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Facing questions on AI strategy, Tim Cook says Apple is 'very open' to acquisitions

cnbc.com Kif Leswing 2025-12-14 08:36:37

Tim Cook arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. Apple's AI strategy and investment was on the mind of analysts on an earnings call after the company reported third-quarter earnings that showed overall revenue grew by 10% year over year. While Apple was never going to announce major acquisitions or initiatives on an earnings call, CEO Tim Cook's remarks on Thursday confirm that the company i

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Figma's top VCs are sitting on $24 billion worth of stock after massive IPO pop

cnbc.com Ari Levy 2025-12-14 12:48:28

Figma Inc. signage during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. You can almost smell the bubbly wafting across Silicon Valley. Following Figma's blockbuster market debut on Thursday, four of the most iconic names in venture capital — Index Ventures, Greylock, Kleiner Perkins and Sequoia — are collectively sitting on roughly $24 billion worth of the design software vendor's stock. Until recently, there's b

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Apple shipped its 3 billionth iPhone

theverge.com Allison Johnson 2025-12-14 12:35:40

is a reviewer with over a decade of experience writing about consumer tech. She has a special interest in mobile photography and telecom. Previously, she worked at DPReview. Apple has been the target of a fair amount of criticism over the past year, from its AI missteps to a strong distaste for its new design ethos. But the numbers don’t lie, and if Apple knows how to do anything it’s sell iPhones. Specifically, three billion of them, as CEO Tim Cook announced on the company’s earnings call tod

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Figma’s stock soared in its highly anticipated IPO, market cap instantly hit $45B

techcrunch.com Julie Bort 2025-12-14 08:15:35

Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared so quickly that trading was halted for a short time due to market volatility. Within a minute of trading, its market cap hit $45 billion but the price spent the day bouncing between $101 and as high as $124. It closed at $115.50 and a $47 billion market cap, Yahoo Finance reports. The company and existing investors sold shares at the IPO price of $33 per share. Quite the pop. And after-market trading i

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Tim Cook: Apple just sold its three-billionth iPhone

9to5mac.com Chance Miller 2025-12-14 17:32:12

Apple reported its fiscal Q3 2025 earnings today, beating analyst expectations in key categories like revenue, earnings per share, iPhone revenue, and more. During a call with analysts today, Apple CEO Tim Cook revealed that Apple has just crossed another major milestone: shipping its three-billionth iPhone since its launch in 2007. For those keeping track at home, Apple shipped its one-billionth iPhone back in July 2016, nine years after the release of the first iPhone. At the time, Cook tout

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Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

9to5mac.com Marcus Mendes 2025-12-14 17:34:54

As part of the ongoing Q3 2025 earnings call, Apple CEO Tim Cook gave an update on how the U.S. tariff war is affecting the company’s business, and detailed what to expect during the next fiscal quarter if nothing changes. On the conference call, Cook said: “For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter, assuming the current global tariff rates, policies, and applications the balance of the quarter, and no new tariffs are adde

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Apple has now sold 3 billion iPhones

techcrunch.com Amanda Silberling 2025-12-14 17:35:04

Apple has sold 3 billion iPhones since the product was launched in 2007, Apple CEO Tim Cook said Thursday during the company’s third-quarter earnings call. It took Apple nine years to sell the billionth iPhone, a milestone the company reached in 2016. This implies that Apple sold 2 billion between 2016 and now — also a nine-year period — marking the product’s growing popularity. While Apple celebrates 3 billion iPhones sold, the company has struggled a bit in the stock market this year, as the

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Roblox stock soars 10% after revenue beat, strong user growth

cnbc.com Chris Eudaily 2025-12-14 22:01:33

Roblox stock soared 10% on Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year over year, and hours engaged at 27.4 billion, up 58%. StreetAccount expected 106 mil

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Amazon's gloomy earnings forecast overshadows better-than-expected results

cnbc.com Annie Palmer 2025-12-14 22:57:49

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. Amazon shares slid more than 3% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $1.68 vs. $1.33 estimated $1.68 vs. $1.33 estimated Revenue: $167.7 billion vs. $162.09 billion esti

