew 28x in five years and more than doubled this year (www.cnbc.com)
2024-5-25 Nvidia

US DOJ and state AGs sue to break up Ticketmaster parent Live Nation over alleged antitrust violations, following a DOJ probe and Taylor Swift fan complaints (www.cnbc.com)
2024-5-24

Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above estimates, and announces a 10-for-1 stock split (www.cnbc.com)
2024-5-23 Nvidia

Sources: Amazon plans to make Alexa more conversational later in 2024, adding generative AI features, and will charge a fee to offset the cost of the tech (www.cnbc.com)
2024-5-22 Amazon AI

Chinese smartphone maker Honor plans to include Google's Gemini and Imagen 2, powered by Google Cloud, in upcoming devices, one of the first companies to do so (www.cnbc.com)
2024-5-22 China Google

NY AG announces a $2B settlement with crypto lender Genesis, after claiming Genesis misled investors about its Gemini Earn program, leading to $1B+ in losses (www.cnbc.com)
2024-5-21

Palo Alto Networks is buying IBM's QRadar cloud security software assets and moving customers to its own platform; IBM will adopt Palo Alto products internally (www.cnbc.com)
2024-5-16 IBM Asset

Cisco reports Q3 revenue down 13% YoY to $12.7B, vs. $12.53B est., net income down 41% YoY to $1.89B, and forecasts FY 2024 revenue above estimates (www.cnbc.com)
2024-5-16 Cisco

Netflix says its ad tier has 40M MAUs, up from 23M in January, and it will launch its own ad platform and no longer partner with Microsoft for that technology (www.cnbc.com)
2024-5-16 Microsoft Netflix

Amazon made its debut pitch at the Upfronts annual ad sales event on May 14, competing with major media networks and highlighting its push beyond digital ads (www.cnbc.com)
2024-5-15 Amazon

Ilya Sutskever says he will leave OpenAI; Director of Research Jakub Pachocki will become OpenAI's new chief scientist (www.cnbc.com)
2024-5-15

Reddit's stock closed up 7.13% today, amid a meme stocks rally driven in part by posts on r/WallStreetBets; GameStop closed up 60.10% and AMC up 31.98% (www.cnbc.com)
2024-5-15 Reddit

Foxconn reports Q1 revenue down 9% YoY to ~$40.9B, net profit up 72% YoY to ~$679M, and consumer electronics was 48% of its revenue while cloud was 28% (www.cnbc.com)
2024-5-14

Sony reports Q4 revenue up 14% YoY to ~$22.4B, above ~$18.5B est., operating profit up 57% YoY to ~$1.5B, and sold 20.8M PS5 units in FY 2023, below guidance (www.cnbc.com)
2024-5-14 4Q Sony

Anthropic launches its Claude chatbot and subscription plans in Europe, available to individuals and businesses through the web and via an iPhone app (www.cnbc.com)
2024-5-14 Europe iPhone chatbot

SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value (www.cnbc.com)
2024-5-13

A federal judge dismisses X's lawsuit against Bright Data over data scraping; Meta previously filed a suit against Bright Data and was similarly unsuccessful (www.cnbc.com)
2024-5-11

Alibaba releases Qwen2.5, says its Qwen models are used by 90K+ companies; OpenCompass: Qwen2.5 beats GPT-4 in language, creation but not knowledge, reasoning (www.cnbc.com)
2024-5-10 Alibaba

Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY (www.cnbc.com)
2024-5-9

Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% to 132.6M, and forecasts Q2 revenue below expectations (www.cnbc.com)
2024-5-9 Airbnb

UK neobank Monzo raised $190M at a $5.2B valuation, up from $5B in March 2024 after raising $430M, and plans to use the funds for its international expansion (www.cnbc.com)
2024-5-8

Reddit Q1: revenue up 48% YoY to $243M, vs. $212.8M est., net loss of $575.1M, driven by IPO expenses, and DAUq total up 37% to 82.7M; RDDT up 15%+ after hours (www.cnbc.com)
2024-5-8 IPO Reddit

Disney reported Disney+ and Hulu had an operating income of $47M in Q2, vs. a loss of $587M YoY, the first time the streamers had a combined profit in a quarter (www.cnbc.com)
2024-5-8

Palantir reports Q1 revenue of $634M, up 21% YoY, vs. $625M est., net income of $106M, up from $16.8M YoY; Palantir stock drops 9% after hours on weak guidance (www.cnbc.com)
2024-5-7

Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%; SQ jumps 7%+ after hours (www.cnbc.com)
2024-5-3

An NLRB judge finds Amazon CEO Andy Jassy violated US labor law with his comments in 2022 suggesting workers would be “less empowered” if they voted in a union (www.cnbc.com)
2024-5-2 Amazon

Qualcomm reports Q2 revenue up 1% YoY to $9.39B, vs. $9.34B est., handset sales up 1% YoY to $6.18B, and Q3 revenue forecast above expectations (www.cnbc.com)
2024-5-2

In a US Senate hearing, the UnitedHealth CEO says the company paid a $22M ransom to hackers who accessed a Change Healthcare server that wasn't protected by MFA (www.cnbc.com)
2024-5-2 Senate

Sources: Google laid off at least 200 employees from its “Core” teams, including its Python developer team, and plans to move some roles to Mexico and India (www.cnbc.com)
2024-5-2 Mexico India Google

Anthropic launches Team, a new enterprise plan that offers access to its Claude 3 Opus, Sonnet, and Haiku models for $30/user/month and a free iOS app (www.cnbc.com)
2024-5-2 IOS

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