Technology
BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.
BlackRock is seeing a shift among Big Tech investors. Jay Jacobs, the firm’s U.S. head of equity ETFs, finds they’re going for targeted themes like artificial intelligence. “One of the biggest trades we’re seeing this year is simply people leaving the traditional tech sector and getting more granular into AI-specific ETFs, like BAI [the iShares […]
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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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Trump puts extra 100% tariff on China imports, adds export controls on ‘critical software’
U.S. President Donald Trump points a finger as he 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., U.S., Oct. 8, 2025. Evelyn Hockstein | Reuters President Donald Trump on Friday said the United States would […]
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Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April
Jensen Huang, CEO of Nvidia, speaking with CNBC’s Jim Cramer during a CNBC Investing Club with Jim Cramer event at the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Shares of Amazon, Nvidia and Tesla each dropped around 5% on Friday, as tech’s megacaps lost $770 billion in market cap, following […]
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Govini, a defense tech startup taking on Palantir, hits $100 million in annual recurring revenue
Govini, a defense tech software startup taking on the likes of Palantir, has blown past $100 million in annual recurring revenue, the company announced Friday. “We’re growing faster than 100% in a three-year CAGR, and I expect that next year we’ll continue to do the same,” CEO Tara Murphy Dougherty told CNBC’s Morgan Brennan in […]
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We tested OpenAI’s Sora 2 video generator to find out why Hollywood is freaking out
The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators. Sora allows users to generate short videos for free by typing in a prompt. The app is only available on iOS devices and is limited to invitees, meaning people need a code to access […]
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Applied Digital stock climbs 16% as AI demand fuels data center growth
Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. Here’s how the company did compared to LSEG estimates: Loss per share: Loss of 7 cents vs. a loss of 13 cents […]
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Rocket Lab’s stock set for 20% gain this week after flurry of new launch deals
Rocket Lab shares have added more than a quarter in value this week as the aerospace company inked new launch deals in the burgeoning space tech industry. The stock was flat on Friday, but has surged over 20% this week. Shares were up nearly 50% over the last two weeks and traded near fresh highs […]
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China opens antitrust probe into the U.S. chip giant Qualcomm
Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto | Getty Images Qualcomm shares slipped on Friday after Chinese regulators said they would investigate the American tech giant’s acquisition of chip firm Autotalks, ramping up […]
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