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☆ Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.

Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft

☆ Rolls-Royce is in talks to use its compact nuclear reactors to power data centers and space missions
▼ + stars: | 2024-11-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AdvertisementRolls-Royce is in talks with potential customers for its nuclear reactors, per the Financial Times. The company said the reactors could provide energy for data centers, mining, and space missions. Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and one day to be sent into space, the Financial Times reported. Big Tech companies — including Google, Amazon, and Microsoft — have expressed interest in nuclear power to meet AI's high energy demands. In July 2024, Rolls-Royce was awarded funding from the agency's National Space Innovation Programme, or NSIP, for space nuclear power.

Persons: Royce, Jake Thompson, Microsoft —, Thompson Organizations: Financial Times, Business, Big Tech, Google, Microsoft, Royce, UK Space Agency, Innovation

☆ Inside Microsoft's struggles with Copilot
▼ + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +23 min

In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.

Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City

☆ Microsoft added AI to software it has barely touched since 1985. The results are astonishing
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

Microsoft — like its Big Tech competitors — is introducing AI to its consumer products, from virtual chatbot assistants to notetaking and editing tools. In October, Microsoft introduced a sweeping update to its Copilot virtual assistant in an effort to make it more useful and user-friendly, CEO of Microsoft AI Mustafa Suleyman previously told CNN. Microsoft users will also see AI features in Notepad, Microsoft’s writing platform, allowing them to use the new technology to help rewrite or edit sentences. For example, users can type a sentence, and then prompt the AI tool to rewrite the sentence or modify its tone or length. Apple’s “Writing Tools,” an editing tool, is similar to Microsoft’s AI features in Notepad.

Persons: Picasso, OpenAI’s Dall, it’s, Dave Grochocki, Mark Zuckerberg, ” Zuckerberg, Mustafa Suleyman Organizations: CNN, Microsoft, Big Tech, —, Windows, OpenAI, Facebook, Apple Locations: Europe, Notepad

☆ What Wall Street learned from the week's Big Tech earnings flurry
▼ + stars: | 2024-11-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Among the megacap stocks, Alphabet , Amazon and Microsoft grew year-over-year, cloud-based revenue by 35%, 19% and 20%, respectively. But of the five largest companies that have so far reported results — Meta Platforms , Alphabet, Amazon, Apple and Microsoft — only two finished the week higher. META 5D mountain Meta, 5 days Commentary from some of the tech companies signaled that AI demand remains robust. Amazon CEO Andy Jassy justified stepped up AI spending, saying that investors will be rewarded over the long haul. AMZN 5D mountain Amazon, 5 days Meanwhile, the still enormous spending patterns among megacap technology companies signals no downturn for de facto AI leader Nvidia.

Persons: Gene Munster, Sundar Pichai, Andy Jassy, Ray Wang, Wang, Mark Malek, Constellation's Wang, Satya Nadella's, Eric Clark, Clark Organizations: Microsoft, Apple, Constellation Research, Brands, Nvidia

☆ Stocks making the biggest moves midday: Peloton, Super Micro Computer, Robinhood, Estee Lauder and more
▼ + stars: | 2024-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet's estimated $768.7 million.

Persons: Peter Stern, Carvana, Etsy —, FactSet, Coinbase, LSEG, Uber, Ernst, Young, Teleflex, Robinhood, Estee Lauder, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Samantha Subin Organizations: —, Ford, Norwegian Cruise Line Holdings, Microsoft, eBay —, eBay, MGM Resorts, MGM Locations: Norwegian, FactSet, China

☆ Stocks making the biggest moves after hours: Microsoft, Meta Platforms, Starbucks, Coinbase and more
▼ + stars: | 2024-10-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Microsoft reported earnings per share of $3.30 on revenue of $65.59 billion, while analysts polled by LSEG forecast $3.10 in earnings per share and $64.51 billion in revenue. Analysts polled by LSEG were looking for $1.03 per share in earnings and $9.36 billion in revenue. Analysts polled by LSEG sought earnings of 25 cents per share and revenue of $3.45 billion. Etsy also beat third-quarter revenue estimates with $662.4 million, while analysts polled by LSEG were expecting $652.5 million. MGM Resorts reported adjusted earnings of 54 cents for the third quarter, while analysts polled by LSEG predicted 61 cents per share.

