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Microsoft is announcing a new Surface Laptop Studio, along with the Surface Pro 8, Surface Go 3, a Surface Pro X with wi-fi and the second-generation Surface Duo smartphone.
Microsoft

Microsoft announced five new Surface products on Wednesday, including a laptop, three tablets and a new folding phone.

Microsoft doesn’t make a lot of money from hardware. Just 4% of the company’s revenue in the second quarter came from devices. The global PC market is led by Lenovo, HP, Dell and Apple, according to Gartner’s estimates.

While these enhancements might help maintain Surface revenue growth, it’s more likely they’ll promote the forthcoming Windows 11 operating system and Office productivity applications, both of which are more meaningful parts of Microsoft’s business, and inspire the work of fellow device makers.

Windows 11 comes out on Oct. 5, and the new PCs and phone Microsoft announced will launch at the same time. Pre-orders begin Wednesday in select markets. That means the devices are launching after the back-to-school shopping rush but will be coming in time for the holidays.

Here’s a rundown of the new Surface devices:

Surface Laptop Studio

Microsoft’s Surface Laptop Studio has a display you can tilt easily.
Microsoft

Microsoft announced its first Surface Laptop Studio computer, which draws inspiration from its all-in-one Surface Studio 2 desktop, which still hasn’t been refreshed since 2018. The $1,600 Surface Laptop Studio will replace Microsoft’s existing Surface Laptop and offers a new design.

It has a special hinge that lets you tilt the 14-inch display at an angle that covers the keyboard, which brings the screen closer and makes it easier to write on. Or, you can flip it over and use the Laptop Studio like a tablet. Unlike the Surface Laptop, however, the screen doesn’t detach.

Microsoft’s Surface Slim Pen 2 can be securely nestled near the bottom of the Surface Laptop Studio.
Jordan Novet | CNBC

Customers can conceal and charge the new $130 Surface Slim Pen 2 beneath the Surface Laptop Studio’s keyboard. The new Surface Pen has a finer point than the model it replaces and contains a motor that gives haptic feedback in response to events in some programs. A haptic trackpad on the computer provides a more pleasant clicking experience than previous Surface machines.

Surface Pro 8

Microsoft’s Surface Pro 8 has a new tray to securely store and charge the new Surface Slim Pen 2.
Microsoft

Microsoft also announced its flagship Surface Pro 8 tablet. The company reportedly delayed the release last year. The Surface Pro 8 starts at $1,100, compared with the $750 starting price of the Surface Pro 7, which came out in 2019.

The new model has a 13-inch display, which is larger than the 12.3-inch display on its predecessor, although the tablet is now slightly wider and heavier. The display has an adaptive color feature that adjusts the white balance to make viewing more comfortable. It’s been available on Apple’s MacBooks for years. The screen also has a dynamic refresh rate of up to 120Hz, which can help save battery life and makes scrolling smoother.

The Microsoft Surface Pro 8 with optional detachable keyboard.
Jordan Novet | CNBC

An optional $180 detachable keyboard has a spot to stow away and charge the new Slim Pen. Consumers can configure the new system with 11th-generation Intel Core chips and as much as 32GB of RAM. Microsoft said Pro 8 gets as much as 16 hours of battery life, compared with up to 10.5 hours on the Pro 7.

Surface Duo 2 phone

Microsoft’s Surface Duo 2 has a three-lens camera.
Microsoft

Microsoft’s first Surface Duo smartphone was a flop. It launched last year with buggy software and specs that were behind similarly priced phones. The new Surface Duo 2 delivers some of the features missing from last year’s model, like several new cameras, 5G support, near-field communications for mobile payments and stereo speakers. And it comes with the same Qualcomm Snapdragon 888 chip used in other flagship phones like Samsung’s latest Galaxy devices.

While the two screens of the Surface Duo are closed, the rounded edges of the glass can show the time, as well as the number of missed calls, Teams messages and text messages.
Jordan Novet | CNBC

Like last year’s version, the Surface Duo 2 opens up to reveal two 5.8-inch screens that can be used together. You might run one app on one screen and another on the opposite display, for example. Or, you can stretch a single app across both displays and take advantage of 8.3-inches of space.

The Surface Duo 2 features curved glass displays.
Microsoft

The displays have a 90hz refresh rate, which should make scrolling and moving around apps smoother. Another new feature: when closed, the phone will show small notifications along the hinge.

It still isn’t as water-resistant as other phones and doesn’t have wireless charging.

The Surface Duo 2 starts at $1,500, which is $100 more than the original. It will ship in white or black.

Surface Go 3

The Surface Go 3.
Microsoft

Microsoft refreshed its Surface Go 3, a miniature version of its Surface Pro tablet. It starts at $400, without the keyboard, and can be configured with up to an Intel Core i3 chip, which Microsoft says is 60% faster than the chip used in last year’s Surface Go 2.

The company said the Surface Go 3 gets up to 11 hours of battery life, while the older version got up to 10. A variant with built-in LTE connectivity will become available in the next few months but, notably, 5G support is missing.

Surface Pro X

Microsoft will release a wi-fi version of its Arm-based Surface Pro X.
Microsoft

Lastly, Microsoft announced a new Wi-Fi-only version of the Surface Pro X, a tablet that was first launched in 2019 with LTE cellular support. It’s the first version to come with just Wi-Fi and it costs $900, down just $100 from the original model, even though it has the same chip and lacks any other notable hardware changes.

But, Windows 11 will enable the device to run specific 64-bit apps through emulation. That could mean people will be able to run more apps than they could when the first model launched.

