Meta Platforms Inc
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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Here are 4 major moments that drove the stock market last week
The S & P 500 ran into a brick wall Friday and finished the week lower, just one day after closing at a record high. The rotation out of tech stocks, which supported the Dow , was on full display. The across-the-board rally on Wednesday after the Federal Reserve cut interest rates for the third […]
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Broadcom tumbles 11% despite blockbuster earnings as ‘AI angst’ weighs on Oracle, Nvidia
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom’s quarterly results and guidance sailed past Wall Street estimates. It didn’t matter. The chipmaker’s shares plummeted 11% on Friday, on pace for their worst day since January, as investors ran for the exits on the artificial intelligence trade. Oracle dropped 4% a day after plunging 10% […]
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Jim Cramer says buy the sharp decline in Broadcom. Here’s why
CNBC’s Jim Cramer told investors on Friday to buy the sharp, post-earnings sell-off in Broadcom shares. “This company is on fire,” Cramer said on ” Squawk on the Street ,” pointing to the custom chipmaker’s long list of notable clients, including Alphabet , Meta Platforms , ByteDance-owned TikTok, and Anthropic. The stock sank nearly 11% […]
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