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Tesla's stock erases loss for the year, soaring 85% from April low

cnbc.com Lora Kolodny 2025-09-23 13:40:32

Tesla's shares have finally turned positive for the year. After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President Donald Trump's announcement of sweeping new tariffs, Wall Street has again rallied around the electric vehicle maker. The stock rose 3.6% on Monday to $410.26, topping its closing price of 2024 by over $6. It's up 85% since bottoming for the year at $221.86 on April 4. A new filing revealed that CEO

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Oracle soars 30% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-01 13:31:27

Oracle shares spiked 30 % Wednesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected $1.47 adjusted vs. $1.48 expected Revenue: $14.93 billion vs. $15.04 billion expected Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug. 31, according to a s

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Broadcom’s stock pops on mystery $10 billion AI customer

cnbc.com Kif Leswing Ari Levy 2025-10-08 21:17:30

Broadcom reported fiscal third-quarter earnings that beat expectations and provided robust guidance for the current quarter. The stock rose in extended trading after the company said it had secured $10 billion in orders from a new client for custom chips. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share: $1.69 adjusted vs. $1.65 expected $1.69 adjusted vs. $1.65 expected Revenue: $15.96 billion vs. $15.83 billion expected Broadcom said it expects $17.4 billion

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Broadcom reports 63% jump in AI revenue as results beat estimates

cnbc.com Kif Leswing Ari Levy 2025-10-09 05:44:31

Broadcom reported fiscal third-quarter earnings that beat expectations and provided robust guidance for the current quarter. The stock was little changed in extended trading. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share: $1.69, adjusted, versus $1.65 expected $1.69, adjusted, versus $1.65 expected Revenue: $15.96 billion versus $15.83 billion expected Broadcom said it expects $17.4 billion in fourth-quarter revenue, higher than the $17.02 billion expected

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Trump’s move of SPACECOM to Alabama has little to do with national security

arstechnica.com Unknown 2025-10-09 13:59:09

President Donald Trump announced Tuesday that US Space Command will be relocated from Colorado to Alabama, returning to the Pentagon's plans for the command's headquarters from the final days of Trump's first term in the White House. The headquarters will move to the Army's Redstone Arsenal in Huntsville, Alabama. Trump made the announcement in the Oval Office, flanked by Republican members of the Alabama congressional delegation. The move will "help America defend and dominate the high fronti

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Figma's stock plunges after company's first earnings report since IPO

cnbc.com Jordan Novet 2025-10-11 13:44:04

Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe Inc. Figma shares plunged 13% in extended trading on Wednesday after the design software company reported re

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Trump is moving Space Command to Alabama

theverge.com Emma Roth 2025-10-14 01:44:24

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. President Donald Trump is moving US Space Command’s headquarters from Colorado to Alabama, he announced during a press conference on Tuesday. The change reverses former President Joe Biden’s 2023 decision to leave it in Colorado Springs, where its temporary head

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Affirm stock rises 10% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-18 05:08:36

In this article AFRM Follow your favorite stocks CREATE FREE ACCOUNT watch now Affirm stock popped 10% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. CEO Max Levchin told CNBC on "Money Movers" Friday that the company is "firing on all pistons." Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier. Net income w

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Affirm stock surges 12% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-19 01:03:48

Affirm stock popped 12% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq's 12% gain. CEO Max Levchin told CNBC on "Money Movers" Friday that the company is "firing on all pistons." Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year ear

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Affirm stock surges 20% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-19 09:42:47

Affirm stock popped 20% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq's 12% gain. Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier. Net income was $69.2 million for the quarter, compared with a loss of $45.1 million in the

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Dell shares fall on soft third-quarter earnings outlook

cnbc.com Kif Leswing 2025-10-20 13:22:07

A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023. Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance that below Wall Street's expectations. Here's how the systems integrator did versus LSEG consensus estimates: EPS : $2.32, adjusted vs. $2.30 estimated : $2.32, adjusted vs. $2.30 estimated Revenue: $29.78 billion vs. $29.17 billion estimated Dell

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US manufacturing investment stumbles as clean tech cancellations pile up

techcrunch.com Tim De Chant 2025-10-20 17:09:54

More clean tech manufacturing investments were canceled in the U.S. in the second quarter than were announced, according to a new study from the Rhodium Group and MIT. Companies canceled $5 billion worth of projects, while only $4 billion in new investments was announced. Actual clean tech manufacturing investments, not just announcements, declined by 15%, as well. The pullback comes in the wake of the GOP’s reconciliation bill, which erased key portions of the Inflation Reduction Act, a piece

