Oracle CEO Clay Magouyrk appears on a media tour of the Stargate AI data center in Abilene, Texas, on Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Oracle on Friday pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather…
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom’s quarterly results and guidance sailed past Wall Street estimates. It didn’t matter. The chipmaker’s shares plummeted 11% on Friday, on pace for their worst day since January, as investors ran for the exits on the artificial intelligence trade. Oracle dropped 4% a day after plunging 10%…
Rivian CEO RJ Scaringe at the company’s first “Autonomy and AI Day” on Dec. 11, 2025, in Palo Alto, California. Lora Kolodny | CNBC Rivian Automotive impressed Wall Street on Thursday with its plans for artificial intelligence, automation and an internally developed silicon chip, but significant challenges involving demand and capital remain for the electric…
CNBC’s Jim Cramer told investors on Friday to buy the sharp, post-earnings sell-off in Broadcom shares. “This company is on fire,” Cramer said on ” Squawk on the Street ,” pointing to the custom chipmaker’s long list of notable clients, including Alphabet , Meta Platforms , ByteDance-owned TikTok, and Anthropic. The stock sank nearly 11%…
FILE PHOTO: A Broadcom logo and a computer motherboard appear in this illustration taken August 25, 2025. Dado Ruvic | Reuters This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Chip types The S&P 500 and…
U.S. artificial intelligence names were in negative territory in premarket trading on Friday, extending losses into their third day. Oracle was 1.3% lower in premarket trading, Nvidia and Micron fell 0.9%, and CoreWeave was down 1.4% at 4:30 a.m. ET. The share price of cloud computing and database software maker Oracle plummeted on Thursday, ending the…
Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | Getty Images The S&P 500 and Dow Jones Industrial Average advanced on Thursday, with both hitting fresh closing records. The Russell 2000 index also ended the session at a new high, following the…
Sopa Images | Lightrocket | Getty Images Reddit, the popular community-focused forum, has launched a legal challenge against Australia’s social media ban for teens under 16, arguing that the newly enacted law is ineffective and goes too far by restricting political discussion online. In its application to Australia’s High Court, the social news and aggregation platform…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Dec. 11, 2025. Jeenah Moon | Reuters The S&P 500 and Dow Jones Industrial Average advanced on Thursday, with both hitting fresh closing records. The Russell 2000 index also ended the session at a new high, following…
A Broadcom sign is pictured as the company prepares to launch new optical chip tech to fend off Nvidia in San Jose, California, U.S., September 5, 2025. Brittany Hosea-small | Reuters Broadcom revealed during a September earnings call that it had signed a customer that had placed a $10 billion order for custom chips. At…
