AI chipmaker Cerebras files to go public after scrapping IPO plans last year
[ad_1] Cerebras, a producer of chips that run artificial intelligence models, on Friday filed to go public on Nasdaq under the ticker symbol “CBRS.” Cerebras reported a $87.9 million in net income on $510 million in revenue during 2025, according to Friday’s filing. Revenue grew nearly 76% from 2024, when the company had a $485 […]
Oracle stock rises in premarket on plans to cut thousands of jobs
[ad_1] Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle rose in premarket trading on Wednesday as the multinational tech conglomerate looks to cut thousands of jobs to free up cash to build AI […]
CNBC Daily Open: Get ready for Trump’s Iran war update
[ad_1] U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC. Chip Somodevilla | Getty Images Hello, this is Holly Ellyatt writing to you from London. Welcome to another edition of CNBC’s Daily Open. Global markets will be on tenterhooks today […]
Micron revenue almost triples, tops estimates as demand for memory soars
[ad_1] Micron CEO Sanjay Mehrotra speaks at a groundbreaking ceremony for the company’s semiconductor manufacturing facility in Clay, New York, on Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron’s revenue almost tripled in the latest quarter as results topped analysts’ estimates and guidance sailed past expectations. The stock, which is up more […]
AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD
[ad_1] As AI chipmaker Cerebras angles for an eventual IPO, the company appears to have landed a significant cloud-computing customer: Oracle. On a conference call with analysts on Tuesday following Oracle’s quarterly earnings, Clay Magouyrk, one of the software vendor’s two CEOs, indicated that his company’s infrastructure includes Cerebras chips, alongside graphics processing units (GPUs) […]
Oracle stock jumps 9% on earnings beat and increased guidance as cloud revenue climbs 44%
[ad_1] Oracle shares rose as much as 10% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Oracle sees $1.92 and $1.96 in adjusted earnings per share for the fiscal fourth quarter, with revenue growth between 19% and 20%. […]
Amazon’s Bahrain data center targeted by Iran for support of U.S. military, state media says
[ad_1] People walk past the logo of Amazon Web Services (AWS) at its exhibitor stall at the India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. Anushree Fadnavis | Reuters Amazon‘s data center in Bahrain was targeted by Iran’s Islamic Revolutionary Guard Corps for the company’s […]
Trump admin blacklists Anthropic as AI firm refuses Pentagon demands
[ad_1] President Donald Trump said Friday that he was ordering every U.S. government agency to “immediately cease” using technology from the artificial intelligence company Anthropic. Trump in a Truth Social post said there would be a six-month phase-out for agencies such as the Defense Department, which “are using Anthropic’s products, at various levels.” Defense Secretary […]
Netflix CEO Ted Sarandos to visit White House for talks on WBD deal, report says
[ad_1] Netflix CEO Ted Sarandos speaks during comedian Ricky Gervais’s star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, U.S., May 30, 2025. Mario Anzuoni | Reuters Netflix CEO Ted Sarandos will head to the White House on Thursday for meetings on his company’s efforts to acquire part of Warner Bros. Discovery […]
Software stocks rebound as Anthropic announces new partnerships
[ad_1] Software stocks made a comeback on Tuesday after Anthropic hosted its enterprise agents event, where it revealed new partnerships, quelling some investor fears that the sector could be displaced by artificial intelligence. The AI startup launched new updates to Claude Cowork that allow companies to integrate the productivity tool into a host of enterprise […]