Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024.Adobe said Wednesday that it reached a deal to acquire search engine marketing platform Semrush for $1.9 billion to boost its tools for marketers in the age of artificial intelligence.Semrush shares skyrocketed more than 70%, while Adobe fell about 2%.The design software firm said it will pay $12 a share for Semrush in an all-cash transaction. The deal is expected to close during the ...

The stream was slated to start at 11:00 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.Tesla CEO Elon Musk and Nvidia CEO Jensen Huang will speak in Washington at the U.S.-Saudi Investment Forum Wednesday at The Kennedy Center. The two tech moguls will discuss artificial intelligence, advanced computing and digital infrastructure with Abdullah A. Alswaha, Saudi Arabia's communications and technology information minister.The even ...

Walmart is in talks to buy a startup called R&A Data, a company founded by two Israeli scientists that works to reduce scams and counterfeits on online marketplaces, according to people familiar with the matter and records reviewed by CNBC. The acquisition would come at a key time for the largest U.S. retailer as incoming CEO John Furner prepares to take the helm early next year. Walmart's third-party marketplace has become a central part of the company's strategy to increase profits faster than sales, and ...

In this articleP911-DEThe 2026 Porsche Cayenne Electric SUVPorschePorsche on Wednesday revealed an all-electric version of its Cayenne SUV, calling it the "most powerful" production vehicle ever made by the German sports car manufacturer.The 2026 Cayenne EV is capable of 1,139 horsepower, 0-60 mph in 2.4 seconds and up to 1,106 foot-pounds of torque, according to Porsche. Its top speed is up to 162 mph, the company said. The car that previously had the title of "most powerful road-legal Porsche" was the Tay ...

During the third quarter, comparable sales rose 5%, far ahead of expectations of 3.7% growth, according to StreetAccount. Shares rose more than 2% in premarket trading. Here's how TJX performed during the quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: The company's reported net income for the three-month period that ended Nov. 1 was $1.44 billion, or $1.28 per share, compared with $1.30 billion, or $1.14 per share, a year earlier. Sales rose to $15.12 billion ...

Blue Owl has decided to call off the merging of two of its private-credit funds after the deal caused some angst among investors, according to people familiar with the matter. The firm had planned to merge its smaller, non-traded Blue Owl Capital Corporation II (OBDC II), into the larger, publicly traded fund Blue Owl Capital Corporation (OBDC). In doing so, the firm restricted investors in the $1.7 billion OBDC II from redeeming until the deal closed, even as the merger would have meant about 20% paper los ...

The Nvidia logo is displayed on a building at Nvidia headquarters on August 27, 2025 in Santa Clara, California.Justin Sullivan | Getty Images News | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. AI warsWall Street may be losing some of its excitement for artificial intelligence, but the battle among major technology companies for dominance in the field hasn't cooled. A ...

In an aerial view, a customer enters a Lowe's store on May 21, 2025 in Cotati, California.Lowe's on Wednesday posted a year over year sales increase for the quarter, but the company lowered its full-year profit outlook slightly to reflect a tougher economic backdrop.The home improvement retailer now expects full-year total sales to be $86 billion, up from its previous expectations of $84.5 to $85.5 billion, because of a recent acquisition. However, it said it expects comparable sales, an industry metric tha ...

Group 1: Market Sentiment - Global investor sentiment for artificial intelligence remains strong despite ongoing sell-offs in equity markets [1] - European and Asia markets have experienced consecutive losses, following the downward trend of U.S. markets, particularly affecting AI-related stocks [1] Group 2: U.S. Market Dynamics - U.S. stock futures showed little change as major indexes continued to decline, with AI stocks like Nvidia, Palantir, and Microsoft under pressure [2] - Analysts believe the current pullback is specific to the AI sector and not indicative of a broader bear market [2] Group 3: Investment Strategy - The current market situation presents an opportunity for investors to rebalance their portfolios, as many have seen good performance in AI stocks despite recent declines [2] - There is a consensus that the market has been in correction for six weeks, but this does not signify the end of the AI investment cycle [3]

Core Insights - Investment in artificial intelligence (AI) companies continues to grow, with Microsoft and Nvidia committing a total of $15 billion to Anthropic, an AI competitor to OpenAI [1] - Despite significant investments, major AI stocks like Nvidia, Amazon, and Microsoft have seen declines, contributing to a four-day losing streak for the S&P 500, the longest since August [1][2] - Google has introduced the third version of its AI model, Gemini, which aims to provide deeper insights rather than superficial responses [1] Company Developments - Microsoft and Nvidia's investment in Anthropic indicates a trend where established companies are backing AI startups while also securing business agreements for compute power [1] - Nvidia's upcoming earnings report is critical; failure to meet investor expectations could lead to further declines in the S&P 500 [2] Market Sentiment - Investor skepticism towards AI stocks persists, as evidenced by the recent performance of major companies in the sector [1] - The overall market reaction suggests a cautious outlook on AI investments despite ongoing funding and development in the industry [1]