Tag Archives: CNBC

Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%

Amazon CEO Andy Jassy reassured shareholders that the company expects to make money on its generative AI investments.

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Amazon’s cloud unit records highest profit margin in at least a decade

Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.

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Amazon’s advertising business grew 19% in the third quarter

Amazon’s online advertising business jumped 19% year over year to $14.3 billion in the third quarter.

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Intel shares jump 9% on earnings beat, uplifting guidance

Intel reported better-than-expected revenue following a quarter filled with challenges.

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Microsoft’s stock heads for worst day in two years after disappointing forecast

Microsoft’s stock fell more than 5% on Thursday after guidance fell short of analysts’ estimates.

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OpenAI launches ChatGPT search, competing with Google and Microsoft

OpenAI on Thursday launched ChatGPT search, positioning the company to better compete with search engines like Google, Microsoft’s Bing and Perplexity.

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Amazon set to report Q3 earnings after the bell

Wall Street has cheered Amazon CEO Andy Jassy’s cost-cutting efforts, with the company’s shares up about 23% year to date.

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Apple to report earnings as investors worry about ‘mixed’ iPhone demand

It’s the end of Apple’s fiscal year, and the first quarter with some sales from the September launch of the iPhone 16.

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Meta’s Threads micro-blogging app now has 275 million monthly users, Zuckerberg says

Threads, Meta’s rival to Elon Musk’s X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday.

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Super Micro’s $50 billion stock collapse underscores risk of AI hype

Since being added to the S&P 500 in March, Super Micro has lost about two-thirds of its value and now faces the risk of Nasdaq delisting.

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