Articles from www.cnbc.com

Articles from www.cnbc.com

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)
2025-11-11 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)
2025-11-11

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)
2025-11-9 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

David Sacks says there will be “no federal bailout for AI”, as the US has at least five major AI companies and “if one fails, others will take its place” (www.cnbc.com)
2025-11-7 AI

Datadog's stock jumps 20%+ after reporting Q3 revenue up 28% YoY to $885.7M, above $852.8M est., and forecasting Q4 revenue at $912M-$916M, above $877M est. (www.cnbc.com)
2025-11-7 4Q

OpenAI CFO Sarah Friar clarifies the startup is not seeking a government “backstop” for its infrastructure deals, saying her use of the word “muddied the point” (www.cnbc.com)
2025-11-7 Startup

Duolingo stock falls 25%+ after saying it expects bookings to range between $329.5M and $335.5M this quarter, falling short of a $344.3M estimate (www.cnbc.com)
2025-11-7

Google says Ironwood, its seventh-gen TPU, will launch in the coming weeks and is more than 4x faster than its sixth-gen TPU; it comes in a 9,216-chip config (www.cnbc.com)
2025-11-7 Google

Sens. Mark Warner and Josh Hawley introduce a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts (www.cnbc.com)
2025-11-6 AI

Figma reports Q3 revenue up 38% YoY to $274.2M, vs. $265.2M est., adjusted operating margin of 12%, vs. 6.5% est., and forecasts Q4 revenue above estimates (www.cnbc.com)
2025-11-6 4Q

Robinhood reports Q3 revenue up 100% YoY to $1.27B, vs. $1.19B est., transaction-based revenue up 129% to $730M, vs. $739M est., and net income up 271% to $556M (www.cnbc.com)
2025-11-6

DoorDash reports Q3 revenue up 27% YoY to $3.45B, vs. $3.36B est., and total orders up 21% to 776M, vs. 770.13M est.; DASH drops 18%+ after hours (www.cnbc.com)
2025-11-6

Qualcomm reports Q4 revenue up 10% to $11.27B, vs. $10.79B est., handsets revenue up 14% to $6.96B, and forecasts Q1 revenue above estimates (www.cnbc.com)
2025-11-6 4Q

Snap reports Q3 revenue up 10% YoY to $1.51B vs. $1.49B est., DAUs up 8% to 477M vs. 476M est., and announces a $500M share buyback; SNAP jumps 23%+ after hours (www.cnbc.com)
2025-11-6

Pinterest shares dropped 20% on Wednesday after forecasting Q4 revenue below estimates as advertising took a hit from retailers dealing with tariffs (www.cnbc.com)
2025-11-6 4Q

Armis, which helps businesses secure and manage IoT devices, raised $435M at a $6.1B valuation, up from $4.2B after raising a $200M Series D in October 2024 (www.cnbc.com)
2025-11-5 IoT

Shares of Asian AI-linked companies fall, tracking declines in US peers, as investors worry about stretched valuations; SoftBank falls 9%+, Advantest 7%+ (www.cnbc.com)
2025-11-5 AI

Pinterest reports Q3 revenue up 17% YoY to $1.05B, MAUs up 12% to 600M, vs. 590M est., but forecasts Q4 revenue below est.; PINS drops 13%+ after hours (www.cnbc.com)
2025-11-5 4Q

Perplexity AI accuses Amazon of “bullying” after receiving “an aggressive legal threat” demanding Comet not make purchases on users' behalf (www.cnbc.com)
2025-11-5 Amazon AI

Nintendo reports Q2 revenue of $3.7B, vs. ~$3B est., and net profit of ~$667M, vs. ~$412M est.; it now expects 19M Switch 2 sales by March 2026, up from 15M (www.cnbc.com)
2025-11-4 Nintendo

Palantir reports Q3 revenue up 63% YoY to $1.18B, vs. $1.09B est., US government revenue up 52% to $486M, and forecasts Q4 revenue above estimates (www.cnbc.com)
2025-11-4 4Q

Lambda announces a multibillion-dollar agreement with Microsoft for AI infrastructure powered by Nvidia chips; the specific deal value was not disclosed (www.cnbc.com)
2025-11-4 Microsoft AI Nvidia

As part of the AWS deal, OpenAI says it will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia GPUs in the US (www.cnbc.com)
2025-11-4 Nvidia

MongoDB CEO Dev Ittycheria is stepping down after 11 years, replaced by Cloudflare President of Product & Engineering Chirantan Desai, effective November 10 (www.cnbc.com)
2025-11-4

Microsoft AI chief Mustafa Suleyman says only biological beings can be conscious and it “would be absurd to pursue research” about AI consciousness (www.cnbc.com)
2025-11-3 Microsoft AI

Baidu says its Apollo Go robotaxi hit 250,000 weekly orders globally as of October 31, matching Waymo's 250,000 weekly paid US rides reported in April 2025 (www.cnbc.com)
2025-11-3

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