CNBC

While hyperscalers are getting rewarded for their big spending plans, smaller companies are getting punished by investors.

CEO Tom Hale spoke with CNBC’s Arjun Kharpal in an exclusive interview at Web Summit in Lisbon, Portugal.  

Apple has removed two popular gay dating apps from its Chinese iOS Store after receiving an order from Beijing’s main internet regulator and censorship authority.

Investors piled back into artificial intelligence names on Monday stateside. “AI-related stocks should drive equity markets,” an analyst said.

The Japanese conglomerate said Tuesday it sold 32.1 million shares of Nvidia in October.

SoftBank’s stock has slumped in the past week as concerns of an artificial intelligence bubble sent jitters through global markets.

Sony Group on Tuesday reported a increase in its second-quarter operating profit that beat expectations on strength from its Music and Imaging divisions.

Tesla CEO Elon Musk received less support from shareholders for his trillion-dollar pay plan than he did when his prior package was put up for a vote.

On top of deals with Meta and OpenAI, CoreWeave pointed to expansions from a large unnamed customer in the third quarter.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.