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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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Tesla’s stock erases loss for the year, soaring 85% from April low

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Tesla's stock erases loss for the year, soaring 85% from April low

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.

Hamad I Mohammed | Reuters

Tesla’s shares have finally turned positive for the year.

After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President Donald Trump’s announcement of sweeping new tariffs, Wall Street has again rallied around the electric vehicle maker.

The stock rose 3.6% on Monday to $410.26, topping its closing price of 2024 by over $6. It’s up 85% since bottoming for the year at $221.86 on April 4. A new filing revealed that CEO Elon Musk purchased about $1 billion worth of shares in the company through his family foundation.

It’s the second straight year Tesla has bounced back after a down first quarter. Last year, the shares fell 29% in the first three months before ending up 63% for 2024.

In recent weeks, analysts have praised the EV maker’s proposed pay plan for Musk, which could amount to a $1 trillion windfall for the world’s richest person over the next decade. The company has also gotten a boost from its new MegaBlocks battery energy storage systems that Tesla ships preassembled to businesses looking to lower their power costs or make greater use of electricity from renewable resources.

Even with the rebound, Tesla is the second-worst performer this year among tech’s megacaps, ahead of only Apple, which is down about 5% in 2025. Tesla is still in the midst of a multi-quarter sales slump due to an aging lineup of EVs and increased competition from lower-cost competitors in China, namely BYD.

Tesla has seen a consumer backlash, in part because of Musk’s political activities, including spending nearly $300 million to propel President Trump back to the White House and his work with the Trump administration to slash the federal workforce.

Tesla leadership has been working to shift investors’ attention to other topics such as robotaxis and humanoid robots.

However, the company has yet to deliver vehicles that are safe to use without a human onboard and ready to take control if needed. And while Musk is touting Tesla’s Optimus robots, which he says will be able to do everything from factory work to babysitting, a product is still a long way from hitting the market.

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Alphabet becomes fourth company to reach $3 trillion market cap

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Alphabet becomes fourth company to reach  trillion market cap

Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025.

Camille Cohen | Afp | Getty Images

Alphabet has joined the $3 trillion club.

Shares of the search giant jumped more than 4% on Monday, pushing the company into territory occupied only by Nvidia, Microsoft and Apple.

The stock got a big lift in early September from an antitrust ruling by a judge, whose penalties came in lighter than shareholders feared. The U.S. Department of Justice wanted Google to be forced to divest its Chrome browser, and last year a district court ruled that the company held an illegal monopoly in search and related advertising.

But Judge Amit Mehta decided against the most severe consequences proposed by the DOJ, which sent shares soaring to a record. After the big rally, President Donald Trump congratulated the company and called it “a very good day.”

Read more CNBC tech news

Alphabet shares are now up more than 30% this year, compared to the 15% gain for the Nasdaq.

The $3 trillion milestone comes roughly 20 years after Google’s IPO and a little more than 10 years after the creation of Alphabet as a holding company, with Google its prime subsidiary.

CEO Sundar Pichai was named CEO of Alphabet in 2019, replacing co-founder Larry Page. Pichai’s latest challenge has been the surge of new competition due to the rise of artificial intelligence, which the company has had to manage through while also fending off an aggressive set of regulators in the U.S. and Europe.

The rise of Perplexity and OpenAI ended up helping Google land the recent favorable antitrust ruling. The company’s hopes of becoming a major AI player largely ride with Gemini, Google’s flagship suite of AI models.

WATCH: EU fines Google almost $3 billion

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Bessent: TikTok deal ‘framework’ reached with China, Trump and Xi will finalize it Friday

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Bessent: TikTok deal 'framework' reached with China, Trump and Xi will finalize it Friday

Samuel Boivin | Nurphoto | Getty Images

The U.S. and China have reached a ‘framework’ deal for social media platform TikTok, Treasury Secretary Scott Bessent said Monday.

“It’s between two private parties, but the commercial terms have been agreed upon,” he said from U.S.-China talks in Madrid.

Both President Donald Trump and Chinese President Xi Jinping will meet Friday to discuss the terms. Trump also said in a Truth Social post Monday that a deal was reached “on a ‘certain’ company that young people in our Country very much wanted to save.”

Bessent indicated that the framework could pivot the platform to U.S.-controlled ownership.

TikTok did not immediately respond to a request for comment.

The comments came during the latest round of trade discussions between the U.S. and China. Relations have soured between the two countries in recent months from Trump’s tariffs and other trade restrictions.

At the same time, TikTok parent company ByteDance faces a Sept. 17 deadline to divest the platform’s U.S. business or face being shut down in the country.

U.S. Trade Representative Jamieson Greer said Monday that the deadline may need to be pushed back to get the deal signed, but there won’t be ongoing extensions.

Read more CNBC tech news

Congress passed a law last year prohibiting app store operators like Apple and Google from distributing TikTok in the U.S. due to its “foreign adversary-controlled application” status.

But Trump postponed the shutdown in January, signing an executive order in January that gave ByteDance 75 more days to make a deal. Further extensions came by way of executive orders in April and in June.

Commerce Secretary Howard Lutnick said in July that TikTok would shutter for Americans if China doesn’t give the U.S. more autonomy over the popular short-form video app.

As for who controls the platform, Trump told Fox News in June that he had a group of “very wealthy people” ready to buy the app and could reveal their identities in two weeks. The reveal never came.

He has previously said he’d be open to Oracle Chairman Larry Ellison or Tesla CEO Elon Musk buying TikTok in the U.S. Artificial intelligence startup Perplexity has submitted a bid for an acquisition, as has businessman Frank McCourt’s Project Liberty internet advocacy group, CNBC reported in January.

Trump told CNBC in an interview last year that he believed the platform was a national security threat, although the White House started a TikTok account in August.

White House launches TikTok account

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