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Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
Samsung SDS shares jump 20% on KKR partnership and $820 million bond purchase
KKR & Co has agreed to acquire $820 million of newly issued convertible bonds from Samsung SDS, in a deal that creates a new strategic partnership.
Chip giant ASML raises 2026 guidance as AI semiconductor demand stays strong
ASML beat first-quarter revenue and profit expectations and raised its sales guidance for 2026.
Cramer: The market's biggest fears 'just didn't happen' – and that's why you can't leave the game
CNBC's Jim Cramer explained why bailing on stocks when things look bleak ends up hurting you in the long run.
NAACP sues Elon Musk's xAI over Memphis data center air pollution
Elon Musk, who is the world's richest person, has been counting on the greater Memphis area to serve as the backbone for xAI's buildout.
Meta commits to 1 gigawatt of custom chips with Broadcom as Hock Tan decides to leave board
Meta commits to deploying 1 GW of custom in-house MTIA chips codesigned with Broadcom in sweeping new multiyear deal announced Tuesday
Crypto exchange Kraken confirms it has confidentially filed for an IPO
Kraken co-CEO Arjun Sethi said the crypto exchange has confidentially filed for a U.S. initial public offering, confirming CNBC's previous reporting.
Nvidia stock is on a 10-day winning streak and up 18% over that stretch
Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in discussions."
Altman arson suspect Moreno-Gama suffered 'acute mental health crisis,' lawyer says
Daniel Moreno-Gama allegedly threw a lit Molotov cocktail at the driveway gate of OpenAI CEO Sam Altman's home.
Oracle jumps for a second day, Bloom Energy soars 22% on AI data center power deal
Oracle stocks bounced as software shares continued to recover and the company expanded a capacity deal with Bloom Energy.
Amazon to buy Globalstar to bolster Leo satellite business in deal worth about $11.6 billion
Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.
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