Persons: LSEG, Meta, Coinbase, Robinhood, Carvana, Etsy, Darla Mercado Organizations: Microsoft, Wall, LSEG, Holdings, Starbucks, Facebook, eBay, Ebay, MGM Resorts, Revenue Locations: U.S, China

☆ Inside Wall Street's efforts to value OpenAI: Who's involved, how it could work, and what's at stake for the banks
▼ + stars: | 2024-10-25 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.

Persons: Goldman Sachs, Morgan Stanley, —, OpenAI, –, Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley

☆ What to know about Perplexity, the buzzy — and controversial — AI startup targeting a big funding round
▼ + stars: | 2024-10-21 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +5 min

Perplexity is eyeing a massive funding round this year, The Wall Street Journal had reported. The Times alleged that Perplexity was violating copyright laws by using its content to create news summaries, according to Reuters. In a statement to Reuters, Srinivas said: "We are very much interested in working with every single publisher, including The New York Times. AdvertisementOn Monday, the Journal and New York Post owner News Corp. filed a lawsuit against Perplexity, also alleging copyright infringement. While Perplexity has dealt with criticism from media outlets, its rival OpenAI has struck deals with publishers to use their content.

Persons: —, Perplexity, Aravind Srinivas, Denis Yarats, Johnny Ho, Andy Konwinski, Srinivas —, Jeff Bezos, Forbes, Srinivas, OpenAI, Microsoft — Organizations: Corp, Street Journal, Service, Google, Street, New York Post, Business, Nvidia, SoftBank's, Forbes, Wired, New York Times, News Corp, The New York Times, Microsoft, Reuters, The Times, Perplexity

☆ A bottom-up approach to AI adoption can drive innovation and inclusion, a Cisco EVP says
▼ + stars: | 2024-10-17 | by ( Jean Paik | ) www.businessinsider.com time to read: +8 min

Katsoudas says AI adoption should start on the day-to-day level and be focused on skills training. What AI transformations are taking place at Cisco and among your workforce? From a technology perspective, at Cisco there have always been three different motions that are going on. As leaders, we're going to have a level of workforce planning insights that we've never had before because AI is going to help us with this. In technology roles, it was kind of easy because you could just send out a quick coding exercise and understand who had the capabilities.

Persons: Francine Katsoudas, —, Katsoudas, Microsoft —, It's, we've Organizations: Service, Cisco —, Google, Intel, Microsoft, Cisco

☆ Chelsea Manning avoids Google and Microsoft — and says she prefers Apple products for cybersecurity
▼ + stars: | 2024-10-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

She and Nym CEO Harry Halpin said they avoid Google and Microsoft products over security concerns. In her consulting role, she assesses clients' data privacy practices and makes recommendations to improve their security. Advertisement"I'm not saying that you have to go out and buy an iPhone or Apple products — I have no investment in Apple," Manning told BI. Halpin is a cryptographer and former senior research scientist at MIT, who said he also avoids Microsoft and Google products because of his concerns about keeping his data secure. Related storiesMicrosoft, Google, and Apple representatives did not respond to requests for comment from Business Insider about this story.

Persons: Chelsea Manning, Harry Halpin, —, Chelsea Manning —, Manning, Obama, doesn't, Nym's, Halpin, Chris Hauk, Dinesh Besiahgari, Besiahgari, it's, " Halpin Organizations: Google, Microsoft, Service, Army, Apple, MIT, Business, Trust, Security, Amazon Web Services

☆ OpenAI has secured a $157 billion valuation. Now comes the hard part.
▼ + stars: | 2024-10-03 | by ( Hasan Chowdhury | Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

OpenAI is now worth $157 billion, but it can't rest easy yet. Now comes the hard part: emerging victorious in a fiercely competitive AI industry. Though Sam Altman's company cemented its status as a frontrunner in the generative AI boom this week, securing a new $157 billion valuation after raising $6.6 billion of fresh capital from marquee investors, its leading position is hardly guaranteed. Sure, Altman's company now casts a massive shadow over the industry with its fresh $157 billion valuation. AI companies have been spending huge sums to purchase chips from Jensen Huang's Nvidia.

