Tag Archives: CNBC

Why startups and tech giants are racing to build a practical quantum computer

Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology. Governments around the world have also invested over $55 billion in the tech.

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The Magnificent 7’s lousy year, by the numbers

It’s been a painful year so far for megacap technology giants and 2025 is only getting started.

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Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake

Elon Musk received a summons in connection with the SEC’s lawsuit over his alleged failure to properly disclose his Twitter stake before buying the company.

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Tesla owners are trading in their EVs at record levels, Edmunds says

Data from Edmunds shows that Tesla owners have been trading in their vehicles at record levels since CEO Elon Musk joined Trump’s White House.

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Micron shares jump on earnings beat, rosy guidance as data center revenue triples

Micron shares rose in extended trading Thursday after the company reported better-than-expected results and issued guidance that topped estimates.

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Abu Dhabi’s ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers

The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.

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Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks

Nvidia CEO Jensen Huang admitted at his company’s “Quantum Day” that his prior comments about quantum computing came out wrong.

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BlackRock’s head of digital assets says staking could be a ‘huge step change’ for ether ETFs

Appetite for ether ETFs has been tepid since their launch last July, but that could change, according to Robert Mitchnick, head of digital assets at BlackRock.

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Tesla to recall 46,000 Cybertrucks, citing exterior panel that can increase ‘risk of crash’

Tesla is recalling more than 46,000 of its Cybertrucks, citing issues with a cosmetic exterior trim panel.

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Klarna lands buy now, pay later deal with DoorDash, notching another win ahead of IPO

Klarna is partnering with DoorDash to give users of the restaurant delivery service more ways to pay for their meals.

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