Tech
Stocks Plunge As Tech Names Like Apple Sell Off: CNBC After Hours
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines, including the latest on Wall Street’s big tech-driven sell-off. On today’s show, CNBC.com’s Brian Schwartz breaks down the significance of Democratic presidential nominee Joe Biden’s record-breaking fundraising haul. Plus, CNBC’s Brian Sullivan explains how much trouble lies ahead for the oil and gas industry in the United States.
0:30 — Wall Street Scoreboard
1:10 — Biden’s fundraising record
4:30 — CNBC Soundcheck (edited)
7:12 — Big Oil Trouble
11:00 — Numbers Round
CORRECTION At 7:18, this video misstated the percent of change in travelers passing through U.S. airport checkpoints. Based on data from the TSA, it was a 70 percent decline.
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A leak by Indian supplier Tata Electronics, purportedly of the yet-to-be-released iPhone 18 Pro models, has become marketing gold for the Chinese government. The Communist Party paper, The Global Times, is using the leak – caused by a cyberattack – as a cautionary tale for Apple and other American companies that are in the process of diversifying their supply chains away from China. CNBC’s Eunice Yoon reports.
00:58 Correction: The location tag should be Beijing, China.
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China’s Swagger After India’s iPhone 18 Leak
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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Warner Music Group, the third-largest music label by market share, is tapping into the South Asian music movement with its latest venture.
CNBC’s Laya Neelakandan explains.
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Micron’s hometown of Boise, Idaho has a growing crop of newly minted millionaires.
The AI-driven memory boom is showing up in the form of job growth, new construction projects, a bustling dining scene and an influx in new residents.
CNBC’s Katie Tarasov explains. Find the full report in related video.
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Half of single Americans say they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO’s 2026 survey.
But, the cost of dating itself is only part of the story. For millions of users, finding a date means paying for the apps.
Watch the full story in related video.
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@utsee9682
December 28, 2023 at 12:27 am
They have a car coming out. Great. Go AAPL. But will mall kiosks extend product lines to windshield protectors ? Oh, and will rain exposure void the warranty?
@csp-globalorg4462
December 28, 2023 at 12:27 am
Best Web-Design – Voice text Reading http://orablyro.com/1Sdu click continue to test it down
@castiron3296
December 28, 2023 at 12:27 am
Face book will ban political adds??
I think it’s time to ban Face book!!
@aetclub5341
December 28, 2023 at 12:27 am
Safe and sound
@duane-thesuccessking
December 28, 2023 at 12:27 am
I talk to so many people who ask "Should I sell now since the market is up and down"? I tell them that investing in stocks is really not a short game. When you consider buying a company only buy it if you plan to keep it 10 years. What I mean by this is if you do not really believe in this company you are usually uninformed about it and are moving off some idea that someone told you or some other unintelligent reason. Buy what you buy because you believe. We are in a pandemic and this market will see correction soon. We will come out slowly, but we will come out. So buy and keep buying! And if you are in it for the short-term place a "stop loss" that allows you to be comfortable with your risk.
@sturmbreakers7817
December 28, 2023 at 12:27 am
Starlink AKA Skynet
@mangaka7
December 28, 2023 at 12:27 am
STONKS
@outthere7042
December 28, 2023 at 12:27 am
5:37 dude has "Bad Blood" book on his shelf twice.
@benfranklin9519
December 28, 2023 at 12:27 am
Is it true Apple has supply chain problems with its IPhone 12 so it won't come with high refresh rate screens and will be delayed?
@sandybayes
December 28, 2023 at 12:27 am
Sounds like a vote of confidence for Biden.
@josephrollins4505
December 28, 2023 at 12:27 am
Gee I wonder why??🤔 even after all those bailouts. hey go figure, can’t continue to make money with no consumers. Probably a good idea to start cutting more stimulus checks and increase that unemployment. Other wise we are looking at a modern Great Depression that’s if we’re not already there.🤷🏾♂️
@maicopinto3406
December 28, 2023 at 12:27 am
this people are ever ready to see every one down trying to bring one man down,,,The globalists are manipulating all this to frustrate Trump out of office but Trump is gonna be re elected then i wonder whats gonna become of all of us
@maicopinto3406
December 28, 2023 at 12:27 am
out of chaos comes an order the doom of many in this business is the boom of others everthing to me seems to be manipulated to force too many people to sale
@farmerchick3040
December 28, 2023 at 12:27 am
Every one sold shares quick.