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Nvidia's Huang touts 'full steam' AI spend while China uncertainty remains

cnbc.com Annie Palmer 2025-10-21 13:52:52

Nvidia stock fluctuated on Thursday as investors digested the company's latest earnings report, which signaled robust AI demand but provided little clarity on China. Sales surged 56% in the quarter to $46.74 billion, which was roughly in line Wall Street's projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, just topping the $1.01 per share estimated by analysts. The better-than-expected results were clouded by concerns over Nvidia's future in

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NVIDIA is (really) profiting from the AI boom

engadget.com Unknown 2025-10-21 17:30:44

NVIDIA has revealed that its revenue for the second quarter ending on July 27 rose 56 percent compared to the same period last year, and that's without shipping any H20 chips to China. It reported a revenue of $46.7 billion and a net income of $26.4 billion. As CNBC has noted, the company previously said that H20 shipments to China could have added $8 billion in sales to its second quarter figures. Instead, the company was only able to release $180 million worth of the chips to a customer outsid

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Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue

cnbc.com Kif Leswing 2025-10-21 21:38:26

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Shares pared the losses Thursday. Here's how the company did, compared with estimates

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Nvidia beats on top and bottom lines. Here's why the stock is falling

cnbc.com Kif Leswing 2025-10-22 17:59:02

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Here's how the company did, compared with estimates from analysts polled by LSEG: Ea

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Nvidia reports record sales as the AI boom continues

techcrunch.com Russell Brandom 2025-10-22 17:18:39

Nvidia, the world’s most valuable company, reported another quarter of sustained sales growth in its earnings statement Wednesday, with $46.7 billion in revenue, a 56% increase compared to the same period last year. That growth was largely fueled by AI-dominated data center business, which saw a 56% year-over-year increase in revenue. Nvidia also saw its net income grow substantially since last year. The company reported a net income of $26.4 billion in the second quarter, a 59% spike since the

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Nvidia beats on top and bottom lines as data center revenue surges 56%

cnbc.com Kif Leswing 2025-10-22 21:56:49

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock slipped in extended trading as data center revenue came up short of estimates for the second quarter in a row. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $1.05 adjusted vs. $1.01 estimated :

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Okta raises forecast as CEO says economic conditions were ‘better than we thought’

cnbc.com Jordan Novet 2025-10-25 00:18:24

Okta shares rose 4% in extended trading on Tuesday after the identity software maker reported fiscal results that exceeded Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 84 cents expected 91 cents adjusted vs. 84 cents expected Revenue: $728 million vs. $711.8 million expected Okta's revenue grew about 13% year over year in the fiscal second quarter, which ended on July 31, according to a statement. Net income

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Nvidia faces Wall Street's high expectations two years into AI boom

cnbc.com Kif Leswing 2025-10-28 16:46:08

It's been two years since the explosion of generative artificial intelligence started to transform Nvidia's business. Since then, the chipmaker's revenue has more than tripled and profits have quadrupled. Nvidia 's fiscal second-quarter earnings report, scheduled for Wednesday, will mark the second anniversary of growth, as the company shifted from being known as a maker of gaming chips to its current position at the heart of the technology industry. Last month, Nvidia became the first company

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Workday beats estimates but CEO warns of challenges in education and government

cnbc.com Jordan Novet 2025-10-31 12:34:36

CEO of Workday Carl M. Eschenbach and Ana Eschenbach attend the Allen and Company Sun Valley Media and Technology Conference at The Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2025. Workday reported an earnings beat on Thursday, but issued guidance that was inline with estimates and warned of pressure in some areas. The shares slipped in extended trading. Here's how the company did relative to LSEG consensus: Earnings per share: $2.21 adjusted vs. $2.11 expected $2.21 adjusted vs.