Persons: OpenAI, —, Sam Altman's, Sam Altman, Andrew Caballero, Reynolds, Altman, Elon Musk's, Ilya Sutskever, Nathan Benaich, Dario Amodei, Jensen, Jeff Chiu, Benaich, it's, VCs Organizations: Service, Valley's, Financial, Nvidia, SoftBank, Microsoft, Elon, Air Street Capital, The New York Times, Google, Big Tech, Meta Locations: Silicon Valley, AFP

☆ The OpenAI talent exodus has become the joke of the moment in tech world
▼ + stars: | 2024-09-26 | by ( Sarah Gray | ) www.businessinsider.com time to read: +5 min

Sutskever announced his departure from OpenAI in May and launched his own AI startup focused on safety. Of the 11 cofounders of OpenAI from 2015, only Altman, Brockman (who, again, is on leave), and Wojciech Zaremba remain. Daniel Kokotajlo and William Saunders, who previously worked on OpenAI's governance and safety teams, respectively, left OpenAI in the first half of 2023. AdvertisementAdditionally, OpenAI cofounder John Schulman left in August to join OpenAI rival Anthropic — where Leike also landed. On Wednesday, Meta announced that Meta AI is on track to be "the most used AI assistant in the world."

Persons: —, Mira Murati, Sam Altman, There's, OpenAI, Airbnb, KugtVv9o6N, Matt Turck, Altman, Murati, Ilya Sutskever, Greg Brockman, Brockman, Sutskever, Sam, Madeline, PnRxZSbGgx — sophie, Bob McGrew, Barret Zoph, Sarah Friar, Jakub Pachocki, Brad Lightcap, Kevin Weil, Wojciech Zaremba, Elon Musk, Musk, Jan Leike, Daniel Kokotajlo, William Saunders, John Schulman, Anthropic, Leike, Andrej Karpathy, Kokotajlo, Fortune Organizations: Service, Bloomberg, Business, Wired, OpenAI, —, Microsoft, Meta, Apple, Nvidia, Reuters Locations: OpenAI, Slack, —

☆ Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
▼ + stars: | 2024-09-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. Shopify — Shares of the e-commerce stock gained 2.6% after Redburn Atlantic upgraded Shopify to buy from neutral. Shopify should continue gaining market share as the U.S. social e-commerce market appears poised for explosive growth over the next few years. AppLovin — The mobile software company rose more than 2% after UBS upgraded shares to buy from neutral. Gannett — Citi upgraded the newspaper company to neutral from sell, sending shares higher by 4%.

Persons: Jefferies, Dell, AppLovin, Gannett, —, Fred Imbert, Sarah Min, Sean Conlon, Michelle Fox Theobald Organizations: Microsoft, Intel, Dell Technologies, Mizuho Securities, UBS, Gannett — Citi Locations: 4Q24

☆ Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more
▼ + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. Shopify — The e-commerce stock advanced nearly 2% after receiving an upgrade to buy from neutral at Redburn Atlantic. AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. GE Vernova — The energy stock rallied nearly 4% after Bank of America upgraded the stock to buy from neutral.

Persons: Marie Myers, Biden, Shopify, FanDuel, Michael McGovern, Andrew Obin, Philip Morris, — CNBC's Sean Conlon, Yun Li, Sarah Min, Samantha Subin Organizations: Hewlett Packard Enterprise, Bank of America, Microsoft, Intel, UBS, Gannett —, Citi, Gannett, GE, Vectura Group, Molex Asia Holdings, Vectura, Accenture —, Bloomberg Locations: U.S

