Meta CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images | Reuters The more than 20,000 potential job cuts Meta and Microsoft revealed on Thursday, months after Amazon announced its most widespread layoffs ever, may only be the beginning. The same companies that are collectively spending hundreds of billions of dollars a year…
We are selling 25 shares of Broadcom at roughly 418.57. Following the trade, Jim Cramer’s Charitable Trust will own 365 shares of AVGO, decreasing its weighting in the portfolio to roughly 4% from 4.30%. Semiconductor stocks are having another strong day in the market, thanks to Intel’s positive commentary about central processing unit (CPU) demand…
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Congratulations to the NFL’s first-round draft picks. CNBC’s Alex Sherman spoke to No. 1 pick Fernando Mendoza ahead of his big night. Stock futures are mixed this morning after a negative day for all three major indexes. Here are five…
Meta CEO Mark Zuckerberg attends the UFC 326 event at T-Mobile Arena in Las Vegas on March 7, 2026. Chris Unger | Ufc | Getty Images Around 3.6 billion people use Meta’s applications every day, and the social networking company will be operating 32 data centers to handle the load with the completion of a…
The aerospace and defense trade is taking investors deeper into space and exchange-traded funds want a part of it. VettaFi’s Cinthia Murphy told CNBC’s “ETF Edge” this week there are now more ETFs tackling the space theme more directly — listing the Procure Space ETF (UFO) and Global X Defense Tech ETF (SHLD) as examples….
Audi’s electric SUV, the E7X, will begin presales on May 8. The vehicle will incorporate AI features from ByteDance’s Doubao and iFlyTek. Evelyn Cheng | CNBC BEIJING — Chinese tech giant Alibaba said Friday that its Qwen artificial intelligence model will be integrated into vehicles from automakers including BYD and a local joint venture of…
CNBC’s Jim Cramer said Thursday investors should look beyond the market’s hottest trades and start hunting for opportunities in areas that have already been beaten down. “I want to praise the other parts of the market … that have been marked down already, which makes them less vulnerable,” the “Mad Money” host said. With the…
Haviv Ilan, president and chief executive officer of Texas Instruments (TI), speaks during a ribbon-cutting ceremony for the grand opening of Texas Instruments’ (TI) new semiconductor wafer plant in Sherman, Texas, US, on Wednesday, Dec. 17, 2025. Desiree Rios | Bloomberg | Getty Images Texas Instruments headed for its best day on Wall Street since…
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues…
