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GitLab Raises Outlook as Flex Draws $20 Million in Early Commit...Fervo Targets October Start for Potential First U.S. Commercial...HyperVault Targets $7.4 Billion for a 1-Gigawatt AI Campus in H...More Than $45 Million in Data-Center Ads Pushes AI Infrastructu...Artificial Analysis Clarifies Astra’s 67-Point Coding Score Is...Anthropic’s Claude Built a 13-Million-Line Fermat Proof, Leavin...GitLab Raises Outlook as Flex Draws $20 Million in Early Commit...Fervo Targets October Start for Potential First U.S. Commercial...HyperVault Targets $7.4 Billion for a 1-Gigawatt AI Campus in H...More Than $45 Million in Data-Center Ads Pushes AI Infrastructu...Artificial Analysis Clarifies Astra’s 67-Point Coding Score Is...Anthropic’s Claude Built a 13-Million-Line Fermat Proof, Leavin...

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Showing 1-18 of 19Results matching "CNBC"

Yesterday

2 stories
AcquisitionBusiness

Nvidia Agrees to Buy Hugging Face for $12.93B, Promising Hardware Choice

The pending acquisition would bring a major developer platform inside Nvidia, while the company promises users can still choose competing models, clouds and computing hardware. Nvidia has agreed to acquire Hugging Face for $12.93 billion, turning a reported deal into a confirmed transaction. The acquisition remains pending and is expected to close in the first half of 2027, according to a securities filing.

2 min readRead story

Earlier this week

8 stories
EarningsBusiness

Broadcom Forecasts $21.7B in Quarterly AI Chip Sales After a 221% Surge

The earnings show custom AI accelerators and networking becoming a much larger part of Broadcom’s business. The immediate test is whether the company can convert its $21.7 billion fourth-quarter AI semiconductor forecast into delivered sales while maintaining its margin target. Accelerators are chips designed for AI computing, while networking connects computing equipment in a data center.

3 min readRead story
EarningsBusiness

Microsoft Will Publish Azure’s Quarterly Revenue as It Consolidates Segments

The new figure gives Azure a clearer quarterly measure, but it arrives under a narrower definition and alongside less profitability detail for Microsoft’s former business lines. Microsoft will begin publishing quarterly Azure revenue in dollars, giving its cloud platform a direct financial measure for the first time. Microsoft’s 44% to 45% range is its fiscal first-quarter constant-currency growth guidance for Azure.

2 min readRead story
EarningsBusiness

Nvidia Rises 4% as Dell’s Results Reinforce AI Server Demand

Dell’s stronger results gave investors a new read on demand for Nvidia-based AI server racks. Broadcom’s earnings later Wednesday will test a different question: whether it can raise its AI semiconductor outlook while Alphabet broadens its chip supplier base. Nvidia shares rose 4% after Dell beat quarterly revenue and earnings expectations and lifted its fiscal 2027 earnings guidance by more than 40%.

3 min readRead story
EarningsBusiness

Micron Trades at Just Above 6x Forward Earnings as Contracts Test Its Memory Cycle

Long-term customer agreements may curb both peak-price gains and later declines, but new supply and uncontracted sales leave the durability of Micron’s earnings open to debate. Micron has more than tripled this year and trades at just above six times forward earnings, according to CNBC. That tension rests on the difference between a contract plan and a demonstrated new earnings profile.

2 min readRead story

Last week

5 stories
Government actionBusiness

Nvidia Optimizes DeepSeek and Qwen as It Warns U.S. Limits Could Hit Business

The company is making its stack easier to use with prominent Chinese open models, but the potential limits it flagged have not been defined as a final rule. Nvidia is deepening support for Chinese open AI models while warning investors that prospective U.S. restrictions on such support could materially affect its business. The distinction matters because open models can be downloaded, modified and self-hosted.

3 min readRead story
PartnershipBusiness

BlackBerry Calls Robotics a Fast-Growing QNX Business; Order Value Undisclosed

The company is extending its safety-focused software pitch from vehicles to physical equipment, but has not put a number on robotics orders. BlackBerry CEO John Giamatteo says robotics is among the fastest-growing businesses in the company’s QNX portfolio. BlackBerry says some of QNX’s roughly $950 million royalty backlog comes from robotics, but it did not disclose the value of those orders.

2 min readRead story
EarningsBusiness

Cramer: Nvidia Results May Move an AI Trade Facing Memory and China Risks

Jim Cramer remains bullish on Nvidia, but says investors will use its report to assess whether supply constraints, data-center buildouts and competitive pressure can curb the wider AI spending cycle. Nvidia is scheduled to report earnings after Wednesday’s market close, and Jim Cramer says investors will look beyond the headline numbers. The stakes are heightened by where the shares stood entering the report.

3 min readRead story

August 2026

3 stories
FundingBusiness

Anthropic’s IPO Pitch Faces Two Tests: Compute Growth and Enterprise Data Control

A reported offering that could rival SpaceX’s record would fund a business dependent on data-center expansion. But the company’s enterprise challenge is more specific: give customers more control over sensitive data without ending its reported retention policy. Anthropic is reportedly considering an IPO large enough to match or exceed the reported $75 billion SpaceX benchmark.

4 min readRead story
EarningsBusiness

Anthropic Told Investors Its Revenue Run Rate Reached $65 Billion

The confidential investor update suggests a rapid expansion ahead of a potential public listing, though a run rate is an extrapolation rather than booked full-year revenue. Anthropic told investors its annualized revenue run rate reached $65 billion at the end of July, up sharply from the more than $47 billion it disclosed in May. CNBC confirmed the figure after Bloomberg first reported it.

3 min readRead story
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