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Meta shares hit all-time high as Mark Zuckerberg goes on AI hiring blitz
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group. The company’s shares reached $747.90 during midday trading, topping Meta’s previous stock […]
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Analyst Dan Ives says it will be the summer of $4 trillion market caps for surging tech giants
Nvidia and Microsoft will be the first to join the exclusive $4 trillion market cap club as the appetite for artificial intelligence skyrockets, according to Dan Ives, Wedbush Securities global head of technology research. The two stocks have had an incredible bounce back this quarter after a rough start to the year, as fears around […]
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Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems
Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant‘s first commercial commitment to fusion. The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first grid-scale fusion […]
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CNBC Daily Open: The S&P 500’s high is a gift from Trump that can be taken away
U.S. President Donald Trump takes part in a press conference on recent Supreme Court rulings in the briefing room at the White House on June 27, 2025, in Washington, DC, U.S. Joe Raedle | Getty Images News | Getty Images Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the […]
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CNBC Daily Open: The S&P 500 hits a high — but as Trump gives, so can he take
U.S. President Donald Trump speaks to the media at the White House in Washington D.C., U.S., June 27, 2025. Ken Cedeno | Reuters Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the S&P 500 broke its previous record. Celebrations were shared with the Nasdaq Composite, which also hit a […]
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Tesla’s IPO was 15 years ago. The stock is up almost 300-fold since then
CEO of Tesla Motors Elon Musk waves after ringing the opening bell at the NASDAQ market in celebration of his company’s initial public offering in New York June 29, 2010. Brendan McDermid | Reuters At the time of Tesla’s IPO 15 years ago, the company had generated roughly $150 million in revenue in its lifetime. […]
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Tesla says it made its first driverless delivery of a new car to a customer
A Tesla logo outside the company’s Tilburg Factory and Delivery Center. Karol Serewis | Getty Images Tesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company’s Austin, Texas, Gigafactory to an apartment building in the area on June […]
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Gabelli Funds highlights the AI stocks to buy as craze continues
The trillion-dollar investment cycle into generative artificial intelligence is only just beginning, and is already starting to pay off, according to John Belton, portfolio manager at Gabelli Funds. Tech companies are set to invest roughly $1 trillion in capital expenditures into AI infrastructure over the coming years, causing some investors to worry the businesses may […]
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At 20 years old, Reddit is defending its data and fighting AI with AI
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images For 20 years, Reddit […]
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Trump ends all U.S. trade talks with Canada over digital services tax
U.S. President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a […]
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