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Bill Gurley on AI bubble: A bunch of people got rich quick and a reset is coming
Benchmark general partner Bill Gurley on Monday said the artificial intelligence wave is real and a lot of people got rich quick, but he expects a “reset” to come. “When people get rich quick, a whole bunch of people come in and want to get rich too, and that’s why we end up with bubbles,” […]
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Watch live: Nvidia CEO Jensen Huang gives GTC 2026 keynote
[The stream is slated to start at 2:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] Nvidia CEO Jensen Huang will give the GTC 2026 keynote presentation Monday in San Jose, Calif. at the company’s artificial intelligence conference. Investors will be watching closely for new product […]
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Apple acquires video editing company MotionVFX to boost subscribers
Tim Cook, chief executive officer of Apple Inc., opens the door during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 19, 2025. Kena Betancur | Bloomberg | Getty Images Apple has acquired video editing company called MotionVFX, which offers plugins, templates […]
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Oil crisis unlikely to lead to bear market, says CFRA’s Sam Stovall
Though oil prices have spiked in the aftermath during the Iran war, disruption in energy markets probably won’t lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research. The war – now in its third week – has brought about the biggest oil supply disruption in history by closing the […]
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Stocks making the biggest moves midday: Nvidia, Peloton, Meta, Dollar Tree & more
Check out the companies making the biggest moves in midday trading: Peloton — The connected fitness company, known for its at-home Bike and Tread products, announced a new commercial series for high-traffic gyms on Monday. Shares gained 4.5%. Meta — Shares of the Facebook parent rose more than 2% after Reuters reported that Meta anticipates […]
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Oil continues to rise, the Federal Reserve, Nvidia’s big week and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. CNBC’s Brian Sullivan sat down with Treasury Secretary Scott Bessent this morning in Paris, where Bessent just met with his Chinese counterpart. The Cabinet secretary said that “logistics” could delay Trump’s planned trip to China later this month. Stock futures […]
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Stocks making the biggest moves premarket: Micron Technology, Nebius Group, Dollar Tree & more
Check out the companies making the biggest moves before the bell: Nebius Group — The artificial intelligence infrastructure company rallied 14% after announcing a deal with Meta. As part of the agreement, Nebius will “provide $12 billion of dedicated capacity across multiple locations,” it said in a statement. This comes after the firm announced another […]
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Meta up nearly 3% in premarket as it plans mass layoff to offset increased AI spending
Arda Kucukkaya | Anadolu | Getty Images Meta stock was on the up before U.S. markets opened on Thursday following reports the company is planning to lay off over 20% of its workforce to balance its staggering AI spending plans this year. While the timing and details of the cuts had not been finalized, top […]
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Here are the 5 big things we’re watching in the stock market in the week ahead
The Federal Reserve’s latest interest rate decision, a batch of economic data, and several notable earnings reports are all on the docket this week. However, the biggest event for Wall Street will arguably be out in California, as Nvidia holds its influential AI technology conference. Well, that is what we would usually say heading into […]
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Meta planning sweeping layoffs as AI costs mount: Reuters
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks […]
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