Technology
Mark Zuckerberg comes to his senses on metaverse spending, and we’re thrilled
Is the “year of efficiency” Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday’s highs after Bloomberg reported that Zuckerberg is set to reduce metaverse spending up to 30%. The metaverse group, which works on the company’s virtual “Horizon World” environment and […]
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Meta stock climbs 4% on report of planned metaverse cuts
Meta CEO Mark Zuckerberg has repositioned the social media giant as an AI company. Vincent Feuray | AFP | Getty Images Meta Platforms shares popped about 4% higher on Thursday after Bloomberg reported that CEO Mark Zuckerberg was looking to make significant cuts to the company’s metaverse resources. Bloomberg said that executives have considered budget […]
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Jim Cramer warns that OpenAI is the year 2000 in a nutshell
CNBC’s Jim Cramer said Thursday that OpenAI reminds him of the kind of speculation and leveraged, aggressive bets that caused the 1990s dot-com bubble to burst. “OpenAI is 2000 in a nutshell,” Cramer said on “Squawk on the Street,” comparing the current everything-AI-mentality to the everything-internet that got the market in trouble roughly 25 years […]
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Weak jobs data, Salesforce earnings, GM’s ‘Silicon Valley cowboy’ and more in Morning Squawk
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to […]
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Nvidia has a cash problem — too much of it
When Nvidia this week said it would take a $2 billion stake in chip design company Synopsys, it was just the latest in a string of massive investments announced by the chipmaker this year. Nvidia has also said it would take a $1 billion stake in Nokia, invest $5 billion in Intel and $10 billion […]
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Meta faces Europe antitrust investigation over WhatsApp AI policy
Meta has been hit with an EU antitrust investigation over its use of AI features in WhatsApp, as the European bloc continues to ramp up challenges to US big tech giants. The probe will examine whether Meta’s new policy on allowing AI providers’ access to WhatsApp may breach EU competition rules, Brussels said in a […]
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Software startup deploys Singapore’s first quantum computer for commercial use
Inside Horizon Quantum’s office in Singapore on Dec. 3, 2025. The software firm claimed it is the first private company to deploy a commercial quantum computer in the city-state. Sha Ying | CNBC International Singapore-based software firm Horizon Quantum on Wednesday said it has become the first private company to run a quantum computer for […]
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Salesforce beats on earnings, issues better-than-expected revenue forecast
Salesforce CEO Marc Benioff delivers the keynote address at the start of the Dreamforce conference in San Francisco on Oct. 14, 2025. Jessica Christian | San Francisco Chronicle | Getty Images Salesforce reported better-than-expected earnings on Wednesday and topped Wall Street estimates with its revenue guidance for the fourth quarter. The stock rose 5% in […]
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Nvidia CEO Jensen Huang talks chip restrictions with Trump, blasts state-by-state AI regulations
Nvidia CEO Jensen Huang said he met with President Donald Trump on Wednesday and that the two men discussed chip export restrictions, as lawmakers consider a proposal to limit exports of advanced artificial intelligence chips to nations like China. “I’ve said it repeatedly that we support export controls, and that we should ensure that American […]
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Dan Niles says his best idea right now is cash. Here’s what else he likes
In a market that could soon be topping out, the best investment idea right now is cash, according to Dan Niles, founder of Niles Investment Management. The market moved higher on Wednesday, but Microsoft shares fell after The Information reported the company was slashing software sales quotas tied to artificial intelligence. Microsoft denied the report […]
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