Meta Platforms Inc
Apple punted on AI this year. Next year will be critical
Tim Cook, CEO of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 9, 2025. David Paul Morris | Bloomberg | Getty Images One of the biggest launches in Apple’s history is supposed to come next year, and it’s got nothing to do with hardware. The company […]
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Hyperscaler AI spending could slow down if Oracle shows ‘discipline’
CNBC’s Jim Cramer on Tuesday proposed that action from Oracle could slow down other hyperscalers’ enormous artificial intelligence spending, saying the OpenAI partner should show “discipline.” “Oracle already has a huge amount of debt. Their balance sheet’s not that good. At some point, they’ll heed the warning of the bond market and slow things down,” […]
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Tesla stock closes at record as investors rally around Musk’s robotaxi hype despite slow EV sales
What started off as a particularly rough year for Tesla investors is turning into quite the celebration. Following a 36% plunge in the first quarter, the stock’s worst period since 2022, Tesla shares have rallied all the way back, reaching an all-time closing high of $489.88, jumping 3.1% on Tuesday. They’re now up 21% for […]
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Sheryl Sandberg says corporate climate ‘one of the worst’ she has ever seen
Former Meta COO Sheryl Sandberg warned that public displays of misogyny and “tech bro” rhetoric are damaging corporate culture at the world’s biggest companies. “Rhetoric matters, who says what matters,” Sandberg told CNBC Senior Media & Tech Correspondent Julia Boorstin in the latest episode of the “CNBC Changemakers and Power Players” podcast. Sandberg’s comments come […]
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AI future: Big Tech faces key House vote on reforming permit process
Big Tech heavy hitters such as OpenAI, Meta, and Microsoft are pushing for Congress to advance legislation to reform the process for obtaining federal permits for projects to build out artificial intelligence infrastructure in the United States. Backers of the bill, the SPEED Act, argue it is key to helping the U.S. beat out China […]
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Instagram TV app coming to Amazon Fire streaming device
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode. Brandon Bell | Getty Images Instagram users will now be able to watch Reels short-form videos on bigger screens. Meta said Tuesday that the company will begin testing its Instagram for TV app in […]
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Analysts say a luxury eyewear giant could be the next AI winner
Key Points Smart glasses look to be the most important growth pillar for EssilorLuxottica in the medium term, Citi analysts said as they reiterated their buy rating. Luxottica is developing smart glasses with Meta that can play music, take photos, and translate, using a neural wristband to interact with the device through hand gestures. The […]
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AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide
Broadcom CEO Hock Tan. Lucas Jackson | Reuters In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom, CoreWeave and Oracle, three companies intimately tied to the AI infrastructure buildout, all had another rough day on Wall Street on Monday after selling off sharply last week. While the three […]
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Broadcom and Costco’s rich valuations leave little room for error as battleground stocks
Sometimes the stakes are so high, the degree of difficulty so immense, that it simply may be too hard to game. When that’s the case, no amount of formal research will help you fathom the stock implications. Yet, you have inherited the issues and they must be dealt with — or you are too at […]
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Global week ahead: Europe under fire
President Donald Trump’s verdict on Europe: a “decaying” group of nations led by “weak” people. His criticism in a recent Politico interview adds to a tough period for the bloc, with challenges on multiple fronts testing European leaders in the final weeks of the year. Next week looks set to be critical, with a high-stakes […]
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