Alphabet Inc
Microsoft’s stock heads for worst day in two years after disappointing forecast
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft‘s better-than-expected earnings report wasn’t enough to prevent the stock’s steepest sell-off in two years, as investors instead focused on the company’s forecast for the current period. Microsoft […]
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OpenAI launches ChatGPT search, competing with Google and Microsoft
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI on Thursday launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered artificial intelligence startup to better compete with search engines […]
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Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft‘s massive investment in OpenAI is weighing on earnings. Following Microsoft’s quarterly earnings report on Wednesday, CFO Amy Hood said she expects the company to […]
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Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a […]
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Stocks making the biggest moves midday: Reddit, Super Micro Computer, Garmin, Snap and more
Check out the companies making headlines in midday trading. Reddit – Shares soared 41% after the social media company reported a blockbuster third-quarter report . Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. The company’s $348.4 million revenue also exceeded consensus estimates of […]
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Microsoft set to report quarterly results after the close
Microsoft CEO Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024. Mandel Ngan | AFP | Getty Images Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. […]
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Meta set to report Q3 earnings after the bell
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are […]
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Stocks making the biggest moves premarket: Eli Lilly, Caterpillar, VinFast, Alphabet and more
Check out the companies making headlines in premarket trading. Eli Lilly — The drug maker tumbled 7.5% after missing analyst expectations for the third quarter and cutting full-year guidance. Eli Lilly earned $1.18 per share, excluding items, on $11.44 billion in revenue. Analysts polled by LSEG had anticipated earnings of $1.47 a share and $12.11 […]
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CNBC Daily Open: Everyone gave Reddit an upvote
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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CNBC Daily Open: Everyone loves Reddit
Reddit logo on website. Jakub Porzycki | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today […]
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