Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images The value of Tesla’s brand lost $15.4 billion, about 36%, in 2025, marking a third-straight annual decline, according to research and consulting firm Brand…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Today we tell you about the five-year anniversary of the meme stock frenzy, which has me thinking it’s finally time to watch “Dumb Money.” S&P 500 futures are little changed. The three major indexes are coming off a winning day….
As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it’s turning to a 175-year-old glass manufacturer for help. Meta has committed to paying Corning up to $6 billion through 2030 for fiber-optic cable in its AI data centers, Corning CEO Wendell Weeks told CNBC in an exclusive…
Sheldon Cooper | Lightrocket | Getty Images Pinterest said Tuesday it plans to lay off less than 15% of its workforce and cut back on office space as the company embraces artificial intelligence. In a securities filing, Pinterest said it expects the cuts will be complete by the end of its third quarter in late…
From left, Mark Zuckerberg, CEO of Meta Platforms; Lauren Sanchez; Jeff Bezos, founder of Amazon.com; Sundar Pichai, CEO of Alphabet; and Elon Musk, CEO of Tesla, during the 60th presidential inauguration in the rotunda of the Capitol in Washington, Jan. 20, 2025. Julia Demaree Nikhinson | Bloomberg | Getty Images If 2025 was the year…
The TikTok logo is displayed at a TikTok office on Jan. 23, 2026 in Culver City, California. Mario Tama | Getty Images TikTok’s U.S. app, now under majority American ownership, said a recent wave of glitches and content disruption was due to a power outage at one of its data centers, pushing back against claims…
A general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Micron Technology on Tuesday committed approximately $24 billion to expand its wafer manufacturing operations in Singapore, as the American memory chipmaker moves to expand production amid global shortages. In a press release, Micron said the investment would add…
Students at a tech university in Dublin are enjoying an unexpected perk of artificial intelligence — it’s helping heat their campus. Since 2023, the Technical University of Dublin’s Tallaght campus has been one of a growing number of buildings in the southwest suburban area of the city to be heated by waste heat from a…
Nvidia on Monday revealed another $2 billion investment in neocloud poster child CoreWeave — the latest in a continuing effort by CEO Jensen Huang to support companies that are enabling what he calls the “five-layer cake” of the artificial intelligence buildout. Monday’s announcement is aimed at helping AI infrastructure company CoreWeave develop more than five…
TikTok users have been deleting the app at a higher rate since the company announced that its U.S. operations would be housed in a new joint venture. The short-form video platform’s daily average app uninstalls in the U.S. have increased nearly 150% over the past five days compared with the previous three months, market intelligence…
