Articles from www.cnbc.com

Articles from www.cnbc.com

Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56% (www.cnbc.com)
19 days ago

Nvidia reports Q3 revenue up 62% YoY to $57.01B, vs. $54.92B est., Data Center revenue up 66% to $51.2B, and net income up 65% to $31.9B (www.cnbc.com)
19 days ago Nvidia

OpenAI announces ChatGPT for Teachers, designed for K-12 educators and school districts, and says it will be free to K-12 educators in the US through June 2027 (www.cnbc.com)
20 days ago

Perplexity plans to roll out a free agentic shopping product for US users next week in partnership with PayPal (www.cnbc.com)
20 days ago

NetEase says 2M+ people played martial arts game Where the Winds Meet in the 24 hours after its global release, as Chinese companies' cultural influence expands (www.cnbc.com)
20 days ago China

Amazon's Zoox announces that users in San Francisco can now sign up for its Zoox Explorers program to take free rides in its robotaxis in select neighborhoods (www.cnbc.com)
20 days ago Amazon San Francisco

Source: Microsoft's and Nvidia's investments in Anthropic push its valuation to the range of $350B, up from its $183B valuation after raising $13B in September (www.cnbc.com)
21 days ago Microsoft Nvidia

Klarna reports Q3 revenue up 26% YoY to $903M, above $882M est., a $95M net loss, and expects $1B+ revenue in Q4, in its first post-IPO earnings release (www.cnbc.com)
21 days ago IPO 4Q

Arm and Nvidia announce that Arm-based Neoverse CPUs will be able to integrate with AI accelerators using Nvidia's NVLink Fusion tech (www.cnbc.com)
21 days ago AI Nvidia

Eric Gillespie, the founder of Govini whose AI software is used by the US military, was arrested last week for allegedly soliciting pre-teens for sexual contact (www.cnbc.com)
21 days ago AI

Pro-AI super PAC Leading the Future targets NY State Assemblymember Alex Bores, co-sponsor of the RAISE Act, a bill imposing safety and disclosure requirements (www.cnbc.com)
22 days ago AI

Filing: Berkshire Hathaway discloses a $4.3B stake in Alphabet in Q3, a surprising move given Warren Buffett's reluctance toward high-growth, tech-driven stocks (www.cnbc.com)
24 days ago Warren Buffett Berkshire Alphabet

JPMorgan Chase secures deals with fintech middlemen, like Plaid, covering 95%+ of third-party data pulls, and will receive payment for access to customer data (www.cnbc.com)
25 days ago Fintech JPMorgan

StubHub reports Q3 revenue up 8% YoY to $468.1M, vs. $452M est., gross merchandise sales up 11% to $2.43B; STUB drops 5%+ after hours (www.cnbc.com)
25 days ago

Cursor says it has crossed $1B in annualized revenue, has 300+ employees, and its in-house models “generate more code than almost any other LLMs in the world” (www.cnbc.com)
26 days ago

Sources: xAI has raised $15B, adding $5B to the $10B reported in September, which valued the startup at $200B (www.cnbc.com)
26 days ago Startup

Boston-based Code Metal, which uses AI to help engineers translate code into other languages, raised a $36.5M Series A led by Accel at a $250M valuation (www.cnbc.com)
26 days ago AI

Cisco reports Q1 revenue up 8% YoY to $14.88B, vs. $14.77B est., net income up 5% to $2.86B, and forecasts Q2 revenue above est.; CSCO jumps 5%+ after hours (www.cnbc.com)
26 days ago Cisco

Anthropic plans to spend $50B on a US infrastructure buildout, starting with data centers in Texas and New York in partnership with Fluidstack, opening in 2026 (www.cnbc.com)
27 days ago New York Texas

Coinbase plans to move its incorporation from Delaware to Texas, saying Delaware “once provided companies with consistency” but now has “unpredictable outcomes” (www.cnbc.com)
27 days ago Texas Coinbase

Foxconn reports Q3 revenue of $66.3B, in line with estimates, net profit up 17% YoY to $1.86B, vs. $1.63B exp., says it expects significant YoY growth in Q4 (www.cnbc.com)
27 days ago 4Q

CoreWeave closed down 16% after its CEO admitted delays at a data center developer that Jim Cramer implied may be Core Scientific; CORZ closed down 10% (www.cnbc.com)
27 days ago

Oura CEO Tom Hale says the Finnish company expects “maybe close” to $2B in sales in 2026, up from $1B in 2025, and there is “no news on an IPO” (www.cnbc.com)
28 days ago IPO Finland

CoreWeave reports Q3 revenue up 134% YoY to $1.36B, vs. $1.29B est., and a net loss of $110M, down from $360M a year ago; CRWV is up 164% since its March IPO (www.cnbc.com)
28 days ago IPO

Majestic Labs, which makes patent-pending server architecture that promises more memory capacity, raised $100M, including a $71M Series A led by Bow Wave (www.cnbc.com)
29 days ago

Investment in subsea cable projects is expected to reach $13B between 2025 and 2027, almost 2x the amount invested between 2022 and 2024, driven by AI buildout (www.cnbc.com)
30 days ago AI

1Password CEO David Faugno says the company has crossed $400M in ARR, up from $250M in 2023, as it benefits from a shift in the threat landscape due to AI (www.cnbc.com)
2025-11-8 AI

Chinese startup Moonshot releases Kimi K2 Thinking, an open-source model it claims beats GPT-5 in agentic capabilities; source: the model cost $4.6M to train (www.cnbc.com)
2025-11-7 China Startup

Airbnb reports Q3 revenue up 10% YoY to $4.1B, vs. $4.08B est., Nights and Seats booked up 9% to 133.6M, vs. 131.75M est., forecasts Q4 revenue above estimates (www.cnbc.com)
2025-11-7 Airbnb 4Q

DoorDash's stock fell 17%+ on Thursday, marking its worst trading day ever, amid concerns over its 2026 spending plans for new products like autonomous delivery (www.cnbc.com)
2025-11-7

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