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Apple reports biggest revenue growth since December 2021

cnbc.com Kif Leswing 2025-12-14 22:51:45

Apple CEO Tim Cook attends the world premiere of "F1" at Times Square in New York on June 16, 2025. Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue. iPhone sales grew 13% year-over-year and overall revenue grew 10% — Apple's largest quarterly revenue growth since December 2021. Apple shares were up about 3% in after-hours trading on Thursday. Here's how Apple did versus consensus estimates for the quarter ending June 28: Earnings

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Amazon's cloud business records 18% growth in second quarter

cnbc.com Jordan Novet 2025-12-14 22:14:46

Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 4, 2024. Amazon's cloud group grew recorded revenue growth of 18% in the second quarter, slightly ahead of analysts' estimates. Amazon Web Services continues to lead the cloud infrastructure market, but is facing intensifying pressure from Microsoft and Google , as all three companies ramp up investments in artificial intelligence to take advantage of booming demand. Microsoft and Google reported b

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Amazon set to report earnings: AI and tariffs are key to the second quarter

cnbc.com Annie Palmer 2025-12-15 03:32:45

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.09 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff a

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Figma more than triples in NYSE debut after selling shares at $33

cnbc.com Jordan Novet 2025-12-15 08:10:52

Figma 's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO. The big opening pop is the latest indication that the tech IPO market has reopened following a multi-year lull that began in early 2022, when inflation was soaring and interest rates were on the rise. So far this year, online bank Chime , stablecoin issuer Circle and artificial intelligence infrastructure provider CoreWeave have hit the market

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Figma’s stock soars in its highly anticipated IPO, market cap instantly hits $45B

techcrunch.com Julie Bort 2025-12-15 08:15:35

Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared so quickly that trading was halted for a short time due to market volatility. The price is currently bouncing between $101 and $112 with a mid-day market cap of $45 billion, Yahoo Finance reports. The company and existing investors sold shares at the IPO price of $33 per share. Quite the pop. There has been so much demand for this stock that people on X are posting funny pictures of their orders being

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Amazon earnings primer: Why AI and tariffs are key to the second quarter

cnbc.com Annie Palmer 2025-12-15 17:11:09

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.1 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff an

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Arm stock tumbles on chip designer's muted profit forecast

cnbc.com Annie Palmer 2025-12-15 22:42:57

Shares of Arm Holdings plunged 12% on Thursday after the chip designer offered muted guidance for earnings. Second-quarter adjusted earnings will be between 29 cents and 37 cents per share, Arm said late Wednesday. Wall Street had projected 35 cents per share. The company forecast second-quarter revenue of $1.01 billion to $1.11 billion, which was in line with consensus estimates of $1.05 billion. The concerning outlook was amplified by commentary from Arm CEO Rene Haas, who indicated the com

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Microsoft becomes the second $4 trillion company

theverge.com Tom Warren 2025-12-15 22:56:07

is a senior editor and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Microsoft’s stock price has risen so much today that it has passed a $4 trillion market valuation for the first time in its 50-year history. The software maker is the second company to be valued at $4 trillion, after Nvidia reached a market cap of over $4 trillion earlier this month. Microsoft has reached this milestone thanks to better-than-expected earnings, and the company

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Roblox stock soars 16% after revenue beat, strong user growth

cnbc.com Chris Eudaily 2025-12-16 03:01:59

Roblox stock soared 16% Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year-over-year, and hours engaged at 27.4 billion, up 58% year-over-year. StreetAccount expe

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Figma CEO says AI superintelligence is not a looming threat to the company

cnbc.com Annie Palmer 2025-12-16 03:30:57

Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn't pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets. "We're in this moment where you might, if you're singularity-pilled, go, 'Hey, superintelligence is coming and it'll be able to do things that no human can do," Field told CNBC's "Squawk Box." "I have a harder time believing that we're going to approach that really quickly right now, b

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OpenAI to launch AI data center in Norway, its first in Europe

techcrunch.com Rebecca Bellan 2025-12-16 03:54:37

OpenAI said Thursday that it plans to launch Stargate Norway, its first AI data center in Europe, in partnership with British AI cloud infrastructure provider Nscale and Norwegian energy infrastructure firm Aker. Nscale will design and build the site, and it will be a 50/50 joint venture between the two companies. OpenAI will be an “off-taker” in the project, buying capacity from the data center. The announcement comes as Europe races to achieve AI sovereignty and invest in data centers and co

