Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI chips needed to power and develop more advanced AI systems. Samuel Boivin | Nurphoto | Getty Images Anthropic on Wednesday said it experienced elevated error rates across…
Tesla cars charge at a Tesla Supercharger station in Pasadena, California, March 30, 2026. Justin Sullivan | Getty Images Tesla stock rose more than 6% on Wednesday after UBS analysts upgraded their rating on the stock from sell to hold, and increased their price target by about a dollar to $352. Flipping from a previously…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning, and happy Tax Day. As of last week, the average tax refund this year is more than 10% higher than the same time a year ago, according to IRS data. S&P 500 futures are little changed this morning after the…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The major averages were mixed Wednesday. The blue-chip Dow was down about 200 points, but the S & P 500 was higher by roughly 0.3%. Leading the way is…
OpenAI has abandoned plans to rent compute capacity directly from a Norwegian data center, days after confirming it paused a similar project in the U.K. Microsoft is taking the extra compute previously earmarked for OpenAI at a planned 230MW “Stargate Norway” facility in Narvik. OpenAI is now in discussions to rent capacity from Microsoft instead,…
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence. Shares of the company were up as much as 200% pre-market. The company announced that it’s…
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Shares of Samsung SDS surged as much as 21.3% on Wednesday after global private equity firm KKR agreed to invest 1.22 trillion won ($820 million) of…
CNBC’s Jim Cramer said investors who fled the market during recent volatility may be grappling with a familiar realization that the worst-case scenarios driving their decisions never materialized. “What we have is a rally that appears to be based on nothing,” said the “Mad Money” host on Tuesday. “But in reality, it’s based on the…
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Kraken co-CEO Arjun Sethi said Tuesday that the crypto exchange has confidentially filed for a U.S. initial public offering, confirming CNBC’s previous reporting on the matter. Sethi’s comments were made at the Semafor World Economy conference in Washington, D.C.,…
Evercore ISI is jumping on the Sandisk bandwagon, initiating coverage of the stock with an outperform rating and $1,200 price target. That implies 26% upside from Monday’s close. However, its bull case has the stock surging to $2,600 — a 173% jump. The flash memory storage company has been on a tear this year, already…
