Breaking News: Technology
AI fears pummel software stocks: Is it ‘illogical’ panic or a SaaS apocalypse?
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic’s new AI tools, built for its Claude “Cowork” AI agent, are designed to handle complex professional workflows that […]
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Tesla maintains competitive showing in China-made EV sales despite industry headwinds
Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from […]
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Why Amazon’s CEO is ‘confident’ with $200 billion spending plan
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York, Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon‘s stock plunged 11% in extended trading on Thursday, dragged lower by market jitters around the company’s $200 billion capex plans, the highest spending forecast among the megacap companies. The forecast is […]
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CNBC Daily Open: Amazon’s projected capex dwarfs that of its peers — which have already spooked markets
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant plunged more than 11% in […]
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Amazon learns a tough lesson in a market bailing on tech. Why we must be patient
Amazon shares plummeted Thursday evening after the tech giant revealed a $200 billion capital expenditures plan for this year. Additionally, management’s current quarter profit forecast miss overshadowed what was otherwise a generally good final quarter of 2025. Revenue increased 14% year over year to $213.39 billion, beating expectations for $211.33 billion, according to estimates compiled […]
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Amazon cloud unit beats on revenue and profit as parent company ramps up AI spending
Amazon Web Services CEO Matt Garman delivers a keynote address at the AWS re:Invent conference in Las Vegas on Dec. 2, 2025. Noah Berger | Amazon Web Services | Getty Images Amazon said Thursday that revenue from its cloud unit increased almost 24% in the fourth quarter, topping analysts’ estimates. Amazon Web Services generated $35.58 […]
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Roblox shares rocket 20% on earnings beat, strong forecast
Roblox Corp. headquarters in San Mateo, California, US, on Tuesday, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images Roblox shares surged as much as 20% in extended trading Thursday after the company reported results for the fourth fiscal quarter that beat consensus estimates. Here’s how the gaming company did, compared with estimates […]
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Reddit reported fourth-quarter earnings and revealed strong guidance and $1 billion buyback
Sopa Images | Lightrocket | Getty Images Reddit shares rose 6% and then receded to flat in after-hours trading on Thursday after the company reported fourth-quarter earnings that beat on the top and bottom lines and gave strong guidance for the start of 2026. Here’s how the company did compared with LSEG estimates: Earnings per […]
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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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Anthropic launches Claude Opus 4.6 as AI moves toward a ‘vibe working’ era
Dario Amodei, CEO and co-founder of Anthropic, speaks during the 56th annual World Economic Forum meeting in Davos, Switzerland, Jan. 20, 2026. Denis Balibouse | Reuters Anthropic on Thursday announced the launch of Claude Opus 4.6, its latest artificial intelligence model that’s better at coding, sustaining tasks for longer and creating higher-quality professional work products […]
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