Articles from www.cnbc.com

Articles from www.cnbc.com

Honor pledges $10B in AI investments over the next five years and demos a proof of concept AI agent, powered by Gemini 2, that can book restaurant reservations (www.cnbc.com)
2025-3-3 AI

Filings: CFPB employees say the agency's Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency (www.cnbc.com)
2025-3-1 Trump

The SEC says that most memecoins are not securities, are akin to collectibles, and memecoin purchasers and holders are not protected by federal securities laws (www.cnbc.com)
2025-2-28

Sources: Meta plans to launch a standalone Meta AI app in Q2 and test a paid subscription service for Meta AI, as Zuckerberg tries to make Meta the leader in AI (www.cnbc.com)
2025-2-28 AI Zuckerberg

Nvidia CEO Jensen Huang says next-generation AI models will need 100 times more compute than older models as a result of new reasoning approaches (www.cnbc.com)
2025-2-28 AI Nvidia

Meta apologizes and says it had fixed an “error” that resulted in some Instagram users seeing violent and graphic content in their Reels recommendations (www.cnbc.com)
2025-2-28 Instagram

Stripe announces a tender offer for staff and shareholders that values it at $91.5B, down from $95B in 2021, and reports 2024 payment volume up 38% YoY to $1.4T (www.cnbc.com)
2025-2-28

Nvidia reports Q4 revenue up 78% YoY to $39.33B, vs. $38.05B est., Data Center revenue up 93% to $35.6B, and FY 2025 revenue up 114% to $130.5B (www.cnbc.com)
2025-2-27 4Q Nvidia

AppLovin's stock falls 10%+ after two short sellers released reports questioning the integrity of the company's AI-powered AXON ad software (www.cnbc.com)
2025-2-27 AI

Super Micro files its delayed financial results with the US SEC just in time to meet the Nasdaq's listing deadline; SMCI jumps 16%+ after hours (www.cnbc.com)
2025-2-26

Chegg sues Google, saying AI Overviews hurt its traffic and revenue, as it mulls strategic options including getting acquired; CHGG drops 20%+ after hours (www.cnbc.com)
2025-2-25 Google AI

Robinhood says it received a letter from the SEC stating the agency is dropping its investigation into Robinhood Crypto, a sign of regulatory change under Trump (www.cnbc.com)
2025-2-25 Trump

Block shares closed down 17.69% on February 21, their steepest drop since 2020, after Q4 earnings missed est. and guidance for 2025 failed to reassure investors (www.cnbc.com)
2025-2-22 4Q

Coinbase says the US SEC agreed “in principle” to drop its 2023 case against the company, calling it “righting a major wrong”; COIN jumps 5% pre-market (www.cnbc.com)
2025-2-22 Coinbase

Filing: Meta approves raising executives' annual bonuses to 200% of base salary, up from 75%, as most employees' annual stock options are reportedly cut by ~10% (www.cnbc.com)
2025-2-21

Block reports Q4 revenue up 4.5% YoY to $6.03B vs. $6.29B est., gross profit up 14% to $2.31B, Cash App gross profit up 16% to $1.38B; XYZ drops 6%+ after hours (www.cnbc.com)
2025-2-21 4Q

Amazon surpassed Walmart in quarterly sales for the first time during the most recent quarter, with a revenue of $187.8B compared to Walmart's $180.5B (www.cnbc.com)
2025-2-21 Amazon Walmart

OpenAI COO Brad Lightcap says the company hit 400M weekly active users in February 2025, up from 300M in December 2024, and 2M paying enterprise customers (www.cnbc.com)
2025-2-21

Cambridge, MA-based OpenEvidence, which offers an AI chatbot to help physicians, raised $75M from Sequoia at a $1B valuation, its first outside funding round (www.cnbc.com)
2025-2-20 AI chatbot

Baseten, which helps companies launch open-source or customized AI models, raised $75M led by IVP and Spark Capital at a $825M valuation and claims 100+ clients (www.cnbc.com)
2025-2-20 AI

Intel shares close up 16.1% following a February 15 report that both Broadcom and TSMC are potentially weighing deals that could break the chipmaker in two (www.cnbc.com)
2025-2-19 Intel

Zelle's payment volume crossed $1T in 2024, the most ever for a P2P platform, user base jumped 12% YoY to 151M accounts, and the total dollars sent grew 27% YoY (www.cnbc.com)
2025-2-15 P2P

Filing: Trump Media reports 2024 revenue down 12% YoY to $3.6M and a $400M net loss, up from $58.2M in 2023; the company has a $6.6B market cap (www.cnbc.com)
2025-2-15 Trump

Sources: Mark Zuckerberg's overtures to President Trump have unsettled employees and are part of an effort to shift antitrust scrutiny off Meta and onto Apple (www.cnbc.com)
2025-2-15 Trump Apple Zuckerberg

Coinbase reports Q4 revenue up 138% YoY to $2.27B, vs. $1.88B est., transaction revenue up 194% to $1.56B, vs. $1.29B est., and trading volume up 185% to $439B (www.cnbc.com)
2025-2-14 4Q Coinbase

AppLovin reports Q4 revenue up 44% YoY to $1.37B, vs. $1.26B est., net income up 248%, ad revenue up 73%, and Q1 guidance above est.; APP jumps 27%+ after hours (www.cnbc.com)
2025-2-13 4Q

Cisco reports Q2 revenue up 9% YoY to $13.99B, vs. $13.87B est., net income down 8% to $2.43B, and FY 2025 guidance above estimates; CSCO jumps 5%+ after hours (www.cnbc.com)
2025-2-13 Cisco

Reddit reports Q4 revenue up 71% YoY to $428M, vs. $405M est., and daily active uniques up 39% YoY to 101.7M, vs. 103.1M est.; RDDT drops 13%+ after hours (www.cnbc.com)
2025-2-13 4Q Reddit

SoftBank posts a surprise Q3 net loss of ~$2.4B on ~$12.04B revenue, vs. $12.1B est., as the Vision Fund, after two profitable quarters, reports a ~$2.04B loss (www.cnbc.com)
2025-2-12

Super Micro forecasts FY 2026 revenue above est. and is “confident” it will file its delayed annual report by the Feb. 25 deadline; SMCI jumps 7%+ after hours (www.cnbc.com)
2025-2-12

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