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Stocks making the biggest moves midday: Axe Compute, AST SpaceMobile, United Airlines, GE Vernova & more
Check out the companies making the biggest moves midday: Calix — The AI and cloud platform tumbled 16% after the company warned of margin headwinds for the year, overshadowing better-than-expected results for the first quarter. TE Connectivity — Shares of the electrical components maker shed 12% after the company’s second-quarter guidance underwhelemed investors. TE sees […]
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Adobe tries to climb out of the software stock abyss, with a little help from a buyback and Jensen Huang
Adobe could be crawling its way out of the software stock abyss, after a buyback and an endorsement from Nvidia CEO Jensen Huang revived confidence in the digital media provider. Shares of Adobe, the owner of Photoshop and other tools, have been punished lately, plunging 40% below their May 2025 high and into a bear […]
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Nvidia backs AI company Vast Data at $30 billion valuation
Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among those backing the AI company. Founded in 2016, Vast makes software infrastructure for managing large amounts of data, with a focus on AI applications. The company says it supports projects powering millions of GPUs. Customers include CoreWeave, […]
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Google unveils chips for AI training and inference in latest shot at Nvidia
Google CEO Sundar Pichai gestures during a meeting with France’s President Emmanuel Macron on the sidelines of the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images After years of producing chips that can both train artificial intelligence models and handle inference work, Google is separating those […]
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CNBC Daily Open: Trump looks to mitigate tariff, geopolitical blowback
US President Donald Trump speaks in the State Dining Room of the White House in Washington, DC, US, on Tuesday, April 21, 2026. Daniel Heuer | Bloomberg | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump has extended the […]
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SpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for ‘our work together’
A SpaceX Falcon 9 rocket is displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on March 26, 2026. Patrick T. Fallon | Afp | Getty Images SpaceX said it’s struck a deal with artificial intelligence startup Cursor, obtaining the right to acquire the company for $60 billion later this year, or to […]
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Apple’s elevation of silicon head Johny Srouji signals sprint to build in-house chips for all devices
In naming hardware boss John Ternus as its new CEO on Monday, Apple also announced another key promotion that may be almost as significant in gauging the company’s direction. Taking over for Ternus as head of hardware will be Johny Srouji, who leads the team that makes Apple’s in-house chips. Apple created a new title […]
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Michael and Susan Dell to donate $750 million to UT Austin to fund new medical campus
Michael Dell, chairman and CEO of Dell Technologies, speaks during CNBC’s Invest In America Forum in Washington, April 15, 2026. Aaron Clamage | CNBC Michael and Susan Dell announced Tuesday that they have committed $750 million to the University of Texas at Austin that will fund the development of a new medical center and research […]
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Volkswagen announces voice AI in its Chinese cars from later this year
Key Points German automaker announced it would incorporate AI agents that allow humans to control car features with voice commands into its cars in China. CTO Thomas Ulbrich told CNBC that the in-car AI agent would draw on tech from Tencent, Alibaba and Baidu. Volkswagen has invested heavily in China in recent years, with stakes […]
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CNBC Daily Open: Tim Cook finds the new Apple of his eye
Apple’s John Ternus speaks during Apple’s annual worldwide developer conference (WWDC) in San Jose, California, June 5, 2017. Stephen Lam | Reuters Hello, this is Hui Jie writing to you from Singapore, while Leonie is away preparing for CNBC’s CONVERGE LIVE event, featuring names like former Canadian PM Justin Trudeau and Capital Group CEO Mike […]
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