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Block sinks 7% after weak third quarter results miss Wall Street estimates
Block's third-quarter revenue missed Wall Street estimates and showed slowing profit growth from Square.
Altimeter's Brad Gerstner says market pullback is healthy, sees no bubble in tech
Gerstner pushed back on the idea that the market is in bubble territory.
Big Tech's AI spending spree: Smart long-term bet or short-term risk?
CNBC's Paulina Likos and Zev Fima break down big tech's massive artificial intelligence spending spree
Musk's $1 trillion pay, a price cut for obesity drugs, Target's in-store woes and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Google's decade-long bet on custom chips is turning into company's secret weapon in AI race
Google's cloud business is a primary engine of growth, and the company's custom-built chips called Tensor Processing Units are helping drive it.
AI valuation fears grip global investors as tech bubble concerns grow
The recent slide among AI stocks has once again put fears of a tech bubble at the forefront of investors' minds.
CEO of Southeast Asia's largest bank warns investors: 'Buckle up, we're in for a volatile ride'
DBS CEO Tan Su Shan cautioned investors about persistent market swings amid stretched U.S. valuations and concentrated AI stock exposure.
Elon Musk says Tesla needs to build 'gigantic chip fab' to meet AI and robotics needs
Tesla CEO Elon Musk he needs a "gigantic" semiconductor fabrication plant to meet the company's chip needs as it expands its AI and robotics ventures.
SoftBank shares slide over 8% amid renewed pressure on AI-linked stocks
Shares of Japan's SoftBank Group plunged, following a broader slump in AI-related stocks as investors once again grew wary of the sector's lofty valuations.
Tesla says shareholders approve Musk's $1 trillion pay plan with over 75% voting in favor
Tesla shareholders approved CEO Elon Musk's historic pay package at the company's annual shareholders meeting in Austin, Texas.
The stocks set to win from soaring AI spend, according to analysts
While Big Tech deals draw eyeballs, opportunities lie in those flying under the radar but supporting the AI supply chain.
China's key weapons in its AI battle with the U.S. — massive Huawei chip clusters and cheap energy
China's strategy for competing with the U.S. on AI revolves around huge clusters of Huawei chips and cheap energy.
Take Two sinks 7% on delay of Grand Theft Auto VI to November 2026
GTA VI was initially set for a fall 2025 launch but has faced multiple delays.
Airbnb shares rise on revenue beat, stronger-than-expected forecast
Shares of Airbnb rose in extended trading after the company reporter third-quarter results that beat revenue expectations.
Doordash has biggest one-day drop ever as stock falls 17% on spending concerns
Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo.
Datadog's stock soars 23% on revenue beat, posts second-best day ever
Datadog has rolled out multiple artificial intelligence technologies as the AI boom boosts demand for cloud security.
Duolingo stock plunges 25%, its worst session ever, as company prioritizes user growth
CEO and co-founder Luis von Ahn told CNBC that the company has shifted its investment strategy in recent months to focus on long-term initiatives.
Snap stock jumps 9% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Microsoft forms superintelligence team under AI chief Suleyman 'to serve humanity'
The MAI Superintelligence Team will pursue research for improving artificial intelligence companions, diagnosing diseases and generating renewable energy.
Sam Altman says OpenAI will top $20 billion in annualized revenue this year, hundreds of billions by 2030
OpenAI has inked more than $1.4 trillion of infrastructure deals, raising questions about how it will pay for those commitments.
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