TechCheck

: Shares of Paramount are lower today despite topping revenue expectations in its Q2 results. The beat raises the bar for Disney, which reports after the bell today amid a host of industry-wide challenges, including an ad contraction, pressure to cut streaming costs and a strike. And then there are the company-specific issues that Disney faces, including the performance of its franchise films, att...

Artificial intelligence is now disrupting one of the biggest headaches in healthcare – paperwork. Medical notes take doctors and nurses hours every day, and cut into time with patients. The National Bureau of Economic Research estimates that using AI for administrative tasks could save the U.S. health system $200 billion to $300 billion a year. Plus, Eric Hippeau, one of the leading venture capita...

Shares of Amazon are rocketing today, on pace for its best day since November after reporting a blowout second quarter and issuing upbeat guidance. It beat on the top line and notched its biggest bottom line beat since 2020, boosted by CEO Andy Jassy’s aggressive cost-cutting efforts. Shares of Opendoor though, headed the other direction – plummeting more than 20% on a steep revenue decline despit...

Amazon reports after the bell - and investors' eyes are on the cloud. Over the last 6 quarters, growth in its cloud business AWS has slowed significantly, to an expected 10% in tonight's report, and investors are anxious to know whether the slowdown has bottomed... or could head even lower. Another data point to keep an eye on – capex. Big tech companies that have already reported including Micros...

Softbank-backed Arm is reportedly targeting a $60B-$70B September IPO - one of the biggest in tech history. The company licenses out chip designing to tech giants including Apple, Amazon, Microsoft, Nvidia, and Intel. Softbank founder Masa Son couldn't have timed it better as the need for computing power and AI chips booms. But there are still risks, including a slowdown in smartphone sales, and f...

Uber just reported its first-ever profitable quarter - but just how sustainable is it? GAAP net income was $394 million, but nearly all of that was due to a pre-tax benefit related to unrealized gains on Uber's equity investments. It holds stakes in self-driving tech companies Aurora, electric scooter startup Lime, ridesharing companies DiDi and Grab, and electric aircraft company Jovy. Its advert...

The funding and valuation environment for startups remains challenged, but Tiger Global has notched one big, multi-billion dollar exit recently. After a rough 2022, Tiger told investors today it net a total of $3.5 billion from selling its remaining stake in Indian e-commerce startup Flipkart; a much-needed win for Tiger. Plus, Morgan Stanley analyst Keith Weiss has two big calls out today – upgra...

CNBC's Deirdre Bosa covers Tech earnings, deal making and M&A activity. Plus, are more strikes coming in Hollywood? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Though it hasn't even reported yet, Nvidia seems to be the clear winner this earnings season. Three of the biggest tech companies reported this week – Microsoft, Alphabet and Meta – and all said they’re spending more on building infrastructure to support AI cloud computing. That means less traditional server chips, and more of Nvidia's advanced GPUs.  Hosted by Simplecast, an AdsWizz company. See...

Tech heavyweights Alphabet and Microsoft report second quarter earnings after the bell today, the first that’ll show investors whether the hype around AI is justified. But there are some red flags to look out for, including tech’s massive outperformance this year, high expectations for AI, and decelerating cloud growth and capex. Plus, TikTok keeps pushing the envelope. Despite having a regulatory...

A big week for big tech with Alphabet, Microsoft, Intel and Meta results on deck. We’ll drill down on the name one analyst says is the best positioned in AI. Plus, Verizon, NXP Semiconductors, and Anywhere Real Estate are on deck with results. We’ve got the action, the story, and the trade in Earnings Exchange. And we’ll speak with a recent college graduate who built an AI-detecting program from h...

CNBC's Deirdre Bosa previews earnings next week from Microsoft, Alphabet and Meta. Bosa also spoke exclusively with Lyft's new CEO, David Risher, as he gets set to wrap up his first 100 days in office. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carvana is surging more than 30% after striking a new debt restructuring deal despite remaining deeply unprofitable. It's part of a host of pandemic high-flyers that investors left for dead but are now rebounding including Robinhood, Coinbase, Peloton, Affirm, and OpenDoor – all with different business models but characterized by weak financials and high valuations. Plus, Apple is reportedly devel...

