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Stocks making the biggest moves after hours: Amazon, Apple, Steel Dynamics and more
Check out the companies making headlines after the bell : Zions — Shares slipped almost 3% after the regional bank reported net interest income in its first quarter of $662 million, coming in below the $674.5 million analysts polled by StreetAccount had anticipated. However, Zions’ earnings of $1.56 per share beat the consensus forecast of […]
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Amazon to invest up to another $25 billion in Anthropic as part of AI infrastructure deal
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon has agreed to invest up to $25 billion in Anthropic, on top of the $8 billion that it’s poured into the artificial intelligence startup in recent years, as part of an expanded agreement to […]
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Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology gained nearly 6% on Monday amid reports that Google will use the chip design firm for two new chips to power artificial intelligence workloads. Until now, Google has relied on […]
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Amazon ‘strong-armed’ Levi’s, Hanes to hike prices on rival sites, California DA says
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon pressured major brands like Levi Strauss & Co and Hanes to inflate prices of listings on rival online marketplaces as […]
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Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, ranging from Target to Walmart, are due more than $160 billion in tariff refunds following a February Supreme Court decision as the Trump administration launches its claims filing portal Monday. Hopes are high for a smooth launch of the system that will facilitate the refunds, but companies and Wall Street analysts are tempering […]
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SiIicon Valley’s AI agent hiccups: Wasted tokens and ‘chaotic’ systems
San Jose CA, commercial hub of silicon valley and its network of freeways. Steve Proehl | The Image Bank | Getty Images Despite the C-suite’s enthusiasm over artificial intelligence agents that can plow through office tasks like never-sleeping interns, the underlying technology is still rickety and a potential cost-sucker. That much was clear this week […]
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OpenAI loses multiple executives in latest leadership shakeup
Kevin Weil, chief product officer of OpenAI, speaks during the Hill & Valley forum at the US Capitol in Washington, DC, US, on Wednesday, April 30, 2025. Al Drago | Bloomberg | Getty Images Three OpenAI executives announced their departures from the company on Friday, the latest in a series of leadership shakeups at the […]
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Perspective: AI demand is inflated, and only Anthropic is being realistic
The main demand signal for artificial intelligence looks explosive on paper, but it may be significantly overstated. Anthropic, by pricing its tools for that reality, might be the best-positioned AI company if a correction comes. Tokens are the basic unit of AI usage: words and characters that make up both the queries users send and […]
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Nvidia AI chip rivals attract record funding as competition heats up
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company’s supremacy. And […]
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