WATCH: Microsoft announced $60 billion stock buyback program

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CrowdStrike shares drop on weak revenue guidance

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CrowdStrike shares drop on weak revenue guidance

George Kurtz, chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.

Patrick T. Fallon | Bloomberg | Getty Images

CrowdStrike shares fell 7% in extended trading on Tuesday after the security software maker issued a weaker-than-expected revenue forecast.

Here’s how the company did against LSEG consensus:

  • Earnings per share: 73 cents, adjusted vs. 65 cents expected
  • Revenue: $1.10 billion vs. $1.10 billion expected

Revenue increased by nearly 20% in the fiscal first quarter, which ended on April 30, according to a statement. The company registered a net loss of $110.2 million, or 44 cents per share, compared with net income of $42.8 million, or 17 cents per share, in the same quarter last year.

Costs rose in sales and marketing as well as in research and development and administration, partly because of a broad software outage last summer.

For the current quarter, CrowdStrike called for 82 cents to 84 cents in adjusted earnings per share on $1.14 billion to $1.15 million in revenue. Analysts polled by LSEG were expecting 81 cents per share and $1.16 billion in revenue.

CrowdStrike bumped up its guidance for full-year earnings but maintained its expectation for revenue. The company now sees $3.44 to $3.56 in adjusted earnings per share, with $4.74 billion to $4.81 billion in revenue. The LSEG consensus was $3.43 per share and $4.77 billion in revenue. The earnings guidance provided in March was $3.33 to $3.45 in adjusted earnings per share.

Also on Tuesday, CrowdStrike said it had earmarked $1 billion for share buybacks.

“Today’s announced share repurchase reflects our confidence in CrowdStrike’s future and unwavering mission of stopping breaches,” CEO George Kurtz said in the statement.

As of Tuesday’s close, the stock was up 43% so far in 2025, while the S&P 500 index had gained less than 2%.

Executives will discuss the results on a conference call with analysts starting at 5 p.m. ET.

WATCH: Trade Tracker: Malcolm Ethridge buys more CrowdStrike, Palo Alto Networks, Spotify and Oracle

Trade Tracker: Malcolm Ethridge buys more CrowdStrike, Palo Alto Networks, Spotify and Oracle

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Nvidia tops Microsoft, regains most valuable company title for first time since January

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Nvidia tops Microsoft, regains most valuable company title for first time since January

Nvidia CEO Jensen Huang speaks as he visits Lawrence Berkeley National Lab to announce a U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S., May 29, 2025.

Manuel Orbegozo | Reuters

Nvidia passed Microsoft in market cap on Tuesday, once again becoming the most valuable publicly traded company in the world.

Shares of the artificial intelligence chipmaker rose about 3% on Tuesday to $141.40, and the stock has surged nearly 24% in the past month as Nvidia’s growth has persisted even through export control and tariff concerns.

The company now has a $3.45 trillion market cap. Microsoft closed Tuesday with a $3.44 trillion market cap.

Nvidia has been trading places with Apple and Microsoft at the top of the market cap ranks since last June. The last time Nvidia was the most-valuable company was on Jan. 24.

Nvidia and other chip named boosted markets Tuesday. Broadcom rose by 3%, and Micron Technology gained 4%. The VanEck Semiconductor ETF, which tracks a basket of chip stocks, gained 2%.

Read more CNBC tech news

Last week, Nvidia reported 96 cents in adjusted earnings per share on $44.06 billion in sales in its fiscal first quarter. That represented 69% growth from the year-ago period, an incredible growth rate for a company as large as Nvidia.

Nvidia’s growth has been fueled by its AI chips, which are used by companies like OpenAI to develop software like ChatGPT.

Companies including Microsoft, Meta, Google, Amazon, Oracle, and xAI have been purchasing Nvidia’s AI accelerators in massive quantities to build ever-larger clusters of computers for advanced AI work.

Nvidia was founded in 1993 to produce chips for playing 3D games, but in recent years, it has taken off as scientists and researchers found that the same Nvidia chip designs that could render computer graphics were ideal for the kind of parallel processing needed for AI.

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Nvidia’s Jensen Huang says Nintendo Switch 2 has dedicated AI processors

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Nvidia's Jensen Huang says Nintendo Switch 2 has dedicated AI processors

An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the Excel London international exhibition and convention centre in London on April 11, 2025.

Isabel Infantes | Reuters

Nvidia CEO Jensen Huang on Tuesday talked up the capabilities of Nintendo‘s new Switch 2, days before the long-awaited console is set to hit store shelves.

In a video posted by Nintendo, Huang called the chip inside the Switch 2 “unlike anything we’ve built before.”

“It brings together three breakthroughs: The most advanced graphics ever in a mobile device, full hardware ray tracing, high dynamic range for brighter highlights and deeper shadows, and an architecture that supports backward compatibility,” Huang said.

He added that the console has dedicated artificial intelligence processors to “sharpen, animate and enhance gameplay in real time.”

Read more CNBC tech news

Huang’s comments come as Nintendo prepares to release the Switch 2 on Thursday. The Switch 2 is Nintendo’s first new console in eight years, and it is expected to be a bigger and faster version of its predecessor. The device costs $449.99.

Huang also paid tribute to the vision of former Nintendo CEO Satoru Iwata, who died before the original Switch was released.

“Switch 2 is more than a new console,” Huang said. “It’s a new chapter worthy of Iwata Son’s vision.”

WATCH: Nintendo expects to sell 15 million units of the Switch 2

Nintendo expects to sell 15 million units of the Switch 2

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