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Mattel misses Wall Street estimates as North American sales sink
The Mattel, Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Barbie-maker Mattel posted third-quarter results after the market close on Tuesday that missed analysts’ expectations as ongoing global […]
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$500 purple cables put this little-known company in the middle of the AI boom
A demo setup of racks of AI servers connected with Credo cables, displayed at the Open Compute Summit in San Jose, California. Credo In July, Elon Musk posted photos from inside an xAI data center called Colossus 2, which the artificial intelligence startup aims to turn into a massive supercomputing facility in Memphis, Tennessee. Musk’s […]
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Oracle stock drops 7% as some skeptics question lofty AI targets
Oracle’s extended rally, which has been driven by the company’s increasingly central position in the artificial intelligence boom, hit pause on Friday, with the stock tumbling 7%, its worst day since January. The slide came a day after the software company revealed a long-term outlook, boosted by AI, at an analysts’ meeting that was part […]
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Ray-Ban maker EssilorLuxottica says Meta smart glasses are boosting growth
Meta Ray-Ban Gen 2 AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images EssilorLuxottica said a healthy amount of its revenue growth in the third quarter was due to its partnership with Meta, primarily from its Ray-Ban brand, to […]
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HPE stock sinks 10% on weak guidance for fiscal 2026
Antonio Neri, President and CEO of Hewlett Packard Enterprise. Anjali Sundaram | CNBC Hewlett Packard Enterprise shares sank 7% in extended trading on Wednesday after the company issued disappointing guidance for its fiscal 2026. At a meeting with analysts, HPE said its adjusted earnings per share for the year would be in the range of […]
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Apple wants more sports rights, change how broadcasts are done, Eddy Cue says
Eddy Cue, senior vice president of internet software and services at Apple Inc., arrives for a morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 11, 2018. Bloomberg | Bloomberg | Getty Images Apple services chief Eddy Cue said the iPhone maker would like to […]
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Apple announces new MacBook Pro, iPad Pro and Vision Pro with updated chip
The upgraded Apple Vision Pro features the powerful M5 chip, the comfortable Dual Knit Band, innovative features with visionOS 26, and all-new spatial apps and Apple Immersive content. Courtesy: Apple Inc. Apple announced new MacBook Pro, iPad Pro and Vision Pro models on Wednesday with an updated M5 chip that allows them to run faster […]
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A guide to the $1 trillion-worth of AI deals between OpenAI, Nvidia and others
Many predict that the artificial intelligence boom will dramatically change how people live and work, and the scale and pace of recent AI deals seems to reflect this. At the center are a handful of companies that are increasingly turning to each other to finance and build out the necessary infrastructure. ChatGPT-maker OpenAI alone has […]
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Meta removes Facebook page allegedly used to target ICE agents after pressure from DOJ
U.S. Attorney General Pam Bondi speaks during a roundtable on “Antifa,” an anti-fascist movement he designated a domestic “terrorist organization” via executive order on September 22, at the White House in Washington, D.C., Oct. 8, 2025. Evelyn Hockstein | Reuters Meta removed a Facebook group page on Tuesday that was allegedly used to “dox and […]
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Oracle Cloud to deploy 50,000 AMD AI chips, signaling new Nvidia competition
Oracle Cloud Infrastructure on Tuesday announced that it will deploy 50,000 Advanced Micro Devices graphics processors starting in the second half of 2026. AMD shares climbed about 3% premarket. Oracle shares ticked slightly lower. The move is the latest sign that cloud companies are increasingly offering AMD’s GPUs as an alternative to Nvidia’s market-leading GPUs […]
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