Oracle Corp
OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals
Sam Altman didn’t set out to compete with Nvidia. OpenAI began with a simple bet that better ideas, not better infrastructure, would unlock artificial general intelligence. But that view shifted years ago, as Altman realized that more compute, or processing power, meant more capability — and ultimately, more dominance. On Monday morning, he unveiled his […]
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Disney has considered a co-CEO structure to replace Bob Iger. Its history may make that a bad idea
Dana Walden and Josh D’Amaro. Michael Buckner | Errich Petersen | Getty Images As 2025 enters its final months, Disney inches closer to the announcement the entire entertainment industry has been waiting for — who will take over for Bob Iger as the company’s next CEO. Disney has publicly stated it will name Iger’s successor […]
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CNBC Daily Open: A chance for peace in the Middle East and the U.S.-China trade war
U.S. President Donald Trump gestures as he poses next to a sign before a family photo at a world leaders’ summit on ending the Gaza war, amid a U.S.-brokered prisoner-hostage swap and ceasefire deal between Israel and Hamas, in Sharm el-Sheikh, Egypt, Oct. 13, 2025. Suzanne Plunkett | Reuters This might not be Christmas, but […]
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Oracle CEO Magouyrk: ‘Of course’ OpenAI can pay $60 billion per year for cloud infrastructure
Oracle CEO, Clay Magouyrk, sits down with CNBC’s David Faber on Oct. 13, 2025. CNBC Oracle CEO Clay Magouyrk, one of the two people tapped last month to lead the software company, is confident that OpenAI will be able to cover the costs of the massive amount of cloud infrastructure services it consumes. In an […]
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How Broadcom’s big OpenAI deal fits into the data center boom and what it means for the AI trade
Kicking off the week with a bang, OpenAI announced another massive data center buildout partnership. This time with Club name and custom semiconductor industry leader Broadcom. Shares of Broadcom soared as much as 10.7% on Monday after the two companies revealed that they have been working for 18 months on custom-designed chips optimized for inference, […]
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Meta shares have been stuck. Here’s why one analyst just got more optimistic
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 Monday’s key moments. 1. Stocks are rebounding Monday, recovering roughly half of Friday’s losses triggered by President Trump’s surprise threat of a massive tariff increase on China. Over the weekend, Trump softened his […]
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OpenAI’s dominance is unlike anything Silicon Valley has ever seen
OpenAI DevDay Ashley Capoot | CNBC Virtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It’s part of daily life for an entrepreneur. But the company at the center of the current boom is a different kind […]
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Navan sets price range for IPO, expects market cap of up to $6.5 billion
FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe’s big innovation conference, Alte Kongresshalle, Munich. Picture Alliance for DLD | Hubert Burda Media | AP Navan, a developer of corporate travel and expense software, expects its market cap to be as high as $6.5 billion in its IPO, according to an […]
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Stocks making the biggest moves midday: Oracle, Ferrari, Delta, Albemarle and more
Check out the companies making the biggest moves in midday trading: Oracle — Shares of the software company rose more than 3% on Thursday after Baird initiated coverage with a outperform rating and a $365 price taget. The firm said Oracle has a strong position in the artificial intelligence growth story. The stock has had […]
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AMD’s deal with OpenAI gives Nvidia much-needed challenger in market it dominates
Lisa Su, CEO of AMD, left, and Jensen Huang, CEO of Nvidia Benoit Tessier | Ritzau Scanpix | Mads Claus Rasmussen | Reuters In the 1990s, when Intel dominated the PC chip market, the semiconductor maker needed Advanced Micro Devices to exist as a viable No. 2 to help avoid being charged with monopolistic behavior. […]
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