Breaking News: Technology
Etsy stock pops 14% on sale of Depop to eBay for $1.2 billion
The Etsy Inc. headquarters in the Brooklyn borough of New York on June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy shares skyrocketed more than 14% in extended trading on Wednesday after the company announced eBay would acquire its secondhand clothing reseller Depop for about $1.2 billion in cash. The deal comes […]
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Figma stock jumps 15% as company sees AI monetization accelerating growth
Dylan Field, co-founder and chief executive officer of Figma, speaks during a Bloomberg Television interview outside of the New York Stock Exchange in New York on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma shares jumped 15% in extended trading on Wednesday after the design software maker reported robust results and quarterly […]
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Anthropic is clashing with the Pentagon over AI use. Here’s what each side wants
Anthropic is at odds with the Department of Defense over how its artificial intelligence models should be used, and its work with the agency is “under review,” a Pentagon spokesperson told CNBC. The five-year-old startup was awarded a $200 million contract with the DoD last year. As of February, Anthropic is the only AI company […]
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Cramer is looking to nibble on a software stock and bail on a health-care name
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks moved higher on Wednesday, driven by Big Tech. Shares of Nvidia climbed 2% after the company announced a multiyear partnership with Meta under which the Facebook parent will […]
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Meta CEO Mark Zuckerberg set to testify in LA social media safety trial
Arda Kucukkaya | Anadolu | Getty Images Meta CEO Mark Zuckerberg is scheduled to testify on Wednesday in Los Angeles Superior Court as part of a landmark trial about social media and safety that’s being likened to the industry’s “Big Tobacco” moment. The trial, which began in late January, centers on a young woman who […]
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Palo Alto shares sink 8%, CEO defends cybersecurity’s position as AI hits software stocks
Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Palo Alto Networks CEO Nikesh Arora addressed the recent downdraft in software stocks, telling analysts in […]
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AI-enabled robotics could shift the balance of power in global manufacturing, says CEO of Alphabet company
When low labor costs aren’t the primary driver of manufacturing advantage, the world might experience a dramatic economic shift – and AI could be the key, a key Alphabet executive tells CNBC. Wendy Tan White is CEO of Intrinsic, a portfolio company of Google’s parent. In a Fortt Knox interview last week, she laid out […]
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‘A matter of national survival’: European governments on how they’re accelerating digital sovereignty as geopolitical tensions ramp up
Digital sovereignty is a “matter of national survival,” a European minister has told CNBC, as the continent scrambles to undo the dominance of U.S. digital services in its infrastructure amid geopolitical tensions. The region’s dependence on U.S. tech and military protection has come into sharp focus, as its relationship with President Donald Trump’s administration has […]
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Nvidia is partnering with major Indian VC firms in search of the country’s next AI start-ups
Nvidia H100 chips inside a server room at the Yotta Data Services Pvt. data center, in Navi Mumbai, India, March 14, 2024. Dhiraj Singh | Bloomberg | Getty Images American AI chip darling Nvidia is expanding its partnerships in India, including with venture capital firms, as it bets on the country’s AI ecosystem that has […]
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We cut our Palo Alto price target, but view the post-earnings drop as an opportunity
Palo Alto Networks on Tuesday evening delivered a strong quarter. But in a market with no room for error, the cybersecurity giant stumbled on guidance, and the stock sank. Revenue for the company’s fiscal 2026 second quarter ended Jan. 31 increased 15% to $2.59 billion, outpacing the $2.58 billion consensus estimate compiled by data provider […]
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