Technology -

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OpenAI hasn’t held pre-IPO meetings or set timeline yet

TazaPulseJune 26, 2026

OpenAI hasn’t yet held pre-IPO meetings to discuss potential pricing and demand, or outlined an official timeline for the listing, according to sources familiar with the company’s plans. Those meetings to test the waters with investors will likely start once the artificial intelligence company has a better sense of timing, said the people, who asked...

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ON Semiconductor stock tanks 20% following Synaptics deal

TazaPulseJune 26, 2026

ON Semiconductor CEO Hassane El-Khoury defended the company’s core business as shares tanked 20% after announcing its largest acquisition to capitalize on physical artificial intelligence. The maker of power and sensing components for the automotive industry on Thursday announced plans to buy edge AI and wireless connectivity solutions company Synaptics in an all-stock deal. The...

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Billionaire investor Jeremy Grantham says bitcoin will ‘dwindle away with a whimper’

TazaPulseJune 26, 2026

Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades. The co-founder of investment firm GMO and a longtime market commentator known for his calls on asset bubbles, said bitcoin is a “useless, speculative” asset without intrinsic value, speaking on CNBC’s “Squawk Box” Friday. He also said bitcoin...

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OpenAI, Anthropic new AI spending reality as users shift to efficiency

TazaPulseJune 26, 2026

India’s Prime Minister Narendra Modi (L) takes a group photo with AI company leaders including OpenAI CEO Sam Altman (C) and Anthropic CEO Dario Amodei (R) at the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Flo Crivello’s expenses were out of whack, and there was...

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5 things to know before the stock market opens Friday

TazaPulseJune 26, 2026

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. If you were following the meme stock-ification of Wendy’s, the fast-food chain’s surge didn’t extend to a second day. Stock futures are lower this morning. The S&P 500 ended yesterday near flat. Here are five key things investors need to...

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SK Hynix prepares U.S. listing — why HSBC sees a 20% premium

TazaPulseJune 26, 2026

Recently announced plans for South Korean chipmaker SK Hynix to list shares on the Nasdaq could lift the value of the stock by 20%, according to HSBC analysts. Regulatory filings revealed this week show SK Hynix is hoping to raise around $29 billion on the tech-heavy exchange by issuing American depositary receipts (ADRs). HSBC analysts...

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Micron falls 5% in premarket, paring earlier gains amid tech rout

TazaPulseJune 26, 2026

Samuel Boivin | Nurphoto | Getty Images Micron Technology’s shares tumbled on Friday, paring gains from earlier in the week after reporting blowout earnings. The memory chipmaker declined nearly 5% in premarket trading as other U.S. semiconductor firms also struggled. Intel was last down just over 3%, Sandisk fell 5%, Arm shed 4%, and Marvell declined 3.7%. Investors remain wary of the...

Technology

tech rout in Asia and Wall Street

TazaPulseJune 26, 2026

The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025. Kazuhiro Nogi | AFP | Getty Images SoftBank Group plunged more than 11% on Friday, leading a broad selloff in Asian technology stocks, amid mounting concerns over the rising cost of artificial intelligence infrastructure. The Japanese conglomerate led...

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Apple stock gets slammed on bigger Mac, iPad price hikes. Why it can weather the storm

TazaPulseJune 26, 2026

Apple shares took a big hit Thursday after the company announced bigger-than-expected price hikes on its MacBooks and iPads. It’s a bump in the road — but one that the tech giant is well-equipped to handle. The stock had its worst single session in more than a year, falling more than 6%, as management made...

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On Semi strikes $7 billion deal for Synaptics in physical AI push

TazaPulseJune 26, 2026

On Semiconductor has agreed to buy Synaptics in a nearly $7 billion all-stock deal to bolster its push into physical artificial intelligence technology. The Arizona-based company said the deal will give its total addressable market a $30 billion boost to $243 billion by 2030 and strengthen its intelligence systems portfolio. It’s also the company’s largest...