@sweetlildevil7597
December 28, 2023 at 12:27 am
Yeah, but in all fairness people who are donating to BLM don't realize they're donating to Joe Biden. They think they're standing to a stand alone organization but it's really being given to him. And there is no way that during the pandemic, slumping economy, and record job losses that most of the money is coming from "grassroots" — You guys may accept Biden's word for it but I don't. Sorry.
@wannabe8487
December 28, 2023 at 12:27 am
Please wear a lower cut top and bleach your hair platinum.
@1mezion
December 28, 2023 at 12:27 am
You can't believe everything Elon Musk says. And as far as these jobs are concerned who's getting these jobs I tell you I've gotten so cynical
@junglist1soldier
December 28, 2023 at 12:27 am
Nice how politicians can raise millions of dollars while, the rest of the country is struggling.
@joefunk76
December 28, 2023 at 12:27 am
A number that can only be positive (e.g., the number of travelers passing through U.S. airports) cannot fall by more than 100% because you cannot have fewer than zero, or “negative”, travelers passing through U.S. airports over any length of time.
@goolooggg9005
December 28, 2023 at 12:27 am
Beginning of Wall Street apocalypse 👏
@stefanoliver9529
December 28, 2023 at 12:27 am
How can the number of people passing through check points drop more than 100%???
@LA_Home_Deals_Texas
December 28, 2023 at 12:27 am
I worked for one of the biggest health insurance company and all travels and company meeting have been cancels and shift virtually until July 2021….Thank you Trump for the out of control pandemic and life disturbance…not counting all lifes ongoing lost, recession economy…
@kirksway1
December 28, 2023 at 12:27 am
A Jeep Wagoneer costing $100,000… welcome to 2020.
@Eternalwarpuppy
December 28, 2023 at 12:27 am
People need to take their money out of political campaigns and put it back into the NASDAQ
@barrystclair1961
December 28, 2023 at 12:27 am
Black Life’s Matter. Raised Him over 50 million 🤔‼️‼️🇺🇸🔚
@MyJaxJingles
December 28, 2023 at 12:27 am
She us so stylish. Cute top.
@mongevoador
December 28, 2023 at 12:27 am
Gasoline is needed to fuel planes? What planes, Cessna Skylanes? Please, lady, do your homework. You were talking about jet fuel. Querosene-based.
@erins.5420
December 28, 2023 at 12:27 am
Curious how the most profiting companies during the epidemic had stocks fall. The epidemic isn’t over but stocks are falling. Hmmm.
@Top5tips
December 28, 2023 at 12:27 am
😭😭That random person who liked my comments may you and your parents live more than 100 years 🙏..
@vladimirseven777
December 28, 2023 at 12:27 am
Time to shower stock market with another 2 trillions.
@danielduerst5067
December 28, 2023 at 12:27 am
Keep the Lying alive with Biden
@spiloFTW
December 28, 2023 at 12:27 am
Man they sure are working hard to make Biden look like he has a chance 😀 😀 I cant wait for Ivanka 2024 😀
@radnarain558
December 28, 2023 at 12:27 am
Dear America don't worry too much about Democrats and Republicans you have been sold down the river a long time ago
@crypto-investltd7871
December 28, 2023 at 12:27 am
I made a few rather modest investments in individual companies There are so many stocks going to rocket in the long run… right now safe to invest in an ETF that tracks the S&P500 and ride it out. I put $170k into some growth stocks with a Financial advisor/broker handling my portfolio… some of my picks are, NVR, LISP.SW, SEB ,DOWJ, BRK-A, AAPL, NYSE, NASDAQ, TSLA, I've had a 110% increase so far this year , just felt to share ..
@Shaddowkhan
December 28, 2023 at 12:27 am
I never understood why campaign funding was so integral to political elections.
@quartytypo
December 28, 2023 at 12:27 am
Mixing politics and finance, drives away customers like the NBA.