Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008, the … Read more

View More Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021

Activision Blizzard pays SEC $35 million to settle probe

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Video game developer Activision Blizzard agreed to pay a $35 million settlement over charges it failed to maintain “adequate” controls for collecting and assessing … Read more

View More Activision Blizzard pays SEC $35 million to settle probe

Google CEO promises new AI features are coming to search ‘very soon’ amid competition from ChatGPT

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Alphabet and Google CEO Sundar Pichai said Thursday that the company will soon add advanced AI features to its search engine. On Tuesday, CNBC reported that … Read more

View More Google CEO promises new AI features are coming to search ‘very soon’ amid competition from ChatGPT

Alphabet misses on earnings and revenue as YouTube falls short

Google CEO Sundar Pichai Pradeep Gaur | Mint | Getty Images Alphabet missed on both top and bottom lines when it reported fourth quarter earnings after the bell Thursday. The company’s stock is down 6% after hours, erasing much of the 7.28% it gained in normal trading hours. Here’s how the numbers stacked up: Earnings … Read more

View More Alphabet misses on earnings and revenue as YouTube falls short

Amazon to report quarterly results after market close

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon will report fourth-quarter earnings after the market close Thursday. … Read more

View More Amazon to report quarterly results after market close

ChatGPT has made AI the hot new thing in Silicon Valley, and investors are suddenly very interested

In just a couple of months, the question-and-answer chatbot ChatGPT has become so popular that it’s not unusual for users to see a message saying it’s at capacity and can’t handle any more queries. According to UBS, ChatGPT was averaging about 13 million visitors per day by the end of January. OpenAI, the San Francisco-based … Read more

View More ChatGPT has made AI the hot new thing in Silicon Valley, and investors are suddenly very interested

Virtus’ Terranova dumps these two tech stocks, says he doesn’t trust the recent high-beta rally

Joe Terranova doesn’t trust the recent rally in a slew of high-beta stocks. As a result, the senior managing director at Virtus Investment Partners dumped shares of Microsoft and Tesla in the quarterly rebalance of the Virtus Terranova U.S. Quality Momentum ETF , he told CNBC’s ” Closing Bell: Overtime ” Tuesday. “Momentum is not present in … Read more

View More Virtus’ Terranova dumps these two tech stocks, says he doesn’t trust the recent high-beta rally

PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce

Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company’s website. President and CEO Dan Schulman wrote in the release that … Read more

View More PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce

Europe’s crackdown on Big Tech omitted TikTok — but now that’s set to change

TikTok holds its End Of Year Event 2022 in Milan, Italy, on Dec. 13. Claudio Lavenia | Getty Images Entertainment | Getty Images TikTok is beginning to feel the sting of political and regulatory pressure in Europe, where the Chinese-owned app has largely evaded the scrutiny it’s faced in the U.S. EU Commissioner of the … Read more

View More Europe’s crackdown on Big Tech omitted TikTok — but now that’s set to change

Goldman Sachs names tech stocks with a ‘strong runway’ for growth — giving one upside of nearly 70%

One corner of tech, software, might be seeing “limited appetite” from the market, according to Goldman Sachs. But the investment bank is optimistic. It listed several reasons for its bullish call: “a more constructive setup due to near record-low valuations … conservative management guidance that better aligns with investor expectations, and an inflection towards cost … Read more

View More Goldman Sachs names tech stocks with a ‘strong runway’ for growth — giving one upside of nearly 70%