Jordan Novet

Articles by Jordan Novet

Salesforce stock jumps 12% on AI growth and Anthropic investment gain - CNBC

Business August 28, 2026

Salesforce shares soared 12% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections. Here's how the company did οΏ½...

Salesforce stock jumps 14% on AI growth and Anthropic investment gain - CNBC

Business August 27, 2026

Salesforce shares soared 14% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections. Here's how the company did οΏ½...

Microsoft touts cost-saving AI model for cybersecurity - CNBC

Technology July 28, 2026

Microsoft on Monday talked up a new artificial intelligence model for spotting cybersecurity vulnerabilities. The move marks the company's first major push to rejuvenate its cybersecurity business siοΏ½...

Oracle signs 10-year software contract with Pentagon worth up to $7 billion - CNBC

Business July 24, 2026

The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software maker, which has been punished by investors this year. The stock rose aboutοΏ½...

Elon Musk and Sam Altman spar on X after Apple files OpenAI lawsuit - CNBC

Business July 13, 2026

Elon Musk and Sam Altman criticized each other in new posts on X, highlighting the billionaires' long-standing tussle over OpenAI's evolution. Musk and Altman helped to start OpenAI in 2015 as a nonοΏ½...

Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios - CNBC

Business July 7, 2026

Microsoft is eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff in the software giant's latest effort to cut costs in theοΏ½...

Microsoft lifts price of Xbox consoles due to soaring component costs - CNBC

Technology June 26, 2026

Hours after Appleannounced price increases for MacBooks and iPads, Microsoft said consumers can also expect to pay more for Xbox game consoles, reflecting rising component costs. Starting Aug. 1, XbοΏ½...

Cerebras falls 8% after chipmaker forecasts shrinking margin in first earnings report since IPO - CNBC

Business June 25, 2026

Cerebras said revenue almost doubled in the AI chipmaker's first earnings report since its initial public offering last month. The stock fell 10% in extended trading as the company forecast a drop inοΏ½...

Super Micro stock jumps 18% on guidance beat as revenue more than doubles - CNBC

Business May 7, 2026

Super Micro Computer shares jumped 18% in extended trading on Tuesday after the server maker issued strong guidance, although revenue for its fiscal third quarter came in below estimates. Here's hoοΏ½...

Microsoft Xbox CEO overhauls leadership amid sinking sales: 'We need to evolve how we work' - CNBC

Technology May 6, 2026

MicrosoftXbox CEO Asha Sharma told employees in a Tuesday memo that she's appointing new leaders, as the software company looks to return its video game unit to growth. Sharma moved to Xbox in FebruοΏ½...