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Investors buy Amazon's vision for AI
CNBC Television· 2025-10-31 17:52
for a roundup of winners and losers. Let's kick things off with Mackenzie Seagalos and today's tech check. Hi there, Mac.Hey, Contessa. So, the Q3 print was all about Amazon selling the street on its AI vision and investors bought it, sending those shares surging by almost 11%. Now, CEO Andy Jasse, he pitched Amazon's strategy as simple.Own the compute backbone powering the next generation of AI companies. AWS grew just over 20%, its fastest pace in three years with Jasse saying that demand is so strong tha ...
Finally got to see Amazon's revenue acceleration from AI, says Citi's Ronald Josey
CNBC Television· 2025-10-31 17:48
Ron Josie joins me, internet senior analyst at city. So you must not be surprised at all to watch the stock doing what it's doing right now up more than 10%. >> Oh contestant, thanks for having me.I mean I think we are not surprised to see it up 10% because we finally got to see that reaceleration or at least the beginning phases of it based off the investments that they've made over the past call it year and a half or so. And so frankly the number one thing I think we and everyone in the street was looking ...
Final Trades: Rocket Companies, Meta, Cleveland-Cliffs, Bristol Myers
CNBC Television· 2025-10-31 17:33
Rocket Mortgage, great quarter, very tough environment that should be getting better. ...
Oppenheimer on Meta downgrade: Significant AI investments despite unknown revenues
CNBC Television· 2025-10-31 17:23
Joining me now is Jason Helstein, head of internet research at Oppenheimer. Um, so there's uncertainty around AI. We've kind of seen this before with the metaverse and meta.Uh, how much of this is kind of sentiment driven or what is missing from the meta equation that you would actually like to see. >> Sure. So the the company's basically giving you pretty um explicit commentary that spending is going up meaningfully.You can compare the adjectives used this quarter versus last quarter. But the point is the ...
Needham's Laura Martin: Apple finally laid out AI strategy, even though it's four quarters late
CNBC Television· 2025-10-31 17:05
Laura Martin, Needham senior internet and media analyst, joins CNBC's 'Money Movers' to discuss her reaction to tech earnings. ...
Former CEA chair: The government shutdown is really starting to hurt people
CNBC Television· 2025-10-31 17:03
Economic Impact - The report discusses the economic impact of the government shutdown [1] - The report features insights from Jared Bernstein, former chair of the Council of Economic Advisors [1] Government Policy - The report covers the latest news on the government shutdown [1]
Nvidia CEO Jensen Huang attends APEC CEO Summit
CNBC Television· 2025-10-31 17:00
Hey Carl. Well, Hang confirmed to me that he is strongly interested in in selling the Blackwell chip in China. This comes only days after President Trump had suggested that this advanced AI chip could be uh part of the negotiating table with President Xiinping.Now, at a briefing, um, I asked Hang what he thought the chances were that President Trump would approve the sale of the Blackwell chip to China given the rapid and, uh, quite hostile response from the, uh, US national security community uh, when Pres ...
SNAP benefits set to expire tomorrow as government shutdown drags on
CNBC Television· 2025-10-31 16:59
Welcome back. The government shutdown now in its 31st day and millions of Americans are set to lose SNAP benefits tomorrow. That's a supplemental nutrition assistance program.Our Emily Wilkins has the details. Hi Emily. Hey Courtney.Well, yeah, 42 million Americans currently get benefits through SNAP and depending on what state they're in, they could all completely go away tomorrow. Some states say they could hold on for a bit. But what's really interesting here is that from everything we've seen for the sh ...
BofA's Francisco Blanch: We have a surplus of oil and prices will likely keep trending lower
CNBC Television· 2025-10-31 16:58
Francisco Blanch, Bank of America head of commodities and derivatives research, joins CNBC's 'Money Movers' to discuss outlooks on oil. ...
Where things stand on Warner Bros. Discovery potential sale
CNBC Television· 2025-10-31 16:57
Welcome back. Keeping an eye on shares of Warner Brothers Discovery. Of course, it's in sale mode as we first told you.When was that. Was that just last week. I don't know.Time goes by, doesn't it. Um, but there it is up another three and a half%. A lot of enthusiasm perhaps around the idea that there is going to be more than one bidder.That bidder obviously having been paramount, which ended its uh previous approach at 2350 as we've uh reported. Um, and I can certainly tell you that there's plenty of activ ...