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Meta, Microsoft roar higher on strong earnings as AI spending booms

cnbc.com Ashley Capoot 2025-12-16 08:50:53

Shares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines. Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club. Both Meta and Microsoft have been investing heavily in artificial intelligence infrastructure in recent years, and the companies said they expect to continue to shell out billions in capital expenditures. Meta said capital expenditures will ra

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Figma prices IPO at $33, above expected range

cnbc.com Jordan Novet 2025-12-16 20:04:49

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma is aiming to take ad

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Meta's big AI spending blitz will continue into 2026

cnbc.com Jonathan Vanian 2025-12-16 22:02:15

Meta CEO Mark Zuckerberg plans to continue his company's artificial intelligence spending blitz well into the next year as rival tech giants do the same. Zuckerberg told analysts Wednesday during a second-quarter earnings call that AI's rapid pace of progress has informed much of Meta's recent business decisions, including the company's $14.3 billion June investment into the data-annotating startup Scale AI as part of a revamped AI strategy involving a wave of high-profile hires. AI's swift ad

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Microsoft stock pops 9% on earnings beat as Azure annual revenue tops $75 billion

cnbc.com Jordan Novet 2025-12-17 08:46:53

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 9% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

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EBay stock surges on earnings beat, rosy guidance

cnbc.com Annie Palmer 2025-12-17 08:16:07

Shares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period. Here's how the company did in the second quarter compared to analyst estimates compiled by LSEG. Earnings per share: $1.37 adjusted vs. $1.30 expected $1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected GMV, or the dollar value of items sold, grew 6% year ove

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Microsoft stock pops 8% on earnings beat as Azure annual revenue tops $75 billion

cnbc.com Jordan Novet 2025-12-17 12:51:17

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 8% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

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Arm shares dip 8% on revenue miss

cnbc.com Jennifer Elias 2025-12-17 12:17:47

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Arm Holdings shares dipped as much as 9% in after-hours trading on the company's first-quarter earnings results Wednesday. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : 35 cents vs. 35 cents expected : 35 cents vs. 35 cents expected Revenue: $1.05 billi

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Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates

techcrunch.com Rebecca Bellan 2025-12-17 12:31:42

Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said. That’s an aggressi

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Meta shares climb 10% on revenue beat, raised forecast

cnbc.com Jonathan Vanian 2025-12-17 17:52:10

Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. Meta shares jumped as much as 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $7.14 vs. $5.92 expected : $7.14 vs. $5.92 expected Revenue: $47.52 vs. $44.80 billi

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Microsoft's stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

cnbc.com Jordan Novet 2025-12-17 17:48:42

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. Microsoft shares jumped 7% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73

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Latest Tech News

Facing questions on AI strategy, Tim Cook says Apple is 'very open' to acquisitions

Figma's top VCs are sitting on $24 billion worth of stock after massive IPO pop

Apple shipped its 3 billionth iPhone

Figma’s stock soared in its highly anticipated IPO, market cap instantly hit $45B

Tim Cook: Apple just sold its three-billionth iPhone

Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

Apple has now sold 3 billion iPhones

Roblox stock soars 10% after revenue beat, strong user growth

Amazon's gloomy earnings forecast overshadows better-than-expected results

Apple reports biggest revenue growth since December 2021

Amazon's cloud business records 18% growth in second quarter

Amazon set to report earnings: AI and tariffs are key to the second quarter

Figma more than triples in NYSE debut after selling shares at $33

Figma’s stock soars in its highly anticipated IPO, market cap instantly hits $45B

Amazon earnings primer: Why AI and tariffs are key to the second quarter

Arm stock tumbles on chip designer's muted profit forecast

Microsoft becomes the second $4 trillion company

Roblox stock soars 16% after revenue beat, strong user growth

Figma CEO says AI superintelligence is not a looming threat to the company

OpenAI to launch AI data center in Norway, its first in Europe

Meta, Microsoft roar higher on strong earnings as AI spending booms

Figma prices IPO at $33, above expected range

Meta's big AI spending blitz will continue into 2026

Microsoft stock pops 9% on earnings beat as Azure annual revenue tops $75 billion

EBay stock surges on earnings beat, rosy guidance

Microsoft stock pops 8% on earnings beat as Azure annual revenue tops $75 billion

Arm shares dip 8% on revenue miss

Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates

Meta shares climb 10% on revenue beat, raised forecast

Microsoft's stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

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