Tag Archives: CNBC

Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025

Over half of Microsoft’s $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.

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Foreign phone sales plunge 47% in China spelling trouble for Apple

Apple is under pressure in China as a result of rising competition from domestic brands, in particular Huawei.

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Meta replaces Global Affairs President Nick Clegg with Joel Kaplan ahead of Trump inauguration

It’s the latest sign of how tech companies are positioning themselves for a new administration in Washington.

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Nominate a company for CNBC’s 2025 Disruptor 50 list

CNBC is now accepting nominations for the 2025 Disruptor 50 list — our annual look at the most innovative venture-backed companies.

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Cryptocurrencies jump to start 2025, bitcoin rises back above $96,000

Cryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market.

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Tesla shares slide after it reports first drop in annual deliveries

Tesla’s fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.

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Apple offers holiday discount in China as Huawei competition heats up

Apple is facing heightened competition from a resurgent Huawei and other domestic brands.

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Bitcoin was the best investment of 2024, but not without its usual volatility

Bitcoin was far and away the best performing asset class in 2024 thanks to new ETFs and hopes for a crypto-friendly White House.

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Silicon Valley’s turn of fortune: Intel has worst year ever, while Broadcom enjoys record gain

Intel lost over 60% of its value in 2024, the biggest drop in its 53 years as a public company. Broadcom’s stock price more than doubled.

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Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up

Alibaba is offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both texts and images.

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