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The Moment the AI Hype Cycle Really Kicked In

gizmodo.com Aj Dellinger 2025-11-06 09:25:54

Does it feel like news about artificial intelligence is inescapable? You’re not just imagining it. Zach Perkel, the Principal and Director of Applied AI at enterprise AI firm Fractal, tracked the number of AI-related posts that managed to crack the top 10 stories on Y Combinator’s Hacker News, and found that we are experiencing peak AI (so far). Perkel analyzed 24,910 articles and posts that managed to crack the Hacker News top 10 from January 1st, 2019, to August 15th, 2025, to determine just

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Morgan Stanley says Apple stock could be ‘turning the corner’ on strong iPhone demand

9to5mac.com Marcus Mendes 2025-11-10 12:29:28

Despite a recent 15% bump, following positive Q3 2025 results and a stunt that brought it tariff relief, Apple’s stock is still 5% in the red for the year. But in a recently published investor note, Morgan Stanley says it believes momentum will keep shifting. In the note (via CNBC), analyst Erik Woodring said that “the Apple story could be turning the corner.” This comes after the bank’s China team recently raised its iPhone build forecast for the September quarter by 8%, which in turn came aft

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Opendoor CEO resigns following investor pressure campaign

cnbc.com Ari Levy 2025-11-10 22:45:24

Opendoor CEO Carrie Wheeler said Friday that she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price

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Opendoor stock pops 10% as CEO resigns following investor pressure campaign

cnbc.com Ari Levy 2025-11-11 17:22:18

Opendoor shares popped about 10% on Friday after CEO Carrie Wheeler said she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price that put the company at risk

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Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

cnbc.com Kif Leswing 2025-11-13 12:59:18

Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light. Here's how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates: EPS : $2.48, adjusted, versus $2.36 estimated. : $2.48, adjusted, versus $2.36 estimated. Revenue: $7.3 billion vs $7.22 billion estimated. Applied Materials said it expects $2.11 per share in adjusted earnings in the c

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Palantir's astronomical growth in 3 charts

cnbc.com Samantha Subin 2025-11-14 08:38:56

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir 's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more

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3 charts that show Palantir's astronomical growth over the last five years

cnbc.com Samantha Subin 2025-11-14 14:14:45

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir 's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more

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Cisco reports narrow earnings beat, issues inline forecast for the year

cnbc.com Jordan Novet 2025-11-14 22:22:16

Cisco CEO Chuck Robbins speaks at the Business Roundtable CEO Workforce Forum in Washington on June 17, 2025. Cisco reported results on Wednesday that narrowly exceeded analysts' expectations and issued quarterly guidance that was also better than expected. Here's how the company did in its fiscal fourth quarter comparison with LSEG consensus: Earnings per share: 99 cents adjusted vs. 98 cents expected 99 cents adjusted vs. 98 cents expected Revenue: $14.67 billion vs. $14.62 billion expecte

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AI demand boosts iPhone maker Foxconn's second-quarter profit by 27%, beating forecasts

cnbc.com Dylan Butts 2025-11-15 18:48:00

Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. Taiwan's Foxconn , the world's largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business. Here's how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts fr

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Latest Tech News

Tesla's stock erases loss for the year, soaring 85% from April low

Oracle soars 30% on cloud growth projections even as earnings miss estimates

Broadcom’s stock pops on mystery $10 billion AI customer

Broadcom reports 63% jump in AI revenue as results beat estimates

Trump’s move of SPACECOM to Alabama has little to do with national security

Figma's stock plunges after company's first earnings report since IPO

Trump is moving Space Command to Alabama

Affirm stock rises 10% as CEO Levchin notes continued consumer strength

Affirm stock surges 12% as CEO Levchin notes continued consumer strength

Affirm stock surges 20% as CEO Levchin notes continued consumer strength

Dell shares fall on soft third-quarter earnings outlook

US manufacturing investment stumbles as clean tech cancellations pile up

Nvidia's Huang touts 'full steam' AI spend while China uncertainty remains

NVIDIA is (really) profiting from the AI boom

Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue

Nvidia beats on top and bottom lines. Here's why the stock is falling

Nvidia reports record sales as the AI boom continues

Nvidia beats on top and bottom lines as data center revenue surges 56%

Okta raises forecast as CEO says economic conditions were ‘better than we thought’

Nvidia faces Wall Street's high expectations two years into AI boom

Workday beats estimates but CEO warns of challenges in education and government

The Moment the AI Hype Cycle Really Kicked In

Morgan Stanley says Apple stock could be ‘turning the corner’ on strong iPhone demand

Opendoor CEO resigns following investor pressure campaign

Opendoor stock pops 10% as CEO resigns following investor pressure campaign

Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

Palantir's astronomical growth in 3 charts

3 charts that show Palantir's astronomical growth over the last five years

Cisco reports narrow earnings beat, issues inline forecast for the year

AI demand boosts iPhone maker Foxconn's second-quarter profit by 27%, beating forecasts

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