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Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
CrowdStrike is a buy, just not yet. Here's why
On top of the beat-and-raise, CrowdStrike announced a 4-for-1 stock split. But short-term thinkers sold the stock.
Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers
Amazon engineers called out their employer for conducting mass layoffs while it commits to spending $200 billion this year on AI infrastructure.
Elon Musk's net worth poised to sail past $1 trillion in SpaceX IPO
Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.
Jim Cramer warns excess supply could be the next biggest threat to the bull market
CNBC's Jim Cramer warned that a growing wave of AI-related capital raises could overwhelm investor demand and create a near-term headwind for stocks.
CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10%
CrowdStrike shares have rallied nearly 60% this year on skyrocketing demand for cybersecurity in the age of advanced artificial intelligence.
Hidden beneath AI chips, Chinese-made circuit boards raise national security concerns in U.S.
With demand booming for printed circuit boards, the U.S. government is trying to boost domestic production to move away from reliance on China.
Broadcom stock plunges on weak software sales, unchanged AI chip forecast for the year
Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.
Bitcoin's high-conviction holders are turning into sellers as the crypto's price hits new lows
In the past two days, bitcoin's highest-conviction holders have sold about $2.4 billion in bitcoin.
Where Jim Cramer stands on CrowdStrike and Broadcom ahead of earnings
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Uber slashes people division by nearly a quarter. CEO says 'changes are necessary'
Uber said the cuts were not driven by AI, which has allowed many tech businesses to cut costs and automate workloads.
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