Articles from www.cnbc.com

Articles from www.cnbc.com

Shares of SK Hynix and Samsung surge more than 20% in Seoul on Friday, marking a sharp reversal from this week's sell-off (www.cnbc.com)
4 hours ago Samsung

Chip stocks rallied Thursday after strong Microsoft and Lam Research earnings: Lam Research closed up 18%, Micron 18%, Sandisk 26%, Arm 7%, AMD 13%, Intel 11% (www.cnbc.com)
4 hours ago Microsoft Intel AMD

Coinbase reports Q2 revenue down 19% YoY to $1.2B, vs. $1.3B est., stablecoin revenue below est., and a wider-than-expected loss; COIN drops 6%+ after hours (www.cnbc.com)
8 hours ago Coinbase

Reddit reports Q2 revenue up 61% YoY to $805M, vs. $730M est., forecasts Q3 revenue above est., says search referrals were “choppy”; RDDT drops 6%+ after hours (www.cnbc.com)
9 hours ago Reddit

Amazon reports Q2 ad revenue up 26% YoY to $19.81B, vs. $19.43B est., and subscription services revenue up 12% YoY to $13.73B (www.cnbc.com)
10 hours ago Amazon

Sources: Leopold Aschenbrenner's Situational Awareness has sold all of its public stock holdings after losses on AI stocks and a bad bet against software stocks (www.cnbc.com)
15 hours ago AI

Samsung reports Q2 revenue up 130% YoY to ~$118.1B, vs. ~$118.9B est., and operating profit up 1,814% to ~$61.46B, vs. ~$60.68B est., on robust AI demand (www.cnbc.com)
1 day ago Samsung AI

In an internal meeting, OpenAI finance chief Sarah Friar told employees that the company's annualized recurring revenue in July was higher than in Q2 as a whole (www.cnbc.com)
1 day ago

Meta reports Reality Labs Q2 revenue up 16% YoY to $431M, vs. $423.4M est., and a $4.62B operating loss, vs. $5.07B estimated (www.cnbc.com)
1 day ago

Microsoft reports Q4 Azure and other cloud services revenue up 43% YoY, vs. 40% est., and says Azure revenue in FY 2026 exceeded $100B for the first time (www.cnbc.com)
1 day ago Microsoft 4Q

SK Hynix reports Q2 revenue up 257% YoY to ~$54.34B, below ~$57.56B est., and operating profit up 557% YoY to ~$41.48B, below analyst estimate of ~$43.85B (www.cnbc.com)
2 days ago

eBay and several ex-executives agree to pay a $56M settlement to resolve a 2021 civil case involving the 2019 stalking and harassment of two e-commerce bloggers (www.cnbc.com)
3 days ago eBay

Filing: Shein says its US business is under FTC investigation and it is “cooperating”, without giving specifics, as the company prepares for an IPO in Hong Kong (www.cnbc.com)
3 days ago Hong Kong IPO

Source: Sam Altman will meet with senior US officials, lawmakers, and economists in Washington, DC, this week to preview OpenAI's upcoming family of AI models (www.cnbc.com)
4 days ago AI

NBCU and YouTube reach a multiyear deal to include all Peacock content in YouTube Premium subscriptions in the US starting in early 2027 (www.cnbc.com)
4 days ago YouTube

CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most valuable China-listed company (www.cnbc.com)
4 days ago China Shanghai

The US, China, and other APEC economies release a statement supporting open models, while emphasizing respect for security, data protection, and IP rights (www.cnbc.com)
6 days ago China APEC

Trump says the US will initiate a probe into the EU's practice of “robbing” US tech giants with fines, threatening the bloc with “substantial” tariffs (www.cnbc.com)
6 days ago Trump

In their letter defending open-weight AI, tech companies urge lawmakers to avoid “premature restrictions” that “stifle competition or drive innovation overseas” (www.cnbc.com)
6 days ago AI

Amazon tells third-party sellers to label product ads with AI-generated people to comply with a NY law requiring the disclosure of “synthetic performers” in ads (www.cnbc.com)
7 days ago Amazon AI

Ukraine ratchets up its attacks on warehouses of Russian e-commerce giant Wildberries, signaling a new phase in the war as it seeks to hamper Russia's economy (www.cnbc.com)
7 days ago Russia Ukraine

Oracle wins a 10-year software contract with the Pentagon worth up to $7B; the contract covers the use of Oracle software in on-premises data centers (www.cnbc.com)
7 days ago Oracle Pentagon

Tesla stock closed down 14.52% and Alphabet closed down 6.89% after they signaled increased AI spending, amid worries about the mounting costs of the AI boom (www.cnbc.com)
7 days ago AI Tesla Alphabet

Intel reports Q2 revenue up 25% YoY to $16.1B, vs. $14.42B est., its fastest sales growth in ~15 years on “unprecedented” demand; INTC jumps 10%+ after hours (www.cnbc.com)
7 days ago Intel

Reddit's stock closed down 8.32% after a report that the company was considering ending Google's access to its content for AI training; RDDT is down ~27% YTD (www.cnbc.com)
8 days ago Google AI Reddit

IBM reports Q2 revenue up 1% YoY to $17.2B, vs. $17.6B est., infrastructure revenue down 7% to $3.8B, Z mainframe revenue down 42%, and lowers its 2026 forecast (www.cnbc.com)
8 days ago IBM

TSMC forecasts “several years” of margin dilution as overseas fab projects ramp up; the company has announced $200B in investment into US manufacturing (www.cnbc.com)
9 days ago Manufacturing

Federal lobbying disclosures: Anthropic spent $1.97M in Q2, up 26% QoQ, and OpenAI spent $1.2M, up 18%; Meta remained the largest spender at $5.99M, down 15% (www.cnbc.com)
9 days ago

Google says Gemini 3.6 Flash delivers better coding, knowledge work, and multimodal performance while reducing output token usage by up to 17% vs. 3.5 Flash (www.cnbc.com)
9 days ago Google

US Treasury Secretary Scott Bessent says the Trump administration is looking into Chinese AI models over distillation claims and it could “sanction them” (www.cnbc.com)
9 days ago Trump China AI

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