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Jim Cramer: Amazon spending looks painful but it’s not a reason to sell the stock
Jim Cramer is urging Amazon investors to remain patient and trust the cloud and e-commerce company’s massive spending strategy despite the evident risks it poses to profits. “I have total faith,” Jim said on Friday’s “Squawk on the Street.” “[Amazon CEO Andy Jassy] knows how to do this. So, I believe, and I’m not bolting.” […]
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OpenAI executives were on a tear this week trying to quell critics
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Ahead of the Super Bowl on Sunday, OpenAI has been busy playing defense. CEO Sam Altman and a wave of senior […]
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Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable
The tech industry’s surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC’s “Halftime Report.” “The reason for that is because all of these companies’ cash flows are going to start rising,” Huang said. Nvidia shares were up 7% during trading Friday. Huang’s comments come after […]
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Big Tech sees over $1 trillion wiped from stocks as fears of AI bubble ignite sell-off
Big Tech companies have seen over $1 trillion wiped from their market cap over the past week, as fears over AI spending sparked a sell-off. Microsoft, Nvidia, Oracle, Meta, Amazon and Alphabet all saw their shares fall in the week up to market close on Thursday, as the companies’ earnings reports signaled huge continued capex […]
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CNBC Daily Open: Amazon one-ups its rivals on capex spending, but investors are already worried over AI valuations
People walk by the exhibit for Amazon Web Services (AWS) at National Retail Federation (NRF) 2026: Retail’s Big Show, in New York City, U.S., Jan. 12, 2026. Kylie Cooper | Reuters Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant […]
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AI fears pummel software stocks: Is it ‘illogical’ panic or a SaaS apocalypse?
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic’s new AI tools, built for its Claude “Cowork” AI agent, are designed to handle complex professional workflows that […]
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CNBC Daily Open: Amazon’s projected capex dwarfs that of its peers — which have already spooked markets
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant plunged more than 11% in […]
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Amazon learns a tough lesson in a market bailing on tech. Why we must be patient
Amazon shares plummeted Thursday evening after the tech giant revealed a $200 billion capital expenditures plan for this year. Additionally, management’s current quarter profit forecast miss overshadowed what was otherwise a generally good final quarter of 2025. Revenue increased 14% year over year to $213.39 billion, beating expectations for $211.33 billion, according to estimates compiled […]
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How exposed are software stocks to AI tools? We put vibe-coding to the test
Software, legal services and video games stocks have been selling off in recent weeks on fears that new AI features and tools could wipe them out. But how real is that threat? We decided to find out. CNBC’s Deidre Bosa and I used Anthropic’s AI coding tool “Claude Code” with the goal of creating a […]
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Warren to call for reversal of Trump’s UAE chip sales after ‘Spy Sheikh’ revelations
Sen. Elizabeth Warren (D-MA) (L), and Sheikh Tahnoon bin Zayed Al Nahyan Getty Image | Reuters Sen. Elizabeth Warren, D-Mass., will ask the Senate on Thursday to condemn and call for the reversal of the sale of 500,000 advanced artificial intelligence chips to the United Arab Emirates. Warren’s resolution, shared exclusively with CNBC, comes after […]
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