☆ Is Nvidia's earnings report really make or break? Here's why we don't think so
▼ + stars: | 2024-08-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While expectations are high and caution is certainly warranted, we don't think it's quite that simple. While the Oscillator and Williams' work do point to possible selling pressure ahead, we don't want to get too bearish. However, we don't think the risks are so elevated as to warrant more than a small cash raise. We still view Nvidia as an "own it, don't trade it" stock, but we also don't keep our heads in the sand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Larry Williams, Williams, Jim, Estee Lauder, Morgan Stanley, hasn't, they've, We're, Jim Cramer's, Dominika Organizations: Nvidia, Club, Abbott Laboratories, Federal, Blackwell, Apple, Microsoft, Super Six, Jim Cramer's Charitable, CNBC, Nurphoto, Getty Locations: Williams

☆ Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
▼ + stars: | 2024-07-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices — Shares popped nearly 9% after the chipmaker's earnings and revenue beat analyst estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet.

Persons: DuPont, LSEG, Pinterest, FactSet, Dan Dolev, Kelly Ortberg, Dave Calhoun, AutoNation, StreetAccount, Kraft Heinz —, Greg Heckman, —, Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound, Samantha Subin Organizations: DuPont, Intel, Bloomberg, Microsoft, AMD, LSEG, Revenue, Nvidia, ASML, Arista Networks, Arista, Starbucks, Mizuho, Boeing, Collins Aerospace, Entertainment, Humana, Marriott, FactSet, Mobile, Nuclear Regulatory Commission, Nuclear, Constellation Energy, Constellation, Bunge Locations: Tuesday's, FactSet, Texas, U.S

☆ Stocks making the biggest moves after hours: Microsoft, Arista Networks, Advanced Micro Devices, Starbucks and more
▼ + stars: | 2024-07-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Arista Networks — The computer networking company added nearly 3% after beating Wall Street expectations on both lines in the second quarter. Arista posted adjusted earnings of $2.10 per share on $1.69 billion in revenue, while analysts polled by LSEG predicted $1.95 in earnings per share and $1.65 billion in revenue. Pinterest issued disappointing guidance for third-quarter revenue, giving a range of $885 million to $900 million and missing analysts' expectations. In its fiscal third quarter, Starbucks posted adjusted earnings of 93 cents per share, meeting expectations of analysts polled by LSEG. In the fiscal third quarter, Skyworks' adjusted earnings came in at $1.21 per share, in line with analysts' expectations, per LSEG.

Persons: LSEG, Pinterest, Mondelez, —, Darla Mercado, Jesse Pound, Pia Singh, Sarah Min Organizations: Microsoft, AMD, Arista Networks, Arista, Starbucks, LSEG, Revenue, Caesars Entertainment, Caesars, Western Union, FactSet, Entertainment, Ticketmaster, LSEG . Revenue Locations: Informatica, FactSet .

☆ CrowdStrike outage: We finally know what caused it - and how much it cost
▼ + stars: | 2024-07-24 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

CNN —Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty. The estimates come the same day that CrowdStrike issued a preliminary report on how it inadvertently caused the widespread IT meltdown. Numerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Only a small portion, around 10% to 20%, may be covered by cybersecurity insurance policies, Parametrix added. The company routinely tests its software updates before pushing them out to customers, CrowdStrike said in the report.

Persons: What’s, CrowdStrike, Parametrix, ” Fitch, —, Asia “, ” CrowdStrike, “, Sean Lyngaas Organizations: CNN, Fortune, Delta Air Lines, The Department of Transportation, Microsoft, Windows, United, Fitch, CrowdStrike Locations: Europe, Asia

☆ Stocks making the biggest premarket moves: CrowdStrike, American Express, SLB, Travelers and more
▼ + stars: | 2024-07-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

American Express — Shares fell nearly 2% after the financial company reported second-quarter revenue of $16.33 billion, below the $16.59 billion expected from analysts polled by LSEG. However, American Express' adjusted earnings per share were $3.49, above the $3.25 consensus estimate. Comerica's net interest income came in at $533 million, above the $530.5 million expected from analysts polled by FactSet. Analysts surveyed by LSEG were expecting $1.54 in earnings per share on $1.97 billion of revenue. Earnings per share came in at $2.51 per share, excluding items, topping the $1.98 LSEG consensus estimate.

