Andy Jassy said Amazon’s massive spending on artificial intelligence isn’t something investors should fear — it’s exactly why they’ll be rewarded over time. “We believe that AI is the biggest technology transformation in our lifetimes,” the CEO said on “Mad Money.” “It’s going to reinvent every single customer experience we know and altogether new ones…
Nurphoto | Nurphoto | Getty Images OpenAI sales leader James Dyett said on Monday that he’s leaving his role, the latest in a string of high-profile departures at the artificial intelligence company. Dyett joined OpenAI in 2023, right as the company underwent a period of explosive growth following the launch of its ChatGPT chatbot. His…
Palantir reported first-quarter results on Monday that sailed past analysts’ expectations, and also issued guidance that topped estimates. Here’s how the company did compared to analyst estimates as compiled by LSEG: Earnings per share: 33 cents adjusted vs. 28 cents expected Revenue: $1.63 billion vs. $1.54 billion expected Palantir’s revenue grew about 85% in the…
Key Points CNBC’s Jim Cramer said AMD still has significant upside, arguing AI-driven demand for CPUs will keep pushing the stock higher. Cramer was responding to HSBC’s downgrade of AMD to hold from buy. CNBC’s Jim Cramer pushed back on a downgrade of Advanced Micro Devices , saying the stock still has meaningful upside as…
Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Anthropic said Monday it is partnering with private equity giants Goldman Sachs and Blackstone to launch a $1.5 billion firm aimed at…
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSE Shares of Circle surged after lawmakers over the weekend struck a compromise on the market structure bill known as the CLARITY Act, preserving stablecoin reward programs under certain conditions. On Friday, key language in…
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., on Thursday, March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Meta is back in a New Mexico courthouse on Monday as part of an ongoing child safety…
Elon Musk arrives at the federal courthouse during proceedings in the trial over his lawsuit against OpenAI in Oakland, California, on April 30, 2026. Josh Edelson | Afp | Getty Images Two days before Elon Musk’s multi-billion-dollar lawsuit against OpenAI was slated to head to trial, Musk texted the company’s president, Greg Brockman, to gauge…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. Congratulations to Golden Tempo on winning the Kentucky Derby. However, as a financial journalist, I felt inclined to root for Emerging Market. Stock futures are falling this morning. The market is coming off a winning week. Here are five key…
Nikolas Kokovlis | Nurphoto | Getty Images Artificial intelligence chipmaker Cerebras aims to raise as much as $3.5 billion by going public on the Nasdaq. The company is looking to sell 28 million shares, for $115 to $125 each, according to an updated prospectus it filed on Monday. At that range, Cerebras could be worth…
