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AI shopping could drive $263 billion in holiday sales. Walmart and Target are racing to get in
Holiday shopping has always felt like a “chore” for Amrita Bhasin. Between deciding what to buy, comparing prices and checking reviews, the 24-year-old retail tech CEO said she spent more than 15 hours each year buying gifts for her friends and family, a process that took the joy out of giving. But this year, Bhasin […]
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Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, Japan, on February 03, 2025. Tomohiro Ohsumi | Getty Images On Dec. 11, 2015, OpenAI launched as a nonprofit research lab after Elon Musk and a group of prominent […]
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Oracle’s lease commitments jump by almost 150% as company builds out to meet AI demand
Oracle CEO Clay Magouyrk, center, speaks on a media tour of the Stargate data center in Abilene, Texas, on Sept. 23, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US. Kyle Grillot | Bloomberg […]
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Don’t use Oracle and its challenges as a barometer for the many great AI stocks we own
The broader AI trade is back in the hot seat because of Oracle. It shouldn’t be. Oracle shares were getting crushed on Thursday following a quarterly sales miss, a disappointing guide, and a spending outlook increase. The magnitude of the stock decline was compounded by what management did not address on Wednesday evening’s conference call, […]
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Broadcom’s results are due after Thursday’s close — here’s what top analysts are expecting
The latest quarterly results from Broadcom , due after the market close Thursday, are expected to help signal where the artificial intelligence trade is headed. A look at Wall Street’s estimates for the three months ended Oct. 31 suggest strong momentum for Broadcom’s custom chips business, which has attracted several hyperscalers looking for alternatives to […]
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‘Big Short’ Steve Eisman is getting worried about the AI trade
Steve Eisman of “The Big Short” fame said he is starting to worry that the artificial intelligence boom may rest on shakier ground than investors assume. “The Real Eisman Playbook” podcast host and former Neuberger Berman senior portfolio manager said he encountered a theory suggesting that as large language models continue to scale, their performance gains […]
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The Fed’s hawkish cut, Oracle earnings, Coca-Cola’s next CEO and more in Morning Squawk
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know […]
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The exclusive WhatsApp chats where family offices vet deals, plan meetups and sell dinosaur bones
The mobile-messaging application WhatsApp is displayed on an Apple iPhone Brent Lewin | Bloomberg | Getty Images For investment firms of the ultra rich, WhatsApp is a one-stop shop for everything from vetting deals to finding the best surgeons. Sam Nallen Copley, an investment advisor at a London-based family office, runs a 970-person WhatsApp group […]
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Australia is trying to enforce the first teen social media ban. Governments worldwide are watching.
In this photo illustration, iPhone screens display various social media apps on the screens on February 9, 2025 in Bath, England. Anna Barclay | Getty Images News | Getty Images Australia on Wednesday became the first country to formally bar users under the age of 16 from accessing major social media platforms, a move expected […]
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Oracle’s AI-fueled debt load has investors on edge ahead of quarterly earnings
Oracle CEOs Clay Magouyrk and Mike Sicilia sit down with CNBC’s David Faber on Oct. 13, 2025. CNBC It’s been a rollercoaster year for Oracle investors, as they try to assess the strength of the software giant’s position in the artificial intelligence boom. The stock is up more than 30% for the year even after […]
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