Persons: Curtis Farmer, Morgan Stanley, LSEG Organizations: Microsoft, LSEG, American Express, Comerica, FactSet, Revenue, Arm Holdings

☆ Forget AI: These 3 overlooked areas of the stock market have 'coiled spring' upside, JPMorgan says
▼ + stars: | 2024-07-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInvestors are still overtaken by the frenzy for generative AI — but there are underappreciated areas of the market that could offer gains like "coiled springs," according to JPMorgan Asset Management. Related storiesBy the fourth quarter of 2024, JPMorgan expects earnings expansion for the other 493 S&P 500 stocks to match that of the Magnificent 7, a dynamic shown in the chart below. Earnings growth is expected to climb in the S&P 500, barring the Magnificent Seven stocks. These stocks are bound to see upside due to "unexpected resiliency" in the US economy and the rising need to transport materials.

Persons: —, Microsoft — Organizations: Service, Asset Management, Nvidia, Meta, Microsoft, Business, JPMorgan, JPMorgan Asset Management, Semiconductors

☆ How a Seattle couple achieved financial independence in their mid-30s after paying their way through school — and why they don't want to retire early
▼ + stars: | 2024-07-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Mai-lan Phan and her husband, Ryan Wagoner, both 36, reached financial independence, but neither wants to fully retire early. Many Americans are working to achieve financial independence — or having enough savings or income to live comfortably for life. Advertisement"I want to be able to walk away from any job if it's not working," Wagoner said. Nerve damage in her right hand prevented her from returning to work full-time. She said their finances were solid enough from not "keeping up with the Joneses" that she could work less while her husband continued to work full-time.

Persons: Phan, Ryan Wagoner, Wagoner, it's, —, I'm, we're, they've, she's, They've, — Phan, We've, we've Organizations: Service, Seahawks, Business, FIRE, Subway, Michigan State University, Microsoft Locations: Phan, Seattle, Michigan, Mexico, Paris, Thailand, Europe, Asia

☆ EU charges Microsoft with 'abusive' bundling of Teams and Office, breaching antitrust rules
▼ + stars: | 2024-06-25 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products. Microsoft took the pre-emptive step to unbundle Teams from Microsoft 365 in an effort to quash antitrust concerns by the EU. The EU opened its investigation into Microsoft — which remains ongoing — in July 2023 following a complaint by Salesforce -owned Slack, which has a rival chat service to Teams. The Commission's concerns are centered around the fact that, starting in around 2019, Microsoft tied Teams with its software-as-a-service — or SaaS — applications, such as Office. It notes that Microsoft is "dominant worldwide" in the SaaS market for professional productivity applications.

Persons: —, Brad Smith Organizations: Union, European, Microsoft, European Commission, EU, Salesforce, Economic

☆ Stocks making the biggest move premarket: SolarEdge, Pool Corp, Disney and more
▼ + stars: | 2024-06-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.

Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, —, Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France

☆ High valuations of Apple and Microsoft get a pass. Nvidia does not but should
▼ + stars: | 2024-06-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Sure enough, the next day began a historic ascent of Apple stock, an in-your-face rally that many thought made no sense. There's a coalescence of two themes, high speed, accelerated computing and increasingly intelligent AI, and neither works without Nvidia chips. I know that it seems impossible to ponder Nvidia's stock going any higher or passing Apple and Microsoft and staying ahead of it. Ask yourself, does any company match Jensen and Nvidia right now? I say let others be baffled over the Apple versus Microsoft versus Nvidia conundrum.

Persons: WWDC, Tim Cook, Tim, Claude, hasn't, Moore, Elon Musk, Nvidia's, Jensen Huang, Jensen, Ben Franklin, Franklin, Da Vinci, — Jensen, Steve Jobs, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Developers, Microsoft, Club, Dell, HP Inc, PC, Micron, Nvidia, Computers, Intel, AMD, Pentium, Taiwan Semiconductor Manufacturing Co, Franklin Institute, Oracle, Google, GTC Conference, Cisco, Jim Cramer's Charitable, CNBC Locations: Philadelphia, Rome, Jensen

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