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Here are 3 forces that drove the stock market during Wall Street’s comeback week
The stock market staged a comeback last week, even as Wall Street waded through a flurry of both upbeat and unsettling headlines. The Nasdaq broke its five-week losing streak on Friday, buoyed by strong advances from our big tech names like Meta Platforms , Nvidia and Amazon . The tech-heavy index ended the week 1.9% […]
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Chaos, confusion and $200 billion dreams: What I saw at India’s AI summit
CNBC’s Arjun Kharpal sits down with OpenAI CEO Sam Altman at the AI Impact Summit. Photo: Yolande Chee Yolande Chee India hosted one of the world’s biggest AI events this week, but it was marred by chaos and confusion, apparently not the message it’s trying to send as it strives to become a leading artificial […]
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Tech giants commit billions to Indian AI as New Delhi pushes for superpower status
Tech giants have committed to funneling hundreds of billions of dollars into Indian AI efforts, against the backdrop of a major summit in the country that’s brought together world leaders and AI execs. Record sums are being ploughed into AI as governments and companies across the globe race to roll out the technology. Hyperscalers — […]
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OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030
Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI is telling investors that it’s now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments. The artificial intelligence company is providing a […]
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Microsoft gaming chief Phil Spencer retires, replaced by ex-Instacart exec Asha Sharma
Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Franziska Krug | German Select | Getty Images Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company faces increased challenges in its Xbox business. […]
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Traders brace for Trump’s new tariff plan, possible Iran attack and Nvidia earnings
Wall Street next week is bracing for President Donald Trump’s new tariff plan following Friday’s Supreme Court ruling, at the same time as traders scan for escalating tensions with Iran and look ahead to Nvidia ‘s latest financial results. Stocks swung between gains and losses on Friday after the high court ruled that Trump wrongfully […]
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Jim Cramer says this hot tech stock can help solve America’s energy problems
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks reversed higher after the Supreme Court on Friday struck down the bulk of President Donald Trump’s tariffs . The S & P 500 had been down earlier in […]
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The Tech Download: China’s AI surge — real threat or hype?
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Most of the world’s population could be running on a Chinese tech stack in five to 10 years, one analyst told CNBC’s “Squawk Box Europe” earlier this week. The U.S.’ “perceived monopoly” on tech and AI has been […]
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Who’s laughing now? China’s humanoid robots go from viral stumbles to kung fu flips in one year
Robots taking part in a martial arts performance at the 2026 Spring Festival Gala in Beijing, China on February 16, 2026. Vcg | Visual China Group | Getty Images Chinese humanoid robots are having a moment in the spotlight after a standout performance at the country’s annual Spring Festival Gala earlier this week, with videos […]
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Who’s laughing now? China’s humanoid robots go from viral stumbles to kung fu flips in one year
Robots taking part in a martial arts performance at the 2026 Spring Festival Gala in Beijing, China on February 16, 2026. Vcg | Visual China Group | Getty Images Chinese humanoid robots are having a moment in the spotlight after a standout performance at the country’s annual Spring Festival Gala earlier this week, with videos […]
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