Broadcom on Thursday evening reported a strong quarter and a solid guide. But the stock really got going after CEO Hock Tan talked about $10 billion in custom AI-related orders from a new customer. Revenue in the fiscal 2025 third quarter, which ended Aug. 3, increased 22% year over year to $15.95 billion, ahead of…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) -A wan, unconvincing bounce attempt from Tuesday’s stumble, but with enough pep in Mag 7 names to support the broad indexes. -The pops in Alphabet and Apple after a favorable antitrust ruling –…
Bank of America grew more optimistic on Alphabet and Apple after the Google search operator avoided a major breakup in an antitrust case. Analysts at the bank raised their price target on the Google parent to $252 per share from $217, signaling 19% upside. As for Apple, they see the stock rising to $260 from…
It’s been 100 trading days since the S & P 500 reached its post “liberation day” closing low. The gains have been astonishing. The benchmark index is up nearly 29% in that time. Since 1950, there have been just four instances in which the S & P 500 has seen a larger return over a…
My top 10 things to watch Wednesday, Sept. 3 1. Google will not have to divest its Chrome browser as a remedy to the search monopoly ruling, nor will it be banned from making payments for default placement on other firms’ devices. Big win for Google. Why did it happen? Because of the rise of…
Check out the companies making headlines in premarket trading. Alphabet — The parent of Google and YouTube jumped more than 6% after a federal judge ruled that Alphabet can keep its Chrome browser. But Google won’t be able to sign exclusive search deals and also has to share its data, the ruling said. Macy’s —…
The Google logo is seen outside a building housing Google offices in Beijing on February 4, 2025. China on February 4 said it would probe US tech giant Google over violations of anti-monopoly laws after Washington slapped 10 percent levies on Chinese goods. Greg Baker | Afp | Getty Images Alphabet shares rose 6% in…
Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSE Stock futures edged higher Tuesday night after a federal court decision in an Alphabet antitrust case fueled optimism that the tech giants will be able to weather regulatory threats. S&P 500 futures rose 0.2%, while Nasdaq-100 futures jumped by 0.3%. Futures tied…
A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Tesla CEO Elon Musk predicted that Optimus robots, which have…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Nvincible? The results are in: Nvidia reported second-quarter earnings and revenue that beat Wall Street’s expectations last night. The chipmaker also provided better revenue guidance than analysts…