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How exposed are software stocks to AI tools? We put vibe-coding to the test
Software, legal services and video games stocks have been selling off in recent weeks on fears that new AI features and tools could wipe them out. But how real is that threat? We decided to find out. CNBC’s Deidre Bosa and I used Anthropic’s AI coding tool “Claude Code” with the goal of creating a […]
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Qualcomm stock sinks 10% as company issues dire warning on memory shortage
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan, May 19, 2025. Ann Wang | Reuters Qualcomm shares plunged 10% after the chipmaker issued disappointing guidance as skyrocketing demand for artificial intelligence data centers eats away at memory chip supply for consumer electronics. On an earnings call with analysts, Qualcomm CEO […]
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Amazon’s push to make AI cheaper — and why it matters to reigniting the stock
Amazon ‘s cloud leadership — and likely the next move in the stock — hinges on whether growth on that side of the business continues to reaccelerate. Custom AI chips are key to that effort. Investors widely view shares of Amazon, which also dominates in e-commerce, as driven primarily by the fortunes of its Amazon […]
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Alphabet resets the bar for AI infrastructure spending
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Google parent Alphabet beat Wall Street’s expectations for its fourth quarter but a new, high bar for expected spending on artificial intelligence infrastructure tempered enthusiasm. […]
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Qualcomm stock sinks as memory shortage drags on forecast
President and CEO of Qualcomm Cristiano Amon delivers a speech at the Web Summit at Parque das Nacoes in Lisbon, on November 12, 2024. Patricia De Melo Moreira | AFP | Getty Images Qualcomm reported fiscal first-quarter earnings on Wednesday that beat expectations, but the company’s forecast came up short because of the global memory […]
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Broadcom, Nvidia shares rise on surging Google capital expenditures for AI
Broadcom shares climbed 6% in extended trading Wednesday after Google reported earnings and surging capital expenditures for artificial intelligence. Google said Wednesday that it expects to spend as much as $185 billion on capital expenditures this year, which is nearly double what it spent last year. Ben Reitzes, Melius Research head of technology research, said […]
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Alphabet earnings are out after market close. Here’s what Wall Street is watching
Google parent Alphabet has become a key winner in the artificial intelligence race. Its upcoming quarterly results could determine how far the stock can go from here. Shares of Alphabet have gained more than 8% year to date and 64% over the past 12 months, making a huge comeback from its initial slump as the […]
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OpenAI models could help power Alexa as part of Amazon investment deal
OpenAI’s artificial intelligence models could help power Amazon’s digital assistant Alexa and other internal projects at the e-commerce giant, CNBC confirmed on Wednesday. The collaboration between the two companies is being discussed in tandem with Amazon’s ongoing talks to invest up to $50 billion in OpenAI, according to a source familiar with the matter who […]
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Gold extends gains, breaking past $5,000; Asia stocks mostly track Wall Street losses on tech pullback
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets mostly fell Wednesday, tracking Wall Street losses after a sell-off in U.S. technology stocks weighed on sentiment, while gold extended gains for a second day. Japan’s Nikkei 225 lost 1.2%, dragged by tech […]
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Nvidia, OpenAI appear stalled on their mega deal. But the AI giants still need each other
Sam Altman, CEO of OpenAI (L), and Jensen Huang CEO of Nvidia. Reuters Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman appeared together on CNBC in September to announce a mammoth $100 billion deal that was poised to usher in a new chapter for the booming artificial intelligence industry. Five months later, no contract […]
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