Amazon.com Inc
Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
Baupost Group’s Seth Klarman picked up Amazon in the fourth quarter, a bet that has yet to work out for the value investor this year as tech stocks take a hammering. The Boston-based hedge fund manager took a new position in Amazon amounting to $489.7 million, making the online retailer the firm’s second-largest holding, according […]
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Amazon has lost $450 billion in value during this historic losing streak. Here’s what’s dragging it down
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20, 2026. CNBC Amazon shares whipsawed on Tuesday, as the stock attempted to make a comeback from a historic slide. Should the stock close in the red, it would mark a tenth-straight negative session, tying the company’s […]
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Cloud startup Render raises funding at $1.5 billion valuation as AI-built apps boom
Render employees, including CEO Anurag Goel, center, gather at the startup’s headquarters in San Francisco on Feb. 11, 2026. Render Venture capitalists are doubling down on Render, a startup offering easy-to-use cloud infrastructure. On Tuesday it said it has raised $100 million in funding at a $1.5 billion valuation. The lucrative cloud computing world, dominated […]
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Apple takes on YouTube and Spotify with new video podcasting push
Apple Podcasts on App Store displayed on a phone screen is seen in this illustration photo taken in Poland on June 5, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Apple on Monday announced that it will bring a new integrated video podcast experience to Apple Podcasts this spring. […]
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Huang and Pichai among tech CEOs heading to India for major AI summit in a key market
US President Joe Biden looks on as India’s Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of American and Indian companies, in the East Room the White House in Washington, DC, on June 23, 2023. Brendan Smialowski | AFP | Getty Images Big technology executives descend on India this week […]
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Trump trade adviser Navarro says administration may force data center builders like Meta to ‘internalize’ costs
White House trade advisor Peter Navarro speaks to members of the media near the West Wing of the White House in Washington, D.C., U.S., August 21, 2025. Nathan Howard | Reuters President Donald Trump’s trade and manufacturing adviser Peter Navarro said on Sunday that the White House may force data center builders to absorb their […]
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The AI trade has entered a puzzling phase. Do we know who the winners are anymore?
All hail Anthropic, the destroyer of everything. What an amazing service. It can wipe out Adobe by allowing you to design something better that has a much simpler commerce system, designed personally for you. That one is child’s play. ServiceNow may call itself the “AI Control Tower” to signify who is in charge, but the […]
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Elon Musk’s xAI faces threat of NAACP lawsuit over air pollution from Mississippi data center
Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk’s xAI, which merged with SpaceX last week, is facing increased pressure from environmental and civil rights groups over pollution concerns, this time at the company’s facility in Southaven, Mississippi. On Friday, the Southern Environmental Law Center and Earthjustice, on behalf of the NAACP, sent a notice […]
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Roku stock surges on earnings beat, record quarter for premium subscriptions
Shares of Roku jumped more than 6% on Friday after the video streaming company posted fourth-quarter results that trounced analysts’ expectations and offered strong guidance. Here’s how the company did based on analysts’ estimates compiled by LSEG: Earnings per share: 53 cents adjusted vs. 28 cents Revenue: $1.39 billion vs. $1.35 billion “The biggest driver […]
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Instacart jumps 14% on strong results as CEO calls grocery competition fears ‘overblown’
Jakub Porzycki | Nurphoto | Getty Images Instacart‘s stock surged more than 14% after the company’s robust results alleviated worries over mounting competitive pressures in the grocery delivery market. During an earnings call with analysts, CEO Chris Rogers, who took the helm last year, called the concerns “overblown” and said the company monitors threats “extremely […]
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