CNBC Tech - Gaming

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1. Snap climbs 13% as activist Irenic suggests changes to boost stock's value 7x

   Irenic Capital suggested shuttering the Specs division and replacing more than a fifth of Snap's workforce with artificial intelligence.

2. Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

   Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

3. Wall Street's rough month, Powell's inflation outlook, GLP-1 subscription and more in Morning Squawk

   Here are five key things investors need to know to start the trading day.

4. Marvell stock pops 7% as Nvidia takes $2 billion stake, continuing run of similar bets

   Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.

5. Huawei's cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivals

   When including internal customers, the telecommunications giant said cloud computing revenue grew from a year ago.

6. Microsoft hit with UK competition regulator probe over software business

   The U.K.'s Competition and Markets Authority had "concerns around Microsoft's licensing practices in cloud", Chief Executive Sarah Cardell, said.

7. Autonomous ship startup Saronic raises $1.75 billion in race to modernize U.S. military

   Saronic's latest funding round more than doubles its valuation to $9.25 billion from the prior fundraising early last year.

8. European defense startups eye commercial deals and hiring push in the Middle East amid the Iran war

   A crop of emerging defense companies in Europe are fielding increasing interest from Middle East militaries as conflict continues in the region.

9. Nebius unveils plans to build one of Europe's largest AI factories as region scrambles for compute

   Europe is racing to create the infrastructure needed to power the AI boom.

10. Indian mobile giant Airtel raises $1 billion for data centers from Carlyle, other PE firms

    Signaling rising global interest in India’s data‑center sector, Bharti Airtel has attracted private‑equity interest as it seeks to raise $1 billion.