The AI gold rush that has seen billions of dollars poured into startups might already be slowing down. Two AI chatbots are laying off workers, as the field for startups grows crowded, businesses begin to demonstrate they don’t all survive as standalone products, and investors grow impatient for impact on revenue. Plus, shares of AT&T are near their lowest in 30 years as analysts try to gauge poten...

Cathie Wood's flagship ARKK Innovation ETF has seen net outflows of $234 million this year and $740 million in the past 12 months, plus Assets Under Management crater from $30 billion during pandemic highs to less than $9 billion today. But maybe the biggest knock against Wood? ARKK has underperformed the Nasdaq and $QQQ since its 2014 inception. We raised the question with her on Friday during ou...

CNBC's Deirdre Bosa previews earnings next week from Netflix and Tesla. Cathie Wood, Ark Invest CEO, to discusses the A.I. space, ARK’s ETF hitting an 11-month high and what stocks she is watching in the tech space. Emil Michael, former Uber chief business officer, discusses the recent stock pop, competition in the space and more. Plus, Hollywood on strike and venture capital loans disappear. Host...

FTC Chair Lina Khan was grilled today by the House Judiciary Committee over the agency’s increasing court losses. The agency today also filed its appeal to pause the Microsoft Activision merger. Microsoft has until July 18 to close the deal, when it'll have to either renegotiate terms or abandon the deal and pay a $3 billion break fee. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com...

Early Prime Day data looks positive for Amazon, with shoppers spending $6.4 billion on the first day, up almost 6% from last year and making for the single biggest e-commerce day in 2023 according to Adobe. Former Target Vice Chair Jerry Storch joins us for a read on the consumer. Plus, less than two years ago Nvidia tried to buy Arm for some $40 billion, but failed because of anti-trust issues. F...

Amazon Prime Day Kicks Off  Description: Amazon Prime Day begins today -- Adobe forecasts the 2-day sales event will drive $13.1 billion in U.S. online spend, 9.5% more than last year. As for Prime signups though? Consumer Intelligence thinks memberships are at saturation, estimating 167 million Americans are members, down from 170 million last year.  Hosted by Simplecast, an AdsWizz company. See...

Sarah Silverman and other authors are suing Meta and OpenAI over claims of using their content without permission to train chatbots. It raises the question of whether copyright is an existential threat to AI, and the limits of how much AI can actually leverage content on the internet. Plus, Amazon Prime Day kicks off tomorrow – but how much do we care? Many investors aren’t buying the stock for e-...

CNBC's Jon Fortt discusses all things tech including Amazon's advantage in A.I and Meta's "Threads" app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Despite the hype around generative AI, the funding environment for startups and VCs remains tight according to Pitchbook data. Softbank though is bucking that trend with a new investment in a Japanese robotics startup, just weeks after promising to go back on the offensive. Plus, shares of Alibaba soared today after China hit Ant Group with a nearly $1 billion fine, signaling an end to its era of...

Gig economy stocks like Uber and DoorDash hit session lows after saying they're suing New York City over a law that raises delivery workers' minimum wage to $17.96/hour, nearly tripling their base pay. But it changes the calculus as investors continue to look to the apps for profitability. Plus, as the U.S. gets tough in the tech fight against China, Amazon could be caught in the middle. Biden adm...

Amazon CEO Andy Jassy’s tenure has been characterized by greater fiscal discipline, and now he’s reportedly looking to streaming as a way to cut costs – taking a hard look at the finances of producing pricey original like “Rings of Power” and “Citadel” despite mixed ratings. Plus, Chinese companies have been exploiting loopholes in the U.S. export ban on chips – including by renting access to high...

AI startups saw a funding explosion this year, with more than 20 generative AI unicorns now in the landscape, according to Pitchbook data. OpenAI backer and Inflection AI co-founder Reid Hoffman discussed what’s next for these startups, and whether they’ll be able to outlast the megacaps.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of...