Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
Shares of Amazon fell 8% on Friday, a day after the e-retailer posted soft growth in its retail and cloud computing businesses and gave downbeat guidance. Its stock was hit…
Inside the ‘Wormhole,’ Relativity Space’s monster factory 3D-printing reusable rockets
The exterior of “The Wormhole” factory. Relativity Space The inside of “The Wormhole” factory in Long Beach, California. Relativity Space But earlier this month CNBC took a look inside “The…
Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s…
Bill Gates says Elon Musk’s ambition to colonize Mars is not a good use of money
Bill Gates questioned whether Elon Musk’s current priorities would make him a good philanthropist, taking issue with his fellow billionaire’s ambition to send people to Mars. In an interview with…
Apple sales drop 5% in largest quarterly revenue decline since 2016
Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple’s overall sales for the holiday…
Facebook-parent Meta announces $40 billion stock buyback
Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook parent Meta Platforms said in…
Meta shares soar almost 20% on fourth-quarter revenue beat
Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results. Earnings: $1.76 per…
Google is asking employees to test potential ChatGPT competitors, including a chatbot called ‘Apprentice Bard’
A man walks through Google offices on January 25, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Google is testing new artificial intelligence-powered chat products…
Why AMD is faring much better than Intel in the same tough economy
AMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term outlook than the other. While Intel is expecting declines across the…
Asia’s chipmakers fall as Samsung sees worst quarterly profit in 8 years
Attendees wait in line beneath a large LED display of smart connected home products to enter the Samsung Electronics booth, during the Consumer Electronics Show (CES) in Las Vegas, Nevada,…
