Anthropic has been experiencing significant growth, a rapid rise driven largely by enterprise demand for its AI systems. Roughly 80% of the company’s business now comes from enterprise customers, Anthropic CEO Dario Amodei told CNBC back in February, a contrast to its rival OpenAI whose products have drawn much of their early momentum from consumer adoption of ChatGPT. Its annual…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are solidly higher even as the war in Iran continues. It’s been a volatile few days, yet in afternoon trading Wednesday, the S & P…
Nvidia founder and CEO Jensen Huang speaks about the Vera Rubin AI platform at the annual Consumer Electronics Show in Las Vegas, Jan. 6, 2026. Patrick T. Fallon | Afp | Getty Images Nvidia CEO Jensen Huang said the company’s recent $30 billion investment in OpenAI “might be the last time” it invests in the…
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman…
A sign hangs outside of a Target store on Feb. 10, 2026 in Chicago, Illinois. Scott Olson | Getty Images MINNEAPOLIS — Target customers will soon see changes on the retailer’s shelves, as the company tries to woo back shoppers during a turnaround effort that has started to catch Wall Street’s eye. Among those shifts,…
Billionaire trader Leo KoGuan revealed he just bought 1 million shares of Nvidia , expanding his artificial intelligence bet beyond Tesla — the electric vehicle maker that helped make him one of its most prominent individual shareholders. KoGuan said in posts on X that he purchased the shares earlier this week and plans to buy…
Alphabet has quietly become one of the highest-quality, cash-flow franchises in the technology sector just as geopolitical uncertainty is beginning to drive capital toward companies with strong balance sheets. With tensions escalating in the Middle East and markets focused on downside protection, investors are rotating toward businesses that generate resilient free cash flow. Alphabet now…
Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry’s battle against U.S. banks over yield-bearing stablecoins — adding to momentum the firms were already feeling from bitcoin‘s bounce. Coinbase was last up more than 12%. Other digital asset firms such as Strategy and Circle jumped…
High-end luxury sports car makers, like the rest of the auto industry, are starting to figure out how big demand is for electric vehicles. Lamborghini has said there is nearly no market for electric supercars. But fellow luxury carmaker Ferrari is pressing ahead with an EV, although it has also downsized its EV plans. The…
Disney’s cruise line is going big in Asia. This month, the company’s eighth and largest ship, the Disney Adventure, will embark on its maiden voyage, carrying passengers on three- and four-night journeys at sea from its berth in Singapore. The vessel accommodates a whopping 6,700 passengers, around two-thirds more capacity than Disney’s Wish class ships,…
