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Tech stocks set for big losing week as AI names get rocked after Nvidia earnings
Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Woohae Cho | Getty Images News | Getty Images Even Nvidia CEO Jensen Huang couldn’t save the tech and artificial intelligence trade this week. The chip giant’s talismanic […]
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Eli Lilly hits $1 trillion market value, a first for a health-care company
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly reached a $1 trillion market capitalization on Friday, the first health-care company in the world to join the exclusive club dominated by tech firms. Eli Lilly briefly hit […]
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Google must double AI compute every 6 months to meet demand, AI infrastructure boss tells employees
Amin Vahdat, VP of Machine Learning, Systems and Cloud AI at Google, holds up TPU Version 4 at Google headquarters in Mountain View, California, on July 23, 2024. Marc Ganley Google ‘s AI infrastructure boss told employees that the company has to double its compute capacity every six months in order to meet demand for […]
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Nvidia is king in AI chips, but Google and Amazon want to catch up by making their own
Nvidia outperformed all expectations, reporting soaring profits Wednesday thanks to its graphics processing units that excel at AI workloads. But more categories of AI chips are gaining ground. Custom ASICs, or application-specific integrated circuits, are now being designed by all the major hyperscalers, from Google‘s TPU to Amazon‘s Trainium and OpenAI’s plans with Broadcom. These […]
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Foxconn highlights growing AI ambitions at ‘Tech Day’ as it grows beyond iPhone assembler identity
The entrance to a Foxconn construction site in Mount Pleasant, Wisconsin, in May 2019. Katie Tarasov | CNBC Foxconn showcased its push into artificial intelligence at its annual ‘Hon Hai Tech Day’ in Taiwan on Friday, underscoring the world’s largest contract manufacturer’s efforts to evolve beyond its role as the biggest assembler of Apple’s iPhones. […]
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OpenAI taps iPhone assembler Foxconn to manufacture data center components in U.S.
OpenAI is partnering with Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup’s latest announcement tied to its massive infrastructure development plans. While no financial terms were disclosed, OpenAI said in Thursday’s announcement that it will have early access to evaluate […]
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Google launches Nano Banana Pro, an updated AI image generator powered by Gemini 3
Sopa Images | Lightrocket | Getty Images Google on Thursday rolled out Nano Banana Pro, its latest image editing and generation tool, continuing the company’s momentum after launching its new Gemini artificial intelligence model earlier this week. The product is built on Gemini 3 Pro, which was announced on Tuesday and contributed to record-breaking stock […]
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Waymo to begin manual drives in Minneapolis, Tampa and New Orleans, aims to open service in 2026
Waymo driverless vehicles charge at a Waymo charging station in Santa Monica, California, U.S., May 30, 2025. Daniel Cole | Reuters Alphabet’s Waymo on Thursday announced that it will soon begin manually driving its robotaxi vehicles in Minneapolis, Tampa and New Orleans. The Google sister company will start operating test drives in that trio of […]
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Nvidia’s earnings blowout, Walmart’s outlook, Fed minutes and more in Morning Squawk
Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | 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 […]
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Nvidia sent a strong signal on AI infrastructure — but is it a bubble barometer?
Nvidia reported strong earnings and forecasts Wednesday, in what analysts saw as a clear signal for continued spending on AI infrastructure. Less clear, however, is whether the results can dispel fears of an AI bubble in markets. Fears have grown in recent months that massive investment in AI by major tech companies could outpace realistic […]
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