Articles from www.cnbc.com

Articles from www.cnbc.com

An inside look at TSMC's $20B Arizona fab, which the company says is “dang near back” on schedule and will produce 4nm chips at a rate of 20K wafers per month (www.cnbc.com)
2024-12-15

Cantor Fitzgerald settles US SEC charges for $6.75M over disclosures before its SPACs merged with smart glass maker View and geospatial data company Satellogic (www.cnbc.com)
2024-12-14

MicroStrategy, Palantir, and Axon will join the Nasdaq 100 index, effective before the market open on December 23; Super Micro will be removed from the index (www.cnbc.com)
2024-12-14

Private-credit firm Sixth Street commits $4B in capital for Affirm to underwrite short-term installment loans of between four and six months (www.cnbc.com)
2024-12-14

Broadcom shares jump 20%+ a day after the company reported Q4 results that showed strong AI revenue growth, pushing its market cap beyond $1T for the first time (www.cnbc.com)
2024-12-14 AI 4Q

ServiceTitan's shares closed up 42.25% at $101 in its Nasdaq debut, giving the company a market cap of about $8.9B after it raised around $625M in its IPO (www.cnbc.com)
2024-12-13 IPO

Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, forecasts Q1 revenue just above est.; AVGO jumps 9%+ after hours (www.cnbc.com)
2024-12-13 AI 4Q

Sublime, which uses AI to scan emails of companies and political campaigns for phishing attacks, raised a $60M Series B, taking its total raised to $93.8M (www.cnbc.com)
2024-12-13 AI

ServiceTitan, which offers cloud software to contractors, prices its IPO at $71 per share, above the expected range, raising ~$625M and valuing it at ~$6.3B (www.cnbc.com)
2024-12-12 IPO

The Nasdaq closes up 1.8% to pass 20,000 for the first time, pushing the tech-heavy index up 33% for the year; Alphabet, Amazon, and Meta close at record highs (www.cnbc.com)
2024-12-12 Amazon Alphabet

Oracle reports Q2 revenue up 9% YoY to $14.06B, vs. $14.1B est., says it made a deal with Meta for training Llama models on its cloud; ORCL down 6%+ after hours (www.cnbc.com)
2024-12-10 Oracle

Q&A with Trump's pick for FCC chairman Brendan Carr about the Salt Typhoon hack, Section 230, tech companies' “collusion to suppress speech”, Starlink, more (www.cnbc.com)
2024-12-7 Trump

Intel adds former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi to its board; both have significant semiconductor manufacturing experience (www.cnbc.com)
2024-12-6 Intel Manufacturing

Waymo says it will expand its fleet into Miami in 2025 with human safety drivers and plans to open up paid rides to local users via its Waymo One app by 2026 (www.cnbc.com)
2024-12-6

Amazon is rolling out a Buy with AWS button that software companies can add to their websites as a way for customers with AWS accounts to pay for services (www.cnbc.com)
2024-12-5 Amazon

Anduril and OpenAI partner to deploy advanced AI systems for national security missions, focusing on “improving the nation's counter-unmanned aircraft systems” (www.cnbc.com)
2024-12-5 AI

Trump plans to nominate former SEC Commissioner Paul Atkins as SEC chair, keeping with his promise for a crypto-friendly administration (www.cnbc.com)
2024-12-5 Trump

Okta reports Q3 revenue up 14% YoY to $665M, $651M in subscription revenue, above $635M est., and expects Q4 revenue above est.; OKTA jumps 16%+ pre-market (www.cnbc.com)
2024-12-4 4Q

Founders Fund's Brian Singerman, one of the earliest employees of Peter Thiel's VC firm and best known for investments in SpaceX and Anduril, steps down as a GP (www.cnbc.com)
2024-12-4 SpaceX

OpenAI hires its first chief marketing officer, Kate Rouch, who joined Coinbase in 2021 to lead global marketing and PR and previously spent 11+ years at Meta (www.cnbc.com)
2024-12-4 Coinbase

Salesforce reports Q3 revenue up 8% YoY to $9.44B, vs. $9.35B est., net income up 25% YoY to $1.5B, and issues Q4 guidance above est.; CRM jumps 6%+ after hours (www.cnbc.com)
2024-12-4 4Q Salesforce CRM

Apple says it's using Amazon's Trainium and Graviton chips to serve search services and is evaluating if Tranium2 chips can be used to pre-train its AI models (www.cnbc.com)
2024-12-4 Amazon AI Apple

Twitch creator Kai Cenat completed a “subathon”, streaming 24 hours a day for 30 days, breaking Twitch subscriber records with ~727,700 subscribers in November (www.cnbc.com)
2024-12-3

Reddit COO Jen Wong says ~50% of current users are located outside the US, and the company is developing new search tools to simplify navigation on Reddit (www.cnbc.com)
2024-11-28 Reddit

US police are testing Axon's Draft One, an AI tool that generates police reports directly from Axon's bodycam audio, with 75 officers in Colorado and elsewhere (www.cnbc.com)
2024-11-28 AI

Huawei's HarmonyOS NEXT in Mate 70 series of smartphones is the company's first fully self-developed OS that reportedly no longer uses open-source Android code (www.cnbc.com)
2024-11-27 Android

Sources: OpenAI is letting current and former staff sell ~$1.5B worth of restricted stock in a new tender offer to SoftBank in a deal spurred by Masayoshi Son (www.cnbc.com)
2024-11-27

Dell Q3: revenue up 10% YoY to $24.4B, vs. $24.67B est., Infrastructure Solutions Group up 34% driven by AI sales, net income up 12%; DELL drops 6% after hours (www.cnbc.com)
2024-11-27 AI

Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., net income of $207.1M, up from $141.2M, and changes its corporate name to Zoom Communications Inc. (www.cnbc.com)
2024-11-26

Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help (www.cnbc.com)
2024-11-24 Startup

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