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Stocks making the biggest moves midday: Oracle, Nebius, Campbell’s, Serve Robotics, Cadre and more
Check out some of the companies making the biggest moves midday: Oracle — Oracle jumped 10% after the cloud infrastructure company gave strong fiscal third-quarter results and lifted its revenue guidance for fiscal 2027. Management lifted its fiscal 2027 revenue outlook by $1 billion to $90 billion. Analysts polled by LSEG had estimated $86.6 billion. […]
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Meta rolls out in-house AI chips weeks after massive Nvidia, AMD deals
Meta’s 5-gigawatt Hyperion data center under construction in Richland Parish, Louisiana, Jan. 9, 2026. Courtesy of Meta Meta on Wednesday revealed four custom, in-house chips tailored for artificial intelligence-related tasks as part of the company’s massive data center expansion plans. The specialized silicon is part of the Meta Training and Inference Accelerator, or MTIA, family […]
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Oil’s wild ride, Oracle earnings, Kevin Warsh’s ‘perfect storm’ and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. If you’re a fan of commercial real estate, or Netflix’s “Owning Manhattan” (or both), check out Ryan Serhant’s sitdown with CNBC’s Diana Olick. Stock futures are around flat this morning. The three major indexes finished yesterday’s session little changed. Here […]
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Amazon’s Zoox partners with Uber to reach more robotaxi riders — first in Las Vegas, then LA
A Zoox robotaxi is seen driving on Nov. 19, 2025 in San Francisco, California. Justin Sullivan | Getty Images Amazon‘s Zoox is making its toaster-shaped self-driving vehicles available through the Uber app in Las Vegas starting this summer, the latest sign of momentum in the nascent but fast-growing robotaxi market. As part of a multiyear […]
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Microsoft backs Anthropic in Pentagon blacklist battle, urges temporary restraining order
Microsoft CEO Satya Nadella attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 20, 2026. Denis Balibouse | Reuters Microsoft threw its support behind Anthropic on Tuesday, saying a judge should issue a restraining order that would block the Pentagon’s designation of the artificial intelligence giant as a supply chain risk […]
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Oracle stock jumps 7% on earnings beat and increased guidance as cloud revenue climbs 44%
Oracle shares rose 8% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Management said is now forecasting $90 billion in fiscal 2027 revenue. Analysts polled by LSEG had anticipated $86.60 billion. Oracle sees $1.92 and $1.96 in adjusted […]
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Amazon wins court order to block Perplexity’s AI shopping agent
The Perplexity app in the Apple App Store on a smartphone arranged in Washington, June 1, 2025. Stefani Reynolds | Bloomberg | Getty Images A federal judge temporarily blocked startup Perplexity from accessing Amazon‘s site with its Comet artificial intelligence browser, according to court filings. Amazon sued Perplexity in November, alleging the startup took steps […]
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Amazon plans ‘deep dive’ internal meeting to address AI-related outages
The logos of World Economic Forum (WEF) and Amazon are displayed during the 56th annual World Economic Forum (WEF) meeting, in Davos, Switzerland, Jan. 20, 2026. Romina Amato | Reuters Amazon plans to address a string of recent outages, including some that were tied to AI-assisted coding errors, at a retail technology meeting on Tuesday, […]
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How the Iran war and rising energy prices are threatening semiconductor demand
SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images A prolonged conflict in the Middle East could impact the semiconductor industry’s access to key materials while rising costs could […]
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Bill Ackman’s Pershing Square files for IPO on the NYSE
Bill Ackman, CEO of Pershing Square Capital Management, speaking on CNBC’s Squawk Box on Oct. 21st, 2025. CNBC Outspoken investor Bill Ackman is taking a step toward his long-held ambition of building a publicly traded investment vehicle modeled on Warren Buffett’s approach, filing to list his hedge fund firm Pershing Square Capital Management on the […]
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