Alphabet Class A
CoreWeave’s revenue more than doubles as AI buildout expansion accelerates
Michael Intrator, co-founder and chief executive officer of CoreWeave, center, appears at the Nasdaq MarketSite in New York on March 28, 2025. CoreWeave raised $1.5 billion in its initial public offering, a downsized deal that reflects how stock market volatility is hurting demand for even highly anticipated listings. Michael Nagle | Bloomberg | Getty Images […]
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Waymo announces new CFO Steve Fieler
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Waymo has tapped Google executive Steve Fieler as its new chief financial officer, the self-driving company announced on Monday. The new CFO comes as the […]
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Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more
Check out the companies making the biggest moves midday: TreeHouse Foods — The food processor rallied 23% after announcing it’s being bought by European investment group Investindustrial for $22.50 per share in cash. That represents an 18% premium from Friday’s close. The deal values TreeHouse at nearly $3 billion. Tech stocks — Names tied to […]
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Former Google, Meta executives raise $100 million for high-capacity AI servers startup
Ofer Shacham is CEO of Majestic Labs. Tal Givony Three former Meta and Google silicon executives on Monday announced they’ve raised a total of $100 million to build technology they say will reduce cloud companies’ spend on data center buildouts. Called Majestic Labs, the startup’s co-founders are Ofer Shacham, Sha Rabii and Masumi Reynders, all […]
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New U.S. nuclear power boom begins with old, still-unsolved problem: What to do with radioactive waste
Castor containers for high-level radioactive waste. Ina Fassbender | Afp | Getty Images Nuclear power is back, largely due to the skyrocketing demand for electricity, including big tech’s hundreds of artificial intelligence data centers across the country and the reshoring of manufacturing. But it returns with an old and still-unsolved problem: storing all of the […]
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Top Wall Street analysts favor these 3 tech stocks for their growth outlook
High valuations for artificial intelligence (AI) stocks were the focus of the market this week, with fears of a potential AI bubble capping investor sentiment. But the view on Wall Street is still that several tech stocks offer strong fundamentals and are delivering rapid, AI-induced growth, justifying their sky-high valuations. The recommendations of top Wall […]
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Underwater cables are a vital piece of the AI buildout and internet — investment is booming
Over 95% of international data and voice call traffic travels through nearly a million miles of underwater communication cables. These cables carry government communications, financial transactions, email, video calls and streaming around the world. The first commercial telecommunication subsea cable was used for telegraphs and was laid across the English Channel between Dover, England and […]
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Big Tech’s AI spending spree: Smart long-term bet or short-term risk?
In this Club Check-in, CNBC’s Paulina Likos and Zev Fima break down big tech’s massive artificial intelligence spending spree — debating whether these billion-dollar bets will drive long-term cost savings or weigh on near-term returns. Mega-cap tech companies are shelling out billions of dollars to build out AI infrastructure. The big question we’re asking is […]
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Google’s decade-long bet on custom chips is turning into company’s secret weapon in AI race
Sopa Images | Lightrocket | Getty Images Nvidia has established itself as the undisputed leader in artificial intelligence chips, selling large quantities of silicon to most of the world’s biggest tech companies en route to a $4.5 trillion market cap. One of Nvidia’s key clients is Google, which has been loading up on the chipmaker’s […]
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AI valuation fears grip global investors as tech bubble concerns grow
This week’s equity market wobble, which saw a retreat in U.S. AI-related stocks amid ongoing concerns over stretched valuations, has thrust contagion concerns into the spotlight for European investors. Goldman Sachs CEO David Solomon warned this week of a “likely” 10-20% drawdown in equity markets at some point within the next two years, while the […]
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